Valley Presbyterian Hospital

“The form 990 is completed by an outside accounting firm in conjunction with the organization's accounting and finance staff. The controller, vp of finance, and the evp & chief operating officer then review the draft form 990, and appropriate revisions are made. Thereafter, the form 990 is reviewed with the ceo and the board finance committee, and then is made available to all members of the board of directors prior to filing with the internal revenue service.”

“Vph's board members are required to sign a conflict of interest statement. Each officer, director, and key employee of vph is required to complete an annual conflict of interest disclosure attestation. Vph's compliance officer and ceo review these attestations to identify any/all conflicts that the organization must be aware of so the appropriate mitigations can be put in place. Should a board member, officer, director, and/or key employee have a conflict with any issues being discussed or voted on at a meeting of the board of directors, they would be asked to recuse themselves from the discussion and/or vote on the issue.”

“Executive compensation is reviewed and pay actions are recommended by the compensation committee (which consists of board and non-board members with compensation experience), and then approved by the vph board of directors. The compensation committee retains an independent consulting firm and maintains an objective decision-making process, ensuring consistency of vph's executive programs with the organization's executive pay philosophy and overall mission and values. Vph's executive compensation philosophy is designed to assist the organization in attracting and retaining the caliber of executives required to fulfill its mission of improving the quality of health in the san fernando valley and to ensure its financial stability. Total compensation offered to our executives includes base salary, incentive bonus, and benefits. The incentive bonus is based on key measurable success indicators approved in advance by the compensation committee. These indicators include quality, financial, people and patient satisfaction goals. In order to retain our key employees, we offer a deferred compensation plan which provides an annual benefit (based on a percentage of compensation) to be paid on a future date upon vesting in the plan. In determining each individual's compensation, the committee relies on comparability data provided by our independent consultant and obtained from several data sources including: forms 990 of select comparator organizations (28 california-based, similarly-sized nonprofit hospitals) and a number of well-regarded national healthcare surveys.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at the hospital location.”

“Valley presbyterian hospital is one of the largest and most prestigious full-service, acute care facilities in the san fernando valley. The 350-bed hospital serves thousands of families each year, with access to a wide range of medical expertise and leading-edge technology across all elements of care. Key hospital medical services and program service accomplishments in 2024 include: emergency services - the hospital's emergency services department plays an important role in serving the community and has several designations that demonstrate commitment to excellent care. As a certified cardiac receiving center for heart attack patients, heart specialists collaborate to provide critical care within the first 90 minutes of chest pain. In addition, the hospital is a certified stroke center based on its response to critical patient conditions. The hospital has a dedicated stroke-focused program staffed by medical professionals who are specially trained in stroke care and who use advanced techniques to act quickly. Valley presbyterian hospital is designated as a pediatric medical center (pmc), recognized by the county of los angeles. This designation allows our team of pediatric specialists to treat and handle a higher level of care needed for pediatric patients in our pediatric intensive care unit (picu). We are one of only three hospitals that hold the pmc designation in the san fernando valley. During 2024, over 58,000 patients visited the emergency services department. Rehabilitation services - valley presbyterian hospital offers a full range of rehabilitation services. Our physicians, nurses, therapists, and specialists work together to provide personalized treatment plans. We offer physical therapy, occupational therapy, speech therapy, and rehabilitation services in our well-equipped rehabilitation center. The department has been certified by the internationally renowned carf, the commission on accreditation of rehabilitation facilities. Children's services - the hospital provides compassionate and specialized pediatric care for sick or injured children. Vph has a 25-bed pediatric care center for children with serious conditions and received a complete make-over in 2022. Additionally, the hospital has a 10-bed pediatric intensive care unit (picu) and a 32-bed, level iii neonatal intensive care unit (nicu) for critically ill newborns. Vph maintains the pediatric medical center designation. Maternity services - the maternity program is well known among families in the region. During 2024, over 1,800 babies were born at vph. Should a need arise, a physician and midwife are available 24/7 to handle patient emergencies. The hospital's outpatient perinatal center serves women with high-risk pregnancies and offers "non-stress" ultrasounds, fetal echocardiogram services as well as high-risk infant follow up services. In addition, vph offers maternity classes to the community at no cost. Surgery services - the hospital provides a broad range of surgical services representing a wide range of specialty areas. In cy24, close to 7,800 surgeries were performed. Physicians and surgical staff have the tools and advanced technology needed to perform a full range of surgical procedures and to deliver the highest quality of care. Many procedures involve minimally invasive techniques, which can minimize pain and speed recovery time. Heart & vascular services - valley presbyterian hospital offers a full range of cardiac services to quickly and accurately diagnose and treat patients suffering from critical heart and vascular conditions. The expert multidisciplinary medical team is dedicated to acting quickly and saving patients' lives. The fritz b. Burns valley cardiac catheterization lab is one of the area's most technologically advanced and best equipped facilities. As a certified stroke center we are committed to ensuring stroke patients receive the most appropriate treatment according to nationally recognized, research-based guidelines based o”

“Outside medical services: program service expenses 157,680,024. Management and general expenses 0. Fundraising expenses 0. Total expenses 157,680,024. Purchased services: program service expenses 28,863,550. Management and general expenses 17,965,295. Fundraising expenses 0. Total expenses 46,828,845. Professional fees: program service expenses 20,762,752. Management and general expenses -9,750. Fundraising expenses 0. Total expenses 20,753,002.”

“Change in value of charitable remainder trusts -300,177.”