Vali Division Of Wasatch-Lakecrest
- Assets
- $25.5m
- Revenue
- $23.7m
- Investments
- $0.0
- Employees
- 532
- Location
- Woods Cross, UT
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 95-3723933
Organization Overview
Vali Division Of Wasatch-Lakecrest is located in Woods Cross, UT. The organization was established in 1991. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Vali Division Of Wasatch-Lakecrest employed 532 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vali Division Of Wasatch-Lakecrest 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 12/2021, Vali Division Of Wasatch-Lakecrest generated $23.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $22.5m during the year ending 12/2021. While expenses have increased by 7.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FURNISH HOUSING, HEALTH CARE, FINANCIAL SECURITY, AND OTHER SERVICES TO ELDERLY INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNISH HOUSING, HEALTH CARE, FINANCIAL SECURITY, AND OTHER SERVICES TO ELDERLY INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vera Carlson Medical Director | 40 | $154,478 | |
Chae Lilgenquist Supervisor | 40 | $110,449 | |
Stephanie Godinez Administrator | 40 | $109,691 | |
Troy Thompson President | OfficerTrustee | 0 | $12,500 |
Joseph H Parks Secretary | OfficerTrustee | 0 | $500 |
Lance D Samuelson Treasurer | OfficerTrustee | 0 | $500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rocky Mountain Care Llc Support Services | 12/30/21 | $3,410,545 |
Rocky Mountain Care - Clearfield Patient Room & Board | 12/30/21 | $368,081 |
Aspen Technology It Services | 12/30/21 | $421,701 |
Rocky Mountain Care - Tooele Patient Room & Board | 12/30/21 | $526,465 |
Rocky Mountain Care - Wv Patient Room & Board | 12/30/21 | $384,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,181,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,181,100 |
| Total Program Service Revenue | $21,561,542 |
| Investment income | $290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $23,742,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $13,500 |
| Compensation of current officers, directors, key employees. | $13,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,263,902 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $472,657 |
| Payroll taxes | $641,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,380 |
| Fees for services: Accounting | $282,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $720,673 |
| Advertising and promotion | $774 |
| Office expenses | $76,035 |
| Information technology | $19,001 |
| Royalties | $0 |
| Occupancy | $852,188 |
| Travel | $31,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $555,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,124,884 |
| Insurance | $305,691 |
| All other expenses | $2,274,142 |
| Total functional expenses | $22,468,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,597,523 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,240 |
| Net Land, buildings, and equipment | $17,593,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,915,807 |
| Other assets | $3,916,979 |
| Total assets | $25,462,783 |
| Accounts payable and accrued expenses | $882,630 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,933,849 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,294,794 |
| Total liabilities | $16,111,273 |
| 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 | $35,606 |
| Retained earnings, endowment, accumulated income, or other funds | $9,315,904 |
| Total liabilities and net assets/fund balances | $25,462,783 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vali Division Of Wasatch-Lakecrest has recieved totaling $2,500,000.
| Awarding Organization | Amount |
|---|---|
Rocky Mountain Care - Tooele Inc Woods Cross, UT PURPOSE: SUPPORT CHARITABLE PURPOSE | $1,500,000 |
Bccu Inc Clearfield Woods Cross, UT PURPOSE: GENERAL SUPPORT | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tru Community Care Lafayette, CO | $39,055,482 | $49,921,394 |
Nathan Adelson Hospice Inc Las Vegas, NV | $34,809,060 | $45,720,684 |
Hospice Of Metro Denver Incorporated Denver, CO | $64,633,708 | $38,927,316 |
Vali Division Of Wasatch-Lakecrest Woods Cross, UT | $25,462,783 | $23,742,932 |
Sangre De Cristo Hospice & Palliative Care Pueblo, CO | $16,193,317 | $24,800,628 |
Pathways Hospice Denver, CO | $25,746,800 | $20,933,159 |
Pikes Peak Hospice And Palliative Care Inc Denver, CO | $11,445,812 | $14,838,483 |
Hospice Of North Idaho Inc Coeur Dalene, ID | $12,514,294 | $13,160,230 |
Mesilla Valley Hospice Inc Las Cruces, NM | $23,145,054 | $10,360,548 |
Hospice Of Havasu Inc Lake Havasu City, AZ | $15,881,309 | $8,122,758 |
Mount Evans Hospice Inc Evergreen, CO | $7,027,978 | $8,830,994 |
Foundation For Positively Kids Las Vegas, NV | $989,517 | $5,096,493 |