Valley Health Services Inc
Nonprofit profile at a glance
- EIN
- 222511614
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Herkimer, NY, USA
- Phone
- 3158663330
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
Reported finances
- Revenue
- $14,724,606
- Expenses
- $17,109,732
- Assets
- $9,927,182
- Liabilities
- $13,640,361
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Highest reported compensation
- Lisa M Betrus (SVP Chief Strategy & Transformation Officer): $545,632 total reported compensation
- Craig Faerber (Interim Network CFO): $524,460 total reported compensation
- Veronica Adams (LPN Charge): $209,040 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 12
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87.6%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 86.7%; rating input score 87; 1st 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: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: -16.2%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 1.37; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 0.5% per year; rating input score 100; 10th percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 87.6% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $15M in reported program spending
- Leadership: top reported pay $546K · 24 people listed · 4 of 6 pay-setting controls reported
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 16 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 6/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Moderate — Transparency & Controls: Schedule D revenue reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 27/100.