2015-11-16T15:29:24-06:00 2014-12-31 271728945 O'CONNOR DAVIES LLP 15 ESSEX RD PARAMUS NJ 076521412 990 2014-01-01 222922016 VALLEY HEALTH SYSTEM INC VALL 2012916200 223 NORTH VAN DIEN AVE RIDGEWOOD NJ 07450 AUDREY MEYERS PRESIDENT 2012916200 2015-11-16 1 EDWARD G O'CONNOR P00434443 2017129800 2014 2016-04-25 22:37:26Z AUDREY MEYERS 223 NORTH VAN DIEN AVE RIDGEWOOD NJ 07450 2589597 0 X WWW.VALLEYHEALTH.COM X 1988 NJ MANAGEMENT AND PLANNING SERVICES FOR ITS MEMBERS. 14 13 0 12 0 0 0 0 2192576 2589477 120 120 0 0 2192696 2589597 0 0 0 0 0 0 0 0 0 2192696 2589597 2192696 2589597 0 0 1829424 1064401 0 0 1829424 1064401 X VALLEY HEALTH SYSTEM IS A FULL SERVICE HEALTHCARE SYSTEM SERVING THE RESIDENTS OF NORTHERN NEW JERSEY. IT COMPRISES THE MANY PROGRAMS AND SERVICES OF THE VALLEY HOSPITAL, A FULL SERVICE HOME CARE AGENCY, VALLEY HOME CARE, AND COMMUNITY-BASED PRIMARY AND URGENT CARE CENTERS, VALLEY HEALTH MEDICAL GROUPS, THAT BRING QUALITY HEALTHCARE TO MANY COMMUNITIES OF BERGEN COUNTY. 0 0 1543207 2589477 HEALTH CARE DELIVERY & MANAGEMENT, GENERAL/OTHER: VALLEY HEALTH SYSTEM PROVIDES MANAGEMENT & PLANNING SERVICES FOR ITS MEMBERS: VALLEY HEALTH MEDICAL GROUP, THE VALLEY HOSPITAL, VALLEY HOME CARE. 1543207 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NJ X X LAURIE DEBENEDETTO 2012916200 223 NORTH VAN DIEN AVE RIDGEWOOD NJ 07450 AUDREY MEYERS PRESIDENT 0.50 39.50 X X 0 1231416 981323 JOHN KANDRAVY ESQ CHAIRMAN 0.50 1.00 X X 0 0 0 DOUGLAS H DITTRICK VICE CHAIRMAN 0.50 X X 0 0 0 VINCENT FORLENZA VICE CHAIRMAN 0.50 X X 0 0 0 RONALD E HERMANCE JR SECRETARY/TREASURER 0.50 X X 0 0 0 ANN ALFORD TRUSTEE 0.50 X 0 0 0 JAMES CORNELL MD PHD TRUSTEE 0.50 X 0 0 0 GANEPOLA GANEPOLA MD TRUSTEE 0.50 X 0 0 0 ROBERT E KELLY MD TRUSTEE 0.50 X 0 0 0 JOSEPH MARION TRUSTEE 0.50 X 0 0 0 MICHAEL RAHMIN MD TRUSTEE 0.50 X 0 0 0 BARNETT BUZZ RUKIN TRUSTEE 0.50 X 0 0 0 DENIS SULLIVAN TRUSTEE 0.50 X 0 0 0 SUSAN VINIAR TRUSTEE 0.50 X 0 0 0 0 1231416 981323 0 0 1 0 0 AFFILIATE COST ALLOCAT 900099 2589477 2589477 2589477 120 120 2589597 2589477 0 120 6000 6000 70802 70802 714831 714831 7354 7354 359684 34125 325559 25200 25200 166473 166473 178945 178945 ALLOCATED SALARIES AND 1015925 1015925 EVENTS EXPENSES 22913 22913 MEMBERSHIP DUES AND LIC 20715 20715 FOOD & DIETARY ISSUES C 755 755 2589597 1543207 1046390 0 597216 597336 1230460 465437 1748 1628 1829424 1064401 0 0 X 1829424 1064401 1829424 1064401 1829424 1064401 X 0 -765023 X X 0 1 X 1 0 X 1951285 2150422 2240901 2192576 2589477 11124661 1951285 2150422 2240901 2192576 2589477 11124661 0 0 0 11124661 1058 719 326 120 120 2343 1058 719 326 120 120 2343 1952343 2151141 2241227 2192696 2589597 11127004 0.99980 0.99100 0.00020 0.00090 X 0 NET EQUITY IN UNCONSOLIDATED SUBSIDIARY 465437 F 465437 X 2589597 0 2589597 0 2589597 2589597 0 2589597 0 2589597 PART X, LINE 2: THE COMPANY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE COMPANY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR YEARS THAT ARE CLOSED DUE TO APPLICABLE STATUTE OF LIMITATIONS WHICH GENERALLY IS THREE YEARS FROM THE BALANCE SHEET DATE. 0 1 0 0 0 0 0 1 0 AUDREY MEYERS PRESIDENT 0 941869 0 0 0 289547 0 960538 0 20785 0 2212739 0 215436 PART I, LINE 4B THE FOLLOWING PERSON RECEIVED PAYMENT FROM SERP PLAN DURING 2014: AUDRY MEYERS RECEIVED $215,436. THIS AMOUNT IS TAXABLE AND REPORTED ON PART II COLUMN F. -THE FOLLOWING PERSON CONTRIBUTED IN 457(F) PLAN DURING 2014: AUDREY MEYERS CONTRIBUTED $937,838. THESE CONTRIBUTIONS ARE INCLUDED IN PART II COLUMN C IN ADDITION TO 401(K)/457(B) CONTRIBUTIONS. PART I, LINE 7 BONUS CAN BE DEFERRED TO 457(F) PLAN AND 401(K) PLAN AND THUS IS NOT TAXABLE IN THE CURRENT YEAR. FORM 990, PART VI, SECTION B, LINE 11 VALLEY HEALTH SYSTEM'S FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY'S FINANCE COMMITTEE. WHEN THE 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT'S SUBMITTED TO MEMBERS OF THE ORGANIZATION'S GOVERNING BODY'S FINANCE COMMITTE FOR ANY COMMENTS. THE FINANCE COMMITTEE REVIEWS THE 990 AND PROVIDES ANY COMMENTS. THE COMMENTS ARE REVIEWED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST ANNUALLY. IF A CONFLICT OF INTEREST EXISTS THE ORGANIZATION WILL NOTIFY MEMBERS OF MANAGEMENT OR THE GOVERNING BODY AND INVESTIGATE THE CONFLICT. IF IT IS DETERMINED THAT AN ACTUAL CONFLICT OF INTEREST EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE PART OF ANY DECISIONS ABOUT SUCH TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 VALLEY HEALTH SYSTEM, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.COM AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FROM 990 AND 1023, AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: EQUITY IN NET INCOME (LOSS) OF SUBSIDIARY 284,977. TRANSFER TO VALLEY HOSPITAL -1,050,000. . FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT AND ESTABLISHING A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEARS. THE VALLEY HOSPITAL INC 223 N VAN DIEN AVE RIDGEWOOD NJ 07450 221487307 PROVIDE HEALTHCARE PROGRAMS AND SERVICES TO ALL NJ 501(C)(3) 3 VALLEY HEALTH SYSTEM INC 1 THE VALLEY HOSPITAL FOUNDATION INC 223 N VAN DIEN AVE RIDGEWOOD NJ 07450 222324554 SOLICIT, RECEIVE AND APPLY CONTRIBUTIONS FOR THE BENEFIT OF THE HOSPITAL NJ 501(C)(3) 7 VALLEY HEALTH SYSTEM INC 1 VALLEY HOME CARE INC 15 ESSEX ROAD PARAMUS NJ 07652 223208480 PROVIDE HOME CARE AND HOSPICE SERVICES TO RESIDENTS OF NORTHERN NJ NJ 501(C)(3) 9 VALLEY HEALTH SYSTEM INC 1 VALLEY MEDICAL SERVICES INC 223 N VAN DIEN AVE RIDGEWOOD NJ 07450 223260998 PROVIDE THE VALLEY HOSPITAL WITH EMPLOYED PHYSICIANS AND CONSULTING SERVICES NJ 501(C)(3) 3 THE VALLEY HOSPITAL INC 0 VALLEY PHYSICIAN SERVICES INC 15 ESSEX ROAD PARAMUS NJ 07652 320041186 PROVIDE MEDICAL CARE AND CARRY OUT THE PURPOSES OF THE VALLEY HOSPITAL NJ 501(C)(3) 3 THE VALLEY HOSPITAL INC 0 VALLEY HEALTH MEDICAL GROUP NJPC 15 ESSEX ROAD PARAMUS NJ 07652 223475166 OPERATES URGENT/PRIMARY CARE CLINICS NJ N/A C 0 VALLEY HEALTH MEDICAL GROUP 15 ESSEX ROAD PARAMUS NJ 07652 223475233 OPERATES URGENT/PRIMARY CARE CLINICS NJ VALLEY HEALTH SYSTEM INC C 475251 1.00000 1 VALLEY PHYSICIAN SERVICE NY PC 15 ESSEX ROAD PARAMUS NJ 07652 453125678 OPERATES URGENT/PRIMARY CARE CLINICS NY VALLEY HEALTH SYSTEM INC C -2729977 3082398 1.00000 1 VHS INSURANCE COMPANY LTD 010 MAIN STREET CAYMAN ISLANDS CJ 980408200 PROVIDES PROFESSIONAL, MEDICAL AND COMMERCIAL GENERAL LIABILITY INSURANCE CJ THE VALLEY HOSPITAL INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 VALLEY HOSPITAL INC P 2198466 COST VALLEY HOME CARE INC P 139832 COST