Heritage Valley Health System

What it reported doing in 2024

The hospitals comprising valley medical facilities provide routine and auxiliary medical/surgical, psychiatric, and outpatient rehabilitation services to the communities served by the hospitals regardless of patient's ability to pay.during the fiscal year, the hospitals had 13,856 inpatient admissions, 5,457 observation admissions, 727 newborn admissions, and 66,405 inpatient days. The facilities also encountered 91,748 emergency room visits, 8,433 outpatient surgeries, 56 open heart procedures, 1,452 cardiac catheterizations and 350,535 diagnostic imaging procedures.heritage valley senior living community provides senior living choices ranging from independent living, personal care and memory care. Independent living provides seniors with their own apartments, restaurant-style dining, housekeeping and many activities and other amenities designed to suit their active lifestyles. The personal care community combines all of the comforts of home with the activity and security of a small community of caring staff. Residents enjoy a wide range of social activities in an elegant setting, along with specially planned programs, good food, friends and 24 hour assistance from a caring staff, tailored to each resident's needs. The memory care program is designed for the specific needs of seniors with alzheimer's or related dementia and offers a home-like environment conducive to both emotional health and physical well-being. Every room of our program has been designed to stimulate the senses and invoke a feeling of familiarity and warmth. Residents and their families can enjoy comfortable common rooms, as well as an attractive and secure outdoor courtyard.

Financial Efficiency

• Mission deployment rate: 91.6%; rating input score 92
• Program expense ratio: 82.5%; rating input score 82
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 17th 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; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 88.2%; rating input score 88; 35th 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: -10.1%; rating input score 8; 8th percentile among comparable filings
• Total-asset coverage ratio: 1.06; rating input score 41; 41st percentile among comparable filings
• Liabilities to assets ratio: 0.58; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 1.1%; rating input score 73; 73rd percentile among comparable filings

Growth

• Program expense growth: 0.8% per year; rating input score 100; 10th percentile among comparable filings
• Revenue growth: 0.7% per year; rating input score 100; 7th percentile among comparable filings
• Asset growth: 1.6% per year; rating input score 100; 13th percentile among comparable filings