efile Public Visual Render
ObjectId: 202203199349313790 - Submission: 2022-11-15
TIN: 22-1487307
Form
990
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
21
Open to Public Inspection
A
For the 2021 calendar year, or tax year beginning
01-01-2021
, and ending
12-31-2021
B
Check if applicable:
Address change
Name change
Initial return
Final return/terminated
Amended return
Application pending
C
Name of organization
THE VALLEY HOSPITAL INC
Doing business as
Number and street (or P.O. box if mail is not delivered to street address)
223 NORTH VAN DIEN AVENUE
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RIDGEWOOD
,
NJ
07450
D Employer identification number
22-1487307
E Telephone number
(201) 447-8000
G
Gross receipts $
1,559,454,955
F
Name and address of principal officer:
AUDREY MEYERS
223 NORTH VAN DIEN AVENUE
RIDGEWOOD
,
NJ
07450
I
Tax-exempt status:
501(c)(3)
501(c)
(
)
(insert no.)
4947(a)(1)
or
527
J
Website:
WWW.VALLEYHEALTH.COM
H(a)
Is this a group return for
subordinates?
Yes
No
H(b)
Are all subordinates
included?
Yes
No
If "No," attach a list. See instructions.
H(c)
Group exemption number
K
Form of organization:
Corporation
Trust
Association
Other
L
Year of formation:
1925
M
State of legal domicile:
NJ
Part I
Summary
1
Briefly describe the organization’s mission or most significant activities:
THE VALLEY HOSPITAL SERVES THE COMMUNITY BY HEALING AND CARING FOR PATIENTS, COMFORTING THEIR FAMILIES AND TEACHING GOOD HEALTH.
2
Check this box
3
Number of voting members of the governing body (
Part VI
, line 1a)
........
3
19
4
Number of independent voting members of the governing body (
Part VI
, line 1b)
.....
4
18
5
Total number of individuals employed in calendar year 2021 (
Part V
, line 2a)
......
5
4,328
6
Total number of volunteers (estimate if necessary)
.............
6
900
7a
Total unrelated business revenue from
Part VIII
, column (C), line 12
........
7a
690,191
b
Net unrelated business taxable income from Form 990-T, Part I, line 11
.........
7b
0
Prior Year
Current Year
8
Contributions and grants (
Part VIII
, line 1h)
.........
90,953,885
48,649,420
9
Program service revenue (
Part VIII
, line 2g)
.........
761,188,083
894,617,449
10
Investment income (
Part VIII
, column (A), lines 3, 4, and 7d )
....
33,006,001
30,738,761
11
Other revenue (
Part VIII
, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)
12,249,054
26,523,473
12
Total revenue—add lines 8 through 11 (must equal
Part VIII
, column (A), line 12)
897,397,023
1,000,529,103
13
Grants and similar amounts paid (
Part IX
, column (A), lines 1–3 )
...
79,111,186
89,176,604
14
Benefits paid to or for members (
Part IX
, column (A), line 4)
.....
0
0
15
Salaries, other compensation, employee benefits (
Part IX
, column (A), lines 5–10)
405,415,923
344,729,669
16a
Professional fundraising fees (
Part IX
, column (A), line 11e)
.....
0
0
b
Total fundraising expenses (
Part IX
, column (D), line 25)
0
17
Other expenses (
Part IX
, column (A), lines 11a–11d, 11f–24e)
....
358,963,016
421,953,657
18
Total expenses. Add lines 13–17 (must equal
Part IX
, column (A), line 25)
843,490,125
855,859,930
19
Revenue less expenses. Subtract line 18 from line 12
.......
53,906,898
144,669,173
Beginning of Current Year
End of Year
20
Total assets (
Part X
, line 16)
.............
2,094,706,375
2,214,086,950
21
Total liabilities (
Part X
, line 26)
.............
779,283,273
761,951,049
22
Net assets or fund balances. Subtract line 21 from line 20
.....
1,315,423,102
1,452,135,901
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
2022-11-15
Signature of officer
Date
AUDREY MEYERS
PRESIDENT & CEO,
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
2022-11-09
Check
if
self-employed
PTIN
P00434443
Firm's name
PKF O'CONNOR DAVIES LLP
Firm's EIN
27-1728945
Firm's address
300 TICE BOULEVARD SUITE 315
WOODCLIFF LAKE
,
NJ
07677
Phone no.
(201) 712-9800
May the IRS discuss this return with the preparer shown above? (see instructions)
..........
Yes
No
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form
990
(2021)
Page 2
Form 990 (2021)
Page
2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this
Part III
..............
1
Briefly describe the organization’s mission:
THE VALLEY HOSPITAL SERVES THE COMMUNITY BY HEALING AND CARING FOR PATIENTS, COMFORTING THEIR FAMILIES AND TEACHING GOOD HEALTH. THE VALLEY HOSPITAL IS DISTINGUISHED BY A COMMITMENT TO EXCELLENCE IN CLINICAL CARE, INNOVATION IN PROGRAMS AND TECHNOLOGY, AND PROVIDING A COMPASSIONATE AND RESPECTFUL ENVIRONMENT.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ?
.....................
Yes
No
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services?
...........................
Yes
No
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a
(Code:
) (Expenses $
689,209,926
including grants of $
89,176,604
) (Revenue $
894,476,641
)
THE VALLEY HOSPITAL IN RIDGEWOOD, NEW JERSEY IS A FULLY ACCREDITED, ACUTE CARE, NOT-FOR-PROFIT HOSPITAL SERVING MORE THAN 440,000 PEOPLE IN 32 TOWNS IN BERGEN COUNTY AND ADJOINING COMMUNITIES. THE VALLEY HOSPITAL IS PART OF VALLEY HEALTH SYSTEM, A REGIONAL HEALTHCARE SYSTEM THAT SERVES RESIDENTS IN NORTHERN NEW JERSEY AND SOUTHERN NEW YORK. IT COMPRISES THE VALLEY HOSPITAL, VALLEY HOME CARE, AND VALLEY MEDICAL GROUP. AS A NOT-FOR-PROFIT HOSPITAL, VALLEY IS COMMITTED TO GIVING BACK TO THE COMMUNITY. VALLEY SERVES THE COMMUNITY BY PROVIDING THOUSANDS OF HOURS OF HEALTHCARE EDUCATION AND SCREENINGS, SUPPORT GROUPS AND CLASSES TO ASSIST THOSE IN NEED, AND CARE TO ALL THOSE WHO COME THROUGH OUR DOORS, REGARDLESS OF THEIR ABILITY TO PAY. VALLEY'S CURRENT LICENSED CAPACITY IS 431 BEDS. BERGEN COUNTY IS THE MOST POPULOUS COUNTY IN NEW JERSEY AND ONE OF THE WEALTHIEST COUNTIES IN THE UNITED STATES. THERE ARE 931,275 RESIDENTS IN THE 233.01 SQUARE MILES OF BERGEN COUNTY, NJ. THE POPULATION IS 55% WHITE AND NON-HISPANIC, 21% HISPANIC, 7% BLACK, AND 17% ASIAN. THE MEDIAN HOUSEHOLD INCOME IS $104,623. RESIDENTS ARE GENERALLY WELL-EDUCATED AND HAVE HIGHER GRADUATION RATES THAN NJ AS A WHOLE AND THE U.S. AS A WHOLE. THE VALLEY HOSPITAL EMPLOYS PEOPLE WHO REPRESENT AND LIVE IN THE COMMUNITIES WE SERVE. MORE THAN 3,600 EMPLOYEES CONSTITUTE THE VALLEY HOSPITAL.OVER 2,660 COVID-19 PATIENTS CAME THROUGH THE DOORS OF THE HOSPITAL IN 2021. IN FEBRUARY 2021, VALLEY OPENED A COVID-19 VACCINE CENTER AND ADMINISTERED MORE THAN 170,000 COVID-19 VACCINES TO MEMBERS OF OUR COMMUNITY THROUGHOUT THE YEAR.BY THE END OF 2021, A TOTAL OF 974 MONOCLONAL ANTIBODY INFUSIONS WERE GIVEN. MONOCLONAL ANTIBODY TREATMENT IS FOR PATIENTS AT HIGH-RISK WITH MILD TO MODERATE COVID-19 INFECTION AND GIVEN WITHIN 10 DAYS OF SYMPTOM ONSET.IN 2021, 50,120 INDIVIDUALS WERE ADMITTED TO VALLEY, 61,884 PEOPLE WERE TREATED IN THE EMERGENCY DEPARTMENT, AND 3,875 BABIES WERE BORN. IN ADDITION TO ITS "CENTERS OF EXCELLENCE" IN CARDIAC/HEART FAILURE, DIABETES, ONCOLOGY, PULMONARY, GERIATRICS, TOTAL JOINT, AND NEUROVASCULAR, VALLEY ALSO OFFERS THE SERVICES OF A COMPREHENSIVE CANCER CENTER, CENTER FOR CHILDBIRTH, CENTER FOR MINIMALLY INVASIVE AND ROBOTIC SURGERY, A TOTAL JOINT REPLACEMENT CENTER, A NEUROSCIENCE CENTER, A CENTER FOR METABOLIC SURGERY AND WEIGHT-LOSS MANAGEMENT, A CENTER FOR SLEEP MEDICINE, THE GAMMA KNIFE CENTER, AND THE KIREKER CENTER FOR CHILD DEVELOPMENT, AMONG OTHERS.THE VALLEY HOSPITAL EMERGENCY DEPARTMENT IS A RECIPIENT OF THE LANTERN AWARD FROM THE EMERGENCY NURSES ASSOCIATION. VALLEY IS ONE OF ONLY 28 HOSPITALS NATIONWIDE TO EARN THIS AWARD FOR 2019-2022 AND IS THE FIRST AND ONLY HOSPITAL IN BERGEN COUNTY TO RECEIVE THIS RECOGNITION SINCE THE PROGRAM'S INCEPTION IN 2011.BERGEN COUNTY HAS THE SECOND HIGHEST PERCENTAGE OF ADULTS 65 AND OVER AMONG ALL COUNTIES IN NEW JERSEY. PEOPLE OVER THE AGE 65 MAKE UP 17% OF BERGEN COUNTY RESIDENTS COMPARED TO NEW JERSEY OVERALL AT 16%. VALLEY HEALTH PRIMETIME WAS CREATED TO HELP OLDER ADULTS STAY HEALTHY BY TEACHING THEM GOOD HEALTH AND PROVIDING OPPORTUNITIES TO REMAIN SOCIALLY ACTIVE. IN 2021, VALLEY HEALTH PRIMETIME TRANSITIONED TO VIRTUAL PROGRAMS AND OFFERED 34 FREE, VIRTUAL PROGRAMS TO OVER 1,358 OLDER ADULTS. EACH YEAR, VALLEY DINING PREPARES OVER 23,000 MEALS FOR COMMUNITY MEALS, INC., AND FINANCIAL RESOURCES TO SUPPORT HOMEBOUND OLDER ADULTS IN VALLEY'S SERVICE AREA.VALLEY'S COMMUNITY CARE CLINIC HAD 4,805 VISITS IN 2021. THEY PROVIDE CARE AT NO COST TO THE PATIENTS WHO QUALIFY IN 16 (MEDICAL, NEUROLOGY, GI, GENERAL SURGERY, BREAST SURGERY, RHEUMATOLOGY, OPHTHALMOLOGY, GYN, OB, PEDIATRICS, PULMONARY, CARDIOLOGY, PAIN, DERMATOLOGY, ORTHOPEDICS, AND UROLOGY) SPECIALTY CLINICS. THEY CONTINUE TO PROVIDE CARE TO CHILDREN IN FOSTER CARE IN BERGEN AND PASSAIC COUNTIES THAT REQUIRE COMPLEX MEDICAL AND SUBSPECIALTY CARE. IN 2020, THE VALLEY HOSPITAL WAS AWARDED THE "LGBTQ HEALTHCARE EQUALITY LEADER" DESIGNATION BY THE HUMAN RIGHTS CAMPAIGN (HRC) FOUNDATION FOR EARNING A TOP SCORE FOR ITS LGBTQ-INCLUSIVE POLICIES AND PRACTICES. VALLEY RECEIVED THE TOP SCORE OF 100 FOR THE THIRD TIME FOR ITS LGBTQ-INCLUSIVE POLICIES AND PRACTICES IN FOUR AREAS: NON-DISCRIMINATION AND STAFF TRAINING, LGBTQ PATIENT SERVICES AND SUPPORT, EMPLOYEE BENEFITS AND POLICIES, AND LGBTQ PATIENT AND COMMUNITY ENGAGEMENT. THE HEI SURVEY IS REVIEWED EVERY TWO YEARS. VALLEY SUPPORTS BUDDIES OF NEW JERSEY, GARDEN STATE EQUALITY, AND FRIENDS OF MAHWAH PRIDE TO EXPAND RESOURCES TO THE LGBTQ COMMUNITY.VALLEY'S SOCIAL EQUALITY COUNCIL IS DEVELOPING INITIATIVES AND PROGRAMS THAT ENCOURAGE SAFETY AND EQUAL ACCESS TO ALL OPPORTUNITIES, SO THAT EVERYONE CAN LEAD A HEALTHY AND FULFILLED LIFE, REGARDLESS OF AN INDIVIDUAL'S BACKGROUND, ETHNICITY, OR RACE.BY COLLABORATING WITH AREA ORGANIZATIONS, VALLEY IS ABLE TO WORK WITH UNDERSERVED POPULATIONS TO HELP MEET ACCESS TO CARE NEEDS OF THEIR MEMBERS AND CONNECT INDIVIDUALS TO RESOURCES.COMMUNITY EDUCATION CLASSES WERE ORIGINALLY DESIGNED AS IN-PERSON SESSIONS, BUT WHEN THE PANDEMIC HIT, THE COMMUNITY HEALTH DEPARTMENT QUICKLY ASSESSED HOW TO OFFER CLASSES VIRTUALLY. OVER 16,157 PEOPLE PARTICIPATED IN FREE EDUCATION PROGRAMS IN PERSON AND VIRTUALLY IN 2021.LIFESTYLES, OUR WORLD-CLASS HEALTH AND FITNESS CENTER, FEATURES THREE POOLS AND THE LATEST STRENGTH AND CARDIO EQUIPMENT. THE TEAM OF HIGHLY EXPERIENCED AND DEGREED HEALTH PROFESSIONALS DESIGN PROGRAMMING TO MEET THE WELLNESS NEEDS FOR PEOPLE OF ALL AGES. TO ENCOURAGE THE COMMUNITY TO STAY HEALTHY DURING THE PANDEMIC, LIFESTYLES LAUNCHED A FREE "LIFESTYLES AT HOME" VIDEO SERIES FOR THE COMMUNITY, FEATURING 95 INSTRUCTIONAL VIDEOS COVERING FLEXIBILITY, CARDIO/FITNESS, CARDIO/STRENGTH TRAINING, STRENGTH TRAINING, AND MIND/BODY.PARTICIPANTS IN VALLEY'S FREE WALKING PROGRAMS WALKED 10,200 MILES IN 2021. PARTICIPANTS IN WEIGHT LOSS CHALLENGES OFFERED BY VALLEY IN PARTNERSHIP WITH THE RIDGEWOOD AND PARAMUS BOARDS OF HEALTH LOST A TOTAL OF 417 LBS. FIFTY PERCENT OF THOSE PARTICIPANTS ALSO LOWERED THEIR A1C AND CHOLESTEROL. ALSO, 1,500 PEOPLE ATTENDED NUTRITION PROGRAMS ON TOPICS SUCH AS HEALTHY SUMMER EATING, THE MEDITERRANEAN DIET, WEIGHT LOSS STRATEGIES, AND THE TRUTH BEHIND DIET TRENDS.OVER 350 PEOPLE PARTICIPATED IN BLOOD PRESSURE SCREENING CLINICS, AND 835 PEOPLE PARTICIPATED IN PROGRAMS ON CARDIAC AND STROKE. SOME PROGRAM TOPICS INCLUDE MANAGING BLOOD PRESSURE, METABOLIC SYNDROME, WOMEN'S CARDIAC HEALTH, STROKE, AND ATRIAL FIBRILLATION. VALLEY ALSO HOSTS A STROKE SUPPORT GROUP WITH APPROXIMATELY 10 PARTICIPANTS EACH MONTH.THE VALLEY HOSPITAL WAS AWARDED THE ADVANCED COMPREHENSIVE STROKE CENTER CERTIFICATION THE HIGHEST-LEVEL RECOGNITION THAT A STROKE CENTER CAN RECEIVE FROM THE JOINT COMMISSION. THIS PRESTIGIOUS CERTIFICATION SIGNIFIES THAT VALLEY HAS MET RIGOROUS PERFORMANCE STANDARDS AND DEMONSTRATED THE ABILITY TO TREAT EVEN THE MOST COMPLEX STROKE CASES.VALLEY IS PROUD TO AFFILIATE WITH HIGH-QUALITY ORGANIZATIONS TO OFFER OUR PATIENTS THE BEST CARE AND SERVICE. WE HAVE ESTABLISHED AN ACADEMIC AFFILIATION WITH MOUNT SINAI HEALTH SYSTEM TO PROVIDE STATE-OF-THE-ART, COMPREHENSIVE CANCER CARE AND SPECIALTY CHILDREN'S SERVICES TO OUR PATIENTS AND THEIR FAMILIES. WE HAVE ALSO ESTABLISHED A CARDIAC AFFILIATION WITH CLEVELAND CLINIC THE NO. 1 HEART HOSPITAL IN THE COUNTRY TO SHARE BEST PRACTICES, COORDINATE CARE, AND DEVELOP PROGRAMS TO IMPROVE QUALITY AND PATIENT SAFETY.THE VALLEY HOSPITAL ONCE AGAIN RECEIVED THE GET WITH THE GUIDELINES-STROKE GOLDPLUS ACHIEVEMENT AWARD FOR IMPLEMENTING SPECIFIC, RESEARCH-BASED QUALITY IMPROVEMENT MEASURES FOR THE TREATMENT OF STROKE PATIENTS. HOSPITALS THAT EARN THIS RECOGNITION HAVE REACHED AN AGGRESSIVE GOAL OF TREATING STROKE PATIENTS WITH 85% OR HIGHER COMPLIANCE TO CORE STANDARD LEVELS OF CARE, AS OUTLINED BY THE AMERICAN HEART ASSOCIATION AND AMERICAN STROKE ASSOCIATION, FOR TWO CONSECUTIVE YEARS. VALLEY ALSO EARNED THE TARGET: STROKE HONOR ROLL RECOGNITION FOR MEETING QUALITY MEASURES DEVELOPED TO REDUCE THE TIME BETWEEN THE PATIENT'S ARRIVAL AT THE HOSPITAL AND TREATMENT WITH CLOT-DISSOLVING MEDICATION.
4b
(Code:
) (Expenses $
including grants of $
) (Revenue $
)
4c
(Code:
) (Expenses $
including grants of $
) (Revenue $
)
4d
Other program services (Describe in Schedule O.)
(Expenses $
including grants of $
) (Revenue $
)
4e
Total program service expenses
689,209,926
Form
990
(2021)
Page 3
Form 990 (2021)
Page
3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?
If "Yes," complete Schedule A
.....................
1
Yes
2
Is the organization required to complete
Schedule B, Schedule of Contributors
? See instructions.
...
2
Yes
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?
If "Yes," complete Schedule C,
Part I
.............
3
No
4
Section 501(c)(3) organizations.
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?
If "Yes," complete Schedule C,
Part II
.........
4
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19?
If "Yes," complete Schedule C,
Part III
..
5
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?
If "Yes," complete
Schedule D,
Part I
.........................
6
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures?
If "Yes," complete Schedule D,
Part II
....
7
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets?
If "Yes,"
complete Schedule D,
Part III
..............
8
No
9
Did the organization report an amount in
Part X
, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in
Part X
; or provide credit counseling, debt management, credit repair, or debt negotiation services?
If "Yes," complete Schedule D,
Part IV
..............
9
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments?
If "Yes," complete Schedule D,
Part V
......
10
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in
Part X
, line 10?
If "Yes," complete
Schedule D,
Part VI
.
...................
11a
Yes
b
Did the organization report an amount for investments—other securities in
Part X
, line 12 that is 5% or more of its total assets reported in
Part X
, line 16?
If "Yes," complete Schedule D,
Part VII
.......
11b
No
c
Did the organization report an amount for investments—program related in
Part X
, line 13 that is 5% or more of its total assets reported in
Part X
, line 16?
If "Yes," complete Schedule D,
Part VIII
.......
11c
No
d
Did the organization report an amount for other assets in
Part X
, line 15 that is 5% or more of its total assets reported in
Part X
, line 16?
If "Yes," complete Schedule D,
Part IX
............
11d
Yes
e
Did the organization report an amount for other liabilities in
Part X
, line 25?
If "Yes," complete Schedule D,
Part X
11e
Yes
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)?
If "Yes," complete Schedule D,
Part X
11f
Yes
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete
Schedule D, Parts XI and XII
......................
12a
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year?
If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional
12b
Yes
13
Is the organization a school described in section 170(b)(1)(A)(ii)?
If "Yes," complete Schedule E
13
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?
.....
14a
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?
If "Yes," complete Schedule F, Parts I and IV
.........
14b
No
15
Did the organization report on
Part IX
, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization?
If “Yes,” complete Schedule F, Parts II and IV
.....
15
No
16
Did the organization report on
Part IX
, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals?
If “Yes,” complete Schedule F, Parts III and IV
...
16
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on
Part IX
, column (A), lines 6 and 11e?
If "Yes," complete Schedule G,
Part I.
See instructions.
....
17
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on
Part VIII
, lines 1c and 8a?
If "Yes," complete Schedule G,
Part II
............
18
No
19
Did the organization report more than $15,000 of gross income from gaming activities on
Part VIII
, line 9a?
If "Yes," complete Schedule G,
Part III
...................
19
No
20a
Did the organization operate one or more hospital facilities?
If "Yes," complete Schedule H
....
20a
Yes
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
Yes
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on
Part IX
, column (A), line 1?
If “Yes,” complete Schedule I, Parts I and II
.....
21
Yes
Form
990
(2021)
Page 4
Form 990 (2021)
Page
4
Part IV
Checklist of Required Schedules
(continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on
Part IX
, column (A), line 2?
If “Yes,” complete Schedule I, Parts I and III
........
22
No
23
Did the organization answer "Yes" to
Part VII
, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees?
If "Yes," complete Schedule J
.......................
23
Yes
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?
If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a
...............
24a
Yes
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?
...
24b
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?
...............
24c
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?
...
24d
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations.
Did the organization engage in an excess benefit transaction with a disqualified person during the year?
If "Yes," complete Schedule L,
Part I
....
25a
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ?
If "Yes," complete Schedule L,
Part I
.......................
25b
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons?
If "Yes," complete Schedule L,
Part II
...........
26
Yes
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L,
Part III
.........................
27
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L,
Part IV
instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor?
If "Yes," complete Schedule L,
Part IV
......................
28a
No
b
A family member of any individual described in line 28a?
If "Yes," complete Schedule L,
Part IV
.....
28b
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b?
If "Yes," complete Schedule L,
Part IV
.....................
28c
No
29
Did the organization receive more than $25,000 in non-cash contributions?
If "Yes," complete Schedule M
..
29
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?
If "Yes," complete Schedule M
.................
30
No
31
Did the organization liquidate, terminate, or dissolve and cease operations?
If "Yes," complete Schedule N,
Part I
31
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?
If "Yes," complete Schedule N,
Part II
........................
32
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?
If "Yes," complete Schedule R,
Part I
............
33
Yes
34
Was the organization related to any tax-exempt or taxable entity?
If "Yes," complete Schedule R,
Part II
, III, or IV, and
Part V
, line 1
.........................
34
Yes
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)?
If "Yes," complete Schedule R,
Part V
, line 2
...
35b
Yes
36
Section 501(c)(3) organizations.
Did the organization make any transfers to an exempt non-charitable related organization?
If "Yes," complete Schedule R,
Part V
, line 2
.............
36
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?
If "Yes," complete Schedule R,
Part VI
37
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for
Part VI
, lines 11b and 19?
Note.
All Form 990 filers are required to complete Schedule O.
............
38
Yes
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this
Part V
...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable
..
1a
210
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable
.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?
..................
1c
Form
990
(2021)
Page 5
Form 990 (2021)
Page
5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
(continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return
..................
2a
4,328
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note.
If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. See instructions.
2b
Yes
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?
...
3a
Yes
b
If “Yes,” has it filed a Form 990-T for this year?
If “No” to line 3b, provide an explanation in Schedule O
...
3b
Yes
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?
..
4a
No
b
If "Yes," enter the name of the foreign country:
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?
..
5a
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T?
............
5c
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?
...
6a
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?
......................
6b
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?
....................
7a
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided?
.....
7b
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?
.........................
7c
No
d
If "Yes," indicate the number of Forms 8282 filed during the year
....
7d
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
..
7f
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?
......................
7g
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?
..........................
7h
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?
........
8
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?
........
9a
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?
...
9b
10
Section 501(c)(7) organizations.
Enter:
a
Initiation fees and capital contributions included on
Part VIII
, line 12
...
10a
b
Gross receipts, included on Form 990,
Part VIII
, line 12, for public use of club facilities
10b
11
Section 501(c)(12) organizations.
Enter:
a
Gross income from members or shareholders
.........
11a
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.)
..........
11b
12a
Section 4947(a)(1) non-exempt charitable trusts.
Is the organization filing Form 990 in lieu of Form 1041?
12a
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
.........
Note.
See the instructions for additional information the organization must report on Schedule O.
13a
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans
....
13b
c
Enter the amount of reserves on hand
............
13c
14a
Did the organization receive any payments for indoor tanning services during the tax year?
.....
14a
No
b
If "Yes," has it filed a Form 720 to report these payments?
If "No," provide an explanation in Schedule O
..
14b
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year?
....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income?
..
If "Yes," complete Form 4720, Schedule O.
16
No
17
Section 501(c)(21) organizations.
Did the trust, any disqualified person, or mine operator engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953?
..
If "Yes," complete Form 6069.
17
Form
990
(2021)
Page 6
Form 990 (2021)
Page
6
Part VI
Governance, Management, and Disclosure.
For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines
8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this
Part VI
..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
19
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
18
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee?
.................
2
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person?
.
3
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
.
4
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets?
.
5
No
6
Did the organization have members or stockholders?
................
6
Yes
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body?
....................
7a
Yes
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body?
...................
7b
Yes
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body?
.......................
8a
Yes
b
Each committee with authority to act on behalf of the governing body?
............
8b
Yes
9
Is there any officer, director, trustee, or key employee listed in
Part VII
, Section A, who cannot be reached at the organization’s mailing address?
If "Yes," provide the names and addresses in Schedule O
.......
9
No
Section B. Policies
(
This Section B requests information about policies not required by the Internal Revenue Code.
)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates?
............
10a
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?
............................
11a
Yes
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990.
.....
12a
Did the organization have a written conflict of interest policy?
If "No," go to line 13
.......
12a
Yes
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts?
..........................
12b
No
c
Did the organization regularly and consistently monitor and enforce compliance with the policy?
If "Yes," describe on Schedule O how this was done
...................
12c
No
13
Did the organization have a written whistleblower policy?
...............
13
Yes
14
Did the organization have a written document retention and destruction policy?
.........
14
Yes
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official
...........
15a
Yes
b
Other officers or key employees of the organization
................
15b
Yes
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year?
......................
16a
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements?
............
16b
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
NJ
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
Own website
Another's website
Upon request
Other (explain in Schedule O)
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
WILLIAM KLUTKOWSKI
223 NORTH VAN DIEN AVENUE
RIDGEWOOD
,
NJ
07450
(201) 447-8000
Form
990
(2021)
Page 7
Form 990 (2021)
Page
7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this
Part VII
..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a
Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
List all of the organization’s
current
officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.
List all of the organization’s
current
key employees, if any. See the instructions for definition of "key employee."
List the organization’s five
current
highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the
organization and any related organizations.
List all of the organization’s
former
officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.
List all of the organization’s
former directors or trustees
that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.
See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title
(B)
Average hours per week (list any hours for related organizations below dotted line)
(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee)
(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)
(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(F)
Estimated amount of other compensation from the organization and related organizations
(1)
AUDREY MEYERS
......................................................................
PRESIDENT & CEO, VHS
0.50
.................
39.50
X
X
0
1,715,221
46,536
(2)
VINCENT FORLENZA
......................................................................
CHAIRMAN
0.10
.................
0.40
X
X
0
0
0
(3)
JOSEPH MARION
......................................................................
TREASURER
0.10
.................
0.40
X
X
0
0
0
(4)
ANN LIMBERG
......................................................................
VICE CHAIRMAN & SECRETARY
0.10
.................
0.40
X
X
0
0
0
(5)
KEVIN LOBO
......................................................................
VICE CHAIRMAN
0.10
.................
0.40
X
X
0
0
0
(6)
FRANK J SHEEHY
......................................................................
VICE CHAIRMAN
0.10
.................
0.40
X
X
0
0
0
(7)
JUDY BASELICE
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(8)
JAMES BUSH
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(9)
MICHELLE HASSON
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(10)
M SHAWN KENNEDY
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(11)
BRUCE MACTAS
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(12)
DUANE SACHS
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(13)
DENIS SALAMONE
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(14)
SCOTT SCHROEDER
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(15)
EDWARD B SELF MD
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(16)
STEVEN SILVERSTEIN
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
(17)
JEFFREY S TUCKER
......................................................................
TRUSTEE
0.10
.................
0.40
X
0
0
0
Form
990
(2021)
Page 8
Form 990 (2021)
Page
8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
(continued)
(A)
Name and title
(B)
Average hours per week (list any hours for related organizations below dotted line)
(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee)
(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)
(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(F)
Estimated amount of other compensation from the organization and related organizations
(18)
PATRICIA VERDUIN
........................................................................
TRUSTEE
0.10
.......................
0.40
X
0
0
0
(19)
WAYNE WALD ESQ
........................................................................
TRUSTEE
0.10
.......................
0.40
X
0
0
0
(20)
WILLIAM KLUTKOWSKI
........................................................................
SR. VP, FINANCE & CFO
2.00
.......................
38.00
X
0
709,400
54,102
(21)
KARTEEK BHAVSAR
........................................................................
VP, ADMINISTRATION
40.00
.......................
0.00
X
509,494
0
21,600
(22)
ANN MARIE LEICHMAN
........................................................................
SR. VP/CNO, PATIENT CARE SVCS
40.00
.......................
0.00
X
429,153
0
31,818
(23)
JULIA KARCHER
........................................................................
VP, ADMINISTRATION
40.00
.......................
0.00
X
371,529
104,315
42,830
(24)
CHARLES VANNOY
........................................................................
VP/CNO, PATIENT CARE SVCS
40.00
.......................
0.00
X
339,560
0
41,196
(25)
JOSEPH YALLOWITZ
........................................................................
VP & CHIEF MEDICAL OFFICER
40.00
.......................
0.00
X
678,459
0
48,302
(26)
DAVID BOHAN
........................................................................
VP & CHIEF DEVELOPMENT OFFICER
40.00
.......................
0.00
X
519,079
0
37,343
(27)
JULIE LO
........................................................................
CHIEF PHYSICIST
40.00
.......................
0.00
X
307,552
0
35,208
(28)
BETTYANN KEMPIN
........................................................................
AVP, ONCOLOGY
40.00
.......................
0.00
X
293,694
0
46,329
(29)
BRAD HASPEL
........................................................................
AVP, ANCILLARY SERVICES
40.00
.......................
0.00
X
296,974
0
27,535
(30)
RICHARD KENNAN
........................................................................
FORMER SENIOR VP FINANCE/CFO
0.00
.......................
0.00
X
0
4,692,143
0
1b
Sub-Total
................
c
Total from continuation sheets to
Part VII
, Section A
....
d
Total (add lines 1b and 1c)
...........
3,745,494
7,221,079
432,799
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization
697
Yes
No
3
Did the organization list any
former
officer, director or trustee, key employee, or highest compensated employee on line 1a?
If "Yes," complete Schedule J for such individual
..............
3
Yes
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000?
If "Yes," complete Schedule J for such
individual
...........................
4
Yes
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization?
If "Yes," complete Schedule J for such person
........
5
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address
(B)
Description of services
(C)
Compensation
TORCON INC
328 NEWMAN SPRINGS ROAD
RED BANK
,
NJ
07701
GENERAL CONTRACTOR
17,637,815
HDR ARCHITECTURE
1917 SOUTH 67TH STREET
OMAHA
,
NE
68106
ARCHITECTURAL
4,676,959
BERGEN ANESTHESIA GROUP PC
500 WEST MAIN STREET SUITE 16
WYCKOFF
,
NJ
07481
ANESTHESIA
3,547,122
VIZIENT
PO BOX 742081
ATLANTA
,
GA
30374
TEMPORARY STAFFING
3,257,547
MAYO COLLABORATIVE SERVICES INC
PO BOX 9146
MINNEAPOLIS
,
PA
55480
LABORATORY
1,801,635
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization
130
Form
990
(2021)
Page 9
Form 990 (2021)
Page
9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this
Part VIII
.............
(A)
Total revenue
(B)
Related or
exempt
function
revenue
(C)
Unrelated
business
revenue
(D)
Revenue
excluded from
tax under sections
512 - 514
1a
Federated campaigns
..
1a
b
Membership dues
..
1b
c
Fundraising events
..
1c
d
Related organizations
1d
45,960,616
e
Government grants (contributions)
1e
2,688,804
f
All other contributions, gifts, grants, and similar amounts not included above
1f
g
Noncash contributions included in lines 1a - 1f:$
1g
h Total.
Add lines 1a-1f
.......
48,649,420
Business Code
2a
PATIENT SERVICE REVENUE
621990
884,433,022
884,433,022
b
PHARMACY REVENUE
621990
8,010,884
7,320,693
690,191
c
HEALTH AND WELLNESS CENTER
713940
2,173,543
2,173,543
d
e
f
All other program service revenue.
g
Total.
Add lines 2a–2f
.....
894,617,449
3
Investment income (including dividends, interest, and other
similar amounts)
......
20,838,353
20,838,353
4
Income from investment of tax-exempt bond proceeds
5
Royalties
...........
(ii) Personal
(i) Real
6a
Gross rents
9,101,434
6a
b
Less: rental expenses
6,971,363
6b
c
Rental income or (loss)
2,130,071
6c
d
Net rental income or (loss)
.......
2,130,071
2,130,071
(ii) Other
(i) Securities
7a
Gross amount from sales of assets other than inventory
574,526
561,280,371
7a
b
Less: cost or other basis and sales expenses
483,059
551,471,430
7b
c
Gain or (loss)
91,467
9,808,941
7c
d
Net gain or (loss)
.........
9,900,408
9,900,408
8a
Gross income from fundraising events (not including $
of contributions reported on line 1c).
See
Part IV
, line 18
....
8a
b
Less: direct expenses
...
8b
c
Net income or (loss) from fundraising events
..
9a
Gross income from gaming activities.
See
Part IV
, line 19
...
9a
b
Less: direct expenses
...
9b
c
Net income or (loss) from gaming activities
..
10a
Gross sales of inventory, less
returns and allowances
..
10a
b
Less: cost of goods sold
..
10b
c
Net income or (loss) from sales of inventory
..
Business Code
Miscellaneous Revenue
11a
PHARMACY - EMPLOYEES
621990
14,853,178
14,853,178
b
PURCHASE DISCOUNTS AND REBATES
900099
4,717,892
4,717,892
c
PENSION SETTLEMENT REFUND
900099
1,941,533
1,941,533
d
All other revenue
....
2,880,799
549,383
2,331,416
e
Total.
Add lines 11a–11d
......
24,393,402
12
Total revenue.
See instructions
.....
1,000,529,103
894,476,641
690,191
56,712,851
Form
990
(2021)
Page 10
Form 990 (2021)
Page
10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).
Check if Schedule O contains a response or note to any line in this
Part IX
..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of
Part VIII
.
(A)
Total expenses
(B)
Program service
expenses
(C)
Management and
general expenses
(D)
Fundraising
expenses
1
Grants and other assistance to domestic organizations and domestic governments. See
Part IV
, line 21
....
89,176,604
89,176,604
2
Grants and other assistance to domestic individuals. See
Part IV
, line 22
...........
3
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See
Part IV
, lines 15 and 16.
.............
4
Benefits paid to or for members
.......
5
Compensation of current officers, directors, trustees, and key employees
...........
1,775,601
1,473,749
301,852
6
Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
.........
7
Other salaries and wages
........
286,696,839
236,118,784
50,578,055
8
Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions)
....
9,944,995
8,190,245
1,754,750
9
Other employee benefits
.......
27,323,065
22,502,924
4,820,141
10
Payroll taxes
...........
18,989,169
15,639,480
3,349,689
11
Fees for services (non-employees):
a
Management
......
b
Legal
.........
c
Accounting
...........
137,004
137,004
d
Lobbying
...........
e
Professional fundraising services.
See
Part IV
, line 17
f
Investment management fees
......
g
Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
53,763,801
47,668,715
6,095,086
12
Advertising and promotion
....
821,333
540,205
281,128
13
Office expenses
.......
4,248,268
2,460,995
1,787,273
14
Information technology
......
15
Royalties
..
16
Occupancy
...........
20,956,096
8,169,067
12,787,029
17
Travel
............
351,421
312,953
38,468
18
Payments of travel or entertainment expenses for any federal, state, or local public officials
.
19
Conferences, conventions, and meetings
....
2,524,067
2,439,657
84,410
20
Interest
...........
3,454,073
3,454,073
21
Payments to affiliates
.......
22
Depreciation, depletion, and amortization
..
56,711,249
56,711,249
23
Insurance
...
24
Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a
SUPPLIES
128,454,749
46,830,701
81,624,048
b
DRUGS
93,573,236
93,573,236
c
PROVISION FOR BAD DEBT
30,312,650
30,312,650
d
EQUIPMENT RENTAL
21,308,929
18,297,858
3,011,071
e
All other expenses
5,336,781
5,336,781
25
Total functional expenses.
Add lines 1 through 24e
855,859,930
689,209,926
166,650,004
0
26
Joint costs.
Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation.
Check here
if following SOP 98-2 (ASC 958-720).
Form
990
(2021)
Page 11
Form 990 (2021)
Page
11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this
Part IX
..............
(A)
Beginning of year
(B)
End of year
1
Cash–non-interest-bearing
........
1
2
Savings and temporary cash investments
.........
374,451,825
2
7,610,097
3
Pledges and grants receivable, net
......
3
4
Accounts receivable, net
.............
82,284,585
4
88,830,870
5
Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons
.......
21,941,068
5
22,592,263
6
Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B)
...
6
7
Notes and loans receivable, net
...........
7
8
Inventories for sale or use
............
8
9
Prepaid expenses and deferred charges
......
20,973,725
9
6,595,119
10a
Land, buildings, and equipment: cost or other basis. Complete
Part VI
of Schedule D
10a
1,531,817,012
b
Less: accumulated depreciation
10b
856,740,999
482,705,687
10c
675,076,013
11
Investments—publicly traded securities
.
955,814,648
11
1,253,327,843
12
Investments—other securities. See
Part IV
, line 11
.....
12
13
Investments—program-related. See
Part IV
, line 11
..
13
14
Intangible assets
...............
14
15
Other assets. See
Part IV
, line 11
...........
156,534,837
15
160,054,745
16
Total assets.
Add lines 1 through 15 (must equal line 33)
...
2,094,706,375
16
2,214,086,950
17
Accounts payable and accrued expenses
.....
229,434,263
17
215,615,034
18
Grants payable
...
18
19
Deferred revenue
.........
19
20
Tax-exempt bond liabilities
.........
384,730,219
20
369,518,483
21
Escrow or custodial account liability.
Complete
Part IV
of Schedule D
21
22
Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons
.........
22
23
Secured mortgages and notes payable to unrelated third parties
..
23
24
Unsecured notes and loans payable to unrelated third parties
..
58,953,806
24
58,410,905
25
Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24).
Complete
Part X
of Schedule D
106,164,985
25
118,406,627
26
Total liabilities.
Add lines 17 through 25
..
779,283,273
26
761,951,049
Organizations that follow FASB ASC 958,
check here
and complete lines 27, 28, 32, and 33.
27
Net assets without donor restrictions
..........
1,308,757,553
27
1,445,449,460
28
Net assets with donor restrictions
...........
6,665,549
28
6,686,441
Organizations that do not follow FASB ASC 958,
check here
and complete lines 29 through 33.
29
Capital stock or trust principal, or current funds
.....
29
30
Paid-in or capital surplus, or land, building or equipment fund
...
30
31
Retained earnings, endowment, accumulated income, or other funds
31
32
Total net assets or fund balances
...........
1,315,423,102
32
1,452,135,901
33
Total liabilities and net assets/fund balances
........
2,094,706,375
33
2,214,086,950
Form
990
(2021)
Page 12
Form 990 (2021)
Page
12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this
Part XI
..............
1
Total revenue (must equal
Part VIII
, column (A), line 12)
............
1
1,000,529,103
2
Total expenses (must equal
Part IX
, column (A), line 25)
............
2
855,859,930
3
Revenue less expenses. Subtract line 2 from line 1
..............
3
144,669,173
4
Net assets or fund balances at beginning of year (must equal
Part X
, line 32, column (A))
..
4
1,315,423,102
5
Net unrealized gains (losses) on investments
...............
5
-4,953,407
6
Donated services and use of facilities
.................
6
7
Investment expenses
.....................
7
8
Prior period adjustments
.....................
8
9
Other changes in net assets or fund balances (explain in Schedule O)
........
9
-3,002,967
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal
Part X
, line 32, column (B))
10
1,452,135,901
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this
Part XII
.............
Yes
No
1
Accounting method used to prepare the Form 990:
Cash
Accrual
Other
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
Separate basis
Consolidated basis
Both consolidated and separate basis
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
Separate basis
Consolidated basis
Both consolidated and separate basis
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight
of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
No
b
If "Yes," did the organization undergo the required audit or audits?
If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Form
990
(2021)
Form 990 (2021)
Additional Data
Software ID:
Software Version:
Form 990, Special Condition Description:
Special Condition Description