Hackensack Meridian Health Inc
100% goes to programs $0 to raise $100 Strong reserves Declining revenue
Hackensack Meridian Health Inc is a 501(c)(3) organization based in Edison, New Jersey, registered in 2002, with $271,269,165 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
399 Thornall St Ste 2, Edison, NJ, 08837 EIN 22-3474145 Since 2002
Revenue (FY2024)
$271.3M
▲ 348.5% vs prior year
Health median: $840K
Expenses (FY2024)
$99.9M
Net assets
$1.2B
Employees
0
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 rating100% 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: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating149 mo reserves · +63% 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: 149 mo reserves · +63% 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 →
A+Transparency10% of the rating5 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: 5 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
Accountable care organizations: promote evidence-based medicine, patient engagement, care coordination, and the development of an infrastructure for accountable care organization providers to internally report on quality and cost metrics.
Health care services: providing various other medically necessary healthcare services, such as emergency department, obstetrics & newborns, chemotherapy, oncology, behavioral health, etc., to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay.
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 -$3.3M (FY2013) to $271.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.7BNet assets $1.2B
Operating margin
63.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.9B
Total liabilities
$3.7B
Net assets
$1.2B
Salaries & benefits
$14.1M
14% of expenses
Board members
28
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $271,269,165▲349% | $99,861,149▲23.1% | $1,240,575,784▲194% | $4,895,821,663▲21.2% | 990 |
| 2023 | $60,482,688▼32.2% | $81,092,608▲39.9% | $422,614,673▲225% | $4,039,269,712▲16.2% | 990 |
| 2022 | $89,245,237▼84.3% | $57,961,144▼32.5% | -$338,484,287▼132% | $3,476,715,183▼24.5% | 990 |
| 2021 | $570,011,580▲277% | $85,867,136▲10.5% | $1,045,747,317▲98.5% | $4,603,504,808▲2.9% | 990 |
| 2020 | $151,034,525▲8.5% | $77,696,166▲22.9% | $526,830,882▲298% | $4,474,254,486▲85.8% | 990 |
| 2019 | $139,229,384▼33.5% | $63,244,617▲34.2% | $132,502,761▲298% | $2,407,834,204▲14.7% | 990 |
| 2018 | $209,349,249▲296% | $47,131,958▲0.2% | -$67,082,360▼586% | $2,098,362,577▲18.4% | 990 |
| 2017 | $52,889,469▲269% | $47,026,600▲120% | $13,799,808▲687% | $1,772,156,945▲8619% | 990 |
| 2016 | $14,326,115▲459% | $21,412,204▲161% | -$2,350,390▼126% | $20,325,166▼10.7% | 990 |
| 2015 | $2,564,767▼56.7% | $8,207,551▼6.5% | $9,019,890▲1190% | $22,755,192▲581% | 990 |
| 2014 | $5,918,192▲281% | $8,777,428▲211% | -$827,535▼104% | $3,341,545▼85.4% | 990 |
| 2013 | -$3,277,003 | $2,823,942▲142% | $19,762,881▼64.2% | $22,943,833▼59.9% | 990 |
| 2012 | — | $1,166,366▼65.0% | $55,271,583▼2.2% | $57,163,843▼1.2% | 990 |
| 2011 | — | $3,328,489▲99.8% | $56,497,622▼13.0% | $57,864,861▼12.5% | 990 |
| 2010 | — | $1,665,770 | $64,924,039 | $66,162,207 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ann B Gavzy Esq | Evp, Co-chief Legal Officer | 3 | — |
| Audrey C Murphy Esq | Evp, Co-chief Legal Officer | 3 | — |
| Carla Harris | Trustee | 3 | — |
| Carmine Di Sibio | Trustee | 3 | — |
| Catherine Ainora | Former Evp Cio (termed 4/2/2022) | 0 | — |
| Daniel Varga Md | Pres, Chief Physician Executive | 3 | — |
| Domenic M Dipiero III | Trustee | 3 | — |
| Douglas Sieg | Trustee | 3 | — |
| Eli Manning | Trustee | 3 | — |
| Frank Decongelio | Trustee | 3 | — |
| Frank L Fekete CPA | Trustee | 3 | — |
| Fred Voccola | Trustee | 3 | — |
| Gail B Gordon Esq | Trustee | 3 | — |
| Gregg Azcuy | Trustee | 3 | — |
| Ihor Sawczuk Md | Pres, Academics, Rsch, & Innov | 3 | — |
| James Blazar | Evp, Chief Strategy Officer | 3 | — |
| James J Galeota | Trustee/secretary | 3 | — |
| Jeffrey Boscamp | Pres & Dean, School of Medicine | 3 | — |
| John C Meditz | Trustee | 3 | — |
| John E Harmon Sr | Trustee | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Med-metrix LLC | Medical A/r Collection | $36,034,289 |
| Cps Solutions LLC | Medical | $21,883,455 |
| Regional Cancer Care Associates LLC | Medical | $17,359,376 |
| Ntt Data Services LLC | Consulting | $16,916,490 |
| Divurgent LLC | Consulting | $13,795,147 |
Grants received · $2.0M total
14 grants to Hackensack Meridian Health Inc totaling $2.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Temple University-of the Commonwealth System of Higher Educ | Research subcontract | 2023 | $326,541 |
| American Endowment Foundation | General operating support | 2023 | $15,000 |
| New Jersey Innovation Institute Inc | Substance use disorder program | 2022 | $699,000 |
| Temple University-of the Commonwealth System of Higher Educ | Research subcontract | 2022 | $367,005 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $20,000 |
| Temple University-of the Commonwealth System of Higher Educ | Research subcontract | 2021 | $312,290 |
| Community Foundation of New Jersey | General support | 2021 | $101,500 |
| Community Foundation of New Jersey | General support | 2021 | $55,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $20,000 |
| Georgetown University | Subaward | 2020 | $30,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $20,000 |
| Seattle Childrens Hospital | Pediatric medical research grant subaward | 2019 | $9,516 |
Similar organizations in Health
Health
Shore Memorial Hospital
Somers Point, NJ
$267.7M
Aannual revenue
Health
Deborah Heart & Lung Center
Browns Mills, NJ
$239.1M
Aannual revenue
Health
Atlanticare Physician Group PA
Egg Harbor Townshi, NJ
$307.6M
Bannual revenue
Health
Valley Physician Services PC
Paramus, NJ
$229.6M
C+annual revenue
Health
Hackensack Meridian Health Medical Group - Primary Care PC
Edison, NJ
$210.1M
B+annual revenue
Health
Rwj Barnabas Health Inc
Oceanport, NJ
$346.0M
Aannual revenue
Health
Careplus Bergen
Paramus, NJ
$366.5M
Bannual revenue
Health
Hunterdon Medical Center
Flemington, NJ
$376.8M
Aannual revenue
Health
Virtua Willingboro Hospital Inc
Marlton, NJ
$159.3M
Aannual revenue
Valley Physician Servcies Inc
Paramus, NJ
$150.0M
Aannual revenue
Compare Hackensack Meridian Health Inc
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 22-3474145, 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 22-3474145.
- How much revenue does Hackensack Meridian Health Inc report?
- Hackensack Meridian Health Inc reported $271,269,165 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hackensack Meridian Health Inc's spending goes to programs?
- Hackensack Meridian Health Inc spends about 100% 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 $0, paid to Ann B Gavzy Esq (Evp, Co-chief Legal Officer).
More nonprofits in Edison
Explore more
Data for Hackensack Meridian Health Inc (EIN 22-3474145) 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.