Valley Health System Inc
- Assets
- $53.6m
- Revenue
- $105.9m
- Investments
- $0.0
- Employees
- 473
- Location
- Ridgewood, NJ
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 22-2922016
Organization Overview
Valley Health System Inc is located in Ridgewood, NJ. The organization was established in 1988. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 12/2021, Valley Health System Inc employed 473 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Health System Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Valley Health System Inc generated $105.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.5% each year . All expenses for the organization totaled $112.5m during the year ending 12/2021. While expenses have increased by 71.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT AND PLANNING SERVICES FOR THE ENTITIES OF THE VALLEY HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED MANAGEMENT AND PLANNING SERVICES TO ITS SUBSIDIARIES AND AFFILIATES OF THE VALLEY HEALTH SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Keenan Former Senior VP Finance/cfo | 0 | $4,692,143 | |
Audrey Meyers President/ceo, Vhs | OfficerTrustee | 8 | $1,715,221 |
Robert W Brenner President, Clinical Integration | Officer | 8 | $1,278,073 |
Peter W Diestel President, Vhs Operations | Officer | 40 | $965,335 |
Ephraim S Casper MD Chief Medical Officer | 40 | $947,492 | |
Robin G Hollander Senior Vp, Legal Services | 40 | $801,917 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spm Marketing & Communications Llc Healthcare Marketing & Communications | 12/30/21 | $2,218,728 |
Heritage Inc Commercial Printing | 12/30/21 | $856,129 |
Dispatch Health Management Llc Home Health Care | 12/30/21 | $788,173 |
Furman Roth Advertising Advertising Services | 12/30/21 | $674,180 |
North Jersey Media Group Newspaper Advertising | 12/30/21 | $544,594 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $101,741,635 |
| Investment income | $368,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,740,110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,850,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,447,387 |
| Compensation of current officers, directors, key employees. | $5,447,387 |
| Compensation to disqualified persons | $4,692,143 |
| Other salaries and wages | $36,763,605 |
| Pension plan accruals and contributions | $2,013,765 |
| Other employee benefits | $4,509,071 |
| Payroll taxes | $3,241,657 |
| Fees for services: Management | $54,784 |
| Fees for services: Legal | $1,408,931 |
| Fees for services: Accounting | $44,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,232 |
| Fees for services: Other | $12,713,806 |
| Advertising and promotion | $4,859,909 |
| Office expenses | $830,514 |
| Information technology | $1,791,088 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,714 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,365,073 |
| All other expenses | $0 |
| Total functional expenses | $112,491,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,425,098 |
| Savings and temporary cash investments | $1,682,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $904,532 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,553,190 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $35,605,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,385,577 |
| Total assets | $53,555,711 |
| Accounts payable and accrued expenses | $12,233,829 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,301,837 |
| Total liabilities | $50,535,666 |
| Net assets without donor restrictions | $3,020,045 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,555,711 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Health System Inc has recieved totaling $2,245,605.
| Awarding Organization | Amount |
|---|---|
Valley Hospital Inc Ridgewood, NJ PURPOSE: GENERAL SUPPORT | $2,245,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somos Healthcare Providers Inc Bronx, NY | $143,305,579 | $92,293,737 |
Valley Health System Inc Ridgewood, NJ | $53,555,711 | $105,850,190 |
Fair Health Inc New York, NY | $43,905,293 | $32,401,678 |
Cicatelli Associates Inc New York, NY | $5,888,559 | $27,747,071 |
Center For Community Resources Incorporated Butler, PA | $7,781,042 | $25,238,032 |
Finger Lakes Migrant Health Care Project Inc Penn Yan, NY | $24,796,436 | $20,780,428 |
Spectrum Health Service Inc Philadelphia, PA | $21,459,031 | $22,165,615 |
Public Good Projects New York, NY | $3,040,032 | $8,988,626 |
Health Promotion Council Of Southeastern Pennsylvania Inc Philadelphia, PA | $4,768,529 | $8,462,838 |
Healthshare Of Southeastern Pennsylvania Inc Philadelphia, PA | $6,008,370 | $8,973,710 |
Global Healthy Living Foundationinc Upper Nyack, NY | $6,909,681 | $8,221,665 |
Gradian Health Systems Inc New York, NY | $21,514,567 | $7,272,178 |