Valley Health System
- Assets
- $93.6m
- Revenue
- $157.0m
- Investments
- $15.6m
- Employees
- 7,519
- Location
- Winchester, VA
- Founding
- 11/2009
- Data as of
- 12/2020
- EIN
- 52-1357729
Organization Overview
Valley Health System is located in Winchester, VA. The organization was established in 2009. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Valley Health System employed 7,519 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Valley Health System 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 12/2020, Valley Health System generated $157.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $149.0m during the year ending 12/2020. While expenses have increased by 5.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Valley Health System has awarded 143 individual grants totaling $8,087,929. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SERVING OUR COMMUNITY BY IMPROVING HEALTH. PROVISION OF HEALTHCARE AND MEDICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDED MANAGEMENT AND/OR SUPPORT SERVICES TO 14 SUBSIDIARIES AND 8 OUTSIDE HEALTHCARE ORGANIZATIONS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Nantz President | OfficerTrustee | 6 | $1,694,077 |
Grady Skip Philips Frmr VP | Officer | 1 | $0 |
Peter Gallagher Sr Vp/cfo | Officer | 30 | $786,425 |
Iyad Sabbagh Chief Phys Exec | Officer | 39 | $716,057 |
Nicolas Restrepo Vice President | Officer | 1 | $0 |
Jeffrey Feit Vice President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inova Healthcare Services Service Fee | 12/30/22 | $5,697,227 |
Guidehouse Inc Consulting | 12/30/22 | $2,112,814 |
Power Wellness Management Service And Mgmt Fee | 12/30/22 | $1,883,571 |
Wavestone Consulting | 12/30/22 | $1,251,562 |
Huntzinger Management Services | 12/30/22 | $1,164,877 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,239,440 |
| Investment income | $13,038,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$68,941 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $157,041,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,910,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,396,301 |
| Pension plan accruals and contributions | $2,069,435 |
| Other employee benefits | $12,150,680 |
| Payroll taxes | $5,575,026 |
| Fees for services: Management | $1,909,147 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,477 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,918,254 |
| Advertising and promotion | $1,070,224 |
| Office expenses | $11,234,656 |
| Information technology | $9,962,622 |
| Royalties | $0 |
| Occupancy | $2,062,540 |
| Travel | $308,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $302,859 |
| All other expenses | $0 |
| Total functional expenses | $148,974,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,586,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,431,298 |
| Prepaid expenses and deferred charges | $7,164,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,567,324 |
| Investments—program-related | $5,121,818 |
| Intangible assets | $0 |
| Other assets | $42,770,182 |
| Total assets | $93,641,578 |
| Accounts payable and accrued expenses | $69,736,930 |
| Grants payable | $0 |
| Deferred revenue | $222,053 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,627,417 |
| Total liabilities | $79,586,400 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $14,055,178 |
Grants Awarded
Over the last fiscal year, Valley Health System has awarded $1,073,979 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AIDS RESPONSE EFFORT INC PURPOSE: DIRECT GRANT SUPPORT | $15,000 |
CHILD SAFE CENTER PURPOSE: CHILD SAFETY ASSISTANCE | $29,531 |
CONCERN HOTLINE PURPOSE: DIRECT GRANT SUPPORT | $7,500 |
DENTAL CLINIC OF NSV PURPOSE: DIRECT GRANT SUPPORT | $15,000 |
GOOD SAMARITAN FREE CLINIC PURPOSE: CHARITY CARE | $25,000 |
FAITH IN ACTION PURPOSE: DIRECT GRANT SUPPORT | $11,400 |