Vail Clinic INC

Tax-deductible

Vail, CO501(c)(3)Since 1965HospitalsEIN 84-0563230

Elevating health across our mountain communities.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 99 volunteers and 1,639 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $4.0M a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9.1M
to officers and key staff · 2% of spending
Top officer’s pay higher than 65% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$226.6M
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 16 voting members
Looks good: 12 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$389.3M
+0.3% vs prior year
Spent
$410.1M
To programs
76%
Net assets
$626.7M
By yearFY2020–FY2024
Revenue
$389.3M
FY2024+0.3%
Revenue by fiscal year
FY2020$284.6M
FY2021$367.7M
FY2022$342.9M
FY2023$388.2M
FY2024$389.3M
Expenses
$410.1M
FY2024▲ +1%
Expenses by fiscal year
FY2020$272.8M
FY2021$303.6M
FY2022$360.6M
FY2023$405.7M
FY2024$410.1M
Net assets
$626.7M
FY2024▲ +4%
Net assets by fiscal year
FY2020$624.9M
FY2021$685.5M
FY2022$609.0M
FY2023$603.8M
FY2024$626.7M

From the FY2024 Form 990 (year ending October 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $311.2M Management & general 24% · $98.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

26 people listed on the 990; $9.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President and CEO
$1,323,823Pt VII · Sec A
$971,648Pt VII · Sec A
Chief Operations Officer
$815,434Pt VII · Sec A
$672,994Pt VII · Sec A
$640,040Pt VII · Sec A
$634,599Pt VII · Sec A
$618,584Pt VII · Sec A
President Cmm
$617,788Pt VII · Sec A

Will Cook’s $1.3M as President and CEO is at the 65th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Will Cook$1,323,823$1,559,247$1,538,554$1,477,035$1,275,410
Amanda Veit$815,434$1,046,287$719,762$489,864$248,993
Patricia Hardenbergh MD$971,648$802,925$747,256$764,909$748,046
Craig Cohn$505,994$772,825$452,932$551,977—
Jerry Greenberg MD$634,599$631,192$732,796$738,444$698,458
Chris Lindley—$695,426———
Doris Kirchner—$557,986$673,572$378,492$495,130
Alexander Urquhart MD$672,994$570,513—$535,416$481,854

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides comprehensive healthcare services, emergency care, and wellness programs to elevate the health and well-being of Colorado's mountain communities.

Provided by the organization

This section is blank until Vail Clinic INC claims this page.

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1 program service account for $311.2M of program spending, described in the organization's own filed words · FY2023.
01

See schedule o.

$311.2Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 104 grants · $83.9M · 2019–2023
Vvmc Diversified ServicesCO · FY2023$5,600,000
Vail Health Services FoundationCO · FY2023$4,491,560
Eagle Valley Mental HealthCO · FY2023$3,856,540
Youthpower365CO · FY2023$90,000
My Future Pathways INCCO · FY2023$85,850
Eagle County School DistrictFY2023$55,000
The Summit FoundationCO · FY2023$51,000
Vail Religious FoundationCO · FY2023$50,000
Vail Christian High SchoolCO · FY2023$35,000
Hope Center of the Eagle River ValleyCO · FY2023$25,300
Walking MountainsCO · FY2023$10,500
See all 104 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$389.3M
Ln 12
Fees for servicesLn 2g$371.3M
Other incomeLn 4–11$11.1M
Investment incomeLn 3$4.0M
Money outPt IX
$410.1M
Ln 25
Programscol B$311.2M
Managementcol C$98.9M
Owns and owesPt X
$626.7M
net assets · Ln 32
Cash and savingsLn 1–2$44.9M
Total assetsLn 16$853.2M
LiabilitiesLn 26$226.6M
PeoplePt VI, VII
26
listed · VII A
PaidVII A14
Voting boardVI 1a16
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$14K
Fees for servicesLn 2g$371.3M
Investment incomeLn 3$4.0M
Other incomeLn 4–11$11.1M
Gains on assetsLn 7$34K
Total revenueLn 12$389.3M
Assets in detailPt X, end of year
CashLn 1$19.1M
SavingsLn 2$25.8M
Cash and savings togetherLn 1–2$44.9M
InvestmentsLn 11–13$296.1M
Land, buildings, equipmentLn 10c$306.9M
Other assetsLn 15$94.5M
Total assetsLn 16$853.2M
LiabilitiesLn 26$226.6M
Net assetsLn 32$626.7M
OperationsPt I, VI
EmployeesI 51,639
VolunteersI 699
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$44.3M$44.9M
InvestmentsLn 11–13$269.1M$296.1M
Land, buildings, equipmentLn 10c$332.9M$306.9M
Total assetsLn 16$841.4M$853.2M
LiabilitiesLn 26$237.6M$226.6M
Net assetsLn 32$603.8M$626.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19.0M$19.0M
Pay of current officers, directors and key staffLn 5$6.4M$6.4M
Other salaries and wagesLn 7$135.3M$103.5M$31.8M
Pension plan contributionsLn 8$8.3M$6.7M$1.7M
Other employee benefitsLn 9$15.8M$10.3M$5.5M
Payroll taxesLn 10$16.6M$14.0M$2.6M
Legal feesLn 11b$3.8M$1$3.8M
Accounting feesLn 11c$308K$308K
Lobbying feesLn 11d$8K$8K
Investment management feesLn 11f$1.3M$1.3M
Other fees for servicesLn 11g$45.6M$28.1M$17.6M
Advertising and promotionLn 12$1.5M$128K$1.4M
Office expensesLn 13$2.6M$900K$1.7M
Information technologyLn 14$194K$38K$156K
OccupancyLn 16$10.8M$79K$10.7M
TravelLn 17$503K$278K$226K
Conferences, conventions and meetingsLn 19$543K$252K$291K
InterestLn 20$5.2M$5.2M
Depreciation, depletion and amortizationLn 22$26.3M$23.7M$2.5M
InsuranceLn 23$2.6M$2.6M
Other expenses (24a–d)Ln 24$101.8M$94.3M$7.5M
All other expensesLn 24e$5.7M$4.8M$884K
Total functional expensesLn 25$410.1M$311.2M$98.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $389.3M$410.1M−$20.8M$626.7M 990 PDF
FY2023 $388.2M$405.7M−$17.5M$603.8M 990 PDF
FY2022 $342.9M$360.6M−$17.7M$609.0M 990 PDF
FY2021 $367.7M$303.6M$64.1M$685.5M 990 PDF
FY2020 $284.6M$272.8M$11.9M$624.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $389,307,157 across 9 lines filed
Lines not itemized here account for $1,208,425 of total revenue; see the IRS return.
VIII-1d Related organizations$2,961,846
VIII-1e Government grants$14,000
VIII-1h Total contributions, gifts and grants$2,975,846
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $369,658,509 · Unrelated business $1,619,537$371,278,046
VIII-3 Investment incomeUnrelated business $310,029 · Excluded from tax $3,626,504$3,936,533
VIII-6 Net rental income or lossExcluded from tax $3,129,472$3,129,472
VIII-7 Net gain or loss on sales of assetsExcluded from tax $34,000$34,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,251,684 · Excluded from tax $1,493,151$6,744,835
VIII-12 Total revenueRelated to mission $374,910,193 · Unrelated business $3,137,991 · Excluded from tax $8,283,127$389,307,157
Part IX · Statement of functional expenses $410,120,340 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $19,035,572$19,035,572
IX-5 Pay of current officers, directors and key staffManagement $6,418,513$6,418,513
IX-7 Other salaries and wagesPrograms $103,518,058 · Management $31,772,839$135,290,897
IX-8 Pension plan contributionsPrograms $6,658,030 · Management $1,651,009$8,309,039
IX-9 Other employee benefitsPrograms $10,290,496 · Management $5,467,543$15,758,039
IX-10 Payroll taxesPrograms $13,966,685 · Management $2,640,620$16,607,305
IX-11b Legal feesPrograms $1 · Management $3,808,255$3,808,256
IX-11c Accounting feesManagement $308,495$308,495
IX-11d Lobbying feesManagement $7,801$7,801
IX-11f Investment management feesManagement $1,250,225$1,250,225
IX-11g Other fees for servicesPrograms $28,061,693 · Management $17,568,577$45,630,270
IX-12 Advertising and promotionPrograms $127,616 · Management $1,380,410$1,508,026
IX-13 Office expensesPrograms $900,138 · Management $1,731,009$2,631,147
IX-14 Information technologyPrograms $37,639 · Management $156,337$193,976
IX-16 OccupancyPrograms $79,003 · Management $10,736,654$10,815,657
IX-17 TravelPrograms $277,693 · Management $225,530$503,223
IX-19 Conferences, conventions and meetingsPrograms $251,761 · Management $290,837$542,598
IX-20 InterestPrograms $5,186,891$5,186,891
IX-22 Depreciation, depletion and amortizationPrograms $23,737,941 · Management $2,524,251$26,262,192
IX-23 InsuranceManagement $2,610,674$2,610,674
IX-24 Other expenses (24a–d)Programs $94,315,152 · Management $7,472,288$101,787,440
IX-24e All other expensesPrograms $4,770,054 · Management $884,050$5,654,104
IX-25 Total functional expensesPrograms $311,214,423 · Management $98,905,917 · Fundraising $0$410,120,340
Part X · Balance sheet $853,242,680 assets, 18 lines filed
Asset lines not itemized here account for $44,649,325; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $19,140,407$19,053,306
X-2 Savings and temporary cash investmentsStart of year $25,157,023$25,830,235
X-4 Accounts receivableStart of year $46,271,111$47,508,232
X-8 Inventories for sale or useStart of year $10,249,780$10,263,741
X-9 Prepaid expenses and deferred chargesStart of year $9,085,642$8,399,911
X-10c Land, buildings and equipment, netStart of year $332,895,099$306,858,869
X-11 Publicly traded securitiesStart of year $219,520,378$247,366,321
X-13 Program-related investmentsStart of year $49,618,013$48,768,914
X-15 Other assetsStart of year $84,790,821$94,543,826
X-16 Total assetsStart of year $841,377,599$853,242,680
X-17 Accounts payable and accrued expensesStart of year $48,935,840$47,552,292
X-20 Tax-exempt bond liabilitiesStart of year $130,053,001$127,217,047
X-25 Other liabilitiesStart of year $58,590,861$51,816,318
X-26 Total liabilitiesStart of year $237,579,702$226,585,657
X-27 Net assets without donor restrictionsStart of year $602,940,784$625,953,058
X-28 Net assets with donor restrictionsStart of year $857,113$703,965
X-32 Total net assets or fund balancesStart of year $603,797,897$626,657,023
X-33 Total liabilities and net assetsStart of year $841,377,599$853,242,680
Part XI · Reconciliation of net assets $626,657,023 net assets at year end
XI-1 Total revenue$389,307,157
XI-2 Total expenses$410,120,340
XI-3 Revenue less expenses−$20,813,183
XI-4 Net assets at start of year$603,797,897
XI-5 Net unrealized gains (losses) on investments$38,642,309
XI-9 Other changes in net assets$5,030,000
XI-10 Net assets at end of year$626,657,023

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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