Valley Physician Services PC
15 Essex Rd Ste 506, Paramus, NJ · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $229,614,679 | $230,915,450 | -$16,626,691 |
| FY2023 | $208,224,307 | $208,224,307 | -$15,325,920 |
| FY2022 | $200,994,425 | $204,135,773 | -$15,325,920 |
| FY2021 | $185,170,254 | $188,262,236 | -$12,184,572 |
| FY2020 | $156,131,506 | $158,376,597 | -$9,092,590 |
| FY2019 | $162,443,746 | $163,219,483 | -$6,546,250 |
| FY2018 | $149,157,797 | $149,157,797 | -$5,770,513 |
| FY2017 | $133,363,494 | $133,453,106 | -$5,770,513 |
Form 990 filings
The returns filed by Valley Physician Services PC (EIN 46-5285330), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $229,590,074 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $212,938,103 | 92% |
| Management & general | $17,977,347 | 8% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 92% of functional expenses, management & general 8%, and fundraising 0%.
- 92% of functional expenses went to program services in FY2024. That is higher than 86.4% of 88 Health Care organizations in NJ.
- Net assets covered about -0.9 months of expenses at the end of the reporting year. That puts it in the 6th percentile among 551 Health Care organizations in NJ.
- Total revenue was higher than 95% of 582 Health Care organizations in NJ.
- Total revenue rose from $133,363,494 in FY2017 to $229,614,679 in FY2024. Revenue increased in 6 and decreased in 1 of 7 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 8 reported years (FY2017, FY2019, FY2020, FY2021, FY2022, FY2024).
- Net assets declined from -$5,770,513 to -$16,626,691 between FY2017 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
- The IRS automatically revoked this organization's tax-exempt status on May 15, 2017; it was reinstated on September 15, 2017.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROVIDE MEDICAL CARE AND TO CARRY OUT THE PURPOSES OF THE VALLEY HEALTH SYSTEM, INC.
IRS status
| Ruling year | 2018 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E19 — Health Care (in NJ) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
| Automatic revocation | May 15, 2017 — reinstated September 15, 2017 |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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