Valley Health Systems Inc (EIN 042103583) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Spiridon E Hatiras

Phone

4135342567

Tax Period

2023-10-01 to 2024-09-30

Valley Health Systems Inc, founded in 1984, is a community nonprofit in the Health Care sector that reported $5.3M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $5.0M left a modest 6% surplus.

Mission

To support the advancement in knowledge and practice of medicine, surgery, nursing, and all other subjects related to healthcare.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $201,158

Program Service Revenue $4,536,260

Investment Income $652,353

Other Revenue $-104,232

TOTAL REVENUE $5,285,539

Expense Breakdown

Grants Paid $48,027

Salaries & Benefits $4,438,111

Fundraising Expenses $98,993

Program Expenses $4,144,166

Other Expenses $503,583

TOTAL EXPENSES $4,989,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,285,539	$4,391,441	+0.2%
Expenses	$4,989,721	$5,102,934	0.0%
Net Income	$295,818	$-711,493	-1.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,396,923

Total Directors

$1,610,362

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Hayden	Director	0.50	Director	$0	$0	$0
Matthew Mainville	Director	0.50	Director	$0	$0	$0
Marge Mantoni	Director	0.50	Director	$0	$0	$0
Mary Jo Maydew	Director	0.50	Director	$0	$0	$0
Idelia Smith	Director	0.50	Director	$0	$0	$0
Michael Sullivan	Director	0.50	Director	$0	$0	$0
Eileen O'Leary Sullivan	Chair	1.00	Officer Director	$0	$0	$0
Donald Graham	Vice Chair	0.50	Officer Director	$0	$0	$0
Garry Bombardier MD	Director	0.50	Director	$0	$7,607	$213,439
Spiridon E Hatiras	President & CEO, Clerk	2.50	Officer Director	$920,224	$76,706	$996,930
Dean Vitarisi	Treasurer & CFO	2.50	Officer Director	$351,730	$48,263	$399,993
Carl Cameron	VP, Operations	40.00	Highest	$478,507	$44,757	$523,264
Beverly Fein	VP, Chief HR Officer	40.00	Highest	$263,904	$29,527	$293,431
Avadhoot S Gokhale	VP, Quality/CQO	40.00	Highest	$315,072	$37,521	$352,593
Marcel Moniz	VP, Ambulatory Operations	40.00	Highest	$204,916	$29,315	$234,231
Richard T O'Connor	Director of Legal Affairs	40.00	Highest	$183,138	$1,748	$184,886

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$5,285,539	$4,989,721	$12,821,869	$295,818
2023	$4,391,441	$5,102,934	$11,370,864	$-711,493
2022	$4,406,890	$4,463,641	$10,691,393	$-56,751
2021	$5,011,526	$5,055,095	$11,549,744	$-43,569
2020	$4,755,926	$4,158,783	$10,435,859	$597,143
2019	$4,754,879	$5,081,283	$10,884,397	$-326,404
2018	$4,687,701	$4,579,973	$11,430,087	$107,728

Valley Health Systems Inc