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Health Ventures

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911350776 ✦ Vancouver, WA ✦ Designated as a 501(c)(3)

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Overview

What is Health Ventures?

Health Ventures is a nonprofit organization primarily established to support PeaceHealth, a 501(C)(3) entity exempt under the Internal Revenue Code. Based in Vancouver, Washington, Health Ventures operates primarily for the benefit and purposes of PeaceHealth, a healthcare system active in Washington, Oregon, and Alaska. During the tax year 2021, Health Ventures transferred a substantial sum of $2,750,000 to PeaceHealth through fund balance transfer. This collaboration strengthens the overall healthcare system's operations and services, ultimately benefiting the communities they serve.

Is Health Ventures legitimate?

Health Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Health Ventures 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Health Ventures?

Health Ventures operates primarily for the benefit and purposes of PeaceHealth, a 501(c)(3) organization recognized as a Pontifical Private Juridic Person engaged in the apostolic work of the Roman Catholic Church. Its mission is to support PeaceHealth, a non-profit corporation that operates a healthcare system in Washington, Oregon, and Alaska. The main objective of Health Ventures is to operate for the benefit of PeaceHealth. During the tax year 2021, Health Ventures transferred $2,750,000 to PeaceHealth through a fund balance transfer. In essence, Health Ventures serves to aid and contribute to the operations of PeaceHealth, which is dedicated to providing healthcare services.

Who is the CEO of Health Ventures?

Darrin Montalvo is the Bod Chair of Health Ventures. The CEO's salary of Health Ventures is $0 and their total compensation is $911,166.

What is the revenue of Health Ventures?

Health Ventures's revenue in 2022 was $11,486,989.

Who are the executives of Health Ventures and what are their salaries?


Here are 8 key members and their salaries (Health Ventures's CEO's salary is $0 and their total compensation is $911,166):


Karl Carrier (Bod Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael P Dwyer (Director/President & Ceo)
  • Compensation: $0
  • Related: $1,230,999
  • Other: $244,896
Darrin Montalvo (Director/Vp/Treasurer)
  • Compensation: $0
  • Related: $1,771,176
  • Other: $237,382
Richard Decarlo (Director)
  • Compensation: $0
  • Related: $1,923,811
  • Other: $331,220
Scott Foster Md (Director)
  • Compensation: $0
  • Related: $757,261
  • Other: $296,554
Michael C Metcalf (Chief Executive Phmg (Until 1/22))
  • Compensation: $0
  • Related: $719,303
  • Other: $230,075
Brian Shipley (Secretary)
  • Compensation: $0
  • Related: $432,050
  • Other: $69,831
John C Bennett (Former Chief Executive Ambulatory)
  • Compensation: $0
  • Related: $891,353
  • Other: $19,813
Where can I find the form 990 for Health Ventures?

Health Ventures's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Health Ventures

Health Ventures is an organization primarily established to support PeaceHealth, a non-profit entity recognized as a Pontifical Private Juridic Person engaged in the apostolic work of the Roman Catholic Church. PeaceHealth operates a healthcare system across Washington, Oregon, and Alaska. Health Ventures' mission is to operate for the benefit of PeaceHealth, and during the tax year 2021, it transferred a significant amount of $2,750,000 to PeaceHealth through a fund balance transfer. In essence, Health Ventures serves as a benefactor to PeaceHealth, contributing to its operations and upholding its mission in the healthcare sector.

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Impact




October, 2024

Health Ventures plays a critical role in enhancing healthcare delivery in the Pacific Northwest by providing substantial financial support to PeaceHealth, a prominent healthcare system operating in Washington, Oregon, and Alaska. In the tax year 2021, Health Ventures significantly impacted the community by transferring $2,750,000 to PeaceHealth, which aids in expanding services and improving patient care across the region.

The organization is dedicated to its mission of benefiting PeaceHealth, which is recognized for its commitment to delivering high-quality healthcare. By ensuring the financial sustainability of this healthcare system, Health Ventures contributes to the betterment of public health and well-being in the areas it serves. This support helps PeaceHealth maintain its standards of excellent care, engage in various community health initiatives, and respond effectively to the evolving healthcare needs of the population.




This information is meant to be a general summary of Health Ventures. 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.

Revenue
$11,486,989 (2022)
Expenses
$2,801,698 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $11,506,781
  • Gross Receipts: $11,486,989

Assets and Liabilities:

  • Total Assets: $39,771,143
  • Total Liabilities: $213,952
  • Net Assets: $39,557,191

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

THE OREGON CANCER CENTERS, LTD

Revenue

$3,873,808

SW WASHINGTON REGIONAL SURGERY CE

Revenue

$2,764,371

MOUNT BAKER IMAGING, LLC

Revenue

$2,258,856

OREGON IMAGING CENTERS

Revenue

$2,176,654

FRESENIUS KIDNEY CARE LONGVIEW

Revenue

$738,924

Organization Details

Founding Year

1986

Principal Officer

Darrin Montalvo

Main Address

1115 SE 164TH AVENUE, VANCOUVER, WA, 98683

NTEE Category

Code: E110 - Health

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