Nonprofit · EIN 87-0419324
CENTRAL VALLEY MEDICAL CENTER
Tax-exempt · NEPHI, UT 84648
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $81,614,619 | $73,315,367 | $8,299,252 | $125,178,168 | $28,462,333 | $96,715,835 |
| June 30, 2024 | 990 | $73,923,153 | $65,060,619 | $8,862,534 | $113,999,388 | $26,258,832 | $87,740,556 |
| June 30, 2023 | 990 | $61,652,468 | $58,475,749 | $3,176,719 | $104,778,987 | $25,869,222 | $78,909,765 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $17,362
- of which government grants
- $11,492
- Program service revenue
- $78,961,769
- Investment income
- $2,635,488
- Net gain from sales of assets
- $476,930
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $263,278
- Compensation of officers, directors and key employees
- $7,200
- Other salaries and wages
- $21,680,247
- Salaries, compensation and benefits (total)
- $28,651,662
- Professional fundraising fees
- $0
- Legal fees
- $15,888
- Accounting fees
- $88,690
- Occupancy
- $819,054
- Travel
- $136,354
- Depreciation
- $4,064,961
- Program services (functional)
- $62,727,832
- Management and general (functional)
- $10,461,690
- Fundraising (functional)
- $125,845
Balance sheet and other
- Total assets, start of year
- $113,999,388
- Total assets, end of year
- $125,178,168
- Total liabilities, end of year
- $28,462,333
- Net assets, end of year
- $96,715,835
- Land, buildings and equipment
- $50,443,240
- Publicly traded securities
- $11,378,586
- Net assets without donor restrictions
- $96,715,835
- Gross unrelated business income
- $1,622,493
- Gross receipts
- $81,614,619
- Employees
- 473
- Volunteers
- 18
- Year formed
- 1984
- State of legal domicile
- UT
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brandon Beck | Physician Highest-paid employee | 40 | $452,048 | $47,575 |
| Jason Forgeon | Physician Highest-paid employee | 40 | $408,115 | $45,111 |
| Jason Neilsen | Physician Highest-paid employee | 40 | $277,277 | $43,470 |
| Kecia White | Retail Pharmacy Manager Highest-paid employee | 40 | $251,186 | $15,057 |
| Jason Standring | Physician Highest-paid employee | 40 | $219,575 | $38,889 |
| Sue Ann Whitlock | Board Member Trustee or director | 1 | $1,200 | $0 |
| Alan Kenison | Board Member Trustee or director | 1 | $1,200 | $0 |
| Mark Chase | Chairman Trustee or director, Officer | 1 | $1,050 | $0 |
| Leanna Lundell | Board Member Trustee or director | 1 | $1,050 | $0 |
| Timothy Blackham | Board Member Trustee or director | 1 | $1,050 | $0 |
| Gayle Ludlow | Board Member Trustee or director | 1 | $1,050 | $0 |
| Mark Stoddard | President & CEO Trustee or director, Officer | 40 | $0 | $0 |
| Brent Davis | CFO/Treasurer Officer | 40 | $0 | $0 |
| Randy Cuff | COO/Vice President Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brandon Beck | Physician Highest-paid employee | 40 | $307,014 | $28,804 |
| Jason Standring | Physician Highest-paid employee | 40 | $284,390 | $42,820 |
| Jason Neilsen | Physician Highest-paid employee | 40 | $276,033 | $42,359 |
| Kecia White | Retail Pharmacy Manager Highest-paid employee | 40 | $207,953 | $13,646 |
| Todd Sorensen | Physician Highest-paid employee | 40 | $205,696 | $13,996 |
| Alan Kenison | Board Member Trustee or director | 1 | $1,350 | $0 |
| Timothy Blackham | Board Member Trustee or director | 1 | $1,350 | $0 |
| Leanna Lundell | Board Member Trustee or director | 1 | $1,200 | $0 |
| Sue Ann Whitlock | Board Member Trustee or director | 1 | $1,200 | $0 |
| Gayle Ludlow | Board Member Trustee or director | 1 | $1,050 | $0 |
| Mark Chase | Chairman Trustee or director, Officer | 1 | $900 | $0 |
| Mark Stoddard | President & CEO Trustee or director, Officer | 40 | $0 | $0 |
| Brent Davis | CFO/Treasurer Officer | 40 | $0 | $0 |
| Randy Cuff | COO/Vice President Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Standring | Physician Highest-paid employee | 40 | $313,083 | $42,103 |
| Jason Neilsen | Physician Highest-paid employee | 40 | $297,698 | $41,665 |
| Todd Sorensen | Physician Highest-paid employee | 40 | $262,123 | $39,530 |
| Michael Cannell | Respiratory Therapy Manager Highest-paid employee | 40 | $194,934 | $35,499 |
| Kecia White | Retail Pharmacy Manager Highest-paid employee | 40 | $210,697 | $13,825 |
| Mark Chase | Chairman Trustee or director, Officer | 1 | $1,350 | $0 |
| Sue Ann Whitlock | Board Member Trustee or director | 1 | $1,350 | $0 |
| Alan Kenison | Board Member Trustee or director | 1 | $1,350 | $0 |
| Timothy Blackham | Board Member Trustee or director | 1 | $1,350 | $0 |
| Leanna Lundell | Board Member Trustee or director | 1 | $1,200 | $0 |
| Gayle Ludlow | Board Member Trustee or director | 1 | $1,200 | $0 |
| Mark Stoddard | President & CEO Trustee or director, Officer | 40 | $0 | $0 |
| Brent Davis | CFO/Treasurer Officer | 40 | $0 | $0 |
| Randy Cuff | COO/Vice President Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 412, NEPHI, UT 84648-0412
- Principal officer (990 for 2024)
- Mark R Stoddard, PO Box 412, Nephi, UT 84648
- Signed the 990
- Mark R Stoddard, CEO
- Phone
- (435) 623-3000
- Return prepared by
- Eide Bailly LLP
Mission
The mission of Central Valley Medical Center is to provide sensitive, compassionate health care of the highest quality to our patients, their families, and friends. We do this in a manner that encourages the efficient use of resources while providing a working environment that promotes the personal and professional growth of our employees.
Program accomplishments
- Central Valley Medical Center operates a hospital and three medical clinics providing medical care to rural communities.Expenses $62,727,832 · grants $263,278 · revenue $77,909,276
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0419324
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E39Z)
- Assets (IRS master file)
- $125,178,168
- Income (IRS master file)
- $81,614,619
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $81,614,619 | $73,315,367 | $125,178,168 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $73,923,153 | $65,060,619 | $113,999,388 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $61,652,468 | $58,475,749 | $104,778,987 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $59,146,776 | $52,664,180 | $106,076,833 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 87-0419324).
Questions about CENTRAL VALLEY MEDICAL CENTER
- What is the EIN of CENTRAL VALLEY MEDICAL CENTER?
- The employer identification number (EIN) of CENTRAL VALLEY MEDICAL CENTER is 87-0419324.
- Is CENTRAL VALLEY MEDICAL CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to CENTRAL VALLEY MEDICAL CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL VALLEY 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 CENTRAL VALLEY MEDICAL CENTER due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL VALLEY MEDICAL CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CENTRAL VALLEY MEDICAL CENTER?
- The 990 for the year ended June 30, 2025 names Mark R Stoddard.
- Who are the officers and directors of CENTRAL VALLEY MEDICAL CENTER?
- The 990 for the year ended June 30, 2025 lists 14 people; 11 received compensation from the organization, the highest $452,048 (Brandon Beck, Physician).
- How much revenue does CENTRAL VALLEY MEDICAL CENTER have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $81,614,619, expenses of $73,315,367 and total assets of $125,178,168 at year end.
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