Form 990 for tax year 2024

Totals

Total revenue

$1,259,513,188

Total expenses

$1,190,122,608

Contributions and grants received

$51,959,731

Grants paid

$131,351,168

Program service revenue

$1,158,426,558

Investment income

$27,027,112

Other revenue

$22,099,787

Total assets, end of year

$2,453,447,464

Total liabilities, end of year

$664,821,589

Net assets or fund balances, end of year

$1,788,625,875

Program services expenses (Part IX)

$943,709,582

Management and general expenses

$246,413,026

Fundraising expenses

$0

Program service expenses (Part III)

$943,709,582

Program services were 79.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• THE VALLEY HOSPITAL, LOCATED IN PARAMUS, NEW JERSEY, IS A FULLY ACCREDITED, ACUTE CARE, NOT-FOR-PROFIT HOSPITAL SERVING MORE THAN 440,000 PEOPLE IN 32 TOWNS IN BERGEN COUNTY AND ADJOINING COMMUNITIES. THE VALLEY HOSPITAL IS PART OF VALLEY HEALTH SYSTEM, A REGIONAL HEALTHCARE SYSTEM THAT SERVES RESIDENTS IN NORTHERN NEW JERSEY AND SOUTHERN NEW YORK. IT COMPRISES THE VALLEY HOSPITAL, VALLEY HOME CARE, AND VALLEY MEDICAL GROUP. AS A NOT-FOR-PROFIT HOSPITAL, VALLEY IS COMMITTED TO GIVING BACK TO THE COMMUNITY. VALLEY SERVES THE COMMUNITY BY PROVIDING THOUSANDS OF HOURS OF HEALTHCARE EDUCATION AND SCREENINGS, SUPPORT GROUPS, AND CLASSES TO ASSIST THOSE IN NEED, AND CARE TO ALL THOSE WHO COME THROUGH OUR DOORS, REGARDLESS OF THEIR ABILITY TO PAY. VALLEY'S LICENSED CAPACITY IN 2023 WAS 431 BEDS. ON APRIL 14, 2024, VALLEY HOSPITAL MOVED FROM RIDGEWOOD TO A NEW FACILITY IN PARAMUS. THE NEW HOSPITAL HAS 370 BEDS.BERGEN COUNTY IS THE MOST POPULOUS COUNTY IN NEW JERSEY AND ONE OF THE WEALTHIEST COUNTIES IN THE UNITED STATES. THERE ARE 978,641 RESIDENTS IN THE 233.01 SQUARE MILES OF BERGEN COUNTY, NJ. THE POPULATION IS 56.9% WHITE AND NON-HISPANIC, 22.7% HISPANIC, 5.2% BLACK, AND 16.6% ASIAN. SEVEN PERCENT OF THE POPULATION IS NOT PROFICIENT IN ENGLISH. THE CHILD POVERTY RATE IS 8%. THE MEDIAN HOUSEHOLD INCOME IS $116,709. RESIDENTS ARE GENERALLY WELL-EDUCATED AND HAVE HIGHER GRADUATION RATES THAN NJ AS A WHOLE AND THE U.S. AS A WHOLE. BERGEN COUNTY FARES BETTER THAN THE AVERAGE COUNTY IN NEW JERSEY FOR HEALTH OUTCOMES. THE VALLEY HOSPITAL EMPLOYS PEOPLE WHO REPRESENT AND LIVE IN THE COMMUNITIES WE SERVE. MORE THAN 3,700 EMPLOYEES CONSTITUTE THE VALLEY HOSPITAL.VALLEY PARTICIPATES IN A COMMUNITY HEALTH NEEDS ASSESSMENT EVERY THREE YEARS. THIS ASSESSMENT IS PART OF A REGIONAL PROJECT CONDUCTED BY PROFESSIONAL RESEARCH CONSULTANTS, INC. (PRC) FOR THE COMMUNITY HEALTH IMPROVEMENT PARTNERSHIP (CHIP) OF BERGEN COUNTY. THE ASSESSMENT INCORPORATES DATA FROM MULTIPLE SOURCES, INCLUDING PRIMARY RESEARCH (THROUGH THE PRC COMMUNITY HEALTH SURVEY AND PRC ONLINE KEY INFORMANT SURVEY), AS WELL AS SECONDARY RESEARCH (VITAL STATISTICS AND OTHER EXISTING HEALTH-RELATED DATA). IT ALSO ALLOWS FOR TRENDING AND COMPARISON TO BENCHMARK DATA AT THE STATE AND NATIONAL LEVELS. IN 2024, 58,290 INDIVIDUALS WERE ADMITTED TO VALLEY, 78,286 PEOPLE WERE TREATED IN THE EMERGENCY DEPARTMENT, AND 3,905 BABIES WERE BORN. VALLEY'S KEY SERVICES INCLUDE CARDIOLOGY, ONCOLOGY, WOMEN'S AND CHILDREN'S SERVICES, EMERGENCY CARE, ORTHOPEDICS, AND NEUROSCIENCES. VALLEY ALSO OFFERS THE SERVICES OF A CENTER FOR MINIMALLY INVASIVE AND ROBOTIC SURGERY, A TOTAL JOINT REPLACEMENT CENTER, A NEUROSCIENCE CENTER, A CENTER FOR BARIATRIC SURGERY AND WEIGHT-LOSS MANAGEMENT, A CENTER FOR SLEEP MEDICINE, THE GAMMA KNIFE CENTER, AND THE KIREKER CENTER FOR CHILD DEVELOPMENT, AMONG OTHERS.VALLEY'S FAMILY CARE CENTER HAD 6,678 VISITS IN 2024. CARE IS PROVIDED TO PATIENTS THROUGH CHARITY CARE AND TO PATIENTS WITH MEDICAID/MEDICARE. THIRTEEN ADULT SUBSPECIALTIES, IN ADDITION TO INTERNAL MEDICINE, ROTATE THROUGH THE CENTER (NEPHROLOGY, NEUROLOGY, GI, RHEUMATOLOGY, GYN, OB, ENT, PULMONARY, CARDIOLOGY, DERMATOLOGY, ORTHOPEDICS, PODIATRY, AND UROLOGY) TO PROVIDE SERVICES FOR THOSE WHO WOULD OTHERWISE STRUGGLE WITH FOLLOW-UP OR CONTINUED CARE. PEDIATRIC PATIENTS ARE ALSO SEEN AT THE CENTER. MANY PATIENTS ARE MEDICALLY COMPLEX AND NEED ASSISTANCE CONNECTING WITH RESOURCES. SOCIAL WORKERS AND A FINANCIAL COORDINATOR ASSIST PATIENTS WITH CONNECTING WITH RESOURCES AND APPLYING FOR NEEDED COVERAGE, SUCH AS CHARITY CARE OR MEDICAID.EACH YEAR, VALLEY DINING PREPARES OVER 23,000 MEALS FOR COMMUNITY MEALS, INC., AND PROVIDES FINANCIAL RESOURCES TO SUPPORT HOMEBOUND OLDER ADULTS IN VALLEY'S SERVICE AREA.VALLEY HEALTH SYSTEM HAS BEEN DESIGNATED AS AN LGBTQ+ HEALTHCARE EQUALITY HIGH PERFORMER BY THE HUMAN RIGHTS CAMPAIGN FOUNDATION, THE EDUCATIONAL ARM OF THE NATION'S LARGEST LESBIAN, GAY, BISEXUAL, TRANSGENDER, AND QUEER (LGBTQ+) CIVIL RIGHTS ORGANIZATION. THE HEALTHCARE EQUALITY INDEX STRIVES TO ENSURE LGBTQ+ PEOPLE ARE PROTECTED AND AFFIRMED BY THEIR HEALTHCARE PROVIDERS AND FEEL SAFE SEEKING SERVICES. HEI ACTIVE PARTICIPANTS ARE RECOGNIZED FOR IMPLEMENTING ROBUST, COMPREHENSIVE LGBTQ+ INCLUSIVE POLICIES THAT HOPEFULLY, BECAUSE OF THEIR WORK, BECOME STANDARD PRACTICE.VALLEY WORKS WITH LOCAL PARTNERS TO PROMOTE INCLUSIVITY AND EQUALITY. WHERE VALLEY WAS A SPONSOR, 2,087 COMMUNITY MEMBERS ATTENDED IN-PERSON AND VIRTUAL EDUCATION PROGRAMS ON LGBTQ+ HEALTH AND LOCAL PRIDE CELEBRATIONS. FORMED IN 2020 IN THE WAKE OF NATIONWIDE PROTESTS AND DEMONSTRATIONS FOLLOWING THE DEATH OF GEORGE FLOYD, THE SOCIAL EQUALITY COUNCIL AIMS TO PROVIDE A FORUM FOR INDIVIDUALS THROUGHOUT VALLEY TO HAVE A VOICE FOR SHARING DIFFERENT PERSPECTIVES. VALLEY'S SOCIAL EQUALITY STRATEGY HAS FIVE FOUNDATIONAL PILLARS THAT REFLECT THE STRATEGIC PRIORITIES CREATED TO ENABLE THE ORGANIZATION TO ADDRESS THE DIVERSE NEEDS OF OUR STAFF, PATIENTS, FAMILIES, AND THE COMMUNITY WE SERVE. THIS STRUCTURAL FRAMEWORK GUIDES THE SOCIAL EQUALITY COUNCIL IN CREATING AN ENVIRONMENT WHERE EMPLOYEES, PATIENTS, AND FAMILIES FEEL SAFE BEING WHO THEY ARE, WHILE ADDRESSING CONCERNS RELATED TO RACE AND EQUALITY.VALLEY CONTINUES TO PARTNER WITH BERGEN COMMUNITY COLLEGE TO DISCUSS HEALTH INEQUITIES AND HEALTH NEEDS OF THE BIPOC COMMUNITY. VALLEY AND BERGEN SPONSORED UCHE BLACKSTOCK, MD, AN ER PHYSICIAN AND PROMINENT ADVOCATE FOR HEALTH EQUITY, WHO SPOKE TO 200 COMMUNITY MEMBERS ABOUT WHY HEALTHCARE REFORM CANNOT SUCCEED WITHOUT ALSO ADDRESSING SYSTEMIC RACISM IN SOCIETY AND HEALTHCARE.PARTICIPATION IN COMMUNITY EDUCATION CLASSES HAS GROWN EXPONENTIALLY THROUGH THE USE OF VIRTUAL EDUCATION TOOLS AND SOCIAL MEDIA. IN 2024, 14,650 PEOPLE ATTENDED FREE, IN-PERSON SCREENINGS, EXERCISE PROGRAMS, AND EDUCATION EVENTS. AN ADDITIONAL 120,732 PEOPLE VIEWED VIRTUAL EDUCATION, PODCASTS, WRITTEN EDUCATION, AND SOCIAL MEDIA. IN 2024, A TOTAL OF 149,918 PEOPLE LEARNED ABOUT GOOD HEALTH FROM VALLEY'S COMMUNITY HEALTH DEPARTMENT. WHEN ASKED, 94.6% OF PARTICIPANTS SHARED THAT THEY INCREASED THEIR KNOWLEDGE AS A RESULT OF ATTENDING ONE OF OUR PROGRAMS. AND 85.3% SAID THEY INTEND TO MAKE LIFESTYLE CHANGES AS A RESULT OF WHAT THEY LEARNED.OVER 900 PEOPLE PARTICIPATED IN FREE BLOOD PRESSURE SCREENING CLINICS, AND 22,329 PEOPLE PARTICIPATED IN PROGRAMS ON CARDIAC AND STROKE. SOME PROGRAM TOPICS INCLUDE WOMEN'S HEART, WHAT IS A CALCIUM SCORE, HIGH BLOOD PRESSURE, ATRIAL FIBRILLATION, AND TIA AND STROKE.BOTH VIRTUAL AND IN-PERSON SESSIONS OF THE VALLEY HOSPITAL'S SMOKING CESSATION PROGRAM WERE OFFERED IN 2024. OF THE 45 PEOPLE WHO COMPLETED THE PROGRAM, 25 PEOPLE REPORT BEING SMOKE-FREE. PARTICIPANTS ALSO REPORT UNEXPECTED BENEFITS AFTER QUITTING, SUCH AS IMPROVED TASTE AND SMELL, BETTER SKIN AND APPEARANCE, AND EVEN REDUCED STRESS LEVELS.THREE HUNDRED AND TWENTY INDIVIDUALS PARTICIPATED IN VALLEY'S FREE WALKING GROUP EXERCISE PROGRAMS. NUTRITION PROGRAMS WERE ATTENDED BY 13,039 PEOPLE, COVERING TOPICS SUCH AS FAD DIETS, NUTRITION TRENDS, NUTRITION JEOPARDY, PLANT-BASED EATING, AND NUTRITION AND DIABETES.VALLEY WORKS WITH THE OTHER BERGEN COUNTY HOSPITALS, THE BERGEN COUNTY HEALTH DEPARTMENT, AND OTHER SERVICE ORGANIZATIONS ON EFFORTS TO IMPROVE HEALTH IN OUR COMMUNITIES. THE CHIP IS JUST ONE COMMUNITY PARTNERSHIP THAT IS DEDICATED TO IMPROVING HEALTH. AS PART OF THE CHIP, VALLEY DONATES INSTRUCTORS TO PROVIDE FREE EXERCISE CLASSES IN LOCAL PARKS. VALLEY ALSO PROVIDES IN-KIND LEADERSHIP TO THE BOARD.THE NORTHWEST BERGEN REGIONAL HEALTH COMMISSION (NWBRHC) PROVIDES PUBLIC HEALTH SERVICES TO MANY TOWNS IN OUR AREA. WE PARTNER WITH NWBRHC TO PROVIDE PUBLIC HEALTH EDUCATION AND NURSING SERVICES TO 12 OF THEIR TOWNS. VALLEY ALSO PROVIDES PUBLIC HEALTH SERVICES TO THE VILLAGE OF RIDGEWOOD AND CHILD HEALTH SERVICES TO FAIR LAWN AND GLEN ROCK. PUBLIC HEALTH NURSES PLAY A CRUCIAL ROLE IN COMMUNICABLE DISEASE CONTROL, FOCUSING ON PREVENTION, INVESTIGATION, AND EDUCATION TO PROTECT COMMUNITIES. INVESTIGATING DISEASE OUTBREAKS WORKS TO MINIMIZE FURTHER TRANSMISSION. PUBLIC HEALTH NURSES ALSO CONDUCT IMMUNIZATION AUDITS IN AREA SCHOOLS. IN 2024, VALLEY'S PUBLIC HEALTH NURSES COMPLETED ALMOST 3,000 INVESTIGATIONS AND AUDITED 86 SCHOOLS WITH 6,809 RECORDS.VALLEY IS PROUD TO AFFILIATE WITH HIGH-QUALITY ORGANIZATIONS TO OFFER OUR PATIENTS THE BEST CARE AND SERVICE. OUR ACADEMIC AFFILIATION WITH THE MOUNT SINAI HEALTH SYSTEM PROVIDES STATE-OF-THE-ART, COMPREHENSIVE CANCER CARE AND SPECIALTY CHILDREN'S SERVICES TO OUR PATIENTS AND THEIR FAMILIES.IN 2024, 29,729 PEOPLE ATTENDED CANCER PROGRAMS. THIS REMARKABLE RESPONSE WAS DUE TO A VIRTUAL PROSTATE CANCER EDUCATION THAT APPEARED TO "GO VIRAL" IN 2023. COLON CANCER AWARENESS, UTERINE CANCER, CANCER IN MEN, AND BREAST HEALTH.

  Expenses $943,709,582 · Grants $131,351,168 · Revenue $1,146,487,707

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• VALLEY PHYSICIAN SERVICES INC

  $130,744,481

  GENERAL SUPPORT

• VALLEY HEALTH SYSTEM INC

  $344,547

  GENERAL SUPPORT

• BERGEN VOLUNTEER MEDICAL INITIATIVE

  $30,000

  GENERAL SUPPORT

• BOROUGH OF PARAMUS

  $25,000

  GENERAL SUPPORT

• PONY POWER THERAPIES INC

  $20,000

  GENERAL SUPPORT

• AMERICAN RED CROSS

  $15,000

  GENERAL SUPPORT

• AMERICAN CANCER SOCIETY

  $15,000

  GENERAL SUPPORT

• BERGEN PERFORMING ARTS CENTER INC

  $15,000

  GENERAL SUPPORT

• CHILDREN'S AID & FAMILY SERVICES

  $13,000

  GENERAL SUPPORT

• MAHWAH REGIONAL CHAMBER OF COMMERCE

  $12,740

  GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• THE VALLEY HOSPITAL FOUNDATION INC

  501(C)(3) · SOLICITS AND RECEIVES CONTRIBUTIONS FOR THE BENEFIT OF HEALTH SYSTEM · NJ

  Directly controlled by VALLEY HEALTH SYSTEM INC

• VALLEY HEALTH SYSTEM INC

  501(C)(3) · PROVIDES MANAGEMENT & PLANNING SERVICES FOR ITS MEMBERS · NJ

• VALLEY HOME CARE INC

  501(C)(3) · PROVIDES REHABILITATION VISITS AND HOME HEALTH AIDS VISITS TO PATIENTS · NJ

  Directly controlled by VALLEY HEALTH SYSTEM INC

• VALLEY PHYSICIAN SERVICE NY PC

  501(C)(3) · OPERATES URGENT/PRIMARY CARE CLINICS · NJ

  Directly controlled by VALLEY PHYSICIAN SERVICES INC

• VALLEY PHYSICIAN SERVICES INC

  501(C)(3) · PROVIDES MEDICAL CARE TO CARRYOUT THE PURPOSE OF THE VALLEY HEALTH SYSTEM · NJ · controlled entity

  Directly controlled by THE VALLEY HOSPITAL INC

• VALLEY PHYSICIANS SERVICES PC

  501(C)(3) · PROVIDE PRIMARY AND SPECIALTY MEDICAL CARE · NJ

  Directly controlled by VALLEY PHYSICIAN SERVICES INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2024

Filed

13 November 2025

IRS schema version

2024v5.2

Source object

202533179349305463

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.