VALLEY PHYSICIAN SERVICES NY PC (EIN 453125678) - 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

2011

Legal Domicile

Principal Officer

AUDREY MEYERS

Phone

2014478000

Tax Period

2023-01-01 to 2023-12-31

VALLEY PHYSICIAN SERVICES NY PC, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $11.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO PROVIDE MEDICAL CARE AND TO CARRY OUT THE PURPOSES OF THE 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 $12,059

Program Service Revenue $11,342,391

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,354,450

Expense Breakdown

Grants Paid $323,263

Salaries & Benefits $8,423,965

Fundraising Expenses $0

Program Expenses $10,911,026

Other Expenses $2,607,222

TOTAL EXPENSES $11,354,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,354,450	$12,569,653	-0.1%
Expenses	$11,354,450	$12,569,652	-0.1%
Net Income	$0	$1	-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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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

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

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 ENT.	3.00	Officer	$0	$29,878	$1,559,711
WILLIAM KLUTKOWSKI	SR. VP, FINANCE & CFO	2.00	Officer	$0	$51,469	$1,130,575
SUNEET MITTAL	PHYSICIAN	40.00	Highest	$1,378,937	$68,048	$1,446,985
DAN MUSAT MD	PHYSICIAN	40.00	Highest	$659,466	$30,934	$690,400
TINA SICHROVSKY MD	PHYSICIAN	40.00	Highest	$647,185	$56,389	$703,574
ADVAY BHATT MD	PHYSICIAN	40.00	Highest	$568,412	$49,450	$617,862
MARK PREMINGER MD	PHYSICIAN	40.00	Highest	$500,581	$38,648	$539,229

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	$11,354,450	$11,354,450	$2,545,441	No data
2022	$12,569,653	$12,569,652	$2,370,017	$1
2021	$9,742,651	$9,742,650	$2,226,917	$1
2020	$8,811,608	$8,811,609	$3,073,417	$-1
2019	$8,106,516	$8,106,516	$2,426,850	No data
2018	$7,420,358	$7,639,793	$2,113,528	$-219,435

VALLEY PHYSICIAN SERVICES NY PC