Valley Physician Services Ny Pc
- Assets
- $2.4m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Paramus, NJ
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 45-3125678
Organization Overview
Valley Physician Services Ny Pc is located in Paramus, NJ. The organization was established in 2018. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Valley Physician Services NY Pc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Physician Services NY Pc 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 12/2022, Valley Physician Services NY Pc generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $12.6m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL CARE AND TO CARRY OUT THE PURPOSES OF THE VALLEY HEALTH SYSTEM, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY PHYSICIAN SERVICES NY, P.C. RENDERED MEDICAL CARE TO A TOTAL OF 42,946 PATIENTS. MEDICAL CARE PROVIDED WAS IN THE FIELDS OF CLINICAL CARDIAC ELECTROPHYSIOLOGY, INTERNAL MEDICINE, AND CARDIOLOGY. THE ORGANIZATION ALSO PROVIDED PROGRAM FUNDING TO VALLEY HOSPITAL, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Meyers President & Ceo, Vhs | OfficerTrustee | 1 | $0 |
Vincent Forlenza Chairman | OfficerTrustee | 0.1 | $0 |
Kevin Lobo Vice Chairman | OfficerTrustee | 0.1 | $0 |
Frank J Sheehy Vice Chairman | OfficerTrustee | 0.1 | $0 |
Ann Limberg Vice Chair & Secretary | OfficerTrustee | 0.1 | $0 |
Joseph Marion Treasurer | OfficerTrustee | 0.1 | $0 |
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 | $12,569,653 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,569,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,347,152 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,322,469 |
| Pension plan accruals and contributions | $101,928 |
| Other employee benefits | $128,856 |
| Payroll taxes | $259,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,237,214 |
| Advertising and promotion | $0 |
| Office expenses | $102,576 |
| Information technology | $59,739 |
| Royalties | $0 |
| Occupancy | $583,785 |
| Travel | $4,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,365 |
| Insurance | $61,893 |
| All other expenses | $0 |
| Total functional expenses | $12,569,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,339,634 |
| 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 | $43,572 |
| Net Land, buildings, and equipment | $155,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $501,630 |
| Total assets | $2,370,017 |
| Accounts payable and accrued expenses | $877,118 |
| 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 | $832,769 |
| Total liabilities | $1,709,887 |
| Net assets without donor restrictions | $660,130 |
| 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 | $2,370,017 |
Grants Awarded
Over the last fiscal year, Valley Physician Services Ny Pc has awarded $886,641 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY PHYSICIANS SERVICES PC PURPOSE: STRATEGIC FUNDING | $877,632 |
THE VALLEY HOSPITAL INC PURPOSE: STRATEGIC FUNDING | $9,009 |