Central Valley Medical Center
- Assets
- $111.9m
- Revenue
- $51.0m
- Investments
- $13.2m
- Employees
- 415
- Location
- Nephi, UT
- Founding
- 10/1985
- Data as of
- 06/2021
- EIN
- 87-0419324
Organization Overview
Central Valley Medical Center is located in Nephi, UT. The organization was established in 1985. As of 06/2021, Central Valley Medical Center employed 415 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Valley Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Central Valley Medical Center generated $51.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $46.1m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Central Valley Medical Center has awarded 11 individual grants totaling $1,748,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOSPITAL SERVICES.
Describe the Organization's Program Activity:
CENTRAL VALLEY MEDICAL CENTER OPERATES A HOSPITAL AND THREE MEDICAL CLINICS PROVIDING MEDICAL CARE TO RURAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Neilsen Physician | 40 | $255,802 | |
Jason Standring Physician | 40 | $231,986 | |
Kecia White Retail Pharmacy Manager | 40 | $196,855 | |
Steve Breckenridge Hospital Pharmacy Manager | 40 | $177,141 | |
Todd Larson Physician | 30 | $171,717 | |
Alan Kenison Board Member | Trustee | 1 | $1,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rural Health Management Corporation Physician Services | 6/29/21 | $5,012,370 |
Rural Health Group Inc Management Services | 6/29/21 | $1,764,751 |
Sw Rehab Inc Physical, Occupational & Speech Therapy | 6/29/21 | $1,456,620 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,628,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,644,016 |
| Total Program Service Revenue | $45,471,792 |
| Investment income | $1,039,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,802,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,958,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $123,450 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,350 |
| Compensation of current officers, directors, key employees. | $10,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,195,692 |
| Pension plan accruals and contributions | $735,557 |
| Other employee benefits | $2,820,644 |
| Payroll taxes | $990,298 |
| Fees for services: Management | $2,037,996 |
| Fees for services: Legal | $26,428 |
| Fees for services: Accounting | $45,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,338 |
| Fees for services: Other | $7,876,043 |
| Advertising and promotion | $317,591 |
| Office expenses | $665,075 |
| Information technology | $816,162 |
| Royalties | $0 |
| Occupancy | $591,641 |
| Travel | $68,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,787 |
| Interest | $1,101,997 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,003,738 |
| Insurance | $484,434 |
| All other expenses | $716,930 |
| Total functional expenses | $46,128,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,076,700 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,611,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,440,000 |
| Inventories for sale or use | $2,981,096 |
| Prepaid expenses and deferred charges | $581,959 |
| Net Land, buildings, and equipment | $50,210,447 |
| Investments—publicly traded securities | $6,421,202 |
| Investments—other securities | $13,239,630 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $375,426 |
| Total assets | $111,937,564 |
| Accounts payable and accrued expenses | $4,524,286 |
| Grants payable | $0 |
| Deferred revenue | $6,779,285 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,421,461 |
| Unsecured mortgages and notes payable | $3,382,200 |
| Other liabilities | $0 |
| Total liabilities | $40,107,232 |
| Net assets without donor restrictions | $71,830,332 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $111,937,564 |
Grants Awarded
Over the last fiscal year, Central Valley Medical Center has awarded $107,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ephraim, UT PURPOSE: Building Construction Assistance | $100,000 |
JUAB JUNIOR LIVESTOCK PURPOSE: Assistance for youth livestock program | $7,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Valley Medical Center has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Valley Medical Center Nephi, UT | $111,937,564 | $50,958,104 |
La Clinica De Familia Incorporated Las Cruces, NM | $45,542,537 | $56,983,887 |
Valley Family Health Care Inc Payette, ID | $17,988,562 | $31,619,036 |
El Centro Family Health Espanola, NM | $18,275,808 | $25,724,218 |
Carbon Medical Service Association East Carbon, UT | $4,238,604 | $6,933,505 |
Colorado Community Health Network Inc Denver, CO | $3,957,445 | $4,870,555 |
Evergreen Family Friendship Service Colorado Springs, CO | $1,997,338 | $372,263 |
Green Valley Assistance Services Inc Green Valley, AZ | $1,570,842 | $672,769 |
Rocky Mountain Rural Health Inc Fairplay, CO | $310,601 | $234,975 |
Converse County Hospital Foundation Inc Douglas, WY | $1,665,301 | $303,475 |
Copper Basin Community Health Care Foundation Kearny, AZ | $19,697 | $0 |