Reader looks to re-define Valleys’ Non Profit Status
As I have mentioned before, perhaps its time to legislate the definition of a ‘non-profit’ with respect to their avoidance of municipal property taxes in NJ (no matter what the IRS recognizes)
1. If the CEO compensation is higher than XXX per year.
2. If the ‘profit’ is xxx per year.
3. If the physicians using the facility earn more than xxx per year.
4. And most importantly… if there is a deficiency in the amount covered by insurance, will the ‘non profit’ NOT require the patient to make up the difference…the TRUE definition of a non-profit. (rather than make the patient responsible…or worse…send the bill to a collection agency)
