Overview
What is Lower Valley Hospital Association?
The Lower Valley Hospital Association is a nonprofit organization based in Fruita, Colorado. They operate a 25-bed Swing and Acute Care Critical Access Hospital, participating in both Medicare and Medicaid programs. Their mission is to address the healthcare needs of the greater Fruita community, offering services regardless of race, age, disability, creed, or national origin. They provide healthcare to individuals of all income levels, consistent with their financial ability. The hospital offers various programs like Labs for the Good Samaritan Program, Rock Steady Boxing, and the Senior Step On Program for the community. In 2022, they administered COVID vaccines to community partners at no cost.
Official website here: www.fhw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Lower Valley Hospital Association has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization boasts a high percentage of independent board members, which enhances its governance structure. Furthermore, it has effectively implemented essential policies such as conflict of interest and whistleblower protections, scoring full points in these areas.
Financially, the organization demonstrates strong program expense efficiency with an impressive program expense ratio of 84.12%, suggesting that a significant portion of its resources is directed towards its programs. Additionally, the organization has no reported material diversion of assets, which speaks to its integrity in financial management.
However, Lower Valley Hospital Association faces a concern with its liabilities to assets ratio, scoring 0 out of 15 points in this metric. This indicates potential financial risk, suggesting that while the organization is currently stable, close attention to its liabilities is advisable to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lower Valley Hospital Association legitimate?
Lower Valley Hospital Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower Valley Hospital Association 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: $1,700,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,263,985
For more financial information, click here
Official website here: www.fhw.org
What is the mission statement of Lower Valley Hospital Association?
The Lower Valley Hospital Association is committed to addressing the healthcare needs of the wider community, providing essential services irrespective of race, age, disability, creed, or national origin. Consistent with their financial capabilities, they offer healthcare services to individuals of all income levels. The association operates a 25-bed swing and acute care critical access hospital, participating in Medicare and Medicaid programs while also offering charity care and other forms of assistance to ensure equitable access to healthcare. In 2022, they administered COVID vaccines to community partners at no cost. The hospital offers various programs, such as lab services for the Good Samaritan Program, Rock Steady Boxing, and the Senior Step On Program, aimed at enhancing community health and well-being.
Official website here: www.fhw.org
Who is the CEO of Lower Valley Hospital Association?
Korrey Klein Md is the Physician of Lower Valley Hospital Association. The CEO's salary of Lower Valley Hospital Association is $357,374 and their total compensation is $400,546.
Official website here: www.fhw.org
What is the revenue of Lower Valley Hospital Association?
Lower Valley Hospital Association's revenue in 2022 was $79,890,942.
Official website here: www.fhw.org
Who are the executives of Lower Valley Hospital Association and what are their salaries?
The average compensation at Lower Valley Hospital Association during 2022 was $50,218. There are 756 employees and 13 volunteers at Lower Valley Hospital Association.
Here are 21 key members and their salaries (Lower Valley Hospital Association's CEO's salary is $357,374 and their total compensation is $400,546):
- Compensation: $583,658
- Related: $0
- Other: $38,168
- Compensation: $573,983
- Related: $0
- Other: $38,180
- Compensation: $562,411
- Related: $0
- Other: $34,630
- Compensation: $357,374
- Related: $0
- Other: $43,172
- Compensation: $350,779
- Related: $0
- Other: $34,841
- Compensation: $308,080
- Related: $0
- Other: $12,251
- Compensation: $239,703
- Related: $0
- Other: $32,982
- Compensation: $221,539
- Related: $0
- Other: $41,945
- Compensation: $225,265
- Related: $0
- Other: $23,857
- Compensation: $207,211
- Related: $0
- Other: $24,581
- Compensation: $127,977
- Related: $0
- Other: $5,551
- Compensation: $65,210
- Related: $0
- Other: $15,567
- Compensation: $66,846
- Related: $0
- Other: $1,775
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fhw.org
Where can I find the form 990 for Lower Valley Hospital Association?
Lower Valley Hospital Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fhw.org
Learn more at the official website: www.fhw.org
Mission Statement of Lower Valley Hospital Association
Lower Valley Hospital Association, a dedicated nonprofit organization, strives to attend to the healthcare needs of the greater community in a manner that is inclusive and indiscriminate of race, age, disability, creed, or national origin. The Association's mission is twofold: first, to provide essential healthcare services, and second, to ensure these services are accessible to individuals of all income levels, consistent with their financial capabilities.
The Lower Valley Hospital Association runs a 25-bed Swing and Acute Care Critical Access Hospital. This hospital participates in both the Medicare and Medicaid programs, extending a helping hand to those in need by providing charity care and other forms of assistance. With 53% of its hospital services covered by Medicare, the Association caters to a diverse population. Furthermore, it offers various community programs, such as the Good Samaritan Program, Rock Steady Boxing, and the Senior Step On Program.
In alignment with its mission, the Lower Valley Hospital Association has been actively addressing the healthcare needs of its community. In 2022, it played a pivotal role in administering COVID-19 vaccines to community partners at no cost. This selfless act not only demonstrates the Association's commitment to public health but also underscores its unwavering resolve to ensure equitable access to essential services for all.
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Impact
October, 2024
Lower Valley Hospital Association plays a critical role in addressing the healthcare needs of the greater Fruita community by providing essential healthcare services to individuals irrespective of their race, age, handicap, creed, or national origin. Operating a 25-bed swing and acute care critical access hospital, it focuses on delivering quality care to all income levels, ensuring that financial circumstances do not prevent access to necessary medical services.
A significant portion of the hospital's patient base relies on Medicare and Medicaid programs, reflecting its commitment to serving the community's diverse populations. Lower Valley Hospital offers a range of services, including comprehensive support programs such as the Good Samaritan Program, Rock Steady Boxing, and the Senior Step On Program, which cater to the unique health needs of different community segments.
In response to public health needs, the hospital also administered COVID vaccines to community partners at no cost in 2022, demonstrating its dedication to public health and wellness. Through charity care and assistance initiatives, Lower Valley Hospital aims to fill gaps in healthcare access, fostering a healthier community overall.
This information is meant to be a general summary of Lower Valley Hospital Association. 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: -$137,388
- Program Service Revenue: $78,902,508
- Gross Receipts: $81,417,960
Assets and Liabilities:
- Total Assets: $62,606,343
- Total Liabilities: $51,272,925
- Net Assets: $11,333,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOSPITAL REVENUE
Revenue
$65,233,313
PHYSICIAN CLINICS
Revenue
$12,245,565
ASSISTED LIVING
Revenue
$1,303,438
Organization Details
Founding Year
1946
Phone
(970) 858-2228Principal Officer
Korrey Klein Md
Main Address
228 N CHERRY STREET PO BOX 130, FRUITA, CO, 81521
Website
www.fhw.orgNTEE Category
Code: E21Z - Health
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