2026-05-18T18:05:04-05:00 2025-06-30 934792291 SORREN INC 90 S CASCADE AVE SUITE 700 COLORADO SPRINGS CO 80903 990 2024-07-01 840706945 VALLEY-WIDE HEALTH SYSTEMS INC VALL 7195895161 128 MARKET STREET ALAMOSA CO 81101 JANIA ARNOLDI CEO 7195895161 2026-05-14 1 0 DOREEN MERZ P00841439 7196301186 2026-05-14 2024 2025-03-06 01:10:19Z JANIA ARNOLDI 128 MARKET STREET ALAMOSA CO 81101 65469752 0 X WWW.VALLEY-WIDEHEALTH.ORG X 1976 CO VWHS IS COMMITTED TO PROVIDING HIGH-QUALITY, SAFE, EFFECTIVE AND INTEGRATED (CONT'D ON SCH O)(CONTINUED) HEALTH CARE IN A RESPECTFUL MANNER FOR ALL WITH SPECIAL CONSIDERATION FOR MEDICALLY UNDERSERVED. 10 10 769 11 0 0 10523054 11422672 53529265 52845720 1164573 623541 0 85549 65216892 64977482 5587468 1263789 0 0 46167416 42643768 0 0 65140 19117960 20880523 70872844 64788080 -5655952 189402 79100975 89214008 16903158 18460612 62197817 70753396 X VALLEY-WIDE HEALTH SYSTEMS IS COMMITTED TO PROVIDING HIGH-QUALITY, SAFE, EFFECTIVE AND INTEGRATED HEALTH CARE SERVICES IN A RESPECTFUL AND INCLUSIVE MANNER FOR ALL WITH SPECIAL CONSIDERATION FOR MEDICALLY UNDERSERVED POPULATIONS. 0 0 51117321 1263789 52845720 VALLEY-WIDE HEALTH SYSTEMS, INC. IS A NON-PROFIT, COMMUNITY HEALTH CENTER, SERVING 17 COUNTIES IN SOUTHERN RURAL COLORADO SINCE 1976, WITH FULL AAAHC ACCREDITATION. THE MISSION OF THE ORGANIZATION DIRECTS VALLEY-WIDE'S SCOPE OF SERVICES WHICH IS TO PROVIDE QUALITY, COMPREHENSIVE HEALTHCARE SERVICES IN A RESPECTFUL AND INCLUSIVE MANNER, WITH SPECIAL CONSIDERATION FOR MEDICALLY UNDERSERVED POPULATIONS. SPECIFICALLY INCLUDED ARE PATIENTS WHO ARE UNINSURED, UNDERINSURED, OR WHO HAVE LIMITED ACCESS TO PRIMARY HEALTH AND DENTAL CARE SERVICES. VALLEY-WIDE PROVIDES SAFE AND EFFECTIVE COMPREHENSIVE PRIMARY, ORAL HEALTH CARE, AND BEHAVIORAL HEALTH SERVICES TO IMPROVE THE HEALTH STATUS OF UNDERSERVED AND VULNERABLE POPULATIONS, THIS INCLUDES (CONTINUED ON SCHEDULE O) (CONTINUED) A FARM WORKER HEALTH SERVICE PROGRAM THAT PROVIDES SERVICES THROUGH VOUCHERS IN AREAS OF THE STATE THAT DO NOT HOUSE C/MHCS. DURING FISCAL YEAR 2024/2025 VALLEY-WIDE PROVIDED 148,982 PATIENTSERVICES VISITS. 51117321 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 48 0 769 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X JANIA ARNOLDI 7195895161 128 MARKET STREET ALAMOSA CO 81101 CELINA ESPINOZA VICE CHAIR 2.00 X X 0 0 0 JEREMY SILVA CHAIR 2.00 X X 0 0 0 TREVOR LA COST TREASURER 2.00 X X 0 0 0 MICHELLE VELASQUEZ SECRETARY 2.00 X X 0 0 0 MICHELLE FERRERA BOARD MEMBER 1.00 X 0 0 0 LINDA L DEHERRERA BOARD MEMBER 1.00 X 0 0 0 ALONDRA MALDONADO BOARD MEMBER 1.00 X 0 0 0 MATTHEW MARTINEZ BOARD MEMBER 1.00 X 0 0 0 RAUL RAMOS BOARD MEMBER 1.00 X 0 0 0 THOMAS CASE BOARD MEMBER (FROM 8/2024) 1.00 X 0 0 0 JANIA ARNOLDI CHIEF EXECUTIVE OFFICER 40.00 X 293951 0 52519 JAVIER MARTINEZ CHIEF FINANCIAL OFFICER 40.00 2.00 X 144723 0 22558 DANIEL TAILLEUR PROVIDER 40.00 X 232296 0 10404 NORMAN MACLEOD PROVIDER 40.00 X 219684 0 30108 EMELIN MARTINEZ CHIEF MEDICAL OFFICER 40.00 X 216884 0 19002 TAMMY GREGG PROVIDER 40.00 X 208565 0 45366 ALLISON LIND PROVIDER 40.00 X 204668 0 9259 1520771 0 189216 61 0 1 0 CLEAN AS A WHISTLE JANITORIAL 8211 S HWY 285 ALAMOSA CO 81101 JANITORIAL SERVICES 554912 RTA INC 19 S TEJON ST STE 300 COLORADO SPRINGS CO 80903 ARCHITECT SERVICES 375849 ALCON CONSTRUCTION 12233 CNTY RD 5 S ALAMOSA CO 81101 CONSTRUCTION SERVICES 361386 TIMEDOC INC 1391 KILDAIRE FARM ROAD STE 1137 CARY NC 27511 ANCILLARY SERVICES 339010 GNATHODONTICS LTD 10488 WEST 6TH PLACE LAKEWOOD CO 80215 DENTAL LAB SERVICES 313565 10 11419470 3202 1815810 11422672 PATIENT REVENUE 621400 34595672 34595672 CONTRACT SERVICES 621400 9525112 9525112 340B GOVERNMENT PHARMACY SERVICE 621400 7515306 7515306 OTHER REVENUE 621400 611751 611751 COMMUNITY HEALTH PROVIDER ALLIANC 621400 597879 597879 52845720 877140 877140 85549 0 85549 85549 85549 238671 492270 -253599 -253599 -253599 64977482 52845720 0 709090 X 1263789 1263789 551015 485875 65140 32266590 24669318 7597272 1014458 746824 267634 6450581 4666557 1784024 2361124 1768055 593069 28510 28510 589069 27782 561287 6491198 5934421 556777 83381 12811 70570 563365 439080 124285 16941 16941 1946756 1494742 452014 610255 440667 169588 38229 458 37771 264407 249138 15269 1652046 1507550 144496 PHARMACY, MEDICAL SUPPL 6474538 6372798 101740 BAD DEBT EXPENSE - PROG 850331 850331 EQUIP RENTAL, REPAIR & 531449 459722 71727 OTHER EXPENSE 519856 139118 380738 220192 57219 162973 64788080 51117321 13605619 65140 16604 16630 28023191 19969926 1137039 4944186 6406113 13951171 553263 535172 1585361 790435 60863964 16655514 39925921 44208450 1453483 996555 3801483 79100975 89214008 3392347 4107602 265362 17564 11385926 8500877 1859523 5834569 16903158 18460612 X 62197817 70753396 62197817 70753396 79100975 89214008 X 189402 7863967 502210 X X 0 1 X 1 1 1 X 17140765 12755276 16416647 10523054 11422672 68258414 17140765 12755276 16416647 10523054 11422672 68258414 68258414 37627 26621 384587 1210917 962689 2622441 70880855 225846551 0.96300 0.97500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99663 99663 64688417 64788080 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 87315 13445 99663 200423 250000 250000 250000 250000 1000000 1500000 77978 13445 99663 191086 2782799 2782799 45003209 11963786 33039423 100613 71294 29319 5794114 4620434 1173680 7183229 7183229 44208450 ACCRUED PTO 1580487 ACCRUED PHYSICIAN PTO 200709 INTERCOMPANY DUE FROM (FGI) 10815 INTERCOMPANY DUE FROM (VW FDN) 4042558 5834569 X 64708930 -268552 -268552 64977482 0 64977482 64017318 -770762 -770762 64788080 0 64788080 PART X, LINE 2: THE HEALTH SYSTEM IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. THE HEALTH SYSTEM BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE REPORTED WITHIN AUDITED REVENUE -850,331. ACCRUAL OF TCHF NOTE PAYABLE DISCOUNT 335,920. EQUITY METHOD EARNINGS IN INVESTMENTS 245,859. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE REPORTED WITHIN AUDITED REVENUE -850,331. CURRENT YEAR AMORTIZATION OF TCHF NOTE PAYABLE DISCOUNT 79,569. 1 WIC VOUCHERS 1197 1263789 STATED VALUE VOUCHERS FOR FOOD PART I, LINE 2: MONITORING: ALL RECIPIENTS ARE DIRECTLY PROVIDED THE BENEFITS. ALL RECIPIENTS HAVE COMPLETED THE NECESSARY DOCUMENTATION AND MET THE REQUIREMENT TO QUALIFY FOR THE BENEFITS RECEIVED SCHEDULE I, PART 3, LINE 1 THE NUMBER OF RECIPIENTS IS BASED ON THE NUMBER OF FAMILIES IDENTIFIED AS RECEIVING THE WIC VOUCHERS. X X 0 0 0 0 0 0 0 1 0 JANIA ARNOLDI CHIEF EXECUTIVE OFFICER 261223 0 25000 0 7728 0 11947 0 40572 0 346470 0 0 0 TAMMY GREGG PROVIDER 191798 0 2000 0 14767 0 8403 0 36963 0 253931 0 0 0 NORMAN MACLEOD PROVIDER 212268 0 0 0 7416 0 5526 0 24582 0 249792 0 0 0 DANIEL TAILLEUR PROVIDER 207648 0 23100 0 1548 0 9230 0 1174 0 242700 0 0 0 EMELIN MARTINEZ CHIEF MEDICAL OFFICER 209712 0 2000 0 5172 0 8242 0 10760 0 235886 0 0 0 ALLISON LIND PROVIDER 175402 0 0 0 29266 0 8173 0 1086 0 213927 0 0 0 JAVIER MARTINEZ CHIEF FINANCIAL OFFICER 144399 0 0 0 324 0 6064 0 16494 0 167281 0 0 0 SCHEDULE J, PART II, LINE 1 CEO JANIA ARNOLDI RECEIVED A BONUS DURING THE 2024 CALENDAR YEAR AT THE DISCRETION OF THE BOARD. X 1197 1263789 STATED VALUE X 7063 552021 STATED VALUE 0 1 0 PART I, COLUMN (B): COLUMN (B) FOR LINE 19, FOOD INVENTORY, REPORTS THE NUMBER OF FAMILIES ASSISTED WITH WIC VOUCHERS. COLUMN (B) FOR LINE 20, DRUG AND MEDICAL SUPPLIES, REPORTS THE NUMBER OF VACCINES RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 VALLEY-WIDE HEALTH SERVICES' (VWHS) CHIEF FINANCIAL OFFICER, JAVIER MARTINEZ, ALSO SERVES AS BOARD CHAIR OF THE RELATED ORGANIZATIONS, FAMILY GUIDANCE INSTITUTE (FGI) AND VALLEY-WIDE FOUNDATION, INC (FDN) . BASED ON THE IRS DEFINITION OF A BUSINESS RELATIONSHIP, JAVIER MARTINEZ HAS A BUSINESS RELATIONSHIP WITH THE FOLLOWING VWHS EMPLOYEES, DUE TO THE EMPLOYEES' EMPLOYMENT WITH VWHS WHILE CONCURRENTLY SERVING ON THE BOARD OF DIRECTORS FOR THE RELATED ORGANIZATIONS (FGI, FDN) : LARRY HELMS AND MARISA ATENCIO. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AT THE MONTHLY BOARD OF DIRECTORS MEETING PRIOR TO THE SUBMISSION OF THE 990 TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE ORGANIZATION REVIEWS AND DISCUSSES THE CONFLICT OF INTEREST POLICY AND REQUESTS THAT EACH BOARD MEMBER LIST AND ACKNOWLEDGE ANY KNOWN CONFLICTS. ALL MEMBERS OF THE BOARD OF DIRECTORS AND STAFF ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. AT EACH BOARD AND COMMITTEE MEETING, IF THERE IS A DISCUSSION OF SELECTING OR ENGAGING A VENDOR OR SERVICE PROVIDER, ALL IN ATTENDANCE ARE ASKED TO RECUSE THEMSELVES FROM THIS DISCUSSION IF THERE COULD BE A PERCEIVED CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER BY COMPARING HER COMPENSATION TO THE COMPENSATION OF INDIVIDUALS IN LIKE POSITIONS, IN COMPARABLE ORGANIZATIONS USING FORMS 990, COMPENSATION STUDIES, AND OTHER AVAILABLE DATA INCLUDING, BUT LIMITED TO: CCHN, BOFL AND MOUNTAIN STATE EMPLOYEE COMPENSATION SURVEYS. THE BOARD THEN APPROVES ANY CHANGES IN COMPENSATION BASED ON THIS INFORMATION. THE CHIEF EXECUTIVE OFFICER IS RESPONSIBLE FOR EVALUATING PAY RATES OF OTHER KEY EMPLOYEES USING THE SAME COMPENSATION STUDIES AND DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS WHEN REQUESTED IN WRITING OR IN PERSON. FORM 990, PART IX, LINE 11G LICENSING & SUPPORT: PROGRAM SERVICE EXPENSES 1,747,744. MANAGEMENT AND GENERAL EXPENSES 368,705. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,116,449. PURCHASED MEDICAL SERV: PROGRAM SERVICE EXPENSES 2,594,334. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,594,334. MANAGEMENT CONSULTANT: PROGRAM SERVICE EXPENSES 714,820. MANAGEMENT AND GENERAL EXPENSES 111,970. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 826,790. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 825,003. MANAGEMENT AND GENERAL EXPENSES 76,102. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 901,105. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 52,520. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,520. FORM 990, PART IX, LINE 20 INTEREST EXPENSE FORM 990, PART X, LINE 23 SECURED NOTES PAYABLE FORM 990, PART XI LINE 9 OTHER CHANGE IN NET ASSETS VALLEYWIDE HEALTH SERVICES ("VWHS") PARTICIPATES IN FINANCING ARRANGEMENTS STRUCTURED UNDER THE FEDERAL NEW MARKET TAX CREDIT (NMTC) PROGRAM. THE NMTC PROGRAM WAS ESTABLISHED BY CONGRESS TO ENCOURAGE PRIVATE INVESTMENT IN QUALIFIED LOW-INCOME COMMUNITIES BY PROVIDING FEDERAL INCOME TAX CREDITS TO INVESTORS. COMMUNITY DEVELOPMENT ENTITIES (CDES) RECEIVE NMTC ALLOCATION AUTHORITY AND USE INVESTOR CAPITAL TO PROVIDE FINANCING TO QUALIFYING OPERATING PROJECTS, OFTEN AT BELOW-MARKET INTEREST RATES WITH POTENTIAL FORGIVENESS IF COMPLIANCE REQUIREMENTS ARE MET. VWHS IS THE OPERATING HEALTH SYSTEM AND PRIMARY BORROWER UNDER TWO NMTC FINANCING TRANSACTIONS USED TO RENOVATE AND OPERATE ITS ROCKY FORD CLINIC AND ITS 702 4TH STREET CLINIC. UNDER THESE ARRANGEMENTS, VWHS RECEIVED LONG-TERM LOANS WITH INTEREST RATES SIGNIFICANTLY BELOW PREVAILING MARKET RATES. THE LOANS INCLUDE PROVISIONS UNDER WHICH SOME OR ALL OF THE PRINCIPAL MAY BE FORGIVEN AT THE END OF THE COMPLIANCE PERIOD, PROVIDED THAT PROGRAM REQUIREMENTS ARE SATISFIED. MANAGEMENT INTENDS TO USE ALL LOAN PROCEEDS FOR QUALIFYING PURPOSES AND EXPECTS TO REMAIN IN COMPLIANCE WITH THE NMTC PROGRAM. BECAUSE THE STATED INTEREST RATES ON THE NMTC LOANS ARE BELOW MARKET, THE LOANS WERE RECORDED AT THEIR PRESENT VALUE AT ISSUANCE. THE DIFFERENCE BETWEEN THE LOAN PROCEEDS RECEIVED AND THE PRESENT VALUE RECORDED REPRESENTS AN IMPUTED INTEREST DISCOUNT. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE AMORTIZATION AND RECOGNITION OF THIS DISCOUNT RESULTED IN A NONCASH CHANGE IN NET ASSETS, WHICH IS REPORTED AS AN OTHER CHANGE IN NET ASSETS ON THE FORM 990. THIS ACCOUNTING TREATMENT REFLECTS THE ECONOMIC BENEFIT OF BELOW-MARKET FINANCING RATHER THAN CURRENT YEAR OPERATING REVENUE. FORM 990, PART XI, LINE 9: CURRENT YEAR AMORTIZATION OF DISCOUNT ON NMTC NOTE PAYABLE-1 -47,621. TO RECORD INITIAL DISCOUNT ON TCHF NOTE PAYABLE 335,920. CURRENT YEAR AMORTIZATION OF DISCOUNT ON TCHF NOTE PAYABLE -31,948. EQUITY METHOD EARNINGS IN INVESTMENTS 245,859. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE SELECTION OF A FINANCIAL STATEMENT AUDITOR OR IN THE REVIEW OF THE FINANCIAL STATEMENT AUDIT, FROM PRIOR YEARS. FORM 990, PART XI, LINE 8 PRIOR PERIOD ADJUSTMENTS DURING THE YEAR, THE ORGANIZATION RECORDED A PRIOR-PERIOD ADJUSTMENT TO BEGINNING NET ASSETS TO REFLECT THE RESTATEMENT OF ITS JUNE 30, 2024 FINANCIAL STATEMENTS FOR ERRORS IDENTIFIED IN THE INITIAL ACCOUNTING FOR (1) THE NEW MARKETS TAX CREDIT (NMTC) FINANCING ARRANGEMENT AND (2) CERTAIN INVESTMENTS IN PRIVATE COMPANIES. MANAGEMENT DETERMINED THAT THE RESTATEMENT WAS NECESSARY FOR THE FINANCIAL STATEMENTS TO CONFORM WITH U.S. GAAP. WITH RESPECT TO THE NMTC FINANCING ARRANGEMENT, THE RELATED NOTE PAYABLE AND NOTE RECEIVABLE, EACH BEARING INTEREST AT 1.173%, WERE NOT ORIGINALLY EVALUATED FOR CONSISTENCY WITH MARKET INTEREST RATES AT ISSUANCE. UPON FURTHER REVIEW, MANAGEMENT DETERMINED THAT THE INSTRUMENTS SHOULD HAVE BEEN RECORDED AT FAIR VALUE, WITH DISCOUNTS AMORTIZED OVER THE TERM OF THE INSTRUMENTS USING THE EFFECTIVE INTEREST METHOD. AS OF JUNE 30, 2024, THE RESTATEMENT RECORDED A DISCOUNT OF $4,506,835 ON THE NMTC NOTE PAYABLE. THE NET EFFECT OF THE NMTC CORRECTION INCREASED NET ASSETS BY $4,506,835. IN ADDITION, THE ORGANIZATION DETERMINED THAT CERTAIN INVESTMENTS IN PRIVATE COMPANIES SHOULD HAVE BEEN ACCOUNTED FOR UNDER THE EQUITY METHOD RATHER THAN THE COST METHOD BECAUSE THE ORGANIZATION HAD OBTAINED THE ABILITY TO EXERCISE SIGNIFICANT INFLUENCE OVER THE AFFILIATES' OPERATING AND FINANCIAL POLICIES. AS OF JUNE 30, 2024, THIS CORRECTION INCREASED INVESTMENTS IN PRIVATE COMPANIES BY $3,357,132 AND INCREASED NET ASSETS BY THE SAME AMOUNT. ACCORDINGLY, THE TOTAL PRIOR-PERIOD ADJUSTMENT INCREASED BEGINNING NET ASSETS BY $7,863,967 AS OF JULY 1, 2024. BEGINNING BALANCES REPORTED IN FORM 990, PART X, COLUMN (A), REMAIN CONSISTENT WITH THE PRIOR-YEAR FILED FORM 990. THE RESTATEMENT HAS BEEN REFLECTED AS A PRIOR-PERIOD ADJUSTMENT IN FORM 990, PART XI, AND RECONCILED TO THE AUDITED FINANCIAL STATEMENTS. SOUTHEAST WELLNESS WORKS LLC 128 MARKET STREET ALAMOSA CO 81101 271388813 PHYS THERAPY CO 0 0 VWHS VALLEY-WIDE FOUNDATION INC 128 MARKET STREET ALAMOSA CO 81101 993325347 NEW MARKET TAX CREDIT ACTIVITY CO 501(C)(3) LINE 12A, I VALLEY-WIDE HEALTH SYSTEMS INC 1 FAMILY GUIDANCE INSTITUTE 128 MARKET STREET ALAMOSA CO 81101 742188315 NEW MARKET TAX CREDIT ACTIVITY CO 501(C)(3) LINE 7 VALLEY-WIDE HEALTH SYSTEMS INC 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 VALLEY-WIDE FOUNDATION INC D 8944000 ACCTS REC YE BALANCE VALLEY-WIDE FOUNDATION INC E 4042558 YE LOAN BALANCE