Val Verde Hospital Corporation
88% goes to programs $0 to raise $100
Val Verde Hospital Corporation is a 501(c)(3) organization based in Del Rio, Texas, registered in 2000, with $78,467,797 in FY2021 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
801 N Bedell Ave, Del Rio, TX, 78840 EIN 74-2941598 Since 2000
Revenue (FY2021)
$78.5M
▲ 16.5% vs prior year
Health median: $840K
Expenses (FY2021)
$82.2M
Net assets
$32.3M
Employees
729
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Val Verde Hospital Corporation: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating5 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Val Verde Hospital Corporation: 5 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Val Verde Hospital Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Val Verde Hospital Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
We live to deliver healthcare our community can trust.
What they do
Laboratory services: provided personnel, supplies, facilities and equipment for 249,859 diagnostic tests.
Emergency room: provided personnel, supplies, facilities and equipment for 24,052 visits.
Contact & location
- Address
- 801 N Bedell Ave, Del Rio, TX, 78840
- City
- Del Rio
- State
- Texas
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $68.8M (FY2013) to $78.5M (FY2021) across 9 reported years.
Financial snapshot
Financial health & position (FY2021)
Liabilities $17.0MNet assets $32.3M
Operating margin
-4.7%
Spent more than it raised in the latest fiscal year.
Total assets
$49.3M
Total liabilities
$17.0M
Net assets
$32.3M
Salaries & benefits
$35.6M
43% of expenses
Board members
8
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $78,467,797▲16.5% | $82,150,138▲14.9% | $32,318,571▼10.2% | $49,343,518▼10.6% | 990 |
| 2020 | $67,354,534▼19.9% | $71,474,533▲4.3% | $36,000,912▼10.3% | $55,210,995▼0.7% | 990 |
| 2019 | $84,129,348▲1.0% | $68,520,941▼7.8% | $40,120,911▲63.7% | $55,584,024▲25.9% | 990 |
| 2018 | $83,273,369▼3.6% | $74,324,546▼12.2% | $24,512,504▼48.8% | $44,153,672▼24.9% | 990 |
| 2017 | $86,411,096▲13.0% | $84,672,892▲12.9% | $47,868,448▲78.4% | $58,817,661▲27.1% | 990 |
| 2016 | $76,500,694▼3.6% | $75,005,694▲2.3% | $26,831,849▼32.7% | $46,259,874▼28.6% | 990 |
| 2015 | $79,325,361▲15.4% | $73,315,934▲4.5% | $39,842,847▲18.7% | $64,786,045▲32.4% | 990 |
| 2014 | $68,745,179▼0.1% | $70,127,356▲7.8% | $33,578,097▼8.1% | $48,923,717▼1.3% | 990 |
| 2013 | $68,823,916 | $65,073,711▲7.6% | $36,527,859▲22.0% | $49,570,756▲39.4% | 990 |
| 2012 | — | $60,479,851▲10.3% | $29,931,640▲24.6% | $35,566,553▲26.2% | 990 |
| 2011 | — | $54,833,013▲5.6% | $24,018,934▲30.8% | $28,189,281▲22.4% | 990 |
| 2010 | — | $51,917,006▲3.7% | $18,364,987▲17.5% | $23,022,012▲8.1% | 990 |
| 2009 | — | $50,059,913 | $15,633,607 | $21,299,743 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2021)
Highest-paid: Michele Di Blasi — $692,674 (0.84% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michele Di Blasi | Physician | 40 | $692,674 |
| Terry M Lindsey | Chief of Staff | 40 | $578,445 |
| Kenneth P Moore | Physician | 40 | $550,802 |
| Ira L Floyd | Physician | 40 | $505,797 |
| David Hernandez | Physician | 40 | $480,150 |
| Mark G Manning | Physician | 40 | $452,031 |
| Linda S Walker | Ceo | 40 | $424,898 |
| Carlos Torres | Chro | 40 | $217,770 |
| Claudia C Falcon | Cfo | 40 | $206,045 |
| Keith Willey | Cio | 40 | $165,481 |
| Jorge Jurado I | Coo | 40 | $145,273 |
| Brisa Lopez | Cno Start: 5/8/22 | 40 | $115,104 |
| Lisa Tarkington | Cno End: 10/15/21 | 40 | $56,374 |
| Norma Teran | Cno End: 4/28/22 | 40 | $29,408 |
| Alvaro Arreola | Director End: 05/22 | 1 | — |
| Cris A Diaz | Secretary Start: 05/22 | 1 | — |
| Dr Aurelio Laing III | Director End: 05/22 | 1 | — |
| Dr Daniel Joseph Chartrand | Director | 1 | — |
| Dr Julio Otazio | Chairman | 1 | — |
| Dr Lee Keenen | Director Start: 05/22 | 1 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| Victoria Emergency Partners LLC | Physician Fees | $1,289,640 |
| Fisher Scientific Company LLC | Scientific Tech Svs | $555,947 |
| Dlc Wellness | Physician Services | $551,875 |
| Zadorozny Anesthesia Svcs Inc | Anesthesia Services | $387,616 |
| Cloudmed | Revenue Tech Svcs | $373,094 |
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Compare Val Verde Hospital Corporation
Frequently asked questions
- Is Val Verde Hospital Corporation a legitimate nonprofit?
- Yes. Val Verde Hospital Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2941598, based in Del Rio, Texas. Donations are tax-deductible.
- What is Val Verde Hospital Corporation's EIN?
- Val Verde Hospital Corporation's Employer Identification Number (EIN) is 74-2941598.
- How much revenue does Val Verde Hospital Corporation report?
- Val Verde Hospital Corporation reported $78,467,797 in total revenue on its fiscal year 2021 IRS Form 990 filing.
- How much of Val Verde Hospital Corporation's spending goes to programs?
- Val Verde Hospital Corporation spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Val Verde Hospital Corporation have?
- CharityIndex grades Val Verde Hospital Corporation A, based on program efficiency and fundraising cost.
- How much does Val Verde Hospital Corporation's highest-paid employee make?
- The highest reported compensation on Val Verde Hospital Corporation's latest Form 990 is $692,674, paid to Michele Di Blasi (Physician).
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Data for Val Verde Hospital Corporation (EIN 74-2941598) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.