Stanford Health Care Tri-Valley
- Assets
- $423.1m
- Revenue
- $472.3m
- Investments
- $0.0
- Employees
- 1,787
- Location
- Livermore, CA
- Founding
- 09/1964
- Data as of
- 08/2023
- EIN
- 94-1429628
Organization Overview
Stanford Health Care Tri-Valley, operating under the name Stanford Health Care - Valleycare, is located in Livermore, CA. The organization was established in 1964. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2023, Stanford Health Care - Valleycare employed 1,787 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanford Health Care - Valleycare 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 08/2023, Stanford Health Care - Valleycare generated $472.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $457.7m during the year ending 08/2023. While expenses have increased by 7.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Entwistle Director | Trustee | 4.25 | $0 |
Quinn Mckenna Director | Trustee | 3 | $0 |
Linda Hoff Director | Trustee | 3.25 | $0 |
Richard Shumway President/ceo | Officer | 52.5 | $1,279,934 |
Aaron Salyapongse MD Director | Trustee | 1.6 | $0 |
Ron Dalman MD Director | Trustee | 1.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Herrero Builders Incorporate Construction Service | 8/30/23 | $6,673,397 |
Lrs Healthcare Patient Care Service | 8/30/23 | $5,525,847 |
Aya Healthcare Inc Patient Care Service | 8/30/23 | $9,548,146 |
Sodexo Inc Affiliates Hospitality Service | 8/30/23 | $3,893,094 |
Amn Healthcare Inc Patient Care Service | 8/30/23 | $3,694,960 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,440,394 |
| All other contributions, gifts, grants, and similar amounts not included above | $349,673 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,790,067 |
| Total Program Service Revenue | $467,587,265 |
| Investment income | $610,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,992,592 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,272,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $627,540 |
| 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. | $4,352,834 |
| Compensation of current officers, directors, key employees. | $4,352,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,482,687 |
| Pension plan accruals and contributions | $6,633,956 |
| Other employee benefits | $50,548,739 |
| Payroll taxes | $12,542,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $901,445 |
| Fees for services: Accounting | $243,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,229,936 |
| Advertising and promotion | $0 |
| Office expenses | $1,126,570 |
| Information technology | $30,707,408 |
| Royalties | $0 |
| Occupancy | $10,933,012 |
| Travel | $153,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $313,921 |
| Interest | $1,817,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,660,984 |
| Insurance | $3,686,604 |
| All other expenses | $2,502,405 |
| Total functional expenses | $457,725,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $514 |
| Savings and temporary cash investments | $6,013,154 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,066,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,501,829 |
| Prepaid expenses and deferred charges | $9,911,676 |
| Net Land, buildings, and equipment | $297,333,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $212,328 |
| Other assets | $45,098,560 |
| Total assets | $423,138,466 |
| Accounts payable and accrued expenses | $43,731,232 |
| Grants payable | $0 |
| Deferred revenue | $10,600,462 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,568,298 |
| Total liabilities | $146,899,992 |
| Net assets without donor restrictions | $271,081,671 |
| Net assets with donor restrictions | $5,156,803 |
| 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 | $423,138,466 |
Grants Awarded
Over the last fiscal year, Stanford Health Care Tri-Valley has awarded $592,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GOODNESS VILLAGE PURPOSE: GENERAL SUPPORT | $52,000 |
OPEN HEART KITCHEN OF LIVERMORE INC PURPOSE: GENERAL SUPPORT | $50,000 |
AXIS COMMUNITY HEALTH INC PURPOSE: GENERAL SUPPORT | $490,000 |