by the fans of FREE MARKET COMPETITION
The Vail Valley Medical Center is sitting on a Mountain of Cash.
In excess of $164 Million in Cash and Equivalents – according to their Federal 990 Tax Return filed in 2013.
You already know – Eagle County, Colorado (and Pitkin County) pay the Highest Health Insurance costs in the Nation…but what you don’t know – till now – is just how much Cash the main Healthcare provider in Eagle County, Colorado – the (Vail Valley Medical Center) is sitting on.
Below from Page 11 of VVMC’s Federal 990 Tax Return filed in 2013.
$48,168,487 + $103,058,938 + $13,516,417 = $164,743,842.00
Just CLICK ON the graphic below to enlarge it.
To review the entire Vail Valley Medical Centers 2013 Federal Tax return – from above (Click Here)
The ECT folks will also point out that the previous years (before this Tax Return) Federal 990 Tax Return reported $133,754,419.00 also in “cash and equivalents”. This “mountain of VVMC cash” has been accumulating for years…
Fact is…even if a VVMC Hospital Expansion cost ~$40 Million dollars – the Board of Directors at VVMC could simply “write the check” and not even “bat an eye”! Leaving a mere $140 Million in their bank – as left over “cash and equivalents.
So then why all the current emphasis on a new Hospital Fund Raising effort to pay for this new (now approved) Vail Hospital Expansion? Well, Vail Hospital CEO Doris Kirchner? Insurance costs for putting Rescue Helicopter/Helipads on the top of Buildings must be going UP…in lieu of what happened in Summit County this past Friday, July 3rd 2015. (Click Here) The ECT never agreed with the Town of Vail’s approval to allow a Helipad on the top of a building – as part of their (now) approved Vail Hospital Expansion…
ECT Disclaimer: Special Thanks to some long time (well heeled) Vail locals who helped educate some ECT folks on “how to read” certain sections of Federal Tax Returns. ECT had the Tax Return information – based on our Public Record online research – however the expertise needed to interpret sections of those Tax Returns were provided to the ECT – by others who prefer to remain anonymous.