THE VALLEY HOSPITAL INC Charity Report

Public IRS 990 nonprofit record

THE VALLEY HOSPITAL INC

EIN 22-1487307 · General Hospitals (E22)

What they do

THE VALLEY HOSPITAL SERVES THE COMMUNITY BY HEALING and CARING for PATIENTS, COMFORTING THEIR FAMILIES and TEACHING GOOD HEALTH. THE VALLEY HOSPITAL is DISTINGUISHED BY A COMMITMENT to EXCELLENCE IN CLINICAL CARE, INNOVATION IN PROGRAMS and TECHNOLOGY, and PROVIDING A COMPASSIONATE and RESPECTFUL ENVIRONMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

74.93%of revenue went to mission work79.3% of expenses · Program services

$94.49spent for every $100 of revenueRevenue covered expenses this year.

19.56%of revenue went to management and office costs20.7% of expenses

$2.06in assets for every $1 spent this yearSome assets cannot be spent right away.

4.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $986,422 for JOSEPH YALLOWITZ (VP & CHIEF MEDICAL OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,259,513,188

Mission workProgram services$943,709,58274.93% of revenue79.3% of expenses

ManagementOffice and general costs$246,413,02619.56% of revenue20.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$69,390,5805.51% of revenueShown in gray on the chart

Total expenses$1,190,122,60894.49% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 79.3% mission · 20.7% management · 0.0% fundraisingTotal expenses: 94.49% of revenue

2023Expense mix: 75.8% mission · 24.2% management · 0.0% fundraisingTotal expenses: 89.79% of revenue

2022Expense mix: 77.6% mission · 22.4% management · 0.0% fundraisingTotal expenses: 88.54% of revenue

2021Expense mix: 80.5% mission · 19.5% management · 0.0% fundraisingTotal expenses: 85.54% of revenue

2020Expense mix: 77.2% mission · 22.8% management · 0.0% fundraisingTotal expenses: 93.99% of revenue

2019Expense mix: 82.8% mission · 17.2% management · 0.0% fundraisingTotal expenses: 86.82% of revenue

2018Expense mix: 75.9% mission · 24.1% management · 0.0% fundraisingTotal expenses: 94.97% of revenue

2017Expense mix: 74.9% mission · 25.1% management · 0.0% fundraisingTotal expenses: 100.72% of revenue

Money in and money out

Revenue$1,259,513,188

Expenses$1,190,122,608

Annual surplus $69,390,580 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$943,709,582 · 79.3% of expenses

Management and office costs$246,413,026 · 20.7% of expenses

See all reported dollar amounts

Revenue$1,259,513,188

Expenses$1,190,122,608

Assets$2,453,447,464

Income$1,681,144,336

Contributions$51,959,731

Mission work (program services)$943,709,582

Grants given$602,791,664

Average grant$6,027,917

Management and general$246,413,026

Stocks and bonds$878,357,244

Accounting fees$215,662

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JOSEPH YALLOWITZVP & CHIEF MEDICAL OFFICER · 40 hrs/week $986,422Base $928,406 · Other $58,016

DAVID BOHANVP & CHIEF PHILANTHROPY OFFICER · 4 hrs/week $710,089Base $678,150 · Other $31,939

CHARLES VANNOYVP/CNO, PATIENT CARE SVCS · 40 hrs/week $648,440Base $595,903 · Other $52,537

BRAD HASPELVP, ANCILLARY SERVICES · 40 hrs/week $531,065Base $497,191 · Other $33,874

BETTYANN KEMPINVP, ADMINISTRATION · 40 hrs/week $521,807Base $483,237 · Other $38,570

PETER DIESTELTRANSITIONAL CONSULTANT · 40 hrs/week $479,488Base $446,537 · Other $32,951

AUDREY MEYERSPRESIDENT & CEO, VHS THRU JUNE 2024 · 14 hrs/week $54,469Base · Other $54,469

WILLIAM KLUTKOWSKISR. VP, FINANCE & CFO · 12 hrs/week $53,234Base · Other $53,234

ROBERT W BRENNERPRESIDENT & CEO, VHS EFF. JULY 2024 · 12 hrs/week $31,214Base · Other $31,214

KARTEEK BHAVSARSR VP & COO · 20 hrs/week $29,075Base · Other $29,075

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

JOSEPH YALLOWITZVP & CHIEF MEDICAL OFFICER

DAVID BOHANVP & CHIEF PHILANTHROPY OFFICER

CHARLES VANNOYVP/CNO, PATIENT CARE SVCS

BRAD HASPELVP, ANCILLARY SERVICES

BETTYANN KEMPINVP, ADMINISTRATION

PETER DIESTELTRANSITIONAL CONSULTANT

AUDREY MEYERSPRESIDENT & CEO, VHS THRU JUNE 2024

WILLIAM KLUTKOWSKISR. VP, FINANCE & CFO

ROBERT W BRENNERPRESIDENT & CEO, VHS EFF. JULY 2024

KARTEEK BHAVSARSR VP & COO

MICHAEL MCGUIRETRUSTEE

ANN LIMBERGVICE CHAIR

WAYNE WALD ESQTRUSTEE

VINCENT FORLENZACHAIR EMERITUS

TIMOTHY WENTWORTHTRUSTEE

SCOTT SCHROEDERTRUSTEE

BRUCE MACTASTRUSTEE

PATRICIA VERDUINTRUSTEE

MICHELLE HASSONTRUSTEE

DUANE SACHSTRUSTEE

M SHAWN KENNEDYTRUSTEE

KEVIN LOBOCHAIR

JUDY BASELICETRUSTEE

DENIS SALAMONESECRETARY

JOSEPH MARIONTREASURER

JEFFREY TUCKERTRUSTEE

JAMES BUSHTRUSTEE

FRANK J SHEEHYVICE CHAIR

About this charity

Recognized since: January 1953
Location: 4 VALLEY HEALTH PLZ, PARAMUS, NJ 07652-3619
County: Bergen
In care of: % WILLIAM KLUTKOWSKI CFO
Primary officer: WILLIAM KLUTKOWSKI, SENIOR VP OF FINANCE & CFO

How to reach them

WebsiteVisit the charity’s website Phone(201) 447-8000

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: PKF OCONNOR DAVIES ADVISORY LLC
NTEE classification: General Hospitals (E22)
IRS tax category: General Hospitals
Grant-giving organization: Yes