Holy Name Medical Center Inc
87% goes to programs $0 to raise $100 Strong reserves
Holy Name Medical Center Inc is a 501(c)(3) organization based in Teaneck, New Jersey, registered in 1946, with $596,467,503 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
718 Teaneck Rd, Teaneck, NJ, 07666 EIN 22-1487322 Since 1946
Revenue (FY2024)
$596.5M
▲ 6.3% vs prior year
Health median: $840K
Expenses (FY2024)
$597.8M
Net assets
$303.7M
Employees
3,229
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 rating87% 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 Holy Name Medical Center Inc: 87% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 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 Holy Name Medical Center Inc: 6 mo reserves · -0% 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 Holy Name Medical Center 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 Holy Name Medical Center Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide medically necessary healthcare svcs to individuals in the community regardless of race, color, creed, sex, gender identity, nat'l origin, age, disability or ability to pay.
What they do
Expenses incurred in providing medically necessary inpatient services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. please refer to the organization's community benefit statement included in schedule o.
Expenses incurred in providing medically necessary emergency department services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. please refer to the organization's community benefit statement included in schedule o.
Contact & location
- Address
- 718 Teaneck Rd, Teaneck, NJ, 07666
- City
- Teaneck
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $313.1M (FY2013) to $596.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $250.8MNet assets $303.7M
Operating margin
-0.2%
Spent more than it raised in the latest fiscal year.
Total assets
$554.5M
Total liabilities
$250.8M
Net assets
$303.7M
Salaries & benefits
$242.3M
41% of expenses
Board members
19
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $596,467,503▲6.3% | $597,781,453▲8.1% | $303,723,804▲0.8% | $554,498,202▲12.6% | 990 |
| 2023 | $560,855,952▲6.9% | $552,986,664▲1.2% | $301,180,729▲3.9% | $492,479,419▼1.0% | 990 |
| 2022 | $524,882,640▲0.3% | $546,433,340▲8.9% | $289,891,274▲0.8% | $497,398,141▼5.9% | 990 |
| 2021 | $523,084,132▲8.3% | $501,697,935▲12.7% | $287,594,713▲4.7% | $528,811,451▼1.9% | 990 |
| 2020 | $483,196,582▲4.4% | $445,147,031▲0.3% | $274,690,316▲18.6% | $538,902,803▲30.0% | 990 |
| 2019 | $462,911,503▲6.2% | $443,684,610▲7.5% | $231,659,825▲12.6% | $414,463,274▲12.7% | 990 |
| 2018 | $435,766,178▲9.3% | $412,580,544▲6.7% | $205,801,612▲9.0% | $367,667,454▲1.3% | 990 |
| 2017 | $398,717,909▲7.6% | $386,789,322▲6.7% | $188,743,018▲13.2% | $363,105,603▲6.5% | 990 |
| 2016 | $370,655,753▲5.5% | $362,615,589▲12.9% | $166,723,570▲3.9% | $341,032,536▼1.6% | 990 |
| 2015 | $351,272,519▲9.6% | $321,051,217▲7.5% | $160,500,992▲6.6% | $346,432,320▲3.7% | 990 |
| 2014 | $320,447,428▲2.3% | $298,712,553▲4.7% | $150,550,317▲5.2% | $333,952,585▲2.9% | 990 |
| 2013 | $313,138,569 | $285,184,263▲3.5% | $143,079,032▲8.8% | $324,392,964▲3.5% | 990 |
| 2012 | — | $275,472,698▼2.9% | $131,475,211▲22.2% | $313,499,209▲8.1% | 990 |
| 2011 | — | $283,600,652▲6.5% | $107,546,805▼3.3% | $290,137,110▲1.4% | 990 |
| 2010 | — | $266,181,892 | $111,211,568 | $285,993,216 | 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: Michael Maron — $2,394,978 (0.40% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Maron | Trustee - President & Ceo | 55 | $2,394,978 |
| Vasantha K Kondamudi | Evp, Chief Medical Officer | 55 | $990,620 |
| Jonathan H Lee | Medical Director, Oncology | 55 | $897,971 |
| Saikrishnan Kandamangalam | Evp, Chief Information Officer | 55 | $815,929 |
| Ryan Kennedy CPA | Evp/cfo (term 8/31/24) | 55 | $604,106 |
| Michele Acito Dnp Rn Ne-bc | Evp, Chief Nursing Officer | 55 | $572,799 |
| Rajasekar Palanisamy | Vp, Head of Software Dev | 55 | $550,668 |
| Steven L Mosser | Evp, Operations | 55 | $548,014 |
| Dennis W Sparks | Vp, Human Resources, Chro | 55 | $538,669 |
| Ron White Md | Director, Risk (term 9/08/24) | 55 | $516,691 |
| Nancy Palamara | Vp, Diagnostics | 55 | $495,631 |
| Randy Tartacoff Md | Trustee - President Med Staff | 55 | $303,456 |
| Michael Skvarenina | Former Key Employee | 0 | $285,118 |
| Santo Gencarelli CPA | Vp, Finance | 55 | $275,098 |
| Sean O'rourke | Former Key Employee | 0 | $241,265 |
| Alexandra Garcia-watts | Trustee | 1 | — |
| Angelica Berrie | Trustee | 1 | — |
| Dale A Creamer | Trustee | 1 | — |
| Daniel Leber | Trustee | 1 | — |
| David Butler Md | Trustee | 55 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Symmetry Workforce Solutions LLC | Staffing | $8,164,148 |
| Claudio Bozzo Son Inc | Construction | $5,805,295 |
| Tvs Next Private Limited | Consulting | $3,370,855 |
| Entrans Technologies Private Limite | It/consulting | $3,003,895 |
| Eastport Holdings LLC | Advertising | $2,585,087 |
Grants received · $266K total
14 grants to Holy Name Medical Center Inc totaling $266K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Raymond James Charitable Endowment Fund | General support | 2024 | $5,000 |
| New Jersey Innovation Institute Inc | Substance use disorder program | 2023 | $20,000 |
| American Endowment Foundation | Health, general | 2023 | $20,000 |
| American Endowment Foundation | Programs | 2020 | $40,000 |
| Network For Good Inc | Unrestricted | 2020 | $32,723 |
| Jewish Communal Fund | General support | 2020 | $10,500 |
| Jewish Communal Fund | General support | 2020 | $10,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $6,110 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $60,895 |
| American Endowment Foundation | Programs | 2019 | $20,000 |
| Jewish Communal Fund | General support | 2019 | $6,700 |
| American Online Giving Foundation Inc | General support | 2019 | $5,259 |
| Washington University | Research | 2015 | $11,600 |
| Washington University | Research | 2014 | $16,250 |
Grants made · $2.4M in FY2024
7 grants totaling $2.4M in FY2024. All grants made by Holy Name Medical Center Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Holy Name Health Care Foundation Inc | Program support | $2,145,505 |
| Caucus Educational Corporation Inc | Program support | $125,000 |
| Metropolitan YMCA of the Oranges Inc | Program support | $50,000 |
| Teaneck Volunteer Ambulance Corps | Program support | $50,000 |
| Bergen Volunteer Medical Initiative Inc | Program support | $30,000 |
| Bergen Catholic High School | Program support | $20,000 |
| Adler Aphasia Center | Program support | $15,550 |
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Frequently asked questions
- Is Holy Name Medical Center Inc a legitimate nonprofit?
- Yes. Holy Name Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-1487322, based in Teaneck, New Jersey. Donations are tax-deductible.
- What is Holy Name Medical Center Inc's EIN?
- Holy Name Medical Center Inc's Employer Identification Number (EIN) is 22-1487322.
- How much revenue does Holy Name Medical Center Inc report?
- Holy Name Medical Center Inc reported $596,467,503 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Holy Name Medical Center Inc's spending goes to programs?
- Holy Name Medical Center Inc spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Holy Name Medical Center Inc have?
- CharityIndex grades Holy Name Medical Center Inc A, based on program efficiency and fundraising cost.
- How much does Holy Name Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Holy Name Medical Center Inc's latest Form 990 is $2,394,978, paid to Michael Maron (Trustee - President & Ceo).
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Data for Holy Name Medical Center Inc (EIN 22-1487322) 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.