Capital Health System Inc
- Assets
- $918.5m
- Revenue
- $733.2m
- Investments
- $0.0
- Employees
- 5,251
- Location
- Trenton, NJ
- Founding
- 12/1997
- Data as of
- 12/2019
- EIN
- 22-3548695
Organization Overview
Capital Health System Inc is located in Trenton, NJ. The organization was established in 1997. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2019, Capital Health System Inc employed 5,251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Capital Health System Inc generated $733.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $721.4m during the year ending 12/2019. While expenses have increased by 3.7% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF THE POPULATIONS WE SERVE IN URBAN AND SUBURBAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY GENERAL MEDICAL/SURGICAL SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2019, THE ORGANIZATION TREATED 87,094 GENERAL MEDICAL/SURGICAL CASES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY MATERNAL/CHILD HEALTH SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2019, THE ORGANIZATION TREATED 39,188 MATERNAL/CHILD HEALTH CASES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY EMERGENCY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2019, THE ORGANIZATION TREATED 97,888 EMERGENCY CASES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Maghazehe PHD F Director - President/ceo | OfficerTrustee | 55 | $1,993,001 |
Lee M Buono MD Physician | 55 | $1,113,438 | |
Shane F Fleming CPA Svp, Chief Financial Officer | Officer | 55 | $1,017,620 |
Michael F Stiefel M Physician (termed 7/13/19) | 55 | $1,004,248 | |
Joshua A Eisenberg M Physician | 55 | $950,267 | |
Jason N Rogart MD Physician | 55 | $841,343 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Team Campus Phase Ii Construction | 12/30/19 | $4,808,116 |
Capital Health Advance Imaging Medical | 12/30/19 | $3,629,118 |
Emergency Medical Associates Of Nj Medical | 12/30/19 | $4,337,160 |
Sodexo Management Inc Management | 12/30/19 | $9,290,015 |
Mercer Gastroenterology Medical | 12/30/19 | $3,360,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $412,166 |
| Government grants | $4,037,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,487,573 |
| Total Program Service Revenue | $719,305,867 |
| Investment income | $3,876,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,614,230 |
| Net Gain/Loss on Asset Sales | $2,831,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $733,246,383 |
| 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. | $8,231,904 |
| Compensation of current officers, directors, key employees. | $1,564,062 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,921,402 |
| Pension plan accruals and contributions | $881,973 |
| Other employee benefits | $26,857,301 |
| Payroll taxes | $23,956,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,423,026 |
| Fees for services: Accounting | $485,432 |
| Fees for services: Lobbying | $237,411 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,055,303 |
| Fees for services: Other | $77,207,802 |
| Advertising and promotion | $4,455,803 |
| Office expenses | $13,285,084 |
| Information technology | $6,750,475 |
| Royalties | $0 |
| Occupancy | $13,102,796 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $763,683 |
| Interest | $49,350,350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,082,883 |
| Insurance | $10,409,246 |
| All other expenses | $0 |
| Total functional expenses | $721,412,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,196,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,808,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,184,074 |
| Prepaid expenses and deferred charges | $15,016,297 |
| Net Land, buildings, and equipment | $521,589,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $218,483,750 |
| Intangible assets | $0 |
| Other assets | $34,241,548 |
| Total assets | $918,521,088 |
| Accounts payable and accrued expenses | $111,020,188 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $650,686,718 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,029,393 |
| Total liabilities | $811,736,299 |
| Net assets without donor restrictions | $106,784,789 |
| 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 | $918,521,088 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Capital Health System Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Central Jersey Family Health Consortium Inc North Brunswick, NJ PURPOSE: SIDS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Physician Affiliate Group Of New York Pc New York, NY | $43,916,366 | $787,911,025 |
Capital Health System Inc Trenton, NJ | $918,521,088 | $733,246,383 |
South Shore University Hospital Westbury, NY | $465,657,019 | $728,270,879 |
St Barnabas Hospital Bronx, NY | $390,221,434 | $434,526,701 |
Richmond Medical Center Staten Island, NY | $296,789,651 | $359,868,185 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $444,293,804 | $324,505,436 |
Holy Spirit Hospital Of The Sisters Of Christian Charity Hershey, PA | $95,423,962 | $326,188,059 |
Barnabas Health Medical Group P C West Orange, NJ | $73,493,992 | $290,297,174 |
St Joseph Regional Health Network Reading, PA | $158,961,290 | $261,470,847 |
St Catherine Of Siena Medical Center Smithtown, NY | $195,571,732 | $280,926,875 |
St Lukes Hospital Anderson Campus Allentown, PA | $270,307,000 | $275,957,052 |
Virtua Medical Group Pa Marlton, NJ | $127,593,422 | $196,558,751 |