2025-11-13T13:56:20+00:00 2024-12-31 135565207 KPMG LLP 515 Broadway 4th Floor Albany NY 12207 990 2024-01-01 222511614 Valley Health Services Inc VALL 3158663330 690 W GERMAN STREET HERKIMER NY 13350 MICHAEL R TREEN CFO 3158663330 2025-11-13 true GENEVA FURLANO P01877392 5184274600 2025-11-13 2024 2025-03-06 01:10:19Z CONNIE A JASTREMSKI 690 W GERMAN STREET HERKIMER NY 13350 14724606 false X WWW.VALLEYHEALTHSERVICES.ORG X 1984 NY (SEE ON SCHEDULE O) 15 15 404 15 0 1387515 233631 12732183 14481534 101128 9441 518620 0 14739446 14724606 0 0 11045250 12292255 0 0 4902794 4817477 15948044 17109732 -1208598 -2385126 8930958 9927182 10162973 13640361 -1232015 -3713179 THE MISSION OF VALLEY HEALTH SERVICES, INC. IS TO PROVIDE QUALITY, PERSON CENTERED REHABILITATIVE, LONG-TERM AND PALLIATIVE CARE THROUGH DIVERSE PROGRAMS DESIGNED TO PROMOTE HEALTH AND INDEPENDENCE. false false 14990264 14481534 SKILLED NURSING, LONG-TERM CARE SHORT-TERM INPATIENT AND REHABILITATION AND SUB-ACUTE CARE, PHYSICAL THERAPY O OCCUPATIONAL THERAPY, SPEECH THERAPY, WOUND CARE, IV THERAPY OUTPATIENT REHABILITATION, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, CARDIAC REHABILITATION, SPEECH THERAPY, OSTEOPOROSIS MANAGEMENT THE18-SLOT OFFSITE MEDICAL MODEL ADULT DAY CARE PROGRAM IN LITTLE FALLS HAS RESUMED SERVICE FOLLOWING THE CLOSING OF SERVICES AT THE PEAK OF COVID-19. THE 12-SLOT ONSITE ADULT DAY CARE MEDICAL MODEL SITE IS HOPING TO RESUME SERVICES AT SOME POINT IN THE FUTURE. SPEECH THERAPY, IV THERAPY, CARDIAC REHABILITATION, PALLIATIVE CARE AND OSTEOPOROSIS MANAGEMENT ARE UNIQUE SERVICES TO THE GREATER HERKIMER AREA AVAILABLE AT VHS, INC. APPROXIMATELY 55% OF VALLEY HEALTH SERVICES REVENUE IS DERIVED FROM MEDICAID. AS SUCH, VHS, INC., INCURS AN APPROXIMATE SHORTFALL OF $65 PER PATIENT DAY REIMBURSED BY THE NYS MEDICAID SYSTEM. AN IN-HOUSE "NEEDY RESIDENT" FUND PROVIDES MONEY FOR INCIDENTAL ITEMS DESIRED BY RESIDENTS. ADDITIONALLY, VHS OPERATES ITS OWN CNA CLASS. VHS' STAFF ALSO WORKS WITH RESIDENTS, RESIDENTS' FAMILY MEMBERS AND OUTPATIENTS AS REQUESTED TO ADDRESS ELIGIBILITY FOR FEDERAL, STATE AND LOCAL ASSISTANCE FOR ISSUES INVOLVING PATIENT CARE. VHS WORKS WITH CAREER CONNECTIONS OF THE HERKIMER ARC TO MATCH THEIR CLIENTS' SKILLS WITH AVAILABLE JOB OPPORTUNITIES. VHS HAS RESUMED SOME ANNUAL FUNDRAISING ACTIVITIES. THEY HAVE PARTICIPATED IN THE COMMUNITY FOUNDATION OF HERKIMER AND ONEIDA COUNTY "MOHAWK VALLEY GIVES" PROGRAM. 14990264 true true false true false false false false false true true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 8 0 true 404 true false false false false false false false false false false false false X 15 15 false false false false true true true true true false false false true true true true true true true true false false NY X MICHAEL R TREEN CFO 3158663330 690 WEST GERMAN STREET HERKIMER NY 13350 Marianne E O'Donnell Secretary 2.0 2.0 X X 0 0 0 Robert N Basloe Treasurer 2.0 2.0 X X 0 0 0 Alan Vincent Board Member (As of 8/24) 2.0 2.0 X 0 0 0 Anna Lyga Board Member 2.0 2.0 X 0 0 0 Connie A Jastremski Chair 2.0 2.0 X 0 0 0 Curtis Pearsall Board Member 2.0 4.0 X 0 0 0 Delores Caruso Board Member (As of 8/24) 2.0 2.0 X 0 0 0 James Seward Board Member 2.0 2.0 X 0 0 0 Jeffrey J Woeppel Board Member 2.0 2.0 X 0 0 0 John P Militello Vice Chair 2.0 2.0 X 0 0 0 Judith Gorman Board Member 2.0 2.0 X 0 0 0 Kathleen A Horn Board Member 2.0 2.0 X 0 0 0 Kathleen Marollo Board Member 2.0 2.0 X 0 0 0 Linda Talerico Board Member 2.0 2.0 X 0 0 0 Marybeth McCall MD Board Member 2.0 2.0 X 0 0 0 Bryan Ehlinger VHS Administrator BHN 40.0 0 X 111299 0 15209 Craig Faerber Interim Network CFO 2.0 56.0 X 0 524460 0 Michael R Treen CFO 2.0 42.0 X 0 131412 11608 Lisa M Betrus SVP Chief Strategy & Transformation Officer 40.0 2.0 X 518868 0 26764 Jackie Metz RN Supervisor 40.0 0 X 126928 0 1816 Joanna Boyles Care Coord RN 40.0 0 X 121117 0 5964 Melissa Ippolito Director of Nursing 40.0 0 X 168543 0 11282 Michelle Phillips Care Coord RN 40.0 0 X 112167 0 9410 Veronica Adams LPN Charge 40.0 0 X 197054 0 11986 1355976 655872 94039 7 false true false 0 96388 100778 36465 233631 RESIDENT SERVICE REVENUE, NET 623000 14004898 14004898 SOLD SERVICES 900099 74622 74622 OTHER OPERATING ACTIVITY 900099 400887 400887 CAFETERIA 900099 1127 1127 0 0 0 0 14481534 9441 9441 0 0 0 0 0 0 0 0 0 0 14724606 14481534 0 9441 630167 630167 9989636 9802447 187189 331453 308509 22944 521848 502819 19029 819151 819151 1030780 170899 859881 14198 14198 28850 28850 1510 1510 593783 356808 236975 0 1489612 1457185 32427 312932 312932 3526 2175 1351 120750 120750 244815 244815 252451 252451 CASH RECEIPTS ASSESSMENT 605782 605782 CREDIT LOSS EXPENSE 84947 84947 MISCELLANEOUS EXPENSES 33541 33541 0 0 0 0 17109732 14990264 2119468 0 200 200 3387929 4290831 0 3313833 3680613 0 0 0 0 80510 71075 28179 20801 23016539 21483168 1670485 1533371 0 0 449822 330291 8930958 9927182 2011942 2202506 0 0 1735455 1327381 6415576 10110474 10162973 13640361 X -1346844 -3817152 114829 103973 -1232015 -3713179 8930958 9927182 -2385126 -96038 0 X false true true false X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 3133950 619573 336198 1387515 233631 5710867 12932924 13259219 12603710 13249913 14481534 66527300 65657 214337 152878 517733 0 950605 0 0 16132531 14093129 13092786 15155161 14715165 73188772 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 73188772 56609 142546 25306 101128 9441 335030 0 56609 142546 25306 101128 9441 335030 0 0 0 0 0 0 0 16189140 14235675 13118092 15256289 14724606 73523802 0.99544 0.9951 0 0.0049 X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1510 1510 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY A PERCENTAGE OF MEMBERSHIP DUES PAID TO LEADING AGE (13.45%) ARE USED SPECIFICALLY FOR LOBBYING PURPOSES. 103973 2639773 2743746 103973 103973 103973 103973 103973 103973 103973 103973 1.0 false false 14400086 14165768 234318 633531 538117 95414 7548874 6779283 769591 434048 434048 1533371 Federal Income Taxes DUE TO 3RD PARTY PAYORS 803454 PATIENT TRUST FUNDS 237155 DUE TO RELATED PARTY 9069865 OPERATING LEASE LIABILITY 10110474 X 94672 0 94672 -94672 0 0 -94672 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds INCOME FROM THE ENDOWMENT FUND IS TO BE USED TO FURTHER THE MISSION OF VALLEY HEALTH SERVICES, INC. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FIN 48 FOOTNOTE VALLEY HEALTH SERVICES INC IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF BASSETT HEALTHCARE NETWORK (THE NETWORK). THE TEXT OF THE FIN 48 FOOTNOTE FROM THE CONSOLIDATED FINANCIAL STATEMENTS IS AS FOLLOWS: THE NETWORK'S VARIOUS SUBSIDIARIES GENERALLY CONSIST OF NOT-FOR-PROFIT CORPORATIONS ORGANIZED IN ACCORDANCE WITH SECTION 501(C)(3) OF THE IRC AND THEREFORE ARE EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE IRC. THE NETWORK RECOGNIZES INCOME TAX POSITIONS WHEN IT IS MORE-LIKELY THAN-NOT THAT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO MATERIAL TAX LIABILITIES OR UNCERTAIN TAX POSITIONS THAT NEED TO BE RECORDED. FOR TAXABLE SUBSIDIARIES OR INVESTMENTS, INCLUDING CCE, DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES OF TEMPORARY DIFFERENCES BY APPLYING ENACTED STATUTORY TAX RATES APPLICABLE TO FUTURE YEARS FOR THE DIFFERENCES BETWEEN THE CONSOLIDATED FINANCIAL STATEMENTS AND TAX BASIS OF EXISTING ASSETS AND ABILITIES. SUCH DEFERRED TAX ASSETS AND LIABILITIES WERE NOT MATERIAL AS OF DECEMBER 31, 2024 AND 2023. X X X X false false false false false false false true false Craig Faerber Interim Network CFO 0 524460 0 0 0 0 0 0 0 0 0 524460 0 0 Lisa M Betrus SVP Chief Strategy & Transformation Officer 471506 0 47362 0 0 0 17250 0 9514 0 545632 0 0 0 Veronica Adams LPN Charge 197054 0 0 0 0 0 9234 0 2752 0 209040 0 0 0 Melissa Ippolito Director of Nursing 154306 0 14237 0 0 0 8299 0 2983 0 179825 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments The amounts included in Column B(II) are retention bonuses paid out to the Executive Leadership Team members. This was decided by the Finance Committee and the Audit and Compliance Committee of BHN. Form 990, Part I, Line 1 AT THE HEART OF VHS' MISSION IS OUR COMMITMENT TO PROVIDING ACCESS TO A CONTINUUM OF LONG-TERM CARE SERVICES WHEN FAMILIES NEED IT. IN AN EFFORT TO PROVIDE QUALITY, PERSON-CENTERED CARE AND MAKE A DIFFERENCE IN THE LIVES OF OUR RESIDENTS AND THEIR FAMILIES, WE ENSURE OUR RESIDENTS A HOME-LIKE ENVIRONMENT SO THEY EXPERIENCE COMFORT AND PRIVACY. INPATIENT AND OUTPATIENT SERVICES ARE OFFERED TO THE RESIDENTS OF HERKIMER AND SURROUNDING COMMUNITIES. Form 990, Part VI, Line 15 THE BHN COMPENSATION COMMITTEE, MADE UP OF BHN BOARD MEMBERS, WILL CONDUCT AN ANNUAL REVIEW OF SALARY PLANS FOR ALL ORGANIZATIONAL EXECUTIVES. THIS REVIEW WILL TAKE INTO ACCOUNT EXTERNAL SURVEY DATA, RECRUITING EXPERIENCES, ECONOMIC TRENDS, AND A COST IMPACT ANALYSIS FOR THE ORGANIZATION. Form 990, Part VI, Line 6 Classes of members or stockholders BASSETT HEALTHCARE NETWORK IS THE SOLE MEMBER OF VALLEY HEALTH SERVICES, INC. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body BASSETT HEALTHCARE NETWORK IS THE PARENT AND SOLE MEMBER TO EACH OF THE FOLLOWING RELATED PARTIES: FRIENDS OF BASSETT, AURELIA OSBORN FOX MEMORIAL HOSPITAL, BASSETT HOSPITAL OF SCHOHARIE COUNTY, LITTLE FALLS HOSPITAL, O'CONNER HOSPITAL, TEMPLETON FOUNDATION, VALLEY HEALTH SERVICES, VALLEY RESIDENTIAL SERVICES, AND THE MARY IMOGENE BASSETT HOSPITAL. AS PARENT AND SOLE MEMBER, BASSETT HEATHCARE NETWORK HAS THE RIGHT TO APPONT AND REMOVE MEMBERS OF THE GOVERNING BOARDS, INCLUDING, BUT NOT LIMITED TO, APPROVAL OF OPERATING AND CAPITAL BUDGETS, CERTAIN CAPITAL EXPENDITURES, INDEBTEDNESS NOT CONTAINED IN THE APPROVED BUDGETS, SUBSTANTIVE CHANGES IN CLINICAL PROGRAMS, MERGERS, CONSOLIDATIONS, LIQUIDATIONS AND DISSOLUTIONS INVOLVING ITS SUBSIDIARIES AND CERTIFICATE OF NEED APPLICATIONS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders SEE DISCLOSURE FOR PART VI, SECTION A, LINE 7A. Form 990, Part VI, Line 11b Review of form 990 by governing body THE 990S ARE PROVIDED TO THE BOARD BEFORE FILING. IF THERE ARE ANY QUESTIONS OR CONCERNS, THEY CAN RAISE IT WITH THE BOARD, CEO AND/OR CFO. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING THE BOARD OF DIRECTORS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. Form 990, Part VI, Line 15a Process to establish compensation of top management official BASSETT HEALTHCARE NETWORK, HAS A FORMAL PROCESS THAT IS USED TO DETERMINE THE BASE COMPENSATION OF THE PRESIDENT ON AN ANNUAL BASIS. THIS PROCESS INCLUDES A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OF TRUSTEES OR THE COMPENSATION COMMITTEE. THE PRESIDENT'S WORKPLAN AND ACCOMPLISHMENTS FOR THE YEAR ARE OVERSEEN BY THE NETWORK LEADERSHIP. Form 990, Part VI, Line 15b Process to establish compensation of other employees BASSETT HEALTHCARE NETWORK, HAS A FORMAL PROCESS THAT IS USED TO DETERMINE THE BASE COMPENSATION OF ALL ORGANIZATIONAL EXECUTIVES ON AN ANNUAL BASIS. THIS PROCESS INCLUDES A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OF TRUSTEES OR THE COMPENSATION COMMITTEE. THE ORGANIZATIONAL EXECUTIVES WORKPLAN AND ACCOMPLISHMENTS FOR THE YEAR ARE OVERSEEN BY THE NETWORK LEADERSHIP. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Bassett Healthcare Network One Atwell Road Cooperstown NY 13326 133218680 Support NY 501(c)(3) 11 None false Friends of Bassett One Atwell Road Cooperstown NY 13326 237041610 Fundraising NY 501(c)(3) 7 BHN false Mary Imogene Bassett Hospital One Atwell Road Cooperstown NY 13326 135596796 Healthcare NY 501(c)(3) 3 BHN false Bassett Hospital Schoharie County 178 Grandview Drive Cobleskill NY 12043 141772971 Healthcare NY 501(c)(3) 3 BHN false Little Falls Hospital 140 Burwell Street Little Falls NY 13365 150533578 Healthcare NY 501(c)(3) 3 BHN false O'Connor Hospital 460 Andes Road Delhi NY 13753 161540394 Healthcare NY 501(c)(3) 3 BHN false Templeton Foundation One Atwell Road Cooperstown NY 13326 133317084 Landlord NY 501(c)(3) 10 BHN false AO FOX MEMORIAL HOSPITAL ONE NORTON AVENUE ONEONTA NY 13820 150539039 Healthcare NY 501(c)(3) 3 BHN false Valley Residential Services 690 West German Street Herkimer NY 13350 463703838 Elder Care NY 501(c)(3) 10 BHN false Bassett PPS LLC 618 State Highway 7 Oneonta NY 13820 811749905 Healthcare NY 501(c)(3) Type I BHN false At Home Care Inc 25 Main Street Oneonta NY 13820 161287069 Healthcare NY 501(c)(3) 10 BHN false AT HOME CARE PARTNERS INC 25 MAIN STREET ONEONTA NY 13820 562397098 HEALTHCARE NY 501(c)(3) 10 AHC INC false FIRST COMMUNITY CARE OF BASSETT 60 NORTHPOINTE PARKWAY AMHERST NY 14228 161504464 HEALTHCARE NY BHN Related false false STAMFORD PROFESSIONAL ASSOCIATES 1 NORTON AVENUE ONEONTA NY 13820 161322304 RENTAL NY CATSKILL CARE Related false false LEATHERSTOCKING PHYSICIANS PC ONE ATWELL ROAD COOPERSTOWN NY 13326 364864562 HEALTHCARE SVCS NY NA C Corporation false CATSKILL CARE ENTERPRISES 1 NORTON AVENUE ONEONTA NY 13820 161236590 RETAIL PHARMACY NY AO Fox C Corporation false false false false true false false false false false true true true false false false true true false false