The Hospital Committee For The Livermore-Pleasanton Areas
- Assets
- $347.9m
- Revenue
- $360.8m
- Investments
- $0.0
- Employees
- 1,475
- Location
- Livermore, CA
- Founding
- 09/1964
- Data as of
- 08/2021
- EIN
- 94-1429628
Organization Overview
The Hospital Committee For The Livermore-Pleasanton Areas, 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 08/2021, Stanford Health Care - Valleycare employed 1,475 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 08/2021, Stanford Health Care - Valleycare generated $360.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $349.2m during the year ending 08/2021. While expenses have increased by 4.8% 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
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 |
|---|---|---|---|
Richard Shumway President & CEO | Officer | 49.6 | $770,975 |
Tracey Lewis Taylor COO | Officer | 50 | $496,040 |
Kyle Wichelmann CFO | Officer | 50 | $446,867 |
Jennifer Saavedra Registered Nurse | 50 | $352,714 | |
Ronnie Raymundo Registered Nurse | 50 | $336,810 | |
Abraham Bravo Registered Nurse | 50 | $320,510 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Affiliates Hospitality Services | 8/30/21 | $6,998,181 |
Advanced Medical Builders Construction Service | 8/30/21 | $2,062,895 |
The Core Group Construction Service | 8/30/21 | $2,379,687 |
Herrero Builders Incorporated Construction Service | 8/30/21 | $1,454,849 |
Total Renal Care Inc Patient Care Service | 8/30/21 | $1,366,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,776,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,516,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,293,109 |
| Total Program Service Revenue | $347,183,776 |
| Investment income | $344,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$891,062 |
| Net Gain/Loss on Asset Sales | $49,289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,769,019 |
| 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. | $3,367,580 |
| Compensation of current officers, directors, key employees. | $3,367,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,463,369 |
| Pension plan accruals and contributions | $6,094,403 |
| Other employee benefits | $43,191,768 |
| Payroll taxes | $9,439,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $967,324 |
| Fees for services: Accounting | $233,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,251,113 |
| Advertising and promotion | $0 |
| Office expenses | $4,961,516 |
| Information technology | $21,478,803 |
| Royalties | $0 |
| Occupancy | $9,825,407 |
| Travel | $21,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,186 |
| Interest | $1,929,542 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,904,189 |
| Insurance | $2,606,127 |
| All other expenses | $2,093,534 |
| Total functional expenses | $349,206,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,383 |
| Savings and temporary cash investments | $5,593,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,410,039 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,359,218 |
| Prepaid expenses and deferred charges | $11,066,578 |
| Net Land, buildings, and equipment | $175,680,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $385,272 |
| Other assets | $108,405,021 |
| Total assets | $347,907,183 |
| Accounts payable and accrued expenses | $41,604,254 |
| Grants payable | $0 |
| Deferred revenue | $12,500,811 |
| 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 | $102,190,888 |
| Total liabilities | $156,295,953 |
| Net assets without donor restrictions | $185,699,101 |
| Net assets with donor restrictions | $5,912,129 |
| 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 | $347,907,183 |
Grants Awarded
Over the last fiscal year, The Hospital Committee For The Livermore-Pleasanton Areas has awarded $58,724,030 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Livermore, CA PURPOSE: TO CLEAR INTERCOMPANY RECEIVABLE/PAYABLES | $58,713,452 |
Livermore, CA PURPOSE: TO CLEAR INTERCOMPANY RECEIVABLE/PAYABLES | $10,578 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Hospital Committee For The Livermore-Pleasanton Areas has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prime Healthcare Foundation Inc Ontario, CA | $1,893,168,414 | $990,033,576 |
Salem Health Salem, OR | $1,797,165,433 | $888,127,204 |
Keck Medical Center Of Usc Los Angeles, CA | $1,126,857,717 | $861,650,395 |
Port City Operating Company Llc Rancho Cordova, CA | $716,107,160 | $692,763,447 |
Yuma Regional Medical Center Yuma, AZ | $1,228,382,728 | $741,860,053 |
The Hospital Committee For The Livermore-Pleasanton Areas Livermore, CA | $347,907,183 | $360,769,019 |
Wyoming Medical Center Inc Phoenix, AZ | $279,059,082 | $279,752,645 |
Cfhs Holdings Inc Marina Del Rey, CA | $147,959,387 | $136,116,103 |
Hayward Sisters Hospital Hayward, CA | $71,008,487 | $118,634,519 |
Siskiyou Hospital Inc Yreka, CA | $82,691,725 | $102,051,246 |
Usc Verdugo Hills Hospital Glendale, CA | $165,951,606 | $75,528,918 |
Saint Alphonsus Medical Center- Ontario Inc Ontario, OR | $100,480,171 | $82,404,925 |