Star Valley Medical Center is a community-centered non-profit hospital that ensures the communities of North Lincoln County will continue to receive the best health care possible into the future. No taxpayer dollars are used for operations. The hospital is sustained by revenue generated through patient services, grants, and private donations made through the Star Valley Medical Center Charitable Foundation.
Question: What is a not-for-profit hospital? How does that differ from a for-profit hospital?
Answer: From a business standpoint, for-profit hospitals generate profits for investors and stakeholders while not-for-profit hospitals are often operated by a community, government or faith-based organization. Not-for-profits reinvest proceeds into hospital improvement and other community-strengthening channels. SVMC is a special tax district with local representation on a governing board and supported by a property tax mill levy paid to the North Lincoln County Hospital District dba Star Valley Medical Center.
Question: How is Star Valley Medical Center managed?
Answer: SVMC is an acute care critical access hospital (CAH) which operates under the direction of an administration team and is governed by the elected North Lincoln County Hospital District Board of Trustees. The NLCHD trustees are committed to ensuring that the quality and feasibility of health care provided in our community is sustained and supported.
Question: What are some of the requirements to be tax-exempt?
Answer: To be tax-exempt under section501(c)(3) of the Internal Revenue Code, an organization must be operated exclusively for purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition, it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.