VALLEY HOME CARE INC

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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

1986

Legal Domicile

Principal Officer

WILLIAM KLUTKOWSKI

Phone

2012916000

Tax Period

2023-01-01 to 2023-12-31

VALLEY HOME CARE INC, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $68.8M in total revenue in fiscal year 2023. Expenses of $60.5M left a modest 12% surplus.

Mission

THE MISSION OF VALLEY HOME CARE, WHICH IS PART OF THE VALLEY HEALTH SYSTEM, IS TO SUPPORT THE INTEGRATED DELIVERY OF HEALTH AND WELLNESS PROGRAMS TO POPULATIONS WITHIN OUR SERVICE AREA. VALLEY HOME CARE RESPONDS TO THE CHANGING HEALTH CARE NEEDS OF OUR COMMUNITY WITH FLEXIBILITY AND INNOVATION TO UNDERTAKE THOSE SERVICES WHERE WE CAN MAINTAIN THE HIGHEST STANDARDS OF PRACTICE IN A FISCALLY RESPONSIBLE MANNER.

Program Service Accomplishments

Program 1

Expenses: $26,526,132 Revenue: $42,142,093

VALLEY HOME CARE PROVIDES IN HOME MEDICAL CARE TO THE RESIDENTS OF PASSAIC AND BERGEN COUNTY. IN 2023, VALLEY HOME CARE MADE AN ESTIMATED 197,000 HOME VISITS TO OVER 12,000 PATIENTS. THESE PATIENTS WITH A MULTITUDE OF MEDICAL CONDITIONS VARY IN AGE FROM NEW BORN TO THE ELDERLY. THE VAST MAJORITY (75%) OF THESE PATIENTS ARE MEDICARE AND MEDICAID PARTICIPANTS WITH THE BALANCE OF THE PATIENTS BEING COMMERCIAL INSURANCE, SELF PAY OR CHARITY CARE. VALLEY HOME CARE PROVIDES THIS CARE WITH OVER 400 DEDICATED STAFF MEMBERS, INCLUDING NURSES, THERAPISTS, SOCIAL WORKERS, HOME HEALTH AIDES AND VARIOUS SPECIALTY CLINICIANS. VALLEY HOME CARE, INC'S THREE MAIN HOME CARE PROGRAMS ARE THE ADULT HOME CARE PROGRAM, THE MATERNAL CHILD HEALTH PROGRAM AND THE HOSPICE PROGRAM.THE ADULT HOME CARE PROGRAM PROVIDES HOME CARE SERVICES TO THOSE PATIENTS OVER EIGHTEEN YEARS OLD. THE MAJORITY OF THE PATIENTS IN THIS PROGRAM ARE THE ELDERLY WHO ARE MEDICALLY HOME BOUND AND IN NEED OF MEDICAL ASSISTANCE IN THE HOME. IN MANY CASES THESE PATIENTS LIVE ALONE AND VALLEY HOME CARE IS THEIR LIFE LINE TO MEDICAL CARE. THIS CARE IS PROVIDED BY NURSES, THERAPISTS, SOCIAL WORKERS, HOME HEALTH AIDES AND VARIOUS SPECIALTY CLINICIANS. VALLEY HOME CARE HAS INVESTED SIGNIFICANT RESOURCES TO ASSURE THAT OUR CLINICAL STAFF HAS BOTH THE PROPER TRAINING AND TECHNOLOGY NEEDED TO HANDLE THE COMPLICATED IN HOME MEDICAL NEEDS OF OUR PATIENTS.

Program 2

Expenses: $17,172,189 Revenue: $22,643,563

THE VALLEY HOSPICE PROVIDES END OF LIFE CARE TO PATIENTS IN PASSAIC AND BERGEN COUNTY. THE VALLEY HOSPICE ASSISTS OVER 1,380 PATIENTS AND FAMILIES MAKES OVER 80,000 HOME VISITS EACH YEAR. THE VALLEY HOSPICE NOT ONLY PROVIDES COMFORT AND MEDICAL CARE TO ITS PATIENTS WITH HIGHLY TRAINED CLINICAL STAFF, BUT ALSO HELPS THE FAMILY IN COPING WITH THE LOSS OF A LOVED ONE. THIS IS ACCOMPLISHED THROUGH MANY PROGRAMS WHICH ARE AVAILABLE SUCH AS THE BEREAVEMENT PROGRAM, WHICH HELPS THE FAMILY COPE WITH THE SITUATION. ALSO, THE JOURNEYS PROGRAM, WHICH IS AN ART THERAPY PROGRAM TO HELP THE CHILDREN AND SIBLINGS DEAL WITH THE LOSS OF A LOVED ONE.

Program 3

Expenses: $2,113,027 Revenue: $1,394,255

VALLEY HOME CARE PROVIDES OUTPATIENT REHABILITATION SERVICES WITH OVER 12,750 VISITS PROVIDED TO PATIENTS, HELPING THEM TO STAY IN THEIR HOME.

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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 $469,793

Program Service Revenue $66,944,174

Investment Income $1,398,814

Other Revenue $5,458

TOTAL REVENUE $68,818,239

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $48,612,755

Fundraising Expenses $0

Program Expenses $46,801,380

Other Expenses $10,902,640

TOTAL EXPENSES $60,515,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,818,239	$66,272,594	+0.0%
Expenses	$60,515,395	$58,821,522	+0.0%
Net Income	$8,302,844	$7,451,072	+0.1%

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

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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

512

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

$5,622,722

Total Directors

$2,932,436

Key Employees

$493,093

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUDREY MEYERS	PRESIDENT & CEO, VHS	1.80	Officer Director	$0	$52,035	$2,932,436
KEVIN LOBO	CHAIR	0.10	Officer Director	$0	$0	$0
ANN LIMBERG	VICE CHAIR	0.10	Officer Director	$0	$0	$0
FRANK J SHEEHY	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
VINCENT FORLENZA	CHAIR EMERITUS	0.10	Director	$0	$0	$0
JUDY BASELICE	TRUSTEE	0.10	Director	$0	$0	$0
JAMES BUSH	TRUSTEE	0.10	Director	$0	$0	$0
MICHELLE HASSON	TRUSTEE	0.10	Director	$0	$0	$0
M SHAWN KENNEDY	TRUSTEE	0.10	Director	$0	$0	$0
BRUCE MACTAS	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
EDWARD B SELF MD	TRUSTEE	0.10	Director	$0	$0	$0
STEVEN SILVERSTEIN	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
WILLIAM KLUTKOWSKI	SR. VP, FINANCE & CFO	2.00	Officer	$0	$51,469	$1,130,575
ROBERT W BRENNER PRESIDENT	CLINICAL INTEGRATION/PHYSICIAN ENT.	8.00	Officer	$0	$29,878	$1,559,711
TONI MODAK	VICE PRESIDENT, VHS	40.00	Key Emp	$0	$35,624	$493,093
RAMZI ISSA	ADMISSION NURSE	40.00	Highest	$263,171	$2,372	$265,543
ROSEMARIE RANURO	DIRECTOR, CLINCAL SERVICES	40.00	Highest	$235,937	$38,452	$274,389
JOSEPH P SO	PHYSICAL THERAPIST	40.00	Highest	$187,938	$39,706	$227,644
DOEHEE KIM	PHYSICAL THERAPIST	40.00	Highest	$176,255	$43,339	$219,594
FARIBA HAGHSHENAS	DIRECTOR	40.00	Highest	$281,449	$2,489	$283,938

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	No data	No data	No data	No data
2023	$68,818,239	$60,515,395	$85,226,459	$8,302,844
2022	$66,272,594	$58,821,522	$70,208,195	$7,451,072
2021	$64,068,063	$51,714,582	$68,097,114	$12,353,481
2020	$56,228,365	$48,379,120	$64,031,037	$7,849,245
2019	$58,015,781	$79,580,051	$45,838,156	$-21,564,270
2018	$55,912,472	$48,468,097	$64,174,208	$7,444,375