Valley Health System
Legal name: Valley Home Care Inc
Nonprofit profile at a glance
- EIN
- 223208480
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Ridgewood, NJ, US
- Phone
- 201-389-0812
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Home Health Care
Reported finances
- Revenue
- $76,717,010
- Expenses
- $62,920,797
- Assets
- $99,449,626
- Liabilities
- $11,710,668
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 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
To serve the communities of Northern New Jersey and southern New York with exceptional, world-class healthcare in a regional healthcare setting.
What it reported doing in 2024
Valley home care provides in home medical care to the residents of passaic and bergen county. In 2024, valley home care made an estimated 187,000 home visits to over 11,800 patients. These patients with a multitude of medical conditions vary in age from newborn to the elderly. The vast majority (77%) of these patients are medicare and medicaid participants with the balance of the patients being commercial insurance, self pay or charity care. Valley home care provides this care with over 400 dedicated staff members, including nurses, therapists, social workers, home health aides and various specialty clinicians. Valley home care, inc's three main home care programs are the adult home care program, the maternal child health program and the hospice program.the adult home care program provides home care services to those patients over eighteen years old. The majority of the patients in this program are the elderly who are medically home bound and in need of medical assistance in the home. In many cases these patients live alone and valley home care is their lifeline to medical care. This care is provided by nurses, therapists, social workers, home health aides and various specialty clinicians. Valley home care has invested significant resources to assure that our clinical staff has both the proper training and technology needed to handle the complicated in-home medical needs of our patients.
Operating model
- Revenue model
- Earned-program. 97% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 84
- Accountability: 97
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.4%; rating input score 67
- Program expense ratio: 78.1%; rating input score 78
- 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
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: 18%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 1.58; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 66th percentile among comparable filings
Details
- What they do: 2 operating locations identified
- Where the money goes: 67.4% of revenue deployed · 78.1% of spending went to programs
- Governance: 18 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $49.1M in reported program spending
- Leadership: top reported pay $6.6M · 28 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.8M reported
- Consistency: 32 of 32 current checks pass
- 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: 6 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.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.