Nonprofit · EIN 22-2922016
VALLEY HEALTH SYSTEM INC
Tax-exempt · PARAMUS, NJ 07652
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $126,857,689 | $136,699,992 | -$9,842,303 | $49,538,141 | $48,455,823 | $1,082,318 |
| December 31, 2023 | 990 | $128,515,021 | $129,561,470 | -$1,046,449 | $32,780,884 | $29,243,571 | $3,537,313 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $344,547
- Program service revenue
- $126,513,081
- Investment income
- $61
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $12,821,334
- Other salaries and wages
- $47,376,297
- Salaries, compensation and benefits (total)
- $74,249,552
- Professional fundraising fees
- $0
- Legal fees
- $1,807,572
- Accounting fees
- $70,132
- Travel
- $77,313
- Program services (functional)
- $136,699,992
Balance sheet and other
- Total assets, start of year
- $32,780,884
- Total assets, end of year
- $49,538,141
- Total liabilities, end of year
- $48,455,823
- Net assets, end of year
- $1,082,318
- Net assets without donor restrictions
- $1,082,318
- Gross receipts
- $126,857,689
- Employees
- 527
- Volunteers
- 18
- Year formed
- 1988
- State of legal domicile
- NJ
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AUDREY MEYERS | PRESIDENT & CEO, VHS THRU JUNE 2024 Trustee or director, Officer | 18 | $6,593,387 | $54,469 |
| ROBERT W BRENNER | PRESIDENT & CEO, VHS EFF. JULY 2024 Officer | 13.5 | $1,878,651 | $31,214 |
| WILLIAM KLUTKOWSKI | SR. VP, FINANCE & CFO Officer | 19.5 | $1,252,548 | $53,234 |
| ROBIN HOLLANDER SENIOR VP | SR. VP LEGAL SERVICES/ GENERAL COUNSEL Highest-paid employee | 40 | $1,222,539 | $58,367 |
| KARTEEK BHAVSAR | SR. VP & COO Key employee | 20 | $1,177,040 | $29,075 |
| EPHRAIM CASPER CMO | CMO, COMPREHENSIVE CANCER CARE Highest-paid employee | 39.5 | $1,090,002 | $47,422 |
| ERIC CAREY | VP/CIO, INFORMATION SYSTEMS Highest-paid employee | 40 | $867,403 | $62,509 |
| JULIA N KARCHER | SR. VP, VHS/VMG Key employee | 5 | $876,302 | $45,403 |
| JOSE BALDERRAMA | SR VP, HUMAN RESOURCES Key employee | 40 | $797,304 | $32,708 |
| GAIL CALLANDRILLO | FORMER KEY EMPLOYEE Former | 0 | $696,170 | $0 |
| JOSEPH LORINO | VP, FACILITIES MANAGEMENT Highest-paid employee | 40 | $649,656 | $39,428 |
| NISHA SIKDER | VP, PAYER STRATEGIES Highest-paid employee | 40 | $591,136 | $49,405 |
| KEVIN LOBO | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 |
| FRANK J SHEEHY | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 |
| ANN LIMBERG | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH MARION | TREASURER Trustee or director, Officer | 0.1 | $0 |
| DENIS SALAMONE | SECRETARY Trustee or director, Officer | 0.1 | $0 |
| JUDY BASELICE | TRUSTEE Trustee or director | 0.1 | $0 |
| JAMES BUSH | TRUSTEE Trustee or director | 0.1 | $0 |
| VINCENT FORLENZA | CHAIR EMERITUS Trustee or director | 0.1 | $0 |
| MICHELLE HASSON | TRUSTEE Trustee or director | 0.1 | $0 |
| M SHAWN KENNEDY RN | TRUSTEE Trustee or director | 0.1 | $0 |
| BRUCE MACTAS | TRUSTEE Trustee or director | 0.1 | $0 |
| MICHAEL MCGUIRE | TRUSTEE Trustee or director | 0.1 | $0 |
| DUANE SACHS | TRUSTEE Trustee or director | 0.1 | $0 |
| SCOTT SCHROEDER | TRUSTEE Trustee or director | 0.1 | $0 |
| JEFFREY TUCKER | TRUSTEE Trustee or director | 0.1 | $0 |
| PATRICIA VERDUIN | TRUSTEE Trustee or director | 0.1 | $0 |
| WAYNE WALD ESQ | TRUSTEE Trustee or director | 0.1 | $0 |
| TIMOTHY WENTWORTH | TRUSTEE Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AUDREY MEYERS | PRESIDENT & CEO, VHS Trustee or director, Officer | 18 | $2,880,401 | $52,035 |
| ROBERT W BRENNER PRESIDENT | CLINICAL INTEGRATION/PHYSICIAN ENTERPRISE Officer | 22 | $1,529,833 | $29,878 |
| WILLIAM KLUTKOWSKI | SR. VP, FINANCE & CFO Officer | 19.5 | $1,079,106 | $51,469 |
| EPHRAIM CASPER CMO | COMPREHENSIVE CANCER CARE Highest-paid employee | 39.5 | $1,063,653 | $47,321 |
| ROBIN HOLLANDER SENIOR VP | SR. VP LEGAL SERVICES/ GENERAL CO Highest-paid employee | 40 | $927,808 | $56,391 |
| ERIC CAREY | VP/CIO, INFORMATION SYS Highest-paid employee | 40 | $793,032 | $60,572 |
| KARTEEK BHAVSAR | SR. VP, OPERATIONS & BUSINESS DEV. Key employee | 20 | $800,778 | $27,800 |
| JULIA N KARCHER | SR. VP, VHS/VMG Key employee | 5 | $699,486 | $46,102 |
| JOSE BALDERRAMA | VP, HUMAN RESOURCES Key employee | 40 | $685,655 | $37,316 |
| JOSEPH LORINO | VP, FACILITIES MANAGEMENT Highest-paid employee | 40 | $565,370 | $36,529 |
| NISHA SIKDER | VP, PAYER STRATEGIES Highest-paid employee | 40 | $545,462 | $54,260 |
| KEVIN LOBO | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 |
| FRANK J SHEEHY | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 |
| ANN LIMBERG | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 |
| JOSEPH MARION | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 |
| DENIS SALAMONE | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 |
| JUDY BASELICE | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| JAMES BUSH | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| VINCENT FORLENZA | CHAIR EMERITUS Trustee or director | 0.1 | $0 | $0 |
| MICHELLE HASSON | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| M SHAWN KENNEDY | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| BRUCE MACTAS | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| DUANE SACHS | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| SCOTT SCHROEDER | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| EDWARD B SELF MD | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| STEVEN SILVERSTEIN | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| JEFFREY TUCKER | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| PATRICIA VERDUIN | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| WAYNE WALD ESQ | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4 VALLEY HEALTH PLZ, PARAMUS, NJ 07652-3619
- Principal officer (990 for 2024)
- ROBERT BRENNER, 4 VALLEY HEALTH PLAZA, PARAMUS, NJ 07652
- Signed the 990
- WILLIAM KLUTKOWSKI, SENIOR VP OF FINANCE & CFO
- Phone
- (201) 291-6200
- Website
- WWW.VALLEYHEALTH.COM
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
VALLEY HEALTH SYSTEM IS A FULL SERVICE HEALTHCARE SYSTEM SERVING THE RESIDENTS OF NORTHERN NEW JERSEY. IT COMPRISES THE MANY PROGRAMS AND SERVICES OF THE VALLEY HOSPITAL, A FULL SERVICE HOME CARE AGENCY, VALLEY HOME CARE, AND COMMUNITY-BASED PRIMARY AND URGENT CARE CENTERS, VALLEY HEALTH MEDICAL GROUPS, THAT BRING QUALITY HEALTHCARE TO MANY COMMUNITIES OF BERGEN COUNTY.
Program accomplishments
- THE ORGANIZATION PROVIDED MANAGEMENT AND PLANNING SERVICES TO ITS SUBSIDIARIES AND AFFILIATES OF THE VALLEY HEALTH SYSTEM.Expenses $136,699,992 · revenue $126,513,081
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2922016
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E70)
- Assets (IRS master file)
- $49,538,141
- Income (IRS master file)
- $126,857,689
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $126,857,689 | $136,699,992 | $49,538,141 | XML |
| 990 | December 2023 | $128,515,021 | $129,561,470 | $32,780,884 | XML |
| 990 | December 2022 | $103,066,284 | $103,335,974 | $58,560,203 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 22-2922016).
Questions about VALLEY HEALTH SYSTEM INC
- What is the EIN of VALLEY HEALTH SYSTEM INC?
- The employer identification number (EIN) of VALLEY HEALTH SYSTEM INC is 22-2922016.
- Is VALLEY HEALTH SYSTEM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to VALLEY HEALTH SYSTEM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY HEALTH SYSTEM 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 SYSTEM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY HEALTH SYSTEM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VALLEY HEALTH SYSTEM INC?
- The 990 for the year ended December 31, 2024 names ROBERT BRENNER.
- Who are the officers and directors of VALLEY HEALTH SYSTEM INC?
- The 990 for the year ended December 31, 2024 lists 30 people; 12 received compensation from the organization, the highest $6,593,387 (AUDREY MEYERS, PRESIDENT & CEO, VHS THRU JUNE 2024).
- How much revenue does VALLEY HEALTH SYSTEM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $126,857,689, expenses of $136,699,992 and total assets of $49,538,141 at year end.
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- VALLEY PHYSICIAN SERVCIES INC EIN 32-0041186 · last filed 990 for 2024
- VALLEY HOME CARE INC EIN 22-3208480 · last filed 990 for 2024
- VALLEY HOSPITAL FOUNDATION EIN 22-2324554 · last filed 990 for 2024
- VALLEY PHYSICIAN SERVICES NY PC EIN 45-3125678 · last filed 990 for 2024
- THE BERGEN NEW BRIDGE MEDICAL CTR FOUNDATION A NJ NONPROFIT CORP EIN 22-3135663 · last filed 990 for 2024