Velarion Records

Critical access hospital · Solvang, California · 11 beds · CMS certification number 051331

Santa Ynez Valley Cottage Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 29, 2026. Seventeen years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$35.5M
$35,481,052 · G-3 line 3
Operating expenses
$30.8M
$30,817,174 · G-3 line 4
Result from patient care
$4.7M
$4,663,878 · G-3 line 5
Margin on patient care
13.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $10.2M in its first year on file (2009) to $35.5M in 2025.
  • Its result from patient care: $1.5M (2023), $219K (2024), $4.7M (2025).
  • 4 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 1.5% of its inpatient days and Medicare for 58.7%.
  • COTTAGE HEALTH holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

Seventeen years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2009
settled
$10.2M
$9.7M
2010
settled
$12.4M
$11.8M
2011
reopened
$13.2M
$12.9M
2012
reopened
$14.4M
$13.9M
2013
settled with audit
$14.4M
$13.5M
2014
settled
$15.2M
$14.3M
2015
reopened
$18.8M
$15.5M
2016
settled
$18.8M
$16.2M
2017
settled
$21.4M
$16.4M
2018
settled
$20.9M
$17.8M
2019
settled
$21.7M
$18.6M
2020
settled
$17.4M
$19.9M
2021
settled
$24.5M
$22.0M
2022
settled
$23.9M
$23.6M
2023
settled with audit
$27.9M
$26.4M
2024
as submitted
$29.4M
$29.2M
2025
as submitted
$35.5M
$30.8M

Beside its peers

Critical access hospitals in California with under 25 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Santa Ynez Valley Cottage Hospital11$35,481,052$30,817,17413.1%
Eastern Plumas Health Care, Portola9$44,083,538$42,648,2723.3%
George L. Mee Memorial Hospital, King City13$77,584,924$73,252,9095.6%
Plumas District Hospital, Quincy14$45,242,149$45,683,943−1.0%
Seneca Hospital, Chester10$26,886,069$23,213,21113.7%
Mammoth Hospital, Mammoth Lakes15$112,050,282$107,367,3264.2%

Patients and payers

Discharges
178
S-3 line 14, col 15
Inpatient days
477
S-3 line 14, col 8
Beds in use, on an average day
1.3
days ÷ days in year
Occupancy
11.9%
days ÷ bed days
Medicare share of days
58.7%
S-3 cols 6 ÷ 8
Medicaid share of days
1.5%
S-3 cols 7 ÷ 8

Who owns it

  • COTTAGE HEALTH100%

Related organizations on its own cost report: COTTAGE HEALTH (100%), home office.

Other hospitals with the same owner: Goleta Valley Cottage Hospital (CA), Santa Barbara Cottage Hospital (CA).

Type of control on its cost report: voluntary nonprofit, other.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by Santa Ynez Valley Cottage Hospital Inc (employer identification number 952224265) for tax year 2023. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$3,053,532IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$957,322IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$1,054,678IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$2,012,000IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$1,041,532IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.1178IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202433169349303778. The IRS archive it was read from.

Follow this hospital, free

We send this record now and tell you when it files again.

More critical access hospitals in California

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 051331. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 29, 2026.