THE VALLEY HOSPITAL FOUNDATION INC
THE VALLEY HOSPITAL FOUNDATION INC
EIN: 22-2324554
as of September 2024
as of September 09, 2024
Programs and results
What we aim to solve
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
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.
Home Care Services
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.
Hospice
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.
Where we work
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
We are here to SERVE & CARE.
We are committed to Zero Harm, 100% Reliability, and the Safety of all.
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
Financials
Revenue vs. expenses: breakdown
Liquidity in 2022 info
19.24
Months of cash in 2022 info
1.5
Fringe rate in 2022 info
0%
Funding sources info
Assets & liabilities info
Financial data
THE VALLEY HOSPITAL FOUNDATION INC
Revenue & expensesFiscal Year: Jan 01 - Dec 31
THE VALLEY HOSPITAL FOUNDATION INC
Balance sheetFiscal Year: Jan 01 - Dec 31
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: Jan 01 - Dec 31
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.
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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
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 employeesSOURCE: IRS Form 990
Compensation data
THE VALLEY HOSPITAL FOUNDATION INC
Highest paid employeesSOURCE: IRS Form 990
Compensation data
THE VALLEY HOSPITAL FOUNDATION INC
Board of directorsas of 06/04/2024
Board of directors data
Mr. Victor Wortmann
Contractors
Fiscal year endingProfessional fundraisers
Fiscal year endingSOURCE: IRS Form 990 Schedule G