Valley Health System
- Assets
- $1.6b
- Revenue
- $1.2b
- Investments
- $292.2m
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 11/2009
- Data as of
- 12/2022
- EIN
- 80-0584319
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. This organization is a subordinate organization within 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 12/2022, Valley Health System generated $1.2b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.1b during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 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 27 individual grants totaling $19,291,450. 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
2022
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
VALLEY HEALTH'S MISSION IS SERVING OUR COMMUNITY BY IMPROVING HEALTH. VALLEY HEALTH IS COMPOSED OF SIX CORE HOSPITALS; HAMPSHIRE MEMORIAL HOSPITAL, PAGE MEMORIAL HOSPITAL, SHENANDOAH MEMORIAL HOSPITAL, WAR MEMORIAL HOSPITAL, WARREN MEMORIAL HOSPITAL AND WINCHESTER MEDICAL CENTER. VALLEY HEALTH BRINGS TOGETHER 620 LICENSED INPATIENT BEDS, 36 LONG-TERM CARE BEDS, 5,300 EMPLOYEES, AND A MEDICAL STAFF EXCEEDING 600 PROFESSIONALS.DURING 2022 THE SYSTEM PROVIDED THE FOLLOWING SERVICES TO THE COMMUNITY- 176,844 INPATIENT ACUTE CARE DAYS; 286,366 OUTPATIENT REGISTRATIONS AT PHYSICIAN PRACTICES; 20,344 INPATIENT LONG TERM CARE DAYS; 5,873 INPATIENT REHABILITATION DAYS; 17,903 HOME CARE VISITS CONSISTING OF NURSING, PHYSICAL THERAPY, SOCIAL WORK, OCCUPATIONAL THERAPY, SPEECH PATHOLOGY, AND HOME HEALTH AIDS; 23,319 SURGICAL PROCEDURES,AND 9,160 INPATIENT PSYCIATRIC PATIENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Nantz President & CEO | OfficerTrustee | 34 | $0 |
Andrew Brown Emp Physician | 50 | $1,147,371 | |
Ernesto Jimenez Emp Physician | 50 | $1,109,407 | |
Edward Kofsky Trustee | Trustee | 50 | $1,022,814 |
Grady Skip Philips Frmr VP | Officer | 39 | $888,410 |
Vivek K Gupta MD Emp Physician | 50 | $848,312 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthtrust Workforce Nursing Services | 12/30/22 | $31,212,913 |
Winchester Cardiology And Vascular Medicine Physician Services | 12/30/22 | $21,466,813 |
Winchester Emergency Physician Physician Services | 12/30/22 | $11,167,165 |
Qualivis Llc Nursing Services | 12/30/22 | $12,210,368 |
Winchester Neurology Consultants Physician Services | 12/30/22 | $8,528,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $405,687 |
| Government grants | $32,377,444 |
| All other contributions, gifts, grants, and similar amounts not included above | $520,648 |
| Noncash contributions included in lines 1a–1f | $10,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,303,779 |
| Total Program Service Revenue | $1,084,048,069 |
| Investment income | $18,313,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$917,539 |
| Net Gain/Loss on Asset Sales | $6,510,812 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,021 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,171,611,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,293,565 |
| Grants and other assistance to domestic individuals. | $118,331 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,884,606 |
| Compensation of current officers, directors, key employees. | $8,104,517 |
| Compensation to disqualified persons | $438,275 |
| Other salaries and wages | $337,323,899 |
| Pension plan accruals and contributions | $5,432,787 |
| Other employee benefits | $47,826,586 |
| Payroll taxes | $24,076,811 |
| Fees for services: Management | $123,218,615 |
| Fees for services: Legal | $223,654 |
| Fees for services: Accounting | $284,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,756,875 |
| Fees for services: Other | $195,797,430 |
| Advertising and promotion | $1,211,483 |
| Office expenses | $6,344,269 |
| Information technology | $542,447 |
| Royalties | $0 |
| Occupancy | $13,008,037 |
| Travel | $1,087,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,566,134 |
| Interest | $12,054,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,750,285 |
| Insurance | $5,144,762 |
| All other expenses | $16,586,449 |
| Total functional expenses | $1,144,882,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,240,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,504,983 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $63,343,891 |
| Inventories for sale or use | $16,783,481 |
| Prepaid expenses and deferred charges | $18,362,187 |
| Net Land, buildings, and equipment | $721,847,650 |
| Investments—publicly traded securities | $333,217,546 |
| Investments—other securities | $292,169,905 |
| Investments—program-related | $3,089,628 |
| Intangible assets | $0 |
| Other assets | $26,969,459 |
| Total assets | $1,635,529,342 |
| Accounts payable and accrued expenses | $105,296,811 |
| Grants payable | $0 |
| Deferred revenue | $89,746 |
| Tax-exempt bond liabilities | $420,970,532 |
| 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 | $93,290,102 |
| Total liabilities | $619,647,191 |
| Net assets without donor restrictions | $981,825,721 |
| Net assets with donor restrictions | $34,056,430 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,635,529,342 |
Grants Awarded
Over the last fiscal year, Valley Health System has awarded $6,979,331 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EAST MOUNTAIN HEALTH PHYS PURPOSE: DIRECT GRANT | $6,948,161 |
VALLEY HEALTH PURPOSE: DIRECT GRANT | $31,170 |