Nonprofit · EIN 86-0732836
COBRE VALLEY REGIONAL MEDICAL CENTER
Tax-exempt · GLOBE, AZ 85501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $115,441,747 | $99,429,754 | $16,011,993 | $176,141,030 | $65,347,840 | $110,793,190 |
| December 31, 2023 | 990 | $103,795,634 | $89,784,044 | $14,011,590 | $157,588,831 | $63,958,770 | $93,630,061 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,209,728
- of which government grants
- $1,208,978
- Program service revenue
- $109,579,939
- Investment income
- $3,740,096
- Net rental income
- $321,962
- Other revenue
- $911,984
Expenses
- Grants and similar amounts paid
- $30,777
- Compensation of officers, directors and key employees
- $8,775
- Other salaries and wages
- $34,768,483
- Salaries, compensation and benefits (total)
- $41,525,918
- Professional fundraising fees
- $0
- Legal fees
- $220,049
- Accounting fees
- $49,150
- Occupancy
- $1,077,578
- Depreciation
- $5,479,059
- Program services (functional)
- $59,178,557
- Management and general (functional)
- $40,251,197
Balance sheet and other
- Total assets, start of year
- $157,588,831
- Total assets, end of year
- $176,141,030
- Total liabilities, end of year
- $65,347,840
- Net assets, end of year
- $110,793,190
- Land, buildings and equipment
- $40,151,764
- Net assets without donor restrictions
- $109,724,372
- Net assets with donor restrictions
- $1,068,818
- Gross receipts
- $115,441,747
- Employees
- 569
- Volunteers
- 30
- Year formed
- 1988
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Scott Croft | Physician | 40 | $530,754 | $55,396 |
| Patrick Law | Physician | 40 | $539,211 | $33,578 |
| Peter Seipel | Physician | 40 | $450,094 | $49,179 |
| Scott Revell | Physician | 40 | $435,380 | $37,143 |
| Karen Gremminger | Physician | 40 | $463,332 | $0 |
| Dr Alan Osumi | Trustee Trustee or director | 1 | $0 | $8,775 |
| Jendean Sartain | Chair Trustee or director | 1 | $0 | $0 |
| Judy Bessee | Vice Chair Trustee or director | 1 | $0 | $0 |
| Jack Bradford | Treasurer Trustee or director | 1 | $0 | $0 |
| Fernando Shipley | Secretary Trustee or director | 1 | $0 | $0 |
| Robert Hollis | Trustee Trustee or director | 1 | $0 | $0 |
| Ed Carpenter | Trustee Trustee or director | 1 | $0 | $0 |
| James B Rasmussen | Trustee Trustee or director | 1 | $0 | $0 |
| Paula Horn | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Patrick Law | Physician | 40 | $588,169 | $0 |
| Scott Croft | Physician | 40 | $560,543 | $0 |
| Scott Revell | Physician | 40 | $555,859 | $0 |
| Peter Seipel | Physician | 40 | $506,917 | $0 |
| Karen Gremminger | Physician | 40 | $440,800 | $0 |
| Dr Alan Osumi | Trustee Trustee or director | 1 | $0 | $12,363 |
| Robert Hollis | Chair Trustee or director | 1 | $0 | $0 |
| Jendean Sartain | Vice Chair Trustee or director | 1 | $0 | $0 |
| Ed Carpenter | Treasurer Trustee or director | 1 | $0 | $0 |
| Janice Cook | Secretary Trustee or director | 1 | $0 | $0 |
| Fernando Shipley | Trustee Trustee or director | 1 | $0 | $0 |
| Judy Bessee | Trustee Trustee or director | 1 | $0 | $0 |
| James B Rasmussen | Trustee Trustee or director | 1 | $0 | $0 |
| Carolyn Mawson Haro | Trustee Trustee or director | 1 | $0 | $0 |
| Jack Bradford | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5880 S HOSPITAL DR, GLOBE, AZ 85501-9447
- In care of
- % NEAL JENSEN
- Principal officer (990 for 2024)
- Harold Dupper CFO
- Signed the 990
- Harold Dupper, CFO
- Phone
- (928) 425-3261
- Website
- www.cvrmc.org
- Return prepared by
- Inger Alice Camille Sullenger
Mission
The mission of our Hospital is to develop and maintain a local health care delivery system that serves the region with quality, efficiency and compassion.
Program accomplishments
- FOR THE YEAR ENDED 12/31/2024, COBRE VALLEY REGIONAL MEDICAL CENTER (CVRMC) CARRIED OUT 157,476 PATIENT VISITS, COMPRISED AS: 72,594 HOSPITAL OUTPATIENT, 15,439 OUTPATIENT EMERGENCY VISITS, 67,503 CLINIC OUTPATIENT, AND 1940 HOSPITAL INPATIENT.ALONG WITH PROVIDING ACUTE HEALTHCARE SERVICES TO THE COMMUNITY AS A NON-PROFIT ENTITY, CVRMC IS COMMITTED TO being a good community partner to THE MANY COMMUNITIES WE SERVE. SEVERAL MEMBERS OF OUR ADMINISTRATION, DIRECTORS, MANAGERS, AND STAFF SERVE ON VARIOUS COMMUNITY ASSOCIATIONS INCLUDING: CHAMBERS OF COMMERCE, ROTARY, WORK FORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, CANCER AWARENESS COMMITTEES, DIABETES EDUCATION, GRIEF SUPPORT TEAMS, SCHOLARSHIP COMMITTEES, HOUSING COMMITTEES, COMMUNITY DEVELOPMENT, AND YOUTH ATHLETIC PROGRAMS, TO NAME A FEW. CVRMC HAS ITS FINGER ON THE PULSE OF THE COMMUNITY, PROVIDES CHARITABLE CARE WITH PURPOSE, AND OFFERS EDUCATIONAL SERVICES AND PROGRAMS FOR THE GOOD OF OUR PUBLIC.THE COMMUNITY HEALTH NEED ASSESSMENT (CHNA) WAS MADE PUBLICLY AVAILABLE IN 2023. AS WE EVALUATE THE RECENTLY COMPLETED CHNA AND WORK OUR COMMUNITY HEALTH IMPLEMENTATION PLAN (CHIP), CVRMC WILL CONTINUE TO ACTIVELY WORK WITH OTHER HEALTHCARE ORGANIZATIONS, BE INVOLVED WITH STATE AND FEDERAL LEGISLATION INITIATIVES, AND CONTINUE TO CONNECT TO THE COMMUNITIES WE SERVE TO ADDRESS HEALTH PRIORITIES. CHNA IMPLEMENTATION PROGRESS THROUGH 2024 INCLUDES:PRIORITY 1: CHRONIC DISEASE OBESITY, HEART, DIABETES, CANCER CVRMC WILL SEEK THE FOLLOWING ACTIONS TO ADDRESS THIS NEED: CHRONIC CARE MANAGEMENT, UTILIZE INTERNAL AND EXTERNAL DATA TO IMPROVE PATIENT CHRONIC CARE MANAGEMENT, CONTINUE AND DEVELOP HEALTH AND WELLNESS EDUCATION AND COMMUNITY OUTREACH, AND CONTINUE TO DEVELOP COMMUNITY WELLNESS OPPORTUNITIES AND FACILITIES.PRIORITY 2: BEHAVIORAL/MENTAL HEALTH CVRMC WILL SEEK THE FOLLOWING ACTIONS TO ADDRESS THIS NEED: MITIGATE THE MENTAL HEALTH STIGMA THROUGH EDUCATION AND AWARENESS AND INCREASE ACCESS TO MENTAL HEALTH SERVICES IN THE COMMUNITIES WE SERVE. PRIORITY 3: SUBSTANCE/DRUG/OPIOID/ALCOHOL ABUSE CVRMC WILL SEEK THE FOLLOWING ACTIONS TO ADDRESS THIS NEED: Expand access to Narcan at CVRMC locations AND PARTNER WITH COUNTY AND SCHOOLS TO INCREASE AWARENESS.POPULATION CVRMC COUNTINUES TO DEVELOP ITS COLLABORATION WITH THE VARIOUS PROVIDERS AND AGENCIES FOCUSED ON SERVICES TO THE ELDERLY. ALSO, SPECIALTY SERVICE LINES OF CARDIOLOGY AND ORTHOPEDICS HAVE ENHANCED SERIVCES FOR HEALTH CONDITIONS PROMINENT IN AN AGING POPULATION, and development of urology is a newly targeted service for this population. CONTINUED AWARENESS TRAINING HAS BEEN PROVIDED TO HOSPITAL LEADERSHIP AND STAFF ON COMMUNICATING AVAILABLE SERVICES TO THE COMMUNITY, PARTICULARLY THE SENIOR POPULATION.AS WE CELEBRATE OVER 100 YEARS OF SERVICE TO THE GLOBE-MIAMI AND SURROUNDING COMMUNITIES, CVRMC CONTINUES TO EVOLVE WITH THE CHANGING NEEDS OF OUR POPULATION BASE. HEALTHCARE IS EVER MOVING AND ADVANCING AND CVRMC IS PROGRESSING WITH THE DEMANDS OF OUR TARGET MARKETS. Moving beyond THE Public Health Emergency (PHE), CVRMC PROVIDEs A COMMUNITY HEALTH LEADERSHIP ROLE TO SUPPORT THE COMMUNITY EFFORTS AND RESPONSE TO return to development of community health initiatives disrupted by the PHE. The experience of the PHE confirm that the continued accOMPLISHMENTS in serving CVRMC's needs are A DIRECT RESULT OF A DEDICATED AND COMPASSIONATE WORKFORCE, A STEADFAST BOARD OF DIRECTORS, AND STRONG SUPPORTING MANAGEMENT TEAM WHICH IS FOCUSED ON ONE MISSION THE MISSION OF HEALTH WITH HIGH QUALITY, EFFICIENT AND COMPASSIONATE CARE. CVRMCS STRATEGIC PLAN FOCUS CONTINUES TO BE THE FOLLOWING AREAS:THE PATIENT EXPERIENCE (QUALITY AND CUSTOMER SERVICE)PEOPLEGROWTHCOMMUNITYFINANCIAL STEWARDSHIPOUR COMMUNITIES DESERVE ACCOUNTABILITY AND COMPASSION. WE STRIVE TO RESPECT AND COLLABORATE WITH ALL WHO SURROUND US. WE HAVE AN EARNEST RESPONSIBILITY TO RECOGNIZE THE NEEDS OF OUR POPULATION AND TO RESPOND TO THE HEALTH PRIORITIES FACING OUR POPULATION. CVRMC IS COMMITTED TO OUR COMMUNITIES WITH AN UNWAVERING DEDICATED SPIRIT.Expenses $59,178,557 · grants $30,777 · revenue $109,660,094
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-0732836
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $176,141,030
- Income (IRS master file)
- $115,441,747
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $115,441,747 | $99,429,754 | $176,141,030 | IRS |
| 990 | December 2023 | $103,795,634 | $89,784,044 | $157,588,831 | XML |
| 990 | December 2022 | $94,951,858 | $82,964,708 | $136,541,711 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-0732836).
Questions about COBRE VALLEY REGIONAL MEDICAL CENTER
- What is the EIN of COBRE VALLEY REGIONAL MEDICAL CENTER?
- The employer identification number (EIN) of COBRE VALLEY REGIONAL MEDICAL CENTER is 86-0732836.
- Is COBRE VALLEY REGIONAL MEDICAL CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to COBRE VALLEY REGIONAL MEDICAL CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COBRE VALLEY REGIONAL MEDICAL CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COBRE VALLEY REGIONAL MEDICAL CENTER due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COBRE VALLEY REGIONAL MEDICAL CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COBRE VALLEY REGIONAL MEDICAL CENTER?
- The 990 for the year ended December 31, 2024 names Harold Dupper CFO.
- Who are the officers and directors of COBRE VALLEY REGIONAL MEDICAL CENTER?
- The 990 for the year ended December 31, 2024 lists 14 people; 5 received compensation from the organization, the highest $530,754 (Scott Croft, Physician).
- How much revenue does COBRE VALLEY REGIONAL MEDICAL CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $115,441,747, expenses of $99,429,754 and total assets of $176,141,030 at year end.
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