Spring Valley Health Care Center Inc
- Assets
- $3.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 117
- Location
- Spring Valley, WI
- Founding
- 11/2008
- Data as of
- 06/2021
- EIN
- 39-0993000
Organization Overview
Spring Valley Health Care Center Inc is located in Spring Valley, WI. The organization was established in 2008. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Spring Valley Health Care Center Inc employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Valley Health Care Center 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 06/2021, Spring Valley Health Care Center Inc generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SPRING VALLEY HEALTH CARE SERVICES, INC. IS TO PROVIDE HEALTH AND ASSISTIVE SERVICES TO ELDERLY AND DISABLED PERSONS IN NEED OF SPRING VALLEY HEALTH CARE SERVICES, INC.'S PROGRAMS IN A MANNER THAT IS CHARITABLE AND WITH A SPIRIT OF BENEVOLENCE SO THAT AN INDIVIDUAL MAY MAINTAIN THE HIGHEST PRACTICABLE QUALITY OF LIFE, THE UTMOST INDEPENDENCE, AND THE MOST REASONABLE SAFE AND HEALTHY LIFESTYLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRING VALLEY HEALTH CARE SERVICES, INC. OPERATES A 40-BED SKILLED NURSING FACILITY WHICH IS AVAILABLE TO RESIDENTS OF SPRING VALLEY AND THE SURROUNDING AREAS. PERSONALIZED NURSING CARE, REHABILITATIVE SERVICES, AND SUPPORTIVE SERVICES ARE OFFERED TO PROMOTE AND ASSIST RESIDENTS RECUPERATING FROM ILLNESS, INJURY, OR SURGERY. DURING FISCAL YEAR 2020-21, THE NURSING FACILITY PROVIDED 9,168 RESIDENT DAYS, AN OCCUPANCY RATE OF 63%. EVEN THOUGH THE ORGANIZATION IS CLEARLY DISTRESSED FINANCIALLY DUE TO INADEQUATE REIMBURSEMENTS FROM THE MEDICARE AND MEDICAID SYSTEMS, A 4 STAR RATING, AS DETERMINED THE US DHHS CENTERS FOR MEDICARE AND MEDICAID SERVICES, HAS BEEN DUTIFULLY AND CONSISTENTLY MAINTAINED BY THE ORGANIZATION.
SPRING VALLEY HEALTH CARE SERVICES, INC. IS THE SOLE CORPORATE MEMBER OF VALLEY VILLAS, LLC. VALLEY VILLAS, LLC. WAS ORGANIZED AS A DISREGARDED ENTITY FOR THE PURPOSE OF OPERATING A 20-UNIT RESIDENTIAL CARE APARTMENT COMPLEX.
SPRING VALLEY HEALTH CARE SERVICES, INC. MANAGES AND OPERATES SPRING VALLEY HEALTH AND REHABILITATION CENTER OWNED BY THE VILLAGE OF SPRING VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Larson Ceo/administrator | Officer | 40 | $81,095 |
Julie Ducklow Treasurer | OfficerTrustee | 3 | $0 |
Marsha Brunkhorst President | OfficerTrustee | 4 | $0 |
Jay Richardson Secretary | OfficerTrustee | 3 | $0 |
Jay Arneson Advisory Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,060,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067,937 |
| Total Program Service Revenue | $3,096,578 |
| Investment income | $247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,260,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,153 |
| Compensation of current officers, directors, key employees. | $92,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,893,522 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $259,195 |
| Payroll taxes | $149,255 |
| Fees for services: Management | $21,241 |
| Fees for services: Legal | $5,526 |
| Fees for services: Accounting | $59,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,712 |
| Advertising and promotion | $5,876 |
| Office expenses | $58,977 |
| Information technology | $4,400 |
| Royalties | $0 |
| Occupancy | $230,377 |
| Travel | $2,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,038 |
| Insurance | $40,800 |
| All other expenses | $16,154 |
| Total functional expenses | $3,891,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,702 |
| Savings and temporary cash investments | $243,334 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $342,047 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,595 |
| Net Land, buildings, and equipment | $1,785,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$1,595 |
| Total assets | $3,240,100 |
| Accounts payable and accrued expenses | $401,187 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,090,042 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $561,995 |
| Total liabilities | $2,061,724 |
| Net assets without donor restrictions | $1,178,376 |
| 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 | $3,240,100 |
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