Valley View Hospital Association

“There are two classes of members: charter or life members and annual members. Those persons or entities who are charter or life members as of 7/31/1995 will continue to be life members. Persons who become members of the association after 7/31/1995 shall pay an annual membership fee of $25.00. Each member in good standing shall have one vote in the business of the corporation. As of 12/31/2024 there were 38 lifetime members and 21 annual members.”

“Description of members power to elect or appoint governing body: each member of the corporation in good standing shall be qualified to vote on election of board members and to hold any office in the corporation to which he may be elected or appointed. Members of the corporation shall be elected to the board of trustees of the corporation as appropriate at each annual meeting of the corporation. The board of trustees shall consist of seven elected members of the corporation.”

“Description of governance decisions reserved by members: each member of the corporation in good standing shall be qualified to vote on the disposition of assets.”

“Description of process to review form 990: information for schedules are compiled by the senior accounting staff and the controller, submitted to independent tax advisors to assemble into the form 990. The form 990 is then reviewed by the cfo and provided to the board of directors before being filed with the irs.”

“Description of conflict-of interest policy: trustees, officers and directors, employed physicians, and members of the valley view medical staff who are in positions that have influence over the affairs of valley view and who have a direct or indirect financial interest in valley view, are required to complete an annual disclosure of interest statement for any real, potential or perceived conflict of interest. Team members at or above the management level must complete a conflict-of-interest disclosure statement online via symplr management system upon hire or appointment and then annually. Team members who are below the manager level must disclose potential conflicts of interest to their immediate supervisors and shall contact the administration supervisor to complete a conflict-of-interest disclosure statement online via symplr management system or via paper. The board chair and director of compliance monitor the conflict-of-interest disclosures with additional oversight provided by legal counsel and the board audit and compliance committee if a conflict arises, the individual in question is recused from voting on the matter.”

“In setting the ceo's compensation, the board through it's legal counsel engages an independent third party on a regular basis to determine the comparability nationally for similarly situated hospitals to establish market comparisons for ceo total compensation. In the spring of 2024 the board engaged sullivan cotter to conduct this analysis. The board then reviews recommendations, determines the compensation level and approves any change. Other executive leaders' compensation is compared using surveys including but not limited to the sullivan cotter report relative to their respective positions and other sources which may include willis towers data, mountain states employer's council data and other real time market data as is relevant. The process for determing the compensation is recorded in the board minutes and employee files.”

“In setting officer and key employee compensation, the ceo used comparability data in the spring 2024: the compensation committee of the board through it's legal counsel engaged the independent third-party firm sullivan cotter to determine the comparability nationally for similarly situated hospitals to establish market comparisons for total compensation. Officer and key employee compnesation is reviewed and approved by the ceo. The process for determining the compensation is recorded in the board minutes and employee files.”

“Description of document made available to the public: valley view's governing documents, conflict of interest policy, and financial statements are available to the public upon request for the same period of disclosure as set forth in irc section 6104(d).”

“PHYSICIAN FEES - Total Expense: 13808561, Program Service Expense: 13808561, Management and General Expenses: , Fundraising Expenses: ; CONTRACT LABOR - Total Expense: 11496115, Program Service Expense: 10712924, Management and General Expenses: 783191, Fundraising Expenses: ; RECRUITING - Total Expense: 648968, Program Service Expense: 115369, Management and General Expenses: 533599, Fundraising Expenses: ; OTHER PURCHASED SERVICES - Total Expense: 18321101, Program Service Expense: 10813269, Management and General Expenses: 7507832, Fundraising Expenses: ;”

“LOSS FROM EQUITY METHOD INVESTMENT - -146746; CHANGE IN BENEFICIAL INTEREST IN FOUNDATION - 86800; Total - -59946;”