Valley Health System Inc
Valley Health System Inc: Strong Revenue Growth, High Executive Compensation
EIN: 222922016 · Paramus, NJ · NTEE: E70 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $126.9M |
| Total Expenses | $129.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $3.5M |
| Transparency Score | 85/100 |
Is Valley Health System Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Valley Health System Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Valley Health System Inc
Valley Health System Inc (EIN: 222922016) is a nonprofit organization based in Paramus, NJ, classified under NTEE code E70. The organization reported total revenue of $126.9M and total assets of $49.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valley Health System Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valley Health System Inc is a major nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 40.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128.5M |
| Total Expenses | $129.6M |
| Surplus / Deficit | $-1,046,449 |
| Total Assets | $32.8M |
| Total Liabilities | $29.2M |
| Net Assets | $3.5M |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 89.2% |
| Months of Reserves | 3.0 months |
Financial Health Grade: C
In 2023, Valley Health System Inc reported a deficit of $1.0M with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 89.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Valley Health System Inc's revenue has grown at a compound annual growth rate (CAGR) of 40.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.7% | +25.4% | -44.0% |
| 2022 | -2.6% | -8.1% | +9.3% |
| 2021 | +30.2% | +35.4% | +18.7% |
| 2020 | -1.9% | +2.4% | +-0.0% |
| 2019 | +24.6% | +22.8% | +344.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 System Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Valley Health System Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 89.2%.
Executive Compensation Analysis
Executive compensation appears high, with the CEO receiving over $1.2 million in 2022, which warrants further scrutiny given the organization's mission.
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 System Inc's IRS 990 filings:
- Significant increase in executive compensation over recent years.
- Operating expenses exceeded revenue in 2021 and 2022, indicating potential financial strain or strategic investments.
Strengths
The following positive indicators were identified for Valley Health System Inc:
- Consistent revenue growth over the past several years, demonstrating financial stability.
- Strong asset base, indicating good financial health.
- Clear and accessible financial reporting.
Frequently Asked Questions about Valley Health System Inc
Is Valley Health System Inc a legitimate charity?
Valley Health System Inc (EIN: 222922016) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $126.9M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Valley Health System Inc spend its money?
Valley Health System Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Valley Health System Inc tax-deductible?
Valley Health System Inc is registered as a tax-exempt nonprofit (EIN: 222922016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Valley Health System Inc CEO make?
Valley Health System Inc's highest-compensated officer earns $1.2 annually. The organization reported $126.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Valley Health System Inc's spending goes to programs?
Valley Health System Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Valley Health System Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Valley Health System Inc is above average for NTEE category E70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Valley Health System Inc located?
Valley Health System Inc is headquartered in Paramus, New Jersey and files with the IRS under EIN 222922016. It is classified under NTEE code E70.
How many years of IRS 990 filings does Valley Health System Inc have?
Valley Health System Inc 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 $126.9M in total revenue.
What does Valley Health System Inc do?
Valley Health System Inc is a nonprofit organization in the Health Care sector, located in Paramus, New Jersey. It is classified under NTEE code E70.
How much revenue does Valley Health System Inc have?
Valley Health System Inc reported total revenue of $126,857,689. Based on 13 IRS 990 filings on record.
What are Valley Health System Inc's total assets?
Valley Health System Inc holds total assets of $49,538,141 as reported in IRS 990 filings.
Where is Valley Health System Inc located?
Valley Health System Inc is based in Paramus, New Jersey.
What is Valley Health System Inc's EIN?
Valley Health System Inc's Employer Identification Number (EIN) is 222922016. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Valley Health System Inc?
Valley Health System Inc is classified under NTEE code E70 (Health Care).
Is Valley Health System Inc a registered 501(c)(3)?
Yes, Valley Health System Inc is recognized as a tax-exempt organization by the IRS. EIN: 222922016.
Does Valley Health System Inc file IRS Form 990?
Yes, Valley Health System Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Valley Health System Inc's revenue in 2023?
In the 202312 filing period, Valley Health System Inc reported total revenue of $128,515,021, total expenses of $129,561,470, and net assets of $32,780,884.
Is Valley Health System Inc's revenue growing or declining?
Valley Health System Inc's revenue is growing. Revenue went from $103,066,284 (202212) to $128,515,021 (202312), a +24.7% change. Based on 13 filings on record.
What is Valley Health System Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Valley Health System Inc covers tax period 202312. It shows revenue of $128,515,021, expenses of $129,561,470, total assets of $32,780,884, and liabilities of $29,243,571.
How much does Valley Health System Inc spend on programs vs administration?
Based on IRS 990 analysis, Valley Health System Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Valley Health System Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Valley Health System Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Valley Health System Inc?
The following concerns were identified: Significant increase in executive compensation over recent years.. Operating expenses exceeded revenue in 2021 and 2022, indicating potential financial strain or strategic investments.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Valley Health System Inc's strengths?
Positive indicators for Valley Health System Inc include: Consistent revenue growth over the past several years, demonstrating financial stability.. Strong asset base, indicating good financial health.. Clear and accessible financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Valley Health System Inc compensate executives?
Executive compensation appears high, with the CEO receiving over $1.2 million in 2022, which warrants further scrutiny given the organization's mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant increase in total expenses from $66,065,097 in 2018 to $129,561,470 in 2023, and how does this align with program expansion versus administrative overhead?
The substantial increase in expenses could be attributed to expansion of services, facility upgrades, or increased operational costs. A detailed analysis of program service expenses versus administrative and fundraising expenses from the Form 990s would clarify the allocation and impact on mission delivery.
Given the reported revenue of $128,515,021 and expenses of $129,561,470 in 2023, what strategies are in place to ensure long-term financial sustainability and avoid operating deficits?
While the 2023 figures show a slight operating deficit, the organization has demonstrated strong revenue growth in previous years. Strategies likely include cost containment measures, diversification of funding sources, and continued investment in revenue-generating programs to ensure future sustainability.
Filing History
IRS 990 filing history for Valley Health System Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Valley Health System Inc's revenue has grown by 5874.3%, moving from $2.2M to $128.5M. Total assets increased by 5372.9% over the same period, from $599K to $32.8M. Total functional expenses rose by 5922.9%, from $2.2M to $129.6M. In its most recent filing year (2023), Valley Health System Inc reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $29.2M in liabilities against $32.8M in assets (debt-to-asset ratio: 89.2%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128.5M | $129.6M | $32.8M | $29.2M | — | — |
| 2022 | $103.1M | $103.3M | $58.6M | $54.0M | — | View 990 |
| 2021 | $105.9M | $112.5M | $53.6M | $50.5M | — | View 990 |
| 2020 | $81.3M | $83.1M | $45.1M | $43.8M | — | View 990 |
| 2019 | $82.8M | $81.1M | $45.1M | $44.1M | — | View 990 |
| 2018 | $66.5M | $66.1M | $10.2M | $9.0M | — | View 990 |
| 2017 | $65.2M | $65.2M | $11.3M | $10.5M | — | View 990 |
| 2016 | $2.8M | $2.8M | $1.2M | $125K | — | View 990 |
| 2015 | $2.6M | $2.6M | $1.0M | $0 | — | View 990 |
| 2014 | $2.6M | $2.6M | $1.1M | $0 | — | View 990 |
| 2013 | $2.2M | $2.2M | $1.8M | $0 | — | View 990 |
| 2012 | $2.2M | $2.2M | $1.5M | $0 | — | View 990 |
| 2011 | $2.2M | $2.2M | $599K | $767K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128.5M, expenses of $129.6M, and assets of $32.8M (revenue +24.7% year-over-year).
- 2022: Revenue of $103.1M, expenses of $103.3M, and assets of $58.6M (revenue -2.6% year-over-year).
- 2021: Revenue of $105.9M, expenses of $112.5M, and assets of $53.6M (revenue +30.2% year-over-year).
- 2020: Revenue of $81.3M, expenses of $83.1M, and assets of $45.1M (revenue -1.9% year-over-year).
- 2019: Revenue of $82.8M, expenses of $81.1M, and assets of $45.1M (revenue +24.6% year-over-year).
- 2018: Revenue of $66.5M, expenses of $66.1M, and assets of $10.2M (revenue +1.9% year-over-year).
- 2017: Revenue of $65.2M, expenses of $65.2M, and assets of $11.3M (revenue +2195.5% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.8M, and assets of $1.2M (revenue +8.0% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.6M, and assets of $1.0M (revenue +1.6% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.6M, and assets of $1.1M (revenue +18.1% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.2M, and assets of $1.8M (revenue -2.2% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.2M, and assets of $1.5M (revenue +4.2% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.2M, and assets of $599K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valley Health System Inc:
Data Sources and Methodology
This transparency report for Valley Health System Inc 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.