Valley Medical Group
Legal name: Valley Physician Services Inc
Nonprofit profile at a glance
- EIN
- 320041186
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Paramus, NJ, USA
- Phone
- 2014478000
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health Support Services
Reported finances
- Revenue
- $150,006,896
- Expenses
- $150,000,003
- Assets
- $207,706,781
- Liabilities
- $167,725,013
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)
- LOURDES HIDALGO-GATO (EXECUTIVE DIRECTOR, VMG OPERATIONS)
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
As a not-for-profit hospital, Valley Health System is committed to giving back to the community.
What it reported doing in 2024
Valley physician services, inc. Provides specialized management services to related physician service organizations within valley health system, inc.
Operating model
- Revenue model
- Affiliate-supported. 87% of the money available for current operations came from contributions from related organizations.
- 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 the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 71
- Accountability: 88
- Sustainability: 40
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.2%; rating input score 72
- Program expense ratio: 72.2%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- 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%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 1.38; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.81; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 76; 76th percentile among comparable filings
Growth
- Program expense growth: -0.5% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 13.2% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 19.5% per year; rating input score 100; 92nd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site
- Where the money goes: 72.2% of revenue deployed · 72.2% of spending went to programs
- Governance: 18 of 19 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $108.3M in reported program spending
- Leadership: top reported pay $6.6M · 28 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.2M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 30/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.