2025-11-13T11:51:47-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2024-01-01 221487307 THE VALLEY HOSPITAL INC VALL 2014478000 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 WILLIAM KLUTKOWSKI SENIOR VP OF FINANCE & CFO 2014478000 2025-11-13 1 0 GARRETT M HIGGINS P00543209 2017129800 2025-11-13 2024 2025-03-06 01:10:19Z X ROBERT BRENNER 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 1681144336 0 X WWW.VALLEYHEALTH.COM X 1925 NJ THE VALLEY HOSPITAL SERVES THE COMMUNITY BY HEALING AND CARING FOR PATIENTS, COMFORTING THEIR FAMILIES AND TEACHING GOOD HEALTH. 19 18 4835 1282 13263590 0 54733663 51959731 1055445485 1158426558 9641569 27027112 33252229 22099787 1153072946 1259513188 127498284 131351168 0 0 400103419 431428880 0 0 0 507751391 627342560 1035353094 1190122608 117719852 69390580 2368786881 2453447464 711098872 664821589 1657688009 1788625875 X 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. 0 0 943709582 131351168 1146487707 THE 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 SCREENINGS, SUPPORT GROUPS, AND CLASSES TO ASSIST THOSE IN NEED, AND CARE TO ALL THOSE WHO COME THROUGH OUR DOORS, REGARDLESS OF THEIR ABILITY TO PAY. VALLEY'S LICENSED CAPACITY IN 2023 WAS 431 BEDS. ON APRIL 14, 2024, VALLEY HOSPITAL MOVED FROM RIDGEWOOD TO A NEW FACILITY IN PARAMUS. THE NEW HOSPITAL HAS 370 BEDS.BERGEN COUNTY IS THE MOST POPULOUS COUNTY IN NEW JERSEY AND ONE OF THE WEALTHIEST COUNTIES IN THE UNITED STATES. THERE ARE 978,641 RESIDENTS IN THE 233.01 SQUARE MILES OF BERGEN COUNTY, NJ. THE POPULATION IS 56.9% WHITE AND NON-HISPANIC, 22.7% HISPANIC, 5.2% BLACK, AND 16.6% ASIAN. SEVEN PERCENT OF THE POPULATION IS NOT PROFICIENT IN ENGLISH. THE CHILD POVERTY RATE IS 8%. THE MEDIAN HOUSEHOLD INCOME IS $116,709. RESIDENTS ARE GENERALLY WELL-EDUCATED AND HAVE HIGHER GRADUATION RATES THAN NJ AS A WHOLE AND THE U.S. AS A WHOLE. BERGEN COUNTY FARES BETTER THAN THE AVERAGE COUNTY IN NEW JERSEY FOR HEALTH OUTCOMES. THE VALLEY HOSPITAL EMPLOYS PEOPLE WHO REPRESENT AND LIVE IN THE COMMUNITIES WE SERVE. MORE THAN 3,700 EMPLOYEES CONSTITUTE THE VALLEY HOSPITAL.VALLEY PARTICIPATES IN A COMMUNITY HEALTH NEEDS ASSESSMENT EVERY THREE YEARS. THIS ASSESSMENT IS PART OF A REGIONAL PROJECT CONDUCTED BY PROFESSIONAL RESEARCH CONSULTANTS, INC. (PRC) FOR THE COMMUNITY HEALTH IMPROVEMENT PARTNERSHIP (CHIP) OF BERGEN COUNTY. THE ASSESSMENT INCORPORATES DATA FROM MULTIPLE SOURCES, INCLUDING PRIMARY RESEARCH (THROUGH THE PRC COMMUNITY HEALTH SURVEY AND PRC ONLINE KEY INFORMANT SURVEY), AS WELL AS SECONDARY RESEARCH (VITAL STATISTICS AND OTHER EXISTING HEALTH-RELATED DATA). IT ALSO ALLOWS FOR TRENDING AND COMPARISON TO BENCHMARK DATA AT THE STATE AND NATIONAL LEVELS. IN 2024, 58,290 INDIVIDUALS WERE ADMITTED TO VALLEY, 78,286 PEOPLE WERE TREATED IN THE EMERGENCY DEPARTMENT, AND 3,905 BABIES WERE BORN. VALLEY'S KEY SERVICES INCLUDE CARDIOLOGY, ONCOLOGY, WOMEN'S AND CHILDREN'S SERVICES, EMERGENCY CARE, ORTHOPEDICS, AND NEUROSCIENCES. VALLEY ALSO OFFERS THE SERVICES OF A CENTER FOR MINIMALLY INVASIVE AND ROBOTIC SURGERY, A TOTAL JOINT REPLACEMENT CENTER, A NEUROSCIENCE CENTER, A CENTER FOR BARIATRIC SURGERY AND WEIGHT-LOSS MANAGEMENT, A CENTER FOR SLEEP MEDICINE, THE GAMMA KNIFE CENTER, AND THE KIREKER CENTER FOR CHILD DEVELOPMENT, AMONG OTHERS.VALLEY'S FAMILY CARE CENTER HAD 6,678 VISITS IN 2024. CARE IS PROVIDED TO PATIENTS THROUGH CHARITY CARE AND TO PATIENTS WITH MEDICAID/MEDICARE. THIRTEEN ADULT SUBSPECIALTIES, IN ADDITION TO INTERNAL MEDICINE, ROTATE THROUGH THE CENTER (NEPHROLOGY, NEUROLOGY, GI, RHEUMATOLOGY, GYN, OB, ENT, PULMONARY, CARDIOLOGY, DERMATOLOGY, ORTHOPEDICS, PODIATRY, AND UROLOGY) TO PROVIDE SERVICES FOR THOSE WHO WOULD OTHERWISE STRUGGLE WITH FOLLOW-UP OR CONTINUED CARE. PEDIATRIC PATIENTS ARE ALSO SEEN AT THE CENTER. MANY PATIENTS ARE MEDICALLY COMPLEX AND NEED ASSISTANCE CONNECTING WITH RESOURCES. SOCIAL WORKERS AND A FINANCIAL COORDINATOR ASSIST PATIENTS WITH CONNECTING WITH RESOURCES AND APPLYING FOR NEEDED COVERAGE, SUCH AS CHARITY CARE OR MEDICAID.EACH YEAR, VALLEY DINING PREPARES OVER 23,000 MEALS FOR COMMUNITY MEALS, INC., AND PROVIDES FINANCIAL RESOURCES TO SUPPORT HOMEBOUND OLDER ADULTS IN VALLEY'S SERVICE AREA.VALLEY HEALTH SYSTEM HAS BEEN DESIGNATED AS AN LGBTQ+ HEALTHCARE EQUALITY HIGH PERFORMER BY THE HUMAN RIGHTS CAMPAIGN FOUNDATION, THE EDUCATIONAL ARM OF THE NATION'S LARGEST LESBIAN, GAY, BISEXUAL, TRANSGENDER, AND QUEER (LGBTQ+) CIVIL RIGHTS ORGANIZATION. THE HEALTHCARE EQUALITY INDEX STRIVES TO ENSURE LGBTQ+ PEOPLE ARE PROTECTED AND AFFIRMED BY THEIR HEALTHCARE PROVIDERS AND FEEL SAFE SEEKING SERVICES. HEI ACTIVE PARTICIPANTS ARE RECOGNIZED FOR IMPLEMENTING ROBUST, COMPREHENSIVE LGBTQ+ INCLUSIVE POLICIES THAT HOPEFULLY, BECAUSE OF THEIR WORK, BECOME STANDARD PRACTICE.VALLEY WORKS WITH LOCAL PARTNERS TO PROMOTE INCLUSIVITY AND EQUALITY. WHERE VALLEY WAS A SPONSOR, 2,087 COMMUNITY MEMBERS ATTENDED IN-PERSON AND VIRTUAL EDUCATION PROGRAMS ON LGBTQ+ HEALTH AND LOCAL PRIDE CELEBRATIONS. FORMED IN 2020 IN THE WAKE OF NATIONWIDE PROTESTS AND DEMONSTRATIONS FOLLOWING THE DEATH OF GEORGE FLOYD, THE SOCIAL EQUALITY COUNCIL AIMS TO PROVIDE A FORUM FOR INDIVIDUALS THROUGHOUT VALLEY TO HAVE A VOICE FOR SHARING DIFFERENT PERSPECTIVES. VALLEY'S SOCIAL EQUALITY STRATEGY HAS FIVE FOUNDATIONAL PILLARS THAT REFLECT THE STRATEGIC PRIORITIES CREATED TO ENABLE THE ORGANIZATION TO ADDRESS THE DIVERSE NEEDS OF OUR STAFF, PATIENTS, FAMILIES, AND THE COMMUNITY WE SERVE. THIS STRUCTURAL FRAMEWORK GUIDES THE SOCIAL EQUALITY COUNCIL IN CREATING AN ENVIRONMENT WHERE EMPLOYEES, PATIENTS, AND FAMILIES FEEL SAFE BEING WHO THEY ARE, WHILE ADDRESSING CONCERNS RELATED TO RACE AND EQUALITY.VALLEY CONTINUES TO PARTNER WITH BERGEN COMMUNITY COLLEGE TO DISCUSS HEALTH INEQUITIES AND HEALTH NEEDS OF THE BIPOC COMMUNITY. VALLEY AND BERGEN SPONSORED UCHE BLACKSTOCK, MD, AN ER PHYSICIAN AND PROMINENT ADVOCATE FOR HEALTH EQUITY, WHO SPOKE TO 200 COMMUNITY MEMBERS ABOUT WHY HEALTHCARE REFORM CANNOT SUCCEED WITHOUT ALSO ADDRESSING SYSTEMIC RACISM IN SOCIETY AND HEALTHCARE.PARTICIPATION IN COMMUNITY EDUCATION CLASSES HAS GROWN EXPONENTIALLY THROUGH THE USE OF VIRTUAL EDUCATION TOOLS AND SOCIAL MEDIA. IN 2024, 14,650 PEOPLE ATTENDED FREE, IN-PERSON SCREENINGS, EXERCISE PROGRAMS, AND EDUCATION EVENTS. AN ADDITIONAL 120,732 PEOPLE VIEWED VIRTUAL EDUCATION, PODCASTS, WRITTEN EDUCATION, AND SOCIAL MEDIA. IN 2024, A TOTAL OF 149,918 PEOPLE LEARNED ABOUT GOOD HEALTH FROM VALLEY'S COMMUNITY HEALTH DEPARTMENT. WHEN ASKED, 94.6% OF PARTICIPANTS SHARED THAT THEY INCREASED THEIR KNOWLEDGE AS A RESULT OF ATTENDING ONE OF OUR PROGRAMS. AND 85.3% SAID THEY INTEND TO MAKE LIFESTYLE CHANGES AS A RESULT OF WHAT THEY LEARNED.OVER 900 PEOPLE PARTICIPATED IN FREE BLOOD PRESSURE SCREENING CLINICS, AND 22,329 PEOPLE PARTICIPATED IN PROGRAMS ON CARDIAC AND STROKE. SOME PROGRAM TOPICS INCLUDE WOMEN'S HEART, WHAT IS A CALCIUM SCORE, HIGH BLOOD PRESSURE, ATRIAL FIBRILLATION, AND TIA AND STROKE.BOTH VIRTUAL AND IN-PERSON SESSIONS OF THE VALLEY HOSPITAL'S SMOKING CESSATION PROGRAM WERE OFFERED IN 2024. OF THE 45 PEOPLE WHO COMPLETED THE PROGRAM, 25 PEOPLE REPORT BEING SMOKE-FREE. PARTICIPANTS ALSO REPORT UNEXPECTED BENEFITS AFTER QUITTING, SUCH AS IMPROVED TASTE AND SMELL, BETTER SKIN AND APPEARANCE, AND EVEN REDUCED STRESS LEVELS.THREE HUNDRED AND TWENTY INDIVIDUALS PARTICIPATED IN VALLEY'S FREE WALKING GROUP EXERCISE PROGRAMS. NUTRITION PROGRAMS WERE ATTENDED BY 13,039 PEOPLE, COVERING TOPICS SUCH AS FAD DIETS, NUTRITION TRENDS, NUTRITION JEOPARDY, PLANT-BASED EATING, AND NUTRITION AND DIABETES.VALLEY WORKS WITH THE OTHER BERGEN COUNTY HOSPITALS, THE BERGEN COUNTY HEALTH DEPARTMENT, AND OTHER SERVICE ORGANIZATIONS ON EFFORTS TO IMPROVE HEALTH IN OUR COMMUNITIES. THE CHIP IS JUST ONE COMMUNITY PARTNERSHIP THAT IS DEDICATED TO IMPROVING HEALTH. AS PART OF THE CHIP, VALLEY DONATES INSTRUCTORS TO PROVIDE FREE EXERCISE CLASSES IN LOCAL PARKS. VALLEY ALSO PROVIDES IN-KIND LEADERSHIP TO THE BOARD.THE NORTHWEST BERGEN REGIONAL HEALTH COMMISSION (NWBRHC) PROVIDES PUBLIC HEALTH SERVICES TO MANY TOWNS IN OUR AREA. WE PARTNER WITH NWBRHC TO PROVIDE PUBLIC HEALTH EDUCATION AND NURSING SERVICES TO 12 OF THEIR TOWNS. VALLEY ALSO PROVIDES PUBLIC HEALTH SERVICES TO THE VILLAGE OF RIDGEWOOD AND CHILD HEALTH SERVICES TO FAIR LAWN AND GLEN ROCK. PUBLIC HEALTH NURSES PLAY A CRUCIAL ROLE IN COMMUNICABLE DISEASE CONTROL, FOCUSING ON PREVENTION, INVESTIGATION, AND EDUCATION TO PROTECT COMMUNITIES. INVESTIGATING DISEASE OUTBREAKS WORKS TO MINIMIZE FURTHER TRANSMISSION. PUBLIC HEALTH NURSES ALSO CONDUCT IMMUNIZATION AUDITS IN AREA SCHOOLS. IN 2024, VALLEY'S PUBLIC HEALTH NURSES COMPLETED ALMOST 3,000 INVESTIGATIONS AND AUDITED 86 SCHOOLS WITH 6,809 RECORDS.VALLEY IS PROUD TO AFFILIATE WITH HIGH-QUALITY ORGANIZATIONS TO OFFER OUR PATIENTS THE BEST CARE AND SERVICE. OUR ACADEMIC AFFILIATION WITH THE MOUNT SINAI HEALTH SYSTEM PROVIDES STATE-OF-THE-ART, COMPREHENSIVE CANCER CARE AND SPECIALTY CHILDREN'S SERVICES TO OUR PATIENTS AND THEIR FAMILIES.IN 2024, 29,729 PEOPLE ATTENDED CANCER PROGRAMS. THIS REMARKABLE RESPONSE WAS DUE TO A VIRTUAL PROSTATE CANCER EDUCATION THAT APPEARED TO "GO VIRAL" IN 2023. COLON CANCER AWARENESS, UTERINE CANCER, CANCER IN MEN, AND BREAST HEALTH. 943709582 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 251 0 4835 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X WILLIAM KLUTKOWSKI 2014478000 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 AUDREY MEYERS PRESIDENT & CEO, VHS THRU JUNE 2024 14.30 25.70 X X 0 6593387 54469 ROBERT W BRENNER PRESIDENT & CEO, VHS EFF. JULY 2024 12.00 28.00 X X 0 1878651 31214 KEVIN LOBO CHAIR 0.10 0.50 X X 0 0 0 FRANK J SHEEHY VICE CHAIR 0.10 0.50 X X 0 0 0 ANN LIMBERG VICE CHAIR 0.10 0.50 X X 0 0 0 JOSEPH MARION TREASURER 0.10 0.50 X X 0 0 0 DENIS SALAMONE SECRETARY 0.10 0.50 X X 0 0 0 JUDY BASELICE TRUSTEE 0.10 0.50 X 0 0 0 JAMES BUSH TRUSTEE 0.10 0.50 X 0 0 0 VINCENT FORLENZA CHAIR EMERITUS 0.10 0.50 X 0 0 0 MICHELLE HASSON TRUSTEE 0.10 0.50 X 0 0 0 M SHAWN KENNEDY TRUSTEE 0.10 0.50 X 0 0 0 BRUCE MACTAS TRUSTEE 0.10 0.50 X 0 0 0 MICHAEL MCGUIRE TRUSTEE 0.10 0.50 X 0 0 0 DUANE SACHS TRUSTEE 0.10 0.50 X 0 0 0 SCOTT SCHROEDER TRUSTEE 0.10 0.50 X 0 0 0 JEFFREY TUCKER TRUSTEE 0.10 0.50 X 0 0 0 PATRICIA VERDUIN TRUSTEE 0.10 0.50 X 0 0 0 WAYNE WALD ESQ TRUSTEE 0.10 0.50 X 0 0 0 TIMOTHY WENTWORTH TRUSTEE 0.10 0.50 X 0 0 0 WILLIAM KLUTKOWSKI SR. VP, FINANCE & CFO 12.00 28.00 X 0 1252548 53234 CHARLES VANNOY VP/CNO, PATIENT CARE SVCS 40.00 0.00 X 595903 0 52537 KARTEEK BHAVSAR SR VP & COO 20.00 20.00 X 0 1177040 29075 JOSEPH YALLOWITZ VP & CHIEF MEDICAL OFFICER 40.00 0.00 X 928406 0 58016 PETER DIESTEL TRANSITIONAL CONSULTANT 40.00 0.00 X 446537 0 32951 DAVID BOHAN VP & CHIEF PHILANTHROPY OFFICER 4.00 36.00 X 678150 0 31939 BRAD HASPEL VP, ANCILLARY SERVICES 40.00 0.00 X 497191 0 33874 BETTYANN KEMPIN VP, ADMINISTRATION 40.00 0.00 X 483237 0 38570 3629424 10901626 415879 1199 0 1 0 TORCON INC 328 NEWMAN SPRINGS ROAD RED BANK NJ 07091 GENERAL CONTRACTOR 76231466 FMG GENERAL CONTRACTING CO INC 616 MIDLAND AVENUE YONKERS NY 10704 GENERAL CONTRACTOR 15223380 VAYA WORKFORCE SOLUTIONS LLC PO BOX 713427 CHICAGO IL 606674327 TEMPORARY STAFFING 14187908 NIHON KOHDEN AMERICA INC 15615 ALTON PARKWAY IRVINE CA 92618 GENERAL CONTRACTOR 7194295 DANKER LLC 291 EVANS WAY SOMERVILLE NJ 08876 ELECTRICAL CONTRACTOR 5793868 410 39050123 12909608 51959731 PATIENT SERVICE REVENU 622110 1132383338 1132383338 PHARMACY 622110 22104012 10165161 11938851 HEALTH AND WELLNESS CE 713940 3939208 3939208 1158426558 24577720 24577720 43317 43317 11686262 9186913 2499349 2499349 2499349 414850310 412444235 2406075 2406075 2406075 PURCHASE DISCOUNTS AND 900099 14476790 14476790 FOOD SERVICES 722514 3217833 3217833 NON-PATIENT LABORATORY 541380 1324739 1324739 581076 581076 19600438 1259513188 1146487707 13263590 47802160 131351168 131351168 648440 523008 125432 4785 4785 361371863 292811904 68559959 14777816 11974558 2803258 30491420 24707253 5784167 24134556 19556231 4578325 3527821 3527821 215662 215662 51909359 40810192 11099167 1122030 530565 591465 5526108 3621042 1905066 27583172 12733495 14849677 599692 438983 160709 3578099 3327559 250540 10227156 10227156 84061460 84061460 SUPPLIES 223731581 96889288 126842293 DRUGS 140314570 140314570 PROVISION FOR BAD DEBT 41196849 41196849 EQUIPMENT RENTAL 27418724 22300094 5118630 6330277 6329422 855 1190122608 943709582 246413026 0 7080761 13838843 110203286 140492056 24032858 24808330 11067272 9245381 2172681011 954204912 1150660926 1218476099 915632141 878357244 150109637 168229511 2368786881 2453447464 195373452 177459058 333262362 318231797 60605214 59177461 121857844 109953273 711098872 664821589 X 1650912107 1781828668 6775902 6797207 1657688009 1788625875 2368786881 2453447464 X 69390580 44719868 16827418 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20381631 251625 2431148 763000 22301404 18289676 522678 2135133 565856 20381631 20840125 303256 -2170944 682761 18289676 20740794 1085386 2340095 3326150 20840125 18696561 580178 2048555 584500 20740794 0.17796 0.45832 0.36372 0 0 92685923 92685923 1470826410 550771058 920055352 576716123 402438742 174277381 32452555 995112 31457443 1218476099 ASSETS HELD BY RELATED ORGANIZATION 31595555 DEFERRED FINANCING COSTS AND OTHER ASSETS 136633956 168229511 ACCRUED BOND INTEREST PAYABLE 6152175 AMOUNT DUE TO THIRD PARTY PAYERS AND OTHER LIABILITIES 68752402 ESTIMATED PROFESSIONAL MEDICAL LIABILITY 35048696 109953273 X 1455006000 44719868 323058821 367778689 1087227311 172285877 172285877 1259513188 1325373000 346392269 346392269 978980731 211141877 211141877 1190122608 PART V, LINE 4: THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE ENDOWMENT FUNDS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE FUNDS. TO SATISFY LONG-TERM RETURN OBJECTIVES, THE ORGANIZATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE ORGANIZATION EMPLOYS A LONG-TERM EQUITY ORIENTED STRATEGY OF INVESTING IN BOTH TRADITIONAL AND ALTERNATIVE ASSET CLASSES. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2024 OR 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 9,186,913. REVENUE ATTRIBUTABLE TO RELATED ORGANIZATION 263,466,065. ELIMINATIONS 38,856,000. TRANSFERS FROM VHS - COLIGOCARE SHARED SAVINGS 3,759,704. TRANSFERS FROM VHS - CAPTIVE SAVINGS 7,790,139. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR BAD DEBT 41,196,849. CONTRIBUTIONS NETTED AGAINST EXPENSES 131,089,028. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 9,186,913. EXPENSES ATTRIBUTABLE TO RELATED ORGANIZATION 337,205,356. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR BAD DEBT 41,196,849. CONTRIBUTION NETTED AGAINST EXPENSES 131,089,028. ELIMINATIONS 38,856,000. 1 1 X 1 X 1 X 500.000000000000 1 1 0 1 1 10386309 258259 10128050 0.00850 38886656 24525169 14361487 0.01210 0 0 49272965 24783428 24489537 0.02060 4051393 48685 4002708 0.00340 5039708 0 5039708 0.00420 3008196 0 3008196 0.00250 3316941 3316941 0.00280 554098 554098 0.00050 15970336 48685 15921651 0.01340 65243301 24832113 40411188 0.03400 2 312267 312267 0.00030 2 35980 35980 0.00000 3 586 283950 283950 0.00020 7 586 632197 632197 0.00050 1 41196849 17714646 346680880 489628046 -142947166 X 1 1 1 1 THE VALLEY HOSPITAL 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 X THE VALLEY HOSPITAL 1 0 0 1 X X X X X X X X X 22 1 1 1 1 X WWW.VALLEYHEALTH.COM/SERVICES/COMMUNITY-HEALTH X 1 22 1 WWW.VALLEYHEALTH.COM/SERVICES/COMMUNITY-HEALTH 0 1 X 200.000000000000 500.000000000000 X X X 1 1 X X X 1 X WWW.VALLEYHEALTH.COM/BILLING-INSURANCE/FINANCIAL-ASSISTANCE X WWW.VALLEYHEALTH.COM/BILLING-INSURANCE/FINANCIAL-ASSISTANCE X WWW.VALLEYHEALTH.COM/BILLING-INSURANCE/FINANCIAL-ASSISTANCE X X X X X X 1 X 0 X X X 1 X 0 0 THE VALLEY HOSPITAL PART V, SECTION B, LINE 5: THE ASSESSMENT INCORPORATES DATA FROM MULTIPLE SOURCES, INCLUDING PRIMARY RESEARCH (THROUGH THE PRC COMMUNITY HEALTH SURVEY AND PRC ONLINE KEY INFORMANT SURVEY) AND QUALITATIVE RESEARCH, INCLUDING FOCUS GROUPS AND KEY INFORMANT INTERVIEWS, AS WELL AS A REVIEW OF SECONDARY DATA, INCLUDING VITAL STATISTICS AND OTHER EXISTING HEALTH INDICATORS. 1,356 COMMUNITY HEALTH SURVEYS AND 146 KEY INFORMANT SURVEYS WERE COMPLETED. THE VALLEY HOSPITAL PART V, SECTION B, LINE 6A: THE VALLEY HOSPITAL IS PART OF A REGIONAL PARTNERSHIP, THE COMMUNITY HEALTH IMPROVEMENT PARTNERSHIP (CHIP) OF BERGEN COUNTY. THE OTHER HOSPITAL FACILITIES INCLUDED IN THE CHIP AND THEREFORE THE ASSESSMENT ARE: HOLY NAME MEDICAL CENTER, ENGLEWOOD HEALTH, HACKENSACK MERIDIAN HACKENSACK UNIVERSITY MEDICAL CENTER, HACKENSACK MERIDIAN PASCACK VALLEY MEDICAL CENTER, BERGEN NEW BRIDGE MEDICAL CENTER, AND CHRISTIAN HEALTH. THE VALLEY HOSPITAL PART V, SECTION B, LINE 6B: THE HOSPITAL'S CHNA WAS ALSO COMPLETED WITH THE COMMUNITY HEALTH IMPROVEMENT PARTNERSHIP OF BERGEN COUNTY AND THE DEPARTMENT OF HEALTH. THE VALLEY HOSPITAL PART V, SECTION B, LINE 11: THE PRIORITIES PREVIOUSLY IDENTIFIED IN THE 2019 ASSESSMENT CONTINUE TO BE PRESSING NEEDS BUT ARE NOW FURTHER COMPLICATED BY THE IMPACT OF THE COVID-19 PANDEMIC. EXISTING INEQUITIES IN OPPORTUNITY, ACCESS, AND EDUCATION WERE EXACERBATED BY THE PANDEMIC. THE INEQUITIES HIGHLIGHTED BY THE PANDEMIC ELEVATED HEALTH EQUITY AS A LENS TO BE PRIORITIZED AND MORE CLOSELY ADDRESSED IN THE 2022-2025 PLANNING EFFORT.HEALTH NEEDS IDENTIFIED IN THE CHNA RESEARCH WERE CONFIRMED BY COMMUNITY STAKEHOLDERS AND REFINED THROUGH COLLABORATIVE DISCUSSION. LOCAL CONCERNS WERE THEN ALIGNED WITH THE STATEWIDE HEALTH PRIORITIES IN THE NEW JERSEY STATE HEALTH IMPROVEMENT PLAN (2020). THIS APPROACH ENSURES PRIORITY AREAS REFLECT LOCAL CONCERNS AND COMMUNITY-GENERATED STRATEGIES FOR ACTION WHILE ESTABLISHING A CONNECTION TO STATEWIDE INITIATIVES. THERE WAS OVERWHELMING SUPPORT FOR THE STRATEGY, AND ULTIMATELY PARTICIPANTS ENDORSED THE PRIORITY AREAS FOR 2023-2025 AS HEALTHY MINDS, HEALTHY BODIES, AND BUILDING BRIDGES. HEALTHY MINDS - BEHAVIORAL HEALTH AND MENTAL HEALTH, SUBSTANCE ABUSE, STRESS, ADVERSE CHILDHOOD EXPERIENCES. HEALTHY BODIES - CHRONIC DISEASE PREVENTION AND AWARENESS. THIS INCLUDES CANCER, DIABETES, HEART DISEASE, STROKE, TOBACCO USE, NUTRITION, PHYSICAL ACTIVITY AND WEIGHT, RESPIRATORY DISEASES. BUILDING BRIDGES - IMPROVING COMMUNICATION, FOSTERING COLLABORATION, OUTREACH AND INCLUSION. SUB-PRIORITIES INCLUDE APPOINTMENT AVAILABILITY, FINDING A PHYSICIAN, INCONVENIENT HOURS, AND LACK OF TRANSPORTATION. SCHEDULE H, PART V, SECTION B, LINE 5: THE HOSPITAL FACILITY TOOK INTO ACCOUNT INPUT FROM PERSONS WHO REPRESENT THE COMMUNITY BY ENGAGING INDIVIDUALS ACROSS BERGEN COUNTY TO PARTICIPATE IN THE ASSESSMENT AND PLANNING PROCESS. REPRESENTATIVES FROM HEALTH AND SOCIAL SERVICE PROVIDERS; COUNTY LEADERSHIP AND STAFF; FAITH LEADERS; COMMUNITY RESIDENTS; HOSPITAL LEADERSHIP, CLINICIANS AND STAFF; COMMUNITY AND PUBLIC HEALTH OFFICIALS; AND COMMUNITY ORGANIZERS AND ADVOCATES PARTICIPATED IN THE PROCESS. EACH REPRESENTATIVE ORGANIZATION ON THE STEERING COMMITTEE SUBMITTED A LIST OF KEY INFORMANTS THAT COULD PROVIDE A DEEP AND BROAD PERSPECTIVE ON THE HEALTH-RELATED NEEDS OF THE COUNTY AND BECAUSE OF THEIR ABILITY TO IDENTIFY PRIMARY CONCERNS OF THE POPULATIONS WITH WHOM THEY WORK. REFINED THE FINDINGS FROM QUANTITATIVE DATA SOURCES AND PROVIDED VALUABLE INSIGHT ON COMMUNITY NEED, COMMUNITY HEALTH PRIORITIES, TO ENSURE THE BEST REPRESENTATION OF THE POPULATION SURVEYED, A MIXED-MODE METHODOLOGY WAS IMPLEMENTED. THIS INCLUDED TARGETED SURVEYS CONDUCTED BY PRC VIA TELEPHONE (CELL PHONE AND LANDLINE) OR THROUGH ONLINE QUESTIONNAIRES, AS WELL AS A COMMUNITY OUTREACH COMPONENT, PROMOTED BY THE STUDY SPONSERS THROUGH SOCIAL MEDIA POSTING AND OTHER COMMUNICATIONS,RANDOM-SMAPLE SURVEYS WERE USED FOR TARGETED ADMINISTRATION, PRC ADMINISTERED 571 SURVEYS AT RANDOM THROUGHOUT THE SERVICE AREA.COMMUNITY OUTREACH SURVEYS (COMMUNITY HEALTH IMPROVEMENT PARTNERSHIP OF BERGEN COUNTY) PRC CREATED A LINK TO AN ONLINE VERSION OF THE SURVEY, AND AREA HOSPITALS ALONG WITH PARTNERSHIP ORGANIZATIONS PROMOTED THIS LINK THROUGHOUT THE VARIOUS COMMUNITIES IN ORDER TO DRIVE ADDITIONAL PARTICIPATION AND BOLSTER OVERALL SAMPLES. THIS YIELDED AN ADDITIONAL 785 SURVEYS TO THE OVERALL SAMPLE.IN ALL 1,356 SURVEYS WERE COMPLETED THROUGH THESE MECHANISMS. ONCE THE INTERVIEWS WERE COMPLETED, THESE WERE WEIGHTED IN PROPORTION TO THE ACTUAL POPULATION DISTRIBUTION SO AS TO APPROPRIATELY REPRESENT THE SERVICE AREA AS A WHOLE. ALL ADMINSITRATION OF THE SURVEYS, DATA COLLECTION, AND DATA ANALYSIS WAS CONDUCTED BY PRC.THE FOLLOWING FOCUS GROUPS AND INDIVIDUALS WERE CONSULTED:FOCUS GROUPS:- AFRICAN AMERICAN COMMUNITY LEADERS- ELDER CARE PROVIDERS- EMT/FIRST RESPONDERS- HEALTH OFFICALS FROM BERGEN COUNTY COMMUNITY - KOREAN LANGUAGE SPEAKERS- LGBTQ+ COMMUNITY MEMBERS- MENTAL HEALTH AND SUBSTANCE USER PROVIDERS- LATINX COMMUNITY LEADERS- YOUTH SERVICE PROVIDERSVIRTUAL INTERVIEWS:- LYNN ALGRANT, BERGEN COMMUNITY ACTION- HELEN ARCHIONTOU, YMCA NORTHERN NJ- DR. HILLARY COHEN, CME ENGELWOOD HEALTH- LIZ CORSINI, BERGEN FAMILY CENTER- DR. MOHAMMED ELRAFEI, CHRISTIAN HEALTH RAMAPO RIDGE PSYCHIATRIC HOSPITAL- SOFIA MAGNIFICO, CHRISTIAN HEALTH- MICHAEL MCCANN, FORGE HEALTH- COMMINSIONER GERMAINE ORTIZ- KRISTINE PENDY, BERGEN NEW BRIDGE HEALTH- VITO VENERUSO, NORTH HUDSON COMMUNITY ACTION- DEBORAH VISCONI, BERGEN NEW BRIDGE MEDICAL CENTER- EJ VIZZI, AGE FRIENDLY TEANECK- CHAIRWOMEN, COMMISSIONR TRACY ZUR PART I, LINE 6A: THE HOSPITAL PREPARES AN ANNUAL COMMUNITY BENEFIT REPORT AND IS AVAILABLE UPON REQUEST. COMMUNITY BENEFIT STATISTICS ARE ALSO REPORTED AT OUR ANNUAL MEETING, WHICH IS OPEN TO THE PUBLIC. PART I, LINE 7: THE COST TO CHARGE RATIO USED TO CALCULATE THE AMOUNTS IN THE TABLE WAS DERIVED FROM WORKSHEET 2, RATIO OF PATIENT CARE COST-TO-CHARGES. PART I, LINE 7G: THERE ARE NO SUBSIDIZED HEALTH SERVICES WHICH ARE ATTRIBUTABLE TO A PHYSICIAN CLINIC. COSTS INCLUDED REPRESENT MEDICATION AND TRANSPORTATION FOR INDIGENT PATIENTS. PART II, COMMUNITY BUILDING ACTIVITIES: SEE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS PART III, LINE 2: THIS IS THE TOTAL BAD DEBT EXPENSE FOR THE HOSPITAL DISCOUNTED BY THE RATIO OF PATIENT CARE COST TO CHARGES. PART III, LINE 3: THIS IS THE TOTAL BAD DEBT EXPENSE FOR PATIENTS ELIGIBLE FOR FINANCIAL ASSISTANCE DISCOUNT BY THE RATIO OF PATIENT CARE COST TO CHARGES. PART III, LINE 4: NET PATIENT SERVICE REVENUES ARE RECOGNIZED AT THE AMOUNT THAT REFLECTS THE CONSIDERATION TO WHICH THE ORGANIZATION EXPECTS TO BE ENTITLED IN EXCHANGE FOR PROVIDING PATIENT CARE. THESE AMOUNTS ARE DUE FROM PATIENTS, THIRD-PARTY PAYORS (INCLUDING COMMERCIAL AND GOVERNMENTAL PROGRAMS) AND OTHERS AND INCLUDES VARIABLE CONSIDERATION FOR RETROACTIVE REVENUE ADJUSTMENTS DUE TO SETTLEMENT OF AUDITS, REVIEWS AND INVESTIGATIONS. GENERALLY, THE ORGANIZATION BILLS THE PATIENTS AND THIRD-PARTY PAYORS SEVERAL DAYS AFTER THE SERVICES ARE PERFORMED AND/OR THE PATIENT IS DISCHARGED FROM THE FACILITY. REVENUES ARE RECOGNIZED AS PERFORMANCE OBLIGATIONS ARE SATISFIED.PERFORMANCE OBLIGATIONS ARE DETERMINED BASED ON THE NATURE OF THE SERVICES PROVIDED BY THE ORGANIZATION. REVENUES FOR PERFORMANCE OBLIGATIONS SATISFIED OVER TIME IS RECOGNIZED BASED ON ACTUAL SERVICES INCURRED IN RELATION TO TOTAL EXPECTED (OR ACTUAL) PAYMENTS. THE ORGANIZATION BELIEVES THAT THIS METHOD PROVIDES A FAITHFUL DEPICTION OF THE TRANSFER OF SERVICES OVER THE TERM OF THE PERFORMANCE OBLIGATION BASED ON THE INPUTS NEEDED TO SATISFY THE OBLIGATION. GENERALLY, PERFORMANCE OBLIGATIONS SATISFIED OVER TIME RELATE TO PATIENTS IN THE ORGANIZATION RECEIVING INPATIENT ACUTE CARE SERVICES. THE ORGANIZATION MEASURES THE PERFORMANCE OBLIGATION FROM ADMISSION INTO THE FACILITY TO THE POINT WHEN IT IS NO LONGER REQUIRED TO PROVIDE SERVICES TO THAT PATIENT, WHICH IS GENERALLY AT THE TIME OF DISCHARGE. REVENUES FOR PERFORMANCE OBLIGATIONS SATISFIED AT A POINT IN TIME ARE RECOGNIZED WHEN SERVICES ARE PROVIDED AND THE ORGANIZATION DOES NOT BELIEVE IT IS REQUIRED TO PROVIDE ADDITIONAL SERVICES TO THE PATIENT.GENERALLY, BECAUSE ALL THE ORGANIZATION'S PERFORMANCE OBLIGATIONS RELATE TO CONTRACTS WITH A DURATION OF LESS THAN ONE YEAR, THE ORGANIZATION HAS ELECTED TO APPLY THE OPTIONAL EXEMPTION PROVIDED IN ACCOUNTING STANDARD CODIFICATION (ASC) 606-10-50-14(A) AND, THEREFORE, THE ORGANIZATION IS NOT REQUIRED TO DISCLOSE THE AGGREGATE AMOUNT OF THE TRANSACTION PRICE ALLOCATED TO PERFORMANCE OBLIGATIONS THAT ARE UNSATISFIED OR PARTIALLY UNSATISFIED AT THE END OF THE REPORTING PERIOD. THE UNSATISFIED OR PARTIALLY UNSATISFIED PERFORMANCE OBLIGATIONS REFERRED TO ABOVE ARE PRIMARILY RELATED TO INPATIENT ACUTE CARE SERVICES AT THE END OF THE REPORTING PERIOD. THE PERFORMANCE OBLIGATIONS FOR THESE CONTRACTS ARE GENERALLY COMPLETED WHEN THE PATIENTS ARE DISCHARGED, WHICH GENERALLY OCCURS WITHIN DAYS OR WEEKS OF THE END OF THE REPORTING PERIOD.THE ORGANIZATION DETERMINES THE TRANSACTION PRICE BASED ON STANDARD CHARGES FOR SERVICES PROVIDED, REDUCED BY CONTRACTUAL ADJUSTMENTS PROVIDED TO THIRD-PARTY PAYORS, DISCOUNTS PROVIDED TO UNINSURED PATIENTS IN ACCORDANCE WITH THE ORGANIZATION'S POLICY AND/OR IMPLICIT PRICE CONCESSIONS PROVIDED TO UNINSURED PATIENTS. THE ORGANIZATION DETERMINES ITS ESTIMATES OF CONTRACTUAL ADJUSTMENTS AND DISCOUNTS BASED ON CONTRACTUAL AGREEMENTS, ITS DISCOUNT POLICIES AND HISTORICAL EXPERIENCE. THE ORGANIZATION DETERMINES ITS ESTIMATE OF IMPLICIT PRICE CONCESSIONS BASED ON ITS HISTORICAL COLLECTION EXPERIENCE WITH THIS CLASS OF PATIENTS. PART III, LINE 8: IN ADDITION TO CHARITY CARE, BAD DEBT, AND THE TREATMENT OF FINANCIALLY NEEDY PATIENTS UNDER THE MEDICAID PROGRAM, THE HOSPITAL PROVIDES SERVICES TO ELDERLY AND DISABLED PATIENTS COVERED UNDER THE MEDICARE PROGRAM REGARDLESS OF INCOME. THE UNPAID COSTS ATTRIBUTED TO PROVIDING CARE UNDER THIS PROGRAM (MEDICARE SHORTFALL) ARE CONSIDERED TO BE COMMUNITY BENEFIT. PART III, LINE 9B: WHEN A PATIENT MAY QUALIFY FOR CHARITY CARE OR FINANCIAL ASSISTANCE, OUR SYSTEM IS SET UP TO STOP SENDING STATEMENTS TO PREVENT THEM FROM GOING TO A COLLECTION AGENCY. WE ALSO HAVE THE ABILITY TO MANUALLY PUT AN ACCOUNT ON HOLD TO AVOID COLLECTION ACTIVITY AS WELL. PART VI, LINE 2: HOSPITAL STAFF REVIEWS ALL THE DISCHARGE DATA FROM THE STATE DOHSS TO DETERMINE WHAT THE MAJOR HEALTH ISSUES ARE IN THE COMMUNITY. WE LOOK AT DISEASE SPECIFIC INCIDENCE RATES IN OUR COMMUNITY AND DEVELOP FORECASTS FOR WHAT HEALTH ISSUES ARE PROJECTED TO PLAGUE THE POPULATION IN THE FUTURE. WE REVIEW CENSUS DATA TO MONITOR DEMOGRAPHIC SHIFTS AND WE CONDUCT QUALITATIVE RESEARCH (FOCUS GROUPS) TO ASSESS COMMUNITY FEEDBACK TO NEW PROGRAMS AND SERVICES. WE DEVELOP OUR CORE SERVICES AROUND THE MAJOR HEALTH ISSUES IN THE COMMUNITY - THUS, THEY ARE MOSTLY IN THE AREA OF HEART AND VASCULAR DISEASE, ONCOLOGY (MEDICAL AND SURGICAL), NEUROLOGY (STROKE) AND WOMEN'S AND CHILDREN'S SERVICES (OB, NICU, PICU, MFM AND IVF). PART VI, LINE 3: SIGNS ARE POSTED AT EVERY REGISTRATION AREA. INFORMATION REGARDING FINANCIAL SCREENING IS POSTED ON THE HOSPITAL'S WEBSITE FOR CHARITY CARE AS WELL AS THE UNINSURED DISCOUNT POLICY. PATIENTS CAN PRINT APPLICATIONS AND REQUIREMENTS FROM THE WEBSITE. THE HOSPITAL'S STATEMENTS CONTAIN INFORMATION ALERTING PATIENTS OF FINANCIAL ASSISTANCE. THE HOSPITAL'S HANDBOOKS EXPLAIN FINANCIAL OPTIONS WHICH INCLUDE INFORMATION OF STATE ASSISTANCE, DISCOUNT POLICY AND ANY OTHER TYPE OF FINANCIAL ARRANGEMENT. PART VI, LINE 4: THE PRIMARY AND SECONDARY SERVICE AREA OF THE VALLEY HOSPITAL IS COMPOSED OF 34 TOWNS IN NORTHWEST BERGEN AND PASSAIC COUNTIES. THESE COMMUNITIES ACCOUNT FOR OVER 65% OF ALL OF OUR DISCHARGES. THE POPULATION IS 460,000 PEOPLE. PART VI, LINE 5: CONSTRUCTION IS CURRENTLY IN PROCESS FOR A NEW STATE OF THE ART HOSPITAL OPENING IN 2024. THE NEW HOSPITAL WILL PROVIDE AN EVEN BETTER EXPERIENCE FOR PATIENTS AND FAMILIES, MEETING THE HEALTH CARE NEEDS OF THE NORTHERN NEW JERSEY COMMUNITY FOR YEARS TO COME. 1 VALLEY PHYSICIAN SERVICES INC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 320041186 501 (C) 3 130744481 0 GENERAL SUPPORT VALLEY HEALTH SYSTEM INC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 222922016 501 (C) 3 344547 0 GENERAL SUPPORT BERGEN VOLUNTEER MEDICAL INITIATIVE 75 ESSEX STREET HACKENSACK NJ 07692 202633437 501 (C) 3 30000 0 GENERAL SUPPORT BOROUGH OF PARAMUS 1 JOCKISH SQUARE PARAMUS NJ 07652 226002186 BOROUGH OF PARAMUS 25000 0 GENERAL SUPPORT PONY POWER THERAPIES INC 1170 RAMAPO VALLEY ROAD MAHWAH NJ 07430 203210841 501 (C) 3 20000 0 GENERAL SUPPORT AMERICAN RED CROSS 209 FAIRFIEDL ROAD FAIRFIELD NJ 07004 530196605 501 (C) 3 15000 0 GENERAL SUPPORT AMERICAN CANCER SOCIETY 2310 ROUTE 34 LOWER LEVEL MANASQUAN NJ 08736 131788491 501 (C) 3 15000 0 GENERAL SUPPORT BERGEN PERFORMING ARTS CENTER INC 30 NORTH VAN BRUNT STREET ENGLEWOOD NJ 07631 300194642 501 (C) 3 15000 0 GENERAL SUPPORT CHILDREN'S AID & FAMILY SERVICES 200 ROBIN ROAD PARAMUS NJ 07652 221487147 501 (C) 3 13000 0 GENERAL SUPPORT MAHWAH REGIONAL CHAMBER OF COMMERCE 1 INTERNATIONAL BOULEVARD MAHWAH NJ 07495 223145589 501 (C) 6 12740 0 GENERAL SUPPORT CHRISTIAN HEALTH CARE CENTER 301 SICOMAC AVENUE WYCKOFF NJ 07481 221546163 501 (C) 3 11000 0 GENERAL SUPPORT BOYS & GIRLS CLUB OF PATERSON 264 21ST AVE PATERSON NJ 07501 221726665 501 (C) 3 10000 0 GENERAL SUPPORT FAMILY PROMISE 100 DAYTON ST RIDGEWOOD NJ 07450 222853599 501 (C) 3 10000 0 GENERAL SUPPORT NJ HOSPITAL ASSOCIATION PO BOX 828776 PHILADELPHIA PA 191828776 210618622 501 (C) 6 10000 0 GENERAL SUPPORT WEST BERGEN MENTAL HEALTH INC 120 CHESTNUT ST RIDGEWOOD NJ 07450 221736531 501 (C) 3 8000 0 GENERAL SUPPORT MONTVALE CHAMBER OF COMMERCE 12 MERCEDES DRIVE MONTVALE NJ 07645 208485568 501 (C) 6 7500 0 GENERAL SUPPORT THE SHARING NETWORK FOUNDATION INC 691 CENTRAL AVENUE NEW PROVIDENCE NJ 07974 202737719 501 (C) 3 7500 0 GENERAL SUPPORT ADLER APHASIA CENTER 60 W HUNTER AVE MAYWOOD NJ 07607 020687863 501 (C) 3 7000 0 GENERAL SUPPORT SYMMETRE DESIGN GROUP LLC 555 GOFFLE ROAD SUITE 214 RIDGEWOOD NJ 07450 223752838 6400 0 GENERAL SUPPORT MOUNT SINAI HEALTH SYSTEM 1 GUSTAVE L LEVY PLACE BOX 1223 NEW YORK NY 100029657 133939476 501 (C) 3 6000 0 GENERAL SUPPORT 15 5 PART I, LINE 2: THE BOARD'S COMMITTEE FOR COMMUNITY BENEFITS APPROVES THE GRANTS AND CHECKS ARE SENT TO EACH RECIPIENT BY YEAR-END, PROVIDING A CLEAR TIMELINE FOR THE PROCESS. THE RECIPIENTS THEN RECEIVE A LETTER FOR THE AWARD AMOUNT THAT STIPULATES REPORTS MUST BE SENT TO THE ORGANIZATION CONVEYING WHAT THE FUNDS HAVE BEEN USED FOR DURING THE YEAR. THE REQUIRED REPORTS MUST BE SENT TO THE ORGANIZATION BY JULY 1 EVERY YEAR. ONCE THE REPORTS ARE RECEIVED, THE ORGANIZATION'S STAFF REVIEWS THE REPORTS TO ENSURE THE GRANT FUNDS ARE UTILIZED AS STIPULATED. X 1 0 X X X X 0 1 0 0 0 0 0 1 0 AUDREY MEYERS PRESIDENT & CEO, VHS THRU JUNE 2024 0 1414852 0 1167040 0 4011495 0 25875 0 28594 0 6647856 0 3954895 ROBERT W BRENNER PRESIDENT & CEO, VHS EFF. JULY 2024 0 1277532 0 443100 0 158019 0 15525 0 15689 0 1909865 0 0 WILLIAM KLUTKOWSKI SR. VP, FINANCE & CFO 0 830046 0 309631 0 112871 0 24150 0 29084 0 1305782 0 0 KARTEEK BHAVSAR SR VP & COO 0 794877 0 334460 0 47703 0 25875 0 3200 0 1206115 0 0 JOSEPH YALLOWITZ VP & CHIEF MEDICAL OFFICER 657683 0 192075 0 78648 0 18975 0 39041 0 986422 0 0 0 DAVID BOHAN VP & CHIEF PHILANTHROPY OFFICER 457520 0 175792 0 44838 0 15850 0 16089 0 710089 0 0 0 CHARLES VANNOY VP/CNO, PATIENT CARE SVCS 415907 0 129282 0 50714 0 25453 0 27084 0 648440 0 0 0 BRAD HASPEL VP, ANCILLARY SERVICES 329453 0 97969 0 69769 0 20945 0 12929 0 531065 0 0 0 BETTYANN KEMPIN VP, ADMINISTRATION 330461 0 103603 0 49173 0 24341 0 14229 0 521807 0 0 0 PETER DIESTEL TRANSITIONAL CONSULTANT 355287 0 91250 0 0 0 18847 0 14104 0 479488 0 0 0 PART I, LINE 3 THE ORGANIZATION'S BOARD IS A SHARED BOARD WITH THE VALLEY HEALTH SYSTEM. THE VALLEY HEALTH SYSTEM HAS DEVELOPED A COMPENSATION PLAN, WHICH GOVERNS THE COMPENSATION FOR ALL EXECUTIVES, INCLUDING THE CEO AND VICE PRESIDENTS OF THE ORGANIZATION. THE PLAN WAS DEVELOPED IN CONJUNCTION WITH A CONSULTING FIRM, REVIEWED BY THE PHYSICIAN LEADERSHIP COUNCIL AND APPROVED BY THE BOARD OF TRUSTEES AND THE VALLEY HEALTH SYSTEM PHYSICIAN COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE PLAN IS REVIEWED AND UPDATED AS NEEDED. PART I, LINE 4B AUDREY MEYERS, WILLIAM KLUTKOWSKI AND PETER DIESTEL PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE FOLLOWING INDIVIDUAL RECEIVED A PAYMENT IN 2024: AUDREY MEYERS, $3,954,895 AS REPORTED IN PART II, COLUMN BIII AND COLUMN F. AUDREY MEYERS AND PETER DIESTEL PARTICIPATED IN A CAP-EX (SPLIT-DOLLAR LIFE INSURANCE PLAN). THEY DID NOT RECEIVE A PAYMENT DURING 2024. SEE SCHEDULE L, PART V, FOR A BROADER DESCRIPTION OF THE ARRANGEMENT. PART I, LINE 7 EMPLOYEES OF THE ORGANIZATION RECEIVED A BOARD-APPROVED DISCRETIONARY BONUS, AWARDED BASED ON PERFORMANCE, AS REPORTED IN PART II, COLUMN B(II). A NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY 221987084 645790NB8 2019-12-11 402437137 CONSTRUCTION OF NEW HOSPITAL 0 0 0 A 65065000 404876950 2437137 400000000 2024 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 0 0 0 0 1 A 1 PART II, LINE 1 OF THE $65,065,000 REPORTED AS AMOUNT OF BONDS RETIRED, APPROXIMATELY $59,410,000 REPRESENTS SCHEDULED PRINCIPAL PAYMENTS MADE THROUGH DECEMBER 31, 2024, AND $5,655,000 REPRESENTS EARLY RETIREMENT OF BONDS THROUGH OPEN-MARKET REPURCHASES BY THE ISSUER DURING 2023-2024. THESE REPURCHASED BONDS WERE LEGALLY EXTINGUISHED AND REMOVED FROM THE OUTSTANDING BALANCE OF THE SERIES 2019 NJHCFFA HOSPITAL REVENUE BONDS IN ACCORDANCE WITH 1.150-3(B)(1)(II) OF THE TREASURY REGULATIONS WHICH TREATS BONDS ACQUIRED AND EXTINGUISHED BY THE ISSUER AS RETIRED. PART II, LINE 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE TOTAL AMOUNT OF PROCEEDS REPRESENTS INVESTMENT EARNINGS. AUDREY MEYERS PRESIDENT/CEO, VHS SEE PART V X 9071138 12324814 0 1 1 ROBIN GOLDFISCHER-HOLLANDER SENIOR VP, LEGAL SERVICES SEE PART V X 3392128 4607852 0 1 1 PETER DIESTEL PRESIDENT, VHS OPERATIONS SEE PART V X 5796536 7875664 0 1 1 24808330 SCHEDULE L, PART II, COLUMN (C) THE HOSPITAL PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ALTERNATIVE FUNDING ARRANGEMENT THE IRS CALLS "COLLATERAL ASSIGNMENT SPLIT-DOLLAR" (CASD). ALTHOUGH THE IRS REQUIRES REPORTING IN THE LOAN SECTION OF SCHEDULE L, CASD IS NOT A LOAN BECAUSE NO FUNDS ARE TRANSFERRED TO THE EXECUTIVE. RATHER, THE "LOAN" TREATMENT APPLIES BECAUSE AFTER THE EXECUTIVE HAS RECEIVED RETIREMENT BENEFITS, THE HOSPITAL RECOVERS ALL OF ITS OUTLAYS PLUS INTEREST.THE RECOVERY RIGHT IS A KEY ADVANTAGE OF CASD FOR THE HOSPITAL. RATHER THAN PAYING RETIREMENT BENEFITS TO THE EXECUTIVE THAT WOULD NEVER BE RECOVERED, UNDER CASD THE HOSPITAL RECOVERS NOT ONLY ITS OUTLAYS BUT ALSO CONSIDERATION FOR THE TIME VALUE OF MONEY.CASD WORKS AS FOLLOWS. THE HOSPITAL DEPOSITS FUNDS INTO CASH VALUE LIFE INSURANCE POLICIES ON THE EXECUTIVE'S LIFE. DURING LIFE, TO THE EXTENT THE EXECUTIVE FULFILLS SERVICE AND VESTING REQUIREMENTS, THE EXECUTIVE CAN BORROW AGAINST THE CASH SURRENDER VALUE TO SUPPLEMENT RETIREMENT INCOME. POLICY PERFORMANCE IS CLOSELY MONITORED. IF POLICY PERFORMANCE LAGS, THE EXECUTIVE'S BORROWING RIGHTS ARE REDUCED TO PROTECT THE HOSPITAL'S RECOVERY RIGHTS.AT THE EXECUTIVE'S DEATH, THE POLICY DEATH PROCEEDS ARE FIRST USED TO REPAY THE HOSPITAL ITS DEPOSITS PLUS COMPOUND INTEREST (AT THE IRS LONG-TERM APR). THE EXECUTIVE'S BENEFICIARY THEN RECEIVES PROCEEDS AS DETERMINED BY THE GOVERNING CAP-EX LEGAL AGREEMENT. IF DEATH HAD OCCURRED DURING THE REPORTING YEAR, ANY REMAINING DEATH PROCEEDS WOULD HAVE BEEN PAID TO THE HOSPITAL. FORM 990, PART III, LINE 4A VALLEY RECEIVED THE SCOPY AWARD BY THE AMERICAN COLLEGE OF GASTROENTEROLOGY FOR ITS EFFORTS IN COMMUNITY ENGAGEMENT, EDUCATION, AND AWARENESS EFFORTS FOR COLORECTAL CANCER PREVENTION. SEVERAL EVENTS WERE HELD AT PUBLIC LIBRARIES, CHURCHES, AND A SHOPPING MALL TO PROMOTE COLORECTAL CANCER AWARENESS. VALLEY HEALTH SYSTEM PARTICIPATED IN THE 22ND ANNUAL RELAY FOR LIFE, AND VALLEY'S TEAM RAISED OVER $27,500! VALLEY'S 22-YEAR TOTAL OF RELAY FOR LIFE DONATIONS TO THE AMERICAN CANCER SOCIETY COMES TO APPROXIMATELY $466,000. ALMOST 3,000 PEOPLE ATTENDED MENTAL HEALTH EDUCATION, AND OVER 1,000 ATTENDED SUBSTANCE ABUSE PREVENTION PROGRAMS ON TOPICS INCLUDING HOW EMOTIONAL HEALTH IMPACTS PHYSICAL HEALTH, DEMENTIA, DRUG MISUSE, LONELINESS, AND PRESCRIPTION DRUG INTERACTIONS. WE PARTNER WITH AREA MENTAL HEALTH ORGANIZATIONS TO ENSURE THAT INFORMATION IS PROVIDED WHEN REQUESTED. DRUMMING FOR STRESS IS AN EVIDENCE-BASED PROGRAM THAT'S BEEN SHOWN TO REDUCE STRESS, ANXIETY, AND DEPRESSION; HELP CONTROL CHRONIC PAIN; AND LOWER BLOOD PRESSURE. VALLEY PROVIDES INSTRUCTORS, EQUIPMENT, AND SUPPORT TO PROVIDE THIS PROGRAM MONTHLY FOR COMMUNITY MEMBERS. TWO HUNDRED AND SIXTY-ONE PEOPLE ATTENDED SESSIONS IN 2024. OVER 13,000 PEOPLE LEARNED ABOUT VARIOUS ORTHOPEDIC TOPICS, SUCH AS OSTEOARTHRITIS, JOINT PAIN, OSTEOPOROSIS, AND FALL PREVENTION. VALLEY PROVIDES AN INSTRUCTOR, LOCATION, AND ADMINISTRATIVE SUPPORT FOR PROJECT HEALTHY BONES. THIS FREE, 24-WEEK EXERCISE CLASS AND EDUCATION PROGRAM IS FOR OLDER WOMEN AND MEN AT RISK FOR, OR WHO HAVE, OSTEOPOROSIS. IN 2024, 60 INDIVIDUALS PARTICIPATED. VALLEY'S COMMUNITY SPEAKER'S BUREAU PROVIDED SPEAKERS FOR 30 COMMUNITY ORGANIZATIONS, SUCH AS CHURCHES, LOW-INCOME HOUSING, SENIOR CENTERS, AND SOCIAL CLUBS. THERE WERE 1,140 PEOPLE WHO ATTENDED PROGRAMS ON TOPICS INCLUDING SLEEP HEALTH, STROKE PREVENTION, MEMORY, BALANCE, NUTRITION, MENTAL HEALTH, AND HEART HEALTH. THRIVE! EMPOWERS WOMEN OF ALL AGES TO TAKE CHARGE OF THEIR WELLNESS, IMPROVE THE HEALTH OF THEIR FAMILIES, AND SET ASIDE TIME FOR THEMSELVES TO HAVE A LITTLE FUN. THRIVE! MOMS HIT 2,482 MEMBERS. IN 2024, THRIVE! HOSTED 30 HEALTH EDUCATION CLASSES, A WALKING GROUP WITH 80 MOMS, AND PARTICIPATED IN 13 COMMUNITY EVENTS WITH PARTNERS LIKE FIT FOR MOM, A PRENATAL AND POSTNATAL FITNESS PROGRAM; A LOCAL BABY STORE; AND A BIKE SAFETY EVENT WITH THE LOCAL POLICE DEPARTMENT. THE GIFT OF ORGAN AND TISSUE DONATION IS A TRULY LIFESAVING GIFT FOR GRATEFUL PATIENTS AND THEIR FAMILIES. IN 2024, VALLEY FACILITATED 26 SUCCESSFUL ORGAN TRANSPLANTS FROM NINE ORGAN DONORS, AND 1,394 TISSUE AND EYE GIFTS FROM 22 TISSUE DONORS. THE VALLEY HOSPITAL HAS EARNED NATIONAL RECOGNITION FROM THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES' HEALTH RESOURCES AND SERVICES ADMINISTRATION'S (HRSA) DONATION CAMPAIGN FOR ITS EFFORTS TO INCREASE ORGAN, EYE, AND TISSUE DONOR REGISTRATIONS ACROSS THE STATE. THE VALLEY HOSPITAL COORDINATES ITS YEAR-ROUND OUTREACH EFFORTS BY PARTNERING WITH NJ SHARING NETWORK, THE NONPROFIT ORGANIZATION RESPONSIBLE FOR THE RECOVERY AND PLACEMENT OF DONATED ORGANS AND TISSUE IN THE GARDEN STATE. VALLEY PROVIDED $100,000 TO LOCAL ORGANIZATIONS TO IMPROVE ACCESS AND BUILD CAPACITY THROUGH GRANTS. AN ADDITIONAL $349,706 OF CASH AND IN-KIND DONATIONS WERE GIVEN TO COMMUNITY GROUPS AND LOCAL CHARITY EVENTS TO ADDRESS HOMELESSNESS, CANCER, FOOD INSECURITY, ACCESS TO CARE, MENTAL HEALTH, CHILDREN'S HEALTH, MATERNAL HEALTH, AND LGBTQ+ HEALTH. EACH YEAR, VALLEY EMPLOYEES DONATE TO THE COLLECTION FOR OUR TROOPS. IN 2024, 34 PACKAGES, TOTALING ABOUT 561 POUNDS, WERE DELIVERED TO TROOPS OVERSEAS. A TOTAL OF 152 COATS WERE DONATED TO THE JERSEY CARES COAT DRIVE, 50 WOMEN'S COATS WERE DONATED TO OASIS, AND 90 TOYS WERE DONATED TO UNITED WAY OF PASSAIC COUNTY. VALLEY EMPLOYEES AND COMMUNITY MEMBERS DONATED DIAPERS TO CHILDREN'S AID AND FAMILY SERVICES DIAPER DRIVE. VALLEY HOSTED BACKPACK DRIVES AND DONATED 180 BACKPACKS TO THE BOYS & GIRLS CLUB OF PATERSON AND PASSAIC AND UNITED WAY OF PASSAIC COUNTY. NINETY-FOUR PACKS OF SCHOOL SUPPLIES WERE CREATED AND DONATED TO THE JEWISH FEDERATION. VALLEY PARTNERED WITH THE JEWISH FEDERATION FOR THEIR ANNUAL MARCH MEGA FOOD DRIVE. STAFF AND MEMBERS OF THE COMMUNITY DONATED TO THE MULTIPLE COLLECTION SITES THROUGHOUT VALLEY HEALTH SYSTEM. TWENTY-FIVE THOUSAND POUNDS OF FOOD WAS COLLECTED AND DISTRIBUTED TO 23 ORGANIZATIONS FROM BERGEN, PASSAIC, AND HUDSON COUNTIES. WITH THE MOVE OF THE VALLEY HOSPITAL FROM RIDGEWOOD TO PARAMUS, VALLEY WAS ABLE TO MAKE EQUIPMENT DONATIONS TO LOCAL ORGANIZATIONS. FOR INSTANCE, TWO LOCAL ORGANIZATIONS THAT SERVE ADULTS WITH DEVELOPMENTAL NEEDS RECEIVED HOSPITAL BEDS. TWO OTHER ORGANIZATIONS THAT SERVE INDIVIDUALS WITH FOOD INSECURITY RECEIVED KITCHEN EQUIPMENT. VALLEY'S PARAMEDIC TEAM PROVIDED OVER 50 HOURS OF EDUCATION, INCLUDING TRAINING LOCAL, VOLUNTEER EMTS ON TOPICS SUCH AS SPORTS INJURIES, SUBMERSION INJURIES, AND STOP THE BLEED. OUR TEAM ALSO WORKS WITH SCHOOLS TO DISCUSS CAREERS AS PARAMEDICS AND TRAIN STUDENTS IN LIFE-SAVING SKILLS. IN PARTNERSHIP WITH THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, VALLEY HEALTH SYSTEM OFFICIALLY LAUNCHED ITS NEW GRADUATE MEDICAL EDUCATION (GME) PROGRAM AND WELCOMED ITS FIRST CLASS OF RESIDENTS IN 2024. THE NEW GME PROGRAM, ACCREDITED BY THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME), TRAINS VALLEY'S RESIDENT PHYSICIANS TO BECOME THE HEALTHCARE LEADERS OF TOMORROW AND INSTILLS A COMMITMENT TO CLINICAL EXCELLENCE, EDUCATION, AND COMPASSIONATE CARE FOR PATIENTS IN THE COMMUNITIES VALLEY SERVES. THE VALLEY HOSPITAL'S GRADUATE NURSE RESIDENCY PROGRAM HAS BEEN AWARDED ACCREDITATION WITH DISTINCTION, THE HIGHEST RECOGNITION POSSIBLE, BY THE AMERICAN NURSES CREDENTIALING CENTER (ANCC)'S PRACTICE TRANSITION ACCREDITATION PROGRAM. THIS RECOGNITION IS AWARDED TO PROGRAMS THAT EXCEL IN OFFERING A COLLABORATIVE LEARNING ENVIRONMENT AND THE OPPORTUNITY TO WORK WITH EXPERIENCED STAFF IN REAL-LIFE SETTINGS. VALLEY'S PROGRAM BROUGHT IN 60 NEW RN RESIDENTS IN 2024, STRENGTHENING THE PIPELINE TO MEET FUTURE PATIENT CARE NEEDS. THE SIMULATION PROGRAM AT VALLEY COLLABORATES TO ENSURE OUR PHYSICIANS, GME RESIDENTS, AND STAFF ARE TRAINED TO BE CONFIDENT, COMPETENT, AND STRIVE FOR IMPROVED PATIENT OUTCOMES. GROUNDED BY EVIDENCE-BASED PRACTICES AND SUPPORTED BY STATE-OF-THE-ART HIGH-FIDELITY SIMULATION EQUIPMENT, LEARNERS ARE GUIDED TOWARDS THE ORGANIZATIONAL HRO GOAL OF 100% RELIABILITY AND ZERO PATIENT HARM. TO ENSURE TOMORROW'S WORKFORCE, VALLEY PROVIDES CAREER DEVELOPMENT OPPORTUNITIES. THE BOYS & GIRLS CLUBS OF PASSAIC, PASSAIC COUNTY WORKFORCE DEVELOPMENT, AND THINK BIG! FOR KIDS ALL PARTICIPATED IN CAREER EVENTS, LEARNING ABOUT MEDICAL SERVICES AND HEALTHCARE CAREERS. A CAREER EVENT ALSO TOOK PLACE AT THE STEAM HIGH SCHOOL IN PATERSON. ADDITIONALLY, 24 STUDENTS FROM THE PATERSON STEAM HIGH SCHOOL RECEIVED HEARTSAVER & AED TRAINING CERTIFICATION. FIFTY-NINE HIGH SCHOOL SENIORS PARTICIPATED IN VALLEY'S CAREER FRONTIERS HIGH SCHOOL WORKFORCE DEVELOPMENT PROGRAM DURING THEIR SCHOOL YEAR. "CAREER FRONTIERS" HIGH SCHOOL INTERNSHIP PROGRAM PROVIDES HIGH SCHOOL SENIOR INTERNS THE OPPORTUNITY TO LEARN THROUGH SERVICE. STUDENTS INTERESTED IN A HEALTHCARE CAREER LEARN THROUGH OBSERVATION AND EXPERIENCE TO SUPPORT THEIR CAREER READINESS. INTERNS SERVE PATIENTS, FAMILIES, AND STAFF WITH ADDED EXPERIENCES THAT MAY INCLUDE ASSISTING WITH DEPARTMENT PROJECTS, OBSERVING PATIENT CARE OR PROCEDURES, ATTENDING MEETINGS, ESTABLISHING MEANINGFUL CONNECTIONS WITH PATIENTS, THEIR FAMILIES, VISITORS, AND INTERACTING WITH A VARIETY OF DIVERSE HEALTHCARE PROFESSIONALS. STUDENTS ARE REQUIRED TO COMPLETE WEEKLY REFLECTION JOURNALS AND ATTEND IN-DEPTH DEPARTMENT TOURS AND SPECIAL HEALTHCARE CAREER EDUCATION EVENTS. THE RIDGEWOOD ACADEMY FOR HEALTH PROFESSIONS (RAHP) IS A PARTNERSHIP BETWEEN VALLEY, RIDGEWOOD HIGH SCHOOL, AND BERGEN COMMUNITY COLLEGE. THIS THREE-YEAR PROGRAM BEGAN IN 2005 AND HAS GRADUATED OVER 500 STUDENTS INTERESTED IN PURSUING CAREERS IN HEALTHCARE. DURING THE STUDENT'S FIRST YEAR, TERMED THEIR "EXPLORATION YEAR," STUDENTS VISIT THREE FULL-DAY SESSIONS LEARNING ABOUT DIFFERENT DEPARTMENTS IN THE HEALTHCARE SETTING. THE SECOND YEAR CONCENTRATES ON AREAS OF INTEREST THAT THE STUDENTS WOULD LIKE TO FURTHER INVESTIGATE. DURING THE STUDENT'S THIRD YEAR, TERMED THEIR "MENTORSHIP YEAR," STUDENTS CHOOSE ONE HEALTH-RELATED ISSUE TO EXPLORE UNDER THE GUIDANCE OF A MENTOR AND PREPARE A CAPSTONE PROJECT. VALLEY HAS ALREADY HIRED THREE NURSES, TWO SOCIAL WORKERS, AN IMAGING TECH, A PHYSICIAN, A MEDICAL RESIDENT, AND AN ADMINISTRATOR WHO ARE ALL GRADUATES OF RAHP. FORM 990, PART III, LINE 4A THE VALLEY HOSPITAL HAS RECEIVED TWO AWARDS FROM PRACTICE GREENHEALTH, A LEADER IN HEALTHCARE SUSTAINABILITY. THE PARTNER FOR CHANGE AWARD RECOGNIZES VALLEY'S PERFORMANCE IN ENVIRONMENTAL SUSTAINABILITY PROGRAMS AND ACTIVITIES, AND THE GREENING THE OR RECOGNITION AWARD HIGHLIGHTS OUR PROGRESS IN REDUCING THE IMPACT OF THE SURGICAL ENVIRONMENT. THE HOSPITAL IS OPERATED AND MAINTAINED USING ENVIRONMENTALLY FRIENDLY PRINCIPLES, WITH MORE THAN 30% OF THE HOSPITAL CAMPUS DEDICATED TO OPEN GREEN SPACE. THE HOSPITAL HAS TWO GREEN ROOFS, WHICH REDUCE STORMWATER RUNOFF AND IMPROVE ENERGY EFFICIENCY. THE HOSPITAL ALSO FEATURES A COGENERATION PLANT, WHICH PRODUCES 30-40% OF ITS POWER, DEPENDING ON THE SEASON. THE HOSPITAL CAN PRODUCE ITS OWN STEAM, HOT WATER, AND AIR CONDITIONING, WHILE REDUCING VALLEY'S CARBON FOOTPRINT. THE PATIENT AND FAMILY ADVISORY COUNCIL (PFAC) IS AN ACTIVE COMMITTEE AT VALLEY. PFAC PROVIDES A VITAL ROLE IN OFFERING INSIGHTS AND FEEDBACK FROM PATIENTS AND THEIR FAMILIES TO IMPROVE THE QUALITY OF CARE AND OVERALL PATIENT EXPERIENCE. PFAC MEETS REGULARLY TO DISCUSS AND ADDRESS VARIOUS ASPECTS OF PATIENT CARE, ENSURING THAT THE COMMUNITY'S VOICE IS HEARD AND CONSIDERED IN DECISION-MAKING PROCESSES. IN 2024, VALLEY HAD 1,282 VOLUNTEERS, THE LARGEST NUMBER OF VOLUNTEERS IN VALLEY'S HISTORY. FOR THE SECOND CONSECUTIVE YEAR, THE VALLEY HOSPITAL HAS BEEN NAMED ONE OF AMERICA'S 100 BEST HOSPITALS FOR 2024 BY HEALTHGRADES. THIS DISTINCTION PLACES VALLEY IN THE TOP 2% OF HOSPITALS NATIONWIDE. VALLEY IS ONE OF ONLY THREE HOSPITALS IN NEW JERSEY AND THE ONLY HOSPITAL IN BERGEN COUNTY TO EARN A SPOT ON THE LIST. THE VALLEY HOSPITAL HAS BEEN RECOGNIZED AS ONE OF AMERICA'S 100 BEST HOSPITALS FOR STROKE CARE FOR EIGHT YEARS IN A ROW, PRESENTED BY HEALTHGRADES. THE VALLEY HOSPITAL HOLDS DISEASE-SPECIFIC CERTIFICATIONS FROM THE JOINT COMMISSION IN STROKE, TOTAL HIP REPLACEMENT, AND TOTAL KNEE REPLACEMENT. THE VALLEY HOSPITAL RECEIVED THE AMERICAN HEART ASSOCIATION'S GET WITH THE GUIDELINES RESUSCITATION GOLD QUALITY ACHIEVEMENT AWARD FOR ITS COMMITMENT TO TREATING IN-HOSPITAL CARDIAC ARREST, ULTIMATELY HELPING TO IMPROVE SURVIVAL RATES. VALLEY ALSO RECEIVED THE AMERICAN HEART ASSOCIATION'S MISSION: LIFELINE EMS SILVER ACHIEVEMENT AWARD FOR ITS COMMITMENT TO OFFERING RAPID AND RESEARCH-BASED CARE TO PEOPLE EXPERIENCING THE MOST SEVERE FORM OF HEART ATTACKS AND STROKES, ULTIMATELY SAVING LIVES. THE VALLEY HOSPITAL HAS BEEN NAMED ONE OF THE WORLD'S BEST HOSPITALS BY NEWSWEEK IN ITS WORLD'S BEST HOSPITALS 2024 LIST. THE RANKING RECOGNIZES THE BEST MEDICAL INSTITUTIONS ACROSS 30 COUNTRIES. VALLEY WAS RANKED AMONG THE TOP THREE HOSPITALS IN NEW JERSEY AND WAS RANKED 137TH IN THE COUNTRY FOR 2024. THE VALLEY HOSPITAL HAS BEEN RANKED AMONG THE BEST HOSPITALS IN NEW JERSEY BY U.S. NEWS & WORLD REPORT. VALLEY PLACED THIRD AMONG 63 NEW JERSEY HOSPITALS THAT WERE EVALUATED. VALLEY ALSO ACHIEVED AN OVERALL RATING AS THE 15TH BEST HOSPITAL IN THE ENTIRE NEW YORK METROPOLITAN AREA. IN ADDITION, THE VALLEY HOSPITAL ACHIEVED THE HIGHEST POSSIBLE RATING OF "HIGH PERFORMING" IN 16 ADULT PROCEDURES AND CONDITIONS (ABDOMINAL AORTIC ANEURYSM REPAIR, CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD), COLON CANCER SURGERY, GYNECOLOGICAL CANCER SURGERY, HEART ATTACK, HEART BYPASS SURGERY, HEART FAILURE, HIP FRACTURE, HIP REPLACEMENT, KIDNEY FAILURE, KNEE REPLACEMENT, LEUKEMIA, LYMPHOMA, AND MYELOMA, LUNG CANCER SURGERY, PNEUMONIA, STROKE, AND TRANSCATHETER AORTIC VALVE REPLACEMENT (TAVR). VALLEY WAS ALSO RECOGNIZED AS HIGH PERFORMING IN THE ADULT SPECIALTIES OF ORTHOPEDICS AND UROLOGY. FOR THE 22ND TIME, THE VALLEY HOSPITAL HAS BEEN RECOGNIZED WITH AN "A" FOR PATIENT SAFETY AS PART OF THE HOSPITAL SAFETY GRADE PROGRAM FROM THE LEAPFROG GROUP. THIS NATIONAL DISTINCTION CELEBRATES VALLEY'S ACHIEVEMENTS IN PROTECTING HOSPITAL PATIENTS FROM PREVENTABLE HARM AND ERRORS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S SOLE MEMBER IS VALLEY HEALTH SYSTEM, INC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER HAS THE RIGHT TO NOMINATE, ELECT, AND REMOVE THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE ORGANIZATION ARE RESERVED TO THE ORGANIZATION'S SOLE MEMBER: TO DETERMINE THE NUMBER OF TRUSTEES ON THE BOARD TO AMEND, REVISE OR RESTATE THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BYLAWS, AND TO APPROVE ALL AMENDMENTS OR REVISIONS TO THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BYLAWS THAT MAY BE PROPOSED OR APPROVED BY THE BOARD BEFORE THEY BECOME EFFECTIVE; TO ADOPT OR CHANGE THE MISSION, PURPOSE, PHILOSOPHY OR OBJECTIVES OF THE CORPORATION; TO CHANGE THE LEGAL STRUCTURE OF THE CORPORATION; TO COMMIT TO ADD OR THE ADDITION OF ANOTHER HOSPITAL OR HEALTH SYSTEM TO THE CORPORATION; TO DISSOLVE, DIVIDE, CONVERT OR LIQUIDATE THE CORPORATION, TO CONSOLIDATE OR MERGE THE CORPORATION WITH ANOTHER CORPORATION OR ENTITY, TO SELL ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, TO CAUSE THE CORPORATION TO ACQUIRE SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER CORPORATION OR ENTITY, AND TO APPROVE ANY OF THE FOREGOING ACTIONS THAT ARE RECOMMENDED BY THE BOARD BEFORE SUCH ACTION BECOMES EFFECTIVE; TO APPROVE THE ANNUAL CAPITAL AND OPERATING BUDGETS OF THE CORPORATION AND ANY AMENDMENTS THERETO; TO INITIATE AND TO APPROVE THE INCURRENCE OF DEBT BY THE CORPORATION OR TO IMPLEMENT ANY FINANCING STRATEGY, INCLUDING WITHOUT LIMITATION IN CONNECTION WITH ANY DEBT ISSUANCE, CAPITAL OR OPERATING LEASING TRANSACTIONS, AND TAXABLE AND NONTAXABLE FINANCINGS; TO APPROVE THE INCURRENCE OF DEBT BY THE CORPORATION IN EXCESS OF THOSE THRESHOLDS ESTABLISHED BY THE BOARD, IF SUCH INCURRENCE OF DEBT IS NOT INCLUDED IN THE CORPORATION'S APPROVED BUDGETS, WHETHER IN A SINGLE TRANSACTION OR A SERIES OF RELATED TRANSACTIONS; TO CAUSE OR DIRECT THE CORPORATION TO PAY, LOAN OR OTHERWISE TRANSFER SUCH FUNDS AS ARE NECESSARY TO PAY ANY OUTSTANDING INDEBTEDNESS OBLIGATIONS, INCLUDING BUT NOT LIMITED TO BORROWINGS, GUARANTIES, NON-RECOURSE INDEBTEDNESS, LEASES, AND DERIVATIVE INSTRUMENTS, CREATED OR APPROVED BY THE CORPORATION; TO EXERCISE SUCH OVERSIGHT, INCLUDING INITIATING ACTION OR APPROVING ACTION BY THE CORPORATION, OVER THE MANAGEMENT, POLICIES, DISPOSITION OR ENCUMBRANCE OF ASSETS, INCLUDING REAL OR PERSONAL PROPERTY, OF THE CORPORATION TO CAUSE OR ENSURE COMPLIANCE WITH TERMS AND CONDITIONS OF INDEBTEDNESS OBLIGATIONS AND FINANCIAL RELATIONSHIPS RELATED IN ANY MANNER TO SUCH INDEBTEDNESS; TO APPROVE THE CAPITAL EXPENDITURES BY THE CORPORATION IN EXCESS OF THOSE THRESHOLDS ESTABLISHED BY THE BOARD, IF SUCH CAPITAL EXPENDITURES ARE NOT INCLUDED IN THE CORPORATION'S APPROVED BUDGETS, WHETHER IN A SINGLE TRANSACTION OR A SERIES OF RELATED TRANSACTIONS; TO APPROVE ANY DONATION OR ANY OTHER TRANSFER OF THE CORPORATION'S ASSETS, OTHER THAN TO AN AFFILIATED ENTITY, IN EXCESS OF AN AMOUNT EQUAL TO OR GREATER THAN THE THRESHOLDS ESTABLISHED BY THE BOARD FOR SUCH CORPORATION, UNLESS SPECIFICALLY AUTHORIZED IN THE CORPORATION'S APPROVED BUDGETS; TO SELECT AND APPOINT AUDITORS OF THE CORPORATION; TO INITIATE AND APPROVE STRATEGIC PLANS AND MISSION STATEMENTS OF THE CORPORATION; TO INITIATE AND APPROVE INVESTMENT POLICIES AND CAPITAL CAMPAIGNS OF THE CORPORATION; TO INITIATE AND APPROVE THE CLOSURE OR RELOCATION OF A LICENSED HEALTH CARE FACILITY OF THE CORPORATION; TO INITIATE AND APPROVE THE FORMATION OF SUBSIDIARIES OF THE CORPORATION; TO APPROVE THE CORPORATION'S ACQUISITION OF CONTROLLING INTERESTS IN ORGANIZATIONS OR BUSINESSES OUTSIDE OF THE CORPORATION'S APPROVED STRATEGIC PLAN; TO THE EXTENT NOT EXPRESSLY SET FORTH ABOVE, TO DIRECT OR REQUIRE THE CORPORATION TO TAKE ANY OTHER LAWFUL ACTS OR ACTIONS WITH RESPECT TO THE CORPORATION'S BUSINESS, AFFAIRS, MANAGEMENT, PROPERTIES OR ACTIVITIES THAT THE SOLE MEMBER MAY DIRECT. FORM 990, PART VI, SECTION B, LINE 11B THE VALLEY HOSPITAL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 IS PREPARED, IT IS SUBMITTED TO MANAGEMENT AND THE AUDIT COMMITTEE FOR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED BY THE AUDIT COMMITTEE FOR FILING WITH THE INTERNAL REVENUE SERVICE. BEFORE FILING, THE FORM 990 IS MADE AVAILABLE FOR THE BOARD'S REVIEW, BY HARD COPY AND OR ELECTRONIC COPY. FORM 990, PART VI, SECTION B, LINE 12C THE VALLEY HEALTH SYSTEM HAS A CONFLICT OF INTEREST POLICY WHICH COVERS ALL CONTROLLED ORGANIZATIONS WITHIN THE HEALTH SYSTEM, INCLUDING THIS ORGANIZATION. THE POLICY REQUIRES ALL TRUSTEES, OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, TO ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT, DISCLOSING ANY POTENTIAL CONFLICTS WHICH MAY EXIST. SUCH PERSONS ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS AS THEY ARISE. CONFLICTS ARE DETERMINED BY THE BOARD OF TRUSTEES OR DELEGATED COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. PERSONS WITH CONFLICTS OF INTEREST MUST NOT PARTICIPATE IN THE DISCUSSION OR VOTE ON THE RELATED MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD IS A SHARED BOARD WITH THE VALLEY HEALTH SYSTEM. THE VALLEY HEALTH SYSTEM HAS DEVELOPED A COMPENSATION PLAN WHICH GOVERNS THE COMPENSATION FOR ALL EXECUTIVES, INCLUDING THE CEO AND VICE PRESIDENTS OF THE ORGANIZATION. THE PLAN WAS DEVELOPED IN CONJUNCTION WITH A CONSULTING FIRM, REVIEWED BY THE PHYSICIAN LEADERSHIP COUNCIL AND APPROVED BY THE BOARD OF TRUSTEES AND THE VALLEY HEALTH SYSTEM PHYSICIAN COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE PLAN IS REVIEWED AND UPDATED AS NEEDED.THIS PROCESS WAS LAST UNDERTAKEN IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE HOSPITAL MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING OF THE RETURN ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. IN ADDITION FORM 990 AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AND OTHER RELEVENT DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN ASSETS HELD BY RELATED ORG 21,305. NET ASSETS RELEASED FOR OPERATING PURPOSES 5,256,270. TRANSFERS FROM VHS - COLIGOCARE SHARED SAVINGS 3,759,704. TRANSFERS FROM VHS - CAPTIVE SAVINGS 7,790,139. 620 WINTERS AVENUE LLC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 462091667 REAL ESTATE HOLDINGS DE 0 0 THE VALLEY HOSPITAL INC 1200 EAST RIDGEWOOD LLC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 464115513 REAL ESTATE HOLDINGS DE 4132533 25676668 THE VALLEY HOSPITAL INC 555 MAPLE ACQUISITION LLC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 453070365 REAL ESTATE HOLDINGS DE 0 0 THE VALLEY HOSPITAL INC THE VALLEY HOSPITAL FOUNDATION INC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 222324554 SOLICITS AND RECEIVES CONTRIBUTIONS FOR THE BENEFIT OF HEALTH SYSTEM NJ 501(C)(3) LINE 7 VALLEY HEALTH SYSTEM INC 0 VALLEY HEALTH SYSTEM INC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 222922016 PROVIDES MANAGEMENT & PLANNING SERVICES FOR ITS MEMBERS NJ 501(C)(3) LINE 10 N/A 0 VALLEY HOME CARE INC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 223208480 PROVIDES REHABILITATION VISITS AND HOME HEALTH AIDS VISITS TO PATIENTS NJ 501(C)(3) LINE 10 VALLEY HEALTH SYSTEM INC 0 VALLEY PHYSICIAN SERVICE NY PC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 453125678 OPERATES URGENT/PRIMARY CARE CLINICS NJ 501(C)(3) LINE 10 VALLEY PHYSICIAN SERVICES INC 0 VALLEY PHYSICIAN SERVICES INC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 320041186 PROVIDES MEDICAL CARE TO CARRYOUT THE PURPOSE OF THE VALLEY HEALTH SYSTEM NJ 501(C)(3) LINE 10 THE VALLEY HOSPITAL INC 1 VALLEY PHYSICIANS SERVICES PC 4 VALLEY HEALTH PLAZA PARAMUS NJ 07652 465285330 PROVIDE PRIMARY AND SPECIALTY MEDICAL CARE NJ 501(C)(3) LINE 10 VALLEY PHYSICIAN SERVICES INC 0 VHS INSURANCE COMPANY LTD 010 MAIN STREET CAYMAN ISLANDS CJ 980408200 PROVIDES PROFESSIONAL, MEDICAL AND COMMERCIAL GENERAL LIABILITY INSURANCE CJ VALLEY HEALTH SYSTEM C 0 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 1 VALLEY PHYSICIANS SERVICES PC C 28475490 COST VALLEY PHYSICIAN SERVICES NY PC C 427396 COST VALLEY PHYSICIAN SERVICES INC B 130744481 COST