Barnabas Health Medical Group P C
- Assets
- $150.2m
- Revenue
- $412.4m
- Investments
- $0.0
- Employees
- 3,093
- Location
- Oceanport, NJ
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 22-3316007
Organization Overview
Barnabas Health Medical Group P C, operating under the name Rwjbh Primary Care Services, is located in Oceanport, NJ. The organization was established in 2007. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Rwjbh Primary Care Services employed 3,093 individuals. This organization is the central organization for a national or regional group of organizations. Rwjbh Primary Care Services 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 12/2021, Rwjbh Primary Care Services generated $412.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $412.6m during the year ending 12/2021. While expenses have increased by 14.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE GOALS AND OBJECTIVES OF RWJ BARNABAS HEALTH, INC. AND ITS AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN THE PROVISION OF PROFESSIONAL MEDICAL PHYSICIAN SERVICES WITHOUT REGARD TO ABILITY TO PAY AND IN A CHARITABLE MANNER TO SUPPORT THE GOALS AND OBJECTIVES OF RWJ BARNABAS HEALTH, INC. AND ITS AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM. BARNABAS HEALTH MEDICAL GROUP, P.C.'S ACTIVITIES AND CHARITABLE PURPOSES INCLUDE, WITHOUT LIMITATION, ACTIVITIES IN FURTHERANCE OF ITS AFFILIATED TAX-EXEMPT HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arash Salemi MD Physician | 55 | $2,744,931 | |
Frank A Liporace MD Physician | 55 | $2,302,931 | |
Frederic Sardari MD Physician | 55 | $1,470,969 | |
Richard Seung Hyun Yoon MD Physician | 55 | $1,312,892 | |
Michael J Jaronczyk MD Physician | 55 | $969,783 | |
Amato R Amarain Chief Financial Officer | Officer | 55 | $675,739 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Consulting | 12/30/21 | $12,482,423 |
Consultants In Cardiology Pa Medical | 12/30/21 | $4,580,463 |
Affiliates In Gastroenterology Pa Medical | 12/30/21 | $16,982,653 |
Diagnostic And Clinical Cardiology Medical | 12/30/21 | $20,967,778 |
Cardiology Consultants Of Toms Rive Medical | 12/30/21 | $4,139,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,203,638 |
| 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 | $1,203,638 |
| Total Program Service Revenue | $410,714,224 |
| Investment income | $1,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $430,624 |
| Net Gain/Loss on Asset Sales | $4,979 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,355,034 |
| 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. | $4,790,848 |
| Compensation of current officers, directors, key employees. | $479,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,566,392 |
| Pension plan accruals and contributions | $6,239,554 |
| Other employee benefits | $19,348,901 |
| Payroll taxes | $18,724,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,342,996 |
| Advertising and promotion | $192,967 |
| Office expenses | $5,658,764 |
| Information technology | $1,224,936 |
| Royalties | $0 |
| Occupancy | $17,295,543 |
| Travel | $390,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,263 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,112,864 |
| Insurance | $5,927,558 |
| All other expenses | $2,749,916 |
| Total functional expenses | $412,614,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,702,420 |
| 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 | $9,809,764 |
| Net Land, buildings, and equipment | $29,971,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,310,764 |
| Intangible assets | $0 |
| Other assets | $75,349,153 |
| Total assets | $150,195,711 |
| Accounts payable and accrued expenses | $39,747,382 |
| Grants payable | $0 |
| Deferred revenue | $681,606 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $45,087,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,243,207 |
| Total liabilities | $138,759,267 |
| Net assets without donor restrictions | $11,436,444 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $150,195,711 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Barnabas Health Medical Group P C has recieved totaling $16,455.
| Awarding Organization | Amount |
|---|---|
Johns Hopkins University Baltimore, MD PURPOSE: SUB-AWARD | $5,485 |
Johns Hopkins University Baltimore, MD PURPOSE: SUB-AWARD | $5,485 |
Johns Hopkins University Baltimore, MD PURPOSE: SUB-AWARD | $5,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Health System Inc Trenton, NJ | $1,004,952,628 | $942,087,433 |
Physician Affiliate Group Of New York Pc New York, NY | $38,559,626 | $838,367,537 |
South Shore University Hospital Westbury, NY | $537,264,084 | $780,287,744 |
St Barnabas Hospital Bronx, NY | $509,709,936 | $489,229,934 |
Barnabas Health Medical Group P C Oceanport, NJ | $150,195,711 | $412,355,034 |
Richmond Medical Center Staten Island, NY | $435,447,032 | $376,664,767 |
Virtua Medical Group Pa Marlton, NJ | $139,534,325 | $238,443,738 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $505,269,561 | $345,999,545 |
St Lukes Hospital Anderson Campus Allentown, PA | $273,325,539 | $361,430,735 |
St Joseph Regional Health Network Reading, PA | $174,700,776 | $307,422,246 |
Penn State Health Holy Spirit Medical Center Hershey, PA | $95,423,962 | $326,188,059 |
St Catherine Of Siena Medical Center Smithtown, NY | $208,978,948 | $269,380,631 |