Hackensack Meridian Health Inc
- Assets
- $27.5m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Neptune, NJ
- Founding
- 09/1996
- Data as of
- 12/2017
- EIN
- 22-1487258
Organization Overview
Hackensack Meridian Health Inc is located in Neptune, 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hackensack Meridian Health Inc 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, Hackensack Meridian Health Inc generated $6.3m in total revenue. All expenses for the organization totaled $6.9m during the year ending 12/2017. While expenses have increased by 44.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
MUHLENBERG REGIONAL MEDICAL CENTER IS COMMITTED TO EXCELLENCE IN PROVIDING QUALITY AND COMPASSIONATE HEALTHCARE SERVICES TO DIVERSE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUHLENBERG REGIONAL MEDICAL CENTER OPERATES ITS HOME CARE PROGRAM THROUGH A JOINT VENTURE, JFK MERIDIAN HOME CARE SERVICES, LLC.
MUHLENBERG REGIONAL MEDICAL CENTER RENTS SPACE TO COMMUNITY HOSPITAL GROUP, INC., A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL, TO RUN A SATELLITE EMERGENCY DEPARTMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mari Bonini Trustee - Secretary/treasurer | OfficerTrustee | 3 | $0 |
Peter A Pogany Trustee - Chair (term 12/17) | OfficerTrustee | 3 | $0 |
Richard C Smith SVP & CFO | Officer | 3 | $0 |
Douglas A Nordstrom Trustee | Trustee | 3 | $0 |
Raymond F Fredericks Trustee; Ex-Officio | Trustee | 3 | $0 |
Michael A Kleiman DMD Trustee; Ex-Officio | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cole Schotlz Miesel Forman Leon Professional Service | 12/30/15 | $108,361 |
Cleaning And Consulting Services I Cleaning Services | 12/30/15 | $292,790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $37,660 |
| Government grants | $0 |
| 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 | $37,660 |
| Total Program Service Revenue | $5,811,692 |
| Investment income | $79,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $393,815 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,327,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $222,957 |
| Fees for services: Legal | $197,902 |
| Fees for services: Accounting | $21,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,542 |
| Advertising and promotion | $0 |
| Office expenses | $59,467 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $392,884 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $864,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295 |
| Insurance | $40,789 |
| All other expenses | $30,216 |
| Total functional expenses | $6,877,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,070 |
| Net Land, buildings, and equipment | $14,254,722 |
| Investments—publicly traded securities | $152,178 |
| Investments—other securities | $0 |
| Investments—program-related | $9,883,023 |
| Intangible assets | $0 |
| Other assets | $2,825,179 |
| Total assets | $27,492,355 |
| Accounts payable and accrued expenses | $204,864 |
| Grants payable | $0 |
| Deferred revenue | $21,177 |
| Tax-exempt bond liabilities | $14,477,225 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,053,344 |
| Total liabilities | $22,756,610 |
| Unrestricted restricted net Assets | -$7,422,554 |
| Temporarily restricted net Assets | $4,888,457 |
| Permanently restricted net Assets or current funds | $7,269,842 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $4,735,745 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hackensack Meridian Health Inc has recieved totaling $37,660.
| Awarding Organization | Amount |
|---|---|
Hackensack Meridian Health Inc Neptune, NJ PURPOSE: SUPPORT | $37,660 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Heritage Valley Health System Inc Beaver, PA | $119,093,589 | $30,915,024 |
Pittsburgh Mercy Health System Inc Pittsburgh, PA | $67,521,734 | $13,055,628 |
Glade Run Medical Associates Kittanning, PA | $1,611,141 | $7,978,684 |
Buffalo Niagara Medical Campus Inc Buffalo, NY | $98,865,415 | $10,408,874 |
Highmark Health Pittsburgh, PA | $7,929,072 | $9,317,844 |