Brighton Community Hospital Association
- Assets
- $301.5m
- Revenue
- $184.0m
- Investments
- $0.0
- Employees
- 1,125
- Location
- Brighton, CO
- Founding
- 12/1962
- Data as of
- 12/2021
- EIN
- 84-0482695
Organization Overview
Brighton Community Hospital Association, operating under the name Platte Valley Medical Center, is located in Brighton, CO. The organization was established in 1962. 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 12/2021, Platte Valley Medical Center employed 1,125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platte Valley Medical Center 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, Platte Valley Medical Center generated $184.0m 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 $179.4m during the year ending 12/2021. While expenses have increased by 7.3% 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 2014, Platte Valley Medical Center has awarded 56 individual grants totaling $1,442,478. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER OPTIMAL HEALTH FOR ALL
Describe the Organization's Program Activity:
IN 1960, THE CITY OF BRIGHTON WANTED TO BRING HEALTHCARE TO OUR COMMUNITY. THEY FORMED AUXILIARY TEAMS, RALLIED TROOPS, AND WENT DOOR TO DOOR UNTIL THEY RAISED $500,000 TO OPEN BRIGHTON COMMUNITY HOSPITAL (BCH) IN 1960. BCH BECAME THE FIRST PRIVATE GENERAL MEDICAL-SURGICAL HOSPITAL IN ADAMS AND SOUTHERN WELD COUNTIES AND COLORADO'S FIRST TWO-STAGE HOSPITAL-NURSING HOME MEDICAL UNIT LICENSED UNDER ONE ROOF. IN 1980, BCH BECAME PLATTE VALLEY MEDICAL CENTER.TODAY, WE ARE A SECULAR HOSPITAL AFFILIATED WITH SCL HEALTH SYSTEM. WE AFFILIATED WITH SCL HEALTH IN 2015 TO STRENGTHEN OUR POSITION AND DELIVER MORE ADVANCED CARE THROUGH THE EXPANSION OF SPECIALTIES AND SERVICES. OUR WORK IS A REFLECTION OF OUR CARE AND CONCERN FOR EVERYONE WHO ENTERS OUR DOORS.DURING 2021, PVMC HAD THE FOLLOWING RESULTS:3,207 ADMISSIONS99,012 OUTPATIENT VISITS 25,693 EMERGENCY DEPARTMENT VISITS 816 BIRTHS 3,577 SURGERIES341,318 LABORATORY TESTSAWARDS AND RECOGNITIONCMS HOSPITAL COMPARE RATINGSPLATTE VALLEY MEDICAL CENTER HAS EARNED A 5-STAR OR BETTER RATING WHEN IT COMES TO PATIENT EXPERIENCE AS REPORTED BY CENTERS FOR MEDICARE & MEDICAID SERVICES (CMS).LEAPFROG HOSPITAL SAFETY GRADEPLATTE VALLEY MEDICAL CENTER IS PROUD TO HAVE RECEIVED AN 'A' GRADE IN SPRING 2021 FROM THE LEAPFROG GROUP FOR HOSPITAL SAFETY. THE LEAPFROG GROUP IS A WASHINGTON D.C. BASED ORGANIZATION AIMING TO IMPROVE HEALTHCARE QUALITY AND SAFETY FOR CONSUMERS AND PURCHASERS. THE LEAPFROG GROUP ASSIGNS LETTER GRADES BASED ON NUMEROUS HEALTH CARE QUALITY MEASURES. NATIONALLY RECOGNIZED IN HEART & VASCULAR CARE PLATTE VALLEY MEDICAL CENTER IS PROUD TO HAVE RECEIVED MULTIPLE CHEST PAIN - MI REGISTRY AWARDS IN 2020 FROM THE AMERICAN COLLEGE OF CARDIOLOGY. THIS AWARD PROGRAM WAS CREATED BY THE AMERICAN COLLEGE OF CARDIOLOGY TO RECOGNIZE HOSPITALS THAT HAVE TOP-LEVEL PERFORMANCE IN THEIR CARE OF PATIENTS WHILE ADHERING TO THEIR SPECIFIC GUIDELINE RECOMMENDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Hamman MD Physician Comp Plan | 50 | $905,001 | |
Matthew Gawart MD Physician Comp Plan | 50 | $867,281 | |
John Hicks Ceo/president | OfficerTrustee | 50 | $730,844 |
Aaron Baxter MD Physician Comp Plan | 50 | $673,499 | |
John Mangelson MD Physician Comp Plan | 50 | $651,134 | |
Christopher Cannon MD Physician Comp Plan | 50 | $603,137 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colorado Pathology Consultants Medical Services | 12/30/20 | $308,963 |
Inpatient Services Pc Medical Services | 12/30/20 | $1,472,502 |
Mayo Collaborative Services Inc Medical Services | 12/30/20 | $281,083 |
Officescapes Of Denver Llp Office Furniture | 12/30/20 | $424,412 |
Anesthesia Svcs Of Platte Valley Prof Ll Contract Labor | 12/30/20 | $1,281,716 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $158,038 |
| Government grants | $2,545,904 |
| 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 | $2,703,942 |
| Total Program Service Revenue | $176,302,493 |
| Investment income | $3,077,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,544,903 |
| Net Gain/Loss on Asset Sales | -$30,872 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,998,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $213,979 |
| Grants and other assistance to domestic individuals. | $400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,140,048 |
| Compensation of current officers, directors, key employees. | $54,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,402,610 |
| Pension plan accruals and contributions | $2,278,491 |
| Other employee benefits | $6,342,624 |
| Payroll taxes | $3,625,605 |
| Fees for services: Management | $11,908 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $1,884 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,785,437 |
| Advertising and promotion | $962,932 |
| Office expenses | $303,138 |
| Information technology | $11,514,347 |
| Royalties | $0 |
| Occupancy | $3,730,258 |
| Travel | $47,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,615 |
| Interest | $2,237,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,064,444 |
| Insurance | $1,748,551 |
| All other expenses | $13,947,577 |
| Total functional expenses | $179,445,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,024,419 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,012,528 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $593,818 |
| Inventories for sale or use | $4,014,412 |
| Prepaid expenses and deferred charges | $773,031 |
| Net Land, buildings, and equipment | $171,013,804 |
| Investments—publicly traded securities | $21,141,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,000,000 |
| Other assets | $61,968,396 |
| Total assets | $301,542,275 |
| Accounts payable and accrued expenses | $23,123,087 |
| Grants payable | $0 |
| Deferred revenue | $3,952,144 |
| 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 | $52,810,916 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $866,699 |
| Total liabilities | $80,752,846 |
| Net assets without donor restrictions | $220,789,429 |
| 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 | $301,542,275 |
Grants Awarded
Over the last fiscal year, Brighton Community Hospital Association has awarded $204,479 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Brighton, CO PURPOSE: SUPPORT MISSION | $128,479 |
Brighton, CO PURPOSE: SUPPORT OPERATIONS | $20,000 |
Fort Lupton, CO PURPOSE: SUPPORT OPERATIONS | $15,000 |
Boulder, CO PURPOSE: TRANSPORATION FOR SENIORS AND DISABLED | $15,000 |
Brighton, CO PURPOSE: SUPPORT OPERATIONS | $10,000 |
Broomfield, CO PURPOSE: SUPPORT OPERATIONS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brighton Community Hospital Association has recieved totaling $274,635.
| Awarding Organization | Amount |
|---|---|
Platte Valley Medical Center Foundation Brighton, CO PURPOSE: SUPPORT MISSION | $274,635 |
Endowment Analysis
| Beg. Balance | $1,992,122 |
| Earnings | $357,498 |
| Net Contributions | $220 |
| Other Expense | $106,574 |
| Ending Balance | $2,243,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Stormont-Vail Healthcare Inc Topeka, KS | $1,007,583,672 | $817,729,703 |
Bryan Medical Center Lincoln, NE | $1,105,625,709 | $861,679,038 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Poudre Valley Health Care Inc Fort Collins, CO | $9,383,080,918 | $1,025,348,780 |
Mercy Hospital Oklahoma City Inc Oklahoma City, OK | $541,395,814 | $646,607,785 |
Saint Joseph Hospital Denver, CO | $893,189,330 | $616,289,311 |
Parkview Medical Center Inc Pueblo, CO | $566,853,494 | $573,603,655 |
Nebraska Methodist Hospital Omaha, NE | $1,027,583,192 | $637,277,838 |
Shawnee Mission Medical Center Inc Shawnee Mission, KS | $1,015,503,411 | $556,228,590 |
St Vincent Hospital Santa Fe, NM | $723,865,521 | $490,943,135 |