Valley Oaks Health
Legal name: Valley Oaks Health Inc
Nonprofit profile at a glance
- EIN
- 350988724
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Lafayette, IN, US
- Phone
- 1-866-6VALLEY
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $39,022,326
- Expenses
- $38,949,111
- Assets
- $90,259,764
- Liabilities
- $3,237,324
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- MICHAEL GIBSON (PRESIDENT)
- ROBERT MRZLACK (VICE PRESIDENT PARTIAL TERM)
- DANIEL ARENS (CEO)
Highest reported compensation
- DANIEL ARENS (CEO): $434,277 total reported compensation
- LORI ROGERS MD (MEDICAL DIRECTOR): $382,524 total reported compensation
- ZEINAB TOBAA MD (PSYCHIATRIST): $350,909 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 Oaks Health provides comprehensive, high-quality mental health, addiction recovery, and primary medical care services to the citizens of ten central Indiana counties.
What it reported doing in 2024
Valley oaks health is proud of nearly 90 years of serving as a safety net health care provider for the counties they serve. Serving over 12,000 individuals with multiple and complex health care challenges in tippecanoe and 8 surrounding counties. As one of the largest not-for-profit safety net health care agencies in the area, our 490 active employees support their community with programs like rapid access to primary and behavioral health care, disease management, 24/7 crisis support service, psychiatric services, individual and family therapy, and more. Most of our work is delivered in our patients' homes, schools, and communities, giving us a unique perspective on the health and recovery of each unique patient.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 84
- Accountability: 95
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.3%; rating input score 79
- Program expense ratio: 78.6%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- 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: 90.9%; rating input score 91; 23rd 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: 0.2%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 2.32; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 27th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 9 operating locations identified
- Where the money goes: 79.3% of revenue deployed · 78.6% of spending went to programs
- Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $30.6M in reported program spending
- Leadership: top reported pay $434K · 27 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $1.3M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 23 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 33/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.