VALLEY MENTAL HEALTH INCORPORATED

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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

1984

Legal Domicile

Principal Officer

SPENCER SEAQUIST

Phone

8012637100

Tax Period

2023-01-01 to 2023-12-31

VALLEY MENTAL HEALTH INCORPORATED, founded in 1984, is a mid-sized nonprofit in the Mental Health sector that reported $73.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

TO PROVIDE AND ADMINISTER MENTAL HEALTH AND ALCOHOL AND DRUG ABUSE SERVICES FOR THE SALT LAKE, SUMMIT, AND TOOELE COUNTY, UTAH AREAS.

Program Service Accomplishments

Program 1

Expenses: $14,811,235 Revenue: $2,220,357

ADULT SERVICES - PROVIDES OUTPATIENT AND INPATIENT SERVICES FOR MENTALLY ILL ADULTS

Program 2

Expenses: $11,387,451 Revenue: $882,269

HOUSING - PROVIDES HOUSING AND RELATED SERVICES TO MENTALLY ILL, LOW-INCOME OR OTHER AT-RISK GROUPS.

Program 3

Expenses: $7,352,519 Revenue: $938,434

INTELLECTUAL OR DEVELOPMENTAL DISABILITIES IS FOCUSED ON THOSE IN THE AUTISM SPECTRUM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $66,079,584

Program Service Revenue $7,194,588

Investment Income $-6,158

Other Revenue $562,254

TOTAL REVENUE $73,830,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,799,779

Fundraising Expenses $352,022

Program Expenses $63,127,769

Other Expenses $36,423,409

TOTAL EXPENSES $78,223,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,830,268	$77,833,445	-0.1%
Expenses	$78,223,188	$78,195,244	+0.0%
Net Income	$-4,392,920	$-361,799	+11.1%

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

958

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

$1,474,155

Total Directors

$380,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACY WEIGHT	BOARD CHAIR	1.00	Director	$0	$0	$0
STAN BEAGLEY	BOARD SECRETARY	1.00	Director	$0	$0	$0
JOHN HANSHAW	BOARD CHAIR	1.00	Director	$0	$0	$0
KENNETH WOOLLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSS ELBEL	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMERON MCBRIDE	BOARD SECRETARY	1.00	Director	$0	$0	$0
LORENA RIFFO-JENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNETTE HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED SANFORD	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$344,147	$36,285	$380,432
B TODD THATCHER	VP - MEDICAL SERVICES	40.00	Officer	$351,247	$36,403	$387,650
SPENCER SEAQUIST	CHIEF FINANCIAL OFFICER	40.00	Officer	$186,556	$29,544	$216,100
JULIE RAEL	CHIEF CLINICAL OFFICER	40.00	Officer	$102,354	$19,866	$122,220
STEVE HAVERTZ	VP - ADULT SERVICES	40.00	Officer	$136,572	$27,039	$163,611
JULIE WINN	VP - CHILD/FAMILY/IDD SERV	40.00	Officer	$136,833	$6,169	$143,002
RUSSELL OPATZ	VP - HOUSING/SUPPORT SERVICES	40.00	Officer	$53,847	$7,293	$61,140

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	$73,830,268	$78,223,188	$61,007,084	$-4,392,920
2022	$77,833,445	$78,195,244	$60,247,434	$-361,799
2021	$71,897,709	$73,784,557	$59,629,146	$-1,886,848
2020	$78,430,767	$69,879,713	$62,349,560	$8,551,054
2019	$67,384,214	$63,836,277	$53,526,154	$3,547,937
2018	$53,546,551	$55,049,485	$55,019,459	$-1,502,934