Valley Physician Services Ny Pc
Nonprofit profile at a glance
- EIN
- 453125678
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Paramus, NJ, USA
- Phone
- 2014478000
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health Treatment Facilities, Primarily Outpatient
Reported finances
- Revenue
- $8,082,733
- Expenses
- $8,082,733
- Assets
- $2,640,713
- Liabilities
- $1,980,583
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 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 engage in the rendering of professional services of and related to the practice of medicine pursuant to "the professional services corporation act, and to support and carry out the charitable purpose of valley health system, inc. The organization also provided strategic funding to valley hospital, inc.
What it reported doing in 2024
The organization provided medical care to a total of 43,052 patients in 2024 in the fields of clinical cardiac electrophysiology, internal medicine, and cardiology. The organization also provides strategic funding to valley hospital, inc.
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 95% 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 68
- Accountability: 88
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.4%; rating input score 99
- Program expense ratio: 99.4%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.7%; rating input score 95; 25th 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 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0.75; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 44.9%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 99.4% of revenue deployed · 99.4% of spending went to programs
- Governance: 18 of 19 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8M in reported program spending
- Leadership: top reported pay $6.6M · 26 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $853K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 8 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.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.