Centrastate Medical Center Inc
90% goes to programs $0 to raise $100 Strong reserves Growing revenue
Centrastate Medical Center Inc is a 501(c)(3) organization based in Freehold, New Jersey, registered in 1964, with $401,364,258 in FY2024 revenue. CharityIndex grades it A+, and it directs about 90% of spending to programs.
901 W Main St, Freehold, NJ, 07728 EIN 22-1750190 Since 1964
Revenue (FY2024)
$401.4M
▲ 4.4% vs prior year
Health median: $840K
Expenses (FY2024)
$405.0M
Net assets
$282.9M
Employees
2,521
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating90% to programs · $0 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 Centrastate Medical Center Inc: 90% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · -1% 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 Centrastate Medical Center Inc: 8 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Centrastate Medical Center Inc: 6 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 Centrastate Medical Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Centrastate medical center's mission is to enhance the health and well-being of our communities through the compassionate delivery of quality healthcare.
Contact & location
- Address
- 901 W Main St, Freehold, NJ, 07728
- City
- Freehold
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $243.7M (FY2013) to $401.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $204.6MNet assets $282.9M
Operating margin
-0.9%
Spent more than it raised in the latest fiscal year.
Total assets
$487.4M
Total liabilities
$204.6M
Net assets
$282.9M
Salaries & benefits
$190.7M
47% of expenses
Board members
18
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $401,364,258▲4.4% | $404,959,341▲4.6% | $282,853,800▲11.8% | $487,440,869▲10.2% | 990 |
| 2023 | $384,276,165▲8.6% | $387,147,617▲2.0% | $252,969,762▲8.8% | $442,523,512▲10.6% | 990 |
| 2022 | $353,792,707▲1.4% | $379,581,592▲10.5% | $232,597,075▼1.3% | $400,044,996▼4.3% | 990 |
| 2021 | $348,797,120▲14.1% | $343,504,470▲14.7% | $235,662,113▲2.4% | $417,960,014▼2.5% | 990 |
| 2020 | $305,604,147▼2.7% | $299,562,840▲1.5% | $230,111,908▲4.8% | $428,867,890▲16.1% | 990 |
| 2019 | $314,232,821▲4.4% | $295,017,811▲4.1% | $219,621,030▲13.7% | $369,390,040▲9.1% | 990 |
| 2018 | $300,985,800▲7.3% | $283,487,460▲1.0% | $193,138,130▲1.2% | $338,585,097▼1.3% | 990 |
| 2017 | $280,545,175▲0.7% | $280,622,243▲3.0% | $190,904,774▲4.4% | $342,916,647▼0.5% | 990 |
| 2016 | $278,594,071▲3.2% | $272,397,417▲4.3% | $182,807,913▲7.1% | $344,746,823▲1.4% | 990 |
| 2015 | $269,949,719▲7.1% | $261,238,109▲5.1% | $170,611,740▼16.6% | $340,041,559▼9.4% | 990 |
| 2014 | $252,095,787▲3.5% | $248,663,076▲3.3% | $204,629,624▲2.2% | $375,394,335▲1.1% | 990 |
| 2013 | $243,674,259 | $240,823,465▲3.4% | $200,165,274▲4.4% | $371,197,109▲0.8% | 990 |
| 2012 | — | $232,933,971▲5.5% | $191,715,364▲8.6% | $368,096,530▲4.3% | 990 |
| 2011 | — | $220,814,444▲4.4% | $176,507,377▲10.1% | $353,010,929▲4.1% | 990 |
| 2010 | — | $211,422,815 | $160,291,474 | $339,065,887 | 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: Thomas W Scott Fache Fabc — $1,317,453 (0.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas W Scott Fache Fabc | Trustee-president/ceo | 55 | $1,317,453 |
| James J Matera Md | Svp/medical Director | 55 | $647,840 |
| John A Dellocono | Svp/cfo (term 7/24) | 55 | $502,040 |
| Cathleen G Janzekovich | Vp, Patient Services | 50 | $406,581 |
| Karen B Freeman Msa | Vp Quality & Patient Safety | 50 | $404,966 |
| Moustafa H Shafey Md | Medical Dir. - Mental Hlth | 50 | $387,312 |
| John Brandeisky Dpm | Vp Med Dir Quality Informatics | 50 | $368,804 |
| Deborah Rommel-connors Mba | Vp Revenue Cycle | 50 | $359,016 |
| Howard A Stein Md | Physician | 50 | $348,042 |
| Nancy Barone | Cshcf Vp of Development | 50 | $330,265 |
| Danielle Vanwert | Vp Clinical Services | 50 | $321,402 |
| Laura L Schilare Mba CPA | Vp Finance | 50 | $297,003 |
| Kimberly H Simers | Avp Integrative Health | 50 | $283,925 |
| Vincent L D'elia | Vp Mk Pub/gov Rel.(term 7/24) | 50 | $232,534 |
| David A De Simone Esq | Former Key Employee | 0 | $130,000 |
| Ashish Awasthi Md Facc | Trustee | 25 | $72,417 |
| Amit S Kharod Md | Trustee | 50 | $37,000 |
| Ramanasri Kudipudi Md | Trustee | 5 | $15,000 |
| Barbara J Mcmorrow | Secretary/treasurer - Trustee | 1 | — |
| Brett Taft | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Health Carousel LLC | Staffing | $11,483,432 |
| The Barham Group LLC | Construction | $2,890,737 |
| Crest Construction Group LLC | Construction | $927,765 |
| Bkt Architects | Architecture | $890,549 |
| Management Health Systems Inc | Staffing | $833,670 |
Grants received · $23K total
3 grants to Centrastate Medical Center Inc totaling $23K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Parkinsons Foundation Inc | Community engagement & advocacy | 2018 | $5,230 |
| Patient Access Network Foundation | Patient assistance | 2015 | $11,861 |
| Patient Access Network Foundation | Patient assistance | 2014 | $6,230 |
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Frequently asked questions
- Is Centrastate Medical Center Inc a legitimate nonprofit?
- Yes. Centrastate Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-1750190, based in Freehold, New Jersey. Donations are tax-deductible.
- What is Centrastate Medical Center Inc's EIN?
- Centrastate Medical Center Inc's Employer Identification Number (EIN) is 22-1750190.
- How much revenue does Centrastate Medical Center Inc report?
- Centrastate Medical Center Inc reported $401,364,258 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Centrastate Medical Center Inc's spending goes to programs?
- Centrastate Medical Center Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Centrastate Medical Center Inc have?
- CharityIndex grades Centrastate Medical Center Inc A+, based on program efficiency and fundraising cost.
- How much does Centrastate Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Centrastate Medical Center Inc's latest Form 990 is $1,317,453, paid to Thomas W Scott Fache Fabc (Trustee-president/ceo).
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Data for Centrastate Medical Center Inc (EIN 22-1750190) 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.