Nonprofit · EIN 94-2938348
VALLEY BEHAVIORAL HEALTH INCORPORATED
Tax-exempt · SALT LAKE CTY, UT 84124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $76,829,487 | $77,867,889 | -$1,038,402 | $58,941,361 | $10,936,838 | $48,004,523 |
| December 31, 2023 | 990 | $73,830,268 | $78,223,188 | -$4,392,920 | $61,007,084 | $11,890,175 | $49,116,909 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $68,532,181
- of which government grants
- $68,532,181
- Program service revenue
- $7,506,778
- Investment income
- $202,407
- Net rental income
- $385,768
- Other revenue
- $588,121
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,777,083
- Other salaries and wages
- $33,281,488
- Salaries, compensation and benefits (total)
- $42,547,414
- Professional fundraising fees
- $0
- Legal fees
- $146,628
- Occupancy
- $247,940
- Travel
- $154,174
- Depreciation
- $2,496,178
- Program services (functional)
- $63,575,236
- Management and general (functional)
- $13,933,488
- Fundraising (functional)
- $359,165
Balance sheet and other
- Total assets, start of year
- $61,007,084
- Total assets, end of year
- $58,941,361
- Total liabilities, end of year
- $10,936,838
- Net assets, end of year
- $48,004,523
- Land, buildings and equipment
- $32,682,977
- Net assets without donor restrictions
- $44,253,049
- Net assets with donor restrictions
- $3,751,474
- Gross receipts
- $76,829,487
- Employees
- 943
- Volunteers
- 8
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| B TODD THATCHER | VP - MEDICAL SERVICES Officer | 40 | $393,440 | $40,276 |
| JARED SANFORD | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $385,550 | $38,874 |
| SPENCER SEAQUIST | CHIEF FINANCIAL OFFICER Officer | 40 | $208,963 | $33,385 |
| RUSSELL OPATZ | VP - HOUSING/SUPPORT SERVI Officer | 40 | $149,612 | $25,955 |
| STEVE HAVERTZ | VP - ADULT SERVICES Officer | 40 | $150,983 | $21,577 |
| JULIE RAEL | CHIEF CLINICAL OFFICER Officer | 40 | $154,225 | $17,788 |
| JULIE WINN | VP - CHILD/FAMILY/IDD SERV Officer | 40 | $149,955 | $6,500 |
| JIM DUNNIGAN | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| STAN BEAGLEY | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| JOHN HANSHAW | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| KENNETH WOOLLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MITCH TIBBITTS | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| RUSS ELBEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAMERON MCBRIDE | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| JULIA HOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNETTE HANSEN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| B TODD THATCHER | VP - MEDICAL SERVICES Officer | 40 | $351,247 | $36,403 |
| JARED SANFORD | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $344,147 | $36,285 |
| SPENCER SEAQUIST | CHIEF FINANCIAL OFFICER Officer | 40 | $186,556 | $29,544 |
| STEVE HAVERTZ | VP - ADULT SERVICES Officer | 40 | $136,572 | $27,039 |
| JULIE WINN | VP - CHILD/FAMILY/IDD SERV Officer | 40 | $136,833 | $6,169 |
| JULIE RAEL | CHIEF CLINICAL OFFICER Officer | 40 | $102,354 | $19,866 |
| RUSSELL OPATZ | VP - HOUSING/SUPPORT SERVICES Officer | 40 | $53,847 | $7,293 |
| STACY WEIGHT | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| STAN BEAGLEY | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| JOHN HANSHAW | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| KENNETH WOOLLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID CLARK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RUSS ELBEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAMERON MCBRIDE | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| LORENA RIFFO-JENSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LYNETTE HANSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4460 S HIGHLAND DR STE 200, SALT LAKE CTY, UT 84124-3550
- In care of
- % PAYROLL
- Principal officer (990 for 2024)
- SPENCER SEAQUIST, 5965 SOUTH 900 EAST STE 420, SLC, UT 84121
- Signed the 990
- SPENCER SEAQUIST, CFO
- Phone
- (801) 263-7100
- Return prepared by
- TANNER LLC
Mission
TO PROVIDE AND ADMINISTER MENTAL HEALTH AND ALCOHOL AND DRUG ABUSE SERVICES FOR THE SALT LAKE, SUMMIT, AND TOOELE COUNTY, UTAH AREAS.
Program accomplishments
- ADULT SERVICES - PROVIDES OUTPATIENT AND INPATIENT SERVICES FOR MENTALLY ILL ADULTSExpenses $17,113,850 · revenue $24,309,953
- HOUSING - PROVIDES HOUSING AND RELATED SERVICES TO MENTALLY ILL, LOW-INCOME OR OTHER AT-RISK GROUPS.Expenses $7,446,343 · revenue $8,622,973
- INTELLECTUAL OR DEVELOPMENTAL DISABILITIES IS FOCUSED ON THOSE IN THE AUTISM SPECTRUM.Expenses $8,523,953 · revenue $9,700,199
- CLIENT SERVICES - PROVIDES VARIOUS ADDITIONAL PSYCHIATRIC SERVICES FOR CLIENTS.Expenses $30,491,090 · revenue $34,538,226
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
- 94-2938348
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F300)
- Assets (IRS master file)
- $58,941,361
- Income (IRS master file)
- $76,829,487
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $76,829,487 | $77,867,889 | $58,941,361 | IRS |
| 990 | December 2023 | $73,830,268 | $78,223,188 | $61,007,084 | XML |
| 990 | December 2022 | $77,833,445 | $78,195,244 | $60,247,434 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 94-2938348).
Questions about VALLEY BEHAVIORAL HEALTH INCORPORATED
- What is the EIN of VALLEY BEHAVIORAL HEALTH INCORPORATED?
- The employer identification number (EIN) of VALLEY BEHAVIORAL HEALTH INCORPORATED is 94-2938348.
- Is VALLEY BEHAVIORAL HEALTH INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to VALLEY BEHAVIORAL HEALTH INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY BEHAVIORAL HEALTH INCORPORATED 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 VALLEY BEHAVIORAL HEALTH INCORPORATED 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 VALLEY BEHAVIORAL HEALTH INCORPORATED 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 VALLEY BEHAVIORAL HEALTH INCORPORATED?
- The 990 for the year ended December 31, 2024 names SPENCER SEAQUIST.
- Who are the officers and directors of VALLEY BEHAVIORAL HEALTH INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 16 people; 7 received compensation from the organization, the highest $393,440 (B TODD THATCHER, VP - MEDICAL SERVICES).
- How much revenue does VALLEY BEHAVIORAL HEALTH INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $76,829,487, expenses of $77,867,889 and total assets of $58,941,361 at year end.
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