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Nonprofiteer
← VALLEY HEALTH SERVICES INC

Form 990 for tax year 2024

Filed by VALLEY HEALTH SERVICES INC.

Totals

Total revenue
$14,724,606
Total expenses
$17,109,732
Contributions and grants received
$233,631
Grants paid
$0
Program service revenue
$14,481,534
Investment income
$9,441
Other revenue
$0
Total assets, end of year
$9,927,182
Total liabilities, end of year
$13,640,361
Net assets or fund balances, end of year
-$3,713,179
Program services expenses (Part IX)
$14,990,264
Management and general expenses
$2,119,468
Fundraising expenses
$0
Program service expenses (Part III)
$14,990,264

Program services were 87.6% 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.

  • 1d · Related organizations

    $96,388

  • 1e · Government grants (contributions)

    $100,778

  • 1f · All other contributions, gifts and grants

    $36,465

  • 2a · Program service revenue: RESIDENT SERVICE REVENUE, NET

    total $14,004,898 · related or exempt $14,004,898

  • 2b · Program service revenue: SOLD SERVICES

    total $74,622 · related or exempt $74,622

  • 2c · Program service revenue: OTHER OPERATING ACTIVITY

    total $400,887 · related or exempt $400,887

  • 2d · Program service revenue: CAFETERIA

    total $1,127 · related or exempt $1,127

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $9,441 · excluded $9,441

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $630,167 · management and general $630,167

  • 7 · Other salaries and wages

    total $9,989,636 · program services $9,802,447 · management and general $187,189

  • 8 · Pension plan contributions

    total $331,453 · program services $308,509 · management and general $22,944

  • 9 · Other employee benefits

    total $521,848 · program services $502,819 · management and general $19,029

  • 10 · Payroll taxes

    total $819,151 · program services $819,151

  • 11a · Fees: management

    total $1,030,780 · program services $170,899 · management and general $859,881

  • 11b · Fees: legal

    total $14,198 · management and general $14,198

  • 11c · Fees: accounting

    total $28,850 · management and general $28,850

  • 11d · Fees: lobbying

    total $1,510 · management and general $1,510

  • 11g · Fees: other

    total $593,783 · program services $356,808 · management and general $236,975 · fundraising $0

  • 13 · Office expenses

    total $1,489,612 · program services $1,457,185 · management and general $32,427

  • 16 · Occupancy

    total $312,932 · program services $312,932

  • 19 · Conferences, conventions and meetings

    total $3,526 · program services $2,175 · management and general $1,351

  • 20 · Interest

    total $120,750 · program services $120,750

  • 22 · Depreciation, depletion and amortization

    total $244,815 · program services $244,815

  • 23 · Insurance

    total $252,451 · program services $252,451

  • 24a · Other expenses: CASH RECEIPTS ASSESSMENT

    total $605,782 · program services $605,782

  • 24b · Other expenses: CREDIT LOSS EXPENSE

    total $84,947 · management and general $84,947

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $33,541 · program services $33,541

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $3,387,929 · end of year $4,290,831

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $3,313,833 · end of year $3,680,613

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $80,510 · end of year $71,075

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,179 · end of year $20,801

  • 10a · Land, buildings and equipment: cost or other basis

    $23,016,539

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,483,168

  • 10c · Land, buildings and equipment, net

    beginning of year $1,670,485 · end of year $1,533,371

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $449,822 · end of year $330,291

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,011,942 · end of year $2,202,506

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,735,455 · end of year $1,327,381

  • 25 · Other liabilities

    beginning of year $6,415,576 · end of year $10,110,474

  • 27 · Net assets without donor restrictions

    beginning of year -$1,346,844 · end of year -$3,817,152

  • 28 · Net assets with donor restrictions

    beginning of year $114,829 · end of year $103,973

Mission and programs · 2024

Mission

THE MISSION OF VALLEY HEALTH SERVICES, INC. IS TO PROVIDE QUALITY, PERSON CENTERED REHABILITATIVE, LONG-TERM AND PALLIATIVE CARE THROUGH DIVERSE PROGRAMS DESIGNED TO PROMOTE HEALTH AND INDEPENDENCE.

Activities or mission (Part I)

(SEE ON SCHEDULE O)

  • SKILLED NURSING, LONG-TERM CARE SHORT-TERM INPATIENT AND REHABILITATION AND SUB-ACUTE CARE, PHYSICAL THERAPY O OCCUPATIONAL THERAPY, SPEECH THERAPY, WOUND CARE, IV THERAPY OUTPATIENT REHABILITATION, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, CARDIAC REHABILITATION, SPEECH THERAPY, OSTEOPOROSIS MANAGEMENT THE18-SLOT OFFSITE MEDICAL MODEL ADULT DAY CARE PROGRAM IN LITTLE FALLS HAS RESUMED SERVICE FOLLOWING THE CLOSING OF SERVICES AT THE PEAK OF COVID-19. THE 12-SLOT ONSITE ADULT DAY CARE MEDICAL MODEL SITE IS HOPING TO RESUME SERVICES AT SOME POINT IN THE FUTURE. SPEECH THERAPY, IV THERAPY, CARDIAC REHABILITATION, PALLIATIVE CARE AND OSTEOPOROSIS MANAGEMENT ARE UNIQUE SERVICES TO THE GREATER HERKIMER AREA AVAILABLE AT VHS, INC. APPROXIMATELY 55% OF VALLEY HEALTH SERVICES REVENUE IS DERIVED FROM MEDICAID. AS SUCH, VHS, INC., INCURS AN APPROXIMATE SHORTFALL OF $65 PER PATIENT DAY REIMBURSED BY THE NYS MEDICAID SYSTEM. AN IN-HOUSE "NEEDY RESIDENT" FUND PROVIDES MONEY FOR INCIDENTAL ITEMS DESIRED BY RESIDENTS. ADDITIONALLY, VHS OPERATES ITS OWN CNA CLASS. VHS' STAFF ALSO WORKS WITH RESIDENTS, RESIDENTS' FAMILY MEMBERS AND OUTPATIENTS AS REQUESTED TO ADDRESS ELIGIBILITY FOR FEDERAL, STATE AND LOCAL ASSISTANCE FOR ISSUES INVOLVING PATIENT CARE. VHS WORKS WITH CAREER CONNECTIONS OF THE HERKIMER ARC TO MATCH THEIR CLIENTS' SKILLS WITH AVAILABLE JOB OPPORTUNITIES. VHS HAS RESUMED SOME ANNUAL FUNDRAISING ACTIVITIES. THEY HAVE PARTICIPATED IN THE COMMUNITY FOUNDATION OF HERKIMER AND ONEIDA COUNTY "MOHAWK VALLEY GIVES" PROGRAM.

    Expenses $14,990,264 · Revenue $14,481,534

As filed on the 2024 return.

Listed in Part VII

  • Marianne E O'Donnell

    Secretary

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Robert N Basloe

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Alan Vincent

    Board Member (As of 8/24)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Anna Lyga

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Connie A Jastremski

    Chair

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Curtis Pearsall

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Delores Caruso

    Board Member (As of 8/24)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • James Seward

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jeffrey J Woeppel

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • John P Militello

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Judith Gorman

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kathleen A Horn

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kathleen Marollo

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Linda Talerico

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Marybeth McCall MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Bryan Ehlinger

    VHS Administrator BHN

    Total calculated
    $126,508
    From this org
    $111,299
    From related orgs
    $0
    Other
    $15,209
    Hours/week
    40

  • Craig Faerber

    Interim Network CFO

    Total calculated
    $524,460
    From this org
    $0
    From related orgs
    $524,460
    Other
    $0
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $524,460 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $524,460 related

  • Michael R Treen

    CFO

    Total calculated
    $143,020
    From this org
    $0
    From related orgs
    $131,412
    Other
    $11,608
    Hours/week
    2 + 42 related

  • Lisa M Betrus

    SVP Chief Strategy & Transformation Officer

    Total calculated
    $545,632
    From this org
    $518,868
    From related orgs
    $0
    Other
    $26,764
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $471,506
    Bonus
    $47,362
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $9,514
    Filer's total
    $545,632

  • Jackie Metz

    RN Supervisor

    Total calculated
    $128,744
    From this org
    $126,928
    From related orgs
    $0
    Other
    $1,816
    Hours/week
    40

  • Joanna Boyles

    Care Coord RN

    Total calculated
    $127,081
    From this org
    $121,117
    From related orgs
    $0
    Other
    $5,964
    Hours/week
    40

  • Melissa Ippolito

    Director of Nursing

    Total calculated
    $179,825
    From this org
    $168,543
    From related orgs
    $0
    Other
    $11,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,306
    Bonus
    $14,237
    Other
    $0
    Deferred
    $8,299
    Nontaxable benefits
    $2,983
    Filer's total
    $179,825

  • Michelle Phillips

    Care Coord RN

    Total calculated
    $121,577
    From this org
    $112,167
    From related orgs
    $0
    Other
    $9,410
    Hours/week
    40

  • Veronica Adams

    LPN Charge

    Total calculated
    $209,040
    From this org
    $197,054
    From related orgs
    $0
    Other
    $11,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,054
    Bonus
    $0
    Other
    $0
    Deferred
    $9,234
    Nontaxable benefits
    $2,752
    Filer's total
    $209,040

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 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

Schedule J, Part I, Line 7 Non-fixed payments
The amounts included in Column B(II) are retention bonuses paid out to the Executive Leadership Team members. This was decided by the Finance Committee and the Audit and Compliance Committee of BHN.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FIRST COMMUNITY CARE OF BASSETT

    Related · HEALTHCARE · NY

    Directly controlled by BHN

  • STAMFORD PROFESSIONAL ASSOCIATES

    Related · RENTAL · NY

    Directly controlled by CATSKILL CARE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LEATHERSTOCKING PHYSICIANS PC

    C Corporation · HEALTHCARE SVCS · NY

    Directly controlled by NA

  • CATSKILL CARE ENTERPRISES

    C Corporation · RETAIL PHARMACY · NY

    Directly controlled by AO Fox

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202503179349308050

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