Lower Valley Hospital Association
- Assets
- $64.2m
- Revenue
- $78.2m
- Investments
- $205.7k
- Employees
- 825
- Location
- Fruita, CO
- Founding
- 03/1951
- Data as of
- 12/2021
- EIN
- 84-0447998
Organization Overview
Lower Valley Hospital Association, operating under the name Family Health West, is located in Fruita, CO. The organization was established in 1951. 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 12/2021, Family Health West employed 825 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Health West 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 12/2021, Family Health West generated $78.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $74.0m during the year ending 12/2021. While expenses have increased by 7.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADDRESS THE HEALTHCARE NEEDS OF THE GREATER FRUITA COMMUNITY AND PROVIDE HEALTHCARE SERVICES WITHOUT REGARD TO RACE, AGE, HANDICAP, CREED, OR NATIONAL ORIGIN. PROVIDE THOSE SERVICES TO INDIVIDUALS OF ALL INCOME LEVELS CONSISTENT WITH OUR FINANCIAL ABILITY TO DO SO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOWER VALLEY HOSPITAL ASSOCIATION OPERATES COLORADO CANYONS HOSPITAL AND MEDICAL CENTER A 25-BED SWING AND ACUTE CARE CRITICAL ACCESS HOSPITAL. THE HOSPITAL PARTICIPATES IN THE MEDICARE AND MEDICAID PROGRAMS, PROVIDES CHARITY CARE AND OTHER ASSISTANCE TO ENSURE ACCESS TO THESE SERVICES IN OUR COMMUNITY. OUR HOSPITAL SERVICES ARE 52% MEDICARE. WE OFFER LABS FOR THE GOOD SAMARITAN PROGRAM, ROCK STEADY BOXING AND THE SENIOR STEP ON PROGRAM FOR OUR COMMUNITY. IN 2021, WE ADMINISTERED COVID VACCINE TO OUR COMMUNITY PARTNERS AT NO COST.
THE ORGANIZATION SPONSORS CLINICS TO ENSURE ACCESS TO PRIMARY AND SPECIALTY CARE SERVICES IN THE COMMUNITY. THESE OPERATIONS ARE NOT LIMITED TO ANESTHESIA, EMERGENCY PROVIDERS, HOSPITALIST, RADIOLOGIST, ORTHOPEDIC SPECIALISTS, PODIATRY, RHEUMATOLOGY, NEUROSURGERY AND PHYSIATRY. AN ATHLETIC TRAINER IS DONATED TO THE LOCAL SCHOOLS DURING SPORTS TRAINING AND GAMES.
THE ORGANIZATION OPERATES A MEMORY CARE FACILITY THAT PROVIDE RESIDENTIAL ACCOMMODATIONS AND LIMITED HEALTHCARE SERVICES TO THE ELDERLY AND DISABLED FOR A TOTAL BED COUNT OF 26. THE WILLOWS IS DEDICATED TO RESIDENTS WITH DEMENTIA AND IS A SECURED FACILITY. DURING 2021, THE ORGANIZATION CLOSED THE OAKS ASSISTED LIVING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Scheffel Physician | 40 | $585,434 | |
Chris Copeland Physician | 40 | $575,089 | |
Richard Ackerson Physician | 40 | $558,561 | |
Michael Neste Tt/chief Of Med. Staff (thru Dec.) | Trustee | 40 | $387,859 |
Brian Belnap Physician | 40 | $330,119 | |
Korrey Klein Ceo/secretary | Officer | 42 | $297,597 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anesthesia Consultants Of Western Colora Professional Anesthesia Services | 12/30/21 | $301,128 |
Colorado Surgical Affiliates Llc Professional Surgical Services | 12/30/21 | $163,900 |
Colorado West Emergency Physicians Llc Professional Ed Services | 12/30/21 | $190,131 |
Eclinicalworks Electronic Health Record System | 12/30/21 | $134,496 |
Scott E Vincent Md Pc Professional Ed Services | 12/30/21 | $126,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $199,149 |
| Government grants | $890,341 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,089,490 |
| Total Program Service Revenue | $76,953,674 |
| Investment income | $127,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,075 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,174,068 |
| 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. | $1,936,890 |
| Compensation of current officers, directors, key employees. | $781,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,841,548 |
| Pension plan accruals and contributions | $902,362 |
| Other employee benefits | $4,139,993 |
| Payroll taxes | $2,368,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,476 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $1,021 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,157,765 |
| Advertising and promotion | $588,110 |
| Office expenses | $488,458 |
| Information technology | $1,531,290 |
| Royalties | $0 |
| Occupancy | $1,339,388 |
| Travel | $43,383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,346,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,486,584 |
| Insurance | $525,917 |
| All other expenses | $439,550 |
| Total functional expenses | $74,016,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,209,345 |
| Savings and temporary cash investments | $9,191,749 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,678,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,861,151 |
| Prepaid expenses and deferred charges | $598,500 |
| Net Land, buildings, and equipment | $24,408,145 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $205,749 |
| Investments—program-related | $0 |
| Intangible assets | $72,758 |
| Other assets | $1,936,060 |
| Total assets | $64,162,006 |
| Accounts payable and accrued expenses | $5,928,761 |
| Grants payable | $0 |
| Deferred revenue | $473,592 |
| Tax-exempt bond liabilities | $38,075,994 |
| Escrow or custodial account liability | $2,788 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,449,955 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,527,947 |
| Total liabilities | $52,459,037 |
| Net assets without donor restrictions | $11,702,969 |
| 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 | $64,162,006 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lower Valley Hospital Association has recieved totaling $120,613.
| Awarding Organization | Amount |
|---|---|
Colorado Rural Health Center Aurora, CO PURPOSE: GRANT PASSTHROUGH | $120,613 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Taos Health Systems Inc Holy Cross Hospital Taos, NM | $42,845,347 | $91,459,696 |
Nebraska Methodist Health System Inc Omaha, NE | $1,257,543,382 | $79,579,701 |
Lower Valley Hospital Association Fruita, CO | $64,162,006 | $78,174,068 |
Southwest Health System Inc Cortez, CO | $66,730,739 | $73,002,542 |
Diversus Health Inc Colorado Springs, CO | $69,056,645 | $59,817,758 |
Tmc Medical Network Tucson, AZ | $11,838,575 | $36,338,871 |
Parkview Health Systems Inc Pueblo, CO | $227,277 | $49,526,192 |
Memorial Community Hospital Corporation Blair, NE | $56,275,818 | $44,044,678 |
Hilltop Health Services Corporation Grand Junction, CO | $63,929,076 | $33,671,328 |
Central Oklahoma Family Medical Center Inc Konawa, OK | $13,609,649 | $34,028,771 |
Mccurtain Memorial Medical Management Inc Idabel, OK | $11,531,552 | $35,443,680 |
Indian Health Care Resource Center Tulsa, OK | $30,557,069 | $25,149,363 |