Valley Health System

What it reported doing in 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 quee

Financial Efficiency

• Mission deployment rate: 73.6%; rating input score 74
• Program expense ratio: 79.3%; rating input score 79
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 50th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 94.7%; rating input score 95; 47th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 5.5%; rating input score 59; 59th percentile among comparable filings
• Total-asset coverage ratio: 2.06; rating input score 64; 64th percentile among comparable filings
• Liabilities to assets ratio: 0.27; rating input score 59; 59th percentile among comparable filings
• Officer compensation ratio: 0.3%; rating input score 88; 88th percentile among comparable filings

Growth

• Program expense growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
• Revenue growth: 5.3% per year; rating input score 100; 46th percentile among comparable filings
• Asset growth: 9.8% per year; rating input score 100; 69th percentile among comparable filings