Hackensack Meridian Health Inc
79% goes to programs $0 to raise $100 Strong reserves Growing revenue
Hackensack Meridian Health Inc is a 501(c)(3) organization based in Edison, New Jersey, registered in 1996, with $1,677,250,220 in FY2017 revenue. CharityIndex grades it A, and it directs about 79% of spending to programs.
399 Thornall St Ste 2, Edison, NJ, 08837 EIN 22-1487576 Since 1996
Revenue (FY2017)
$1.7B
▲ 17.5% vs prior year
Health median: $840K
Expenses (FY2017)
$1.5B
Net assets
$800.9M
Employees
8,283
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 rating79% 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 Hackensack Meridian Health Inc: 79% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +9% 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 Hackensack Meridian Health Inc: 6 mo reserves · +9% 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 Hackensack Meridian Health 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 Hackensack Meridian Health Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The organization is committed to providing the full spectrum of life-enhancing care and services to create and sustain healthy, vibrant communities.
What they do
Providing medically necessary operating room services, including inpatient and outpatient cardiac, plastic surgery, trauma, pediatric and ambulatory surgery, to all individuals regardless of race, color, creed, sex, national origin or ability to pay. during 2017, the hospital had 91,439 operating room cases resulting in 31,720 patient days.
Providing medically necessary acute care services, including inpatient and outpatient cardiac, plastic surgery, trauma and pediatric and ambulatory surgery to all individuals regardless of race, color, creed, sex, national origin or ability pay. during 2017, the hospital had 62,628 acute care cases resulting in 235,413 patient days.
Contact & location
- Address
- 399 Thornall St Ste 2, Edison, NJ, 08837
- City
- Edison
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.2B (FY2013) to $1.7B (FY2017) across 5 reported years.
Financial snapshot
Financial health & position (FY2017)
Liabilities $1.3BNet assets $800.9M
Operating margin
9.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1B
Total liabilities
$1.3B
Net assets
$800.9M
Salaries & benefits
$702.3M
46% of expenses
Board members
26
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2017 | $1,677,250,220▲17.5% | $1,526,177,851▲14.8% | $800,861,354▲11.5% | $2,122,815,167▲10.4% | 990 |
| 2016 | $1,427,488,980▲4.5% | $1,329,105,599▲6.7% | $718,313,146▲11.4% | $1,922,276,727▲7.0% | 990 |
| 2015 | $1,366,217,804▲4.4% | $1,245,589,405▲3.6% | $645,089,612▼8.7% | $1,797,132,792▲3.6% | 990 |
| 2014 | $1,309,117,133▲8.1% | $1,202,474,405▲4.8% | $706,548,534▼2.6% | $1,734,990,497▲1.0% | 990 |
| 2013 | $1,210,959,972 | $1,147,869,062▲1.7% | $725,093,333▲56.8% | $1,717,491,370▲18.3% | 990 |
| 2012 | — | $1,128,594,259▼1.4% | $462,540,093▼9.2% | $1,451,813,137▲2.5% | 990 |
| 2011 | — | $1,144,796,606▲3.1% | $509,531,637▲10.4% | $1,416,651,577▲7.2% | 990 |
| 2010 | — | $1,110,708,789 | $461,591,590 | $1,321,380,541 | 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 (FY2017)
Highest-paid: Robert C Garrett — $3,847,854 (0.25% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert C Garrett | Governor - Co-ceo | 24 | $3,847,854 |
| Ihor S Sawczuk Md | President, Humc - Governor | 46 | $2,185,067 |
| Robert L Glenning | Pres, Financial Svcs Div, Cfo | 49 | $2,029,801 |
| John Lo Curto Md | Chief, Trauma/critical Care | 55 | $1,997,765 |
| Andrew L Pecora Md | Pres, Phys. Svcs Div, Cio | 49 | $1,691,530 |
| Joseph E Parrillo Md | Chairman Hvh | 55 | $1,479,804 |
| James Blazar | Evp, Chief Strategy Officer | 49 | $1,209,822 |
| Audrey C Murphy Rn Esq | Evp, General Councel, Hospital | 49 | $1,126,364 |
| Nancy Corcoran-davidoff | Evp, Chief Experience Officer | 49 | $1,060,793 |
| Catherine Ainora | Evp, Chief Integration Officer | 49 | $1,033,936 |
| Mark D Sparta | Evp, Clinical Operations | 55 | $1,000,668 |
| Diane A Aroh | Evp, Chief Clin & Pat Care Off | 55 | $967,027 |
| Jeffrey R Boscamp Md | Vp/cao & Chair, Pediatrics | 55 | $952,951 |
| Thomas Salazar Md | Governor; Ex-officio | 52 | $122,285 |
| Sarita Rastogi Md | Governor; Ex-officio | 3 | $45,000 |
| Pranaychandra Vaidya Md | Governor | 3 | $9,231 |
| Andria Schneiderman | Governor | 3 | — |
| Ann B Gavzy Esq | Evp, General Councel, Network | 3 | — |
| Edward P Salzano | Treasurer - Governor | 3 | — |
| Edward V Piccinich | 2nd Vice Chair - Governor | 3 | — |
Top vendors & contractors (FY2017)
| Contractor | Services | Paid |
|---|---|---|
| Rutgers the State University of Nj | Medical Residents | $15,353,361 |
| Epic Systems Corporation | It | $10,587,468 |
| Regional Cancer Care Associates | Medical | $9,730,165 |
| Conifer Health Solutions | Billing/collections | $8,771,917 |
| Forest Healthcare Associates | Medical | $7,456,299 |
Grants received · $15.4M total
116 grants to Hackensack Meridian Health Inc totaling $15.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The New York Community Trust | For program support. | 2024 | $353,000 |
| Cystic Fibrosis Foundation | Therapeutics discovery research | 2024 | $200,000 |
| Cystic Fibrosis Foundation | Research | 2024 | $124,999 |
| Public Health Institute | Research | 2024 | $74,841 |
| Mayo Clinic | Support charitable programs | 2024 | $49,250 |
| American Medical Association | Innovation groundwork teams grant to improve medical education | 2024 | $30,000 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy25 center of excellence/research | 2024 | $15,000 |
| The New York Community Trust | For program support. | 2024 | $14,700 |
| Institute For Healthcare Improvement | Health care | 2024 | $11,250 |
| American Heart Association Inc | Hemorrhagic stroke initiative | 2024 | $10,000 |
| American Heart Association Inc | Lp(a) discovery project | 2024 | $10,000 |
| Cornell University | Research | 2023 | $1,385,413 |
| Georgetown University | Subaward | 2023 | $263,239 |
| Breast Cancer Research Foundation Inc | Medical research | 2023 | $225,000 |
| University of Pittsburgh | Research- subcontract | 2023 | $209,897 |
Grants made · $103.8M in FY2017
45 grants totaling $103.8M in FY2017 — showing the 15 largest. All grants made by Hackensack Meridian Health Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Hackensack Meridian Health Medical Group-specialty Care PC | Mission support | $75,300,668 |
| Humc Cardiovascular Partners PC | Mission support | $22,288,343 |
| Humc Primary Care Associates PC | Mission support | $2,462,469 |
| Humc Medical Observation PA | Mission support | $1,225,073 |
| New Amsterdam Medical Associate PC | Mission support | $1,034,245 |
| Hackensack Occupational Medicine Associates PC | Mission support | $486,527 |
| Hackensack Specialty Care Associates PC | Mission support | $325,308 |
| New Jersey Symphony Orchestra | Sponsorship | $77,500 |
| Propelify LLC | Sponsorship | $58,000 |
| County of Bergen | Sponsorship | $50,000 |
| Newark Boys Chorus School | Sponsorship | $45,000 |
| Make A Wish Foundation of New Jersey | Sponsorship | $30,000 |
| Tri-county Scholarship Fund | Sponsorship | $25,000 |
| Giants Foundation Inc New York Football Giants | Sponsorship | $25,000 |
| Professional Sports Publications | Sponsorship | $24,500 |
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Frequently asked questions
- Is Hackensack Meridian Health Inc a legitimate nonprofit?
- Yes. Hackensack Meridian Health Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-1487576, based in Edison, New Jersey. Donations are tax-deductible.
- What is Hackensack Meridian Health Inc's EIN?
- Hackensack Meridian Health Inc's Employer Identification Number (EIN) is 22-1487576.
- How much revenue does Hackensack Meridian Health Inc report?
- Hackensack Meridian Health Inc reported $1,677,250,220 in total revenue on its fiscal year 2017 IRS Form 990 filing.
- How much of Hackensack Meridian Health Inc's spending goes to programs?
- Hackensack Meridian Health Inc spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hackensack Meridian Health Inc have?
- CharityIndex grades Hackensack Meridian Health Inc A, based on program efficiency and fundraising cost.
- How much does Hackensack Meridian Health Inc's highest-paid employee make?
- The highest reported compensation on Hackensack Meridian Health Inc's latest Form 990 is $3,847,854, paid to Robert C Garrett (Governor - Co-ceo).
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Explore more
Data for Hackensack Meridian Health Inc (EIN 22-1487576) 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.