2015-08-17T17:59:00-05:00 2014-09-30 PricewaterhouseCoopers LLP 600 13TH STREET NW SUITE 1000 WASHINGTON DC 20005 990 2013-10-01 237352886 The Valley Foundation % W SCOTT BENCE VALL 2565397757 301 Governors Drive SW Suite Huntsville AL 35801 W SCOTT BENCE TREASURER 2565397757 2015-08-17 true TRAVIS L PATTON P00369623 2565397757 2015-08-17 2013 2016-04-25 22:37:26Z ROBERT CENTOR 301 GOVERNORS DRIVE SW HUNTSVILLE AL 35801 9017294 false X N/A X 1973 AL THE FOUNDATION PROVIDES ASSISTANCE TO THE UNIVERSITY OF ALABAMA AT BIRMINGHAM FOR ITS MEDICAL EDUCATION, TRAINING, AND RESEARCH PROGRAMS. 16 9 57 11 0 0 0 8313985 8715096 198958 302198 0 0 8512943 9017294 0 0 0 0 3604681 3875536 0 0 0 4282592 4624333 7887273 8499869 625670 517425 9357160 10157473 1132149 1426823 8225011 8730650 X TO GRATEFULLY TREAT ALL PATIENTS AND STAFF WITH COMPASSION, RESPECT AND UNDERSTANDING WHILE PROVIDING THE HIGHEST QUALITY MEDICAL CARE AND SERVICE AVAILABLE IN NORTH ALABAMA. WE ARE DEDICATED TO SATISFYING THE INDIVIDUAL NEEDS OF OUR PATIENTS THROUGH PROVIDING EASY ACCESS TO SERVICES IN A SAFE AND CARING ENVIRONMENT WHERE EVERYONE FEELS SPECIAL. THE SCHOOL OF MEDICINE IS DEDICATED TO THE EDUCATION OF PHYSICIANS AND SCIENTISTS IN ALL OF THE DISCIPLINES OF MEDICINE AND BIOMEDICAL INVESTIGATION FOR CAREERS IN PRACTICE, TEACHING AND RESEARCH. NECESSARY TO THIS EDUCATIONAL MISSION IS THE PROVISION OF OUTSTANDING MEDICAL CARE AND SERVICES AND THE ENHANCEMENT OF NEW KNOWLEDGE THROUGH CLINICAL AND BASIC BIOMEDICAL RESEARCH. false false 4618080 0 8715096 PATIENT CARE SERVICES. PATIENT ENCOUNTERS THIS YEAR WERE 86,630. 3139532 0 0 SUPPORT TO THE UNIVERSITY OF ALABAMA AT BIRMINGHAM. THE VALLEY FOUNDATION PROVIDES THE UNIVERSITY OF ALABAMA BIRMINGHAM'S HUNTSVILLE REGIONAL MEDICAL CAMPUS ACCESS TO PATIENTS AND MEDICAL SERVICES TO FACILITATE THE CLINICAL TRAINING NECESSARY TO MEET EDUCATIONAL REQUIREMENTS FOR THIRD AND FOURTH YEAR MEDICAL STUDENTS AND FAMILY MEDICINE RESIDENTS. TRAINING WAS PROVIDED FOR 61 RESIDENTS AND 70 MEDICAL STUDENTS. 395535 0 0 CONTRACTED CLINICAL SERVICES PROVIDED AT TWO NURSING HOMES, THE MADISON COUNTY MENTAL HEALTH CENTER, MADISON COUNTY JAIL, HOSPICE, HEALS CLINIC AND HUNTSVILLE HOSPITAL. 0 0 0 8153147 true false false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 80 0 57 true false false false false false false false false false false X 16 9 true false false false false false false true true false false true true true true true true true true false X W SCOTT BENCE 2565397757 301 GOVERNORS DRIVE SW SUITE 313 F HUNTSVILLE AL 35801 MR W F SANDERS BOARD MEMBER 5.0 0.0 X 0 0 0 MR PETER LOWE BOARD MEMBER 5.0 0.0 X 0 0 0 DR ROBERT CENTOR President, CEO 10.0 40.0 X X 97040 261536 48627 HON SCHUYLER RICHARDSON BOARD MEMBER 5.0 0.0 X MR JOHN WYNN BOARD MEMBER 5.0 0.0 X MR THOMAS YOUNG BOARD MEMBER 5.0 0.0 X DR TARAK VASAVADA BOARD MEMBER 20.0 20.0 X 158607 130428 24864 MR DAVID SPILLERS BOARD MEMBER 5.0 0.0 X DR LAKSHMI NALLAMALA BOARD MEMBER 5.0 0.0 X MR TIM HOWARD BOARD MEMBER 5.0 0.0 X MR WILLIAM FERNIANY BOARD MEMBER 5.0 40.0 X 0 1222637 181924 MR RONALD GRAY BOARD MEMBER 5.0 2.0 X DR PATRICE KNIGHT BOARD MEMBER 20.0 20.0 X 5500 20011 0 DR SELWYN VICKERS CHAIRMAN OF THE BOARD 5.0 40.0 X X 0 64269 7803 MR CHARLES JONES BOARD MEMBER 5.0 0.0 X MR WILLIAM SEXTON BOARD MEMBER 5.0 0.0 X MS MARCIA CHESEBRO BOARD MEMBER 20.0 20.0 X 111446 96948 27752 MS PAULA COTHREN SECRETARY 50.0 0.0 X 117781 0 5745 MR SCOTT BENCE TREASURER 20.0 20.0 X 148817 132919 47964 DR RALPH SAMLOWSKI PHYSICIAN 20.0 30.0 X 131399 114886 32721 DR MELISSA BEHRINGER PHYSICIAN 28.0 22.0 X 115065 82966 16741 DR NANCY BLEVINS PHYSICIAN 21.0 29.0 X 114644 71971 15083 DR JORGE DIAZ PHYSICIAN 20.0 30.0 X 115396 64943 29432 DR MORGAN SARRELS PHYSICIAN 29.0 21.0 X 114708 50863 29916 1230403 2314377 468572 10 false true false NONE 0 0 NET PATIENT REVENUE 900099 8185834 8185834 PAYER INCENTIVES 900099 265424 265424 MISCELLANEOUS 900099 263838 263838 8715096 240055 240055 0 0 0 0 0 62143 62143 62143 62143 0 0 0 0 9017294 8715096 302198 X 0 0 0 0 661087 661087 0 2870610 2870610 0 167178 167178 176661 176661 0 0 39011 39011 0 0 10195 10195 3202053 3117394 84659 6056 6056 40108 9661 30447 0 0 0 26579 2672 23907 0 49463 49463 0 0 8012 8012 251815 248489 3326 BAD DEBT EXPENSE 825292 825292 TRAINING & DEVELOPMENT 26331 26331 DUES & SUBSCRIPTIONS 24729 24729 MEDICAL/BUSINESS LICENSE 24090 24090 90599 8975 81624 8499869 8153147 346722 0 611 611 2848571 2909327 0 0 1101304 985564 0 0 0 0 0 0 0 0 0 0 135332 93189 50155 42143 5063085 5786450 288300 429070 0 0 0 0 5134 4308 9357160 10157473 1132149 1426823 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1132149 1426823 X 8225011 8730650 0 0 0 0 8225011 8730650 9357160 10157473 517425 -11786 X false true X true false X 0 0 0 0 0 0 7458183 7639924 8012192 8313985 8715096 40139380 0 0 0 7458183 7639924 8012192 8313985 8715096 40139380 0 0 0 40139380 87913 93271 379363 214073 240055 1014675 0 87913 93271 379363 214073 240055 1014675 0 0 7546096 7733195 8391555 8528058 8955151 41154055 0.97534 0.97650 0.02466 0.02350 X 135332 93189 42143 42143 8170021 -11786 -825292 -837078 9007099 10195 10195 9017294 7664382 7664382 10195 825292 835487 8499869 PART XI, LINE 2D: PROVISION FOR BAD DEBTS: ($825,292) PART XII, LINE 4B: PROVISION FOR BAD DEBTS: $825,292 X true true X X X X X false false false false false false false false false MR SCOTT BENCE TREASURER 110379 132424 38438 0 0 495 5762 21719 0 20483 154579 175121 0 0 DR ROBERT CENTOR President, CEO 50696 248307 46344 9150 0 4079 2541 40095 0 5991 99581 307622 0 0 DR TARAK VASAVADA BOARD MEMBER 61567 129733 97040 0 0 695 4152 20093 0 619 162759 151140 0 0 DR RALPH SAMLOWSKI PHYSICIAN 84300 113571 47099 750 0 565 0 12699 0 20022 131399 147607 0 0 DR MELISSA BEHRINGER PHYSICIAN 67966 81951 47099 750 0 265 3658 12692 0 391 118723 96049 0 0 MR WILLIAM FERNIANY BOARD MEMBER 0 633822 0 390000 0 198815 0 160041 0 21883 0 1404561 0 0 DR NANCY BLEVINS PHYSICIAN 67545 71000 47099 750 0 221 3635 11109 0 339 118279 83419 0 0 DR JORGE DIAZ PHYSICIAN 97396 64890 18000 0 0 53 3686 7562 0 18184 119082 90689 0 0 DR MORGAN SARRELS PHYSICIAN 73150 50550 41558 0 0 313 3937 8993 0 16986 118645 76842 0 0 MS MARCIA CHESEBRO BOARD MEMBER 68041 95357 43405 0 0 1591 3696 15244 0 8812 115142 121004 0 0 SCHEDULE J, PART I, LINE 1a SOCIAL CLUB DUES WERE PAID FOR W. SCOTT BENCE TO THE LEDGES IN THE AMOUNT OF $1,350 TO ALLOW ACCESS TO CLUB FOR VALLEY AND UAB FUNCTIONS/ACTIVITIES. FORM 990, PART VI, LINE 2: JOHN WYNN & W. F. SANDERS - BUSINESS RELATIONSHIP FORM 990, PART VI, LINE 11B: THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS REVIEW THE DOCUMENT BEFORE IT IS FILED. FORM 990, PART VI, LINE 12C: ANNUAL DISCLOSURES ARE MADE AND SUBMITTED TO LEGAL COUNSEL FOR REVIEW AND MITIGATION SUGGESTIONS. AN AD-HOC COMMITTEE OF THE BOARD THEN REVIEWS AND ENFORCES COMPLIANCE WITH THE POLICY. FORM 990, PART VI, LINE 15A & 15B: COMPENSATION COMMITTEE OF BOARD RETAINS SOLE APPROVAL AUTHORITY FOR COMPENSATION AND IS COMPRISED OF INDEPENDENT DIRECTORS. COMPENSATION COMMITTEE REVIEWS AND COMPARES CURRENT SALARY TO NATIONAL SALARY/WAGE DATA FOR SIMILARLY SITUATED INDIVIDUALS (EG. MGMA, AAMC, SOM, ETC.). FORM 990, PART VI, LINE 19: THE VALLEY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ONLY UPON REQUEST. FORM 990, PART IX, LINE 11G: THE FOUNDATION SHARES WITH THE UNIVERSITY OF ALABAMA THE COSTS OF OPERATING HEALTH CLINICS INCLUDING CHARGES FOR THE USE OF BUILDINGS AND EQUIPMENT OWNED BY THE UNIVERSITY; CHARGES FOR PATIENT TREATMENT SUPPORT COSTS SUCH AS LABORATORY, RADIOLOGY, NURSING, MEDICAL RECORD MAINTENANCE, AND SUPPLIES AND MATERIALS; AND CHARGES FOR ADMINISTRATION AND ACCOUNTING SERVICES. THE FOUNDATION THEN REIMBURSES THE UNIVERSITY FOR THE SERVICES PERFORMED AND EXPENDITURES. THE TOTAL AMOUNT OF THE REIMBURSEMENT FOR FISCAL YEAR 2014 WAS APPROXIMATELY $3.1 MILLION. SEE ATTACHMENT false true false false false false false false false false false false true true true true false false false FORM 990, SCHEDULE R, PART II - NAMES OF RELATED ORGANIZATIONS: THE ATTACHED LIST OF ENTITIES ARE FOUNDATIONS OR SUBSIDIARIES AFFILIATED WITH THE UNIVERSITY OF ALABAMA SYSTEM AND ITS VARIOUS CAMPUSES. SOME OF THESE ENTITIES MAY NOT MEET THE IRS DEFINITION OF "RELATED ORGANIZATION" FOR PURPOSES OF SCHEDULE R. THEY ARE INCLUDED, HOWEVER, ON THIS ATTACHED STATEMENT FOR PURPOSES OF COMPLETENESS AND TRANSPARENCY. THE UNIVERSITY OF ALABAMA SYSTEM OFFICE (EXEMPT) -THE UNIVERSITY FOUNDATION (EXEMPT) THE UNIVERSITY OF ALABAMA (EXEMPT) -THE CAPSTONE FOUNDATION (EXEMPT) -THE CRIMSON TIDE FOUNDATION (EXEMPT) -THE UNIVERSITY OF ALABAMA LAW SCHOOL FOUNDATION (EXEMPT) -1831 FOUNDATION (EXEMPT) -DONOR ADVISED FUND (EXEMPT) -NATIONAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF ALABAMA (EXEMPT) -CAPSTONE HEALTH SERVICES FOUNDATION (EXEMPT) -THE UNIVERSITY OF ALABAMA RESEARCH FOUNDATION (EXEMPT) -UA-ASU-TSU EDUCATIONAL RADIO CORPORATION (EXEMPT) THE UNIVERSITY OF ALABAMA AT BIRMINGHAM (EXEMPT) -THE UAB RESEARCH FOUNDATION (EXEMPT) -THE UAB EDUCATIONAL FOUNDATION (EXEMPT) -MEDICAL TOWERS INC. (EXEMPT) -UAB DIABETES TRUST FOUNDATION (EXEMPT) -NATIONAL ALUMNI SOCIETY OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM (EXEMPT) -UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE ALUMNI ASSOCIATION (EXEMPT) -SOUTHERN RESEARCH INSTITUTE (EXEMPT) -THE GORGAS MEMORIAL INSTITUTE OF TROPICAL & PREVENTATIVE MEDICINE, INC. (EXEMPT) THE UNIVERSITY OF ALABAMA IN HUNTSVILLE (EXEMPT) -THE UNIVERSITY OF ALABAMA IN HUNTSVILLE FOUNDATION (EXEMPT) -THE UNIVERSITY OF ALABAMA IN HUNTSVILLE ALUMNI FOUNDATION (EXEMPT) -THE UNIVERSITY OF ALABAMA IN HUNTSVILLE EMINENT SCHOLARS FOUNDATION (EXEMPT) THE UAB HEALTH SYSTEM (EXEMPT) -UAB HEALTH SYSTEM MANAGEMENT, INC. (EXEMPT) -THE UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION (EXEMPT) -THE MEDICAL ADVANCEMENT FOUNDATION (EXEMPT) -THE CALLAHAN EYE FOUNDATION HOSPITAL (EXEMPT) -THE OPHTHALMOLOGY SERVICES FOUNDATION (EXEMPT) -VALLEY FOUNDATION (EXEMPT) -CALLAHAN EYE HOSPITAL HEALTH CARE AUTHORITY (EXEMPT) -THE HEALTH CARE AUTHORITY FOR MEDICAL WEST (EXEMPT) -THE HEALTH CARE AUTHORITY FOR BAPTIST HEALTH (EXEMPT) -TRITON HEALTH SYSTEM (EXEMPT)