Valley Health System Inc
100% goes to programs $0 to raise $100 Thin reserves Growing revenue
Valley Health System Inc is a 501(c)(3) organization based in Paramus, New Jersey, registered in 1988, with $126,857,689 in FY2024 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
4 Valley Health Plz, Paramus, NJ, 07652 EIN 22-2922016 Since 1988
Revenue (FY2024)
$126.9M
▼ 1.3% vs prior year
Health median: $840K
Expenses (FY2024)
$136.7M
Net assets
$1.1M
Employees
527
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating100% 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 Inc: 100% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -8% 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 Inc: 0 mo reserves · -8% margin earns a C 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 Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide management and planning services for the entities of the valley health system.
Contact & location
- Address
- 4 Valley Health Plz, Paramus, NJ, 07652
- City
- Paramus
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Public Health & Wellness
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.2M (FY2013) to $126.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $48.5MNet assets $1.1M
Operating margin
-7.8%
Spent more than it raised in the latest fiscal year.
Total assets
$49.5M
Total liabilities
$48.5M
Net assets
$1.1M
Salaries & benefits
$74.2M
54% of expenses
Board members
19
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $126,857,689▼1.3% | $136,699,992▲5.5% | $1,082,318▼69.4% | $49,538,141▲51.1% | 990 |
| 2023 | $128,515,021▲24.7% | $129,561,470▲25.4% | $3,537,313▼22.8% | $32,780,884▼44.0% | 990 |
| 2022 | $103,066,284▼2.6% | $103,335,974▼8.1% | $4,583,762▲51.8% | $58,560,203▲9.3% | 990 |
| 2021 | $105,850,190▲30.2% | $112,491,398▲35.4% | $3,020,045▲125% | $53,555,711▲18.7% | 990 |
| 2020 | $81,282,380▼1.9% | $83,068,265▲2.4% | $1,344,515▲26.5% | $45,134,894 | 990 |
| 2019 | $82,822,865▲24.6% | $81,133,758▲22.8% | $1,062,556▼8.1% | $45,149,539▲345% | 990 |
| 2018 | $66,468,276▲1.9% | $66,065,097▲1.4% | $1,156,633▲52.6% | $10,154,334▼10.0% | 990 |
| 2017 | $65,208,765▲2195% | $65,153,284▲2194% | $757,758▼28.2% | $11,282,105▲856% | 990 |
| 2016 | $2,840,725▲8.0% | $2,840,725▲8.0% | $1,054,736▲0.9% | $1,179,736▲12.8% | 990 |
| 2015 | $2,631,376▲1.6% | $2,631,376▲1.6% | $1,045,567▼1.8% | $1,045,567▼1.8% | 990 |
| 2014 | $2,589,597▲18.1% | $2,589,597▲18.1% | $1,064,401▼41.8% | $1,064,401▼41.8% | 990 |
| 2013 | $2,192,696 | $2,192,696▼2.2% | $1,829,424▲19.8% | $1,829,424▲19.8% | 990 |
| 2012 | — | $2,241,227▲4.2% | $1,527,357▲1011% | $1,527,357▲155% | 990 |
| 2011 | — | $2,151,141▲10.2% | -$167,724▼224% | $598,964 | 990 |
| 2010 | — | $1,952,343 | $135,548 | $598,934 | 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: Audrey Meyers — $6,593,387 (4.82% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Audrey Meyers | President & Ceo, Vhs Thru June 2024 | 18 | $6,593,387 |
| Robert W Brenner | President & Ceo, Vhs Eff. July 2024 | 13.5 | $1,878,651 |
| William Klutkowski | Sr. Vp, Finance & Cfo | 19.5 | $1,252,548 |
| Robin Hollander Senior Vp | Sr. Vp Legal Services/ General Counsel | 40 | $1,222,539 |
| Karteek Bhavsar | Sr. Vp & Coo | 20 | $1,177,040 |
| Ephraim Casper Cmo | Cmo, Comprehensive Cancer Care | 39.5 | $1,090,002 |
| Julia N Karcher | Sr. Vp, Vhs/vmg | 5 | $876,302 |
| Eric Carey | Vp/cio, Information Systems | 40 | $867,403 |
| Jose Balderrama | Sr Vp, Human Resources | 40 | $797,304 |
| Gail Callandrillo | Former Key Employee | 0 | $696,170 |
| Joseph Lorino | Vp, Facilities Management | 40 | $649,656 |
| Nisha Sikder | Vp, Payer Strategies | 40 | $591,136 |
| Ann Limberg | Vice Chair | 0.1 | — |
| Bruce Mactas | Trustee | 0.1 | — |
| Denis Salamone | Secretary | 0.1 | — |
| Duane Sachs | Trustee | 0.1 | — |
| Frank J Sheehy | Vice Chair | 0.1 | — |
| James Bush | Trustee | 0.1 | — |
| Jeffrey Tucker | Trustee | 0.1 | — |
| Joseph Marion | Treasurer | 0.1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Spm Marketing & Communications LLC | Marketing Svcs. | $2,778,898 |
| Microsoft Licensing Gp | Software Licensing Services | $2,666,955 |
| Dispatchhealth Management LLC | Medical Services | $1,579,338 |
| Medical Information Technology Inc | Medical It Services | $1,377,476 |
| Shi International Corp | It Products and Services | $1,340,098 |
Grants received · $3.1M total
5 grants to Valley Health System Inc totaling $3.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Valley Hospital Inc | General support | 2024 | $344,547 |
| Valley Hospital Inc | General support | 2023 | $339,362 |
| Valley Hospital Inc | General support | 2022 | $118,540 |
| Valley Hospital Inc | General support | 2021 | $2,245,605 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2019 | $10,119 |
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Frequently asked questions
- Is Valley Health System Inc a legitimate nonprofit?
- Yes. Valley Health System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2922016, based in Paramus, New Jersey. Donations are tax-deductible.
- What is Valley Health System Inc's EIN?
- Valley Health System Inc's Employer Identification Number (EIN) is 22-2922016.
- How much revenue does Valley Health System Inc report?
- Valley Health System Inc reported $126,857,689 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Valley Health System Inc's spending goes to programs?
- Valley Health System Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Valley Health System Inc have?
- CharityIndex grades Valley Health System Inc B, based on program efficiency and fundraising cost.
- How much does Valley Health System Inc's highest-paid employee make?
- The highest reported compensation on Valley Health System Inc's latest Form 990 is $6,593,387, paid to Audrey Meyers (President & Ceo, Vhs Thru June 2024).
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Data for Valley Health System Inc (EIN 22-2922016) 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.