Valley Health System
Legal name: Valley Health System Inc
Nonprofit profile at a glance
- EIN
- 222922016
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Paramus, NJ, USA
- Phone
- 1-800-VALLEY 1 (1-800-825-5391)
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Health Program (Includes General Health and Wellness Promotion Services)
Reported finances
- Revenue
- $126,857,689
- Expenses
- $136,699,992
- Assets
- $49,538,141
- Liabilities
- $48,455,823
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- AUDREY MEYERS (PRESIDENT & CEO, VHS THRU JUNE 2024)
- ROBERT W BRENNER (PRESIDENT & CEO, VHS EFF. JULY 2024)
Highest reported compensation
- AUDREY MEYERS (PRESIDENT & CEO, VHS THRU JUNE 2024): $6,647,856 total reported compensation
- ROBERT W BRENNER (PRESIDENT & CEO, VHS EFF. JULY 2024): $1,909,865 total reported compensation
- WILLIAM KLUTKOWSKI (SR. VP, FINANCE & CFO): $1,305,782 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Valley Health System is a not-for-profit, multi-specialty community-based institution whose mission is to enhance lives by healing, caring, and inspiring wellness. Welcome to Valley Health System, where our mission is to serve the communities of Northern New Jersey and southern New York with exceptional, world-class healthcare in a regional healthcare setting. We’re committed to keeping communities healthy through our comprehensive inpatient and outpatient programs; highly skilled home care services; community-based medical practices and wellness programs; and collaborations with some of the world’s leading healthcare organizations. We’re also dedicated to providing respectful care for everyone in our community. Initiatives such as our Social Equality Council, our LGBTQ+ care, and our Spiritual Care services guide our efforts to meet all of our patient.
What it reported doing in 2024
The organization provided management and planning services to its subsidiaries and affiliates of the valley health system.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program 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
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 61
- Accountability: 97
- Sustainability: 9
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- 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: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- 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: -7.8%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.98; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 13.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 37.7% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 22.1% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 22.8% per year; rating input score 100; 95th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 18 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $136.7M in reported program spending
- Leadership: top reported pay $6.6M · 30 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $9.7M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 7 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Operating margin scored 10/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.