LOWER VALLEY HOSPITAL ASSOCIATION (EIN 840447998) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

KORREY KLEIN MD

Phone

9708582228

Tax Period

2024-01-01 to 2024-12-31

LOWER VALLEY HOSPITAL ASSOCIATION, founded in 1946, is a mid-sized nonprofit in the Health Care sector that reported $87.9M in total revenue in fiscal year 2024.

Mission

ADDRESS THE HEALTHCARE NEEDS OF THE GREATER FRUITA COMMUNITY AND PROVIDE HEALTHCARE SERVICES WITHOUT REGARD TO RACE, AGE, HANDICAP, CREED, OR NATIONAL ORIGIN. PROVIDE THOSE SERVICES TO INDIVIDUALS OF ALL INCOME LEVELS CONSISTENT WITH OUR FINANCIAL ABILITY TO DO SO.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $686,964

Program Service Revenue $85,350,472

Investment Income $954,022

Other Revenue $937,366

TOTAL REVENUE $87,928,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,065,848

Fundraising Expenses $0

Program Expenses $70,294,444

Other Expenses $33,468,213

TOTAL EXPENSES $85,534,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,928,824	$89,490,882	0.0%
Expenses	$85,534,061	$81,943,020	+0.0%
Net Income	$2,394,763	$7,547,862	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

753

Volunteers

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

$1,513,233

Total Directors

$83,070

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BURDETT	CHAIR	1.00	Officer Director	$0	$0	$0
KEN PALMER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JANE FOSTER RN BSN MSHA	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTI FLYNN	TRUSTEE	1.00	Director	$0	$0	$0
JEANNE HABERER DO	TRUSTEE	1.00	Director	$0	$0	$0
JERRY HAMILTON	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER LANDINI	TRUSTEE (THRU 12/24)	1.00	Director	$0	$0	$0
ERROL SNIDER	TRUSTEE	32.00	Director	$61,194	$21,876	$83,070
LARRY TICE MD	TRUSTEE	1.00	Director	$0	$0	$0
KORREY KLEIN MD	PRESIDENT/CEO & SECRETARY	40.00	Officer	$395,912	$47,683	$443,595
CHRISTOPER TAGGART MD	CHIEF MEDICAL OFFICER	40.00	Officer	$267,760	$10,710	$278,470
VANESSA MCCLELLAN DO	CHIEF OF MEDICAL STAFF	40.00	Officer	$256,100	$31,833	$287,933
LORI RANDALL	EXECUTIVE VP/COO, CAN, HA	40.00	Officer	$234,312	$21,028	$255,340
THERESA TABOR	VP FINANCE/CFO	40.00	Officer	$219,416	$28,479	$247,895
CHRISTOPHER COPELAND DO	PHYSICIAN	40.00	Highest	$569,530	$48,683	$618,213
KYLE CHRISTOPHERSON MD	PHYSICIAN	40.00	Highest	$562,875	$13,800	$576,675
RICHARD ACKERSON MD	PHYSICIAN	40.00	Highest	$534,961	$42,111	$577,072
PETER SCHEFFEL MD	PHYSICIAN	40.00	Highest	$474,018	$23,529	$497,547
DAVID SALDIVAR MD	PHYSICIAN	40.00	Highest	$380,533	$12,962	$393,495

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	$87,928,824	$85,534,061	$75,986,038	$2,394,763
2023	$89,490,882	$81,943,020	$72,854,635	$7,547,862
2022	$79,890,942	$80,260,493	$62,606,343	$-369,551
2021	$78,174,068	$74,016,411	$64,162,006	$4,157,657
2020	$65,411,939	$66,296,933	$66,749,020	$-884,994
2019	$64,082,049	$62,325,081	$61,353,512	$1,756,968
2018	$51,623,296	$57,582,156	$55,857,897	$-5,958,860

LOWER VALLEY HOSPITAL ASSOCIATION