2026-09-24T10:14:11-05:00 2025-10-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-11-01 261167922 VVMC DIVERSIFIED SERVICES VVMC 9704762451 PO BOX 40000 VAIL CO 81658 MICHAEL BROWN CFO VAIL HEALTH 9704762451 2026-09-24 1 1 SHELBY NETZ P01405265 4147775500 2026-09-09 2024 VAIL HEALTH CLINICS WILL COOK PO BOX 40000 VAIL CO 81658 8024706 0 X WWW.VAILHEALTH.ORG X 2007 CO ELEVATING HEALTH ACROSS OUR MOUNTAIN COMMUNITIES. 2 1 0 1 0 0 5600000 4200000 3639790 3821356 0 0 4737 3350 9244527 8024706 0 0 0 0 0 0 0 0 0 9908377 9963932 9908377 9963932 -663850 -1939226 800178 842038 1512814 3493900 -712636 -2651862 X ELEVATING HEALTH ACROSS OUR MOUNTAIN COMMUNITIES. 0 0 7860438 3821356 SEE SCHEDULE O. 7860438 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 1 0 0 0 0 1 1 1 0 0 0 0 1 1 1 1 1 1 0 0 0 X MICHAEL BROWN CFO VAIL HEALTH 9704762451 PO BOX 40000 VAIL CO 81658 X WILL COOK PRESIDENT AND CEO 1.00 40.00 X X 0 1300013 78581 THOMAS GORRIE CHAIRMAN 1.00 1.00 X X 0 0 0 MICHAEL BROWN TREASURER AND CFO 1.00 40.00 X 0 473158 39584 BARRY HAMMAKER MD PHYSICIAN 40.00 X 0 572993 45108 JERRY GREENBERG MD PHYSICIAN 40.00 X 0 620305 38404 KATHERINE SCHUETZE MD PHYSICIAN 40.00 X 0 604940 47926 DAVID FORD MD PHYSICIAN 40.00 X 0 531346 39569 NELSON PRAGER MD PHYSICIAN 40.00 X 0 519118 3567 JOHN HIGGINS FORMER TREASURER AND CFO 0.00 0.00 X 0 567326 7828 0 5189199 300567 0 1 1 0 0 4200000 4200000 NET PATIENT SERVICE RE 621110 2578842 2578842 MEDICARE/MEDICAID 621110 1242514 1242514 3821356 MISCELLANEOUS INCOME 900099 3350 3350 3350 8024706 3821356 0 3350 X 9476966 7526545 1950421 45253 11083 34170 1190 1190 28155 27955 200 115919 115919 BAD DEBT EXPENSE 189877 189877 MEDICAL SUPPLIES 99881 97312 2569 LICENSE/CERTIFICATIONS/ 6476 6476 MISCELLANEOUS 215 215 9963932 7860438 2103494 0 317103 162856 483075 679182 800178 842038 157988 206328 1354826 3287572 1512814 3493900 X -712636 -2651862 -712636 -2651862 800178 842038 -1939226 0 X X 0 1 X 1 0 X 4800834 6165405 6100000 5600000 4200000 26866239 3437794 3521770 3739560 3639790 3821356 18160270 8238628 9687175 9839560 9239790 8021356 45026509 0 0 0 45026509 886 150 1036 886 150 1036 5717 4737 3350 13804 8239514 9687325 9845277 9244527 8024706 45041349 0.99970 0.99970 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 5,717. 2023 AMOUNT: $ 4,737. 2024 AMOUNT: $ 3,350. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO VAIL CLINIC INC. 3287372 DUE TO EAGLE VALLEY MENTAL HEALTH 200 3287572 X PART X, LINE 2: THE ORGANIZATION IS INCLUDED IN A CONSOLIDATED, FOURTEEN MONTH AUDIT THAT ENCOMPASSES THE CURRENT TAX YEAR. RELEVANT PORTIONS OF THE TEXT OF THE FOOTNOTE FOR UNCERTAIN TAX POSITIONS IS AS FOLLOWS: VAIL HEALTH SERVICES, THE HOSPITAL, THE FOUNDATION, THE CLINICS AND EVBH ARE NOT-FOR-PROFIT CORPORATIONS, AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON THEIR EXEMPT INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION OF STATE LAW. THESE ENTITIES ARE SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2025. 1 1 0 0 0 0 0 0 0 WILL COOK PRESIDENT AND CEO 0 883106 0 343518 0 73389 0 40250 0 38331 0 1378594 0 0 JERRY GREENBERG MD PHYSICIAN 0 518630 0 66 0 101609 0 17250 0 21154 0 658709 0 0 KATHERINE SCHUETZE MD PHYSICIAN 0 530665 0 0 0 74275 0 16780 0 31146 0 652866 0 0 BARRY HAMMAKER MD PHYSICIAN 0 477882 0 0 0 95111 0 12103 0 33005 0 618101 0 0 JOHN HIGGINS FORMER TREASURER AND CFO 0 47723 0 110249 0 409354 0 2448 0 5380 0 575154 0 0 DAVID FORD MD PHYSICIAN 0 467246 0 47421 0 16679 0 17250 0 22319 0 570915 0 0 NELSON PRAGER MD PHYSICIAN 0 436205 0 0 0 82913 0 0 0 3567 0 522685 0 0 MICHAEL BROWN TREASURER AND CFO 0 373980 0 93754 0 5424 0 16875 0 22709 0 512742 0 0 PART I, LINE 3 SCHEDULE J, PART I, LINE 3 EXECUTIVE COMPENSATION COMPENSATION IS PAID THROUGH A RELATED ENTITY, VAIL CLINIC, INC., DBA VAIL HEALTH HOSPITAL. PLEASE SEE SCHEDULE O, PART VI, LINE 15A NARRATIVE FOR COMPENSATION DETERMINATION FOR EXECUTIVES. PART I, LINES 4A-B SEVERANCE: JOHN HIGGINS RECEIVED $391,717 DURING THE TAX YEAR. 457(F) PLAN: WILL COOK PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) DURING THE YEAR. THE 457(F)/457(B) AMOUNT WAS $90,000. HE IS FULLY VESTED IN THE PLAN. PART I, LINE 7 NON FIXED AND BONUS PAYMENTS: EXECUTIVE COMPENSATION IS PAID AND DETERMINED BY A RELATED PARTY, VAIL CLINIC, INC., DBA VAIL HEALTH HOSPITAL. INCENTIVE BONUSES ARE CALCULATED AS A PERCENT OF BASE COMPENSATION. THE DETERMINATION OF WHETHER OR NOT A PAYOUT IS MADE IS BASED ON COMPANY FINANCIAL PERFORMANCE AND ON INDIVIDUAL PERFORMANCE REVIEWS CONDUCTED BY THE CEO AND THE COMPENSATION COMMITTEE. CERTAIN PHYSICIAN PRODUCTIVITY BONUSES ARE PAID BASED ON RELATIVE VALUE UNITS (RVUS) WHICH ARE AN INDICATION OF THE EMPLOYEE'S PRODUCTIVITY OR LEVEL OF EFFORT. OTHER PHYSICIAN BONUSES ARE BASED ON SATISFACTION OF CRITERIA DEFINED IN EMPLOYMENT AGREEMENTS. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: VVMC DIVERSIFIED SERVICES, DOING BUSINESS AS VAIL HEALTH CLINICS, PROVIDES SERVICES TO THE RESIDENTS OF EAGLE COUNTY, TOTAL POPULATION APPROXIMATELY 55,000, INCLUDING SURGERY, CARDIOLOGY, AND PLASTIC SURGERY. EAGLE COUNTY, COLORADO DOES NOT HAVE A LARGE ENOUGH POPULATION TO SUPPORT MEDICAL PRACTICES IN RARE SPECIALTIES. SINCE EAGLE COUNTY IS IN A RURAL AREA, THE DEVELOPMENT OF THESE MEDICAL PRACTICES HAVE SIGNIFICANTLY IMPROVED COMMUNITY ACCESS TO HEALTHCARE SERVICES. THESE PRACTICES HAVE ALLOWED US TO SERVE ALL MEMBERS OF THE COMMUNITY WITHOUT REGARD TO ABILITY TO PAY. FORM 990, PART VI, SECTION A, LINE 6 DESCRIBE CIRCUMSTANCES FOR HAVING MEMBERS OR STOCKHOLDERS: THE ORGANIZATION HAS A SINGLE MEMBER, VAIL HEALTH SERVICES. FORM 990, PART VI, SECTION A, LINE 7A DESCRIBE CIRCUMSTANCES FOR MEMBERS ELECTING GOVERNING BODY: THE SINGLE MEMBER, VAIL HEALTH SERVICES, CAN APPOINT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS RESERVED TO THE SINGLE MEMBER: THE SINGLE MEMBER HAS THE AUTHORITY TO: 1) ELECT DIRECTORS; 2) APPOINT THE PRESIDENT; 3) APPROVE ARTICLES AND BYLAWS; 4) APPROVE BUDGETS; 5) APPROVE UNBUDGETED EXPENDITURES IN EXCESS OF $1,000,000; 6) APPROVE UNBUDGETED BORROWINGS IN EXCESS OF $1,000,000; 7) CAUSE VOLUNTARY DISSOLUTION, MERGER, CONSOLIDATION, OR BANKRUPTCY; 8) APPROVE SALE OF ASSETS IN EXCESS OF $1,000,000; 9) CREATE SUBSIDIARY OR AFFILIATE; 10) SELECT PUBLIC ACCOUNTANTS; 11) ESTABLISH INVESTMENT POLICIES; 12) ESTABLISH POLICIES ON THE DISTRIBUTION AND USE OF FUNDS; 13) ADD/ DELETE MAJOR PROGRAM/ SERVICE LINES. FORM 990, PART VI, SECTION A, LINE 8A THE ORGANIZATION HELD NO MEETINGS OF ITS GOVERNING BODY DURING THE TAX YEAR. IT IS THE ORGANIZATION'S POLICY TO CONTEMPORANEOUSLY DOCUMENT THE PROCEEDINGS OF ANY GOVERNING BODY MEETINGS IN MEETING MINUTES WHEN SUCH MEETINGS ARE HELD. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS TO REVIEW THE FORM 990: REVIEW OF THE FORM 990 IS DELEGATED TO MORE QUALIFIED PERSONNEL SINCE THE BOARD MEMBERS ARE NOT TRAINED IN TAX MATTERS. THE CFO, CONTROLLER AND ACCOUNTING STAFF OF VAIL CLINIC, INC. DBA VAIL HEALTH HOSPITAL PROVIDE SERVICES TO VVMC DIVERSIFIED SERVICES, REVIEW THE TAX FORM AND WORK WITH AN EXTERNAL CPA/TAX FIRM IN THE PRODUCTION OF THE FORM 990. AN ELECTRONIC VERSION IS PROVIDED TO DIRECTORS AND OFFICERS PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE CONFLICT OF INTEREST POLICY APPLIES TO VAIL HEALTH HOSPITAL (VHH) BOARD MEMBERS, OFFICERS, MEDICAL STAFF, LICENSED INDEPENDENT PRACTITIONERS, VOLUNTEERS, AGENTS, CONTRACTORS AND EMPLOYEES. ALL BOARD MEMBERS, MEDICAL STAFF, NURSE PRACTITIONERS, PHYSICIAN ASSISTANTS, AND EMPLOYEES OF VHH ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST BY COMPLETING A CONFLICT OF INTEREST ELECTRONIC QUESTIONNAIRE UPON HIRE OR APPOINTMENT AND THEN ANNUALLY THEREAFTER. BOARD MEMBERS AND AGENTS MUST COMPLETE AND SUBMIT CONFLICT OF INTEREST ELECTRONIC QUESTIONNAIRE TO THE COMPLIANCE OFFICER UPON HIRE OR APPOINTMENT AND THEN ANNUALLY THEREAFTER. VOLUNTEERS MUST COMPLETE AND SUBMIT DISCLOSURE FORMS TO THE MANAGER OF VOLUNTEERS WHEN THEY BEGIN PROVIDING SERVICES TO VHH AND THEN ANNUALLY. IF DURING THE YEAR ANY NEW POTENTIAL CONFLICTS OF INTEREST ARISE, COVERED PERSONS MUST REPORT THE POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY (AND PRIOR TO UNDERTAKING ANY ACTIVITY THAT MAY RAISE A POTENTIAL CONFLICT OF INTEREST). THE CHIEF ETHICS AND COMPLIANCE OFFICER, THE VOLUNTEER SERVICES PROGRAM MANAGER AND THE COMMITTEE SHALL CONSIDER THE FOLLOWING FACTORS WHEN REVIEWING COMPLETED DISCLOSURE FORMS: - WHETHER THE COLLEAGUE OR AN IMMEDIATE FAMILY MEMBER IS A PARTY TO, OR MAY DIRECTLY OR INDIRECTLY BENEFIT FROM, A PROPOSED AGREEMENT OR TRANSACTION INVOLVING VHH; - WHETHER THE COLLEAGUE'S DESIRE FOR, OR EXPECTATION OF, DIRECT OR INDIRECT EXTERNAL ECONOMIC ADVANTAGE COULD DISTORT A VHH DECISION OR ACTIVITY; - WHETHER THE COLLEAGUE OR AN IMMEDIATE FAMILY MEMBER IS ENGAGING IN AN ACTIVITY, BUSINESS, OR TRANSACTION IN WHICH VHH IS LIKELY TO ENGAGE; - WHETHER THE COLLEAGUE'S OUTSIDE ACTIVITIES MAY CONFLICT WITH RIGHTS OF, OR THE COLLEAGUE'S OBLIGATIONS TO, VHH OR VHH'S PATIENTS; - WHETHER THE CONFLICT OF INTEREST CAN BE CURED OR MANAGED BY RECUSAL OR OTHER APPROPRIATE ACTION; - WHETHER THERE IS AN APPEARANCE OF A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PROCESS TO DETERMINE EXECUTIVE COMPENSATION: EXECUTIVE COMPENSATION IS PAID AND DETERMINED BY A RELATED PARTY, VAIL CLINIC, INC., DBA VAIL HEALTH HOSPITAL. A FORMAL EXTERNAL REVIEW IS CONDUCTED EVERY YEAR. EXECUTIVE COMPENSATION WAS LAST FORMALLY REVIEWED IN 2025 BY SULLIVAN COTTER. THIS REVIEW EVALUATES TOTAL COMPENSATION OF THE EXECUTIVE AGAINST COMPENSATION DATA FOR THE SAME OR SIMILAR JOB BY INDUSTRY, REVENUE SIZE AND GEOGRAPHIC LOCATION AND OTHER FACTORS TO ENSURE THAT THE COMPENSATION PAID IS APPROPRIATE AND REASONABLE. THAT INFORMATION IS THEN REVIEWED BY THE COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS. INTERNAL REVIEWS ARE PERFORMED AS WELL AT TIME OF HIRE AND ON AN ONGOING BASIS USING COMPENSATION SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 DESCRIBE HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC: THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC FOR VIEWING FOR VALID BUSINESS PURPOSES. FORM 990, PART VII, SECTION A: THE ORGANIZATION HAS NO DIRECT EMPLOYEES. EACH HIGHLY COMPENSATED EMPLOYEE REPORTED IS EMPLOYED BY THE RELATED PARENT ORGANIZATION AND COMMON PAYMASTER, VAIL CLINIC (EIN: 84-0563230), AND PERFORMS SERVICES EXCLUSIVELY FOR VVMC DIVERSIFIED SERVICES. THESE INDIVIDUALS ARE INCLUDED ON FORM 990 FOR TRANSPARENCY AND TO PROVIDE COMPLETE DISCLOSURE OF THE COMPENSATION ATTRIBUTABLE TO SERVICES PERFORMED FOR THE ORGANIZATION. FORM 990, PART IX, LINE 11G REIMBURSED COMPENSATION FROM RELATED ENTITIES: PROGRAM SERVICE EXPENSES 6,379,869. MANAGEMENT AND GENERAL EXPENSES 540,371. TOTAL EXPENSES 6,920,240. PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 600,456. MANAGEMENT AND GENERAL EXPENSES 1,401,065. TOTAL EXPENSES 2,001,521. OTHER PROFESSIONAL HEALTH FEES: PROGRAM SERVICE EXPENSES 546,220. MANAGEMENT AND GENERAL EXPENSES 8,985. TOTAL EXPENSES 555,205. FORM 990, PART IX, LINE 11G: CERTAIN ADMINISTRATIVE AND PROGRAM COSTS THAT ARE SHARED BY THE ENTIRE VAIL HEALTH SYSTEM ARE ALLOCATED OUT TO INDIVIDUAL ENTITIES BASED ON USAGE OF THOSE SERVICES. VVMC DIVERSIFIED SERVICES IS ALLOCATED ITS PROPORTIONATE SHARE OF THE SYSTEM'S ACCOUNTING, LEGAL, FACILITIES, MARKETING, AND IT COSTS. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS FOR THE AUDIT OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. VAIL CLINIC INC PO BOX 4000 VAIL CO 81658 840563230 HOSPITAL CO 501(C)(3) LINE 3 VAIL HEALTH SERVICES 0 VAIL HEALTH SERVICES (VHS) PO BOX 4000 VAIL CO 81658 262648461 HOLDING CO CO 501(C)(3) LINE 12C, III-FI N/A 0 VAIL HEALTH SERVICES FOUNDATION PO BOX 4000 VAIL CO 81658 742505662 FUNDRAISING CO 501(C)(3) LINE 12B, II VAIL HEALTH SERVICES 0 EAGLE VALLEY MENTAL HEALTH PO BOX 4000 VAIL CO 81658 834327406 BEHAVIORAL HEALTH SERVICES CO 501(C)(3) LINE 7 VAIL HEALTH SERVICES 0 VAIL VALLEY SURGERY CENTER LLC PO BOX 1270 VAIL CO 816581270 030419967 HEALTH CARE CO N/A 0 0 EAGLE RIVER REAL ESTATE HOLDINGS PO BOX 4000 VAIL CO 816581270 831523347 RENTAL CO N/A 0 0 CMM HOLDINGS LLC 181 W MEADOW DRIVE SUITE 100 VAIL CO 81658 334381379 INVESTMENT CO N/A 0 0 VHS MANAGEMENT SERVICES INC 181 W MEADOW DRIVE SUITE 100 VAIL CO 81657 262647982 HEALTH CARE CO N/A C 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1