VALLEY HEALTH SYSTEM INC (EIN 222922016) - 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

1988

Legal Domicile

Principal Officer

ROBERT BRENNER

Phone

2012916200

Tax Period

2024-01-01 to 2024-12-31

VALLEY HEALTH SYSTEM INC, founded in 1988, is a major nonprofit in the Health Care sector that reported $126.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE MANAGEMENT AND PLANNING SERVICES FOR THE ENTITIES OF THE VALLEY HEALTH SYSTEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $344,547

Program Service Revenue $126,513,081

Investment Income $61

Other Revenue $0

TOTAL REVENUE $126,857,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,249,552

Fundraising Expenses $0

Program Expenses $136,699,992

Other Expenses $62,450,440

TOTAL EXPENSES $136,699,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,857,689	$128,515,021	0.0%
Expenses	$136,699,992	$129,561,470	+0.1%
Net Income	$-9,842,303	$-1,046,449	+8.4%

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

527

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

$9,863,503

Total Directors

$6,647,856

Key Employees

$2,957,832

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUDREY MEYERS	PRESIDENT & CEO, VHS THRU JUNE 2024	18.00	Officer Director	$6,593,387	$54,469	$6,647,856
KEVIN LOBO	CHAIR	0.10	Officer Director	$0	$0	$0
FRANK J SHEEHY	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ANN LIMBERG	VICE CHAIR	0.10	Officer Director	$0	$0	$0
JOSEPH MARION	TREASURER	0.10	Officer Director	$0	$0	$0
DENIS SALAMONE	SECRETARY	0.10	Officer Director	$0	$0	$0
JUDY BASELICE	TRUSTEE	0.10	Director	$0	$0	$0
JAMES BUSH	TRUSTEE	0.10	Director	$0	$0	$0
VINCENT FORLENZA	CHAIR EMERITUS	0.10	Director	$0	$0	$0
MICHELLE HASSON	TRUSTEE	0.10	Director	$0	$0	$0
M SHAWN KENNEDY RN	TRUSTEE	0.10	Director	$0	$0	$0
BRUCE MACTAS	TRUSTEE	0.10	Director	$0	$0	$0
MICHAEL MCGUIRE	TRUSTEE	0.10	Director	$0	$0	$0
DUANE SACHS	TRUSTEE	0.10	Director	$0	$0	$0
SCOTT SCHROEDER	TRUSTEE	0.10	Director	$0	$0	$0
JEFFREY TUCKER	TRUSTEE	0.10	Director	$0	$0	$0
PATRICIA VERDUIN	TRUSTEE	0.10	Director	$0	$0	$0
WAYNE WALD ESQ	TRUSTEE	0.10	Director	$0	$0	$0
TIMOTHY WENTWORTH	TRUSTEE	0.10	Director	$0	$0	$0
ROBERT W BRENNER	PRESIDENT & CEO, VHS EFF. JULY 2024	13.50	Officer	$1,878,651	$31,214	$1,909,865
WILLIAM KLUTKOWSKI	SR. VP, FINANCE & CFO	19.50	Officer	$1,252,548	$53,234	$1,305,782
KARTEEK BHAVSAR	SR. VP & COO	20.00	Key Emp	$1,177,040	$29,075	$1,206,115
JOSE BALDERRAMA	SR VP, HUMAN RESOURCES	40.00	Key Emp	$797,304	$32,708	$830,012
JULIA N KARCHER	SR. VP, VHS/VMG	5.00	Key Emp	$876,302	$45,403	$921,705
EPHRAIM CASPER CMO	CMO, COMPREHENSIVE CANCER CARE	39.50	Highest	$1,090,002	$47,422	$1,137,424
ROBIN HOLLANDER SENIOR VP	SR. VP LEGAL SERVICES/ GENERAL COUNSEL	40.00	Highest	$1,222,539	$58,367	$1,280,906
ERIC CAREY	VP/CIO, INFORMATION SYSTEMS	40.00	Highest	$867,403	$62,509	$929,912
JOSEPH LORINO	VP, FACILITIES MANAGEMENT	40.00	Highest	$649,656	$39,428	$689,084
NISHA SIKDER	VP, PAYER STRATEGIES	40.00	Highest	$591,136	$49,405	$640,541
GAIL CALLANDRILLO	FORMER KEY EMPLOYEE	0.00		$696,170	$0	$696,170

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	$126,857,689	$136,699,992	$49,538,141	$-9,842,303
2023	$128,515,021	$129,561,470	$32,780,884	$-1,046,449
2022	$103,066,284	$103,335,974	$58,560,203	$-269,690
2021	$105,850,190	$112,491,398	$53,555,711	$-6,641,208
2020	$81,282,380	$83,068,265	$45,134,894	$-1,785,885
2019	$82,822,865	$81,133,758	$45,149,539	$1,689,107
2018	$66,468,276	$66,065,097	$10,154,334	$403,179

VALLEY HEALTH SYSTEM INC