Holy Redeemer Health System is a 501(c)(3) organization based in Meadowbrook, Pennsylvania, registered in 1946, with $353,458,136 in FY2023 revenue. CharityIndex grades it B+, and it directs about 83% of spending to programs.
Revenue (FY2023)
$353.5M
▼ 4.7% vs prior year
Health median: $840K
Expenses (FY2023)
$389.2M
Net assets
$200.6M
Employees
3,409
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 →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 Redeemer Health System: 83% to programs · $27 to raise $100 earns a A on this criterion. See the exact thresholds →
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 Redeemer Health System: 6 mo reserves · -10% margin earns a C+ on this criterion. See the exact thresholds →
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 Redeemer Health System: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Redeemer Health System: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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To provide holistic healthcare through hospital, long-term care and homecare services
Lifecare -- our long term care facilities, holy redeemer lafayette and holy redeemer saint joseph manor, provides services to older adults at different levels of care. the lafayette is a wonderful option for adults who desire to maintain an independent lifestyle with the added assurance that medical, social and religious services are available. the facility offers 226 lovely private rental apartments set on a beautiful campus adjacent to the woods of pennypack park. 54 personal care units are also available, and the lafayette's 120-bed long term care facility provides a seamless transition if the need for skilled nursing care arises. the lafayette is also a site for holy redeemer's outpatient rehabilitation center, which offers speech, occupational and physical therapy.saint joseph manor has been providing compassionate nursing and assisted living care to older adults since 1937. the manor offers 60 personal care units, and 296 long term care skilled nursing services including a dementia unit. adjacent to holy redeemer hospital and medical center, residents have convenient access to physicians, diagnostic and emergency services. both the manor and lafayette are medicare and medicaid certified. total occupancy in both facilities equate to 65.5% in nursing, 71.5% in personal care, and 62.1% in independent.
Homecare -- the following services are provided: (1) specialized nursing care, (2) therapy, (3) lifeassess program, (4) heartassess program, (5) breathe easy program, and (6) telemonitoring.(1) specialized nursing care delivered by our highly-trained nursing staff with a compassionate approach.(2) therapy services by our specialized rehabilitation therapists who offer a variety of therapies to meet the unique needs of each patient.(3) lifeassess program, a comprehensive assessment, education, support and rehabilitation program that identifies and treats older adults who are at risk for four of the most common geriatric syndromes - depression, dementia, falls risk and incontinence - allowing them to live safely at home.(4) heartassess program, designed to improve quality of life for heart failure patients by helping them focus on the most important aspects of managing their heart failure at home. patients are taught symptom and medication management and are assigned home health care nurses to help with medications, diet, disease management and assisting with lifestyle changes.(5) breathe easy program, allows patients who suffer from chronic obstructive pulmonary disease (copd) to better manage their condition at home, improving their overall quality of life.(6) telemonitoring, an advanced system available to remotely monitor vital information, such as blood pressure, heart rate, weight and blood oxygen levels for cardiac patients or any patients who need additional supervision. results are automatically transmitted to a homecare nurse who will perform triage to determine an appropriate plan of action.the hospice division provides pain relief and symptom control appropriate to clinical goals. psychological and spiritual pains are as significant as physical pain. addressing all three requires the skills of an interdisciplinary team. the holy redeemer hospice team is guided by the needs and wishes of the patient and family and includes them as important members of the care team. the integrated, multi-disciplinary group includes: patient and family, patient's personal physician, hospice medical director, specially trained nurses, medical social workers, pastoral counselors, home health aides, physical, occupational and speech therapists, complementary therapists, volunteers, and bereavement counselors available to assist with the grieving process. a complementary (or alternative) therapy program offers holistic solutions for patients and families. holy redeemer also offers palliative care services which aim to provide comfort and improve quality of life at any time during the course of a serious advanced illness, often at the same
Revenue grew from $295.2M (FY2013) to $353.5M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-10.1%
Spent more than it raised in the latest fiscal year.
Total assets
$481.7M
Total liabilities
$281.1M
Net assets
$200.6M
Salaries & benefits
$181.1M
47% of expenses
Board members
14
12 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $353,458,136▼4.7% | $389,222,800▲1.4% | $200,605,867▼15.7% | $481,696,996▲0.2% | 990 |
| 2022 | $370,802,158▲14.5% | $383,817,778▲16.5% | $238,097,000▼7.2% | $480,796,485▼31.0% | 990 |
| 2021 | $323,772,009▼7.6% | $329,464,431▲1.5% | $256,472,000▼1.8% | $697,200,629▼1.4% | 990 |
| 2020 | $350,458,120▲6.9% | $324,698,771▲2.8% | $261,259,000▲15.2% | $707,024,246▲10.8% | 990 |
| 2019 | $327,741,870▲3.1% | $315,809,005▲4.1% | $226,858,000▼5.0% | $638,337,884▲15.4% | 990 |
| 2018 | $317,749,276▲2.4% | $303,337,475▲0.5% | $238,718,000▼2.0% | $553,349,903▲5.8% | 990 |
| 2017 | $310,340,817▲1.8% | $301,742,420▲7.2% | $243,509,666▲7.8% | $522,935,523▲7.4% | 990 |
| 2016 | $304,992,398▲17.9% | $281,482,613▲2.7% | $225,865,616▲11.8% | $486,919,259▲14.8% | 990 |
| 2015 | $258,697,463▼0.6% | $274,019,698▲3.8% | $202,072,771▼7.4% | $423,979,183▼9.5% | 990 |
| 2014 | $260,348,451▼11.8% | $264,114,130▲1.4% | $218,270,544▼1.4% | $468,713,139▲7.5% | 990 |
| 2013 | $295,217,931 | $260,507,357▲0.6% | $221,359,486▲18.6% | $435,908,405▲15.7% | 990 |
| 2012 | — | $259,020,392▼3.1% | $186,643,413▲18.0% | $376,910,616▲4.3% | 990 |
| 2011 | — | $267,310,812▲2.0% | $158,193,924▼11.2% | $361,274,637▲2.4% | 990 |
| 2010 | — | $262,184,632▲1.0% | $178,188,227▲32.4% | $352,938,725▲7.5% | 990 |
| 2009 | — | $259,537,114 | $134,620,440 | $328,403,023 | 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.
Highest-paid: Catherine Egan — $538,093 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Catherine Egan | Senior Vp, Cao | 40 | $538,093 |
| Donald F Friel | Asst Treasurer | 22.9 | $392,195 |
| Michael B Laign | Board Member, President/ceo | 23.4 | $373,177 |
| Carl Rosenbaum Md | Sr. Vp & Medical Director | 26 | $290,837 |
| Thomas Harris - Vice Pres | & Assistant Secretary | 22.9 | $248,223 |
| Anne Catino | Vp Hospital | 40 | $232,618 |
| Michael Keen | Treasurer/cfo | 22.5 | $211,551 |
| Henry Unger Md | Physician | 36 | $198,034 |
| Donald W Fox | Senior Vp | 22.9 | $168,492 |
| Marian Thallner | Vp/cao Hrpas | 16 | $163,511 |
| William Scarlett | Physician | 6.4 | $81,879 |
| Stacy Krisher-venticinque | Physician | 6 | $73,931 |
| Anthony Coletta Md | Board Member (until 05/24) | 0.5 | — |
| Beth Dupree Md | Board Member | 0.5 | — |
| Charlotte Mckines | Board Member | 0.5 | — |
| Cristina Peoples | Corporate Secretary | 0.01 | — |
| Ellyn Ito | Board Member | 0.5 | — |
| Guy Mcelwain Jr Md | Board Member | 0.5 | — |
| James Lynch | Board Member | 0.5 | — |
| James Rogers | Board Member | 0.5 | — |
| Contractor | Services | Paid |
|---|---|---|
| Cooper University Hospital | Physicians and Cancer Program | $6,331,620 |
| Health Network Laboratories LP | Laboratory Services | $4,656,705 |
| Radiology Affiliates of Central Nj PC | Radiologic Services | $3,330,643 |
| Advantage Care Rehabiliation | Rehabiliation | $2,090,402 |
| Middle States Medical Management | Management | $1,495,247 |
33 grants to Holy Redeemer Health System totaling $1.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Philabundance | Feed food | 2023 | $345,983 |
| Donor Advised Charitable Giving | Health | 2023 | $90,800 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $11,600 |
| Donor Advised Charitable Giving | Health | 2022 | $129,568 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $13,880 |
| Paypal Charitable Giving Fund | General support | 2022 | $8,501 |
| American Online Giving Foundation Inc | General support | 2022 | $6,756 |
| Donor Advised Charitable Giving | Health | 2021 | $53,316 |
| American Online Giving Foundation Inc | General support | 2021 | $24,478 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $21,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $21,700 |
| Community Foundation of New Jersey | General support | 2021 | $12,000 |
| American Online Giving Foundation Inc | General support | 2020 | $74,645 |
| American Online Giving Foundation Inc | General support | 2020 | $74,645 |
| Philadelphia Foundation | Covid-19 relief effort | 2020 | $50,000 |
1 grant totaling $310K in FY2023. All grants made by Holy Redeemer Health System →
| Recipient | Purpose | Amount |
|---|---|---|
| Sisters of the Redeemer Inc | Sponsorship/founders fee | $310,000 |
Explore more
Data for Holy Redeemer Health System (EIN 23-1534300) 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.