The Valley Hospital
The Valley Hospital reported $1.26 billion in revenue and $1.19 billion in expenses for calendar year 2024. Of every $100 it spent, $79.30 went to program services, $20.70 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.0% of the total. The highest compensation it reported for one person was $6,647,856 (PRESIDENT & CEO, VHS THRU JUNE 2024). 1,199 people received more than $100,000 in reportable compensation. Revenue rose 46% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.19BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $1.26BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.3% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.7% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 4.1% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $6,647,856 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.56% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 1,199 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 18.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 18 of 19 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe Valley Hospital, located in paramus, new jersey, is a fully accredited, acute care, not-for-profit hospital serving more than 440,000 people in 32 towns in bergen county and adjoining communities. The Valley Hospital is part of valley health system, a regional healthcare system that serves residents in northern new jersey and southern new york. It comprises the Valley Hospital, valley home care, and valley medical group. As a not-for-profit hospital, valley is committed to giving back to the community. Valley serves the community by providing thousands of hours of healthcare education and…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO, VHS THRU JUNE 2024 Director/trustee, officer, 14.30 hrs/week | $0 | $6,593,387 | $54,469 | $6,647,856 |
| PRESIDENT & CEO, VHS EFF. JULY 2024 Director/trustee, officer, 12.00 hrs/week | $0 | $1,878,651 | $31,214 | $1,909,865 |
| SR. VP, FINANCE & CFO Officer, 12.00 hrs/week | $0 | $1,252,548 | $53,234 | $1,305,782 |
| SR VP & COO Key employee, 20.00 hrs/week | $0 | $1,177,040 | $29,075 | $1,206,115 |
| VP & CHIEF MEDICAL OFFICER Highest compensated employee, 40.00 hrs/week | $928,406 | $0 | $58,016 | $986,422 |
| VP & CHIEF PHILANTHROPY OFFICER Highest compensated employee, 4.00 hrs/week | $678,150 | $0 | $31,939 | $710,089 |
| VP/CNO, PATIENT CARE SVCS Key employee, 40.00 hrs/week | $595,903 | $0 | $52,537 | $648,440 |
| VP, ANCILLARY SERVICES Highest compensated employee, 40.00 hrs/week | $497,191 | $0 | $33,874 | $531,065 |
1,199 people received more than $100,000 in reportable compensation from The Valley Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $648K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 54,835
- Volunteers Part I, line 61,282
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| TORCON INC General contractor | $76,231,466 |
| FMG GENERAL CONTRACTING CO INC General contractor | $15,223,380 |
| VAYA WORKFORCE SOLUTIONS LLC Temporary staffing | $14,187,908 |
| NIHON KOHDEN AMERICA INC General contractor | $7,194,295 |
| DANKER LLC Electrical contractor | $5,793,868 |
Individuals listed as contractors are left out. 410 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to The Valley Hospital totaling $171K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Valley Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Valley Hospital, you can publish a response that is linked from this page.
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Of every $100 The Valley Hospital spent in 2024, $79.30 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Physician Affiliate Group of New York PcNew York, NY · revenue $1.26B · programs 97.7% · FY2025
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- Gundersen Lutheran Administrative ServicesLA Crosse, WI · revenue $1.25B · programs 92.3% · FY2025
- Sentara HealthVirginia Beach, VA · revenue $1.26B · programs 86.3% · 2024
- Orlando Health Medical GroupOrlando, FL · revenue $1.25B · programs 95.5% · FY2025
Questions people ask
How much of The Valley Hospital's spending goes to programs?
In calendar year 2024, The Valley Hospital reported that 79.3% of its $1.19 billion in expenses went to program services, 20.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Valley Hospital pay its top executive?
The largest total compensation The Valley Hospital reported for one person in calendar year 2024 was $6,647,856, for the role of PRESIDENT & CEO, VHS THRU JUNE 2024 (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Valley Hospital get its money?
Of $1.26 billion in revenue in calendar year 2024, 4.1% came from contributions and grants (including 1.0% from government grants) and 92.0% from program service revenue (Form 990, Part VIII).
Is The Valley Hospital a registered charity?
The IRS lists EIN 22-1487307 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533179349305463 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433099349303113 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313169349300881 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349313790 · read the filing
- 2020: Form 990 for calendar year 2020 (amended), object 202233469349301303 · read the filing
- 2019: Form 990 for calendar year 2019 (amended), object 202213469349300106 · read the filing
All filings for EIN 22-1487307: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.