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Valley Physician Services Pc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Nonmonetary Support N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$201M (2022)

Expenses
$204M (2022)

Total Assets
$26.6M (2022)

Total Liabilities
$41.9M (2022)

Source: Form 990 tax filings from 2017 to 2022

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$200,994,425
Expenses
$204,135,773
Net Income
-$3,141,348
Net Assets
-$15,325,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $200,994,425
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,347,527
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $114,915,858
56.3%
Assets/Debt
Total Assets $26,604,976
Total Liabilities $41,930,896
Net Assets -$15,325,920
Compensation
Key Employees and Officers Compensation Related Other
Juan Grau (Director, Cardiothoracic Surgery) $1,643,753 $0 $37,242
Alex Zapolanski (Physician) $1,310,266 $0 $38,657
Thomas Ahlborn Md (Chair, Surgical Services) $1,265,394 $0 $37,992
Michael Rahmin Md (Physician) $1,225,822 $0 $35,702
Robert Korst Md (Chief Of Oncology Surg Service) $1,001,459 $0 $50,967
Gerald Sotsky (Chair, Cardiology Services) $795,102 $0 $40,265
David Strassberg (Chair, Primary Care Services) $478,540 $0 $33,620
Audrey Meyers (President & Ceo, Vhs) $0 $3,974,039 $49,572
Vincent Forlenza (Chair) $0 $0 $0
Kevin Lobo (Vice Chair) $0 $0 $0
Frank J Sheehy (Vice Chair) $0 $0 $0
Ann Limberg (Vice Chair & Secretary) $0 $0 $0
Joseph Marion (Treasurer) $0 $0 $0
Judy Baselice (Trustee) $0 $0 $0
James Bush (Trustee) $0 $0 $0
Michelle Hasson (Trustee) $0 $0 $0
M Shawn Kennedy (Trustee) $0 $0 $0
Bruce Mactas (Trustee) $0 $0 $0
Duane Sachs (Trustee) $0 $0 $0
Denis Salamone (Trustee) $0 $0 $0
Scott Schroeder (Trustee) $0 $0 $0
Edward B Self Md (Trustee) $0 $0 $0
Steven Silverstein (Trustee) $0 $0 $0
Jeffrey Tucker (Trustee) $0 $0 $0
Patricia Verduin (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$185,170,254
Expenses
$188,262,236
Net Income
-$3,091,982
Net Assets
-$12,184,572
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,322,503
2.3%
Program Services $180,847,334
97.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $417
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,803,286
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $105,990,938
56.3%
Assets/Debt
Total Assets $21,972,839
Total Liabilities $34,157,411
Net Assets -$12,184,572
Compensation
Key Employees and Officers Compensation Related Other
Juan Grau (Director, Cardiothoracic Surgery) $1,602,819 $0 $30,171
Alex Zapolanski (Physician) $1,480,935 $0 $36,529
Thomas Ahlborn Md (Chair, Surgical Services) $1,328,315 $0 $37,479
Michael Rahmin Md (Physician) $1,183,432 $0 $45,364
Robert Korst Md (Chief Of Oncology Surgery) $923,336 $0 $50,560
Gerald Sotsky (Secretary/Treasurer) $784,222 $0 $38,389
David Strassberg (Vice President) $528,097 $0 $27,150
Gail Matthews (Treasurer, Thru 4/2021) $414,498 $0 $10,931
Audrey Meyers (President & Ceo, Vhs) $0 $1,715,221 $46,536
Vincent Forlenza (Chairman) $0 $0 $0
Frank J Sheehy (Vice Chairman) $0 $0 $0
Ann Limberg (Director) $0 $0 $0
Joseph Marion (Director) $0 $0 $0
Judy Baselice (Trustee) $0 $0 $0
James Bush (Trustee) $0 $0 $0
Michelle Hasson (Trustee) $0 $0 $0
Kevin Lobo (Trustee) $0 $0 $0
Bruce Mactas (Trustee) $0 $0 $0
Duane Sachs (Trustee) $0 $0 $0
Denis Salamone (Trustee) $0 $0 $0
Scott Schroeder (Trustee) $0 $0 $0
Edward B Self Md (Trustee) $0 $0 $0
Steven Silverstein (Trustee) $0 $0 $0
Jeffrey Tucker (Trustee) $0 $0 $0
Patricia Verduin (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$156,131,506
Expenses
$158,376,597
Net Income
-$2,245,091
Net Assets
-$9,092,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,860,788
2.5%
Program Services $152,265,272
97.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,446
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,418,438
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $101,670,787
64.2%
Assets/Debt
Total Assets $24,664,339
Total Liabilities $33,756,929
Net Assets -$9,092,590
Compensation
Key Employees and Officers Compensation Related Other
Alex Zapolanski Md (Physician) $1,489,899 $0 $35,783
Robert Korst Md (Chief Of Oncology Surgery) $1,276,207 $0 $49,285
Thomas Ahlborn Md (Chair, Surgical Services) $1,247,449 $0 $34,193
Michael Rahmin Md (Physician) $1,131,623 $0 $47,815
Ali Nasseri (Medical Director, Tvh Fertility Center) $937,580 $0 $42,640
Gail Matthews (Treasurer) $827,026 $0 $20,942
David Strassberg Md (President) $549,203 $0 $21,267
Audrey Meyers (President & Ceo, Vhs) $0 $1,842,384 $45,085
William Klutkowski (Vp & Cfo Eff. 3/2020) $0 $664,987 $51,335
Robert W Brenner (President, Clinical Integration) $0 $1,339,685 $24,791
Richard Keenan (Senior Vp, Finance/Cfo Thru 8/2020) $0 $1,159,434 $37,643

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$162,443,746
Expenses
$163,219,483
Net Income
-$775,737
Net Assets
-$6,546,250
Notable Sources of Revenue Percent of Total Revenue
Contributions $318,156
0.2%
Program Services $162,125,590
99.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,010,949
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $104,034,345
63.7%
Assets/Debt
Total Assets $20,787,942
Total Liabilities $27,334,192
Net Assets -$6,546,250
Compensation
Key Employees and Officers Compensation Related Other
John Goncalves Md (Director Cardiac Surgery) $2,086,864 $0 $32,145
Alex Zapolanski Md (Physician) $1,778,994 $0 $33,280
Thomas Ahlborn Md (Chair, Surgical Services) $1,266,827 $0 $32,385
Michael Rahmin Md (Physician) $989,666 $0 $42,479
Gail Matthews Md (Treas. Thru 6/30/19 & Physician) $870,941 $0 $20,060
Robert Korst Md (Chief Of Oncology Surgery) $844,298 $0 $46,859
Marc Melamed Md (Secy. Thru 5/21/19 & Physician) $561,230 $0 $25,057
David Strassberg Md (Pres. Thru 6/30/19 & Physician) $512,917 $0 $20,745
Audrey Meyers (President & Ceo) $0 $1,710,491 $43,337
Vincent Forlenza (Chairman) $0 $0 $0
Frank Sheehy (Vice Chairman) $0 $0 $0
Ann Limberg (Secretary) $0 $0 $0
Joseph Marion (Treasurer) $0 $0 $0
Judy Baselice (Trustee) $0 $0 $0
Michelle Hasson (Trustee) $0 $0 $0
Kevin Lobo (Trustee) $0 $0 $0
Bruce Mactas (Trustee) $0 $0 $0
Barnett Rukin (Trustee, Thru 12/18/19) $0 $0 $0
Duane Sachs (Trustee) $0 $0 $0
Denis Salamone (Trustee) $0 $0 $0
Scott Schroeder (Trustee) $0 $0 $0
Edward Self Md (Trustee) $0 $0 $0
Steven Silverstein (Trustee) $0 $0 $0
Jeffrey Tucker (Trustee) $0 $0 $0
Patricia Verduin (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$149,157,797
Expenses
$149,157,797
Net Income
$0
Net Assets
-$5,770,513
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $149,157,797
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,907,603
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $100,961,331
67.7%
Assets/Debt
Total Assets $14,158,195
Total Liabilities $19,928,708
Net Assets -$5,770,513
Compensation
Key Employees and Officers Compensation Related Other
John Goncalves (Director Cardiac Surgery) $1,789,415 $0 $39,639
Alex Zapolanski (Physician) $1,758,303 $0 $32,965
Thomas Ahlborn (Chair, Surgical Services) $1,406,448 $0 $33,805
Michael Rahmin (Physician) $1,002,770 $0 $41,657
Robert Korst (Chief Of Oncology Surgery) $995,945 $0 $51,537
Gail Matthews (Treasurer) $767,587 $0 $19,708
Marc Melamed Md (Secretary) $626,653 $0 $34,115
David Strassberg Md (President) $439,906 $0 $19,634

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$133,363,494
Expenses
$133,453,106
Net Income
-$89,612
Net Assets
-$5,770,513
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $133,265,190
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $98,304
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,997,920
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $104,282,885
78.1%
Assets/Debt
Total Assets $17,781,707
Total Liabilities $23,552,220
Net Assets -$5,770,513
Compensation
Key Employees and Officers Compensation Related Other
John Goncalves (Director Cardiac Surgery) $1,686,332 $0 $32,290
Alex Zapolanski (Physician) $1,606,145 $0 $32,790
Thomas Ahlborn (Chair, Surgical Services) $1,500,196 $0 $33,236
Michael Rahmin (Physician) $1,001,301 $0 $46,472
Robert Korst (Chief Of Oncology Surgery) $951,922 $0 $56,986
Gail Matthews (Treasurer) $783,815 $0 $19,533
Marc Melamed Md (Secretary) $716,611 $0 $34,021
David Strassberg Md (President) $425,127 $0 $18,814

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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