VALLEY HOME CARE INC (EIN 223208480) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

VALLEY HOME CARE PROVIDES AN INTEGRATED DELIVERY OF BOTH HOME HEALTH AND WELLNESS PROGRAMS TO ITS SERVICE AREA OF PASSAIC AND BERGEN COUNTIES 24 HOURS A DAY SEVEN DAYS A WEEK. IN 2023, THIS CARE INCLUDED OVER 280,000 HOME VISITS PROVIDED BY A DEDICATED AND WELL EDUCATED STAFF INCLUDING NURSES, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, HOME HEALTH AIDES, SOCIAL WORKERS AND SPECIALTY CLINICIANS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

VALLEY HOME CARE INC