Capital Health System Inc
- Assets
- $1.0b
- Revenue
- $942.1m
- Investments
- $0.0
- Employees
- 6,264
- Location
- Trenton, NJ
- Founding
- 12/1997
- Data as of
- 12/2021
- 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 12/2021, Capital Health System Inc employed 6,264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Health System 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 12/2021, Capital Health System Inc generated $942.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $914.2m during the year ending 12/2021. While expenses have increased by 6.2% 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 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 INPATIENT, OUTPATIENT, EMERGENCY AND VARIOUS OTHER MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY AND IN FURTHERANCE OF CHARITABLE TAX-EXEMPT PURPOSES. PLEASE REFER TO THE COMMUNITY BENEFIT STATEMENT IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Maghazehe PHD Fache Director - President/ceo | OfficerTrustee | 55 | $3,333,981 |
Gregory N D'adamo Vp, Clinical Svcs. & Amb. Diag | 55 | $2,114,829 | |
Nathan Bosk Fache Vp, Supply Chain/facility Svcs | Officer | 55 | $1,645,252 |
Alexander D Gladney ESQ Svp, Clo (termed 4/27/21) | Officer | 55 | $1,485,999 |
Lee M Buono MD Physician | 55 | $1,209,920 | |
Shane F Fleming CPA Svp, Chief Financial Officer | Officer | 55 | $1,203,832 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Health Advance Imaging Medical | 12/30/21 | $3,621,100 |
Universal Protection Service Security | 12/30/21 | $5,492,996 |
Emergeny Med Assoc Chs Llc Medical | 12/30/21 | $4,711,634 |
Sodexo Management Inc Management | 12/30/21 | $9,743,872 |
Mercer Bucks Cardiology Medical | 12/30/21 | $9,588,784 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,147,326 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,015,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,162,326 |
| Total Program Service Revenue | $911,778,194 |
| Investment income | $1,666,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,583,386 |
| Net Gain/Loss on Asset Sales | $5,947,983 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $942,087,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,042,334 |
| 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. | $14,955,310 |
| Compensation of current officers, directors, key employees. | $2,841,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $414,602,456 |
| Pension plan accruals and contributions | $544,142 |
| Other employee benefits | $34,614,428 |
| Payroll taxes | $28,760,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,243,065 |
| Fees for services: Accounting | $579,867 |
| Fees for services: Lobbying | $138,291 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,099,484 |
| Fees for services: Other | $101,196,448 |
| Advertising and promotion | $6,566,459 |
| Office expenses | $16,950,968 |
| Information technology | $9,633,857 |
| Royalties | $0 |
| Occupancy | $22,450,992 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $302,404 |
| Interest | $36,502,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,773,414 |
| Insurance | $14,153,008 |
| All other expenses | $9,424,257 |
| Total functional expenses | $914,225,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,274,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,393,774 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,947,148 |
| Prepaid expenses and deferred charges | $44,488,169 |
| Net Land, buildings, and equipment | $500,853,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $239,465,517 |
| Intangible assets | $0 |
| Other assets | $61,530,303 |
| Total assets | $1,004,952,628 |
| Accounts payable and accrued expenses | $160,595,011 |
| 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 | $604,055,036 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $114,143,064 |
| Total liabilities | $878,793,111 |
| Net assets without donor restrictions | $126,159,517 |
| 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 | $1,004,952,628 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Capital Health System Inc has recieved totaling $91,000.
| Awarding Organization | Amount |
|---|---|
American College Of Cardiology Foundation Washington, DC | | $66,000 |
Central Jersey Family Health Consortium Inc North Brunswick, NJ PURPOSE: SIDS | $25,000 |
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 |