SILVER2024

THE VALLEY HOSPITAL FOUNDATION INC

Ridgewood, NJ   |  www.ValleyHospitalFoundation.org
GuideStar Charity Check

THE VALLEY HOSPITAL FOUNDATION INC

EIN: 22-2324554


Mission

The Valley Hospital Foundation is the philanthropic component of Valley Health System. It is a nonprofit, tax-exempt, multi-purpose foundation. The Foundation's primary function is to secure charitable contributions from individuals, corporations, foundations, and others, to manage those gifts, and to distribute them in accordance with its charter. Funds are raised primarily for use by The Valley Hospital and Valley Home Care, Inc. Valley Health System is the sole member of the corporation.

Ruling year info

1980

Vice President and Chief Development Officer

Mr. David Bohan

Main address

223 North Van Dien Avenue

Ridgewood, NJ 07450 USA

Show more contact info

EIN

22-2324554

Subject area info

Health

Population served info

Adults

Children and youth

NTEE code info

Hospital (General) (E22)

Fund Raising and/or Fund Distribution (H12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Affiliations

See related organizations info

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Our mission is to serve the communities of Northern New Jersey and southern New York with exceptional, world-class healthcare in a regional healthcare setting. We’re committed to keeping communities healthy through our comprehensive inpatient and outpatient programs; highly skilled home care services; community-based medical practices and wellness programs; and collaborations with some of the world’s leading healthcare organizations. We’re also dedicated to providing inclusive, respectful care for everyone in our community. Initiatives such as our Social Equality Council, our LGBTQ+-inclusive care, and our Spiritual Care services guide our efforts to meet patients’ diverse needs.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Hospital Programs

The Valley Hospital is a fully accredited, acute care, not-for-profit hospital serving more than 440,000 people in 32 towns in Bergen County, NJ and adjoining communities.

Population(s) Served

Valley Home Care offers a full spectrum of services to meet a variety of healthcare needs. Our highly skilled staff is known for its care and compassion.

Population(s) Served

Valley Hospice provides care at home or in a homelike setting to persons who are terminally ill. Hospice neither hastens nor postpones death but affirms life, emphasizing quality through symptom control provided by an interdisciplinary team. Hospice empowers patients to live their lives to the end with dignity and comfort while involving families and loved ones in providing care.

Population(s) Served

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

By investing in our people, programs, facilities and technology, delivering exceptional medical education, and offering the highest quality clinical services and patient- and family-centered care, Valley Health System will be the system of choice for our community.

We are here to SERVE & CARE.

We are committed to Zero Harm, 100% Reliability, and the Safety of all.

Financials

THE VALLEY HOSPITAL FOUNDATION INC
Fiscal year: Jan 01 - Dec 31
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

19.24

Average of 40.21 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

1.5

Average of 3.8 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

THE VALLEY HOSPITAL FOUNDATION INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

THE VALLEY HOSPITAL FOUNDATION INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

THE VALLEY HOSPITAL FOUNDATION INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of THE VALLEY HOSPITAL FOUNDATION INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$390,139 -$26,125,943 $707,084 $2,834,465 -$2,136,057
As % of expenses -5.1% -42.9% 3.5% 14.0% -12.9%
Unrestricted surplus (deficit) after depreciation -$390,139 -$26,125,943 $707,084 $2,834,465 -$2,136,057
As % of expenses -5.1% -42.9% 3.5% 14.0% -12.9%
Revenue composition info
Total revenue (unrestricted & restricted) $33,662,111 $19,078,520 $15,487,331 $18,375,355 $12,118,940
Total revenue, % change over prior year 239.8% -43.3% -18.8% 18.6% -34.0%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 5.0% 6.3% 8.1% 4.9% 7.3%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 90.6% 89.2% 91.5% 82.6% 91.4%
Other revenue 4.4% 4.5% 0.4% 12.5% 1.3%
Expense composition info
Total expenses before depreciation $7,667,643 $60,919,390 $20,099,023 $20,248,309 $16,577,304
Total expenses, % change over prior year -20.5% 694.5% -67.0% 0.7% -18.1%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 3.6% 0.3% 1.2% 1.3% 1.6%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 64.1% 94.6% 84.7% 84.8% 79.5%
All other expenses 32.3% 5.0% 14.1% 13.9% 18.9%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $7,667,643 $60,919,390 $20,099,023 $20,248,309 $16,577,304
One month of savings $638,970 $5,076,616 $1,674,919 $1,687,359 $1,381,442
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $8,306,613 $65,996,006 $21,773,942 $21,935,668 $17,958,746

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 5.7 0.5 1.5 1.9 1.5
Months of cash and investments 120.2 7.8 25.6 25.7 28.3
Months of estimated liquid unrestricted net assets 54.0 1.6 5.4 7.1 7.1
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $3,625,272 $2,542,302 $2,577,679 $3,178,466 $2,070,647
Investments $73,157,550 $36,819,127 $40,312,138 $40,105,385 $37,008,366
Receivables $27,019,444 $27,334,843 $20,952,957 $19,220,052 $14,312,782
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 1.5% 2.5% 2.9% 3.1% 3.8%
Unrestricted net assets $34,482,731 $8,356,788 $9,063,872 $11,898,337 $9,762,280
Temporarily restricted net assets $60,221,325 N/A N/A N/A N/A
Permanently restricted net assets $7,535,247 N/A N/A N/A N/A
Total restricted net assets $67,756,572 $56,694,777 $53,198,168 $48,657,711 $41,598,210
Total net assets $102,239,303 $65,051,565 $62,262,040 $60,556,048 $51,360,490

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Vice President and Chief Development Officer

Mr. David Bohan

Number of employees

Source: IRS Form 990

THE VALLEY HOSPITAL FOUNDATION INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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THE VALLEY HOSPITAL FOUNDATION INC

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

THE VALLEY HOSPITAL FOUNDATION INC

Board of directors
as of 06/04/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Victor Wortmann

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser