Valley Childrens Hospital
- Assets
- $2.1b
- Revenue
- $1.1b
- Investments
- $206.3m
- Employees
- 3,957
- Location
- Madera, CA
- Founding
- 11/1954
- Data as of
- 09/2022
- EIN
- 94-1294954
Organization Overview
Valley Childrens Hospital is located in Madera, CA. The organization was established in 1954. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Valley Childrens Hospital employed 3,957 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Childrens Hospital 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 09/2022, Valley Childrens Hospital generated $1.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $774.3m during the year ending 09/2022. While expenses have increased by 5.5% per year over the past 7 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, Valley Childrens Hospital has awarded 100 individual grants totaling $81,908,357. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HIGH QUALITY, COMPREHENSIVE HEALTHCARE SERVICES TO CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY CHILDREN'S HOSPITAL IS CENTRAL CALIFORNIA'S ONLY PEDIATRIC HOSPITAL, FEATURING THE REGION'S ONLY LEVEL IV NICU, A RENOWNED PEDIATRIC CANCER AND BLOOD DISEASES CENTER AND A PIONEERING HEART CENTER. WE WERE THE FIRST CHILDREN'S HOSPITAL WEST OF THE ROCKIES TO EARN THE MAGNET NURSING DESIGNATION - THE HIGHEST NURSING BENCHMARK - AND U.S. NEWS & WORLD REPORT RANKS US ONE OF THE NATION'S TOP CHILDREN'S HOSPITALS IN SEVEN SPECIALTIES. OUR TEAM OF 670 PHYSICIANS AND 3,500 STAFF MEMBERS PROVIDES HIGH-QUALITY CARE TO MORE THAN 1.3 MILLION CHILDREN IN THE REGION. SEE OUR COMPLETE COMMUNITY BENEFIT REPORT ON OUR WEBSITE AT WWW.VALLEYCHILDRENS.ORG/ABOUT-US/COMMUNITY BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Suntrapak CEO | OfficerTrustee | 20.5 | $2,989,322 |
Beverly Hayden-Pugh Svp/advr To CEO (as Of 3/23) | Officer | 24 | $1,507,867 |
Michele R Waldron Svp, CFO | Officer | 22.2 | $1,294,288 |
Natale Ponticello Jr Svp/advr To SVP & Cpo (as Of 3/23) | Officer | 43 | $1,169,900 |
David Christensen Svp, Cpe & Pres Vcmg | Officer | 24 | $1,209,196 |
Jane Willson Svp, Chief Strategy Officer | Officer | 18 | $706,393 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Valley Children's Medical Group Subspec Physician Services | 9/29/23 | $44,685,000 |
Quiring General Llc Construction Services | 9/29/23 | $31,625,706 |
Pediatric Anesthesia Associates Anesthesia/critical Care | 9/29/23 | $15,092,527 |
Span Construction Construction Services | 9/29/23 | $6,559,460 |
Sodexo Inc & Associates Housekeeping Services | 9/29/23 | $5,616,045 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $23,510,857 |
| Government grants | $23,514,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,341,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,366,824 |
| Total Program Service Revenue | $1,039,778,586 |
| Investment income | $16,184,376 |
| Tax Exempt Bond Proceeds | $798,507 |
| Royalties | $0 |
| Net Rental Income | $391,559 |
| Net Gain/Loss on Asset Sales | $14,755,619 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $167,426 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,128,439,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,042,079 |
| Grants and other assistance to domestic individuals. | $269,141 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,019,174 |
| Compensation of current officers, directors, key employees. | $20,019,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,530,251 |
| Pension plan accruals and contributions | $15,328,124 |
| Other employee benefits | $75,232,188 |
| Payroll taxes | $19,599,120 |
| Fees for services: Management | $4,256,602 |
| Fees for services: Legal | $1,435,927 |
| Fees for services: Accounting | $252,779 |
| Fees for services: Lobbying | $153,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,707,670 |
| Fees for services: Other | $86,798,284 |
| Advertising and promotion | $2,843,615 |
| Office expenses | $123,457,582 |
| Information technology | $8,149,863 |
| Royalties | $0 |
| Occupancy | $8,173,142 |
| Travel | $429,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $213,242 |
| Interest | $11,315,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,025,067 |
| Insurance | $7,820,655 |
| All other expenses | $10,542,966 |
| Total functional expenses | $774,250,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $885,991 |
| Savings and temporary cash investments | $646,160,966 |
| Pledges and grants receivable | $777,563 |
| Accounts receivable, net | $111,218,980 |
| Loans from Officers, Directors, or Controlling Persons | $38,534,416 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,677,924 |
| Prepaid expenses and deferred charges | $13,822,499 |
| Net Land, buildings, and equipment | $400,603,378 |
| Investments—publicly traded securities | $461,048,891 |
| Investments—other securities | $206,266,947 |
| Investments—program-related | $45,306,074 |
| Intangible assets | $0 |
| Other assets | $123,677,617 |
| Total assets | $2,061,981,246 |
| Accounts payable and accrued expenses | $96,249,707 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $282,595,738 |
| Total liabilities | $378,845,445 |
| Net assets without donor restrictions | $1,650,610,632 |
| Net assets with donor restrictions | $32,525,169 |
| 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 | $2,061,981,246 |
Grants Awarded
Over the last fiscal year, Valley Childrens Hospital has awarded $818,798 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FOODLINK TULARE COUNTY PURPOSE: SPONSORSHIP | $7,500 |
MAKE A WISH PURPOSE: SPONSORSHIP | $7,500 |
UNITED WAY OF STANISLAUS COUNTY PURPOSE: DONATION | $7,500 |
BUDDHIST TZU CHI FOUNDATION PURPOSE: SPONSORSHIP | $10,000 |
COURT APPOINTED SPECIAL ADVOCATES PURPOSE: SPONSORSHIP | $10,000 |
SAN JOAQUIN RIVER PARKWAY PURPOSE: SPONSORSHIP | $10,000 |