Overview
What is Spring Valley Health Care Services Inc?
Spring Valley Health Care Services Inc, situated in Spring Valley, Wisconsin, is a nonprofit organization devoted to caring for elderly and disabled individuals. Their mission is to provide charitable health and assistive services, fostering a spirit of benevolence, enabling individuals to maintain the highest possible quality of life, maximum independence, and a safe, healthy lifestyle. The organization operates a 40-bed skilled nursing facility, catering to residents in Spring Valley and surrounding areas. They offer personalized nursing care, rehabilitative services, and supportive services to aid in recovery from illness, injury, or surgery. Despite financial distress due to inadequate reimbursements from Medicare and Medicaid, they have consistently maintained a 4-star rating. The nursing facility provided 9,156 resident days during the 2021-22 fiscal year, with an occupancy rate of 63%.
Official website here: www.svhcs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Star rating)
Spring Valley Health Care Services Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. While the organization boasts a completely independent board and a good program expense ratio, it falls short in critical areas such as providing financial statements and maintaining a whistleblower policy.
The organization has made strides in governance, demonstrated by its 100% independent board members and documented board meeting minutes. However, the absence of essential policies related to conflict of interest and document retention raises red flags about its operational practices. The liabilities to assets ratio of 73.31% suggests potential financial instability, which could hinder the organization's overall effectiveness.
Overall, while Spring Valley Health Care Services shows commitment in some governance aspects, the lack of transparency in financial reporting and missing policies could impede trust and support from its stakeholders. The organization may need to address these limitations to enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Spring Valley Health Care Services Inc legitimate?
Spring Valley Health Care Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Valley Health Care Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $90,273
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,724,614
For more financial information, click here
Official website here: www.svhcs.org
What is the mission statement of Spring Valley Health Care Services Inc?
Spring Valley Health Care Services Inc's mission is centered around providing charitable health and assistive services to elderly and disabled individuals in need. The organization strives to help these individuals maintain the highest possible quality of life, ensuring their utmost independence, and promoting a reasonable safe and healthy lifestyle. Their approach is characterized by benevolence, aiming to make a significant impact on each person they serve.
Official website here: www.svhcs.org
Who is the CEO of Spring Valley Health Care Services Inc?
Kevin Larson is the President of Spring Valley Health Care Services Inc. The CEO's salary of Spring Valley Health Care Services Inc is $77,602 and their total compensation is $90,273.
Official website here: www.svhcs.org
What is the revenue of Spring Valley Health Care Services Inc?
Spring Valley Health Care Services Inc's revenue in 2022 was $3,331,884.
Official website here: www.svhcs.org
Who are the executives of Spring Valley Health Care Services Inc and what are their salaries?
The average compensation at Spring Valley Health Care Services Inc during 2022 was $13,749. There are 132 employees and 30 volunteers at Spring Valley Health Care Services Inc.
Here are 5 key members and their salaries (Spring Valley Health Care Services Inc's CEO's salary is $77,602 and their total compensation is $90,273):
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- Other: $0
- Compensation: $77,602
- Related: $0
- Other: $12,671
Official website here: www.svhcs.org
Where can I find the form 990 for Spring Valley Health Care Services Inc?
Spring Valley Health Care Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svhcs.org
Learn more at the official website: www.svhcs.org
Mission Statement of Spring Valley Health Care Services Inc
Spring Valley Health Care Services Inc is dedicated to providing charitable health and assistive services for elderly and disabled individuals who require such support. Their mission is to enable these individuals to maintain the highest possible quality of life, while promoting their independence and fostering a safe and healthy lifestyle. With a spirit of benevolence, Spring Valley Health Care Services Inc aims to deliver its programs in a manner that caters to the unique needs of each person, ensuring they can live with dignity and autonomy.
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Impact
July, 2024
Spring Valley Health Care Services Inc's impact is significant in providing health and assistive services to elderly and disabled individuals in need. Operating a 40-bed skilled nursing facility, the organization offers personalized nursing care, rehabilitative services, and supportive services to promote residents' recovery and well-being. Despite facing financial challenges due to inadequate reimbursements from Medicare and Medicaid systems, Spring Valley Health Care Services Inc has maintained a commendable 4-star rating from the US DHHS Centers for Medicare and Medicaid Services. By upholding its mission of ensuring the highest quality of life, independence, and healthy lifestyle for its residents, the organization plays a crucial role in caring for vulnerable populations in Spring Valley and its surrounding areas.
This information is meant to be a general summary of Spring Valley Health Care Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,091
- Program Service Revenue: $3,120,091
- Gross Receipts: $3,331,884
Assets and Liabilities:
- Total Assets: $2,901,413
- Total Liabilities: $1,839,063
- Net Assets: $1,062,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NURSING HOME REVENUE
Revenue
$2,620,405
ASSISTED LIVING REVENU
Revenue
$474,426
MANAGEMENT FEES
Revenue
$24,000
Organization Details
Founding Year
1970
Phone
(715) 778-5545Principal Officer
Kevin Larson
Main Address
S830 WESTLAND DRIVE, SPRING VALLEY, WI, 54767
Website
www.svhcs.orgNTEE Category
Code: E21 - Health
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