Valley Health Services Inc

EIN: 222511614 501(c)(3) Health Care

HERKIMER, NY

Total Revenue
$14,724,606
Total Expenses
$17,109,732
Total Assets
$9,927,182
Net Assets
$-3,713,179
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Phone
3158663330
Tax Period
2024-01-01 to 2024-12-31

Valley Health Services Inc, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $14.7M in total revenue in fiscal year 2024. Expenses of $17.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION OF VALLEY HEALTH SERVICES, INC. IS TO PROVIDE QUALITY, PERSON CENTERED REHABILITATIVE, LONG-TERM AND PALLIATIVE CARE THROUGH DIVERSE PROGRAMS DESIGNED TO PROMOTE HEALTH AND INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $14,990,264 Revenue: $14,481,534

SKILLED NURSING, LONG-TERM CARE SHORT-TERM INPATIENT AND REHABILITATION AND SUB-ACUTE CARE, PHYSICAL THERAPY O OCCUPATIONAL THERAPY, SPEECH THERAPY, WOUND CARE, IV THERAPY OUTPATIENT REHABILITATION...

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SKILLED NURSING, LONG-TERM CARE SHORT-TERM INPATIENT AND REHABILITATION AND SUB-ACUTE CARE, PHYSICAL THERAPY O OCCUPATIONAL THERAPY, SPEECH THERAPY, WOUND CARE, IV THERAPY OUTPATIENT REHABILITATION, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, CARDIAC REHABILITATION, SPEECH THERAPY, OSTEOPOROSIS MANAGEMENT THE18-SLOT OFFSITE MEDICAL MODEL ADULT DAY CARE PROGRAM IN LITTLE FALLS HAS RESUMED SERVICE FOLLOWING THE CLOSING OF SERVICES AT THE PEAK OF COVID-19. THE 12-SLOT ONSITE ADULT DAY CARE MEDICAL MODEL SITE IS HOPING TO RESUME SERVICES AT SOME POINT IN THE FUTURE. SPEECH THERAPY, IV THERAPY, CARDIAC REHABILITATION, PALLIATIVE CARE AND OSTEOPOROSIS MANAGEMENT ARE UNIQUE SERVICES TO THE GREATER HERKIMER AREA AVAILABLE AT VHS, INC. APPROXIMATELY 55% OF VALLEY HEALTH SERVICES REVENUE IS DERIVED FROM MEDICAID. AS SUCH, VHS, INC., INCURS AN APPROXIMATE SHORTFALL OF $65 PER PATIENT DAY REIMBURSED BY THE NYS MEDICAID SYSTEM. AN IN-HOUSE "NEEDY RESIDENT" FUND PROVIDES MONEY FOR INCIDENTAL ITEMS DESIRED BY RESIDENTS. ADDITIONALLY, VHS OPERATES ITS OWN CNA CLASS. VHS' STAFF ALSO WORKS WITH RESIDENTS, RESIDENTS' FAMILY MEMBERS AND OUTPATIENTS AS REQUESTED TO ADDRESS ELIGIBILITY FOR FEDERAL, STATE AND LOCAL ASSISTANCE FOR ISSUES INVOLVING PATIENT CARE. VHS WORKS WITH CAREER CONNECTIONS OF THE HERKIMER ARC TO MATCH THEIR CLIENTS' SKILLS WITH AVAILABLE JOB OPPORTUNITIES. VHS HAS RESUMED SOME ANNUAL FUNDRAISING ACTIVITIES. THEY HAVE PARTICIPATED IN THE COMMUNITY FOUNDATION OF HERKIMER AND ONEIDA COUNTY "MOHAWK VALLEY GIVES" PROGRAM.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $233,631
Program Service Revenue $14,481,534
Investment Income $9,441
Other Revenue $0
TOTAL REVENUE $14,724,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,292,255
Fundraising Expenses $0
Program Expenses $14,990,264
Other Expenses $4,817,477
TOTAL EXPENSES $17,109,732

Year-over-Year Comparison

2024 2023 Change
Revenue $14,724,606 $14,739,446 0.0%
Expenses $17,109,732 $15,948,044 +0.1%
Net Income $-2,385,126 $-1,208,598 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
404
Volunteers
15

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
5
$793,988
Total Directors
15
$0
Key Employees
1
$545,632
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marianne E O'Donnell Secretary 2.0
Officer Director
$0 $0 $0
Robert N Basloe Treasurer 2.0
Officer Director
$0 $0 $0
Alan Vincent Board Member (As of 8/24) 2.0
Director
$0 $0 $0
Anna Lyga Board Member 2.0
Director
$0 $0 $0
Connie A Jastremski Chair 2.0
Director
$0 $0 $0
Curtis Pearsall Board Member 2.0
Director
$0 $0 $0
Delores Caruso Board Member (As of 8/24) 2.0
Director
$0 $0 $0
James Seward Board Member 2.0
Director
$0 $0 $0
Jeffrey J Woeppel Board Member 2.0
Director
$0 $0 $0
John P Militello Vice Chair 2.0
Director
$0 $0 $0
Judith Gorman Board Member 2.0
Director
$0 $0 $0
Kathleen A Horn Board Member 2.0
Director
$0 $0 $0
Kathleen Marollo Board Member 2.0
Director
$0 $0 $0
Linda Talerico Board Member 2.0
Director
$0 $0 $0
Marybeth McCall MD Board Member 2.0
Director
$0 $0 $0
Bryan Ehlinger VHS Administrator BHN 40.0
Officer
$111,299 $15,209 $126,508
Craig Faerber Interim Network CFO 2.0
Officer
$0 $0 $524,460
Michael R Treen CFO 2.0
Officer
$0 $11,608 $143,020
Lisa M Betrus SVP Chief Strategy & Transformation Officer 40.0
Key Emp
$518,868 $26,764 $545,632
Jackie Metz RN Supervisor 40.0
Highest
$126,928 $1,816 $128,744
Joanna Boyles Care Coord RN 40.0
Highest
$121,117 $5,964 $127,081
Melissa Ippolito Director of Nursing 40.0
Highest
$168,543 $11,282 $179,825
Michelle Phillips Care Coord RN 40.0
Highest
$112,167 $9,410 $121,577
Veronica Adams LPN Charge 40.0
Highest
$197,054 $11,986 $209,040
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 $14,724,606 $17,109,732 $9,927,182 $-2,385,126
2023 $14,739,446 $15,948,044 $8,930,958 $-1,208,598
2022 $12,972,285 $15,729,258 $7,440,406 $-2,756,973
2021 $14,235,675 $14,887,367 $8,957,963 $-651,692
2020 $16,132,531 $14,838,004 $9,708,510 $1,294,527
2019 $15,034,048 $15,212,394 $8,985,226 $-178,346
2018 $16,144,153 $16,077,605 $9,651,162 $66,548
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