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Nonprofit · EIN 91-1350776

HEALTH VENTURES

Tax-exempt · VANCOUVER, WA 98683

Financials

$11.8M$10.1M2022$7.8M$10M2023$9.4M$53K2024
Revenue Expenses · by fiscal year end
Financials of HEALTH VENTURES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$9,402,464$52,586$9,349,878$52,691,841$326,325$52,365,516
June 30, 2024990$7,799,914$10,028,345-$2,228,431$41,957,551$281,575$41,675,976
June 30, 2023990$11,800,224$10,062,982$1,737,242$42,789,726$268,952$42,520,774
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$9,014,860
Investment income
$387,604
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$294,920
Management and general (functional)
$52,586

Balance sheet and other

Total assets, start of year
$41,957,551
Total assets, end of year
$52,691,841
Total liabilities, end of year
$326,325
Net assets, end of year
$52,365,516
Net assets without donor restrictions
$52,365,516
Gross receipts
$9,402,464
Employees
0
Volunteers
0
Year formed
1986
State of legal domicile
WA

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
RICHARD DECARLODirector/ PH COO/EVP
Trustee or director
2$0$3,316,554$342,805
DARRIN MONTALVOChair/ Vice Pres/ Treas/ PH EVP CFGO
Trustee or director, Officer
1$0$1,881,787$376,006
MICHAEL P DWYERPresident
Trustee or director, Officer
2$0$1,272,543$249,965
THOMAS KARNESSecretary/ PH SVP General Counsel
Officer
2$0$713,719$171,270
SCOTT FOSTERFormer Director / Chief Executive PHMG (thru 03/24)
Former
0$0$592,213$179,632
MELISSA EDWARDS MDDirector / Chief Executive, PHMG
Trustee or director
2$0$691,501$26,100
BRIAN SHIPLEYFormer Secretary
Former
2$0$431,577$51,066
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RICHARD DECARLODIRECTOR
Trustee or director
2$0$1,478,509$474,664
MICHAEL P DWYERPRESIDENT
Trustee or director, Officer
2$0$1,616,661$234,388
DARRIN MONTALVOVICE PRES/TREAS/CHAIR
Trustee or director, Officer
1$0$1,351,766$357,230
SCOTT FOSTERCHIEF MED EXEC, PHMG (THRU 3/2024)
Trustee or director, Officer
2$0$1,194,782$223,776
THOMAS KARNESSECRETARY
Trustee or director, Officer
2$0$407,655$56,307
BRIAN SHIPLEYDIRECTOR
Trustee or director
2$0$385,754$49,730
KARL CARRIERBOD CHAIR (THRU 2/2024)
Trustee or director, Officer
2$0$50,000$0
MELISSA EDWARDS MDCHIEF EXECUTIVE, PHMG (EFF 4/2024)
Trustee or director, Officer
2$0$0$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RICHARD DECARLODIRECTOR
Trustee or director
2$0$1,668,539$136,876
DARRIN MONTALVODIR/VICE PRESIDENT/TREASURER
Trustee or director, Officer
2$0$1,531,560$223,292
MICHAEL P DWYERDIRECTOR/PRESIDENT & CEO
Trustee or director, Officer
2$0$1,042,336$76,376
SCOTT FOSTERCHIEF MED EXEC/SVC LINES PHMG
Trustee or director, Officer
2$0$644,231-$2,212
THOMAS KARNESSECRETARY
Trustee or director, Officer
2$0$250,925$34,556
JOHN C BENNETTFORMER CHIEF EXECUTIVE AMBULATORY
Former
0$0$216,348$0
KARL CARRIERBOD CHAIR
Trustee or director, Officer
2$0$0$0

Address and contacts

Address (IRS master file)
1115 SE 164TH AVENUE, VANCOUVER, WA 98683-9324
In care of
% JEFF SEIRER
Principal officer (990 for 2024)
RICHARD MAGNUSON, 1115 SE 164TH AVENUE, VANCOUVER, WA 98683
Signed the 990
RICHARD MAGNUSON, EVP CFO INTERIM
Phone
(360) 729-1000
Return prepared by
KPMG LLP

Mission

HEALTH VENTURES IS OPERATED PRIMARILY FOR THE BENEFIT AND PURPOSES OF PEACEHEALTH, A 501(C)(3) ORGANIZATION, WHICH HAS BEEN FORMALLY RECOGNIZED AS A PONTIFICAL PRIVATE JURIDIC PERSON ENGAGED IN THE APOSTOLIC WORK OF THE ROMAN CATHOLIC CHURCH.

990 for the year ended June 30, 2025

Program accomplishments

  • SUPPORT TO PEACEHEALTH, A WASHINGTON NON-PROFIT CORPORATION, WHICH IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, WHICH OPERATES A HEALTHCARE SYSTEM IN WASHINGTON, OREGON AND ALASKA. THE PURPOSE OF HEALTH VENTURES IS TO OPERATE FOR THE BENEFIT OF PEACEHEALTH.
    revenue $9,014,860

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
91-1350776
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E110)
Assets (IRS master file)
$52,691,841
Income (IRS master file)
$9,402,464

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$9,402,464$52,586$52,691,841IRS
990June 2024$7,799,914$10,028,345$41,957,551XML
990June 2023$11,800,224$10,062,982$42,789,726XML
990June 2022$11,486,989$2,801,698$39,771,143IRS
990June 2021–––IRS
990June 2020–––IRS
990June 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 91-1350776).

Questions about HEALTH VENTURES

What is the EIN of HEALTH VENTURES?
The employer identification number (EIN) of HEALTH VENTURES is 91-1350776.
Is HEALTH VENTURES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3).
Are donations to HEALTH VENTURES tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does HEALTH VENTURES 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 HEALTH VENTURES 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 HEALTH VENTURES 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 HEALTH VENTURES?
The 990 for the year ended June 30, 2025 names RICHARD MAGNUSON.
Who are the officers and directors of HEALTH VENTURES?
The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does HEALTH VENTURES have?
On its 990 for the year ended June 30, 2025 it reported revenue of $9,402,464, expenses of $52,586 and total assets of $52,691,841 at year end.

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