Valley Behavioral Health Incorporated
82% goes to programs $1 to raise $100 Strong reserves
Valley Behavioral Health Incorporated is a 501(c)(3) organization based in Salt Lake Cty, Utah, registered in 1984, with $76,829,487 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
4460 S Highland Dr Ste 200, Salt Lake Cty, UT, 84124 EIN 94-2938348 Since 1984
Revenue (FY2024)
$76.8M
▲ 4.1% vs prior year
Mental Health median: $333K
Expenses (FY2024)
$77.9M
Net assets
$48.0M
Employees
943
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 rating82% to programs · $1 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 Valley Behavioral Health Incorporated: 82% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · -1% 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 Valley Behavioral Health Incorporated: 7 mo reserves · -1% margin earns a A 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 Valley Behavioral Health Incorporated: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Valley Behavioral Health Incorporated: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide and administer mental health and alcohol and drug abuse services for the salt lake, summit, and tooele county, utah areas.
What they do
Housing - provides housing and related services to mentally ill, low-income or other at-risk groups.
Intellectual or developmental disabilities is focused on those in the autism spectrum.
Client services - provides various additional psychiatric services for clients.
Contact & location
- Address
- 4460 S Highland Dr Ste 200, Salt Lake Cty, UT, 84124
- City
- Salt Lake Cty
- State
- Utah
- Subcategory
- Mental Health Treatment
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $50.1M (FY2013) to $76.8M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $10.9MNet assets $48.0M
Operating margin
-1.4%
Spent more than it raised in the latest fiscal year.
Total assets
$58.9M
Total liabilities
$10.9M
Net assets
$48.0M
Salaries & benefits
$42.5M
55% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,829,487▲4.1% | $77,867,889▼0.5% | $48,004,523▼2.3% | $58,941,361▼3.4% | 990 |
| 2023 | $73,830,268▼5.1% | $78,223,188 | $49,116,909▼8.0% | $61,007,084▲1.3% | 990 |
| 2022 | $77,833,445▲8.3% | $78,195,244▲6.0% | $53,408,009▼0.7% | $60,247,434▲1.0% | 990 |
| 2021 | $71,897,709▼8.3% | $73,784,557▲5.6% | $53,798,229▼3.3% | $59,629,146▼4.4% | 990 |
| 2020 | $78,430,767▲16.4% | $69,879,713▲9.5% | $55,611,874▲18.6% | $62,349,560▲16.5% | 990 |
| 2019 | $67,384,214▲25.8% | $63,836,277▲16.0% | $46,905,431▲1.1% | $53,526,154▼2.7% | 990 |
| 2018 | $53,546,551▲4.0% | $55,049,485▲6.3% | $46,385,872▼6.5% | $55,019,459▼3.2% | 990 |
| 2017 | $51,482,218▲0.9% | $51,791,553▼1.8% | $49,608,391▼1.5% | $56,845,298▼4.5% | 990 |
| 2016 | $51,044,554▼0.4% | $52,732,959▲1.7% | $50,375,114▼5.3% | $59,515,399▼8.3% | 990 |
| 2015 | $51,265,901▲2.3% | $51,827,588▼2.8% | $53,182,753▼8.0% | $64,890,582▼1.1% | 990 |
| 2013 | $50,129,729 | $53,294,610▼8.8% | $57,782,807▼6.3% | $65,584,480▼7.4% | 990 |
| 2012 | — | $58,442,903▼21.4% | $61,679,412▲0.5% | $70,830,656▼16.1% | 990 |
| 2011 | — | $74,328,444▼13.6% | $61,363,846▼12.2% | $84,411,408▼8.6% | 990 |
| 2010 | — | $85,992,074 | $69,883,499 | $92,342,846 | 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 (FY2024)
Highest-paid: B Todd Thatcher — $393,440 (0.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| B Todd Thatcher | Vp - Medical Services | 40 | $393,440 |
| Jared Sanford | Chief Executive Officer | 40 | $385,550 |
| Spencer Seaquist | Chief Financial Officer | 40 | $208,963 |
| Julie Rael | Chief Clinical Officer | 40 | $154,225 |
| Steve Havertz | Vp - Adult Services | 40 | $150,983 |
| Julie Winn | Vp - Child/family/idd Serv | 40 | $149,955 |
| Russell Opatz | Vp - Housing/support Servi | 40 | $149,612 |
| Cameron Mcbride | Board Secretary | 1 | — |
| Jim Dunnigan | Vice Chair | 1 | — |
| John Hanshaw | Board Chair | 1 | — |
| Julia Hood | Board Member | 1 | — |
| Kenneth Woolley | Board Member | 1 | — |
| Lynette Hansen | Board Member | 1 | — |
| Mitch Tibbitts | Board Treasurer | 1 | — |
| Russ Elbel | Board Member | 1 | — |
| Stan Beagley | Board Secretary | 1 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| Christopher Cavin | Licensed Clinical Social Worker | $113,044 |
Grants received · $201K total
5 grants to Valley Behavioral Health Incorporated totaling $201K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Intermountain Community Care Foundation Inc | Support community health | 2024 | $147,500 |
| The Community Foundation of Utah | General support | 2024 | $18,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $5,100 |
| Raymond James Charitable Endowment Fund | General use and/or special fund/project | 2019 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $5,075 |
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Frequently asked questions
- Is Valley Behavioral Health Incorporated a legitimate nonprofit?
- Yes. Valley Behavioral Health Incorporated is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 94-2938348, based in Salt Lake Cty, Utah. Donations are tax-deductible.
- What is Valley Behavioral Health Incorporated's EIN?
- Valley Behavioral Health Incorporated's Employer Identification Number (EIN) is 94-2938348.
- How much revenue does Valley Behavioral Health Incorporated report?
- Valley Behavioral Health Incorporated reported $76,829,487 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Valley Behavioral Health Incorporated's spending goes to programs?
- Valley Behavioral Health Incorporated spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Valley Behavioral Health Incorporated have?
- CharityIndex grades Valley Behavioral Health Incorporated A, based on program efficiency and fundraising cost.
- How much does Valley Behavioral Health Incorporated's highest-paid employee make?
- The highest reported compensation on Valley Behavioral Health Incorporated's latest Form 990 is $393,440, paid to B Todd Thatcher (Vp - Medical Services).
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Data for Valley Behavioral Health Incorporated (EIN 94-2938348) 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.