Santa Ynez Valley Cottage Hospital Inc
- Assets
- $76.0m
- Revenue
- $29.4m
- Investments
- $15.0m
- Employees
- 128
- Location
- Santa Barbara, CA
- Founding
- 04/1964
- Data as of
- 12/2022
- EIN
- 95-2224265
Organization Overview
Santa Ynez Valley Cottage Hospital Inc is located in Santa Barbara, CA. The organization was established in 1964. 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 12/2022, Santa Ynez Valley Cottage Hospital Inc employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Ynez Valley Cottage Hospital Inc 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, Santa Ynez Valley Cottage Hospital Inc generated $29.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $22.8m during the year ending 12/2022. While expenses have increased by 5.4% 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 2020, Santa Ynez Valley Cottage Hospital Inc has awarded 11 individual grants totaling $1,210,373. 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
IT IS THE MISSION OF SANTA YNEZ VALLEY COTTAGE HOSPITAL (SYVCH) TO PROVIDE SUPERIOR HEALTH CARE FOR AND IMPROVE THE HEALTH CARE OF OUR COMMUNITIES THROUGH A COMMITMENT TO OUR CORE VALUES OF EXCELLENCE, INTEGRITY, AND COMPASSION. SYVCH IS A RURAL HOSPITAL AND IS DESIGNATED A CRITICAL ACCESS HOSPITAL. THE HOSPITAL PROVIDES CRITICAL EMERGENCY SERVICES WHICH ALLOW FOR LOCAL STABILIZATION OF THE PATIENT AND TRANSFER TO AN AFFILIATED HOSPITAL THAT PROVIDES A HIGHER LEVEL OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANTA YNEZ VALLEY COTTAGE HOSPITAL IS A 11-BED ACUTE-CARE HOSPITAL LOCATED IN THE RURAL AREA KNOWN AS THE SANTA YNEZ VALLEY. IN 2022, THE HOSPITAL HAD 308 PATIENT DAYS, SERVED 29,793 OUTPATIENTS INCLUDING EMERGENCY SERVICES TO 9,417 PATIENTS. THE HOSPITAL PROVIDED ESSENTIAL EMERGENCY TREATMENT, INPATIENT ACUTE CARE, OUTPATIENT SURGICAL SERVICES, IMAGING DIAGNOSTIC SERVICES, INFUSION SERVICES AND CARDIAC REHABILITATION SERVICES TO THE RESIDENTS OF THE SANTA YNEZ VALLEY, INCLUDING THE COMMUNITIES OF SOLVANG, BUELLTON, SANTA YNEZ, LOS OLIVOS, AND BALLARD. SANTA YNEZ VALLEY COTTAGE HOSPITAL PROVIDES EMERGENCY SERVICES TO ANYONE SEEKING CARE, REGARDLESS OF THEIR ABILITY TO PAY. THE HOSPITAL IS DILIGENT IN ENSURING THAT ALL PATIENTS HAVE ADEQUATE ACCESS TO CARE. ALL PATIENTS WHO DO NOT PRESENT WITH INSURANCE ARE AUTOMATICALLY SCREENED FOR ELIGIBILITY IN GOVERNMENT HEALTH PROGRAMS AND ARE ASSISTED IN APPLYING FOR FINANCIAL ASSISTANCE IF THE PATIENT DOES NOT QUALIFY FOR ANY OTHER ASSISTANCE. SANTA YNEZ VALLEY COTTAGE HOSPITAL PROVIDES CRITICAL FUNDING FOR COMMUNITY HEALTH AND EDUCATION WITH EXTERNAL GRANTS, WHILE ALSO REALIZING SHORTFALLS MEDI-CAL AND INDIGENT CARE. EXTERNAL GRANTS WERE PROVIDED WHICH AIMED AT SPECIFIC COMMUNITY NEEDS FOR AT RISK POPULATIONS (INDIGENT; SUBSTANCE ABUSE RECOVERY; ELDERLY; FAMILY COUNSELING). IN ADDITION, THE HOSPITAL PROVIDES SUPPORT OF NURSING EDUCATION, PROVIDES LOW COST EXERCISE PROGRAM FOR SENIORS, SUPPORTS A LOCAL HEALTH FAIR AND THE PROVISION OF FLU SHOTS TO THE COMMUNITY. IN 2022 THE HOSPITAL SPENT OVER $2.9 MILLION ON THESE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 0.3 | $0 |
Name Not Listed Secretary (part Year) | OfficerTrustee | 0.3 | $0 |
Name Not Listed Chair (part Year) | OfficerTrustee | 0.3 | $0 |
Name Not Listed Secretary | OfficerTrustee | 0.3 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arndt Construction Construction Contractor | 12/30/22 | $3,678,326 |
19six Architects Architectural Services | 12/30/22 | $246,702 |
19six Architects Architectural Services | 12/30/22 | $246,702 |
Justice William Inspection Services | 12/30/22 | $198,040 |
Solvang Lutheran Home Inc Food Services | 12/30/22 | $137,319 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $955,451 |
| All other contributions, gifts, grants, and similar amounts not included above | $889,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,844,655 |
| Total Program Service Revenue | $24,726,522 |
| Investment income | $499,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,576,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,392,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $960,295 |
| Grants and other assistance to domestic individuals. | $27,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $842,130 |
| Compensation of current officers, directors, key employees. | $388,282 |
| Compensation to disqualified persons | $26,685 |
| Other salaries and wages | $8,622,203 |
| Pension plan accruals and contributions | $224,829 |
| Other employee benefits | $3,122,558 |
| Payroll taxes | $628,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $143,729 |
| Fees for services: Other | $3,127,908 |
| Advertising and promotion | $11,096 |
| Office expenses | $245,828 |
| Information technology | $378,641 |
| Royalties | $0 |
| Occupancy | $748,974 |
| Travel | $16,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,500 |
| Interest | $4,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,137,505 |
| Insurance | $173,929 |
| All other expenses | $4,714 |
| Total functional expenses | $22,848,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,261,081 |
| Savings and temporary cash investments | $290,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,178,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $174,795 |
| Prepaid expenses and deferred charges | $56,188 |
| Net Land, buildings, and equipment | $27,053,139 |
| Investments—publicly traded securities | $23,196,808 |
| Investments—other securities | $14,962,012 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,875,899 |
| Total assets | $76,049,535 |
| Accounts payable and accrued expenses | $2,765,260 |
| Grants payable | $0 |
| Deferred revenue | $3,846 |
| 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 | $890,668 |
| Total liabilities | $3,659,774 |
| Net assets without donor restrictions | $71,939,032 |
| Net assets with donor restrictions | $450,729 |
| 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 | $76,049,535 |
Grants Awarded
Over the last fiscal year, Santa Ynez Valley Cottage Hospital Inc has awarded $957,889 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL ON ALCOHOLISM & DRUG PURPOSE: Provide parenting education programs that will support parents of children and adolescents with culturally relevant parenting skills training. | $50,000 |
COTTAGE CLINICAL NETWORK PURPOSE: Support of clinics throughout the Santa Barbara County which provide access to care for individuals with no PCP | $860,000 |
CSUCI FOUNDATION PURPOSE: Support of the Bachelor's in Science, Nursing program in Santa Barbara | $19,864 |
SANTA BARBARA CITY COLLEGE PURPOSE: Support of Nursing Program at Santa Barbara City College | $28,025 |