Hackensack Meridian Health Inc

Organization Overview

Hackensack Meridian Health Inc is located in Edison, NJ. The organization was established in 1996. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Hackensack Meridian Health Inc employed 8,283 individuals. 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 $1.7b in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.5b during the year ending 12/2017. While expenses have increased by 7.0% 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

THE ORGANIZATION IS COMMITTED TO PROVIDING THE FULL SPECTRUM OF LIFE-ENHANCING CARE AND SERVICES TO CREATE AND SUSTAIN HEALTHY, VIBRANT COMMUNITIES.

Describe the Organization's Program Activity:

PROVIDING MEDICALLY NECESSARY PHARMACEUTICAL SERVICES AND PHARMACEUTICALS, INCLUDING CHEMOTHERAPY DRUGS, TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2017, THE HOSPITAL HAD 229,772 PHARMACEUTICAL CASES RESULTING IN 421,115 PATIENT DAYS.


PROVIDING MEDICALLY NECESSARY OPERATING ROOM SERVICES, INCLUDING INPATIENT AND OUTPATIENT CARDIAC, PLASTIC SURGERY, TRAUMA, PEDIATRIC AND AMBULATORY SURGERY, TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2017, THE HOSPITAL HAD 91,439 OPERATING ROOM CASES RESULTING IN 31,720 PATIENT DAYS.


PROVIDING MEDICALLY NECESSARY ACUTE CARE SERVICES, INCLUDING INPATIENT AND OUTPATIENT CARDIAC, PLASTIC SURGERY, TRAUMA AND PEDIATRIC AND AMBULATORY SURGERY TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY PAY. DURING 2017, THE HOSPITAL HAD 62,628 ACUTE CARE CASES RESULTING IN 235,413 PATIENT DAYS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rutgers The State University Of Nj
Medical Residents
$15,353,361
Regional Cancer Care Associates
Medical
$9,730,165
Epic Systems Corporation
It
$10,587,468
Forest Healthcare Associates
Medical
$7,456,299
Conifer Health Solutions
Billing/collections
$8,771,917
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$9,775,822
Government grants $5,313,016
All other contributions, gifts, grants, and similar amounts not included above$2,878,713
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$17,967,551
Total Program Service Revenue$1,620,304,698
Investment income $19,800,370
Tax Exempt Bond Proceeds $84,034
Royalties $0
Net Rental Income $300,581
Net Gain/Loss on Asset Sales $3,353,590
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,677,250,220

Grants Awarded

Over the last fiscal year, Hackensack Meridian Health Inc has awarded $103,816,633 in support to 45 organizations.

Grant RecipientAmount

HACKENSACK UNIVERSITY MEDICAL GROUP PC

Org PageRecipient Profile

Edison, NJ

PURPOSE: MISSION SUPPORT

$75,300,668

HUMC CARDIOVASCULAR PARTNERS PC

Org PageRecipient Profile

Edison, NJ

PURPOSE: MISSION SUPPORT

$22,288,343

HUMC PRIMARY CARE ASSOCIATES PC

PURPOSE: MISSION SUPPORT

$2,462,469

HUMC MEDICAL OBSERVATION PA

Org PageRecipient Profile

Edison, NJ

PURPOSE: MISSION SUPPORT

$1,225,073

NEW AMSTERDAM MEDICAL ASSOCIATE PC

PURPOSE: MISSION SUPPORT

$1,034,245

HACKENSACK OCCUPATIONAL MEDICINE ASSOCIATES PC

PURPOSE: MISSION SUPPORT

$486,527
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Hackensack Meridian Health Inc has recieved totaling $823,685.

Awarding OrganizationAmount
Breast Cancer Research Foundation Inc

New York, NY

PURPOSE: MEDICAL RESEARCH

$225,000
Cystic Fibrosis Foundation

Bethesda, MD

PURPOSE: RESEARCH

$140,000
Public Health Institute

Oakland, CA

PURPOSE: Research

$91,150
American Federation For Aging

New York, NY

PURPOSE: SCIENTIFIC RESEARCH

$60,000
American Heart Association Inc

Dallas, TX

PURPOSE: HEART FAILURE INITIATIVE

$56,849
$53,034
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$56,747,944
Earnings$19,457,908
Net Contributions$11,855,475
Other Expense$11,949,340
Ending Balance$76,111,987

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