2021-11-12T15:10:46-06:00 2020-12-31 271728945 PKF O'CONNOR DAVIES LLP 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2020-01-01 320041186 VALLEY PHYSICIAN SERVICES INC VALL 2014478000 223 NORTH VAN DIEN AVE RIDGEWOOD NJ 07450 ROBERT W BRENNER PRESIDENT, CLINICAL INTEGRATION 2014478000 2021-11-11 1 ROBERT BRENNER 999009999 EDWARD G O'CONNOR P00434443 2017129800 2021-11-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROBERT W BRENNER 223 NORTH VAN DIEN AVE RIDGEWOOD NJ 07450 106343555 0 X WWW.VALLEYHEALTH.COM X 2002 NJ THE MISSION OF VALLEY PHYSICIAN SERVICES, WHICH IS PART OF THE VALLEY HEALTH SYSTEM, IS TO ENHANCE LIVES BY HEALING, CARING AND INSPIRING WELLNESS. 18 17 871 24 0 0 103278008 103279722 2212620 3061007 0 0 14070 2826 105504698 106343555 336444 5250 0 0 55261963 54387437 0 0 0 49986285 51697002 105584692 106089689 -79994 253866 105683909 120627117 79653396 94596603 26030513 26030514 TO PROVIDE MANAGEMENT SERVICES TO THE FOLLOWING PROFESSIONAL CORPORATIONS: VALLEY PHYSICIAN SERVICES, P.C., VALLEY MEDICAL SERVICES, P.C., AND VALLEY PHYSICIAN SERVICES, NY, P.C. 0 0 83007687 5250 1749481 VALLEY PHYSICIAN SERVICES, INC. IS A MANAGEMENT SERVICES CORPORATION PROVIDING SERVICES TO THE PROFESSIONAL CORPORATIONS VALLEY PHYSICIAN SERVICES, P.C. AND VALLEY MEDICAL SERVICES NY, P.C. 1311526 VALLEY PHYSICIAN SERVICES, INC. PROVIDES MANAGEMENT SERVICES TO VALLEY PHYSICIAN SERVICES, PC. THESE SERVICES INCLUDE HUMAN RESOURCE MANAGEMENT, MARKETING AND OTHER ADMINISTRATIVE SERVICES. 83007687 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 99 0 871 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 1 0 1 1 1 1 1 0 0 1 1 0 0 1 1 1 1 0 NJ X MARIETTA STONE 2012916391 15 ESSEX ROAD PARAMUS NJ 07652 AUDREY MEYERS PRESIDENT & CEO, VHS 6.00 34.00 X X 0 1842384 45085 VINCENT FORLENZA CHAIRMAN 0.10 0.40 X X 0 0 0 FRANK SHEEHY VICE CHAIRMAN 0.10 0.40 X X 0 0 0 ANN LIMBERG SECRETARY 0.10 0.40 X X 0 0 0 JOSEPH MARION TREASURER 0.10 0.40 X X 0 0 0 JUDY BASELICE TRUSTEE 0.10 0.40 X 0 0 0 JAMES BUSH TRUSTEE 0.10 0.40 X 0 0 0 MICHELLE HASSON TRUSTEE 0.10 0.40 X 0 0 0 KEVIN LOBO TRUSTEE 0.10 0.40 X 0 0 0 BRUCE MACTAS TRUSTEE 0.10 0.40 X 0 0 0 DUANE SACHS TRUSTEE 0.10 0.40 X 0 0 0 DENIS SALAMONE TRUSTEE 0.10 0.40 X 0 0 0 SCOTT SCHROEDER TRUSTEE 0.10 0.40 X 0 0 0 EDWARD SELF MD TRUSTEE 0.10 0.40 X 0 0 0 STEVEN SILVERSTEIN TRUSTEE 0.10 0.40 X 0 0 0 JEFFREY TUCKER TRUSTEE 0.10 0.40 X 0 0 0 PATRICIA VERDUIN TRUSTEE 0.10 0.40 X 0 0 0 WAYNE WALD ESQ TRUSTEE 0.10 0.40 X 0 0 0 LAURIE C DEBENEDETTO BOARD ASSISTANT SECRETARY 0.10 39.90 X 0 101523 25046 ROBERT W BRENNER PRESIDENT, CLINICAL INTEGRATION 16.00 24.00 X 0 1339685 24791 WILLIAM KLUTKOWSKI VP & CFO EFF. 3/2020 6.00 34.00 X 0 664987 51335 RICHARD KEENAN SENIOR VP, FINANCE/CFO THRU 8/2020 6.00 34.00 X 0 1159434 37643 TIMOTHY WILLOX VP, VMG, THRU 10/2020 40.00 X 538489 0 20302 JEAN FLANAGAN VP, VMG OPERATIONS 40.00 X 369736 0 48630 JOSEPH JEROME DIRECTOR OF FINANCE, VMG 40.00 X 272561 0 31197 JAMES BUTLER VP, VMG EFF. 5/2020 40.00 X 239153 0 21073 LOURDES HIDALGO-GATO DIR AMBULATORY SVC WOMEN'S & CHILDREN'S 40.00 X 152641 0 35595 JOSHUA GREGOIRE DIRECTOR, QUALITY & CLINICAL OPS 40.00 X 162710 0 11221 CAROL PERSLEY DIR, AMBULATORY SVC LINE CARDIOLOGY 40.00 X 156718 0 16430 SUSAN TERESKIEWICZ MANAGER, VPS PRACTICE 40.00 X 139463 0 26810 MARIETTA STONE MANAGER, GENERAL ACCOUNTING 40.00 X 131792 0 25735 2163263 5108013 420893 32 0 1 0 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 753952121 COMPUTER SERVICES 277748 SULLIVAN COTTER & ASSOCIATES INC 62272 COLLECTIONS CENTER DR CHICAGO IL 606930622 CONSULTING SERVICES 245782 PROGRESSIVE RADIOLOGY LLC 88 CLINTON AVE MONTCLAIR NJ 07042 DIAGNOSTIC IMAGING SERVICES 166000 PRESS GANEY ASSOCIATES INC PO BOX 88335 MILWAUKEE WI 532880335 CONSULTING SERVICES 140818 RADIOLOGY ASSOCIATES OF RIDGEWOOD 20 FRANKLIN TURNPIKE WLDWICK NJ 07463 DIAGNOSTIC IMAGING SERVICES 114581 5 103279722 103279722 NET PATIENT SERVICE REVENUE 624100 1749481 1749481 MANAGEMENT FEE REVENUE 900099 1311526 1311526 3061007 BAD DEBT RECOVERY 900099 2161 2161 OTHER INCOME 624100 665 665 2826 106343555 3061007 0 2826 X 5250 5250 1541141 1239764 301377 40165701 32215159 7950542 1266573 1070969 195604 8001844 6627920 1373924 3412178 2744875 667303 71870 15370 56500 12121015 2106462 10014553 29810 29810 1909958 1496543 413415 598908 465877 133031 14032212 13158548 873664 26545 23535 3010 243 243 6866911 6162338 704573 392504 392504 CLINICAL SUPPLIES 14543854 14543854 RECRUITMENT 309016 198063 110953 UNIFORMS, LAUNDRY AND L 296165 191345 104820 SDD ISSUES 233266 151296 81970 264725 168205 96520 106089689 83007687 23082002 0 813499 1570372 78224 209914 80317 83441 249107 974381 60035151 34385930 26824358 25649221 1519989 883085 76118415 91256703 105683909 120627117 6015520 4930823 73637876 89665780 79653396 94596603 X 21178976 22032992 4851537 3997522 26030513 26030514 105683909 120627117 X 253866 -253865 X X 0 1 X 1 0 X 83166226 103278008 103279722 289723956 106491173 2933230 14924941 2212620 3061007 129622971 106491173 2933230 98091167 105490628 106340729 419346927 0 0 0 419346927 524 524 524 524 16624506 149039 77063 14070 2826 16867504 123116203 3082269 98168230 105504698 106343555 436214955 0.96130 0.93040 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INCOME FROM VALLEY HOSPITAL - 2016 AMOUNT: $ 16,143,605. 2017 AMOUNT: $ 130,326. OTHER INCOME - 2016 AMOUNT: $ 480,901. 2017 AMOUNT: $ 18,713. 2018 AMOUNT: $ 77,063. 2019 AMOUNT: $ 14,070. 2020 AMOUNT: $ 665. BAD DEBT RECOVERY - 2020 AMOUNT: $ 2,161. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35687965 20440756 15247209 24347186 13945174 10402012 25649221 SECURITY DEPOSITS 279394 ASSETS HELD BY RELATED ORGANIZATION 3997522 RIGHT OF USE ASSET - REAL ESTATE 86979787 91256703 DUE TO AFFILIATES 272010 ESTIMATED THIRD-PARTY PAYER SETTLEMENT 766306 LEASE LIABILITY 88627464 89665780 X 243103229 138071200 138071200 105032029 1311526 1311526 106343555 326223347 220133658 220133658 106089689 0 106089689 PART X, LINE 2: VMG RECOGNIZES THE BENEFIT FROM INCOME TAX POSITIONS TAKEN IN ITS INCOME TAX RETURNS ONLY WHEN THOSE POSITIONS ARE BELIEVED TO BE MORE LIKELY THAN NOT TO BE SUSTAINED UPON REVIEW BY THE TAX AUTHORITIES. VMG PROVIDES VALUATION ALLOWANCES FOR NET DEFERRED TAX ASSETS WHEN THE REALIZATION OF THE DEFERRED TAX ASSET IS UNCERTAIN. MANAGEMENT HAS DETERMINED THAT VMG HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITIES INCLUDED IN VMG ARE NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO THE 2017 TAX YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO OTHER ENTITIES 138,071,200. PART XI, LINE 4B - OTHER ADJUSTMENTS: MANAGEMENT FEE REVENUE 1,311,526. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO OTHER ENTITIES 221,445,184. MANAGEMENT FEE REVENUE -1,311,526. X 1 1 X X X X 1 0 0 0 0 0 0 1 0 AUDREY MEYERS PRESIDENT & CEO, VHS 0 1166636 0 592200 0 83548 0 21375 0 23710 0 1887469 0 0 ROBERT W BRENNER PRESIDENT, CLINICAL INTEGRATION 0 790426 0 327596 0 221663 0 12825 0 11966 0 1364476 0 0 RICHARD KEENAN SENIOR VP, FINANCE/CFO THRU 8/2020 0 633136 0 342696 0 183602 0 21375 0 16268 0 1197077 0 0 WILLIAM KLUTKOWSKI VP & CFO EFF. 3/2020 0 445152 0 121535 0 98300 0 18525 0 32810 0 716322 0 0 TIMOTHY WILLOX VP, VMG, THRU 10/2020 267189 0 78864 0 192436 0 2854 0 17448 0 558791 0 0 0 JEAN FLANAGAN VP, VMG OPERATIONS 269590 0 56236 0 43910 0 17950 0 30680 0 418366 0 0 0 JOSEPH JEROME DIRECTOR OF FINANCE, VMG 233432 0 35752 0 3377 0 8222 0 22975 0 303758 0 0 0 JAMES BUTLER VP, VMG EFF. 5/2020 220004 0 0 0 19149 0 0 0 21073 0 260226 0 0 0 LOURDES HIDALGO-GATO DIR AMBULATORY SVC WOMEN'S & CHILDREN'S 140612 0 10116 0 1913 0 5485 0 30110 0 188236 0 0 0 JOSHUA GREGOIRE DIRECTOR, QUALITY & CLINICAL OPS 148550 0 13844 0 316 0 5871 0 5350 0 173931 0 0 0 CAROL PERSLEY DIR, AMBULATORY SVC LINE CARDIOLOGY 142967 0 10085 0 3666 0 5466 0 10964 0 173148 0 0 0 SUSAN TERESKIEWICZ MANAGER, VPS PRACTICE 127713 0 8638 0 3112 0 4925 0 21885 0 166273 0 0 0 MARIETTA STONE MANAGER, GENERAL ACCOUNTING 120162 0 10017 0 1613 0 4819 0 20916 0 157527 0 0 0 PART I, LINE 3 THE ORGANIZATION'S BOARD IS A SHARED BOARD WITH THE VALLEY HEALTH SYSTEM. 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 4A TIMOTHY WILLOX RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $188,963 WHICH IS INCLUDED IN PART II, COLUMN B(III). PART I, LINE 7 THE FOLLOWING EMPLOYEES OF THE ORGANIZATION RECEIVED A BOARD-APPROVED DISCRETIONARY BONUS, AWARDED BASED ON PERFORMANCE, AS REPORTED FOR THEM IN PART II, COLUMN B(II): 1. TIMOTHY WILLOX, $78,864 2. JEAN FLANAGAN, $56,236 3. JOSEPH JEROME, $35,752 4. LOURDES HIDALGO-GATO, $10,116 5. JOSHUA GREGOIRE, $13,844 6. CAROL PERSLEY, $10,085 7. SUSAN TERESKIEWICZ, $8,638 8. MARIETTA STONE, $10,017 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION IS INCLUDED IN CONSOLIDATED BYLAWS FOR VALLEY HEALTH SYSTEM, INC., THE VALLEY HOSPITAL, INC., AND VALLEY PHYSICIAN SERVICES, INC. IN APRIL 2020, THE BYLAWS WERE AMENDED TO INCLUDE AN ARTICLE FOR CRISIS STANDARDS OF CARE (CSC) AND AMENDMENTS TO THE BYLAWS DURING CSC DUE TO A PERVASIVE OR CATASTROPHIC DISASTER (I.E. THE COVID-19 PANDEMIC). THE CRISIS STANDARD OF CARE BYLAWS PROVISIONS INCLUDE THE FOLLOWING DURING THE CSC: THE PERMITTED NUMBER OF TRUSTEES WAS AMENDED TO BE NO FEWER THAN NINE. THE EXECUTIVE COMMITTEE WAS ALLOWED TO ACT ON BEHALF OF THE FULL BOARD UNTIL THE BOARD IS ABLE TO ACT OR OTHERWISE EXERCISE ITS POWERS. THE BOARD DELEGATES FINAL APPROVAL OF MEDICAL STAFF PRIVILEGES TO THE PRESIDENT & CEO OF THE HOSPITAL. THE BOARD EMPOWERS MANAGEMENT TO CHANGE POLICIES AND PROCEDURES AS IT DEEMS NECESSARY. THE EXECUTIVE COMMITTEE OF THE MEDICAL STAFF DELEGATES APPROVAL MEDICAL STAFF PRIVILEGE CHANGES AND TEMPORARY PRIVILEGES TO THE PRESIDENT OF THE MEDICAL STAFF OR DESIGNEE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBERSHIP CORPORATION. THE SOLE MEMBER OF THE ORGANIZATION SHALL BE THE PARENT, THE VALLEY HOSPITAL,INC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER RESERVES THE RIGHT TO NOMINATE, ELECT, REMOVE, AND APPROVE THE ELECTION OF THE TRUSTEES OF THE ORGANIZATION. 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 VALLEY PHYSICIAN SERVICES 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. ANY COMMENTS ARE SUMMARIZED AND PROVIDED TO THE DIRECTOR OF FINANCE. 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 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. THE COMPENSATION IS CONTEMPORANEOUSLY DOCUMENTED AND THE PROCESS WAS LAST UNDERTAKEN IN 2020. FORM 990, PART VI, SECTION C, LINE 19 VPS MAKES ITS FORM 990, FINANCIAL STATEMENTS, FORM 1023, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G VALLEY HOSPITAL CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,973,833. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,973,833. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 219,351. MANAGEMENT AND GENERAL EXPENSES 16,061. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 235,412. COLLECTION AGENCY: PROGRAM SERVICE EXPENSES 19,518. MANAGEMENT AND GENERAL EXPENSES 10,575. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,093. BILLING EXPENSES: PROGRAM SERVICE EXPENSES 687,023. MANAGEMENT AND GENERAL EXPENSES 372,220. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,059,243. MEDICAL SERVICES: PROGRAM SERVICE EXPENSES 81,120. MANAGEMENT AND GENERAL EXPENSES 43,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125,070. CONSULTING: PROGRAM SERVICE EXPENSES 635,346. MANAGEMENT AND GENERAL EXPENSES 344,222. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 979,568. DICTATION SERVICES: PROGRAM SERVICE EXPENSES 5,943. MANAGEMENT AND GENERAL EXPENSES 3,220. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,163. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 458,161. MANAGEMENT AND GENERAL EXPENSES 250,472. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 708,633. FORM 990, PART XI, LINE 9: CHANGE IN ASSETS HELD BY FOUNDATION -253,865. FORM 990, PART XI, LINE 2C THE AUDIT COMMITTEE IS RESPONSIBLE FOR SELECTING AN INDEPENDENT ACCOUNTANT AND FOR THE OVERSIGNT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE VALLEY HOSPITAL FOUNDATION INC 223 NORTH VAN DIEN AVE RIDGEWOOD NJ 07450 222324554 SOLICITS AND RECEIVES CONTRIBUTIONS FOR THE BENEFIT OF HEALTH SYSTEM NJ 501(C)(3) LINE 7 VALLEY HEALTH SYSTEM INC 0 THE VALLEY HOSPITAL INC 223 NORTH VAN DIEN AVE RIDGEWOOD NJ 07450 221487307 PROVIDES HEALTHCARE PROGRAMS AND SERVICES TO ALL NJ 501(C)(3) LINE 3 VALLEY HEALTH SYSTEM INC 0 VALLEY HEALTH SYSTEM INC 223 NORTH VAN DIEN AVE RIDGEWOOD NJ 07450 222922016 PROVIDES MANAGEMENT AND PLANNING SERVICES FOR ITS MEMBERS NJ 501(C)(3) LINE 3 N/A 0 VALLEY HOME CARE INC 15 ESSEX ROAD PARAMUS NJ 07652 223208480 PROVIDES HOME CARE AND HOSPICE SERVICES TO RESIDENTS OF NORTHERN NJ NJ 501(C)(3) LINE 10 VALLEY HEALTH SYSTEM INC 0 VALLEY PHYSICIAN SERVICE NY PC 15 ESSEX ROAD PARAMUS NJ 07450 453125678 OPERATES URGENT/PRIMARY CARE CLINICS NY 501(C)(3) LINE 10 VALLEY PHYSICIAN SERVICES INC 1 VALLEY PHYSICIANS SERVICES PC 15 ESSEX ROAD PARAMUS NJ 07652 465285330 PROVIDES PRIMARY AND SPECIALTY MEDICAL CARE NJ 501(C)(3) LINE 10 VALLEY PHYSICIAN SERVICES INC 1 VALLEY MEDICAL SERVICES PC 15 ESSEX ROAD PARAMUS NJ 07652 465297054 PROVIDES MANAGEMENT AND VARIED CONSULTING SERVICES NJ 501(C)(3) LINE 10 VALLEY PHYSICIAN SERVICES INC 1 VHS INSURANCE COMPANY LTD 010 MAIN STREET CAYMAN ISLANDS CJ 980408200 PROVIDES PROFESSIONAL, MEDICAL AND COMMERCIAL GENERAL LIABILITY INSURANCE CJ VALLEY HEALTH SYSTEM INC C 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1