Overview
What is Valley Health Systems Inc?
Valley Health Systems Inc, based in Holyoke, Massachusetts, serves as a nonprofit organization dedicated to fostering advancements in various healthcare-related fields. Their mission is to promote the growth of medical, surgical, nursing, and other healthcare-related knowledge. They achieve this by managing and providing advice in connection with healthcare services, primarily supporting Holyoke Medical Center Inc and its affiliates. With a team of 26 employees, Valley Health Systems Inc contributes to the healthcare sector by offering counsel and guidance in the provision of medical services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Valley Health Systems Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization excels in maintaining an independent board, with 66% of its members being independent, and demonstrates rigorous financial oversight with a full score in audit and oversight practices.
The charity shows a solid commitment to ethical governance with established conflict of interest and whistleblower policies. It also maintains a low liabilities to assets ratio, highlighting its financial stability. The program expense ratio of 82.85% indicates that a significant portion of its budget is directed towards its mission-driven programs.
While the data reflects strong operational practices and governance, continuous monitoring of financial health and program effectiveness will be essential to maintain this high standard. Overall, the organization showcases a strong commitment to transparency and responsible management of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Health Systems Inc legitimate?
Valley Health Systems Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Health Systems Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,213,489
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,440,433
For more financial information, click here
What is the mission statement of Valley Health Systems Inc?
Valley Health Systems Inc's mission is centered around supporting the progression of knowledge and skills in various healthcare-related fields. Specifically, they aim to advance medicine, surgery, nursing, and related disciplines. To achieve this goal, Valley Health Systems provides management services and guidance to medical centers and their affiliates, contributing to the overall enhancement of healthcare services. Their activities are geared towards improving the practice and understanding of healthcare, ultimately benefiting patients and the healthcare community as a whole.
Who is the CEO of Valley Health Systems Inc?
Spiridon E Hatiras is the President & Ceo, Clerk of Valley Health Systems Inc. The CEO's salary of Valley Health Systems Inc is $826,583 and their total compensation is $896,645.
What is the revenue of Valley Health Systems Inc?
Valley Health Systems Inc's revenue in 2022 was $4,406,890.
Who are the executives of Valley Health Systems Inc and what are their salaries?
The average compensation at Valley Health Systems Inc during 2022 was $140,535. There are 26 employees and 10 volunteers at Valley Health Systems Inc.
Here are 16 key members and their salaries (Valley Health Systems Inc's CEO's salary is $826,583 and their total compensation is $896,645):
- Compensation: $0
- Related: $226,205
- Other: $11,039
- Compensation: $826,583
- Related: $0
- Other: $70,062
- Compensation: $279,705
- Related: $0
- Other: $37,139
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $397,299
- Related: $0
- Other: $44,997
- Compensation: $280,728
- Related: $0
- Other: $40,089
- Compensation: $251,819
- Related: $0
- Other: $27,459
- Compensation: $151,090
- Related: $0
- Other: $2,059
- Compensation: $128,247
- Related: $0
- Other: $1,370
- Compensation: $116,949
- Related: $0
- Other: $9,993
Where can I find the form 990 for Valley Health Systems Inc?
Valley Health Systems Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Valley Health Systems Inc
Valley Health Systems Inc, as a nonprofit entity, is committed to fostering advancements in the realm of medicine, surgery, nursing, and all other related healthcare disciplines. Their mission is to promote the growth of knowledge and skills in these fields, striving to improve the overall healthcare landscape. To achieve this objective, Valley Health Systems provides management counsel and advice, in addition to managing and operating medical or healthcare services. This is done in connection with Holyoke Medical Center Inc. and its affiliates, demonstrating their dedication to enhancing healthcare practices and knowledge on a broad scale.
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Impact
July, 2024
Valley Health Systems Inc plays a crucial role in advancing knowledge and practice in the fields of medicine, surgery, nursing, and healthcare. By managing, operating, and providing counsel for medical services and facilities, particularly in connection with Holyoke Medical Center and its affiliates, Valley Health Systems Inc has a direct impact on the quality and accessibility of healthcare in the HOLYOKE, MA area. Its mission is focused on supporting the advancement of healthcare practices and ensuring that the community receives essential medical services and care. As a result, Valley Health Systems Inc contributes significantly to the overall health and well-being of individuals in the region, making a tangible difference in the lives of many.
This information is meant to be a general summary of Valley Health Systems Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $347,764
- Program Service Revenue: $3,974,953
- Gross Receipts: $4,835,131
Assets and Liabilities:
- Total Assets: $10,691,393
- Total Liabilities: $958,212
- Net Assets: $9,733,181
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Affiliate Administrati
Revenue
$3,974,953
Organization Details
Founding Year
1984
Phone
(413) 534-2567Principal Officer
Spiridon E Hatiras
Main Address
20 Hospital Drive, Holyoke, MA, 010406604
NTEE Category
Code: E120 - Health
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