Civic Intelligence

Pajaro Valley Healthcare District

EIN 87-2323474 • 501(c)3 • Watsonville, CA

Profile

The organization has been formed by the community and governmental leaders to raise funds to form a hospital district in the County of Santa Cruz, CA that will purchase and operate Watsonville Community Hospital from its current owner and operate the hospital as a public hospital that will serve low-income residents.

75 Nielson StreetWatsonville, CA 95076

n/A

Siviq Scores

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

Liabilities / Assets

84th percentile

0.55x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.70x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

90th percentile

55%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

7th percentile

-28%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

131%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,285,487

Down $1,631,345 (-28%) from 2023

Liabilities

Down

$2,348,571

Down $2,385,215 (-50%) from 2023

Net Assets

Up

$1,936,916

Up $753,870 (+64%) from 2023

Revenue

Up

$1,380,577

Up $783,408 (+131%) from 2023

Expenses

Up

$626,707

Up $514,855 (+460%) from 2023

Net Income

Up

$753,870

Up $268,553 (+55%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2021: $1,344Liabilities 2021: $272,135Net Assets 2021: -$270,7912021Assets 2022: $7,143,059Liabilities 2022: $6,445,330Net Assets 2022: $697,7292022Assets 2023: $5,916,832Liabilities 2023: $4,733,786Net Assets 2023: $1,183,0462023Assets 2024: $4,285,487Liabilities 2024: $2,348,571Net Assets 2024: $1,936,9162024

Highlighted filing

2024

Assets$4,285,487
Liabilities$2,348,571
Net Assets$1,936,916

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2021: $400,019Expenses 2021: $670,810Net Income 2021: -$270,7912021Revenue 2022: $36,819,890Expenses 2022: $35,851,370Net Income 2022: $968,5202022Revenue 2023: $597,169Expenses 2023: $111,852Net Income 2023: $485,3172023Revenue 2024: $1,380,577Expenses 2024: $626,707Net Income 2024: $753,8702024

Highlighted filing

2024

Revenue$1,380,577
Expenses$626,707
Net Income$753,870

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 22, 2025
Return Version
2024v5.2
Gross Receipts
$1,380,577
Mission and Program Overview

Mission

The organization has been formed by the community and governmental leaders to raise funds to form a hospital district in the County of Santa Cruz, CA that will purchase and operate Watsonville Community Hospital from its current owner and operate the hospital as a public hospital that will serve low-income residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,052,061$2,308,546▲ $256,485
Pledges and Grants Receivable$3,852,783$1,942,741▼ $1,910,042
Accounts Receivable$10,000$34,200▲ $24,200
Prepaid Expenses and Deferred Charges$1,988$0▼ $1,988
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,916,832$4,285,487▼ $1,631,345
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,715,253$2,294,266▼ $2,420,987
Accounts Payable and Accrued Expenses$8,533$54,305▲ $45,772
Deferred Revenue$10,000--
Total Liabilities$4,733,786$2,348,571▼ $2,385,215
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$962,920$1,475,173▲ $512,253
Net Assets With Donor Restrictions$220,126$461,743▲ $241,617
Total Net Assets Fund Balance$1,183,046$1,936,916▲ $753,870
Total Liabilities and Net Assets / Fund Balance$5,916,832$4,285,487▼ $1,631,345
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrea Carlos WillyPresident
David ClaypoolDirector
Kistal SalcidoDirector
Matko VranjesDirector
Janet HeienSecretary
Brent DuntonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,166,079
Program Service Revenue
$0
Investment Income
$3,308
Other Revenue
$211,190
All Other Contributions
$1,166,079
Change in Net Assets
$753,870

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,380,577
Total Revenue per Audited Statements
$1,380,577
Total Revenue per Form 990
$1,380,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$626,457
Total Fundraising Expense$195,734
Grants and Similar Amounts Paid$250
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$78,952$21,213$100,165
Advertising$1,058$591$43,800$45,449
Office Expenses$2,290$3,556$6,898$12,744
Insurance-$4,346-$4,346
Other Expenses$2,677$2,977$1,238$4,215
All Other Expenses-$254$3,208$3,462
Grants to Domestic Orgs$250--$250
Total Functional Expenses$319,360$111,613$195,734$626,707

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$626,707
Total Expenses per Audited Statements$626,707
Total Expenses per Form 990$626,707
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Pajaro Valley Healthcare District
EIN
87-2323474
Phone
8312546086
Address
75 Nielson Street, Watsonville, CA 95076

Signing Officer

Name
June Ponce
Title
Executive Director
Signed
2025-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
June Ponce
Formed
2021
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Firm
Tostevin Accountancy Corporation
Address
877 Pacific St Ste 300, Monterey, CA 93940
Preparer
Bonnie Adcox
Phone
8313727348
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0June Ponce
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-22
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ReturnHeader/Filer/EIN0872323474
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ReturnHeader/Filer/USAddress/CityNm0Watsonville
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ReturnHeader/PreparerPersonGrp/PhoneNum08313727348
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bonnie Adcox
ReturnHeader/ReturnTs02025-09-23T07:24:21-07:00
ReturnHeader/ReturnTypeCd0990

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