VALLEY PHYSICIANS SERVICES PC (EIN 465285330) - 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

2014

Legal Domicile

Principal Officer

ROBERT W BRENNER

Phone

2012916000

Tax Period

2023-01-01 to 2023-12-31

VALLEY PHYSICIANS SERVICES PC, founded in 2014, is a major nonprofit in the Health Care sector that reported $208.2M in total revenue in fiscal year 2023.

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 $454,857

Program Service Revenue $207,769,450

Investment Income $0

Other Revenue $0

TOTAL REVENUE $208,224,307

Expense Breakdown

Grants Paid $27,076,288

Salaries & Benefits $143,812,302

Fundraising Expenses $0

Program Expenses $182,192,954

Other Expenses $37,335,717

TOTAL EXPENSES $208,224,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,224,307	$200,994,425	+0.0%
Expenses	$208,224,307	$204,135,773	+0.0%
Net Income	$0	$-3,141,348	-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

509

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

$6,996,145

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 ENTERPRISE	3.00	Officer	$0	$29,878	$1,559,711
WILLIAM KLUTKOWSKI	SR. VP, FINANCE & CFO	2.00	Officer	$0	$51,469	$1,130,575
PUNEETA SHARMA	CHIEF MEDICAL OFFICER, VMG	40.00	Officer	$571,844	$33,791	$605,635
GERALD SOTSKY	CHAIR, CARDIOLOGY SERVICES	40.00	Officer	$717,269	$50,519	$767,788
JUAN GRAU	DIRECTOR, CARDIOTHORACIC SURGERY	40.00	Highest	$1,644,026	$46,954	$1,690,980
PAUL BURNS	SURGICAL DIRECTOR, HEART FAILURE	40.00	Highest	$1,465,271	$29,415	$1,494,686
MICHAEL RAHMIN MD	PHYSICIAN	40.00	Highest	$1,198,374	$35,062	$1,233,436
THOMAS AHLBORN MD	CHAIR, SURGICAL SERVICES	40.00	Highest	$1,146,034	$44,458	$1,190,492
ALEX ZAPOLANSKI	PHYSICIAN	40.00	Highest	$1,006,876	$32,424	$1,039,300

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	$208,224,307	$208,224,307	$24,434,404	No data
2022	$200,994,425	$204,135,773	$26,604,976	$-3,141,348
2021	$185,170,254	$188,262,236	$21,972,839	$-3,091,982
2020	$156,131,506	$158,376,597	$24,664,339	$-2,245,091
2019	$162,443,746	$163,219,483	$20,787,942	$-775,737
2018	$149,157,797	$149,157,797	$14,158,195	No data

VALLEY PHYSICIANS SERVICES PC