VALLEY HOSPITAL ASSOCIATION INC DBA MAT-SU HEALTH FOUNDATION

EIN: 920019395 501(c)(3) Health Care

WASILLA, AK

Total Revenue
$59,626,200
Total Expenses
$26,660,762
Total Assets
$398,343,020
Net Assets
$389,279,321
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
AK
Principal Officer
ELIZABETH RIPLEY
Phone
9073522863
Tax Period
2023-01-01 to 2023-12-31

VALLEY HOSPITAL ASSOCIATION INC DBA MAT-SU HEALTH FOUNDATION, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $59.6M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $33.0M, a strong 55% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE IS THE PROVISION OF MEDICAL SERVICES TO AREA RESIDENTS THROUGH A PARTNERSHIP WITH THE MAT-SU VALLEY MEDICAL CENTER AND GRANTS TO COMMUNITY ORGANIZATIONS.

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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 $1,300,686
Program Service Revenue $50,357,278
Investment Income $6,605,248
Other Revenue $1,362,988
TOTAL REVENUE $59,626,200

Expense Breakdown

Grants Paid $17,289,795
Salaries & Benefits $4,141,787
Fundraising Expenses $0
Program Expenses $22,068,212
Other Expenses $5,229,180
TOTAL EXPENSES $26,660,762

Year-over-Year Comparison

2023 2022 Change
Revenue $59,626,200 $72,860,061 -0.2%
Expenses $26,660,762 $25,131,404 +0.1%
Net Income $32,965,438 $47,728,657 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
34
Volunteers
14

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
6
$619,609
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH RIPLEY CHIEF EXECUTIVE OFFICER 40.00
Officer
$308,950 $12,088 $321,038
ROBIN MINARD CHIEF COMMUNICATIONS OFFICER 40.00
Highest
$153,875 $36,672 $190,547
JAMES BECK SENIOR PROGRAM OFFICER 40.00
Highest
$165,067 $20,553 $185,620
VANDANA INGLE SENIOR PROGRAM OFFICER 40.00
Highest
$123,087 $45,458 $168,545
ELIZABETH LARSON PROGRAM DIRECTOR 40.00
Highest
$119,279 $44,263 $163,542
WILLIAM BILL FINLEY CHIEF FINANCIAL OFFICER 40.00
Officer
$138,823 $18,771 $157,594
RAY MICHAELSON PROGRAM OFFICER 40.00
Highest
$134,681 $19,343 $154,024
EVIE SHIELDS CONTROLLER 40.00
Officer
$135,547 $5,430 $140,977
LEBRON MCPHAIL CHAIR 1.00
Officer Director
$0 $0 $0
LISA WADE VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
TERI NAMTVEDT SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
TAMMY BRUCE DIRECTOR 1.00
Director
$0 $0 $0
MARISA CHUD DIRECTOR 1.00
Director
$0 $0 $0
RAELYNN DANIELOWSKI DIRECTOR 1.00
Director
$0 $0 $0
DR BARB DOTY DIRECTOR 1.00
Director
$0 $0 $0
GREG JONES DIRECTOR 1.00
Director
$0 $0 $0
KEITH KEHOE DIRECTOR 1.00
Director
$0 $0 $0
SAMMYE POKRYFKI DIRECTOR 1.00
Director
$0 $0 $0
LISA SMAYDA DIRECTOR 1.00
Director
$0 $0 $0
HILARY STARK DIRECTOR 1.00
Director
$0 $0 $0
DAVID ELLER DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM ROSS NEWCOMBE DIRECTOR 1.00
Director
$0 $0 $0
RICHARD PORTER DIRECTOR (THRU 5/23) 1.00
Director
$0 $0 $0
PHILIP LICHT DIRECTOR (THRU 5/23) 1.00
Director
$0 $0 $0
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 $59,626,200 $26,660,762 $398,343,020 $32,965,438
2023 $59,626,200 $26,660,762 $398,343,020 $32,965,438
2022 No data No data No data No data
2022 $72,860,061 $25,131,404 $341,754,733 $47,728,657
2021 $60,449,303 $22,399,587 $330,090,362 $38,049,716
2021 $60,449,303 $22,399,587 $330,090,362 $38,049,716
2020 $43,247,666 $22,602,555 $276,307,816 $20,645,111
2019 $33,758,869 $17,893,985 $254,462,013 $15,864,884
2018 $19,394,980 $13,325,501 $228,151,998 $6,069,479
2018 $34,998,694 $13,265,356 $228,151,998 $21,733,338
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