New York · Nonprofit
Valley Health Services Inc
Valley Health Services Inc (New York) receives grants from 11 organizations whose IRS filings report $1,710,383 to it, the largest being Friends of Bassett Inc ($1,113,188). 5 of them have funded it in more than one year.
- Revenue FY2024
- $15M
- Funders on record
- 11
- Grants received
- $1.7M
- Net assets
- $-3713179
What Valley Health Services Inc does
Mission
The mission of valley health services, inc. Is to provide quality, person centered rehabilitative, long-term and palliative care through diverse programs designed to promote health and independence.
As stated on its FY2024 Form 990.
Program
Skilled nursing, long-term care short-term inpatient and rehabilitation and sub-acute care, physical therapy o occupational therapy, speech therapy, wound care, iv therapy outpatient rehabilitation, physical therapy, occupational therapy, cardiac rehabilitation, speech therapy, osteoporosis management the18-slot offsite medical model adult day care program in little falls has resumed service following the closing of services at the peak of covid-19. The 12-slot onsite adult day care medical model site is hoping to resume services at some point in the future. Speech therapy, iv therapy, cardiac rehabilitation, palliative care and osteoporosis management are unique services to the greater herkimer area available at vhs, inc. Approximately 55% of valley health services revenue is derived from medicaid. As such, vhs, inc., incurs an approximate shortfall of $65 per patient day reimbursed by the nys medicaid system. An in-house "needy resident" fund provides money for incidental items desired by residents. Additionally, vhs operates its own cna class. Vhs' staff also works with residents, residents' family members and outpatients as requested to address eligibility for federal, state…
$14,990,264 spent$14,481,534 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $14,990,264.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $9.0M to $7.4M (−17%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 18% · 2021 2% · 2022 0% · 2023 9% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.
2% of Valley Health Services Inc’s revenue is contributions — about as donation-reliant as the typical peer (7% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Connie A Jastremski
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 5 funders, grant income fell $117k → $87k.
3 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 29% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Valley Health Services Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Valley Health Services Inc leans on a few funders — its largest provides 65% of grant income and the top three 96%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
95% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Valley Health Services Inc.
Largest funder’s share by year: 2017 92% · 2018 67% · 2019 65% · 2020 58% · 2021 56% · 2022 98% · 2023 51% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of Valley Health Services Inc's funders are still giving 3 years after their first grant; 45% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
98% of Valley Health Services Inc's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $492k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Valley Health Services Inc is better cushioned than half of the 4,580 health nonprofits its size.
this organization peer median middle 50% of peers· 4,580 health nonprofits $10M–$100M, FY2024
Government funding Valley Health Services Inc receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.0M on record.
- Department of Health and Human Services$2.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Valley Health Services Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 16 related entities
- Bassett Healthcare Network · exempt
- Friends of Bassett · exempt
- Mary Imogene Bassett Hospital · exempt
- Bassett Hospital Schoharie County · exempt
- Little Falls Hospital · exempt
Screen this organization
A dated, signed PDF of the compliance screen for Valley Health Services Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Valley Health Services Inc?
- Valley Health Services Inc (New York) receives grants from 11 organizations whose IRS filings report $1,710,383 to it, the largest being Friends of Bassett Inc ($1,113,188). 5 of them have funded it in more than one year.
- How many funders does Valley Health Services Inc have?
- IRS filings report 11 organizations giving $1,710,383 in grants to Valley Health Services Inc, 5 of which have funded it in more than one year.
- Who is the largest funder of Valley Health Services Inc?
- Friends of Bassett Inc is the largest funder on record, with $1,113,188 in grants. The full list of funders is on this page.
- How can an organization like Valley Health Services Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Valley Health Services →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing