Civic Intelligence

Salinas Valley Memorial Hospital Foundation Inc.

990 • Fiscal year 2015 • EIN 94-2641137

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 10, 2016

PO Box 4760Salinas, CA 93912

(831) 759-1880

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

12th percentile

0.03x

Higher debt load relative to revenue than 12% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

86th percentile

32%

Higher net margin than 86% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

40th percentile

$144,908

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

61st percentile

3.9%

Faster asset growth than 61% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

91st percentile

50%

Faster revenue growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$13,303,928

Up $502,480 (+3.9%) from 2014

Net Assets

Up

$13,201,895

Up $522,073 (+4.1%) from 2014

Liabilities

Down

$102,033

Down $19,593 (-16%) from 2014

Revenue

Up

$3,340,569

Up $1,107,784 (+50%) from 2014

Expenses

Up

$2,277,132

Up $954,109 (+72%) from 2014

Net Income

Up

$1,063,437

Up $153,675 (+17%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $12,724,587Liabilities 2011: $673,522Net Assets 2011: $12,051,0652011Assets 2012: $12,233,235Liabilities 2012: $2,535,252Net Assets 2012: $9,697,9832012Assets 2013: $11,250,939Liabilities 2013: $163,640Net Assets 2013: $11,087,2992013Assets 2014: $12,801,448Liabilities 2014: $121,626Net Assets 2014: $12,679,8222014Assets 2015: $13,303,928Liabilities 2015: $102,033Net Assets 2015: $13,201,8952015Assets 2016: $13,395,993Liabilities 2016: $48,125Net Assets 2016: $13,347,8682016Assets 2017: $15,586,710Liabilities 2017: $1,173,517Net Assets 2017: $14,413,1932017Assets 2018: $15,176,867Liabilities 2018: $122,578Net Assets 2018: $15,054,2892018Assets 2019: $15,420,254Liabilities 2019: $40,453Net Assets 2019: $15,379,8012019Assets 2020: $18,645,157Liabilities 2020: $422,059Net Assets 2020: $18,223,0982020Assets 2021: $22,119,890Liabilities 2021: $540,801Net Assets 2021: $21,579,0892021Assets 2022: $20,441,876Liabilities 2022: $1,791,921Net Assets 2022: $18,649,9552022Assets 2023: $20,448,109Liabilities 2023: $536,714Net Assets 2023: $19,911,3952023Assets 2024: $21,911,395Liabilities 2024: $776,619Net Assets 2024: $21,134,7762024Assets 2025: $22,504,322Liabilities 2025: $166,122Net Assets 2025: $22,338,2002025

Highlighted filing

2015

Assets$13,303,928
Liabilities$102,033
Net Assets$13,201,895

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,096,9462011Expenses 2012: $2,911,0792012Revenue 2013: $1,174,728Expenses 2013: $386,054Net Income 2013: $788,6742013Revenue 2014: $2,232,785Expenses 2014: $1,323,023Net Income 2014: $909,7622014Revenue 2015: $3,340,569Expenses 2015: $2,277,132Net Income 2015: $1,063,4372015Revenue 2016: $1,111,546Expenses 2016: $1,246,540Net Income 2016: -$134,9942016Revenue 2017: $2,319,867Expenses 2017: $1,874,494Net Income 2017: $445,3732017Revenue 2018: $2,018,743Expenses 2018: $2,040,117Net Income 2018: -$21,3742018Revenue 2019: $2,749,371Expenses 2019: $2,232,954Net Income 2019: $516,4172019Revenue 2020: $5,556,554Expenses 2020: $2,571,509Net Income 2020: $2,985,0452020Revenue 2021: $3,404,087Expenses 2021: $2,139,489Net Income 2021: $1,264,5982021Revenue 2022: $2,917,154Expenses 2022: $1,748,532Net Income 2022: $1,168,6222022Revenue 2023: $3,060,998Expenses 2023: $2,948,006Net Income 2023: $112,9922023Revenue 2024: $2,503,339Expenses 2024: $3,049,930Net Income 2024: -$546,5912024Revenue 2025: $2,989,878Expenses 2025: $2,811,252Net Income 2025: $178,6262025

Highlighted filing

2015

Revenue$3,340,569
Expenses$2,277,132
Net Income$1,063,437
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 10, 2016
Return Version
2014v6.0
Gross Receipts
$8,463,853
Mission and Program Overview

Mission

Our mission is to support salinas valley health by funding healthcare services, programs, and facilities for our diverse community.

The Salinas Valley Memorial Hospital Foundation assists the Salinas Valley Memorial Healthcare System in providing healthcare by raising funds for new equipment, services, training and building of facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,192,660$11,737,018▲ $544,358
Pledges and Grants Receivable$183,120$455,757▲ $272,637
Savings and Temporary Cash Investments$320,306$387,870▲ $67,564
Cash and Non-Interest-Bearing Accounts$16,487$39,038▲ $22,551
Accounts Receivable$19,322$20,165▲ $843
Prepaid Expenses and Deferred Charges-$10,160-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$12,801,448$13,303,928▲ $502,480
Other Assets Total$1,069,553$653,920▼ $415,633
Liabilities
Other Liabilities-$53,337-
Grants Payable$119,737$48,696▼ $71,041
Accounts Payable and Accrued Expenses$1,889--
Total Liabilities$121,626$102,033▼ $19,593
Net Assets / Fund Balance
Unrestricted Net Assets$7,097,002$7,793,465▲ $696,463
Temporarily Rstr Net Assets$4,417,943$4,279,553▼ $138,390
Permanently Rstr Net Assets$1,164,877$1,128,877▼ $36,000
Total Net Assets Fund Balance$12,679,822$13,201,895▲ $522,073
Total Liabilities and Net Assets / Fund Balance$12,801,448$13,303,928▲ $502,480

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,554,649-▼ $32,914$4,208$1,517,527
2013$728,975$813,927▲ $42,715$30,968$1,554,649
2012$717,590$1,600▲ $9,785-$728,975
2011$725,261-▼ $2,614$5,057$717,590
2010$693,105$3,663▲ $28,493-$725,261
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kendra HowellExecutive Director$144,908$144,908

Board Members and Trustees

NameTitle
Bill NormanPast President
Gary VincenzPresident
Karen FanoeVice President
Sue StormVice President
Mitch SecondoAssistant Treas
Adrienne LaurentGovernor
Arlene DediniGovernor
B Randall PiersonGovernor
Bart WalkerGovernor
Butch LindleyGovernor
Carla SpencerGovernor
Carol LannonGovernor
Christina Hinz MDGovernor
Corinne NelsonGovernor
Esperanza CastroGovernor
Jeff PlutaGovernor
Kent HibinoGovernor
Linda GrierGovernor
Mark FaylorGovernor
Michael UrquidesGovernor
Nikki CapraraGovernor
Norm Nelson MDGovernor
Ray BorziniGovernor
Rich TurnerGovernor
Robert Morris MDGovernor
Ronald JohnsonGovernor
Sherrie IsaacGovernor
Susan MerrillGovernor
Tom RomansGovernor
Carrie DohertyMember at Large
Jeff WardwellMember at Large
David Ramos MDSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,414,772
Program Service Revenue
$0
Investment Income
$629,613
Other Revenue
$296,184
All Other Contributions
$2,372,229
Change in Net Assets
$1,063,437

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$56,087Fair Market Value (FMV)
Total Noncash Contributions$56,087-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,289,872
Revenue Not Reported on Financial Statements
$50,697
Revenue Not Reported on Form 990
$625,793
Other Revenue Adjustments
$50,697
Total Revenue per Audited Statements
$3,915,665
Total Revenue per Form 990
$3,340,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,116,454
Other Expenses$160,678
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,101,172--$2,101,172
Fees for Service Investment Mgmnt Fees-$50,697-$50,697
Grants to Domestic Individuals$15,282--$15,282
Travel-$11,816-$11,816
Insurance-$1,597-$1,597
Office Expenses-$303-$303
Other Expenses-$110-$110
Conferences and Meetings-$102-$102
All Other Expenses-$96-$96
Total Functional Expenses$2,116,454$160,678$0$2,277,132

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,393,592
Total Expenses per Form 990$2,277,132
Expenses per Audited Statements$2,226,435
Expenses Not Reported on Form 990$1,167,157
Expenses Not Reported on Financial Statements$50,697
Other Expense Adjustments$50,697
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Salinas Valley Memorial HospSalinas, CA-Operations support and equipment$2,086,090
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$637,904
Fundraising Direct Expenses$341,720
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Trail rides$258,260$252,035$74,774$177,261
Gala$134,150$113,300$28,163$85,137
Total Events$680,447$637,904$341,720$296,184
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Asthma Camp$53,337
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 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, Line 11B: Form 990 Review Process

The Form 990 is presented to the Executive Committee, and the committee will make a report to the Board of Governors for approval before the return is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All directors are given policy to sign annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request. Those interested can contact SVMHF at 831-759-1823.

Form 990, Part VI, 15A and 15B - Compensation Policy

The Foundation does not have a compensation policy because it has no compensated employees. Compensation paid by related organization is based on the related organization's compensation policies.

Filing and Contact Details

Filer

Filer Name
Salinas Valley Memorial Hospital
EIN
94-2641137
Phone
8317591880
Address
PO Box 4760, Salinas, CA 93912

Signing Officer

Name
David Ramos MD
Title
President
Signed
2016-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Vincenz
Formed
1979
Legal Domicile
CA
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
150

Preparer

Firm
Mcgilloway Ray Brown & Kaufman
Address
379 W MARKET ST, SALINAS, CA 93901-1423
Preparer
Patricia M Kaufman CPA
Phone
8314242737
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in fair market value of trust = -$8962

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The foundation spends permanent endowment funds on programs supported by endowments based on donor guidelines. In the absence of such specific donor guidelines, the board places earnings from these investments in temporarily restricted funds and appropriates and spends monies as and when the program requests funds or when the board deems it prudent to do so.

Part X : FIN48 Footnote

The Foundation believes that it has appropriate support for any tax positions taken and, therefore, does not have any uncertain tax positions that are material to the financial statements.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Change in fair market value of trust $-8962 Special event expenses $341720

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Investment expenses $50697

Part XII, Line 2D: Other expenses and losses per audited F/S

Special event expenses $341720

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Investment expenses $50697

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IRS990/Form990PartVIISectionAGrp/PersonNm1Karen Fanoe
IRS990/Form990PartVIISectionAGrp/PersonNm2Sue Storm
IRS990/Form990PartVIISectionAGrp/PersonNm3Rich Turner
IRS990/Form990PartVIISectionAGrp/PersonNm4Mitch Secondo
IRS990/Form990PartVIISectionAGrp/PersonNm5Corinne Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm6Bill Norman
IRS990/Form990PartVIISectionAGrp/PersonNm7David Ramos MD
IRS990/Form990PartVIISectionAGrp/PersonNm8Jeff Wardwell
IRS990/Form990PartVIISectionAGrp/PersonNm9Nikki Caprara
IRS990/Form990PartVIISectionAGrp/PersonNm10Arlene Dedini
IRS990/Form990PartVIISectionAGrp/PersonNm11Carrie Doherty
IRS990/Form990PartVIISectionAGrp/PersonNm12Mark Faylor
IRS990/Form990PartVIISectionAGrp/PersonNm13Linda Grier
IRS990/Form990PartVIISectionAGrp/PersonNm14Kent Hibino
IRS990/Form990PartVIISectionAGrp/PersonNm15Ronald Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm16Carol Lannon
IRS990/Form990PartVIISectionAGrp/PersonNm17Susan Merrill
IRS990/Form990PartVIISectionAGrp/PersonNm18Robert Morris MD
IRS990/Form990PartVIISectionAGrp/PersonNm19B Randall Pierson
IRS990/Form990PartVIISectionAGrp/PersonNm20Jeff Pluta
IRS990/Form990PartVIISectionAGrp/PersonNm21Michael Urquides
IRS990/Form990PartVIISectionAGrp/PersonNm22Bart Walker
IRS990/Form990PartVIISectionAGrp/PersonNm23Christina Hinz MD
IRS990/Form990PartVIISectionAGrp/PersonNm24Adrienne Laurent
IRS990/Form990PartVIISectionAGrp/PersonNm25Ray Borzini
IRS990/Form990PartVIISectionAGrp/PersonNm26Esperanza Castro
IRS990/Form990PartVIISectionAGrp/PersonNm27Sherrie Isaac
IRS990/Form990PartVIISectionAGrp/PersonNm28Butch Lindley
IRS990/Form990PartVIISectionAGrp/PersonNm29Norm Nelson MD
IRS990/Form990PartVIISectionAGrp/PersonNm30Carla Spencer
IRS990/Form990PartVIISectionAGrp/PersonNm31Tom Romans
IRS990/Form990PartVIISectionAGrp/PersonNm32Kendra Howell
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt4Assistant Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt5Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt6Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt9Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt10Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt11Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt12Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt13Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt14Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt15Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt16Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt17Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt18Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt19Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt20Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt21Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt22Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt23Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt24Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt25Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt26Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt27Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt28Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt29Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt30Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt31Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt32Executive Dir.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.5$0.17$22.3$2.99$2.81$0.18
2024Detailed filing. Detailed filing data is available for this year.$21.9$0.78$21.1$2.50$3.05$0.55
2023Detailed filing. Detailed filing data is available for this year.$20.4$0.54$19.9$3.06$2.95$0.11
2022Detailed filing. Detailed filing data is available for this year.$20.4$1.79$18.6$2.92$1.75$1.17
2021Detailed filing. Detailed filing data is available for this year.$22.1$0.54$21.6$3.40$2.14$1.26
2020Detailed filing. Detailed filing data is available for this year.$18.6$0.42$18.2$5.56$2.57$2.99
2019Detailed filing. Detailed filing data is available for this year.$15.4$0.04$15.4$2.75$2.23$0.52
2018Detailed filing. Detailed filing data is available for this year.$15.2$0.12$15.1$2.02$2.04$0.02
2017Detailed filing. Detailed filing data is available for this year.$15.6$1.17$14.4$2.32$1.87$0.45
2016Detailed filing. Detailed filing data is available for this year.$13.4$0.05$13.3$1.11$1.25$0.13
2015Detailed filing. Detailed filing data is available for this year.$13.3$0.10$13.2$3.34$2.28$1.06
2014Detailed filing. Detailed filing data is available for this year.$12.8$0.12$12.7$2.23$1.32$0.91
2013Summary only. Only limited summary data is available for this year.$11.3$0.16$11.1$1.17$0.39$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$2.54$9.70$2.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$0.67$12.1$2.10