Nonprofit · EIN 32-0041186
VALLEY PHYSICIAN SERVCIES INC
Also known as THE VALLEY MEDICAL GROUP
Tax-exempt · PARAMUS, NJ 07652
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $150,006,896 | $150,000,003 | $6,893 | $207,706,781 | $167,725,013 | $39,981,768 |
| December 31, 2023 | 990 | $147,203,133 | $133,235,118 | $13,968,015 | $147,448,416 | $107,466,640 | $39,981,776 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $130,966,467
- of which government grants
- $221,986
- Program service revenue
- $15,790,644
- Investment income
- $0
- Other revenue
- $3,249,785
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $257,276
- Other salaries and wages
- $56,315,396
- Salaries, compensation and benefits (total)
- $73,783,928
- Professional fundraising fees
- $0
- Accounting fees
- $46,847
- Occupancy
- $16,347,743
- Travel
- $61,814
- Depreciation
- $7,104,408
- Program services (functional)
- $108,338,891
- Management and general (functional)
- $41,661,112
Balance sheet and other
- Total assets, start of year
- $147,448,416
- Total assets, end of year
- $207,706,781
- Total liabilities, end of year
- $167,725,013
- Net assets, end of year
- $39,981,768
- Land, buildings and equipment
- $56,137,312
- Net assets without donor restrictions
- $38,035,254
- Net assets with donor restrictions
- $1,946,514
- Gross receipts
- $150,006,896
- Employees
- 1,019
- Volunteers
- 30
- Year formed
- 2002
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUDREY MEYERS | PRESIDENT/CEO, VHS, THRU JUNE 2024 Trustee or director, Officer | 1.8 | $0 | $6,593,387 | $54,469 |
| ROBERT W BRENNER | PRESIDENT/CEO, VHS, EFF. JULY 2024 Trustee or director, Officer | 4 | $0 | $1,878,651 | $31,214 |
| WILLIAM KLUTKOWSKI | SR. VP, FINANCE & CFO Officer | 2 | $0 | $1,252,548 | $53,234 |
| JULIA KARCHER | SR. VP, VHS/VMG Key employee | 35 | $0 | $876,302 | $45,403 |
| LOURDES HIDALGO-GATO | EXECUTIVE DIRECTOR, VMG OPERATIONS Key employee | 40 | $231,367 | $0 | $25,909 |
| CAROL PERSLEY | DIRECTOR, AMB SVCS LINE CARDIOLOGY Highest-paid employee | 40 | $182,040 | $0 | $19,802 |
| NICOLE INCORVAIA DIRECTOR | AMB SVCS LINE PRIMARY CARE Highest-paid employee | 40 | $151,649 | $0 | $41,330 |
| CAROL REGARDIZ DIRECTOR | AMB SVCS LINE WOMENS & CHILDRENS Highest-paid employee | 40 | $154,755 | $0 | $31,669 |
| SHARON LAMOREAUX | SENIOR EMBRYOLOGIST Highest-paid employee | 40 | $180,386 | $0 | $5,345 |
| PAMELA HOFMANN DIRECTOR | AMB SVCS LINE SURGICAL SERVICES Highest-paid employee | 40 | $152,640 | $0 | $17,511 |
| KEVIN LOBO | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| ANN LIMBERG | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| FRANK J SHEEHY | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JOSEPH MARION | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| DENIS SALAMONE | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VINCENT FORLENZA | CHAIR EMERITUS Trustee or director | 0.1 | $0 |
| JUDY BASELICE | TRUSTEE Trustee or director | 0.1 | $0 |
| JAMES BUSH | TRUSTEE Trustee or director | 0.1 | $0 |
| MICHELLE HASSON | TRUSTEE Trustee or director | 0.1 | $0 |
| M SHAWN KENNEDY | 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: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUDREY MEYERS | PRESIDENT & CEO, VHS Trustee or director, Officer | 1.8 | $0 | $2,880,401 | $52,035 |
| ROBERT W BRENNER PRESIDENT | CLINICAL INTEGRATION/PHYSICIAN ENTERPRISE Officer | 4 | $0 | $1,529,833 | $29,878 |
| WILLIAM KLUTKOWSKI | SR. VP, FINANCE & CFO Officer | 2 | $0 | $1,079,106 | $51,469 |
| JULIA KARCHER | SR. VP OF VHS/VMG Key employee | 35 | $0 | $699,486 | $46,102 |
| LOURDES HIDALGO-GATO | EXECUTIVE DIRECTOR, VMG OPERATIONS Key employee | 40 | $222,147 | $0 | $28,767 |
| CAROL PERSLEY DIRECTOR | AMBULATORY SVC LINE CARDIOLOGY Highest-paid employee | 40 | $175,652 | $0 | $19,196 |
| CAROL REGARDIZ DIRECTOR | AMBULATORY SVC LINE WOMEN'S & CHILDREN'S Highest-paid employee | 40 | $147,422 | $0 | $30,594 |
| NATASH SINGH SPECIALTY | CLINICAL PHARMACY SPECIALIST Highest-paid employee | 40 | $156,413 | $0 | $13,725 |
| NICOLE BURNS | SR. EMBRYOLOGIST COORDINATOR Highest-paid employee | 40 | $148,409 | $0 | $20,706 |
| PAMELA HOFMANN DIRECTOR | AMBULATORY SVC LINE SURGICAL SVCS Highest-paid employee | 40 | $147,563 | $0 | $16,632 |
| KEVIN LOBO | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| ANN LIMBERG | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| FRANK J SHEEHY | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JOSEPH MARION | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| DENIS SALAMONE | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| VINCENT FORLENZA | CHAIR EMERITUS Trustee or director | 0.1 | $0 | $0 | $0 |
| JUDY BASELICE | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| JAMES BUSH | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| MICHELLE HASSON | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| M SHAWN KENNEDY | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| BRUCE MACTAS | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| DUANE SACHS | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| SCOTT SCHROEDER | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| EDWARD B SELF MD | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| STEVEN SILVERSTEIN | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| JEFFREY TUCKER | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| PATRICIA VERDUIN | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| WAYNE WALD ESQ | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 15 ESSEX RD STE 506, PARAMUS, NJ 07652-1458
- In care of
- % THE VALLEY HOSPITAL
- Principal officer (990 for 2024)
- ROBERT W BRENNER, 4 VALLEY HEALTH PLAZA, PARAMUS, NJ 07652
- Signed the 990
- WILLIAM KLUTKOWSKI, SR. VP, FINANCE & CFO
- Phone
- (201) 447-8000
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO PROVIDE MANAGEMENT SERVICES TO THE FOLLOWING PROFESSIONAL CORPORATIONS: VALLEY PHYSICIAN SERVICES, P.C. AND VALLEY PHYSICIAN SERVICES, NY, P.C.
Program accomplishments
- VALLEY PHYSICIAN SERVICES, INC. PROVIDES SPECIALIZED MANAGEMENT SERVICES TO RELATED PHYSICIAN SERVICE ORGANIZATIONS WITHIN VALLEY HEALTH SYSTEM, INC.Expenses $108,338,891 · revenue $18,953,626
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
- 32-0041186
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E60)
- Assets (IRS master file)
- $207,706,781
- Income (IRS master file)
- $150,006,896
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $150,006,896 | $150,000,003 | $207,706,781 | XML |
| 990 | December 2023 | $147,203,133 | $133,235,118 | $147,448,416 | XML |
| 990 | December 2022 | $128,587,810 | $128,703,563 | $100,915,941 | 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 32-0041186).
Questions about VALLEY PHYSICIAN SERVCIES INC
- What is the EIN of VALLEY PHYSICIAN SERVCIES INC?
- The employer identification number (EIN) of VALLEY PHYSICIAN SERVCIES INC is 32-0041186.
- Is VALLEY PHYSICIAN SERVCIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to VALLEY PHYSICIAN SERVCIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY PHYSICIAN SERVCIES 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 PHYSICIAN SERVCIES 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 PHYSICIAN SERVCIES 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 PHYSICIAN SERVCIES INC?
- The 990 for the year ended December 31, 2024 names ROBERT W BRENNER.
- Who are the officers and directors of VALLEY PHYSICIAN SERVCIES INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 6 received compensation from the organization.
- How much revenue does VALLEY PHYSICIAN SERVCIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $150,006,896, expenses of $150,000,003 and total assets of $207,706,781 at year end.
Other nonprofits in PARAMUS
- VALLEY HOSPITAL INC EIN 22-1487307 · last filed 990 for 2024
- CAREPLUS BERGEN EIN 82-2081292 · last filed 990 for 2024
- VALLEY PHYSICIAN SERVICES PC EIN 46-5285330 · last filed 990 for 2024
- VALLEY HEALTH SYSTEM INC EIN 22-2922016 · 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