SUMMIT HEALTHCARE ASSOCIATION

EIN: 860320447 501(c)(3) Health Care

SHOW LOW, AZ

Total Revenue
$290,900,390
Total Expenses
$284,527,293
Total Assets
$276,520,074
Net Assets
$162,180,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
AZ
Phone
9285374375
Tax Period
2023-01-01 to 2023-12-31

SUMMIT HEALTHCARE ASSOCIATION, founded in 1976, is a major nonprofit in the Health Care sector that reported $290.9M in total revenue in fiscal year 2023.

Mission

TRUSTED TO DELIVER EXCEPTIONAL, COMPASSIONATE CARE CLOSE TO HOME. SUMMIT HEALTHCARE CONTINUES TO PROMOTE HEALTH AND WELLNESS TO THE COMMUNITIES WE SERVE. WE INVEST IN STATE-OF-THE-ART EQUIPMENT TO HELP OUR PATIENTS REACH THEIR HEALTH CARE GOALS AND RETURN TO A HEALTHY, ACTIVE LIFESTYLE.

Program Service Accomplishments

Program 1
Expenses: $228,233,050 Revenue: $286,014,951

Summit Healthcare is a licensed 101 Bed not-for-profit Rural Sole Community Hospital. Summit Healthcare is committed to provide exceptional compassionate care to the communities we serve. Summit...

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Summit Healthcare is a licensed 101 Bed not-for-profit Rural Sole Community Hospital. Summit Healthcare is committed to provide exceptional compassionate care to the communities we serve. Summit Healthcare's array of services include a 24 bed emergency department which is pediatric certified, a cardiac and vascular Cath lab, diagnostic imaging which includes MRI, CT, Mammography, Nuclear Medicine, X Ray, Ultrasound and Pet/CT, Home Health Services, IV Therapy, Cancer Center with Medical and Radiation Oncology, Women's and Infant Services, Level II Nursery, Therapy Services with Children's Therapy, Occupational Health Therapy, Physical Therapy and Speech Therapy, Pain Medicine, Surgical Services, Telemedicine, Wound Care and Hyperbarics, 12 bed Geropsych Unit and much more. We opened an urgent care clinic on the first floor of our MOB. In FY2023, At the main hospital we treated 132,509 patients. In our Medical Group Clinic locations, we saw 188,868 patients. In 2022 we converted four of our outlying clinics to Rural Health Clinics to better serve those communities in Snowflake/Taylor, Eager/Springerville, and St. Johns. We continued to work with our community to identify new ways the serve them. We were awarded a grant which allowed us to better assist our patients with opioid and substance abuse by adding peer support services and implementing a naloxone distribution program within the community. In 2023 we expanded our opioid and substance abuse program to include pregnant women and their families. Our clinically integrated network assisted our chronically ill patients by reaching out to them and assisting them with the management of their specific disease. Summit Healthcare is committed to serving the needs of the community of the White Mountains.

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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 $1,857,145
Program Service Revenue $285,954,951
Investment Income $1,356,893
Other Revenue $1,731,401
TOTAL REVENUE $290,900,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $113,425,395
Fundraising Expenses $0
Program Expenses $228,233,050
Other Expenses $171,101,898
TOTAL EXPENSES $284,527,293

Year-over-Year Comparison

2023 2022 Change
Revenue $290,900,390 $284,003,833 +0.0%
Expenses $284,527,293 $275,595,272 +0.0%
Net Income $6,373,097 $8,408,561 -0.2%
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
6
Independent Members
4
Employees
1524
Volunteers
30

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
9
$2,058,300
Total Directors
7
$1,585,018
Key Employees
4
$3,627,370
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY 4.0
Officer Director
$7,144 $0 $7,144
N/A VICE CHAIR/Finance Chair 4.0
Officer Director
$14,400 $0 $14,400
N/A BOARD CHAIRMAN/Interim CEO 15.0
Officer Director
$83,980 $0 $83,980
N/A Chief of Staff/Director 60.0
Director
$419,051 $42,223 $461,274
N/A DIRECTOR 60.0
Director
$663,256 $51,495 $714,751
N/A DIRECTOR 4.0
Director
$13,200 $0 $13,200
N/A CHIEF OF STAFF/DIRECTOR END: 06/23 40.0
Director
$270,060 $20,209 $290,269
N/A CCO 40.0
Officer
$211,388 $13,489 $224,877
N/A CFO 40.0
Officer
$335,639 $34,811 $370,450
N/A CIO 40.0
Officer
$222,972 $33,780 $256,752
N/A CEO START: 11/23 40.0
Officer
$105,769 $0 $105,769
N/A COO 40.0
Officer
$339,764 $31,380 $371,144
N/A CEO END: 03/23 40.0
Officer
$592,572 $31,212 $623,784
N/A PHYSICIAN 40.0
Key Emp
$1,246,076 $46,275 $1,292,351
N/A PHYSICIAN 40.0
Key Emp
$766,082 $44,157 $810,239
N/A PHYSICIAN END: 02/23 40.0
Key Emp
$195,374 $5,410 $200,784
N/A PHYSICIAN 40.0
Key Emp
$1,314,406 $9,590 $1,323,996
N/A Physician 40.0
Highest
$824,668 $41,799 $866,467
N/A PHYSICIAN 40.0
Highest
$812,864 $47,685 $860,549
N/A PHYSICIAN 40.0
Highest
$853,861 $35,785 $889,646
N/A PHYSICIAN 40.0
Highest
$732,919 $18,393 $751,312
N/A Physician 40.0
Highest
$696,835 $53,480 $750,315
N/A Former Physician SERVICES Officer END: 12/22 40.0
$111,992 $1,412 $113,404
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 $290,900,390 $284,527,293 $276,520,074 $6,373,097
2022 $284,003,833 $275,595,272 $280,929,746 $8,408,561
2021 $258,306,139 $253,131,563 $298,424,920 $5,174,576
2020 $214,797,668 $215,731,049 $295,477,019 $-933,381
2019 $206,027,947 $211,841,700 $308,568,197 $-5,813,753
2018 $197,827,617 $187,428,553 $263,740,862 $10,399,064
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