Hackensack Meridian Medical Group One Medical PC
100% goes to programs $0 to raise $100 Strong reserves Declining revenue
Hackensack Meridian Medical Group One Medical PC is a 501(c)(3) organization based in Edison, New Jersey, registered in 2009, with $60,918 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
C/o Tax Dept 399 Thornall Street 2n, Edison, NJ, 08837 EIN 14-1981647 Since 2009
Revenue (FY2024)
$61K
▲ 224.8% vs prior year
Health median: $840K
Expenses (FY2024)
$61K
Net assets
$6.4M
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 Medical Group One Medical PC: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating1262 mo reserves · +0% 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 Medical Group One Medical PC: 1262 mo reserves · +0% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Medical Group One Medical PC: 4 of 6 checks met earns a B 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 Medical Group One Medical PC: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The corporation will further the charitable and healthcare purposes of hackensack meridian health, inc. and its internal revenue code 501(c)(3) tax-exempt affiliates.
What they do
Providing medically necessary healthcare services directly to patients through the physicians employed by the corporation. accordingly, the corporation is an integral part of hackensack meridian health; a tax-exempt integrated healthcare delivery network.
Contact & location
- Address
- C/o Tax Dept 399 Thornall Street 2n, Edison, NJ, 08837
- City
- Edison
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $44.3M (FY2015) to $61K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.3MNet assets $6.4M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.7M
Total liabilities
$3.3M
Net assets
$6.4M
Salaries & benefits
$0
0% of expenses
Board members
2
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $60,918▲225% | $60,918▲277% | $6,406,143▼3.1% | $9,729,097▲30.6% | 990 |
| 2023 | $18,755▼100.0% | $16,138▼100.0% | $6,614,079▼89.9% | $7,451,401▼89.7% | 990 |
| 2022 | $149,044,253▲7.0% | $149,044,253▲7.0% | $65,518,179▲565% | $72,476,439▲301% | 990 |
| 2021 | $139,236,073▲10.2% | $139,236,074▲10.2% | $9,856,436▲205242% | $18,085,134▲74.4% | 990 |
| 2020 | $126,369,811▼1.7% | $126,369,811▼1.7% | $4,800 | $10,369,653▲21.9% | 990 |
| 2019 | $128,597,591▲11.0% | $128,592,791▲11.0% | $4,800 | $8,506,030▼52.7% | 990 |
| 2018 | $115,868,513▲12.6% | $115,868,513▲12.6% | $0 | $17,970,770▲139% | 990 |
| 2017 | $102,893,419▲4.3% | $102,893,419▲4.3% | $0 | $7,529,205▲4.1% | 990 |
| 2016 | $98,679,476▲123% | $98,679,476▲123% | $0 | $7,236,130▼17.4% | 990 |
| 2015 | $44,344,825 | $44,344,825 | $0 | $8,760,629 | 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 |
|---|---|---|---|
| Daniel Varga | Chief Physician Executive | 2.5 | — |
| James Clarke Md | Vice President & Secretary | 2.5 | — |
Top vendors & contractors (FY2017)
| Contractor | Services | Paid |
|---|---|---|
| Jersey Coast Vascular Assoc PA | Medical | $2,169,194 |
| Medical Assoc of Ocean County | Medical | $2,156,589 |
| Atlantic Hematology Oncology Assoc | Medical | $1,760,735 |
| Healthy Woman Obgyn | Medical | $1,724,038 |
| Cardiac Care Center LLC | Medical | $1,524,016 |
Grants received · $262.4M total
9 grants to Hackensack Meridian Medical Group One Medical PC totaling $262.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hackensack Meridian Health Inc | Subsidy | 2024 | $21,366 |
| Hackensack Meridian Health Inc | Subsidy | 2023 | $16,138 |
| Hackensack Meridian Health Inc | Subsidy | 2023 | $16,138 |
| Hackensack Meridian Health Inc | Subsidy | 2022 | $48,241,345 |
| Hackensack Meridian Health Inc | Subsidy | 2021 | $41,475,332 |
| Hackensack Meridian Health Inc | Subsidy | 2020 | $47,003,984 |
| Hackensack Meridian Health Inc | Subsidy | 2019 | $48,535,958 |
| Hackensack Meridian Health Inc | Subsidy | 2018 | $42,749,729 |
| Hackensack Meridian Health Inc | Subsidy | 2017 | $34,354,191 |
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Frequently asked questions
- Is Hackensack Meridian Medical Group One Medical PC a legitimate nonprofit?
- Yes. Hackensack Meridian Medical Group One Medical PC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1981647, based in Edison, New Jersey. Donations are tax-deductible.
- What is Hackensack Meridian Medical Group One Medical PC's EIN?
- Hackensack Meridian Medical Group One Medical PC's Employer Identification Number (EIN) is 14-1981647.
- How much revenue does Hackensack Meridian Medical Group One Medical PC report?
- Hackensack Meridian Medical Group One Medical PC reported $60,918 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hackensack Meridian Medical Group One Medical PC's spending goes to programs?
- Hackensack Meridian Medical Group One Medical PC spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hackensack Meridian Medical Group One Medical PC have?
- CharityIndex grades Hackensack Meridian Medical Group One Medical PC A, based on program efficiency and fundraising cost.
- How much does Hackensack Meridian Medical Group One Medical PC's highest-paid employee make?
- The highest reported compensation on Hackensack Meridian Medical Group One Medical PC's latest Form 990 is $0, paid to Daniel Varga (Chief Physician Executive).
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Data for Hackensack Meridian Medical Group One Medical PC (EIN 14-1981647) 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.