Vail Clinic Inc in Vail, Colorado (CO)

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Vail Clinic Inc
Employer Identification Number (EIN)840563230
Name of OrganizationVail Clinic Inc
In Care of NameCharles Crevling
AddressPO BOX 40000, Vail, CO 81658-7520
ActivitiesHealth clinic
SubsectionCharitable Organization
Ruling Date04/1967
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period10/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$325,547,326
Amount of Income$236,879,384
Form 990 Revenue Amount$187,317,124
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2013: $236,879,384
Vail Clinic Inc: 

 $236,879,384
Other organizations performing similar types of work: 

 $129,251,994

Assets in 2013: $325,547,326
This organization: 

 $325,547,326
Other organizations performing similar types of work: 

 $122,242,322

Expenses in 2013: $146,750,330
Vail Clinic Inc: 

 $146,750,330
Other organizations performing similar types of work: 

 $119,720,646

Income to expenses ratio in 2013: 1.6
Vail Clinic Inc: 

 1.6
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 82.2%
Vail Clinic Inc: 

 82.2%
Other organizations performing similar types of work: 

 85.7%

Number of employees in 2013: 1,047
Vail Clinic Inc: 

 1,047
Other organizations performing similar types of work: 

 1,105

Employees paid over $100,000 in 2013: 16.2%
Vail Clinic Inc: 

 16.2%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 1.3%
This organization: 

 1.3%
Other organizations performing similar types of work: 

 0.2%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?YesYes
Did the organization attach a copy of its audited financial statements?YesYes
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?YesYes
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?YesNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096196209
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return9471,047
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$5,377,302$5,289,668
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$488,705$529,069
Total number of individuals who received more than $100,000 of reportable compensation from the organization7790
Total number of independent contractors who received more than $100,000 of compensation from the organization6680
Statement of Revenue
201120122013
Total revenue$177,530,124$183,565,510$187,317,124
Contributions, Gifts, Grants and Other Similar Amounts$2,299,774$2,625,757$2,503,089
Program Service Revenue$171,288,238$175,870,220$171,407,668
Pharmacies and Drug Stores $3,859,368$3,999,754
900099$134,929,169$129,381,123
900099$21,363,235$19,442,435
900099$9,240,989$10,389,425
900099$3,911,097$5,021,369
All other program service revenue$2,566,362$3,173,562
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,834,870$2,659,880$3,473,355
Income from investment of tax-exempt bond proceeds$110,168$110,690$110,917
Royalties$0$0$0
Net rental income$747,037$874,948$842,548
Gross rents (Real / Personal)$3,517,845 / $0$4,266,833 / $0$4,387,702 / $0
Less: rental expenses (Real / Personal)$2,770,808 / $0$3,391,885 / $0$3,545,154 / $0
Rental income or (loss) (Real / Personal)$747,037 / $0$874,948 / $0$842,548 / $0
Net gain/loss from sales of assets other than inventory$1,280,058$1,511,496$8,984,737
Gross amount from sales of assets other than inventory (Securities / Other)$6,240,618 / $51,608$9,138,746 / $80,445$54,638,397 / $109,343
Less: cost or other basis and sales expenses (Securities / Other)$4,980,997 / $31,171$7,561,560 / $146,135$45,656,234 / $106,769
Gain or (loss) (Securities / Other)$1,259,621 / $20,437$1,577,186 / $-65,690$8,982,163 / $2,574
Net income/loss from fundraising events$-30,021$-87,481$-5,190
Gross income from fundraising events$151,100$147,514$248,913
Less: direct expenses$181,121$234,995$254,103
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$142,388,085$143,281,896$146,750,330
Grants and other assistance to domestic organizations and domestic governments$4,846,121$5,246,406
Grants and other assistance to domestic individuals$100$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,732,722$3,103,212$2,463,454
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$40,514,841$39,204,041$47,300,186
Pension plan accruals and contributions$1,504,360$2,211,119
Other employee benefits$2,839,375$4,277,949
Payroll taxes$3,481,557$3,430,521$4,036,486
Fees for services (non-employees)
Management$0$0
Legal$640,228$308,361
Accounting$123,579$122,142
Lobbying$5,747$6,035
Professional fundraising services$0$0$0
Investment management fees$475,193$667,999
Other$29,490,518$19,113,461
Advertising and promotion$1,049,181$958,946
Office expenses$2,933,572$3,523,567
Information technology$627,986$465,684
Royalties$0$0
Occupancy$2,516,044$2,666,242
Travel$190,966$216,652
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$149,374$203,151
Interest$1,767,487$981,108
Payments to affiliates$0$0
Depreciation, depletion, and amortization$12,208,715$12,770,253
Insurance$703,807$732,840
Other expenses$23,674,039$25,349,050
Other expenses$6,933,859$8,129,031
Other expenses$3,448,772$4,515,397
Other expenses$270,333$293,353
Other expenses$1,144,766$191,458
Balance Sheet
201120122013
Total assets$259,480,611$297,968,983$325,547,326
Cash - non-interest-bearing$6,885$7,000
Savings and temporary cash investments$30,980,775$21,246,428
Pledges and grants receivable, net$367,702$230,000
Accounts receivable, net$19,249,308$21,995,689
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$389,000$389,000
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$264,349$0
Inventories for sale or use$6,536,405$7,123,255
Prepaid expenses and deferred charges$2,193,992$2,914,049
Land, buildings, and equipment: cost or other basis$100,714,414$104,082,746
Investments - publicly traded securities$29,104,461$48,168,487
Investments - other securities$91,508,793$103,058,938
Investments - program-related$13,143,165$13,516,417
Intangible assets$0$0
Other assets$3,509,734$2,815,317
Total liabilities$60,508,000$57,872,506$44,676,501
Accounts payable and accrued expenses$23,185,248$19,427,093
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$35,140,000$27,752,899$24,171,474
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$6,058,261$6,880,528$1,037,315
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$53,831$40,619
Total net assets or fund balances$198,972,611$240,096,477$280,870,825
Unrestricted net assets$231,772,876$272,093,548
Temporarily restricted net assets$5,382,565$5,836,241
Permanently restricted net assets$2,941,036$2,941,036
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$72,668,359$73,507,667$83,027,865$91,995,698$113,237,549$127,749,037$148,996,176$153,009,919
Contributions, gifts, grants, and similar amounts received$7,125,893$1,995,173$2,745,420$1,411,951$777,470$554,585$5,506,814$826,996
Contributions to donor advised funds$0$0
Direct public support$7,005,181$1,940,673$11,491$17,870$41,302$30$33$80,382
Indirect public support$102,712$23,000$2,696,137$1,384,081$726,835$439,041$5,313,681$543,349
Government contributions (grants)$18,000$31,500$37,792$10,000$9,333$115,514$193,100$203,265
Program service revenue including government fees and contracts$63,139,520$70,203,910$79,826,064$86,726,477$105,405,298$121,404,285$135,806,120$154,254,546
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,248,389$772,002$556,582$472,282$103,445$100,956$129,696$0
Dividends and interest from securities$0$0$0$114,120$1,097,202$1,555,625$1,491,305$1,077,430
Net rental income or (loss)$0$0$0$2,525,888$2,710,467$3,454,694$3,439,883$-2,513,370
Gross rents$0$0$0$2,525,888$2,710,467$3,454,694$3,439,883$3,895,191
Less: rental expenses$0$0$0$0$0$0$0$6,408,561
Other investment income$307,069$303,217$199,729$-25,726$370,745$0$0$0
Gain or (loss) from sales of assets other than inventory$847,488$233,363$-299,930$-718,295$32,011$144,421$1,969,997$-1,309,739
Gross amount from sales of assets other than inventory$1,064,107$235,985$13,551$135,381$1,732,886$997,073$2,024,592$4,576,356
Less: cost or other basis and sales expenses$216,619$2,622$313,482$853,676$1,700,875$852,652$54,595$5,886,095
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$2$0$1,489,001$2,740,911$534,471$652,361$674,056
Total expenses$60,067,594$69,945,362$77,877,306$87,282,612$99,562,436$114,455,701$132,430,845$157,842,280
Program services$51,286,349$59,885,626$66,584,630$72,544,166$84,573,580$97,651,109$102,768,918$129,775,965
Management and general$8,766,441$10,047,303$10,985,842$14,314,221$14,353,168$16,261,725$29,204,449$27,533,772
Fundraising$14,804$12,433$306,834$424,225$635,688$542,867$457,478$532,543
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$61,974,274$63,175,781$67,379,219$72,559,085$88,914,320$104,460,882$119,246,591$108,725,170
Excess or (deficit) for the year$12,600,765$3,562,305$5,150,559$4,713,086$13,675,113$13,293,336$16,565,331$-4,832,361
Net assets or fund balances at beginning of year$43,396,839$61,974,274$63,175,781$67,379,219$72,559,085$88,914,320$104,460,882$119,246,591
Other changes in net assets or fund balances$5,976,670$-2,360,798$-947,121$466,780$2,680,122$2,253,226$-1,779,622$-5,689,060
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$157,842,280$129,775,965$27,533,772$532,543
Grants paid from donor advised funds$0
Other grants and allocations$1,448,611
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,997,000$1,522,270$461,527$13,203
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$45,043,798$34,764,774$9,970,284$308,740
Pension plan contributions not included above$728,430$554,438$169,153$4,839
Employee benefits not included above$3,634,010$2,868,673$737,880$27,457
Payroll taxes$3,188,555$2,426,940$740,433$21,182
Professional fundraising fees$153,285$69,175$59,055$25,055
Accounting fees$3,569,631$576,674$2,992,957$0
Legal fees$748,337$0$748,337$0
Supplies$23,540,676$22,625,901$888,332$26,443
Telephone$806,251$198,833$604,976$2,442
Postage and shipping$56,742$16,267$39,260$1,215
Occupancy$3,158,672$1,488,778$1,669,894$0
Equipment rental and maintenance$5,714,696$3,303,868$2,406,383$4,445
Printing and publications$1,776,725$214,899$1,561,605$221
Travel$358,003$242,832$110,792$4,379
Conferences, conventions, and meetings$206,928$109,832$82,482$14,614
Interest$2,672,322$1,550,084$1,116,249$5,989
Depreciation, depletion, etc.$8,686,029$5,827,281$2,802,250$56,498
Other expenses not covered above$50,353,579$49,965,835$371,923$15,821
Balance Sheets
20002001200220032004200520062007
Total assets$118,467,481$118,134,830$122,379,291$134,808,439$154,693,034$167,468,732$183,336,475$175,550,318
Cash - non-interest-bearing$0$0$0$7,563$7,562$7,623$5,635$6,535
Savings and temporary cash investments$24,330,231$21,713,023$26,107,589$30,086,156$40,514,254$36,380,680$36,601,718$20,918,092
Accounts receivable less allowance for doubtful accounts$10,270,239$9,627,514$10,607,027$11,865,801$17,558,871$22,534,926$29,999,747$20,392,839
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$400,000$704,347$864,544$864,140
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$1,052,878$0$0$41,204$594,101$938,614$1,609,789$5,344,064
Inventories for sale or use$1,569,308$1,721,323$2,253,558$2,104,981$2,633,520$2,813,097$3,295,305$4,186,268
Prepaid expenses and deferred charges$1,645,928$1,883,549$2,040,903$2,069,987$2,093,126$2,548,029$2,776,424$1,879,599
Investments - publicly-traded securities$0$14,465,546
Investments - other securities$1,580,656$0$0$0$0$5,166,207$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$26,380,480$20,362,120$16,061,023$18,949,336$21,259,647$10,373,680$6,496,093$10,979,680
Land, buildings, and equipment less accumulated depreciation$51,232,525$62,278,917$61,724,656$68,600,406$69,395,388$80,061,740$86,125,734$85,302,843
Other assets, including program-related investments$405,236$548,384$3,584,535$1,083,005$236,565$5,939,789$15,561,486$11,210,712
Total liabilities$56,493,207$54,959,049$55,000,072$62,249,354$65,778,714$63,007,850$64,089,884$66,825,148
Accounts payable and accrued expenses$7,758,207$6,931,315$6,140,649$7,115,957$8,456,565$11,691,135$13,842,206$15,001,931
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$48,735,000$47,900,000$46,915,000$45,880,000$48,580,000$43,915,000$42,625,000$41,310,000
Mortgages and other notes payable$0$127,734$1,944,423$9,253,397$8,742,149$7,401,715$7,622,678$7,257,865
Other liabilities$0$0$0$0$0$0$0$3,255,352
Total liabilities and net assets/fund balances$118,467,481$118,134,830$122,379,291$134,808,439$154,693,034$167,468,732$183,336,475$175,550,318
Total net assets or fund balances$61,974,274$63,175,781$67,379,219$72,559,085$88,914,320$104,460,882$119,246,591$108,725,170
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$72,668,360$73,507,667$83,004,121$91,995,698$113,237,549$127,749,037$148,996,176$153,009,919
Total revenue, gains, and other support per audited financial statements$63,446,589$70,507,130$80,157,359$90,601,048$112,655,097$126,551,795$143,744,740$152,736,771
Other expenses$0$0$0$13,925$485,023$142,017$168,345$719,500
Net unrealized gains on investments$0$0$0$0$0$0$0$-6,855,396
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$13,925$485,023$142,017$168,345$7,574,896
Other revenue$9,221,771$3,000,537$2,846,762$1,408,575$1,067,475$1,339,259$5,419,781$992,648
Investment expenses$0$0$0$0$0$0$0$0
Other$9,221,771$3,000,537$2,846,762$1,408,575$1,067,475$1,339,259$5,419,781$992,648
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$60,067,594$69,945,342$77,877,306$87,282,612$99,562,436$114,455,701$132,430,845$157,842,280
Total expenses and losses per audited financial statements$60,004,210$69,869,080$77,783,673$87,199,303$99,479,173$114,361,928$132,291,843$163,258,193
Other revenue$0$0$0$0$0$0$0$6,408,561
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$6,408,561
Other expenses$63,384$76,262$93,633$83,309$83,263$93,773$139,002$992,648
Investment expenses$0$0$0$0$0$0$0$0
Other$63,384$76,262$93,633$83,309$83,263$93,773$139,002$992,648
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$522,276$762,983$0
40$306,920$141,814$0
40$190,447$23,001$0
2$47,906$1,653$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006781
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$4,800,346$-2,912,560$150,295,137
Program service revenue
Program service revenue 1000000$000$0$126,123,355
Program service revenue 2000000$000$0$10,768,725
Program service revenue 3Pharmacies and drug stores$4,068,28900$0$0
Program service revenue 4000000$000$0$3,328,581
Program service revenue 5Medical and diagnostic laboratories$81,196Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$483,980$0
Pharmacies and drug stores$4,068,289$0$0
Medical and diagnostic laboratories$81,196$0$0
$0$0$126,123,355
$0$0$3,328,581
$0$0$10,768,725
$03$483,980$0
Medicare/Medicaid payments000000$000$0$9,400,420
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,077,430$0
Net rental income or (loss) from real estate
debt-financed propertyLessors of nonresidential buildings (except miniwarehouses)$-252,90000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$-3,164,231$0
Net rental income or (loss) from personal propertyRental of personal property$903,76100$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-1,309,739$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$674,056
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
03041996750%$21,325,612$6,485,140
84154673450%$29,385$1,036,380
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$558,344$5,575$0
$507,226$14,414$0
$407,121$6,437$0
$357,245$16,145$0
$270,329$18,854$0
Total number of other employees paid over $50,000387
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$7,219
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$2,750,664$333,700$1,916,964
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$3,013,309$0$0
Gross profit$1,136,176$0$1,136,176
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$903,760$460,452$443,308
Unrelated debt-financed income$710,728$373,248$337,480
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$1,915,613
Compensation of officers, directors, and trustees$0
Salaries and wages$883,968
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$61,297
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$150,367
Excess exempt expenses$0
Excess readership costs$0
Other deductions$817,523
Unrelated business taxable income$-1,419,863
Unrelated business taxable income before net operating loss deduction$1,351
Net operating loss deduction$1,421,214
Unrelated business taxable income before specific deduction$-1,419,863
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Catholic Health Initiatives Colorado, St Anthony North Hospital3025 S Parker Road Suite 510, Aurora, CO 80014-2911CO1946-03$1,621,612,108
2Portercare Adventist Health System, Dba Parker Adventist Hospital3025 S Parker Road Suite 510, Aurora, CO 80014-2911CO1931-09$980,380,702
3Poudre Valley Health Care Inc2315 E Harmony Rd Ste 200, Fort Collins, CO 80528-8620CO1995-02$833,047,994
4Boulder Community Health, Boulder Community HospitalPO BOX 9109, Boulder, CO 80301CO1939-07$722,557,596
5Tufts Medical Center Parent Inc, Group Return800 Washington Street Box 468, Boston, MA 02111-1552MA2008-05$718,450,671
6Scl Health - Front Range Inc2480 West 26th Ave Sute 200 B, Denver, CO 80211CO1999-02$681,900,699
7Saint Joseph Hospital1835 Franklin St, Denver, CO 80218-1126CO1946-03$497,536,222
8St Vincent Healthcare2480 W 26th Ave Ste 200b, Denver, CO 80211-5326CO1946-03$429,234,108
9St Marys Hospital And Medical Center Inc2480 W 26th Ave Ste 200b, Denver, CO 80211-5326CO1946-03$413,767,780
10Parkview Medical Center Inc400 W 16th St, Pueblo, CO 81003-2745CO1984-03$357,232,031
11Sjrmc Joplin Missouri198 Inverness Dr W, Englewood, CO 80112-5202CO1979-02$273,177,806
12Syracuse Community Health Center Inc819 S Salina St, Syracuse, NY 13202-3527NY1992-09$24,912,238
13Wenatchee Valley Hospital820 N Chelan Ave, Wenatchee, WA 98801-2028WA2014-06$119,952,304
14Weeks Medical Center173 Middle St, Lancaster, NH 03584-3508NH1946-12$44,728,107
15Indiana University Health Morgan Hospital Inc2209 John R Wooden R Drive, Martinsville, IN 46151IN2011-09$39,950,032
16Steward St Elizabeths Medical Center Of Boston Inc30 Perwal St, Westwood, MA 02090-1928MA1946-03$24,402,508
17St Lukes Jerome Ltd190 E Bannock St, Boise, ID 83712-6241ID2014-05$18,622,834
18Dimmit Regional HospitalPO BOX 1016, Carrizo Spgs, TX 78834-7016TX2014-08$18,383,438
19Jones County Regional Healthcare System1601 Columbia St, Stamford, TX 79553-6863TX2014-09$10,742,038
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Number of organizations performing similar types of work
Alaska3
Alabama19
Arkansas22
Arizona15
California112
Colorado25
Connecticut29
District of Columbia2
Delaware6
Florida53
Georgia52
Hawaii5
Iowa27
Idaho9
Illinois104
Indiana48
Kansas25
Kentucky32
Louisiana22
Massachusetts44
Maryland41
Maine19
Michigan58
Minnesota34
Missouri50
Mississippi19
Montana11
North Carolina47
North Dakota12
Nebraska20
New Hampshire21
New Jersey50
New Mexico7
Nevada4
New York130
Ohio96
Oklahoma17
Oregon24
Pennsylvania131
Rhode Island10
South Carolina15
South Dakota9
Tennessee25
Texas57
Virginia37
Vermont8
Washington22
Wisconsin67
West Virginia24
International10
Total1,729

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