Valley Physician Services Ny PC

“The organization is a professional corporation with shareholders.”

“The form 990 is prepared by an outside accounting firm. It is reviewed by management and the audit committee of valley health system. A complete copy of the form 990 is made available to all members of the organization's governing body prior to filing.”

“The valley health system has a conflict of interest policy which covers all controlled organizations within the health system, including this organization. The policy requires all trustees, officers, and members of committees with board delegated powers, to annually sign a conflict of interest statement, disclosing any potential conflicts which may exist. Such persons are also required to disclose any potential conflicts as they arise. Conflicts are determined by the board of trustees or delegated committee considering the proposed transaction or arrangement. Persons with conflicts of interest must not participate in the discussion or vote on the related matter.”

“The organization's officers and top management are compensated by a related entity, valley health system. Valley health sysytem's policy mandates that compensation for its officers and top management, be annually reviewed by the executive compensation committee of the board of trustees free of any members with conflicts of interest related thereto. The committee determines that the executives are being paid an appropriate level of compensation by using comparative data for similarly qualified persons in functionally comparable positions at similarly situated organizations. Compensation decision on the amount of compensation paid and term is adequately documented in a contemporaneously written format. This process was last undertaken in 2024.”

“The organization makes their form 1023, 990, financial statements, governing documents, and conflict of interest available upon request.”

“Billing fees: program service expenses 366,228. Management and general expenses 0. Fundraising expenses 0. Total expenses 366,228. Outside services: program service expenses 784,019. Management and general expenses 0. Fundraising expenses 0. Total expenses 784,019. Temporary help: program service expenses 39,359. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,359. Collection agency : program service expenses 0. Management and general expenses 604. Fundraising expenses 0. Total expenses 604. Waste shredding services: program service expenses 912. Management and general expenses 0. Fundraising expenses 0. Total expenses 912.”