Valley Physician Services PC is a 501(c)(3) organization based in Paramus, New Jersey, registered in 2018, with $229,614,679 in FY2024 revenue. CharityIndex grades it C+, and it directs about 92% of spending to programs.
Revenue (FY2024)
$229.6M
▲ 10.3% vs prior year
Health median: $840K
Expenses (FY2024)
$230.9M
Net assets
-$16.6M
Employees
544
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 Physician Services PC: 92% to programs earns a C+ 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 Physician Services PC: 0 mo reserves · -1% margin earns a D 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 Physician Services PC: 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 Physician Services PC: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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To provide medical care and to carry out the purposes of the valley health system, inc.
Revenue grew from $133.4M (FY2017) to $229.6M (FY2024) across 8 reported years.
Financial snapshot
Operating margin
-0.6%
Spent more than it raised in the latest fiscal year.
Total assets
$29.4M
Total liabilities
$46.0M
Net assets
-$16.6M
Salaries & benefits
$164.3M
71% of expenses
Board members
19
18 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $229,614,679▲10.3% | $230,915,450▲10.9% | -$16,626,691▼8.5% | $29,403,094▲20.3% | 990 |
| 2023 | $208,224,307▲3.6% | $208,224,307▲2.0% | -$15,325,920 | $24,434,404▼8.2% | 990 |
| 2022 | $200,994,425▲8.5% | $204,135,773▲8.4% | -$15,325,920▼25.8% | $26,604,976▲21.1% | 990 |
| 2021 | $185,170,254▲18.6% | $188,262,236▲18.9% | -$12,184,572▼34.0% | $21,972,839▼10.9% | 990 |
| 2020 | $156,131,506▼3.9% | $158,376,597▼3.0% | -$9,092,590▼38.9% | $24,664,339▲18.6% | 990 |
| 2019 | $162,443,746▲8.9% | $163,219,483▲9.4% | -$6,546,250▼13.4% | $20,787,942▲46.8% | 990 |
| 2018 | $149,157,797▲11.8% | $149,157,797▲11.8% | -$5,770,513 | $14,158,195▼20.4% | 990 |
| 2017 | $133,363,494 | $133,453,106 | -$5,770,513 | $17,781,707 | 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: Juan Grau — $1,745,095 (0.76% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Juan Grau | Director, Cardiothoracic Surgery | 40 | $1,745,095 |
| Suneet Mittal | Chair, Cardiology Services | 40 | $1,673,228 |
| Paul Burns | Surgical Director, Heart Failure | 40 | $1,577,221 |
| Michael Rahmin Md | Physician | 40 | $1,232,071 |
| Robert Korst | Chief of Oncology Surgical Service | 40 | $992,461 |
| Gerald Sotsky | Associate Chair, Cardiology Services | 40 | $774,758 |
| Puneeta Sharma | Chief Medical Officer, Vmg | 40 | $622,732 |
| Ann Limberg | Vice Chair | 0.1 | — |
| Audrey Meyers | President/ceo, Vhs, Thru June 2024 | 1.8 | — |
| 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 | — |
| Kevin Lobo | Chair | 0.1 | — |
| Michael Mcguire | Trustee | 0.1 | — |
| Michelle Hasson | Trustee | 0.1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Icahn School of Medicine At Mount Sinai | Medical Services | $1,084,967 |
| Bergen Anesthesia Group PC | Medical Services | $1,020,156 |
| Christian Health Care Center | Medical Services | $978,147 |
| Valley Institute For Pain | Medical Services | $538,804 |
| Progressive Radiology LLC | Medical Services | $450,750 |
1 grant to Valley Physician Services PC totaling $318K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Valley Physician Servcies Inc | Strategic funding | 2019 | $318,156 |
1 grant totaling $28.5M in FY2024. All grants made by Valley Physician Services PC →
| Recipient | Purpose | Amount |
|---|---|---|
| Valley Hospital Inc | Strategic funding | $28,475,490 |
Explore more
Data for Valley Physician Services PC (EIN 46-5285330) 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.