Atlantic Health System Inc
501(c)(3) Donations tax-deductible
84% goes to programs $3 to raise $100 Strong reserves Growing revenue
Atlantic Health System Inc is a 501(c)(3) organization based in Morristown, New Jersey, registered in 2006, with $4,763,861,023 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
475 South Street Acctg 920, Morristown, NJ, 07960 EIN 65-1301877 Since 2006
Revenue (FY2024)
$4.8B
▲ 12.4% vs prior year
Expenses (FY2024)
$4.5B
Net assets
$3.6B
Employees
26,276
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Atlantic Health System Inc: 84% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Atlantic Health System Inc: 10 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Atlantic Health System Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Atlantic Health System Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Refer to schedule o designing and delivering high quality, innovative and personalized health care, to build healthier communities and improve lives for patients, consumers, and caregivers.
Contact & location
- Address
- 475 South Street Acctg 920, Morristown, NJ, 07960
- City
- Morristown
- State
- New Jersey
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.7B (FY2013) to $4.8B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.7BNet assets $3.6B
Operating margin
6.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.3B
Total liabilities
$2.7B
Net assets
$3.6B
Salaries & benefits
$2.5B
56% of expenses
Board members
39
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,763,861,023▲12.4% | $4,459,713,866▲11.1% | $3,644,398,415▲7.2% | $6,325,798,605▲4.3% | 990 |
| 2023 | $4,238,572,954▲9.5% | $4,014,851,524▲9.1% | $3,400,382,104▲20.3% | $6,064,671,986▲8.2% | 990 |
| 2022 | $3,872,357,033▲3.3% | $3,678,533,824▲10.7% | $2,826,003,532▼12.0% | $5,605,741,294▼7.4% | 990 |
| 2021 | $3,748,525,032▲15.2% | $3,321,740,050▲8.9% | $3,210,688,996▲23.5% | $6,054,115,074▲20.7% | 990 |
| 2020 | $3,254,347,552▲1.9% | $3,049,595,629▲3.0% | $2,598,846,442▲14.0% | $5,017,677,177▲20.7% | 990 |
| 2019 | $3,192,117,132▲9.7% | $2,959,697,935▲6.4% | $2,280,244,503▲25.1% | $4,156,051,315▲21.1% | 990 |
| 2018 | $2,911,013,164▲10.4% | $2,780,694,736▲11.9% | $1,823,016,704▲1.7% | $3,432,959,938▲1.1% | 990 |
| 2017 | $2,636,178,483▲2.3% | $2,484,003,403▲0.2% | $1,792,535,865▲21.8% | $3,394,267,440▲18.8% | 990 |
| 2016 | $2,577,123,705▲10.0% | $2,478,518,661▲11.0% | $1,472,135,102▲10.3% | $2,857,018,047▲9.3% | 990 |
| 2015 | $2,343,232,119▲8.7% | $2,232,588,134▲12.7% | $1,334,469,455▲5.3% | $2,614,269,128▲7.2% | 990 |
| 2014 | $2,155,546,418▲28.1% | $1,980,206,668▲22.6% | $1,266,851,439▲6.7% | $2,439,331,449▲14.8% | 990 |
| 2013 | $1,682,533,377 | $1,614,955,273▲7.1% | $1,187,497,370▲32.2% | $2,125,198,384▲7.9% | 990 |
| 2012 | — | $1,507,482,018▲5.2% | $898,493,380▲17.8% | $1,969,927,205▲5.8% | 990 |
| 2011 | — | $1,433,105,284▲16.7% | $762,680,921▲11.0% | $1,861,587,747▲29.5% | 990 |
| 2010 | — | $1,227,696,159 | $687,043,412 | $1,437,169,614 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Brian Gragnolati — $9,720,812 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian Gragnolati | President & Ceo | 55 | $9,720,812 |
| James Wittig Md | Physician-chair | 55 | $4,233,750 |
| Kevin Lenahan | Evp,chief Bus-strat Officer | 55 | $2,924,716 |
| Patricia O'keefe | Svp,pres Mmc | 55 | $2,289,794 |
| Scott Leighty | Evp,chief Health Sy Officer | 55 | $2,046,993 |
| Steven Sheris Md | Evp,chief Phy Exec | 55 | $1,964,734 |
| Mark Widmann | Physician | 55 | $1,929,848 |
| Sunil Dadlani | Evp,chief-inf/dig/tr Offficer | 55 | $1,889,710 |
| Lee Starker Md | Pamg-trustee | 55 | $1,866,281 |
| Sheilah O'halloran | Evp,general Counsel | 55 | $1,859,057 |
| Nichell Sumpter | Evp,chief Admin Officer | 55 | $1,715,813 |
| Suja Mathew | Evp,chief Clinical Officer | 55 | $1,708,791 |
| Michael Walter | Svp,chief Fin Officer | 55 | $1,615,288 |
| Sean Calhoun | Physician | 55 | $1,596,435 |
| Jeffrey Leary | Physician | 55 | $1,594,994 |
| Philippe Genereux Md | Physician | 55 | $1,590,331 |
| Tom Thomas | Physician | 55 | $1,576,718 |
| Stephanie Schwartz | Svp,pres Omc | 55 | $1,470,630 |
| Robert Adams Jr | Svp,pres West Region | 55 | $1,266,625 |
| Eric Whitman Md | Physician | 55 | $1,090,380 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Torcon Inc | Construction Management Services | $50,767,948 |
| Rightsourcing LLC | Contract Employment | $47,352,889 |
| Gifted Nurses LLC | Contract Employment | $25,240,591 |
| Holt Construction | Construction Management Services | $21,765,977 |
| Zotec Partners LLC | Patient Billing | $21,024,780 |
Grants received · $50K total
5 grants to Atlantic Health System Inc totaling $50K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Cancer Society Inc | Patient support | 2022 | $10,000 |
| American Cancer Society Inc | Patient support | 2021 | $10,000 |
| American Cancer Society Inc | Patient support | 2021 | $10,000 |
| American Cancer Society Inc | Patient support | 2021 | $10,000 |
| American Cancer Society Inc | Patient support | 2021 | $10,000 |
Grants made · $1.1M in FY2024
47 grants totaling $1.1M in FY2024 — showing the 15 largest. All grants made by Atlantic Health System Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Partnership For Maternal and Child Health of Northern Nj Inc | General support | $213,461 |
| The Center For Prevention and Counseling Inc | General support | $70,408 |
| Newton Medical Center Foundation | General support | $57,410 |
| Morris Educational Foundation Incorporated | General support | $50,000 |
| Sustainable Jersey Inc | General support | $50,000 |
| Morristown Partners Inc | General support | $47,500 |
| Catholic Family & Community Services | General support | $35,000 |
| Grace Giving and Receiving Assistance For Our Communitys Esse | General suppport | $30,000 |
| Freedom House Inc | General support | $30,000 |
| Weekend Bag Program Inc | General support | $30,000 |
| Boys and Girls Club of Union Inc | General support | $30,000 |
| Boomer Esiason Foundation | General support | $30,000 |
| Contact We Care Inc | General support | $27,500 |
| National Football Foundation and College Hall of Fame Inc | General support | $25,000 |
| Township of Wayne | General support | $22,800 |
Frequently asked questions
- Is Atlantic Health System Inc a legitimate nonprofit?
- Yes. Atlantic Health System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 65-1301877, based in Morristown, New Jersey. Donations are tax-deductible.
- What is Atlantic Health System Inc's EIN?
- Atlantic Health System Inc's Employer Identification Number (EIN) is 65-1301877.
- How much revenue does Atlantic Health System Inc report?
- Atlantic Health System Inc reported $4,763,861,023 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Atlantic Health System Inc's spending goes to programs?
- Atlantic Health System Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Atlantic Health System Inc have?
- CharityIndex grades Atlantic Health System Inc A, based on program efficiency and fundraising cost.
- How much does Atlantic Health System Inc's highest-paid employee make?
- The highest reported compensation on Atlantic Health System Inc's latest Form 990 is $9,720,812, paid to Brian Gragnolati (President & Ceo).
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Data for Atlantic Health System Inc (EIN 65-1301877) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.