LOWER VALLEY HOSPITAL ASSOCIATION

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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

FAMILY HEALTH WEST IS DEDICATED TO SUPPORTING OUR COMMUNITY BY REINVENTING THE HEALTHCARE EXPERIENCE WITH A FOCUS ON QUALITY OUTCOMES. WE STRIVE TO PROVIDE WARM, COMPASSIONATE SERVICE TO MAKE EVERY PATIENT'S DAY A LITTLE BETTER. WE WILL SURROUND OURSELVES WITH A DIVERSE GROUP OF PEOPLE WHO EXUDE THE VALUES EMBRACED BY FAMILY HEALTH WEST. EACH OF US WILL WORK EVERY DAY TO PROMOTE OUR MISSION AND THE GUIDING PRINCIPLES OF FHW CARES - FAMILY, HONESTY, WELLNESS, COMPASSION, ACCOUNTABILITY, RESPECT, EXCELLENCE, AND SAFETY.

Program Service Accomplishments

Program 1

Expenses: $52,368,767 Revenue: $60,413,151

LOWER VALLEY HOSPITAL ASSOCIATION OPERATES A 25-BED ACUTE CARE AND SWING BED CRITICAL ACCESS HOSPITAL. OUTPATIENT SERVICES INCLUDE EMERGENCY, ANCILLARY TESTING, SURGICAL AND THERAPY. THE HOSPITAL...

LOWER VALLEY HOSPITAL ASSOCIATION OPERATES A 25-BED ACUTE CARE AND SWING BED CRITICAL ACCESS HOSPITAL. OUTPATIENT SERVICES INCLUDE EMERGENCY, ANCILLARY TESTING, SURGICAL AND THERAPY. THE HOSPITAL PARTICIPATES IN THE MEDICARE AND MEDICAID PROGRAMS, PROVIDES CHARITY CARE AND OTHER ASSISTANCE TO ENSURE ACCESS TO THESE SERVICES IN OUR COMMUNITY. OUR HOSPITAL SERVICES ARE 51% MEDICARE AND 21% MEDICAID. WE PROVIDE LABS FOR THE GOOD SAMARITAN CLINIC, PROGRAMMING AND CLASSES FOR COMMUNITY PARKINSONS PATIENTS AND COLLABORATIVE OUTPATIENT REHABILITATION SERVICES FOR SENIORS. THE HOSPITAL SERVES THE COMMUNITIES OF FRUITA, LOMA AND MACK COLORADO ALONG WITH EASTERN VILLAGES IN CENTRAL UTAH. MANY PATIENTS COME TO FRUITA, FROM GRAND JUNCTION AND OTHER AREAS OF MESA COUNTY, AS THE HOSPITAL IS SOUGHT AFTER DUE TO ITS REPUTATION OF PERSONALIZED CARE AND QUALITY OF MEDICAL STAFF AND SERVICES PROVIDED.

Program 2

Expenses: $16,711,639 Revenue: $24,140,274

THE ORGANIZATION OWNS AND OPERATES CLINICS TO ENSURE ACCESS TO PRIMARY AND SPECIALTY CARE SERVICES IN THE COMMUNITY. THESE OPERATIONS INCLUDE BUT ARE NOT LIMITED TO ANESTHESIA, EMERGENCY PROVIDERS...

THE ORGANIZATION OWNS AND OPERATES CLINICS TO ENSURE ACCESS TO PRIMARY AND SPECIALTY CARE SERVICES IN THE COMMUNITY. THESE OPERATIONS INCLUDE BUT ARE NOT LIMITED TO ANESTHESIA, EMERGENCY PROVIDERS, HOSPITALIST, RADIOLOGIST, ORTHOPEDIC SPECIALISTS, PODIATRY, RHEUMATOLOGY, PAIN AND PHYSIATRY. THE ORGANIZATION CONTINUES TO GROW THE 2 PRIMARY CARE PRACTICES IN ITS EMPLOY, IN RESPONSE TO THE GROWING POPULATION AND ITS NEED FOR ACCESS TO PRIMARY CARE. BEHAVIORAL HEALTH IS EMBEDDED WITHIN PRIMARY CARE, PROVIDING A MUCH NEEDED COLLABORATION BETWEEN PHYSICIANS/PROVIDERS AND MENTAL HEALTH PROFESSIONALS. THE ORGANIZATION ALSO OPERATES AN URGENT CARE CLINIC WHICH PROVIDES AN ALTERNATIVE TO EMERGENCY SERVICES IN A REDUCED COST SETTING.

Program 3

Expenses: $1,214,038 Revenue: $1,148,197

THE ORGANIZATION OPERATES A MEMORY CARE FACILITY THAT PROVIDE RESIDENTIAL ACCOMMODATIONS AND LIMITED HEALTHCARE SERVICES TO THE ELDERLY AND DISABLED FOR A TOTAL BED COUNT OF 26. THE WILLOWS IS...

THE ORGANIZATION OPERATES A MEMORY CARE FACILITY THAT PROVIDE RESIDENTIAL ACCOMMODATIONS AND LIMITED HEALTHCARE SERVICES TO THE ELDERLY AND DISABLED FOR A TOTAL BED COUNT OF 26. THE WILLOWS IS DEDICATED TO RESIDENTS WITH DEMENTIA AND IS A SECURED FACILITY.

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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