Valley Health System
501(c)(3) Donations tax-deductible
78% goes to programs $0 to raise $100 Strong reserves Growing revenue
Valley Health System is a 501(c)(3) organization based in Winchester, Virginia, registered in 2009, with $1,442,236,973 in FY2024 revenue. CharityIndex grades it A, and it directs about 78% of spending to programs.
220 Campus Blvd Ste 310, Winchester, VA, 22601 EIN 80-0584319 Since 2009
Revenue (FY2024)
$1.4B
▲ 17.9% vs prior year
Expenses (FY2024)
$1.3B
Net assets
$1.2B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating78% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Valley Health System: 78% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Valley Health System: 11 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Valley Health System: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Valley Health System: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Serving our community by improving health. provision of healthcare and medical services.
What they do
Physician practice services - 120,689 outpatient registrations
Long term care services - 63,889 inpatient long term care days
Contact & location
- Address
- 220 Campus Blvd Ste 310, Winchester, VA, 22601
- City
- Winchester
- State
- Virginia
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $625.7M (FY2013) to $1.4B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $612.0MNet assets $1.2B
Operating margin
7.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8B
Total liabilities
$612.0M
Net assets
$1.2B
Salaries & benefits
$484.2M
36% of expenses
Board members
44
40 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,442,236,973▲17.9% | $1,339,785,886▲11.6% | $1,201,738,038▲10.2% | $1,813,704,654▲10.0% | 990 |
| 2023 | $1,222,911,046▲4.4% | $1,200,499,902▲4.9% | $1,090,355,607▲7.3% | $1,649,360,010▲0.8% | 990 |
| 2022 | $1,171,611,070▲4.8% | $1,144,882,002▲5.6% | $1,015,882,151▼5.8% | $1,635,529,342▼8.9% | 990 |
| 2021 | $1,117,435,152▲11.7% | $1,084,405,809▲11.3% | $1,078,326,548▲10.0% | $1,795,910,030▲1.5% | 990 |
| 2020 | $1,000,094,144▲2.9% | $974,223,693▲2.4% | $979,986,828▲8.1% | $1,769,918,770▲14.2% | 990 |
| 2019 | $971,556,673▲1.7% | $950,933,267▲1.9% | $906,331,298▲11.7% | $1,549,813,292▲8.4% | 990 |
| 2018 | $955,418,860▲5.6% | $933,467,511▲7.0% | $811,316,773▼3.4% | $1,429,317,771▲0.9% | 990 |
| 2017 | $904,822,277▲4.0% | $872,296,586▲6.8% | $840,213,880▲8.8% | $1,415,951,707▲4.4% | 990 |
| 2016 | $869,992,621▲8.0% | $816,968,884▲8.6% | $772,447,472▲8.3% | $1,356,182,401▲4.7% | 990 |
| 2015 | $805,553,718▲25.0% | $752,470,210▲23.6% | $713,408,471▲3.2% | $1,295,378,241▼3.3% | 990 |
| 2014 | $644,220,326▲3.0% | $608,754,147▲1.0% | $691,204,639▼5.9% | $1,339,060,890▲6.4% | 990 |
| 2013 | $625,680,932 | $602,694,934▲3.5% | $734,315,577▲23.3% | $1,257,964,061▲6.9% | 990 |
| 2012 | — | $582,303,009▲9.3% | $595,735,203▲2.7% | $1,177,009,597▲1.2% | 990 |
| 2011 | — | $532,807,758▼3.6% | $580,159,086▼8.3% | $1,163,557,547▲0.4% | 990 |
| 2010 | — | $552,968,531 | $632,650,264 | $1,158,687,964 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Charbel Fawaz — $1,424,070 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Charbel Fawaz | Emp Physician | 50 | $1,424,070 |
| David Salvetti | Emp Physician | 50 | $1,245,506 |
| Ernesto Jimenez | Emp Physician | 50 | $1,072,828 |
| Mark Kumar | Emp Physician | 50 | $1,042,483 |
| Tonya Smith | Svp Wmc | 39 | $1,037,346 |
| Mesfin Shibeshi | Employed Phys | 50 | $989,765 |
| Nicholas Restrepo | Vp Med Affairs | 39 | $688,588 |
| Chris Rucker | Vp Ambulatory | 39 | $686,083 |
| Kenneth Janowski Md | Vp Med Affairs | 39 | $652,915 |
| Jeffrey Feit Md | Coo Vpe | 39 | $633,875 |
| Terral Goode Md | Trustee | 50 | $633,478 |
| Jeffrey Lessar | Former Trustee/emp Physician | 50 | $612,520 |
| Edward Kofsky | Trustee | 50 | $581,833 |
| Bradford Rogers | Vice President | 38 | $554,518 |
| Kevin Sheppard | Vp Ops &clinic | 38 | $466,039 |
| Glen Bouder | Trustee | 2 | $459,655 |
| Julie Miksit | Vp Operations | 38 | $445,782 |
| Kris Maddalena | Vice President | 38 | $398,465 |
| Gregory Byrd Md | Trustee | 50 | $396,653 |
| Joseph Hashem | Former Trustee/emp Physician | 50 | $391,206 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Emergency Medicine of Blue Ridge | Embr Services | $25,537,923 |
| Winchester Cardiology and Vascular Medicine | Physician Services | $22,599,323 |
| Healthtrust Workforce | Nursing Services | $19,073,862 |
| Winchester Anesthesiologists | Anesthesia Services | $12,131,118 |
| Winchester Neurological Consultants | Physician Services | $10,359,282 |
Grants made · $7.9M in FY2024
1 grant totaling $7.9M in FY2024. All grants made by Valley Health System →
| Recipient | Purpose | Amount |
|---|---|---|
| East Mountain Health Physicians Inc | Direct grant | $7,916,056 |
Frequently asked questions
- Is Valley Health System a legitimate nonprofit?
- Yes. Valley Health System is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 80-0584319, based in Winchester, Virginia. Donations are tax-deductible.
- What is Valley Health System's EIN?
- Valley Health System's Employer Identification Number (EIN) is 80-0584319.
- How much revenue does Valley Health System report?
- Valley Health System reported $1,442,236,973 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Valley Health System's spending goes to programs?
- Valley Health System spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Valley Health System have?
- CharityIndex grades Valley Health System A, based on program efficiency and fundraising cost.
- How much does Valley Health System's highest-paid employee make?
- The highest reported compensation on Valley Health System's latest Form 990 is $1,424,070, paid to Charbel Fawaz (Emp Physician).
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Data for Valley Health System (EIN 80-0584319) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.