Valley Hospital Inc is a 501(c)(3) organization based in Paramus, New Jersey, registered in 1953, with $1,259,513,188 in FY2024 revenue. CharityIndex grades it A, and it directs about 79% of spending to programs.
Revenue (FY2024)
$1.3B
▲ 9.2% vs prior year
Health median: $840K
Expenses (FY2024)
$1.2B
Net assets
$1.8B
Employees
4,835
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 Hospital Inc: 79% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
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 Hospital Inc: 18 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
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 Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Hospital Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
The valley hospital serves the community by healing and caring for patients, comforting their families and teaching good health.
Bergen county has the second highest percentage of adults 65 and over among all counties in new jersey. 16.4 percent of bergen county residents are over age 65 compared to new jersey overall at 15.1 percent. valley health primetime was created to help older adults stay healthy by teaching them good health and providing opportunities to remain socially active. in 2019, valley health primetime offered 52 free programs to over 1,500 older adults. additionally, valley's community health department works with a number of low-income senior housing facilities to provide, screenings, education, donations, and resources for its residents. each year valley dining prepares over 23,000 meals for community meals, inc. and financial resources to support homebound older adults in valley's service area. valley's community care clinic had 6,230 visits in 2019. they provide care at no cost to the patients who qualify in 16 (medical, neurology, gi, general surgery, breast surgery, rheumatology, ophthalmology, gyn, ob, pediatrics, pulmonary, cardiology, pain, dermatology, orthopedics, and urology) specialty clinics. they continue to provide care to children in foster care in bergen and passaic counties that require complex medical and subspecialty care. by partnering with area religious institutions, valley is able to work with underserved populations to help meet access to care needs of their members by providing on-site health fairs, screenings, and education on various health topics, as well as connect individuals to resources. 3,500 people participated in free screenings provided by valley and over 37,500 people participated in free education programs in 2019.not only has valley enlisted the services of uber health to provide transportation for patients who qualify based on income level, but valley offers a free non-emergent transportation service for patients who are unable to drive or have access to public transportation. valley health system has also partnered with dispatchhealth, a nationwide on-demand healthcare company to deliver high-quality urgent care to northern new jersey residents of all ages, in the comfort of their homes. dispatchhealth and valley are working together to increase accessibility to affordable care for seniors or busy working parents, both of who can benefit from staying home for treatment. in fact, the medical cost for a dispatchhealth visit is nearly one-tenth of the medical cost for an er visit.
1,719 people participated in cancer education and screening programs in 2019. breast cancer, prostate cancer, and colon cancer, as well as nutrition and cancer were topics of interest. additionally, smoking and vaping were topics that were widely discussed. over 2,500 people attended free support groups offered by valley in 2019. valley also provides meeting space for three 12-step programs and support groups for alzheimer's new jersey, children and adults with attention-deficit/hyperactivity disorder (chadd), and crones/colitis foundation. another 5,507 people attended mental health and substance abuse education programs on topics including positive coping, winter blues, anxiety issues, bullying, mindfulness, palliative care, managing stress, and naloxone training. 520 people attended weekly guided imagery sessions and an additional 441 people attended the new drumming circle, an evidence-based, mind-body activity that uses the drum as a tool for personal expression and helps to lessen the feelings of burnout and fatigue. 1,190 people attended programs on arthritis, osteoporosis, and back pain. arthritis management and falls prevention were popular topics along with joint replacement. more than 200 community residents turned out for "joints in motion" an informative event focused on orthopedics and joint replacements presented in conjunction with stryker orthopaedics and held at stryker's corporate and manufacturing headquarters in mahwah.
Revenue grew from $663.3M (FY2013) to $1.3B (FY2024) across 12 reported years.
Financial snapshot
Operating margin
5.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.5B
Total liabilities
$664.8M
Net assets
$1.8B
Salaries & benefits
$431.4M
36% of expenses
Board members
19
18 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,259,513,188▲9.2% | $1,190,122,608▲14.9% | $1,788,625,875▲7.9% | $2,453,447,464▲3.6% | 990 |
| 2023 | $1,153,072,946▲8.8% | $1,035,353,094▲10.3% | $1,657,688,009▲12.7% | $2,368,786,881▲8.1% | 990 |
| 2022 | $1,059,746,501▲5.9% | $938,302,747▲9.6% | $1,471,530,093▲1.3% | $2,192,208,083▼1.0% | 990 |
| 2021 | $1,000,529,103▲11.5% | $855,859,930▲1.5% | $1,452,135,901▲10.4% | $2,214,086,950▲5.7% | 990 |
| 2020 | $897,397,023▲4.3% | $843,490,125▲12.9% | $1,315,423,102▲11.8% | $2,094,706,375▲13.4% | 990 |
| 2019 | $860,142,109▲13.3% | $746,811,672▲3.6% | $1,176,687,649▲17.4% | $1,846,770,409▲47.8% | 990 |
| 2018 | $759,003,505▲7.3% | $720,825,562▲1.2% | $1,001,870,186▲5.4% | $1,249,287,053▲10.3% | 990 |
| 2017 | $707,074,996▼0.7% | $712,151,287▲5.5% | $950,527,600▲15.5% | $1,132,999,837▲10.9% | 990 |
| 2016 | $712,084,233▲5.9% | $674,805,327▲2.8% | $823,012,997▲6.3% | $1,021,454,906▲4.7% | 990 |
| 2015 | $672,424,783▼0.7% | $656,626,399▼0.7% | $774,572,033▲3.2% | $975,221,417▲2.3% | 990 |
| 2014 | $677,137,484▲2.1% | $661,167,421▲1.7% | $750,265,062▼1.0% | $953,139,248▲3.4% | 990 |
| 2013 | $663,253,034 | $650,329,479▲16.2% | $758,163,608▲14.3% | $921,983,892▲8.8% | 990 |
| 2012 | — | $559,490,731▲2.7% | $663,160,061▲18.8% | $847,144,296▲13.5% | 990 |
| 2011 | — | $544,613,809▼0.8% | $558,303,238▲2.4% | $746,293,899▲6.9% | 990 |
| 2010 | — | $549,059,145 | $545,466,023 | $698,448,493 | 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.
Highest-paid: Joseph Yallowitz — $928,406 (0.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joseph Yallowitz | Vp & Chief Medical Officer | 40 | $928,406 |
| David Bohan | Vp & Chief Philanthropy Officer | 4 | $678,150 |
| Charles Vannoy | Vp/cno, Patient Care Svcs | 40 | $595,903 |
| Brad Haspel | Vp, Ancillary Services | 40 | $497,191 |
| Bettyann Kempin | Vp, Administration | 40 | $483,237 |
| Peter Diestel | Transitional Consultant | 40 | $446,537 |
| Ann Limberg | Vice Chair | 0.1 | — |
| Audrey Meyers | President & Ceo, Vhs Thru June 2024 | 14.3 | — |
| 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 | — |
| Judy Baselice | Trustee | 0.1 | — |
| Karteek Bhavsar | Sr Vp & Coo | 20 | — |
| Kevin Lobo | Chair | 0.1 | — |
| Michael Mcguire | Trustee | 0.1 | — |
| Michelle Hasson | Trustee | 0.1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Torcon Inc | General Contractor | $76,231,466 |
| Fmg General Contracting Co Inc | General Contractor | $15,223,380 |
| Vaya Workforce Solutions LLC | Temporary Staffing | $14,187,908 |
| Nihon Kohden America Inc | General Contractor | $7,194,295 |
| Danker LLC | Electrical Contractor | $5,793,868 |
25 grants to Valley Hospital Inc totaling $208.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Valley Physician Services PC | Strategic funding | 2024 | $28,475,490 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $71,429 |
| Valley Physician Services PC | Strategic funding | 2023 | $27,076,288 |
| Northwestern University | Support of research activities | 2023 | $14,911 |
| American Heart Association Inc | Atrial fibrillation program | 2023 | $14,000 |
| Valley Physician Services PC | Strategic funding | 2022 | $47,852,914 |
| Donor Advised Charitable Giving | Health | 2022 | $11,000 |
| American Heart Association Inc | Atrial fibrillation initiative | 2022 | $10,000 |
| Valley Physician Services PC | Strategic funding | 2021 | $44,133,513 |
| The Childrens Hospital of Philadelphia | Research | 2021 | $70,165 |
| Vanderbilt University Medical Center | Research | 2021 | $33,795 |
| Valley Physician Services PC | Strategic funding | 2020 | $14,736,696 |
| Vanderbilt University Medical Center | Research | 2020 | $9,478 |
| Network For Good Inc | Unrestricted | 2020 | $6,133 |
| Valley Home Care Inc | Construction of a new hospital facility. | 2019 | $30,211,141 |
20 grants totaling $131.3M in FY2024 — showing the 15 largest. All grants made by Valley Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Valley Physician Servcies Inc | General support | $130,744,481 |
| Valley Health System Inc | General support | $344,547 |
| Bergen Volunteer Medical Initiative Inc | General support | $30,000 |
| Borough of Paramus | General support | $25,000 |
| Pony Power Therapies Inc | General support | $20,000 |
| American National Red Cross | General support | $15,000 |
| American Cancer Society Inc | General support | $15,000 |
| Bergen Performing Arts Center Inc | General support | $15,000 |
| Childrens Aid and Family Services Inc | General support | $13,000 |
| Mahwah Regional Chamber of Commerce Inc | General support | $12,740 |
| Christian Health Care Center | General support | $11,000 |
| Boys and Girls Club of Paterson and Passaic Inc | General support | $10,000 |
| Family Promise of Bergen County A New Jersey Non Profit Corporation | General support | $10,000 |
| New Jersey Hospital Association | General support | $10,000 |
| West Bergen Mental Healthcare Inc | General support | $8,000 |
Explore more
Data for Valley Hospital Inc (EIN 22-1487307) 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.