Hackensack Meridian Health Inc
80% goes to programs $0 to raise $100
Hackensack Meridian Health Inc is a 501(c)(3) organization based in Edison, New Jersey, registered in 1996, with $79,547,655 in FY2018 revenue. CharityIndex grades it C+, and it directs about 80% of spending to programs.
399 Thornall St Ste 2, Edison, NJ, 08837 EIN 22-1714106 Since 1996
Revenue (FY2018)
$79.5M
▼ 0.1% vs prior year
Health median: $840K
Expenses (FY2018)
$82.0M
Net assets
$36.9M
Employees
1,251
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →DProgram efficiency40% of the rating80% 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: 80% to programs · $0 to raise $100 earns a D on this criterion. See the exact thresholds →
B+Financial health25% of the rating5 mo reserves · -3% 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: 5 mo reserves · -3% margin earns a B+ 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 →
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Mission
Hmh carrier clinic's primary activities are inpatient and adolescent residential psychiatric treatment, substance abuse treatment and rehabilitation, and special education for adolescents
What they do
East mountain school provided quality special education and therapeutic services for 218 adolescents affected by behavioral and psychiatric disorders.
Blake recovery center provided specialized treatment and rehabilitation programs for substance abuse to 1,250 inpatients and had a total of 10,610 patient days.
Other programs of note to the community - residential services, which include east mountain youth lodge, swan lodge, sunflower lodge, and lotus lodge for emotionally disturbed adolescents, cared for 112 residents and had a total of 27,331 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 $66.1M (FY2013) to $79.5M (FY2018) across 6 reported years.
Financial snapshot
Financial health & position (FY2018)
Liabilities $34.5MNet assets $36.9M
Operating margin
-3.1%
Spent more than it raised in the latest fiscal year.
Total assets
$71.4M
Total liabilities
$34.5M
Net assets
$36.9M
Salaries & benefits
$61.8M
75% of expenses
Board members
15
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2018 | $79,547,655▼0.1% | $82,007,298▲4.2% | $36,879,881▼12.3% | $71,369,061▼7.5% | 990 |
| 2017 | $79,605,344▲7.0% | $78,689,376▲4.8% | $42,067,772▲4.2% | $77,132,105▲3.4% | 990 |
| 2016 | $74,377,009▲3.1% | $75,056,857▲4.9% | $40,374,800▲4.8% | $74,596,238▼0.4% | 990 |
| 2015 | $72,119,519▲2.8% | $71,578,127▲8.2% | $38,518,055▼1.5% | $74,910,160▲13.0% | 990 |
| 2014 | $70,150,086▲6.2% | $66,179,571▲7.2% | $39,119,245▲1.6% | $66,303,600▲11.6% | 990 |
| 2013 | $66,083,558 | $61,706,513▲3.6% | $38,507,023▲17.4% | $59,429,280▲7.3% | 990 |
| 2012 | — | $59,539,722▲6.1% | $32,808,213▲10.3% | $55,394,874▲7.1% | 990 |
| 2011 | — | $56,137,728▲1.4% | $29,744,365▲7.7% | $51,742,137▼3.3% | 990 |
| 2010 | — | $55,379,321 | $27,626,041 | $53,520,532 | 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 (FY2018)
Highest-paid: Donald Parker — $737,887 (0.90% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Donald Parker | President & Ceo | 40 | $737,887 |
| Umesh Mehta Md | Chief Medical Director | 40 | $566,719 |
| Randolph Jacobson | Vp & Cfo | 40 | $342,749 |
| Syed Ali Md | Psychiatrist | 40 | $328,316 |
| Abdul Kazi Md | Psychiatrist | 40 | $326,874 |
| Joseph Verret Md | Psychiatrist | 40 | $316,549 |
| Patricia Toole | Vp & Compliance Officer | 40 | $315,901 |
| Anthony Marino Md | Medical Staff President | 40 | $311,395 |
| Robert Saint-vil Md | Psychiatrist | 40 | $310,521 |
| Jagwinder Sandhu Md | Psychiatrist | 40 | $280,646 |
| Shaun Sweeney | Vp, Patient Care Services | 40 | $180,045 |
| Ann Damsgaard | Trustee | 3 | — |
| Carol L Holzer Lcsw | Vice Chairperson | 3 | — |
| Chrsitian Bormann | Trustee | 3 | — |
| Donald Hunt | Trustee | 3 | — |
| Donna Simon | Trustee | 3 | — |
| Gordon Pingicer | Trustee | 3 | — |
| Jaime Robertson-lavalle | Trustee | 3 | — |
| John Kolligian Phd | Trustee (resigned 2/13/2018) | 3 | — |
| Marilouise Venditti Md | Trustee | 3 | — |
Top vendors & contractors (FY2018)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc & Affiliates | Dietary & Housekeeping | $2,780,692 |
| Mccarter & English LLP | Legal Services | $822,653 |
| Drinker Biddle & Reath LLP | Legal Services | $554,437 |
| New Advanced Medical Services Group | Internal Medicine | $473,575 |
| Kpmg LLP | Auditing Services | $224,049 |
Grants received · $45K total
2 grants to Hackensack Meridian Health Inc totaling $45K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hackensack Meridian Health Inc | Sponsorship | 2018 | $25,000 |
| Donor Advised Charitable Giving | Health & human services | 2015 | $20,000 |
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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 22-1714106, 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 22-1714106.
- How much revenue does Hackensack Meridian Health Inc report?
- Hackensack Meridian Health Inc reported $79,547,655 in total revenue on its fiscal year 2018 IRS Form 990 filing.
- How much of Hackensack Meridian Health Inc's spending goes to programs?
- Hackensack Meridian Health Inc spends about 80% 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 C+, 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 $737,887, paid to Donald Parker (President & Ceo).
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Data for Hackensack Meridian Health Inc (EIN 22-1714106) 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.