Southwest Health System Inc
- Assets
- $62.5m
- Revenue
- $77.3m
- Investments
- $2.0m
- Employees
- 606
- Location
- Cortez, CO
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 84-1337350
Organization Overview
Southwest Health System Inc is located in Cortez, CO. The organization was established in 1996. 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 12/2022, Southwest Health System Inc employed 606 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Health System 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, Southwest Health System Inc generated $77.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $78.2m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY HEALTH CARE TO OUR COMMUNITY BY BRINGING EXCELLENCE, VALUE AND SERVICE TOGETHER TO PROMOTE, IMPROVE AND RESTORE HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, SOUTHWEST HEALTH SYSTEMS SERVED APPROXIMATELY 49,185 INPATIENTS AND OUTPATIENTS, 61,094 PATIENTS WERE SERVED THROUGH OUR PHYSICIAN CLINICS, AND 13,560 PATIENTS WERE SEEN IN OUR EMERGENCY ROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Braden Jones Clinic Physician | 40 | $901,766 | |
Kevin Matteson MD Physician/chief Of Staff (beg 05/22) | Officer | 40 | $516,622 |
Erin Schmitt Clinic Physician | 40 | $495,689 | |
Randy Davidson Hospital Physician | 40 | $438,489 | |
Joel Bagley Clinic Physician | 40 | $436,747 | |
Kenton Asche Hospital Physician | 40 | $428,020 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medefis Consolidated Contract Employees | 12/30/22 | $3,092,651 |
Trane Building Construction/improvements | 12/30/22 | $426,745 |
Novus Anesthesia Of Co Contract Anesthesiologist | 12/30/22 | $476,632 |
Tibor Mojzis Md Contract Providers | 12/30/22 | $333,678 |
Jeffrey Tarpey Contract Providers | 12/30/22 | $306,756 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,655,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,181,076 |
| Total Program Service Revenue | $73,543,709 |
| Investment income | $137,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,800 |
| Net Gain/Loss on Asset Sales | $78,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,308,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,696 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,242,269 |
| Compensation of current officers, directors, key employees. | $87,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,623,498 |
| Pension plan accruals and contributions | $474,726 |
| Other employee benefits | $4,195,510 |
| Payroll taxes | $2,176,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121,747 |
| Fees for services: Accounting | $123,259 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,677 |
| Fees for services: Other | $6,078,805 |
| Advertising and promotion | $45,468 |
| Office expenses | $1,331,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,691,027 |
| Travel | $232,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,065 |
| Interest | $1,568,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,160,328 |
| Insurance | $863,659 |
| All other expenses | $889,855 |
| Total functional expenses | $78,166,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,160 |
| Savings and temporary cash investments | $10,960,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,110,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,425,402 |
| Prepaid expenses and deferred charges | $791,174 |
| Net Land, buildings, and equipment | $35,473,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,025,892 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,703,996 |
| Total assets | $62,496,517 |
| Accounts payable and accrued expenses | $8,940,203 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $26,804,088 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,827,386 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,173,932 |
| Total liabilities | $44,745,609 |
| Net assets without donor restrictions | $17,750,908 |
| 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 | $62,496,517 |