Nonprofit · EIN 04-2103583
VALLEY HEALTH SYSTEMS INC
Tax-exempt · HOLYOKE, MA 01040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $4,645,605 | $6,567,189 | -$1,921,584 | $7,935,319 | $1,628,485 | $6,306,834 |
| September 30, 2024 | 990 | $5,285,539 | $4,989,721 | $295,818 | $12,821,869 | $857,922 | $11,963,947 |
| September 30, 2023 | 990 | $4,391,441 | $5,102,934 | -$711,493 | $11,370,864 | $1,013,325 | $10,357,539 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $181,043
- Program service revenue
- $4,341,270
- Investment income
- $223,160
- Net gain from sales of assets
- -$66,315
- Net income from fundraising events
- -$53,153
- Net income from sales of inventory
- -$46,715
- Other revenue
- -$99,868
Expenses
- Grants and similar amounts paid
- $26,965
- Compensation of officers, directors and key employees
- $1,413,520
- Other salaries and wages
- $2,780,514
- Salaries, compensation and benefits (total)
- $4,547,229
- Professional fundraising fees
- $0
- Accounting fees
- $5,458
- Travel
- $758
- Program services (functional)
- $5,459,963
- Management and general (functional)
- $1,005,326
- Fundraising (functional)
- $101,900
Balance sheet and other
- Total assets, start of year
- $12,821,869
- Total assets, end of year
- $7,935,319
- Total liabilities, end of year
- $1,628,485
- Net assets, end of year
- $6,306,834
- Land, buildings and equipment
- $16,309
- Publicly traded securities
- $3,460,739
- Net assets without donor restrictions
- $284,676
- Net assets with donor restrictions
- $6,022,158
- Gross receipts
- $14,448,261
- Employees
- 17
- Volunteers
- 8
- Year formed
- 1984
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Spiridon E Hatiras | President & CEO, Clerk Trustee or director, Officer | 2.5 | $906,011 | $0 | $77,893 |
| Carl Cameron | VP, Operations Highest-paid employee | 40 | $499,662 | $0 | $45,351 |
| Dean Vitarisi | Treasurer & CFO Trustee or director, Officer | 2.5 | $380,743 | $0 | $48,873 |
| Avadhoot S Gokhale | VP, Quality/CQO Highest-paid employee | 40 | $326,792 | $0 | $38,033 |
| Beverly Fein | VP, Chief HR Officer Highest-paid employee | 40 | $293,479 | $0 | $30,439 |
| Marcel Moniz | VP, Ambulatory Operations Highest-paid employee | 40 | $211,444 | $0 | $29,712 |
| Richard T O'Connor | Director of Legal Affairs Highest-paid employee | 40 | $187,311 | $0 | $1,788 |
| Garry Bombardier MD | Director Trustee or director | 0.5 | $0 | $113,119 | $115 |
| Jeff Hayden | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Matthew Mainville | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Marge Mantoni | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Mary Jo Maydew | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Idelia Smith | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Michael Sullivan | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Eileen O'Leary Sullivan | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donald Graham | Vice Chair Trustee or director, Officer | 0.5 | $0 |
990 for the year ended September 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Spiridon E Hatiras | President & CEO, Clerk Trustee or director, Officer | 2.5 | $920,224 | $0 | $76,706 |
| Carl Cameron | VP, Operations Highest-paid employee | 40 | $478,507 | $0 | $44,757 |
| Dean Vitarisi | Treasurer & CFO Trustee or director, Officer | 2.5 | $351,730 | $0 | $48,263 |
| Avadhoot S Gokhale | VP, Quality/CQO Highest-paid employee | 40 | $315,072 | $0 | $37,521 |
| Beverly Fein | VP, Chief HR Officer Highest-paid employee | 40 | $263,904 | $0 | $29,527 |
| Marcel Moniz | VP, Ambulatory Operations Highest-paid employee | 40 | $204,916 | $0 | $29,315 |
| Garry Bombardier MD | Director Trustee or director | 0.5 | $0 | $205,832 | $7,607 |
| Richard T O'Connor | Director of Legal Affairs Highest-paid employee | 40 | $183,138 | $0 | $1,748 |
| Jeff Hayden | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Matthew Mainville | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Marge Mantoni | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Mary Jo Maydew | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Idelia Smith | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Michael Sullivan | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Eileen O'Leary Sullivan | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Donald Graham | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Spiridon E Hatiras | President & CEO, Clerk Trustee or director, Officer | 2.5 | $907,453 | $0 | $73,368 |
| Carl Cameron | VP, Operations Highest-paid employee | 40 | $470,369 | $0 | $47,179 |
| Dean Vitarisi | Treasurer & CFO Trustee or director, Officer | 2.5 | $338,192 | $0 | $25,084 |
| Avadhoot S Gokhale | VP, Quality/CQO Highest-paid employee | 40 | $306,588 | $0 | $39,163 |
| Beverly Fein | VP, Chief HR Officer Highest-paid employee | 40 | $277,494 | $0 | $28,629 |
| Garry Bombardier MD | Director Trustee or director | 0.5 | $0 | $230,276 | $14,602 |
| Marcel Moniz | VP, Ambulatory Operations Highest-paid employee | 40 | $180,714 | $0 | $15,831 |
| Richard T O'Connor | Director of Legal Affairs Highest-paid employee | 40 | $156,238 | $0 | $1,512 |
| Donald Graham | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Matthew Mainville | Director (start 5/2023) Trustee or director | 0.5 | $0 | $0 | $0 |
| Marge Mantoni | Director (start 2/2023) Trustee or director | 0.5 | $0 | $0 | $0 |
| Mary Jo Maydew | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Idelia Smith | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Michael Sullivan | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jeff Hayden | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Eileen O'Leary Sullivan | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 20 HOSPITAL DR, HOLYOKE, MA 01040-6604
- Principal officer (990 for 2024)
- Spiridon E Hatiras, 20 Hospital Drive, Holyoke, MA 010406604
- Signed the 990
- Dean Vitarisi, Treasurer & CFO
- Phone
- (413) 534-2567
- Return prepared by
- Baker Newman & Noyes
Mission
To support the advancement in knowledge and practice of medicine, surgery, nursing, and all other subjects related to healthcare.
Program accomplishments
- To support the advancement in knowledge and practice of medicine, surgery, nursing, and all other subjects related to healthcare. Valley Health Systems, Inc. accomplishes its mission by managing, operating and providing management counsel and advice in connection with the provision of medical or healthcare and services ancillary to Holyoke Medical Center, Inc. and its affiliates.Expenses $5,459,963 · grants $26,965 · revenue $4,294,555
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 04-2103583
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E120)
- Assets (IRS master file)
- $7,935,319
- Income (IRS master file)
- $14,448,261
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $4,645,605 | $6,567,189 | $7,935,319 | XML |
| 990 | September 2024 | $5,285,539 | $4,989,721 | $12,821,869 | XML |
| 990 | September 2023 | $4,391,441 | $5,102,934 | $11,370,864 | XML |
| 990 | September 2022 | $4,406,890 | $4,463,641 | $10,691,393 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2103583).
Questions about VALLEY HEALTH SYSTEMS INC
- What is the EIN of VALLEY HEALTH SYSTEMS INC?
- The employer identification number (EIN) of VALLEY HEALTH SYSTEMS INC is 04-2103583.
- Is VALLEY HEALTH SYSTEMS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to VALLEY HEALTH SYSTEMS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY HEALTH SYSTEMS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALLEY HEALTH SYSTEMS INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY HEALTH SYSTEMS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of VALLEY HEALTH SYSTEMS INC?
- The 990 for the year ended September 30, 2025 names Spiridon E Hatiras.
- Who are the officers and directors of VALLEY HEALTH SYSTEMS INC?
- The 990 for the year ended September 30, 2025 lists 16 people; 7 received compensation from the organization, the highest $906,011 (Spiridon E Hatiras, President & CEO, Clerk).
- How much revenue does VALLEY HEALTH SYSTEMS INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $4,645,605, expenses of $6,567,189 and total assets of $7,935,319 at year end.
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