Totals
- Total revenue
- $103,066,284
- Total expenses
- $103,335,974
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $102,672,075
- Investment income
- $394,209
- Other revenue
- $0
- Total assets, end of year
- $58,560,203
- Total liabilities, end of year
- $53,976,441
- Net assets or fund balances, end of year
- $4,583,762
- Program services expenses (Part IX)
- $103,335,974
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $103,335,974
Program services were 100.0% 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.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: AFFILIATE COST ALLOCATION
total $97,962,462 · related or exempt $97,962,462
-
2b · Program service revenue: INCENTIVE PROGRAM FEES
total $4,709,613 · related or exempt $4,709,613
-
3 · Investment income
total $483,803 · excluded $483,803
-
7a · Gross sales of assets other than inventory
securities $6,046,504
-
7b · Less cost or other basis and sales expenses
securities $6,136,098
-
7c · Gain or loss
securities -$89,594
-
7d · Net gain or loss
total -$89,594 · excluded -$89,594
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $8,966,223 · program services $8,966,223
-
7 · Other salaries and wages
total $42,966,430 · program services $42,966,430
-
8 · Pension plan contributions
total $2,063,979 · program services $2,063,979
-
9 · Other employee benefits
total $5,354,443 · program services $5,354,443
-
10 · Payroll taxes
total $3,476,557 · program services $3,476,557
-
11a · Fees: management
total $54,784 · program services $54,784
-
11b · Fees: legal
total $1,439,082 · program services $1,439,082
-
11c · Fees: accounting
total $64,279 · program services $64,279
-
11f · Fees: investment management
total $14,344 · program services $14,344
-
11g · Fees: other
total $16,559,256 · program services $16,559,256
-
12 · Advertising and promotion
total $6,389,309 · program services $6,389,309
-
13 · Office expenses
total $1,010,876 · program services $1,010,876
-
14 · Information technology
total $1,658,579 · program services $1,658,579
-
17 · Travel
total $59,606 · program services $59,606
-
19 · Conferences, conventions and meetings
total $165,671 · program services $165,671
-
23 · Insurance
total $1,487,320 · program services $1,487,320
-
24a · Other expenses: ALLOCATED OTHER EXPENSE
total $4,736,543 · program services $4,736,543
-
24b · Other expenses: LICENSES & ASSESSMENTS
total $4,730,483 · program services $4,730,483
-
24c · Other expenses: PAID CLAIMS BY CAPTIVE
total $1,127,376 · program services $1,127,376
-
24d · Other expenses: DUES & SUBSCRIPTION
total $1,010,834 · program services $1,010,834
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,425,098 · end of year $1,772,913
-
2 · Savings and temporary cash investments
beginning of year $1,682,096 · end of year $3,300,180
-
4 · Accounts receivable
beginning of year $904,532 · end of year $305,535
-
9 · Prepaid expenses and deferred charges
beginning of year $9,553,190 · end of year $11,333,937
-
11 · Investments: publicly traded securities
beginning of year $35,605,218 · end of year $31,806,766
-
15 · Other assets
beginning of year $3,385,577 · end of year $10,040,872
-
17 · Accounts payable and accrued expenses
beginning of year $12,233,829 · end of year $18,049,003
-
25 · Other liabilities
beginning of year $38,301,837 · end of year $35,927,438
-
27 · Net assets without donor restrictions
beginning of year $3,020,045 · end of year $4,583,762
Mission and programs · 2022
Mission
VALLEY HEALTH SYSTEM IS A FULL SERVICE HEALTHCARE SYSTEM SERVING THE RESIDENTS OF NORTHERN NEW JERSEY. IT COMPRISES THE MANY PROGRAMS AND SERVICES OF THE VALLEY HOSPITAL, A FULL SERVICE HOME CARE AGENCY, VALLEY HOME CARE, AND COMMUNITY-BASED PRIMARY AND URGENT CARE CENTERS, VALLEY HEALTH MEDICAL GROUPS, THAT BRING QUALITY HEALTHCARE TO MANY COMMUNITIES OF BERGEN COUNTY.
Activities or mission (Part I)
TO PROVIDE MANAGEMENT AND PLANNING SERVICES FOR THE ENTITIES OF THE VALLEY HEALTH SYSTEM.
-
THE ORGANIZATION PROVIDED MANAGEMENT AND PLANNING SERVICES TO ITS SUBSIDIARIES AND AFFILIATES OF THE VALLEY HEALTH SYSTEM.
Expenses $103,335,974 · Revenue $102,672,075
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Audrey MeyersAUDREY MEYERS
PRESIDENT & CEO, VHS
- Total calculated
- $4,023,611
- From this org
- $3,974,039
- From related orgs
- $0
- Other
- $49,572
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $1,249,299
- Bonus
- $984,960
- Other
- $1,739,780
- Deferred
- $22,875
- Nontaxable benefits
- $26,697
- Filer's total
- $4,023,611
-
Vincent ForlenzaVINCENT FORLENZA
CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Kevin LoboKEVIN LOBO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Frank J SheehyFRANK J SHEEHY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Ann LimbergANN LIMBERG
VICE CHAIR & SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Joseph MarionJOSEPH MARION
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Judy BaseliceJUDY BASELICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
James BushJAMES BUSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Michelle HassonMICHELLE HASSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
M Shawn KennedyM SHAWN KENNEDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Bruce MactasBRUCE MACTAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Duane SachsDUANE SACHS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Denis SalamoneDENIS SALAMONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Scott SchroederSCOTT SCHROEDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Edward B Self MDEDWARD B SELF MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Steven SilversteinSTEVEN SILVERSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Jeffrey TuckerJEFFREY TUCKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Patricia VerduinPATRICIA VERDUIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Wayne Wald EsqWAYNE WALD ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Robert W Brenner PresidentROBERT W BRENNER PRESIDENT
CLINICAL INTEGRATION/PHYSICIAN ENT.
- Total calculated
- $1,489,437
- From this org
- $1,461,032
- From related orgs
- $0
- Other
- $28,405
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $816,543
- Bonus
- $357,704
- Other
- $286,785
- Deferred
- $13,725
- Nontaxable benefits
- $14,680
- Filer's total
- $1,489,437
-
William KlutkowskiWILLIAM KLUTKOWSKI
SR. VP, FINANCE & CFO
- Total calculated
- $1,074,260
- From this org
- $1,016,955
- From related orgs
- $0
- Other
- $57,305
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $627,904
- Bonus
- $192,180
- Other
- $196,871
- Deferred
- $21,138
- Nontaxable benefits
- $36,167
- Filer's total
- $1,074,260
-
Peter DiestelPETER DIESTEL
PRESIDENT, VHS OPERATIONS
- Total calculated
- $1,065,355
- From this org
- $1,018,873
- From related orgs
- $0
- Other
- $46,482
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $498,720
- Bonus
- $326,486
- Other
- $193,667
- Deferred
- $21,825
- Nontaxable benefits
- $24,657
- Filer's total
- $1,065,355
-
Jose BalderramaJOSE BALDERRAMA
VP, HUMAN RESOURCES
- Total calculated
- $679,882
- From this org
- $644,535
- From related orgs
- $0
- Other
- $35,347
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $407,114
- Bonus
- $127,872
- Other
- $109,549
- Deferred
- $15,250
- Nontaxable benefits
- $20,097
- Filer's total
- $679,882
-
Karcher Julia NKARCHER JULIA N
SR. VP, VHS/VMG
- Total calculated
- $633,678
- From this org
- $591,959
- From related orgs
- $0
- Other
- $41,719
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $384,943
- Bonus
- $102,361
- Other
- $104,655
- Deferred
- $19,825
- Nontaxable benefits
- $21,894
- Filer's total
- $633,678
-
Ephraim Casper CmoEPHRAIM CASPER CMO
COMPREHENSIVE CANCER CARE
- Total calculated
- $1,090,738
- From this org
- $1,046,121
- From related orgs
- $0
- Other
- $44,617
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $850,327
- Bonus
- $140,450
- Other
- $55,344
- Deferred
- $15,250
- Nontaxable benefits
- $29,367
- Filer's total
- $1,090,738
-
Robin Hollander Senior VpROBIN HOLLANDER SENIOR VP
LEGAL SERVICES/ GENERAL COUNSEL
- Total calculated
- $923,663
- From this org
- $873,571
- From related orgs
- $0
- Other
- $50,092
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $581,687
- Bonus
- $236,691
- Other
- $55,193
- Deferred
- $19,825
- Nontaxable benefits
- $30,267
- Filer's total
- $923,663
-
Eric CareyERIC CAREY
VP/CIO, INFORMATION SYS
- Total calculated
- $796,201
- From this org
- $738,870
- From related orgs
- $0
- Other
- $57,331
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $436,076
- Bonus
- $130,326
- Other
- $172,468
- Deferred
- $22,875
- Nontaxable benefits
- $34,456
- Filer's total
- $796,201
-
Joseph LorinoJOSEPH LORINO
VP, FACILITIES MANAGEMENT
- Total calculated
- $545,136
- From this org
- $509,211
- From related orgs
- $0
- Other
- $35,925
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $321,056
- Bonus
- $102,356
- Other
- $85,799
- Deferred
- $15,250
- Nontaxable benefits
- $20,675
- Filer's total
- $545,136
-
Megan FraserMEGAN FRASER
VP, COMMUNICATIONS/ MARKETING
- Total calculated
- $544,190
- From this org
- $506,285
- From related orgs
- $0
- Other
- $37,905
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $307,501
- Bonus
- $93,807
- Other
- $104,977
- Deferred
- $22,875
- Nontaxable benefits
- $15,030
- Filer's total
- $544,190
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
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- VALLEY HEALTH SYSTEM HAS DEVELOPED A COMPENSATION PLAN, WHICH GOVERNS THE COMPENSATION FOR ALL EXECUTIVES, INCLUDING THE CEO AND VICE PRESIDENTS OF THE ORGANIZATION. THE PLAN WAS DEVELOPED IN CONJUNCTION WITH A CONSULTING FIRM, REVIEWED BY THE PHYSICIAN LEADERSHIP COUNCIL AND APPROVED BY THE BOARD OF TRUSTEES AND THE VALLEY HEALTH SYSTEM PHYSICIAN COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE PLAN IS REVIEWED AND UPDATED AS NEEDED.
- PART I, LINE 4B
- AUDREY MEYERS, WILLIAM KLUTKOWSKI, PETER DIESTEL AND ERIC CAREY PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE FOLLOWING INDIVIDUALS RECEIVED A PAYMENT DURING 2022 FROM THIS PLAN AS REPORTED IN PART II, COLUMN BIII AND COLUMN F: AUDREY MEYERS, $1,583,249; PETER DIESTEL, $162,968 AND ERIC CAREY, $34,673. AUDREY MEYERS, ROBIN GOLDFISCHER-HOLLANDER, AND PETER DIESTEL PARTICIPATED IN A CAP-EX (SPLIT-DOLLAR LIFE INSURANCE PLAN). THEY DID NOT RECEIVE A PAYMENT DURING 2022.
- PART I, LINE 7
- EMPLOYEES OF THE ORGANIZATION RECEIVED A BOARD-APPROVED DISCRETIONARY BONUS, AWARDED BASED ON PERFORMANCE, AS REPORTED FOR THEM IN PART II, COLUMN B(II).
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
No itemized grants to organizations on this return.
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 · controlled entity
Directly controlled by VALLEY HEALTH SYSTEM INC
-
501(C)(3) · PROVIDE HEALTHCARE PROGRAMS AND SERVICES TO ALL · NJ · controlled entity
Directly controlled by VALLEY HEALTH SYSTEM INC
-
501(C)(3) · PROVIDE HOME CARE AND HOSPICE SERVICES TO RESIDENTS OF NORTHERN NJ · NJ · controlled entity
Directly controlled by VALLEY HEALTH SYSTEM INC
-
501(C)(3) · PROVIDE PRIMARY AND SPECIALTY MEDICAL CARE · NJ
Directly controlled by VALLEY PHYSICIAN SERVICES INC
-
VALLEY PHYSICIAN SERVICE NY PC
501(C)(3) · OPERATES URGENT/PRIMARY CARE CLINICS · NY
Directly controlled by VALLEY PHYSICIAN SERVICES INC
-
501(C)(3) · PROVIDES MANAGEMENT AND VARIED CONSULTING SERVICES · NJ
Directly controlled by THE VALLEY HOSPITAL INC
-
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
COLIGOCARE LLC
CLINICALLY INTERGRATED NETWORK · NJ · income $4,729,874 · assets $3,488,066
Directly controlled by VALLEY HEALTH SYSTEM INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
VHS INSURANCE COMPANY LTD
C · CAPTIVE INSURANCE COMPANY · CJ · 100% owned · share of assets $34,515,196 · controlled entity
Directly controlled by VALLEY HEALTH SYSTEM INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333169349300963
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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