Valley Hospital Foundation
Valley Hospital Foundation: Strong Assets, Fluctuating Revenue, and High Program Spending
EIN: 222324554 · Paramus, NJ · NTEE: E22I · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $40.7M |
| Total Expenses | $17.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $51.3M |
| Transparency Score | 85/100 |
Is Valley Hospital Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Valley Hospital Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Valley Hospital Foundation
Valley Hospital Foundation (EIN: 222324554) is a nonprofit organization based in Paramus, NJ, classified under NTEE code E22I. The organization reported total revenue of $40.7M and total assets of $59.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valley Hospital Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valley Hospital Foundation is a large nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.0M |
| Total Expenses | $17.8M |
| Surplus / Deficit | $-2,755,687 |
| Total Assets | $53.2M |
| Total Liabilities | $1.8M |
| Net Assets | $51.3M |
| Operating Margin | -18.4% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 35.9 months |
Financial Health Grade: B
In 2023, Valley Hospital Foundation reported a deficit of $2.8M with expenses exceeding revenue, holds 35.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Valley Hospital Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.8% | +7.1% | -0.5% |
| 2022 | -34.0% | -18.1% | -14.6% |
| 2021 | +18.6% | +0.7% | -2.5% |
| 2020 | -18.8% | -67.0% | -3.9% |
| 2019 | -43.3% | +694.5% | -35.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Hospital Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Valley Hospital Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $2.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 in the provided filings, suggesting that executive salaries are likely paid by the parent Valley Hospital system, not directly by the foundation.
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 Hospital Foundation's IRS 990 filings:
- Significant fluctuation in revenue, from a high of $33,662,111 in 2018 to a low of $9,907,023 in 2017, could indicate reliance on large, infrequent donations or grants.
- A substantial expense of $60,919,390 in 2019, significantly higher than revenue for that year, warrants further investigation into the nature of these expenditures.
Strengths
The following positive indicators were identified for Valley Hospital Foundation:
- Consistently strong asset base, with assets generally above $50 million, indicating financial stability.
- High percentage of spending directed towards programs (implied by high expenses relative to revenue and 0% compensation), suggesting efficient use of funds for its mission.
- The foundation maintains a healthy liquidity, with liabilities consistently low relative to assets.
Frequently Asked Questions about Valley Hospital Foundation
Is Valley Hospital Foundation a legitimate charity?
Valley Hospital Foundation (EIN: 222324554) 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: $40.7M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Valley Hospital Foundation spend its money?
Valley Hospital Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Valley Hospital Foundation tax-deductible?
Valley Hospital Foundation is registered as a tax-exempt nonprofit (EIN: 222324554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Valley Hospital Foundation CEO make?
Valley Hospital Foundation's highest-compensated officer earns $0 annually. The organization reported $40.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Valley Hospital Foundation's spending goes to programs?
Valley Hospital Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Valley Hospital Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Valley Hospital Foundation is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Valley Hospital Foundation located?
Valley Hospital Foundation is headquartered in Paramus, New Jersey and files with the IRS under EIN 222324554. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Valley Hospital Foundation have?
Valley Hospital Foundation 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 $40.7M in total revenue.
What does Valley Hospital Foundation do?
Valley Hospital Foundation is a nonprofit organization in the Health Care sector, located in Paramus, New Jersey. It is classified under NTEE code E22I.
How much revenue does Valley Hospital Foundation have?
Valley Hospital Foundation reported total revenue of $40,716,160. Based on 13 IRS 990 filings on record.
What are Valley Hospital Foundation's total assets?
Valley Hospital Foundation holds total assets of $59,525,708 as reported in IRS 990 filings.
Where is Valley Hospital Foundation located?
Valley Hospital Foundation is based in Paramus, New Jersey.
What is Valley Hospital Foundation's EIN?
Valley Hospital Foundation's Employer Identification Number (EIN) is 222324554. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Valley Hospital Foundation?
Valley Hospital Foundation is classified under NTEE code E22I (Health Care).
Is Valley Hospital Foundation a registered 501(c)(3)?
Yes, Valley Hospital Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222324554.
Does Valley Hospital Foundation file IRS Form 990?
Yes, Valley Hospital Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Valley Hospital Foundation's revenue in 2023?
In the 202312 filing period, Valley Hospital Foundation reported total revenue of $15,001,805, total expenses of $17,757,492, and net assets of $53,150,654.
Is Valley Hospital Foundation's revenue growing or declining?
Valley Hospital Foundation's revenue is growing. Revenue went from $12,118,940 (202212) to $15,001,805 (202312), a +23.8% change. Based on 13 filings on record.
What is Valley Hospital Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Valley Hospital Foundation covers tax period 202312. It shows revenue of $15,001,805, expenses of $17,757,492, total assets of $53,150,654, and liabilities of $1,806,560.
How much does Valley Hospital Foundation spend on programs vs administration?
Based on IRS 990 analysis, Valley Hospital Foundation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Valley Hospital Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Valley Hospital Foundation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Valley Hospital Foundation?
The following concerns were identified: Significant fluctuation in revenue, from a high of $33,662,111 in 2018 to a low of $9,907,023 in 2017, could indicate reliance on large, infrequent donations or grants.. A substantial expense of $60,919,390 in 2019, significantly higher than revenue for that year, warrants further investigation into the nature of these expenditures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Valley Hospital Foundation's strengths?
Positive indicators for Valley Hospital Foundation include: Consistently strong asset base, with assets generally above $50 million, indicating financial stability.. High percentage of spending directed towards programs (implied by high expenses relative to revenue and 0% compensation), suggesting efficient use of funds for its mission.. The foundation maintains a healthy liquidity, with liabilities consistently low relative to assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Valley Hospital Foundation compensate executives?
Executive compensation is consistently reported as $0 in the provided filings, suggesting that executive salaries are likely paid by the parent Valley Hospital system, not directly by the foundation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' compensation reported in all filings, how does the Valley Hospital Foundation ensure accountability and transparency regarding executive compensation if it is handled by the parent hospital system?
While the foundation itself reports $0 for executive compensation, the overall transparency of executive pay would depend on the Valley Hospital system's public disclosures. Without direct compensation from the foundation, it's crucial for the hospital system to provide clear information on how its executives, who may also oversee the foundation, are compensated.
What was the nature of the exceptionally high expense of $60,919,390 in 2019, and how was it funded given the reported revenue of $19,078,520 for that year?
The significant expense in 2019, far exceeding revenue, suggests a major capital project, a large grant disbursement, or a transfer of funds. It was likely funded by accumulated assets from prior years or a specific large, non-recurring donation not fully reflected in the annual revenue figure, indicating a strategic use of reserves or a pass-through transaction.
Filing History
IRS 990 filing history for Valley Hospital Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Valley Hospital Foundation's revenue has declined by 23.6%, moving from $19.6M to $15.0M. Total assets decreased by 24.7% over the same period, from $70.6M to $53.2M. Total functional expenses rose by 42.3%, from $12.5M to $17.8M. In its most recent filing year (2023), Valley Hospital Foundation reported a deficit of $2.8M, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $53.2M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $51.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.0M | $17.8M | $53.2M | $1.8M | — | — |
| 2022 | $12.1M | $16.6M | $53.4M | $2.0M | — | View 990 |
| 2021 | $18.4M | $20.2M | $62.5M | $1.9M | — | View 990 |
| 2020 | $15.5M | $20.1M | $64.1M | $1.8M | — | View 990 |
| 2019 | $19.1M | $60.9M | $66.7M | $1.6M | — | View 990 |
| 2018 | $33.7M | $7.7M | $103.8M | $1.6M | — | View 990 |
| 2017 | $9.9M | $9.6M | $82.8M | $1.8M | — | View 990 |
| 2016 | $15.8M | $14.3M | $79.2M | $1.3M | — | View 990 |
| 2015 | $11.9M | $12.8M | $77.4M | $1.0M | — | View 990 |
| 2014 | $9.1M | $7.3M | $80.2M | $1.5M | — | View 990 |
| 2013 | $15.0M | $5.4M | $78.3M | $1.5M | — | View 990 |
| 2012 | $8.9M | $10.6M | $69.6M | $1.4M | — | View 990 |
| 2011 | $19.6M | $12.5M | $70.6M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.0M, expenses of $17.8M, and assets of $53.2M (revenue +23.8% year-over-year).
- 2022: Revenue of $12.1M, expenses of $16.6M, and assets of $53.4M (revenue -34.0% year-over-year).
- 2021: Revenue of $18.4M, expenses of $20.2M, and assets of $62.5M (revenue +18.6% year-over-year).
- 2020: Revenue of $15.5M, expenses of $20.1M, and assets of $64.1M (revenue -18.8% year-over-year).
- 2019: Revenue of $19.1M, expenses of $60.9M, and assets of $66.7M (revenue -43.3% year-over-year).
- 2018: Revenue of $33.7M, expenses of $7.7M, and assets of $103.8M (revenue +239.8% year-over-year).
- 2017: Revenue of $9.9M, expenses of $9.6M, and assets of $82.8M (revenue -37.4% year-over-year).
- 2016: Revenue of $15.8M, expenses of $14.3M, and assets of $79.2M (revenue +32.6% year-over-year).
- 2015: Revenue of $11.9M, expenses of $12.8M, and assets of $77.4M (revenue +31.3% year-over-year).
- 2014: Revenue of $9.1M, expenses of $7.3M, and assets of $80.2M (revenue -39.6% year-over-year).
- 2013: Revenue of $15.0M, expenses of $5.4M, and assets of $78.3M (revenue +68.4% year-over-year).
- 2012: Revenue of $8.9M, expenses of $10.6M, and assets of $69.6M (revenue -54.5% year-over-year).
- 2011: Revenue of $19.6M, expenses of $12.5M, and assets of $70.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valley Hospital Foundation:
Data Sources and Methodology
This transparency report for Valley Hospital Foundation 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.