VALLEY PHYSICIAN SERVICES PC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- VALLEY PHYSICIAN SERVICES PC (EIN 46-5285330)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202023219349307407
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T10:58:38-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 TICE BOULEVARD SUITE 315 | AddressLine1Txt |
| City | WOODCLIFF LAKE | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07677 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 465285330 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALLEY PHYSICIANS SERVICES PC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VALL | BusinessNameControlTxt |
| Phone | 2012916000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 ESSEX ROAD NO 506 | AddressLine1Txt |
| City | PARAMUS | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07652 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID STRASSBERG MD | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2012916000 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EDWARD G O'CONNOR | PreparerPersonNm |
| PTIN | P00434443 | PTIN |
| Phone | 2017129800 | PhoneNum |
| Preparation | 2020-11-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAVID STRASSBERG MD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 ESSEX ROAD NO 506 | AddressLine1Txt |
| City | PARAMUS | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07652 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $162,443,746 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.VALLEYHEALTH.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | VALLEY PHYSICIANS SERVICES, P.C. WAS FORMED TO PROVIDE MEDICAL CARE AND TO CARRY OUT THE PURPOSES OF THE VALLEY HEALTH SYSTEM, INC. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 416 | TotalEmployeeCnt |
| Total Volunteers | 32 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $318,156 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $149,157,797 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $162,125,590 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $149,157,797 | PYTotalRevenueAmt |
| CY Total Revenue | $162,443,746 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $25,867,861 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $111,468,504 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $114,742,256 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $37,689,293 | PYOtherExpensesAmt |
| CY Other Expenses | $22,609,366 | CYOtherExpensesAmt |
| PY Total Expenses | $149,157,797 | PYTotalExpensesAmt |
| CY Total Expenses | $163,219,483 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$775,737 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,158,195 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,787,942 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $19,928,708 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $27,334,192 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$5,770,513 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$6,546,250 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO ENGAGE IN THE RENDERING OF PROFESSIONAL SERVICES OF AND RELATED TO THE PRACTICE OF MEDICINE PURSUANT TO " THE PROFESSIONAL SERVICES CORPORATION ACT, AND TO SUPPORT AND CARRY OUT THE CHARITABLE PURPOSE OF VALLEY HEALTH SYSTEM, INC. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $154,546,861 | ExpenseAmt |
| Grant | $25,867,861 | GrantAmt |
| Revenue | $162,443,746 | RevenueAmt |
| Desc | VALLEY PHYSICIAN SERVICES, P.C. RENDERED MEDICAL CARE TO A TOTAL OF 208,710 PATIENTS. MEDICAL CARE PROVIDED WERE IN THE FIELDS OF FAMILY MEDICINE, INTERNAL MEDICINE, CARDIOLOGY, OB/GYN, URGENT CARE AND ENDOCRINOLOGY. VALLEY PHYSICIAN SERVICES, P.C. ALSO PROVIDES STRATEGIC PROGRAMS TO VALLEY HOSPITAL, INC. | Desc |
| Total Program Service Expenses | $154,546,861 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 4 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 416 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIETTA STONE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2012916391 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 ESSEX ROAD | AddressLine1Txt |
| City | PARAMUS | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07652 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|---|
| JOHN GONCALVES MD | ||||||||
| DIRECTOR CARDIAC SURGERY | 40.00 | Yes (X) | $2,086,864 | $0 | $32,145 | |||
| ALEX ZAPOLANSKI MD | ||||||||
| PHYSICIAN | 40.00 | Yes (X) | $1,778,994 | $0 | $33,280 | |||
| AUDREY MEYERS | ||||||||
| PRESIDENT & CEO | 0.50 | $0 | $1,710,491 | $43,337 | 40.00 | Yes (X) | Yes (X) | |
| THOMAS AHLBORN MD | ||||||||
| CHAIR, SURGICAL SERVICES | 40.00 | Yes (X) | $1,266,827 | $0 | $32,385 | |||
| MICHAEL RAHMIN MD | ||||||||
| PHYSICIAN | 40.00 | Yes (X) | $989,666 | $0 | $42,479 | |||
| GAIL MATTHEWS MD | ||||||||
| TREAS. THRU 6/30/19 & PHYSICIAN | 40.00 | $870,941 | $0 | $20,060 | 0.50 | Yes (X) | Yes (X) | |
| ROBERT KORST MD | ||||||||
| CHIEF OF ONCOLOGY SURGERY | 40.00 | Yes (X) | $844,298 | $0 | $46,859 | |||
| MARC MELAMED MD | ||||||||
| SECY. THRU 5/21/19 & PHYSICIAN | 40.00 | $561,230 | $0 | $25,057 | 0.50 | Yes (X) | Yes (X) | |
| DAVID STRASSBERG MD | ||||||||
| PRES. THRU 6/30/19 & PHYSICIAN | 40.00 | $512,917 | $0 | $20,745 | 0.50 | Yes (X) | Yes (X) | |
| VINCENT FORLENZA | ||||||||
| CHAIRMAN | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | Yes (X) | |
| FRANK SHEEHY | ||||||||
| VICE CHAIRMAN | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | Yes (X) | |
| ANN LIMBERG | ||||||||
| SECRETARY | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | Yes (X) | |
| JOSEPH MARION | ||||||||
| TREASURER | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | Yes (X) | |
| JUDY BASELICE | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| MICHELLE HASSON | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| KEVIN LOBO | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| BRUCE MACTAS | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| BARNETT RUKIN | ||||||||
| TRUSTEE, THRU 12/18/19 | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| DUANE SACHS | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| DENIS SALAMONE | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| SCOTT SCHROEDER | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| EDWARD SELF MD | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| STEVEN SILVERSTEIN | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| JEFFREY TUCKER | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| PATRICIA VERDUIN | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| WAYNE WALD ESQ | ||||||||
| TRUSTEE | 0.50 | $0 | $0 | $0 | 0.50 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,911,737 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,710,491 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $296,347 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 304 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SELTZER MD LAWRENCE | |||||
| 215 HARRISON AVE | WESTFIELD | NJ | 07090 | MEDICAL CONSULTANT | $495,044 |
| PROGRESSIVE RADIOLOGY LLC | |||||
| 86 CLINTON AVE | MONTCLAIR | NJ | 07042 | MEDICAL CONSULTING | $473,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $318,156 | RelatedOrganizationsAmt |
| Total Contributions | $318,156 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| NET PATIENT SERVICE REVENUE | 624100 | $141,032,049 | $141,032,049 |
| MEDICAL FEE REVENUE | 624100 | $21,093,541 | $21,093,541 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $162,125,590 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $162,443,746 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $162,125,590 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,867,861 | TotalAmt |
| Program Services | $25,867,861 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,010,949 | TotalAmt |
| Program Services | $1,946,689 | ProgramServicesAmt |
| Management And General | $64,260 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,034,345 | TotalAmt |
| Program Services | $100,725,232 | ProgramServicesAmt |
| Management And General | $3,309,113 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,527,715 | TotalAmt |
| Program Services | $2,441,899 | ProgramServicesAmt |
| Management And General | $85,816 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,861,547 | TotalAmt |
| Program Services | $1,790,450 | ProgramServicesAmt |
| Management And General | $71,097 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,307,700 | TotalAmt |
| Program Services | $4,181,414 | ProgramServicesAmt |
| Management And General | $126,286 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,870,521 | TotalAmt |
| Program Services | $1,870,521 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,597 | TotalAmt |
| Program Services | $12,597 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,890,503 | TotalAmt |
| Program Services | $11,265,610 | ProgramServicesAmt |
| Management And General | $4,624,893 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,004 | TotalAmt |
| Program Services | $13,004 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,268 | TotalAmt |
| Program Services | $33,965 | ProgramServicesAmt |
| Management And General | $380,303 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,377 | TotalAmt |
| Program Services | $32,473 | ProgramServicesAmt |
| Management And General | $904 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,369 | TotalAmt |
| Program Services | $3,297 | ProgramServicesAmt |
| Management And General | $1,072 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,886,559 | TotalAmt |
| Program Services | $2,886,559 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CONTINUING EDUCATION | $926,214 | $917,336 | $8,878 |
| RECRUITMENT | $489,132 | $489,132 | |
| BAD DEBT | $62,624 | $62,624 | |
| MISCELLANEOUS | $6,198 | $6,198 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,219,483 | TotalAmt |
| Program Services | $154,546,861 | ProgramServicesAmt |
| Management And General | $8,672,622 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,323,172 | BOYAmt |
| EOY | $5,372,072 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,806,840 | BOYAmt |
| EOY | $15,415,870 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,183 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,158,195 | BOYAmt |
| EOY | $20,787,942 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,928,708 | BOYAmt |
| EOY | $27,334,192 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,928,708 | BOYAmt |
| EOY | $27,334,192 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$5,770,513 | BOYAmt |
| EOY | -$6,546,250 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$5,770,513 | BOYAmt |
| EOY | -$6,546,250 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,158,195 | BOYAmt |
| EOY | $20,787,942 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$775,737 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $318,156 | CurrentTaxYearAmt |
| Total | $318,156 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $133,265,190 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $149,157,797 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $162,125,590 | CurrentTaxYearAmt |
| Total | $444,548,577 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $133,265,190 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $149,157,797 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $162,443,746 | CurrentTaxYearAmt |
| Total | $444,866,733 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $444,866,733 | PublicSupportTotal509Amt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $98,304 | CurrentTaxYearMinus2YearsAmt |
| Total | $98,304 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $133,363,494 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $149,157,797 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $162,443,746 | CurrentTaxYearAmt |
| Total | $444,965,037 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | Yes (X) | First5Years509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $170,314,829 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $7,871,083 | OtherRevenueAmt |
| Revenue Not Reported | $7,871,083 | RevenueNotReportedAmt |
| Revenue Subtotal | $162,443,746 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $162,443,746 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $249,080,129 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $85,860,646 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $85,860,646 | ExpensesNotReportedAmt |
| Expenses Subtotal | $163,219,483 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $163,219,483 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COMPANY RECOGNIZES THE BENEFIT FROM INCOME TAX POSITIONS TAKEN IN ITS INCOME TAX RETURNS ONLY WHEN THOSE POSITIONS ARE BELIEVED TO BE MORE LIKELY THAN NOT TO BE SUSTAINED UPON REVIEW BY THE TAX AUTHORITIES. VMG PROVIDES VALUATION ALLOWANCES FOR NET DEFERRED TAX ASSETS WHEN THE REALIZATION OF THE DEFERRED TAX ASSET IS UNCERTAIN. MANAGEMENT HAS DETERMINED THAT VMG HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITIES INCLUDED IN VMG ARE NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO THE 2016 TAX YEAR. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | REVENUE ATTRIBUTABLE TO CONSOLIDATED ENTITIES 7,871,083. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES ATTRIBUTABLE TO CONSOLIDATED ENTITIES 85,860,646. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| THE VALLEY HOSPITAL INC | |||||||
| 223 NORTH VAN DIEN AVENUE | RIDGEWOOD | NJ | 07450 | 221487307 | 501(C)(3) | $15,207,883 | STRATEGIC FUNDING |
| VALLEY PHYSICIAN SERVICES INC | |||||||
| 223 NORTH VAN DIEN AVENUE | RIDGEWOOD | NJ | 07450 | 320041186 | 501(C)(3) | $10,504,078 | STRATEGIC FUNDING |
| VALLEY MEDICAL SERVICES PC | |||||||
| 15 ESSEX ROAD | PARAMUS | NJ | 07652 | 465297054 | 501(C)(3) | $122,143 | STRATEGIC FUNDING |
| VALLEY PHYSICIAN SERVICES NY PC | |||||||
| 15 ESSEX ROAD | PARAMUS | NJ | 07652 | 453125678 | 501(C)(3) | $33,757 | STRATEGIC FUNDING |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN GONCALVES MD | ||||||||||||||
| DIRECTOR CARDIAC SURGERY | $1,434,948 | $0 | $650,000 | $0 | $1,916 | $0 | $9,625 | $0 | $22,520 | $0 | $2,119,009 | $0 | $0 | $0 |
| ALEX ZAPOLANSKI MD | ||||||||||||||
| PHYSICIAN | $1,398,630 | $0 | $365,886 | $0 | $14,478 | $0 | $9,625 | $0 | $23,655 | $0 | $1,812,274 | $0 | $0 | $0 |
| AUDREY MEYERS | ||||||||||||||
| PRESIDENT & CEO | $0 | $1,066,752 | $0 | $551,670 | $0 | $92,069 | $0 | $20,825 | $0 | $22,512 | $0 | $1,753,828 | $0 | $0 |
| THOMAS AHLBORN MD | ||||||||||||||
| CHAIR, SURGICAL SERVICES | $999,848 | $0 | $252,501 | $0 | $14,478 | $0 | $9,625 | $0 | $22,760 | $0 | $1,299,212 | $0 | $0 | $0 |
| MICHAEL RAHMIN MD | ||||||||||||||
| PHYSICIAN | $932,457 | $0 | $50,000 | $0 | $7,209 | $0 | $9,800 | $0 | $32,679 | $0 | $1,032,145 | $0 | $0 | $0 |
| GAIL MATTHEWS MD | ||||||||||||||
| TREAS. THRU 6/30/19 & PHYSICIAN | $672,016 | $0 | $191,401 | $0 | $7,524 | $0 | $9,800 | $0 | $10,260 | $0 | $891,001 | $0 | $0 | $0 |
| ROBERT KORST MD | ||||||||||||||
| CHIEF OF ONCOLOGY SURGERY | $688,895 | $0 | $150,501 | $0 | $4,902 | $0 | $15,400 | $0 | $31,459 | $0 | $891,157 | $0 | $0 | $0 |
| MARC MELAMED MD | ||||||||||||||
| SECY. THRU 5/21/19 & PHYSICIAN | $446,207 | $0 | $105,000 | $0 | $10,023 | $0 | $9,800 | $0 | $15,257 | $0 | $586,287 | $0 | $0 | $0 |
| DAVID STRASSBERG MD | ||||||||||||||
| PRES. THRU 6/30/19 & PHYSICIAN | $403,432 | $0 | $98,255 | $0 | $11,230 | $0 | $9,800 | $0 | $10,945 | $0 | $533,662 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3 | VALLEY MEDICAL GROUP HAS DEVELOPED A COMPENSATION PLAN WHICH GOVERNS THE COMPENSATION FOR ALL PHYSICIANS AND ADVANCED PRACTICE PROVIDERS. THE PLAN WAS DEVELOPED IN CONJUNCTION WITH A CONSULTING FIRM, REVIEWED BY OUR PHYSICIAN LEADERSHIP COUNCIL AND APPROVED BY THE BOARD OF TRUSTEES AND THE VALLEY HEALTH SYSTEM PHYSICIAN COMPENSATION COMMITTEE. ON AN ANNUAL BASIS THE PLAN WILL BE REVIEWED AND UPDATED AS NEEDED. ONCE DRAFTED THE PLAN WILL FOLLOW THE SAME PROCESS AS OUTLINED ABOVE. |
| PART I, LINE 7 | PHYSICIANS MAY BE ELIGIBLE FOR CERTAIN CLINICAL BONUSES OR OTHER INCENTIVES THAT MAY BE ESTABLISHED ACCORDING TO COMPETITIVE MARKET PRACTICES DESIGNED TO ENCOURAGE PRODUCTIVITY AND OTHER PERFORMANCE OBJECTIVES. ANY AND ALL BONUSES WILL BE SUBJECT TO CAPS AND MAY BE AWARDED ON THE BASIS OF EITHER STATED PRODUCTIVITY METRICS OR STATED QUALITY METRICS (BASED ON PATIENT EVALUATIONS) OR SOME COMBINATION OF BOTH. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | ON 5/21/19 VALLEY PHYSICIAN SERVICES, P.C. (PART OF THE VALLEY MEDICAL GROUP) UPDATED AND ADOPTED NEW BYLAWS AND LEGAL DOCUMENTS TO IMPLEMENT FORMALLY THE BOARD'S INTEGRATION INTO A PARALLEL BOARD OF THE VALLEY HEALTH SYSTEM'S ("VHS") BOARD. THIS CHANGE TOOK EFFECT JULY 1, 2019. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS A PROFESSIONAL CORPORATION HAVING STOCKHOLDERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE TRUSTEES OF THE CORPORATION SHALL ELECT, APPOINT, REPLACE OR REMOVE TRUSTEES; PROVIDED, HOWEVER, THAT BEFORE TAKING ANY SUCH ACTION, THE TRUSTEES SHALL GIVE THE VALLEY PHYSICIAN SERVICES, INC. BOARD OF TRUSTEES ("VPS BOARD") AT LEAST THIRTY (30) DAYS WRITTEN ADVANCE NOTICE OF ITS INTENDED ACTIONS; WILL NOT VOTE UNTIL WRITTEN APPROVAL OF SUCH ACTION IS RECEIVED FROM THE VPS BOARD; AND WILL VOTE IN THE MANNER SPECIFIED IN THE WRITTEN NOTICE PROVIDED TO THE VPS BOARD. |
| FORM 990, PART VI, SECTION A, LINE 7B | (A) IN THE EVENT THE BOARD INTENDS TO VOTE ON ONE OF THE FOLLOWING ACTIONS, THE BOARD WILL GIVE THE VPS BOARD THIRTY (30) DAYS' WRITTEN ADVANCE NOTICE OF THE FOLLOWING INTENDED ACTIONS, WILL NOT VOTE UNTIL THE BOARD RECEIVES WRITTEN APPROVAL FROM THE VPS BOARD, AND WILL VOTE IN THE MANNER SPECIFIED IN THE WRITTEN NOTICE. THE ACTIONS SUBJECT TO THIS PROCEDURE ARE: (I) STRATEGIC ACTIONS, WHICH SHALL INCLUDE, BUT NOT BE LIMITED TO, NEW STRATEGIC PLANS, MODIFICATIONS OF EXISTING STRATEGIC PLANS OR MISSION STATEMENTS; (II) MAJOR CORPORATE DECISIONS, WHICH MAY POTENTIALLY IMPACT THE PHILOSOPHY OF THE VALLEY SYSTEM, WHICH SHALL INCLUDE, BUT NOT BE LIMITED TO, JOINT VENTURES, CORPORATE ACQUISITIONS, PROGRAMMATIC AFFILICATIONS, MERGERS OR CONSOLIDATIONS, CONVERSION OF THE TAX-EXEMPT STATUS, SALE OR TRANSFER OF SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, OR THE DISSOLUTION OF THE CORPORATION; (III) ANY SINGLE EXPENDITURE GREATER THAN FIVE PERCENT (5%) OF THE ANNUAL OPERATING BUDGET OF THE CORPORATION AND AMENDMENTS THERETO; (IV) THE ELECTION, APPOINTMENT, REPLACEMENT OR REMOVAL OF TRUSTEES OF THE CORPORATION WITH OR WITHOUT CAUSE; (V) THE SELECTION OF AUDITORS; (VI) THE APPOINTMENT AND REMOVAL OF THE PRESIDENT OF THE CORPORATION (OR THE APPROVAL OF ANY RECCOMENDATION OF THE VPS BOARD FOR REMOVAL); (VII) THE ADOPTION, AMENDMENT, REVISION OR DELETION OF THE CORPORATION'S BYLAWS AND THE CREATION OR APPROVAL OF ANY AMENDMENTS, ALTERATIONS OR REVISIONS TO THE CORPORATION'S CERTIFICATE OF INCORPORATION; (VIII) THE ADOPTION OF THE CORPORATION'S ANNUAL CAPITAL AND OPERATING BUDGETS; (IX) MAJOR CORPORATE DECISIONS REGARDING THE INCURRENCE OF DEBT IN EXCESS OF FIVE PERCENT (5%) OF THE OPERATING BUDGET OF THE CORPORATION (INCLUDING CAPITAL AND OPERATING LEASES), AND THE TRANSFER OR LOAN OF CASH OR THE CONVEYANCE, LEASE OR OTHER DISPOSITION OF OTHER ASSETS TO AN AFFILIATE OR SUBSIDIARY WITHOUT RECEIVING EQUIVALENT VALUE IN RETURN. (X) THE APPROVAL OF THE PURCHASE OR SALE OF ANY REAL PROPERTY BY THE CORPORATION AND THE APPROVAL OF THE CREATION OF A MORTGAGE, LIEN, OR ANY OTHER SECURITY INTERESTS IN THE CORPORATION'S REAL OR PERSONAL PROPERTY; (XI) DETERMINATIONS OF HOW ANY AND ALL EXCESS CASH GENERATED BY THE CORPORATION WILL BE SPENT; (XII) THE CESSATION OR ANY CHANGE IN THE CORPORATION'S PROVISION OF SERVICES TO MEDICARE AND MEDICAID RECIPIENTS AND ITS PROVISION OF CHARITY CARE SERVICES IN ACCORDANCE WITH CHARITY CARE SERVICES IN ACCORDANCE WITH CHARITY CARE POLICIES ESTABLISHED BY THE VALLEY HOSPITAL. |
| FORM 990, PART VI, SECTION B, LINE 11B | VPS P.C. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FROM 990 IS PREPARED, IT IS SUBMITTED TO THE DIRECTOR OF FINANCE AND FINANCE COMMITTEE FOR REVIEW. ANY COMMENTS ARE SUMMARIZED AND PROVIDED TO THE DIRECTOR OF FINANCE. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED BY THE FINANCE COMMITTEE FOR FILING WITH THE INTERNAL REVENUE SERVICE. BEFORE FILING, THE FORM 990 IS MADE AVAILABLE FOR THE BOARD'S REVIEW, BY HARD COPY AND OR ELECTRONIC COPY. |
| FORM 990, PART VI, SECTION B, LINE 12C | VALLEY PHYSICIANS SERVICES, P.C. ADOPTS THE VALLEY HEALTH SYSTEM CONFLICTS OF INTEREST POLICY (THE "CONFLICTS OF INTEREST POLICY") AS THE SAME MAY BE AMENDED OR SUPPLEMENTED BY THE VALLEY HEALTH SYSTEM BOARD FROM TIME TO TIME. THE PRESIDENT OF VPS SHALL PROVIDE TO EACH TRUSTEE AND OFFICER ANNUALLY A COPY OF THE CONFLICTS OF INTEREST POLICY AND SHALL ADVISE EACH TRUSTEE AND OFFICER OF THE DUTY TO COMPLY WITH THE PROVISIONS SET THEREIN. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMPENSATION COMMITTEE OF VALLEY HOSPITAL WILL BE RESPONSIBLE FOR APPROVING THE COMPENSATION OF THE PRESIDENT AND OTHER KEY EXECUTIVES OF VPS, P.C. THE COMPENSATION FOR OTHER PHYSICIANS WILL BE APPROVED BY THE PHYSICIAN COMPENSATION COMMITTEE OF VALLEY HEALTH SYSTEM. TOTAL COMPENSATION WILL BE SET BASED ON INFORMATION REGARDING COMPENSATION PAID BY SIMILARITY SITUATED ORGANIZATIONS FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS COMPLETED BY INDEPENDENT FIRMS, OR ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | VPS P.C MAKES ITS FORM 990, FINANCIAL STATEMENTS, FORM 1023, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST AT 223 NORTH VAN DIEN AVE, RIDGEWOOD, NJ 07450 OR BY CALLING THE ORGANIZATION DIRECTLY AT 201-447-8000. |
| FORM 990, PART XI, LINE 2C | THE AUDIT COMMITTEE IS RESPONSIBLE FOR SELECTING AN INDEPENDENT ACCOUNTANT AND FOR OVERSIGHT OF THE AUDIT. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VALLEY HEALTH SYSTEM INC | |||||||||||
| 223 NORTH VAN DIEN AVE | RIDGEWOOD | NJ | 07450 | 222922016 | PROVIDE MANAGEMENT AND PLANNING SERVICES FOR ITS MEMBERS | NJ | 501(C)(3) | LINE 3 | N/A | 0 | |
| THE VALLEY HOSPITAL INC | |||||||||||
| 223 NORTH VAN DIEN AVE | RIDGEWOOD | NJ | 07450 | 221487307 | PROVIDE HEALTHCARE PROGRAMS AND SERVICES TO ALL | NJ | 501(C)(3) | LINE 3 | 0 | VALLEY HEALTH SYSTEM INC | |
| VALLEY PHYSICIAN SERVICES INC | |||||||||||
| 223 NORTH VAN DIEN AVE | RIDGEWOOD | NJ | 07450 | 320041186 | PROVIDES MANAGEMENT AND VARIED CONSULTING SERVICES | NJ | 501(C)(3) | LINE 10 | 0 | THE VALLEY HOSPITAL INC | |
| VALLEY HOME CARE INC | |||||||||||
| 15 ESSEX ROAD | PARAMUS | NJ | 07652 | 223208480 | PROVIDE HOME CARE AND HOSPICE SERVICES TO RESIDENTS OF NORTHERN NJ | NJ | 501(C)(3) | LINE 10 | 0 | VALLEY HEALTH SYSTEM INC | |
| THE VALLEY HOSPITAL FOUNDATION INC | |||||||||||
| 223 NORTH VAN DIEN AVE | RIDGEWOOD | NJ | 07450 | 222324554 | SOLICITS, RECEIVES AND APPLIES CONTRIBUTIONS FOR THE BENEFIT OF THE HOSPITAL | NJ | 501(C)(3) | LINE 7 | 0 | VALLEY HEALTH SYSTEM INC | |
| VALLEY MEDICAL SERVICES PC | |||||||||||
| 15 ESSEX ROAD | PARAMUS | NJ | 07652 | 465297054 | PROVIDE PRIMARY AND SPECIALTY MEDICAL CARE | NJ | 501(C)(3) | LINE 10 | 0 | VALLEY PHYSICIAN SERVICES INC | |
| VALLEY PHYSICIAN SERVICE NY PC | |||||||||||
| 15 ESSEX ROAD | PARAMUS | NJ | 07450 | 453125678 | OPERATES URGENT/PRIMARY CARE CLINICS | NY | 501(C)(3) | LINE 10 | 0 | VALLEY PHYSICIAN SERVICES INC | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1ForeignAddress/AddressLine1Txt | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VHS INSURANCE COMPANY LTD | ||||||||||||||
| 010 MAIN STREET | CAYMAN ISLANDS | CJ | 980408200 | PROVIDES PROFESSIONAL, MEDICAL, AND COMMERCIAL GENERAL LIABILITY INSURANCE | CJ | VALLEY HEALTH SYSTEM INC | C | 0 | ||||||
| VALLEY HEALTH MEDICAL GROUP INC | ||||||||||||||
| 223475235 | OPERATES URGENT/PRIMARY CARE CLINICS | VALLEY HEALTH SYSTEM INC | C | 0 | 15 ESSEX ROAD | PARAMUS | NJ | 07652 | NJ | |||||
| VALLEY HEALTH MEDICAL GROUP NJPC | ||||||||||||||
| 223475166 | OPERATES URGENT/PRIMARY CARE CLINICS | C | 0 | 15 ESSEX ROAD | PARAMUS | NJ | 07652 | NJ | N/A | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
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