Nonprofit · EIN 46-5285330
VALLEY PHYSICIAN SERVICES PC
Tax-exempt (reinstated) · PARAMUS, NJ 07652
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $229,614,679 | $230,915,450 | -$1,300,771 | $29,403,094 | $46,029,785 | -$16,626,691 |
| December 31, 2023 | 990 | $208,224,307 | $208,224,307 | $0 | $24,434,404 | $39,760,324 | -$15,325,920 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $229,590,074
- Investment income
- $0
- Other revenue
- $24,605
Expenses
- Grants and similar amounts paid
- $28,475,490
- Compensation of officers, directors and key employees
- $1,477,543
- Other salaries and wages
- $149,211,659
- Salaries, compensation and benefits (total)
- $164,254,500
- Professional fundraising fees
- $0
- Legal fees
- $2,000
- Accounting fees
- $152,262
- Occupancy
- $1,707
- Travel
- $38,276
- Program services (functional)
- $212,938,103
- Management and general (functional)
- $17,977,347
Balance sheet and other
- Total assets, start of year
- $24,434,404
- Total assets, end of year
- $29,403,094
- Total liabilities, end of year
- $46,029,785
- Net assets, end of year
- -$16,626,691
- Net assets without donor restrictions
- -$16,626,691
- Gross receipts
- $229,614,679
- Employees
- 544
- Volunteers
- 30
- Year formed
- 2014
- 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 | 3 | $0 | $1,878,651 | $31,214 |
| JUAN GRAU | DIRECTOR, CARDIOTHORACIC SURGERY Highest-paid employee | 40 | $1,745,095 | $0 | $45,597 |
| SUNEET MITTAL | CHAIR, CARDIOLOGY SERVICES Highest-paid employee | 40 | $1,673,228 | $0 | $61,399 |
| PAUL BURNS | SURGICAL DIRECTOR, HEART FAILURE Highest-paid employee | 40 | $1,577,221 | $0 | $45,696 |
| WILLIAM KLUTKOWSKI | SR. VP, FINANCE & CFO Officer | 2 | $0 | $1,252,548 | $53,234 |
| MICHAEL RAHMIN MD | PHYSICIAN Highest-paid employee | 40 | $1,232,071 | $0 | $31,396 |
| ROBERT KORST | CHIEF OF ONCOLOGY SURGICAL SERVICE Highest-paid employee | 40 | $992,461 | $0 | $61,318 |
| GERALD SOTSKY | ASSOCIATE CHAIR, CARDIOLOGY SERVICES Officer | 40 | $774,758 | $0 | $48,671 |
| PUNEETA SHARMA | CHIEF MEDICAL OFFICER, VMG Officer | 40 | $622,732 | $0 | $31,382 |
| 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 |
| JUAN GRAU | DIRECTOR, CARDIOTHORACIC SURGERY Highest-paid employee | 40 | $1,644,026 | $0 | $46,954 |
| ROBERT W BRENNER PRESIDENT | CLINICAL INTEGRATION/PHYSICIAN ENTERPRISE Officer | 3 | $0 | $1,529,833 | $29,878 |
| PAUL BURNS | SURGICAL DIRECTOR, HEART FAILURE Highest-paid employee | 40 | $1,465,271 | $0 | $29,415 |
| MICHAEL RAHMIN MD | PHYSICIAN Highest-paid employee | 40 | $1,198,374 | $0 | $35,062 |
| THOMAS AHLBORN MD | CHAIR, SURGICAL SERVICES Highest-paid employee | 40 | $1,146,034 | $0 | $44,458 |
| WILLIAM KLUTKOWSKI | SR. VP, FINANCE & CFO Officer | 2 | $0 | $1,079,106 | $51,469 |
| ALEX ZAPOLANSKI | PHYSICIAN Highest-paid employee | 40 | $1,006,876 | $0 | $32,424 |
| GERALD SOTSKY | CHAIR, CARDIOLOGY SERVICES Officer | 40 | $717,269 | $0 | $50,519 |
| PUNEETA SHARMA | CHIEF MEDICAL OFFICER, VMG Officer | 40 | $571,844 | $0 | $33,791 |
| 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
- % ROBIN GOLDFISCHER
- 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) 291-6000
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
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.
Program accomplishments
- THE ORGANIZATION PROVIDED MEDICAL CARE TO A TOTAL OF 572,644 PATIENTS IN 2024 IN THE FIELDS OF INTERNAL MEDICINE, FAMILY MEDICINE, AND CARDIOLOGY. THE ORGANIZATION ALSO PROVIDED STRATEGIC FUNDING TO VALLEY HOSPITAL, INC.Expenses $212,938,103 · grants $28,475,490 · revenue $229,590,074
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
- 46-5285330
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E19)
- Assets (IRS master file)
- $29,403,094
- Income (IRS master file)
- $229,614,679
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- August 16, 2017
- Reinstated
- Effective September 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $229,614,679 | $230,915,450 | $29,403,094 | IRS |
| 990 | December 2023 | $208,224,307 | $208,224,307 | $24,434,404 | XML |
| 990 | December 2022 | $200,994,425 | $204,135,773 | $26,604,976 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 46-5285330).
Questions about VALLEY PHYSICIAN SERVICES PC
- What is the EIN of VALLEY PHYSICIAN SERVICES PC?
- The employer identification number (EIN) of VALLEY PHYSICIAN SERVICES PC is 46-5285330.
- Is VALLEY PHYSICIAN SERVICES PC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective September 15, 2017.
- Are donations to VALLEY PHYSICIAN SERVICES PC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY PHYSICIAN SERVICES PC 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 SERVICES PC 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 SERVICES PC 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 SERVICES PC?
- The 990 for the year ended December 31, 2024 names ROBERT W BRENNER.
- Who are the officers and directors of VALLEY PHYSICIAN SERVICES PC?
- The 990 for the year ended December 31, 2024 lists 28 people; 7 received compensation from the organization.
- How much revenue does VALLEY PHYSICIAN SERVICES PC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $229,614,679, expenses of $230,915,450 and total assets of $29,403,094 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 SERVCIES INC EIN 32-0041186 · 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