Valley Health Care Corp
Valley Health Care Corp: Consistent Revenue, Minimal Program Spending
EIN: 222975002 · Somerville, NJ · NTEE: E99Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Net Assets | $2K |
| Transparency Score | 45/100 |
Is Valley Health Care Corp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Valley Health Care Corp
Valley Health Care Corp (EIN: 222975002) is a nonprofit organization based in Somerville, NJ, classified under NTEE code E99Z. The organization reported total revenue of $1.7M and total assets of $808K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valley Health Care Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valley Health Care Corp is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$0 |
| Total Assets | $1.1M |
| Total Liabilities | $1.1M |
| Net Assets | $2K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 99.8% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Valley Health Care Corp reported a surplus of $0 with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 99.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Valley Health Care Corp's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +1.6% | -3.1% |
| 2022 | -3.1% | -3.1% | -1.6% |
| 2021 | +1.3% | +1.3% | -1.1% |
| 2020 | -8.8% | -8.8% | -6.5% |
| 2019 | -0.9% | -0.9% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Valley Health Care Corp with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Valley Health Care Corp allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided data, and program expenses are consistently listed as 0%.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Valley Health Care Corp's IRS 990 filings:
- Consistent reporting of 0% program service expenses raises significant concerns about charitable activities.
- Revenue consistently equals expenses, which could indicate a lack of surplus for future initiatives or an accounting method that minimizes reported program spending.
- Assets have decreased from $1,490,078 in 2016 to $808,171 in 2023, indicating a shrinking financial base.
Strengths
The following positive indicators were identified for Valley Health Care Corp:
- Consistent revenue generation over several years, ranging from $1,621,375 to $2,076,746.
Frequently Asked Questions about Valley Health Care Corp
Is Valley Health Care Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Valley Health Care Corp (EIN: 222975002) significant concerns. Mission Score: 45/100. 3 red flags identified, 1 strength noted.
How does Valley Health Care Corp spend its money?
Detailed spending breakdown data is not yet available for Valley Health Care Corp. Check back for updated IRS 990 analysis.
Are donations to Valley Health Care Corp tax-deductible?
Valley Health Care Corp is registered as a tax-exempt nonprofit (EIN: 222975002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Valley Health Care Corp compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Valley Health Care Corp is near average for NTEE category E99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Valley Health Care Corp located?
Valley Health Care Corp is headquartered in Somerville, New Jersey and files with the IRS under EIN 222975002. It is classified under NTEE code E99Z.
How many years of IRS 990 filings does Valley Health Care Corp have?
Valley Health Care Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
What does Valley Health Care Corp do?
Valley Health Care Corp is a nonprofit organization in the Health Care sector, located in Somerville, New Jersey. It is classified under NTEE code E99Z.
How much revenue does Valley Health Care Corp have?
Valley Health Care Corp reported total revenue of $1,693,041. Based on 13 IRS 990 filings on record.
What are Valley Health Care Corp's total assets?
Valley Health Care Corp holds total assets of $808,171 as reported in IRS 990 filings.
Where is Valley Health Care Corp located?
Valley Health Care Corp is based in Somerville, New Jersey.
What is Valley Health Care Corp's EIN?
Valley Health Care Corp's Employer Identification Number (EIN) is 222975002. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Valley Health Care Corp?
Valley Health Care Corp is classified under NTEE code E99Z (Health Care).
Is Valley Health Care Corp a registered 501(c)(3)?
Yes, Valley Health Care Corp is recognized as a tax-exempt organization by the IRS. EIN: 222975002.
Does Valley Health Care Corp file IRS Form 990?
Yes, Valley Health Care Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Valley Health Care Corp's revenue in 2023?
In the 202312 filing period, Valley Health Care Corp reported total revenue of $1,647,397, total expenses of $1,647,397, and net assets of $1,056,400.
Is Valley Health Care Corp's revenue growing or declining?
Valley Health Care Corp's revenue is relatively stable. Revenue went from $1,621,375 (202212) to $1,647,397 (202312), a +1.6% change. Based on 13 filings on record.
What is Valley Health Care Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Valley Health Care Corp covers tax period 202312. It shows revenue of $1,647,397, expenses of $1,647,397, total assets of $1,056,400, and liabilities of $1,054,515.
Is Valley Health Care Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Valley Health Care Corp shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for Valley Health Care Corp?
The following concerns were identified: Consistent reporting of 0% program service expenses raises significant concerns about charitable activities.. Revenue consistently equals expenses, which could indicate a lack of surplus for future initiatives or an accounting method that minimizes reported program spending.. Assets have decreased from $1,490,078 in 2016 to $808,171 in 2023, indicating a shrinking financial base.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Valley Health Care Corp's strengths?
Positive indicators for Valley Health Care Corp include: Consistent revenue generation over several years, ranging from $1,621,375 to $2,076,746.. These findings are derived from AI analysis of the organization's financial filings.
How does Valley Health Care Corp compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided data, and program expenses are consistently listed as 0%. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Valley Health Care Corp?
• The organization consistently reports 0% program service expenses across all available filings. • Revenue and expenses are nearly identical in all reported years, suggesting a break-even operational model. • Assets have shown a gradual decline over the past several years. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent 0% program service expenses, how does Valley Health Care Corp fulfill its stated mission as a 'health care corp'?
The data provided indicates that all reported expenses are administrative, with no funds directly allocated to programs. This suggests that the organization's 'health care' activities, if any, are either not categorized as program services or are funded through other means not reflected in these filings.
What is the implication of revenue consistently matching expenses (e.g., $1,647,397 revenue vs. $1,647,397 expenses in 2023)?
This pattern suggests that the organization operates on a break-even basis, with all incoming revenue being spent. While not inherently negative, when combined with 0% program spending, it implies that the organization is not accumulating resources for charitable programs or future growth, and its primary function appears to be administrative rather than service delivery.
Filing History
IRS 990 filing history for Valley Health Care Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Valley Health Care Corp's revenue has declined by 11%, moving from $1.9M to $1.6M. Total assets decreased by 29.2% over the same period, from $1.5M to $1.1M. Total functional expenses fell by 11%, from $1.9M to $1.6M. In its most recent filing year (2023), Valley Health Care Corp reported a surplus of $0, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $1.1M in assets (debt-to-asset ratio: 99.8%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $1.1M | $1.1M | — | View 990 |
| 2022 | $1.6M | $1.6M | $1.1M | $1.1M | — | View 990 |
| 2021 | $1.7M | $1.7M | $1.1M | $1.1M | — | View 990 |
| 2020 | $1.7M | $1.7M | $1.1M | $1.1M | — | View 990 |
| 2019 | $1.8M | $1.8M | $1.2M | $1.2M | — | View 990 |
| 2018 | $1.8M | $1.8M | $1.3M | $1.3M | — | View 990 |
| 2017 | $2.0M | $2.0M | $1.3M | $1.3M | — | View 990 |
| 2016 | $2.1M | $2.1M | $1.5M | $1.5M | — | View 990 |
| 2015 | $2.1M | $2.1M | $1.4M | $1.4M | — | View 990 |
| 2014 | $1.9M | $1.9M | $1.3M | $1.3M | — | View 990 |
| 2013 | $1.9M | $1.9M | $1.5M | $1.5M | — | View 990 |
| 2012 | $1.9M | $1.9M | $1.5M | $1.5M | — | View 990 |
| 2011 | $1.9M | $1.9M | $1.5M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $1.1M (revenue +1.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $1.1M (revenue -3.1% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $1.1M (revenue +1.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.7M, and assets of $1.1M (revenue -8.8% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $1.2M (revenue -0.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $1.3M (revenue -6.3% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.0M, and assets of $1.3M (revenue -6.1% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.1M, and assets of $1.5M (revenue -0.5% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $1.4M (revenue +8.4% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $1.3M (revenue -0.2% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $1.5M (revenue +2.7% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $1.5M (revenue +1.5% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.9M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valley Health Care Corp:
Data Sources and Methodology
This transparency report for Valley Health Care Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.