Valley Physician Servcies Inc

Organization Overview

Valley Physician Servcies Inc, operating under the name Valley Medical Group, is located in Ridgewood, NJ. The organization was established in 2005. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Valley Medical Group employed 940 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Medical Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Valley Medical Group generated $118.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $118.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MANAGEMENT SERVICES TO RELATED PHYSICIAN SERVICE ORGANIZATIONS WITHIN VALLEY HEALTH SYSTEM, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VALLEY PHYSICIAN SERVICES, INC. PROVIDED SPECIALIZED MANAGEMENT SERVICES TO RELATED PHYSICIAN SERVICE ORGANIZATIONS WITHIN VALLEY HEALTH SYSTEM, INC.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Merritt Hawkins & Associates Llc
Consulting Services
$260,000
Ann M Esak Llc
Consulting Services
$145,145
Shi International Corp
Computer Services
$124,758
Sullivan Cotter & Associates Inc
Consulting Services
$256,889
Ecg Management Consultants
Consulting Services
$210,473
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$106,160,618
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$106,160,618
Total Program Service Revenue$12,101,486
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $118,274,692

Grants Awarded

Over the last fiscal year, Valley Physician Servcies Inc has awarded $335,744 in support to 2 organizations.

Grant RecipientAmount

VALLEY PHYSICIAN SERVICES PC

PURPOSE: STRATEGIC FUNDING

$318,156

VALLEY PHYSICIAN SERVICES NY PC

Org PageRecipient Profile

Paramus, NJ

PURPOSE: STRATEGIC FUNDING

$17,588
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Valley Physician Servcies Inc has recieved totaling $87,187,404.

Awarding OrganizationAmount
Valley Hospital Inc

Ridgewood, NJ

PURPOSE: GENERAL SUPPORT

$86,660,239
Valley Hospital Foundation

Ridgewood, NJ

PURPOSE: DONOR-DESIGNATED SPECIAL PROGRAMS AND SERVICES

$527,165
View Grant Recipient Profile

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