Civic Intelligence

Parkview Medical Center

EIN 84-0935136 • 501(c)3 • Pueblo, CO

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Profile

We improve lives in big ways through learning, healing and discovery. In small, personal ways through human connection. But in all ways, we improve lives.

400 W 16th StreetPueblo, CO 81003

www.parkviewmc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.36x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.43x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

70th percentile

$3,158,389

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

7th percentile

-3.5%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-3.4%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$617,812,064

Down $22,289,121 (-3.5%) from 2023

Liabilities

Down

$221,334,262

Down $85,174,969 (-28%) from 2023

Net Assets

Up

$396,477,802

Up $62,885,848 (+19%) from 2023

Operations
Liabilities / Revenue37th percentileNet Margin66th percentile

Revenue

Down

$518,767,360

Down $18,510,992 (-3.4%) from 2023

Expenses

Down

$456,893,883

Down $95,627,092 (-17%) from 2023

Net Income

Up

$61,873,477

Up $77,116,100 (+506%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0Assets 2010: $314,997,280Liabilities 2010: $133,500,277Net Assets 2010: $181,497,0032010Assets 2011: $326,627,176Liabilities 2011: $125,180,079Net Assets 2011: $201,447,0972011Assets 2012: $353,120,222Liabilities 2012: $130,686,305Net Assets 2012: $222,433,9172012Assets 2013: $398,839,926Liabilities 2013: $166,962,881Net Assets 2013: $231,877,0452013Assets 2014: $418,161,064Liabilities 2014: $167,477,401Net Assets 2014: $250,683,6632014Assets 2015: $445,970,430Liabilities 2015: $182,987,301Net Assets 2015: $262,983,1292015Assets 2016: $476,163,127Liabilities 2016: $198,339,882Net Assets 2016: $277,823,2452016Assets 2017: $552,977,650Liabilities 2017: $261,622,129Net Assets 2017: $291,355,5212017Assets 2018: $544,797,696Liabilities 2018: $234,393,030Net Assets 2018: $310,404,6662018Assets 2019: $556,631,318Liabilities 2019: $218,133,908Net Assets 2019: $338,497,4102019Assets 2020: $566,853,494Liabilities 2020: $225,510,399Net Assets 2020: $341,343,0952020Assets 2021: $719,747,619Liabilities 2021: $331,883,923Net Assets 2021: $387,863,6962021Assets 2022: $658,954,682Liabilities 2022: $314,693,449Net Assets 2022: $344,261,2332022Assets 2023: $640,101,185Liabilities 2023: $306,509,231Net Assets 2023: $333,591,9542023Assets 2024: $617,812,064Liabilities 2024: $221,334,262Net Assets 2024: $396,477,8022024

Highlighted filing

2024

Assets$617,812,064
Liabilities$221,334,262
Net Assets$396,477,802
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800M$600M$400M$200M$0-$200MExpenses 2010: $242,367,1882010Expenses 2011: $268,911,1962011Expenses 2012: $289,871,9062012Expenses 2013: $308,914,0382013Revenue 2014: $352,686,462Expenses 2014: $324,969,613Net Income 2014: $27,716,8492014Revenue 2015: $361,759,017Expenses 2015: $338,753,200Net Income 2015: $23,005,8172015Revenue 2016: $404,479,226Expenses 2016: $396,390,638Net Income 2016: $8,088,5882016Revenue 2017: $449,773,221Expenses 2017: $436,069,239Net Income 2017: $13,703,9822017Revenue 2018: $498,991,579Expenses 2018: $476,800,807Net Income 2018: $22,190,7722018Revenue 2019: $524,724,626Expenses 2019: $506,810,331Net Income 2019: $17,914,2952019Revenue 2020: $573,603,655Expenses 2020: $573,012,051Net Income 2020: $591,6042020Revenue 2021: $639,774,569Expenses 2021: $598,706,476Net Income 2021: $41,068,0932021Revenue 2022: $592,872,091Expenses 2022: $599,531,331Net Income 2022: -$6,659,2402022Revenue 2023: $537,278,352Expenses 2023: $552,520,975Net Income 2023: -$15,242,6232023Revenue 2024: $518,767,360Expenses 2024: $456,893,883Net Income 2024: $61,873,4772024

Highlighted filing

2024

Revenue$518,767,360
Expenses$456,893,883
Net Income$61,873,477
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$617,812,064
Liabilities
$221,334,262
Net assets
$396,477,802
Revenue
$518,767,360
Expenses
$456,893,883
Net income
$61,873,477
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$618$221$396$519$457$61.9
2023Detailed filing. Detailed filing data is available for this year.$640$307$334$537$553$15.2
2022Detailed filing. Detailed filing data is available for this year.$659$315$344$593$600$6.66
2021Detailed filing. Detailed filing data is available for this year.$720$332$388$640$599$41.1
2020Detailed filing. Detailed filing data is available for this year.$567$226$341$574$573$0.59
2019Detailed filing. Detailed filing data is available for this year.$557$218$338$525$507$17.9
2018Detailed filing. Detailed filing data is available for this year.$545$234$310$499$477$22.2
2017Detailed filing. Detailed filing data is available for this year.$553$262$291$450$436$13.7
2016Detailed filing. Detailed filing data is available for this year.$476$198$278$404$396$8.09
2015Detailed filing. Detailed filing data is available for this year.$446$183$263$362$339$23.0
2014Detailed filing. Detailed filing data is available for this year.$418$167$251$353$325$27.7
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$399$167$232$309
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$353$131$222$290
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$327$125$201$269
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$315$134$181$242
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,181,732,298
Mission and Program Overview

Mission

To establish and maintain one or more hospitals as institutions with permanent facilities for diagnosis and treatment of both in-patients and out-patients and to provide such medical services; see schedule o for explanation.

We improve lives through learning, healing, discovery, and through human connection.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$321,218,893$285,135,597▼ $36,083,296
Investments in Publicly Traded Securities$204,103,129--
Accounts Receivable$57,535,069$58,594,634▲ $1,059,565
Inventories for Sale or Use$11,991,683$11,734,802▼ $256,881
Prepaid Expenses and Deferred Charges$5,973,599$6,878,746▲ $905,147
Investments Program Related$4,357,504$4,235,550▼ $121,954
Savings and Temporary Cash Investments$22,835,129$3,098,302▼ $19,736,827
Intangible Assets$951,736--
Other Notes and Loans Receivable, Net$813,185--
Cash and Non-Interest-Bearing Accounts$73,741$67,096▼ $6,645
Total Assets$640,101,185$617,812,064▼ $22,289,121
Other Assets Total$10,247,517$248,067,337▲ $237,819,820
Liabilities
Tax Exempt Bond Liabilities$236,721,408$167,918,501▼ $68,802,907
Accounts Payable and Accrued Expenses$54,205,705$48,802,387▼ $5,403,318
Other Liabilities$8,211,083$3,753,342▼ $4,457,741
Mortgage Notes Payable Secured by Investment Property$7,371,035$860,032▼ $6,511,003
Total Liabilities$306,509,231$221,334,262▼ $85,174,969
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$330,601,054$393,903,208▲ $63,302,154
Net Assets With Donor Restrictions$2,990,900$2,574,594▼ $416,306
Total Net Assets Fund Balance$333,591,954$396,477,802▲ $62,885,848
Total Liabilities and Net Assets / Fund Balance$640,101,185$617,812,064▼ $22,289,121

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$205,264,362$167,619,403$372,883,765
Equipment$54,550,247$141,900,744$196,450,991
Other Land Buildings$13,725,580$9,462,574$23,188,154
Land$10,919,418-$10,919,418
Leasehold Improvements$675,990$6,463,636$7,139,626
Other Assets Org$142,959,808--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$941,942$11,018▲ $344,337-$1,297,297
2022$843,926$6,675▲ $91,341-$941,942
2021$1,124,026$15,379▼ $295,479-$843,926
2020$1,053,344$8,663▲ $62,019-$1,124,026
2019$997,144$9,044▲ $47,156-$1,053,344
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Suraj SinghPhysicianPT$2,334,396$34,396$2,368,792
Ali K Murad MdPhysicianPT$1,238,977$36,052$1,275,029
Jennifer L FitzpatrickPhysicianPT$945,459$16,875$962,334
Pantelis HadjizachariaPhysicianPT$818,125$19,177$837,302
Rickland L LikesPhysicianPT$734,670$35,096$769,766
Darrin SmithPresident/CEOFT$482,766$47,058$529,824
Jon RiggsCFOFT$472,200$38,045$510,245
Natalie Mosley DoBoard MemberFT$467,860$18,419$486,279

Board Members and Trustees

NameTitle
Mark DunsmoorChair
Judy WeaverPhs Chair
Mark KennedyVice Chair
Dave VecchioBoard Member
John Millea DdsBoard Member
Judy FondaBoard Member
Liz ConcoridaBoard Member
Ray BakerBoard Member
Seth ClaytonBoard Member
Vince VigilBoard Member
Sherri BacaBoard Member -(part Year)
Jim HadleyBoard Member(part Year)
Laura KellyBoard Member(part Year)
Matthew BowlesBoard Member(part Year)
Michael RamosBoard Member(part Year)
Michael Growney MdMedical Chief of Staff
Sam KrageSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Avant Healthcare ProfessionalsContract Nurse Professionals1211 SEMORAN BLVD SUITE 227, Casselberry, FL 32707$10,058,085
Pueblo Cardiology AssociatesContract PhysiciansPO BOX 17180 DEPT 1170, Denver, CO 80217-0180$9,681,841
Sangre De Cristo Surgical AssociatesHealthcare Professionals1600 N GRAND AVE SUITE 430, Pueblo, CO 81003$4,849,109
Jjp Recruiting Llcdba Radar HealthcareContract PhysiciansPO BOX 1708, Watkinsville, GA 30677$4,619,131
Pueblo Associates In ObstetricsHealthcare Professionals4010 JERRY MURPHY ROAD, Pueblo, CO 81001$3,071,997
Revenue and Support

Revenue Composition

Contributions and Grants
$10,630,971
Program Service Revenue
$499,137,375
Investment Income
$3,914,271
Other Revenue
$5,084,743
Change in Net Assets
$61,873,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$284,890,799
Salaries, Compensation, and Employee Benefits$172,003,084
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$101,744,276$42,575,639-$144,319,915
Fees for Services Management$46,534,191$51,161,592-$97,695,783
Depreciation Depletion$6,161,796$20,064,979-$26,226,775
Other Employee Benefits$8,154,245$3,412,203-$11,566,448
Information Technology-$11,473,995-$11,473,995
Payroll Taxes$5,247,324$5,408,999-$10,656,323
All Other Expenses$78,615$9,548,442-$9,627,057
Interest-$6,870,301-$6,870,301
Occupancy$1,752,859$4,094,519-$5,847,378
Pension Plan Contributions$2,659,197$1,112,760-$3,771,957
Insurance$4,948$3,403,297-$3,408,245
Other Expenses$225,352$2,409,264-$2,634,616
Current Officers, Directors, Trustees, and Key Employees$648,372$1,040,069-$1,688,441
Office Expenses$480,472$1,025,241-$1,505,713
Advertising-$740,055-$740,055
Fees for Services Legal-$596,236-$596,236
Conferences and Meetings$56,865$300,384-$357,249
Travel$71,915$118,045-$189,960
Fees for Service Investment Mgmnt Fees-$111,187-$111,187
Total Functional Expenses$278,578,930$178,314,953$0$456,893,883
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorProfessional Services Agreement With Parkview Medical CenterNo$1,679,074
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligation$2,849,784
Reserve for Physican Loan$903,558

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Health Facilities Authority2016-09-22$74,639,980CONSTRUCTION
BColorado Health Facilities Authority2020-07-15$72,597,400CONSTRUCTION
AColorado Health Facilities Authority2015-06-15$44,900,645Refunding of series 2005 & 2007a
BColorado Health Facilities Authority2012-10-04$30,358,821CONSTRUCTION
DColorado Health Facilities Authority2017-10-18$19,514,670Refunding of series 2007b
CColorado Health Facilities Authority2014-09-30$11,820,000REFUNDING OF SERIES 2004

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$74,639,980$11,820,000$10,955,000$724,980
B$72,597,400---
A$44,900,645--$750,496
B$30,358,821$19,172,554$9,470,000$454,957
D$19,514,670-$5,700,000$260,670
C$11,820,000$44,639,975$5,850,000$342,117

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“Parkview medical center revised its articles of incorporation, granting the university of colorado health the authority to appoint members to the parkview boards.”

Form 990, Part VI, Section A, Line 6

“Parkview health systems, inc. Is the sole corporate member of parkview medical center.”

Form 990, Part VI, Section A, Line 7A

“University of colorado health (uchealth) is the sole member of parkview health system. Parkview health system is the sole member of parkview medical center and parkview foundation. Uchealth has the authority to appoint the members of the boards of parkview health system, parkview medical center, and parkview foundation.”

Form 990, Part VI, Section A, Line 7B

“Uchealth shall have the ultimate authority over parkview health system and its affiliates as set forth in the parkview bylaws.”

Form 990, Part VI, Section B, Line 11B

“Management reviews the 990 prior to filing”

Form 990, Part VI, Section B, Line 12C

“The organization's conflict of interest policy requires completion of the form on an annual basis by the board members, officers and key employees of the organization. Completed forms are submitted and reviewed by the internal compliance department to ensure compliance with the written policy. Any questions or ultimate enforcement would be handled by the compliance department.”

Form 990, Part VI, Section B, Line 15

“The board of directors approves wage parameters and contract extensions of all personnel. The organization's board of directors determines the salary and bonus of the executive director based on employment contracts and recommendations by the organization's compensation committee. The compensation structure for all other employees is based on experience, title, and range for the position. The compensation is evaluated on an annual basis and is overseen by the executive director. For all new employees, a formal letter is prepared regarding the terms of employment. The signed letter serves as documentation of the employee's terms of employment and is kept in each employee's permanent file. These processes apply to all employees of the organization.”

Form 990, Part VI, Section C, Line 19

“The organization makes all documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Parkview Medical Center
EIN
84-0935136
Phone
7195844534
Address
400 W 16TH STREET, PUEBLO, CO 81003

Signing Officer

Name
Jon Riggs
Title
CFO
Phone
7195844534
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Riggs
Formed
1983
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
12
Employees
3,474
Volunteers
51

Preparer

Firm
Plante & Moran Pllc
Address
250 S HIGH ST SUITE 100, COLUMBUS, OH 43215
Preparer
Amy Ciminello
Phone
6148493000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in foundation restricted fund -76,610.”

Financial Statement Notes

PART V, LINE 4:

“The foundation has adopted investment and spending policies for the endowment fund that attempt to provide a predictable stream of funding while seeking to maintain the purchasing power of the endowment assets. The foundation expects distributions of approximately five percent of assets annually, although this percentage can vary.”

PART X, LINE 2:

“The medical center accounts for any uncertainty in income taxes by recognizing the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The medical center believes that it does not have any uncertain tax positions that are material to the financial statements.”

Raw XML AppendixShowing 400 of 1,481 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0UCHEALTH PARKVIEW MEDICAL CENTER (PMC) PROVIDES, ACUTE, INPATIENT, OUTPATIENT, AS WELL AS EMERGENCY CARE. PMC SERVICES COMMUNITIES IN SOUTHERN COLORADO. DURING FISCAL YEAR 2024, PMC RECORDED 65,555 PATIENT DAYS; 13,630 INPATIENT ADMISSIONS; 7,071 OBSERVATION PATIENTS ADMISSIONS; 601,474 OUTPATIENT VISITS; 76,924 EMERGENCY VISITS OUTPATIENT AND ADMITS; 1,815 BIRTHS; 2,943 INPATIENT SURGERIES; AND 7,790 OUTPATIENT SURGERIES.
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IRS990/MissionDesc0WE IMPROVE LIVES IN BIG WAYS THROUGH LEARNING, HEALING AND DISCOVERY. IN SMALL, PERSONAL WAYS THROUGH HUMAN CONNECTION. BUT IN ALL WAYS, WE IMPROVE LIVES.
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