Verde Valley Medical Center
- Assets
- $444.4m
- Revenue
- $199.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cottonwood, AZ
- Founding
- 01/1941
- Data as of
- 06/2021
- EIN
- 86-0100882
Organization Overview
Verde Valley Medical Center is located in Cottonwood, AZ. The organization was established in 1941. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verde 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 06/2021, Verde Valley Medical Center generated $199.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $151.9m during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING HEALTH, HEALING PEOPLE.
Describe the Organization's Program Activity:
TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE. TO PROVIDE HEALTH CARE SERVICES TO THE COMMUNITY THROUGH INPATIENT, OUTPATIENT AND EMERGENCY HOSPITAL CARE AND RELATED MEDICAL SERVICES, CHARITY CARE AND COMMUNITY SERVICE. TOTAL INPATIENT DISCHARGES WERE 4,349 AND 17,584 PATIENT DAYS. OUTPATIENT VISITS APPROXIMATED 646,814 AND 21,091 EMERGENCY VISITS.
TO PROVIDE EMERGENCY SERVICES, CANCER TREATMENT, AND OTHER ANCILLARY SERVICES TO THE COMMUNITY THROUGH THE OPERATION OF THE VERDE VALLEY MEDICAL CENTER SEDONA CAMPUS. EMERGENCY VISITS WERE 5,733. RADIATION ONCOLOGY PROCEDURES WERE 11,284. MEDICAL IMAGING PROCEDURES WERE 13,052. LABORATORY PROCEDURES WERE 40,174. PHYSCIAL THERAPY VISITS WERE 42,859.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florence Spyrow Nah President/ceo | OfficerTrustee | 6 | $0 |
Janet Corrigan Director/chair | OfficerTrustee | 1 | $0 |
William Riley Director/vice Chair | OfficerTrustee | 1 | $0 |
Kenneth Salce MD Director/secretary | OfficerTrustee | 1 | $0 |
Michael Martinell Director/treasurer | OfficerTrustee | 1 | $0 |
Clifford Loader Nah CFO | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Instrumentation Lab Company Laboratory Services | 6/29/21 | $258,061 |
Priority 1 Power Services Llc Medical Services | 6/29/21 | $160,949 |
Assured Imaging Llc Medical Services | 6/29/21 | $157,838 |
Ge Med Sys Ultrasound Prim Care Contract Labor | 6/29/21 | $482,148 |
Climate Control Resources Medical Equipment | 6/29/21 | $141,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,767,198 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,955,282 |
| Total Program Service Revenue | $175,713,011 |
| Investment income | $6,071,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $117,007 |
| Net Gain/Loss on Asset Sales | $8,340,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,632,184 |
| 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. | $140,540 |
| Compensation of current officers, directors, key employees. | $140,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,623,299 |
| Pension plan accruals and contributions | $2,221,611 |
| Other employee benefits | $6,400,267 |
| Payroll taxes | $3,363,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,221 |
| Fees for services: Accounting | $100,285 |
| Fees for services: Lobbying | $5,399 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,506,551 |
| Advertising and promotion | $3,049 |
| Office expenses | $9,688,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,045,233 |
| Travel | $62,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,125,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,695,982 |
| Insurance | $1,371,434 |
| All other expenses | $476,757 |
| Total functional expenses | $151,943,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,993 |
| Savings and temporary cash investments | $104,111,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,124,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,457,509 |
| Prepaid expenses and deferred charges | $2,280,932 |
| Net Land, buildings, and equipment | $88,796,583 |
| Investments—publicly traded securities | $218,086,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,525,609 |
| Total assets | $444,389,010 |
| Accounts payable and accrued expenses | $15,049,013 |
| Grants payable | $0 |
| Deferred revenue | $19,903,350 |
| Tax-exempt bond liabilities | $42,097,297 |
| 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 | $14,721,233 |
| Total liabilities | $91,770,893 |
| Net assets without donor restrictions | $352,618,117 |
| 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 | $444,389,010 |
Grants Awarded
Over the last fiscal year, Verde Valley Medical Center has awarded $5,144,373 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Flagstaff, AZ PURPOSE: endowment est. & comm. benefit | $5,124,373 |
NORTHERN ARIZONA UNIVERSITY PURPOSE: Sponsorship | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Verde Valley Medical Center has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Delta Dental Plan Of Arizona Charitable Foundation And Trust Glendale, AZ PURPOSE: COMMUNITY GRANT | $15,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,990,776,088 | $820,638,690 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,315,158,731 | $740,897,251 |
Enloe Medical Center Chico, CA | $774,318,013 | $814,037,880 |
Torrance Memorial Medical Center Torrance, CA | $1,308,904,790 | $749,888,639 |
Pomona Valley Hospital Medical Center Pomona, CA | $766,840,577 | $699,695,626 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |
Poudre Valley Health Care Inc Fort Collins, CO | $9,383,080,918 | $1,025,348,780 |