Hackensack Meridian Health Inc

Organization Overview

Hackensack Meridian Health Inc, operating under the name Jfk Medical Center, is located in Edison, NJ. The organization was established in 1996. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Jfk Medical Center employed 5,025 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Jfk Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2017, Jfk Medical Center generated $549.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $544.6m during the year ending 12/2017. While expenses have increased by 3.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

TRANSFORM HEALTH CARE AND BE RECOGNIZED AS THE LEADER OF POSITIVE CHANGE.

Describe the Organization's Program Activity:

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY INPATIENT SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. DURING 2017, JFK MEDICAL CENTER HAD 20,155 ADMISSIONS RESULTING IN 96,095 PATIENT DAYS.


EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY OPERATING ROOM AND SAME DAY SURGERIES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. DURING 2017, JFK MEDICAL CENTER PERFORMED 3,950 INPATIENT SURGERIES, 4,431 SAME DAY STAY SURGICAL PROCEDURES AND 2,287 SURGICAL PROCEDURES AT THE MEDIPLEX SURGERY CENTER.


EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY REHABILITATION SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. DURING 2017, JFK JOHNSON REHABILITATION INSTITUTE HAD 1,877 INPATIENT ADMISSIONS RESULTING IN 28,027 PATIENT DAYS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cps Llc
Management
$16,053,312
Ge Healthcare
Equip Maintenance
$4,333,768
Key Equipment Finance
Financing
$2,696,392
Edison Imaging At Jfk Medical Cente
Medical Services
$5,208,496
Mckesson Technologies Inc
Software Svcs.
$6,303,757
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$48,809
Government grants $600,837
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$649,646
Total Program Service Revenue$543,246,678
Investment income $3,340,525
Tax Exempt Bond Proceeds $37,162
Royalties $0
Net Rental Income $143,301
Net Gain/Loss on Asset Sales $217,732
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $549,822,020

Grants Awarded

Over the last fiscal year, Hackensack Meridian Health Inc has awarded $221,000 in support to 3 organizations.

Grant RecipientAmount

RUTGERS UNIVERSITY FOUNDATION

Org PageRecipient Profile

New Brunswick, NJ

PURPOSE: FINANCIAL ASSISTANCE

$200,000

MERIDIAN HEALTH FOUNDATION INC

Org PageRecipient Profile

Neptune, NJ

PURPOSE: SPONSORSHIP

$15,000

AUXILIARY OF THE ROBERT WOOD JOHNSON UNIV HOSPITAL

Org PageRecipient Profile

Oceanport, NJ

PURPOSE: SPONSORSHIP

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Hackensack Meridian Health Inc has recieved totaling $30,828.

Awarding OrganizationAmount
$16,695
Gamers Outreach Foundation

Saline, MI

PURPOSE: PROGRAM SERVICE ACCOMPLISHMENT I

$14,133
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,244,626
Earnings$521,463
Ending Balance$1,766,089

Peer Organizations

Create an account to unlock the data you need.

or