The Valley Hospital Association Inc
- Assets
- $341.8m
- Revenue
- $72.9m
- Investments
- $2.1m
- Employees
- 35
- Location
- Wasilla, AK
- Founding
- 05/1948
- Data as of
- 12/2022
- EIN
- 92-0019395
Organization Overview
The Valley Hospital Association Inc, operating under the name Mat-Su Health Foundation, is located in Wasilla, AK. The organization was established in 1948. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Mat-Su Health Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mat-Su Health Foundation 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 12/2022, Mat-Su Health Foundation generated $72.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $25.1m during the year ending 12/2022. While expenses have increased by 16.0% per year over the past 8 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 2016, Mat-Su Health Foundation has awarded 724 individual grants totaling $68,503,146. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE IS THE PROVISION OF MEDICAL SERVICES TO AREA RESIDENTS THROUGH A PARTNERSHIP WITH THE MAT-SU VALLEY MEDICAL CENTER AND GRANTS TO COMMUNITY ORGANIZATIONS.
Describe the Organization's Program Activity:
THE REPORTING ORGANIZATION INCREASES ACCESS TO MEDICAL CARE, SOCIAL SERVICES, COMMUNITY SUPPORTS AND PREVENTION ACTIVITIES THROUGH BOTH THE PROVISION OF MEDICAL SERVICES AND GRANTS TO COMMUNITY ORGANIZATIONS FURTHERING THE PURPOSE OF IMPROVING THE HEALTH AND WELLNESS OF MATANUSKA-SUSITNA RESIDENTS.
INVESTMENT IN MAT-SU VALLEY MEDICAL CENTER, LLC, JOINT VENTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lebron Mcphail Chair | OfficerTrustee | 1 | $0 |
Lisa Wade Vice Chairperson | OfficerTrustee | 1 | $0 |
Teri Namtvedt Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tammy Bruce Director | Trustee | 1 | $0 |
Marisa Chud Director | Trustee | 1 | $0 |
Raelynn Danielowski Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weka Inc Provided Covid Testing Site | 12/30/22 | $337,820 |
Strategy Solutions Evaluation Services Of Multiple Programs | 12/30/22 | $231,685 |
Opti Staffing Temporary Staffing Agency | 12/30/22 | $212,412 |
Agnewbeck Consulting Consulting Servces | 12/30/22 | $193,741 |
Msi Communications Inc Media, Psa And Website | 12/30/22 | $156,827 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $19,800 |
| Membership dues | $1,835 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,039,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,191,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,253,541 |
| Total Program Service Revenue | $45,278,532 |
| Investment income | $6,508,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $723,383 |
| Net Gain/Loss on Asset Sales | $326,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,860,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,427,195 |
| Grants and other assistance to domestic individuals. | $1,799,945 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,677 |
| Compensation of current officers, directors, key employees. | $488,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,162,325 |
| Pension plan accruals and contributions | $100,088 |
| Other employee benefits | $459,463 |
| Payroll taxes | $221,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,150 |
| Fees for services: Accounting | $103,347 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $262,250 |
| Fees for services: Other | $1,688,726 |
| Advertising and promotion | $429,402 |
| Office expenses | $56,751 |
| Information technology | $288,240 |
| Royalties | $0 |
| Occupancy | $417,992 |
| Travel | $51,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,945 |
| Interest | $896,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $543,912 |
| Insurance | $92,158 |
| All other expenses | $74,246 |
| Total functional expenses | $25,131,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,567,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,892,352 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $87,703 |
| Net Land, buildings, and equipment | $26,049,834 |
| Investments—publicly traded securities | $182,805,860 |
| Investments—other securities | $2,130,419 |
| Investments—program-related | $97,220,601 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $341,754,733 |
| Accounts payable and accrued expenses | $140,197 |
| Grants payable | $3,217,977 |
| Deferred revenue | $200,271 |
| 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 | $5,117,455 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,506 |
| Total liabilities | $8,687,406 |
| Net assets without donor restrictions | $333,067,327 |
| 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 | $341,754,733 |
Grants Awarded
Over the last fiscal year, The Valley Hospital Association Inc has awarded $12,998,583 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
ALASKA ADDICTION REHABILITATION SERVICES PURPOSE: TARGET WELLNESS, COVID RESPONSE PROJECT; TECHNOLOGY UPGRADE PROJECT | $26,709 |
ALASKA ASSISTANCE DOGS PURPOSE: TARGET WELLNESS CANINE THERAPY PROGRAMS FOR MAT-SU VALLEY | $15,000 |
ALASKA CHILDREN'S TRUST PURPOSE: ALASKA AFTERSCHOOL NETWORK; 2022 CHAMPION FOR KIDS; 2022 ALASKA AFTERSCHOOL NETWORK CONFERENCE | $20,000 |
ALASKA COALITION ON HOUSING AND HOMELESSNESS PURPOSE: MAT-SU YOUTH SUPPORT SPECIALIST AND YAB SUPPORT | $368,000 |
ALASKA FAMILY SERVICES INC PURPOSE: MSHF PALMER FIT COURT; EPSA (EARLY PARENT SUPPORT - ANCHORAGE); SPECIAL SANTA PROGRAM SUPPLIES AND EQUIPMENT | $108,226 |
ALASKA FARMLAND TRUST PURPOSE: CAPACITY BUILDING FOR THE THIRD YEAR OF AFT'S FOUR-YEAR CAPACITY-BUILDING EFFORT. MAT SU EXPERIMENT FARM WORKING GROUP FACILITATION | $90,130 |