The Valley Hospital Association Inc
- Assets
- $276.3m
- Revenue
- $43.2m
- Investments
- $1.3m
- Employees
- 28
- Location
- Wasilla, AK
- Founding
- 05/1948
- Data as of
- 12/2020
- EIN
- 92-0019395
Organization Overview
The Valley Hospital Association Inc, operating under the name Mat-Su Health Foundation, is located in Wasilla, AK. The organization was established in 1948. 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, Mat-Su Health Foundation employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mat-Su Health Foundation 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 12/2020, Mat-Su Health Foundation generated $43.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $22.6m during the year ending 12/2020. While expenses have increased by 19.7% 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.
Since 2016, Mat-Su Health Foundation has awarded 641 individual grants totaling $56,506,162. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE IS THE PROVISION OF MEDICAL SERVICES TO AREA RESIDENTS THROUGH A PARTNERSHIP WITH THE MAT-SU VALLEY MEDICAL CENTER AND GRANTS TO COMMUNITY ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REPORTING ORGANIZATION INCREASES ACCESS TO MEDICAL CARE, SOCIAL SERVICES, COMMUNITY SUPPORTS AND PREVENTION ACTIVITIES THROUGH BOTH THE PROVISION OF MEDICAL SERVICES AND GRANTS TO COMMUNITY ORGANIZATIONS FURTHERING THE PURPOSE OF IMPROVING THE HEALTH AND WELLNESS OF MATANUSKA-SUSITNA RESIDENTS.
INVESTMENT IN MAT-SU VALLEY MEDICAL CENTER, LLC, JOINT VENTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Ripley CEO | Officer | 40 | $250,942 |
Christopher Emond CFO | Officer | 40 | $211,113 |
Karen Konemann VP Of Programs | 40 | $191,493 | |
James Beck Senior Programs Officer | 40 | $148,548 | |
Robin Minard Chief Communications Officer | 40 | $136,736 | |
Ray Michaelson Program Officer | 40 | $123,898 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hdr Inc Professional Services | 12/30/21 | $695,974 |
Fe Contracting Inc Construction Services | 12/30/21 | $2,116,375 |
Boston Biopharma Inc Professional Services | 12/30/21 | $845,347 |
Providence Health & Services Professional Services | 12/30/21 | $852,909 |
Agnew Beck Professional Services | 12/30/21 | $233,772 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,931 |
| Investment income | $5,996,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,046,247 |
| Net Gain/Loss on Asset Sales | $2,064,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,247,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,822,126 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $481,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,881,291 |
| Pension plan accruals and contributions | $78,973 |
| Other employee benefits | $322,373 |
| Payroll taxes | $165,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,816 |
| Fees for services: Accounting | $165,544 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $200,421 |
| Fees for services: Other | $206,794 |
| Advertising and promotion | $316,713 |
| Office expenses | $35,735 |
| Information technology | $209,763 |
| Royalties | $0 |
| Occupancy | $197,738 |
| Travel | $15,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,645 |
| Interest | $91,059 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $503,677 |
| Insurance | $82,028 |
| All other expenses | $0 |
| Total functional expenses | $22,602,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,647,782 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,345 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,551,038 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,352 |
| Investments—publicly traded securities | $143,300,455 |
| Investments—other securities | $1,296,537 |
| Investments—program-related | $85,258,752 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $276,307,816 |
| Accounts payable and accrued expenses | $606,943 |
| Grants payable | $3,302,881 |
| Deferred revenue | $300,000 |
| 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 | $6,823,273 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,506 |
| Total liabilities | $11,044,603 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $265,263,213 |
Grants Awarded
Over the last fiscal year, The Valley Hospital Association Inc has awarded $5,937,754 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
MAT-SU TRAILS & PARKS FOUNDATION PURPOSE: BOARD DISCRETIONARY/PROGRAM & WORKFORCE DEVELOPMENT/PROGRAM SUPPORT/PROGRAM EXPANSION SUPPORT GRANT | $558,347 |
Wasilla, AK PURPOSE: COVID PREVENTION & RESPONSE & SUPPORT/DATA RESEARCH DISCOVERY GRANT | $545,604 |
Wasilla, AK PURPOSE: COVID SUPPORT/PROGRAM SUPPORT & DEVELOPMENT/HEALTHY FAMILIES/SPONSORSHIP/IN-KIND | $414,604 |
Wasilla, AK PURPOSE: COVID SUPPORT/SYSTEMS & PROGRAM EXPANSION SUPPORT GRANT | $390,110 |
Talkeetna, AK PURPOSE: DATA RESEARCH DISCOVERY GRANT/PROGRAM SUPPORT/TARGET WELLNESS/SYSTEMS & PROGRAM EXPANSION SUPPORT GRANT | $299,318 |
Anchorage, AK PURPOSE: PROGRAM & WORKFORCE DEVELOPMENT/PROGRAM SUPPORT/TARGET WELLNESS/LEADERSHIP TRANSITION | $293,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Valley Hospital Association Inc has recieved totaling $55,690.
| Awarding Organization | Amount |
|---|---|
The Valley Hospital Association Inc Wasilla, AK PURPOSE: PROGRAM SUPPORT/CONNECT MAT-SU | $55,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence St Joseph Medical Center Renton, WA | $22,923,520 | $45,374,813 |
Covenant Hospital Hobbs Renton, WA | $41,744,699 | $44,968,348 |
Grace Clinic Of Lubbock Renton, WA | $7,277,137 | $42,120,487 |
Shc Medical Center Toppenish Sunnyside, WA | $18,570,913 | $47,073,752 |
Methodist Hospital Levelland Renton, WA | $30,129,720 | $29,112,443 |
The Valley Hospital Association Inc Wasilla, AK | $276,307,816 | $43,247,666 |
Regional Hospital For Respiratory And Complex Care Burien, WA | $0 | $5,757,627 |
Cross Road Health Ministries Inc Glennallen, AK | $4,539,452 | $8,013,942 |
Franciscan Foundation Washington Tacoma, WA | $31,675,220 | $3,841,785 |
Kadlec Foundation Richland, WA | $39,538,406 | $4,010,417 |
Whidbey Island Hospital Foundation Coupeville, WA | $2,936,679 | $1,105,210 |
Health Center Volunteers Inc Vashon, WA | $239,394 | $1,002,228 |