Valley Health System
- Assets
- $1.8b
- Revenue
- $1.1b
- Investments
- $309.1m
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 80-0584319
Organization Overview
Valley Health System is located in Winchester, VA. The organization was established in 2009. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Valley Health System 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 generated $1.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.1b during the year ending 12/2021. While expenses have increased by 5.4% 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.
Since 2014, Valley Health System has awarded 27 individual grants totaling $19,291,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVING OUR COMMUNITY BY IMPROVING HEALTH. PROVISION OF HEALTHCARE AND MEDICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY HEALTH'S MISSION IS SERVING OUR COMMUNITY BY IMPROVING HEALTH. VALLEY HEALTH IS COMPOSED OF SIX CORE HOSPITALS; HAMPSHIRE MEMORIAL HOSPITAL, PAGE MEMORIAL HOSPITAL, SHENANDOAH MEMORIAL HOSPITAL, WAR MEMORIAL HOSPITAL, WARREN MEMORIAL HOSPITAL AND WINCHESTER MEDICAL CENTER. VALLEY HEALTH BRINGS TOGETHER 620 LICENSED INPATIENT BEDS, 166 LONG-TERM CARE BEDS, 5,300 EMPLOYEES, AND A MEDICAL STAFF EXCEEDING 600 PROFESSIONALS.DURING 2021 THE SYSTEM PROVIDED THE FOLLOWING SERVICES TO THE COMMUNITY- 200,572 INPATIENT ACUTE CARE DAYS; 279,315 OUTPATIENT REGISTRATIONS AT PHYSICIAN PRACTICES; 51,089 INPATIENT LONG TERM CARE DAYS; 5,414 INPATIENT REHABILITATION DAYS; 44,979 HOME CARE VISITS CONSISTING OF NURSING, PHYSICAL THERAPY, SOCIAL WORK, OCCUPATIONAL THERAPY, SPEECH PATHOLOGY, AND HOME HEALTH AIDS; 17,326 SURGICAL PROCEDURES,AND 9,456 INPATIENT PSYCIATRIC PATIENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Kofsky Trustee | Trustee | 50 | $1,038,415 |
Mesfin Shibeshi MD Emp Physician | 50 | $744,028 | |
Ayorinde Akinrinlola MD Emp Physician | 50 | $737,139 | |
Grady W Philips III Sr VP | OfficerTrustee | 39 | $734,331 |
Shalini Reddy Emp Physician | 50 | $695,564 | |
Andrew Brown MD Emp Physician | 50 | $692,046 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Winchester Anesthesiologists Physician Services | 12/30/21 | $7,838,189 |
Trimedx Inc Clinical Engineering Svc | 12/30/21 | $8,330,091 |
Winchester Emergency Physician Physician Services | 12/30/21 | $10,563,249 |
Winchester Cardiology And Vascular Medicine Physician Services | 12/30/21 | $19,764,615 |
Qualivis Llc Nursing Services | 12/30/21 | $29,929,986 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,388,304 |
| Government grants | $29,589,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,117,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,094,933 |
| Total Program Service Revenue | $1,022,168,419 |
| Investment income | $34,156,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $377,356 |
| Net Gain/Loss on Asset Sales | $893,096 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,814 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,117,435,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,939,229 |
| Grants and other assistance to domestic individuals. | $116,731 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,773,279 |
| Compensation of current officers, directors, key employees. | $5,024,594 |
| Compensation to disqualified persons | $380,695 |
| Other salaries and wages | $322,821,668 |
| Pension plan accruals and contributions | $11,061,722 |
| Other employee benefits | $40,028,323 |
| Payroll taxes | $23,216,234 |
| Fees for services: Management | $111,457,033 |
| Fees for services: Legal | $339,531 |
| Fees for services: Accounting | $273,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,219,938 |
| Fees for services: Other | $172,394,416 |
| Advertising and promotion | $1,024,328 |
| Office expenses | $5,950,877 |
| Information technology | $323,552 |
| Royalties | $0 |
| Occupancy | $12,542,114 |
| Travel | $809,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,190,466 |
| Interest | $11,917,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,576,384 |
| Insurance | $4,792,366 |
| All other expenses | $15,694,639 |
| Total functional expenses | $1,084,405,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,392,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,353,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,240,915 |
| Inventories for sale or use | $15,665,178 |
| Prepaid expenses and deferred charges | $15,946,966 |
| Net Land, buildings, and equipment | $731,792,371 |
| Investments—publicly traded securities | $471,373,870 |
| Investments—other securities | $309,084,785 |
| Investments—program-related | $2,827,892 |
| Intangible assets | $0 |
| Other assets | $30,232,939 |
| Total assets | $1,795,910,030 |
| Accounts payable and accrued expenses | $65,814,439 |
| Grants payable | $0 |
| Deferred revenue | $3,371,635 |
| Tax-exempt bond liabilities | $425,449,374 |
| 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 | $222,948,034 |
| Total liabilities | $717,583,482 |
| Net assets without donor restrictions | $1,041,115,617 |
| Net assets with donor restrictions | $37,210,931 |
| 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 | $1,795,910,030 |
Grants Awarded
Over the last fiscal year, Valley Health System has awarded $6,979,331 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Winchester, VA PURPOSE: DIRECT GRANT | $6,948,161 |
Winchester, VA PURPOSE: DIRECT GRANT | $31,170 |
Endowment Analysis
| Beg. Balance | $36,305,469 |
| Earnings | $2,768,636 |
| Net Contributions | $1,125,334 |
| Other Expense | $2,768,363 |
| Ending Balance | $37,431,076 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hh Medstar Health Inc Columbia, MD | $303,491,180 | $865,504,764 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,298,014,981 | $561,406,992 |
Norton Healthcare Inc Louisville, KY | $2,709,209,349 | $492,316,959 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Baptist Patient Safety System Inc Memphis, TN | $1,693,307,701 | $249,640,612 |
West Virginia United Health System Inc Morgantown, WV | $316,093,597 | $251,827,259 |