2025-08-14T13:52:23-05:00 2024-09-30 PWC US TAX LLP 655 NEW YORK AVE NW STE 1100 WASHINGTON DC 20001 990 2023-10-01 237352886 THE VALLEY FOUNDATION % W SCOTT BENCE VALL 2565397757 301 GOVERNORS DRIVE SW HUNTSVILLE AL 35801 W SCOTT BENCE TREASURER/SECRETARY 2565397757 2025-08-14 true true MICHAEL D HOFFMAN P01345551 2024141000 2025-08-11 2023 2025-03-06 01:10:19Z ROGER SMALLIGAN 301 GOVERNORS DRIVE SW HUNTSVILLE AL 35801 15184108 false X N/A X 1973 AL THE FOUNDATION PROVIDES ASSISTANCE TO THE UNIVERSITY OF ALABAMA AT BIRMINGHAM FOR ITS MEDICAL EDUCATION, TRAINING, AND RESEARCH PROGRAMS. 17 12 36 12 0 0 0 0 14291105 14258111 491689 925997 0 0 14782794 15184108 438594 424400 0 0 5702154 5781750 0 0 0 6426336 6339558 12567084 12545708 2215710 2638400 19433240 23817639 1692992 1700903 17740248 22116736 TO GRATEFULLY TREAT ALL PATIENTS AND STAFF WITH COMPASSION, RESPECT AND UNDERSTANDING WHILE PROVIDING THE HIGHEST QUALITY MEDICAL CARE AND SERVICE AVAILABLE IN NORTH ALABAMA. WE ARE DEDICATED TO SATISFYING THE INDIVIDUAL NEEDS OF OUR PATIENTS THROUGH PROVIDING EASY ACCESS TO SERVICES IN A SAFE AND CARING ENVIRONMENT WHERE EVERYONE FEELS SPECIAL. THE SCHOOL OF MEDICINE IS DEDICATED TO THE EDUCATION OF PHYSICIANS AND SCIENTISTS IN ALL OF THE DISCIPLINES OF MEDICINE AND BIOMEDICAL INVESTIGATION FOR CAREERS IN PRACTICE, TEACHING AND RESEARCH. NECESSARY TO THIS EDUCATIONAL MISSION IS THE PROVISION OF OUTSTANDING MEDICAL CARE AND SERVICES AND THE ENHANCEMENT OF NEW KNOWLEDGE THROUGH CLINICAL AND BASIC BIOMEDICAL RESEARCH. false false 7432053 0 14258111 PATIENT CARE SERVICES. PATIENT ENCOUNTERS THIS YEAR WERE 80,992. 4156250 424400 0 SUPPORT TO THE UNIVERSITY OF ALABAMA AT BIRMINGHAM. THE VALLEY FOUNDATION PROVIDES THE UNIVERSITY OF ALABAMA BIRMINGHAM'S HUNTSVILLE REGIONAL MEDICAL CAMPUS ACCESS TO PATIENTS AND MEDICAL SERVICES TO FACILITATE THE CLINICAL TRAINING NECESSARY TO MEET EDUCATIONAL REQUIREMENTS FOR THIRD AND FOURTH YEAR MEDICAL STUDENTS, INTERNAL AND FAMILY MEDICINE RESIDENTS. TRAINING WAS PROVIDED FOR 60 RESIDENTS AND 65 MEDICAL STUDENTS. 747086 0 0 CONTRACTED CLINICAL SERVICES TO PROVIDE TO A LOCAL NURSING HOME, THE MADISON COUNTY MENTAL HEALTH CENTER, HOSPICE & ALETHEIA HOUSE HOSPICE, COUNTY JAIL AND HUNTSVILLE HOSPITAL. 12335389 true false false false false false false false false false true false false false true false true false false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 5 0 true 36 true false false false false false false false false false false false false X 17 12 true false false false false false false true true false false true true true true true true true true false X W SCOTT BENCE 2565397757 301 GOVERNORS DRIVE SW SUITE 313G HUNTSVILLE AL 35801 DAWN BULGARELLA BOARD MEMBER 1.0 42.0 X 0 2527052 106175 ANUPAM AGARWAL CHAIRMAN OF BOARD 1.0 61.25 X 0 1136096 187782 MR ROGER SMALLIGAN PRESIDENT / CEO 40.0 20.0 X X 361638 283457 92221 MR JOHN FANNING PHYSICIAN 25.0 20.0 X 196710 175233 73144 MR W SCOTT BENCE TREASURER/BOARD SECRETARY 40.0 20.0 X 391581 0 33001 DR ALAN BAGGETT PHYSICIAN 25.0 20.0 X 275301 89084 49755 DR NANCY BLEVINS BOARD MEMBER 25.0 25.0 X 190925 121735 35235 DR SHIVANI MALHOTRA PHYSICIAN 40.0 0.0 X 191316 120826 33855 DR JESSE FAULK PHYSICIAN 40.0 20.0 X 191997 58540 50637 DR CHELSEA PALMER PHYSICIAN 40.0 20.0 X 195006 8663 53692 DR STEFFANE BATTLE BOARD MEMBER 25.0 40.0 X 198011 25000 17011 MR CHARLES H JONES BOARD MEMBER 2.0 0.0 X 0 0 0 MR DANA TOWN BOARD MEMBER (UNTIL 09/24) 3.0 0.0 X 0 0 0 MR JEFF GRONBERG BOARD MEMBER 1.0 0.0 X 0 0 0 MR JOHN WYNN BOARD MEMBER 1.0 0.0 X 0 0 0 DR LAKSHMI NALLAMALA BOARD MEMBER 2.0 0.0 X 0 0 0 MR MICHAEL AHEARN BOARD MEMBER 1.0 0.0 X 0 0 0 MR PETER LOWE BOARD MEMBER 2.0 0.0 X 0 0 0 MR RONALD GRAY BOARD MEMBER 2.0 1.0 X 0 0 0 HON SCHUYLER RICHARDSON BOARD MEMBER 1.0 0.0 X 0 0 0 MS THERESA A TERRI COOMER BOARD MEMBER 1.0 0.0 X 0 0 0 MR THOMAS YOUNG BOARD MEMBER 1.0 0.0 X 0 0 0 MR TIM HOWARD BOARD MEMBER 2.0 0.0 X 0 0 0 2192485 4545686 732508 24 false true false NONE 0 0 NET PATIENT REVENUE 900099 13295059 13295059 PAYER INCENTIVES 900099 222165 222165 MISCELLANEOUS 900099 740887 740887 14258111 686718 686718 0 0 0 0 0 239279 239279 239279 239279 0 0 0 0 0 0 0 0 0 0 15184108 14258111 925997 424400 424400 0 0 0 1321481 1321481 0 0 3726914 3726914 0 450740 450740 282615 282615 0 0 54569 54569 0 0 17606 17606 230881 191273 39608 1526 1526 0 69564 69564 0 0 0 0 57132 57132 0 0 0 133947 128312 5635 HEALTH SERVICES 4107291 4107291 BAD DEBT EXPENSES 1284712 1284712 PROFESSIONAL SERVICES 163040 155830 7210 FOOD & ENTERTAINMENT 133750 55925 77825 85540 79200 6340 12545708 12335389 210319 0 277 277 4940914 5085669 0 0 1192260 1237719 0 0 0 0 0 0 0 0 0 0 135332 135332 13299789 17493974 0 0 0 0 0 0 0 0 19433240 23817639 1592992 1650903 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100000 50000 1692992 1700903 X 17740248 22116736 0 0 17740248 22116736 19433240 23817639 2638400 1738088 X false true X true false X 0 0 0 0 0 0 9992884 10933122 13405777 14291105 14258111 62880999 0 0 0 9992884 10933122 13405777 14291105 14258111 62880999 0 0 0 62880999 344946 309098 335763 555063 686718 2231588 0 344946 309098 335763 555063 686718 2231588 0 0 10337830 11242220 13741540 14846168 14944829 65112587 0.96573 0.96786 0.03427 0.03214 X 135332 135332 0 0 0 OTHER CURRENT LIABILITIES 50000 50000 15619878 1738088 -1302318 435770 15184108 15184108 11243390 11243390 17606 1284712 1302318 12545708 SCHEDULE D, PART XI, LINE 2D THE AMOUNTS INCLUDED ON THIS LINE: INVESTMENT MANAGEMENT FEES ($17,606) BAD DEBT EXPENSE ($1,284,712) SCHEDULE D, PART XII, LINE 4B THE AMOUNTS INCLUDED ON THIS LINE: BAD DEBT EXPENSE ($1,284,712) true UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE 510 20TH ST S BIRMINGHAM AL 35210 636001138 501(C)(3) 424400 SPRT ACAD. MISSION 1 0 SCHEDULE I, PART I, LINE 2: USE OF FUNDS ARE MONITORED BY THE FINANCIAL OFFICER AND TREASURER THROUGH NORMAL APPROVAL PATHS IN ACCORDANCE WITH THE RULES SET BY THE GRANTING AGENCY. X X X X false false false false false false false false false DR ALAN BAGGETT PHYSICIAN 242007 88982 31079 0 2215 102 9983 16094 944 22734 286228 127912 0 0 ANUPAM AGARWAL CHAIRMAN OF BOARD 0 957614 0 126005 0 52477 0 152551 0 35231 0 1323878 0 0 DR CHELSEA PALMER PHYSICIAN 154760 8661 37798 0 2448 2 15450 4149 1262 32831 211718 45643 0 0 DR JESSE FAULK PHYSICIAN 154065 58491 35112 0 2820 49 11670 11052 1100 26815 204767 96407 0 0 MR JOHN FANNING PHYSICIAN 140990 173751 52900 0 2820 1482 13792 29238 0 30114 210502 234585 0 0 DR NANCY BLEVINS BOARD MEMBER 120746 120612 67797 0 2382 1123 11940 21216 1571 508 204436 143459 0 0 MR ROGER SMALLIGAN PRESIDENT / CEO 257287 279980 101531 0 2820 3477 18480 48138 3151 22452 383269 354047 0 0 DR SHIVANI MALHOTRA PHYSICIAN 113057 120485 76000 0 2259 341 12146 19847 1354 508 204816 141181 0 0 DR STEFFANE BATTLE BOARD MEMBER 164318 25000 31983 0 1710 0 16342 0 564 105 214917 25105 0 0 MR W SCOTT BENCE TREASURER/BOARD SECRETARY 318761 0 70000 0 2820 0 31709 0 1292 0 424582 0 0 0 DAWN BULGARELLA BOARD MEMBER 0 1341611 0 590285 0 595156 0 87800 0 18375 0 2633227 0 0 FORM 990, PART VI, LINE 2: MICHAEL AHEARN AND PETER LOWE - FAMILY RELATIONSHIP FORM 990, PART VI, LINE 11B: THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, LINE 12C: ANNUAL DISCLOSURES ARE MADE AND SUBMITTED TO LEGAL COUNSEL FOR REVIEW AND MITIGATION SUGGESTIONS. AN AD-HOC COMMITTEE OF THE BOARD THEN REVIEWS AND ENFORCES COMPLIANCE WITH THE POLICY. FORM 990, PART VI, LINES 15A & 15B: THE COMPENSATION COMMITTEE OF BOARD RETAINS SOLE APPROVAL AUTHORITY FOR COMPENSATION AND IS COMPRISED OF INDEPENDENT DIRECTORS. THE COMPENSATION COMMITTEE REVIEWS AND COMPARES CURRENT SALARY TO NATIONAL SALARY/WAGE DATA FOR SIMILARLY SITUATED INDIVIDUALS. FORM 990, PART VI, LINE 19: THE VALLEY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ONLY UPON REQUEST. SEE ATTACHMENT NA SEE ATTACHMENT NA false true false false false false false false false false false false true true true true false false false FORM 990, SCHEDULE R, PART II - NAMES OF RELATED ORGANIZATIONS: THE ATTACHED LIST OF ENTITIES ARE FOUNDATIONS OR SUBSIDIARIES AFFILIATED WITH THE UNIVERSITY OF ALABAMA SYSTEM AND ITS VARIOUS CAMPUSES. SOME OF THESE ENTITIES MAY NOT MEET THE IRS DEFINITION OF "RELATED ORGANIZATION" FOR PURPOSES OF SCHEDULE R. THEY ARE INCLUDED, HOWEVER, ON THIS ATTACHED STATEMENT FOR PURPOSES OF COMPLETENESS AND TRANSPARENCY. ALABAMA CARE NETWORK MID-STATE (EXEMPT) ALABAMA CARE NETWORK SOUTHEAST (EXEMPT) ALABAMA PHYSICIAN NETWORK, LLC (LLC) ALABAMA ENGINEERING FOUNDATION, INC. (EXEMPT) CAMPUS HOSPITALITY SERVICES, LLC (LLC) CAPSTONE EDUCATIONAL AND RESEARCH FOUNDATION (EXEMPT) CAPSTONE HEALTH SERVICES FOUNDATION, P.C. (EXEMPT) COMMERCIAL REAL ESTATE, LLC (LLC) COOPER GREEN MERCY HEALTH SERVICES AUTHORITY, AN AFFILIATE OF UAB MEDICINE ENTERPRISE (C CORP) COOPER GREEN REHABILITATION SERVICES (EXEMPT) CRIMSON TIDE FOUNDATION (EXEMPT) GORGAS MEMORIAL INSTITUTE OF TROPICAL AND PREVENTATIVE MEDICINE, INC. (C CORP) MEDICAL TOWERS, INC. (C CORP) MEDICAL WEST HOSPITAL AUTHORITY, AN AFFILIATE OF UAB MEDICINE ENTERPRISE (EXEMPT) RIDGECREST STUDENT HOUSING, LLC (LLC) SOUTHERN RESEARCH INSTITUTE (EXEMPT) THE 1831 FOUNDATION (EXEMPT) THE ALABAMA "A" CLUB EDUCATIONAL AND CHARITABLE FOUNDATION (EXEMPT) THE ALUMNI ASSOCIATION OF THE UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE (EXEMPT) THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA (EXEMPT) THE CAPSTONE FOUNDATION (EXEMPT) THE HEALTH CARE AUTHORITY FOR BAPTIST HEALTH, AN AFFILIATE OF UAB MEDICINE ENTERPRISE (C CORP) THE KIRKLIN CLINIC, INC. (C CORP) THE NATIONAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF ALABAMA (EXEMPT) THE NATIONAL ALUMNI SOCIETY OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM (EXEMPT) THE UAB DIABETES TRUST FOUNDATION (EXEMPT) THE UAB EDUCATIONAL FOUNDATION (EXEMPT) THE UAB RESEARCH FOUNDATION (EXEMPT) THE UNIVERSITY FOUNDATION (EXEMPT) THE UNIVERSITY OF ALABAMA "A" CLUB ALUMNI ASSOCIATION (EXEMPT) THE UNIVERSITY OF ALABAMA DONOR ADVISED FUND (EXEMPT) THE UNIVERSITY OF ALABAMA IN HUNTSVILLE PUBLIC EDUCATION BUILDING AUTHORITY (EXEMPT) THE UNIVERSITY OF ALABAMA IN HUNTSVILLE RESEARCH AND TECHNOLOGY CORPORATION (EXEMPT) THE UNIVERSITY OF ALABAMA LAW SCHOOL FOUNDATION (EXEMPT) THE UNIVERSITY OF ALABAMA OPHTHALMOLOGY SERVICES FOUNDATION (EXEMPT) THE VALLEY FOUNDATION (EXEMPT) THE WORKPLACE, INC. (C CORP) TRITON HEALTH SYSTEMS, LLC (LLC) UA-ASU-TSU EDUCATIONAL RADIO CORPORATION (EXEMPT) UAB ATHLETICS FOUNDATION (EXEMPT) UAB CALLAHAN EYE HOSPITAL AUTHORITY (EXEMPT) UAB HEALTH SYSTEM AUTHORITY (EXEMPT) UAB HOSPITAL MANAGEMENT, LLC (LLC) UAB MEDICINE ENTERPRISE (EXEMPT) UAB MEDICINE FINANCE AUTHORITY (C CORP) UAB-SVHS, INC. (EXEMPT) UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION, P.C. (EXEMPT) UNIVERSITY OF ALABAMA HUNTSVILLE FOUNDATION (EXEMPT) VENN LABS, INC. (EXEMPT) VIVA HEALTH ADMINISTRATION, LLC (LLC) VIVA HEALTH INSURANCE COMPANY (C CORP) VIVA HEALTH, INC. (EXEMPT)