VALLEY PHYSICIAN SERVICES INC (EIN 320041186) - 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

2002

Legal Domicile

Principal Officer

AUDREY MEYERS

Phone

2014478000

Tax Period

2023-01-01 to 2023-12-31

VALLEY PHYSICIAN SERVICES INC, founded in 2002, is a major nonprofit in the Health Care sector that reported $147.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $133.2M left a modest 9% surplus.

Mission

TO PROVIDE MANAGEMENT SERVICES TO RELATED PHYSICIAN SERVICE ORGANIZATIONS WITHIN VALLEY HEALTH SYSTEM, INC.

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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 $132,585,877

Program Service Revenue $14,615,142

Investment Income $0

Other Revenue $2,114

TOTAL REVENUE $147,203,133

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $64,017,058

Fundraising Expenses $0

Program Expenses $95,791,110

Other Expenses $68,218,060

TOTAL EXPENSES $133,235,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,203,133	$128,587,810	+0.1%
Expenses	$133,235,118	$128,703,563	+0.0%
Net Income	$13,968,015	$-115,753	-121.7%

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

980

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

$996,502

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
ROBERT W BRENNER PRESIDENT	CLINICAL INTEGRATION/PHYSICIAN ENTERPRISE	4.00	Officer	$0	$29,878	$1,559,711
WILLIAM KLUTKOWSKI	SR. VP, FINANCE & CFO	2.00	Officer	$0	$51,469	$1,130,575
JULIA KARCHER	SR. VP OF VHS/VMG	35.00	Key Emp	$0	$46,102	$745,588
LOURDES HIDALGO-GATO	EXECUTIVE DIRECTOR, VMG OPERATIONS	40.00	Key Emp	$222,147	$28,767	$250,914
CAROL PERSLEY DIRECTOR	AMBULATORY SVC LINE CARDIOLOGY	40.00	Highest	$175,652	$19,196	$194,848
NATASH SINGH SPECIALTY	CLINICAL PHARMACY SPECIALIST	40.00	Highest	$156,413	$13,725	$170,138
NICOLE BURNS	SR. EMBRYOLOGIST COORDINATOR	40.00	Highest	$148,409	$20,706	$169,115
PAMELA HOFMANN DIRECTOR	AMBULATORY SVC LINE SURGICAL SVCS	40.00	Highest	$147,563	$16,632	$164,195
CAROL REGARDIZ DIRECTOR	AMBULATORY SVC LINE WOMEN'S & CHILDREN'S	40.00	Highest	$147,422	$30,594	$178,016

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	$147,203,133	$133,235,118	$147,448,416	$13,968,015
2022	$128,587,810	$128,703,563	$100,915,941	$-115,753
2021	$118,274,692	$118,255,224	$110,045,746	$19,468
2020	$106,343,555	$106,089,689	$120,627,117	$253,866
2019	$105,504,698	$105,584,692	$105,683,909	$-79,994
2018	$98,168,230	$97,678,577	$36,799,073	$489,653

VALLEY PHYSICIAN SERVICES INC