VALLEY HEALTH FOUNDATION (VHF)

EIN: 770187890 501(c)(3) Health Care

SAN JOSE, CA

Total Revenue
$20,606,173
Total Expenses
$17,758,470
Total Assets
$25,514,502
Net Assets
$18,299,179
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
CA
Principal Officer
CHRISTINA SALVATIER
Phone
4088855299
Tax Period
2023-01-01 to 2023-12-31

VALLEY HEALTH FOUNDATION (VHF), founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $20.6M in total revenue in fiscal year 2023. Revenue surged 183% from the prior year, signaling strong growth momentum. Expenses of $17.8M left a modest 14% surplus.

Mission

VALLEY HEALTH FOUNDATION (VHF) IS A NON-PROFIT LEADER IN COMMUNITY HEALTH AND HEALTHCARE THAT FUNDRAISES TO SUPPORT, INNOVATE, AND ADVOCATE FOR BETTER HEALTH FOR ALL IN SANTA CLARA COUNTY. VHF HELPS PATIENTS, FAMILIES, AND DEDICATED HEALTHCARE PROFESSIONALS WHO SERVE IN PUBLIC HEALTHCARE FACILITIES IN SANTA CLARA COUNTY. VHF IS THE FOUNDATION FOR SANTA CLARA VALLEY MEDICAL CENTER, O'CONNOR HOSPITAL, AND ST. LOUISE REGIONAL HOSPITAL, 14 PRIMARY AND SPECIALTY CARE HEALTH CENTERS, SANTA CLARA COUNTY PUBLIC HEALTH, BEHAVIORAL HEALTH SERVICES, AND CUSTODY HEALTH. VHF ALSO SUPPORTS MANY COMMUNITY-BASED PROGRAMS AND SERVICES THAT SHARE OUR MISSION TO ENSURE BETTER HEALTH FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $15,788,120 Revenue: $192,832

VALLEY HEALTH FOUNDATION (VHF) IS A NON-PROFIT LEADER IN COMMUNITY HEALTH AND HEALTHCARE THAT FUNDRAISES TO SUPPORT, INNOVATE, AND ADVOCATE FOR BETTER HEALTH FOR ALL IN SANTA CLARA COUNTY. VHF HELPS...

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VALLEY HEALTH FOUNDATION (VHF) IS A NON-PROFIT LEADER IN COMMUNITY HEALTH AND HEALTHCARE THAT FUNDRAISES TO SUPPORT, INNOVATE, AND ADVOCATE FOR BETTER HEALTH FOR ALL IN SANTA CLARA COUNTY. VHF HELPS PATIENTS, FAMILIES, AND DEDICATED HEALTHCARE PROFESSIONALS WHO SERVE IN PUBLIC HEALTHCARE FACILITIES IN SANTA CLARA COUNTY. VHF IS THE FOUNDATION FOR SANTA CLARA VALLEY MEDICAL CENTER, O'CONNOR HOSPITAL, AND ST. LOUISE REGIONAL HOSPITAL, 14 PRIMARY AND SPECIALTY CARE HEALTH CENTERS, SANTA CLARA COUNTY PUBLIC HEALTH, BEHAVIORAL HEALTH SERVICES, AND CUSTODY HEALTH. VHF ALSO SUPPORTS MANY COMMUNITY-BASED PROGRAMS AND SERVICES THAT SHARE OUR MISSION TO ENSURE BETTER HEALTH FOR ALL.THE FOLLOWING ARE VHF'S MAJOR PROGRAMS AND ACTIVITIES: LAUNCHING VALLEY HEALTH FOUNDATION - IN 2019, THE COUNTY OF SANTA CLARA PURCHASED TWO COMMUNITY HOSPITALS, O'CONNOR HOSPITAL IN SAN JOSE AND ST. LOUISE REGIONAL HOSPITAL IN GILROY. THESE THREE HOSPITALS COMPRISE NORTHERN CALIFORNIA'S LARGEST PUBLIC HEALTHCARE SYSTEM ALONGSIDE SANTA CLARA VALLEY MEDICAL CENTER. IMMEDIATELY AFTER THE ACQUISITION, VHF INTEGRATED THE FORMER O'CONNOR AND ST. LOUISE FOUNDATIONS INTO OUR OPERATING STRUCTURE. THE FINAL STEP IN THAT PROCESS IS CHANGING THE NAME OF OUR FOUNDATION TO REFLECT ALL THREE HOSPITAL COMMUNITIES. IN MAY 2023, THE VMC FOUNDATION BECAME VALLEY HEALTH FOUNDATION WITH A NEW MISSION AND VISION STATEMENT. THIS REPRESENTS THE MOST SIGNIFICANT CHANGE FOR VHF SINCE OUR FOUNDING IN 1988 AND SETS US ON A PATH TO SUPPORT, INNOVATE, AND ADVOCATE FOR BETTER HEALTH FOR ALL IN SANTA CLARA COUNTY. FRIENDS OF ST. LOUISE - THE COUNTY OF SANTA CLARA PURCHASED THREE BANKRUPT AND/OR CLOSED HOSPITALS IN EARLY 2019, TWO OF WHICH HAD PRE-EXISTING FOUNDATIONS THAT LATER DISBANDED. VHF IS NOW RAISING FUNDS FOR AND SUPPORTING SERVICES AT SANTA CLARA VALLEY MEDICAL CENTER HOSPITAL & CLINICS, O'CONNOR HOSPITAL, ST. LOUISE REGIONAL HOSPITAL, AND THE REST OF THE COUNTY OF SANTA CLARA HEALTH SYSTEM. ""FRIENDS OF ST. LOUISE"" IS THE NEW GIVING SOCIETY LAUNCHED BY VHF TO SERVE AS THE COMMUNITY-FUNDRAISING ARM FOR ST. LOUISE REGIONAL HOSPITAL. COMPRISED OF THE FORMER MEMBERS OF THE NOW-DEFUNCT ST. LOUISE HOSPITAL FOUNDATION, FRIENDS OF ST. LOUISE WILL BE THE CONDUIT BY WHICH VHF SUPPORTS THE EXPANSION OF THE HOSPITAL.VIOLENCE PREVENTION - THE SANTA CLARA COUNTY PUBLIC HEALTH DEPARTMENT LEADS A COMMUNITY-WIDE COALITION TO ADDRESS VIOLENCE IN EAST SAN JOSE AS A PUBLIC HEALTH CONCERN. AS SUCH, VHF HAS BEEN INVITED TO BE PART OF THIS COALITION AND HAS BEEN CHOSEN AS THE ""WELLNESS FUND,"" WHERE DOLLARS RAISED TO SUPPORT THE WORK OF THE ALLIANCE WILL BE KEPT AND ADMINISTERED. SPINAL CORD AND BRAIN INJURY REHABILITATION - SECURING GRANTS AND GIFTS TO ENHANCE THE WORLD-CLASS CARE PROVIDED BY SCVMC'S SPINAL CORD INJURY ("SCI") AND THE TRAUMATIC BRAIN INJURY ("TBI") UNIT IS A MAJOR PRIORITY SINCE DOING SO NOT ONLY HELPS PATIENTS OBTAIN THE BEST TREATMENT FOR THESE KINDS OF INJURIES BUT ALSO HELPS ATTRACT PATIENTS WITH PRIVATE INSURANCE. THIS PROGRAM BENEFITS SCVMC FINANCIALLY BEYOND WHAT PHILANTHROPY ALONE CAN DO.TURNING WHEELS FOR KIDS - VHF ENSURES THAT CHILDREN OF LOW-INCOME FAMILIES CAN HAVE A BRAND-NEW BICYCLE, PROMOTING OUTDOOR EXERCISE AND BATTLING THE CHILDHOOD OBESITY EPIDEMIC. IN 2023, VOLUNTEERS BUILT 943 BIKES DISTRIBUTED TO 24 COMMUNITY-BASED ORGANIZATIONS AND SCHOOLS THAT SERVE CHILDREN. NEONATAL INTENSIVE CARE UNIT ("NICU") SUPPORT - SCVMC'S NICU PROVIDES THE HIGHEST LEVEL OF CARE TO HUNDREDS OF TINY, PREMATURE INFANTS EACH YEAR. VHF, WITH THE HELP OF FIRST 5 SANTA CLARA COUNTY IN SILICON VALLEY, AND OTHER PHILANTHROPISTS, PROVIDES TECHNOLOGY AND SOCIAL SERVICE SUPPORT TO THESE BABIES AND FAMILIES.EDUCATION AND ISSUE ADVOCACY - VHF ENGAGES IN PUBLIC OUTREACH AND EDUCATION TO PROMOTE THE EXCELLENT AND ESSENTIAL SERVICES IT PROVIDES TO ALL COUNTY RESIDENTS, REGARDLESS OF ABILITY TO PAY. PUBLIC KNOWLEDGE OF THESE SERVICES, MANY OF WHICH ARE PROVIDED BY THE COUNTY OF SANTA CLARA HEALTH SYSTEM AND NO OTHER HOSPITALS IN THE BAY AREA, CAN HAVE POLICY IMPLICATIONS. FOR THIS REASON, VHF IS DEDICATED TO SUPPORTING COMMUNITY EDUCATION AND OUTREACH ABOUT THE HEALTH SYSTEM'S SERVICES, HOW LOCAL AND NATIONAL POLICY CHANGES MAY AFFECT THE HEALTH SYSTEMS, AND HOW INCREASED UNDERSTANDING OF THE HEALTH SYSTEM'S ROLE IN CARING FOR THE COMMUNITY CAN DRIVE DONATIONS, POLITICAL SUPPORT, AND PUBLIC PERCEPTION. ADDITIONALLY, EXPANDING THE UNDERSTANDING OF HOW ISSUES LIKE COMMUNITY VIOLENCE AND HOMELESSNESS ARE CONSIDERED A HEALTH CRISIS AND HOW SANTA CLARA COUNTY RESIDENTS CAN HELP SOLVE THESE CRISES HAS BECOME A GROWING PRIORITY.SANTA CLARA COUNTY COMMUNITY GRANTS PARTNERSHIP - THE COMMUNITY GRANTS PARTNERSHIP TEAM AT VALLEY HEALTH FOUNDATION ADMINISTERS THREE GRANT PROGRAMS FUNDED BY THE COUNTY OF SANTA CLARA THROUGH THE FEDERAL CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS UNDER THE AMERICAN RESCUE PLAN ACT (ARPA), THE STATE OF CALIFORNIA MENTAL HEALTH SERVICES ACT (MHSA) AND THE STATE OF CALIFORNIA JUVENILE JUSTICE CRIME PREVENTION ACT (JJCPA). THE THREE VHF GRANT PROGRAMS INCLUDE (1) THE COVID-19 NONPROFIT RESILIENCY AND SUSTAINABILITY GRANT PROGRAM, (2) THE CHILDCARE EXPANSION GRANT PROGRAM AND (3) THE SCHOOL-BASED WELLNESS CENTER GRANT PROGRAM. IN TOTAL, THE $37 MILLION IN GRANT PROGRAMS WILL DISTRIBUTE $33.9 MILLION TO QUALIFIED ORGANIZATIONS IN SANTA CLARA COUNTY BY 2025, WITH ADMINISTRATIVE COST OF $3.1 MILLION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,327,056
Program Service Revenue $192,832
Investment Income $512,482
Other Revenue $-426,197
TOTAL REVENUE $20,606,173

Expense Breakdown

Grants Paid $9,981,404
Salaries & Benefits $3,207,046
Fundraising Expenses $862,374
Program Expenses $15,788,120
Other Expenses $4,570,020
TOTAL EXPENSES $17,758,470

Year-over-Year Comparison

2023 2022 Change
Revenue $20,606,173 $7,283,004 +1.8%
Expenses $17,758,470 $6,249,785 +1.8%
Net Income $2,847,703 $1,033,219 +1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
26
Volunteers
319

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$296,708
Total Directors
19
$0
Key Employees
2
$427,348
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY ANN DEWAN DIRECTOR 1.50
Director
$0 $0 $0
AFTAB JAMIL DIRECTOR & TREASURER 3.00
Officer Director
$0 $0 $0
BRENT DAVIDSON DIRECTOR 1.50
Director
$0 $0 $0
BALAJI GOVINDASWAMI MD DIRECTOR & SECRETARY 3.00
Officer Director
$0 $0 $0
MARIA NOEL FERNANDEZ DIRECTOR 1.50
Director
$0 $0 $0
CHRISTINA EGAN DIRECTOR 1.50
Director
$0 $0 $0
CHRISTINA L ESQUIVEL DIRECTOR 1.50
Director
$0 $0 $0
MUHAMMED CHAUDHRY DIRECTOR 1.50
Director
$0 $0 $0
DENNIS LOW MD DIRECTOR & BOARD CHAIR 3.00
Officer Director
$0 $0 $0
DOLLY C GOEL DIRECTOR 1.50
Director
$0 $0 $0
EARL S JOHNSON DIRECTOR 1.50
Director
$0 $0 $0
ELAINE ELKIN DIRECTOR 1.50
Director
$0 $0 $0
JACOB ELZIQ DIRECTOR 1.50
Director
$0 $0 $0
GLENDA GARCIA DIRECTOR 1.50
Director
$0 $0 $0
KIRK B WESTBROOK DIRECTOR 1.50
Director
$0 $0 $0
TOM ZAZUETA DIRECTOR 1.50
Director
$0 $0 $0
MARCELLE M DOUGAN SCD MPH MENG DIRECTOR & BOARD CHAIR 1.50
Officer Director
$0 $0 $0
RAVI NAIK DIRECTOR 1.50
Director
$0 $0 $0
CARIN TAYLOR DIRECTOR 1.50
Director
$0 $0 $0
MICHAEL ELLIOTT PRESIDENT & EXECUTIVE DIRECTOR 40.00
Officer
$283,208 $13,500 $296,708
CHRISTINA SALVATIER CHIEF FINANCIAL OFFICER 40.00
Key Emp
$224,080 $17,755 $241,835
CAMIE VANKEUREN VICE PRESIDENT OF PHILANTHROPHY 40.00
Key Emp
$164,588 $20,925 $185,513
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $20,606,173 $17,758,470 $25,514,502 $2,847,703
2022 $7,283,004 $6,249,785 $14,253,524 $1,033,219
2021 $8,152,326 $8,126,840 $14,966,958 $25,486
2020 $25,875,500 $21,523,259 $14,899,035 $4,352,241
2019 $4,569,405 $4,909,798 $9,785,623 $-340,393
2018 $4,547,317 $6,023,157 $9,954,695 $-1,475,840
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