Kennedy University Hospital Inc
86% goes to programs $23 to raise $100 Strong reserves Growing revenue
Kennedy University Hospital Inc is a 501(c)(3) organization based in Cherry Hill, New Jersey, registered in 1965, with $817,020,277 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
500 Marlboro Ave, Cherry Hill, NJ, 08002 EIN 22-1773439 Since 1965
Revenue (FY2023)
$817.0M
▲ 4.8% vs prior year
Health median: $840K
Expenses (FY2023)
$769.5M
Net assets
$582.9M
Employees
4,873
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 rating86% to programs · $23 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 Kennedy University Hospital Inc: 86% to programs · $23 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +6% 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 Kennedy University Hospital Inc: 9 mo reserves · +6% 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 Kennedy University Hospital 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 Kennedy University Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The mission of kennedy university hospital, inc. is to improve lives.
Contact & location
- Address
- 500 Marlboro Ave, Cherry Hill, NJ, 08002
- City
- Cherry Hill
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $498.9M (FY2013) to $817.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $667.3MNet assets $582.9M
Operating margin
5.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$667.3M
Net assets
$582.9M
Salaries & benefits
$368.0M
48% of expenses
Board members
15
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $817,020,277▲4.8% | $769,485,208▼1.7% | $582,931,450▲16.8% | $1,250,242,656▲6.5% | 990 |
| 2022 | $779,678,321▲8.0% | $782,911,904▲12.1% | $499,208,211▲5.0% | $1,174,362,104▼0.5% | 990 |
| 2021 | $722,110,488▲8.0% | $698,423,952▲6.3% | $475,539,567▲3.0% | $1,180,613,061▼4.9% | 990 |
| 2020 | $668,598,689▲15.9% | $657,075,600▼1.7% | $461,717,528▲22.7% | $1,241,829,856▲6.2% | 990 |
| 2019 | $577,049,990▼10.5% | $668,656,361▲17.1% | $376,220,209▼22.6% | $1,169,795,148▼2.5% | 990 |
| 2018 | $644,686,232▲13.6% | $570,866,608▲4.5% | $486,372,169▲27.0% | $1,199,906,759▲83.8% | 990 |
| 2017 | $567,269,841▼2.4% | $546,465,181▼1.2% | $383,042,599▲6.8% | $653,004,165▲6.5% | 990 |
| 2016 | $581,270,023▲3.3% | $553,152,818▲4.5% | $358,770,086▲8.4% | $613,286,832▲12.9% | 990 |
| 2015 | $562,661,600▲4.3% | $529,224,703▲7.1% | $330,837,087▲10.2% | $543,001,699▲4.8% | 990 |
| 2014 | $539,678,343▲8.2% | $493,969,148▲3.9% | $300,128,677▲11.3% | $518,110,906▲12.2% | 990 |
| 2013 | $498,884,725 | $475,214,749▼0.1% | $269,592,927▲20.4% | $461,590,670▲5.3% | 990 |
| 2012 | — | $475,877,786▲6.9% | $224,000,421▲5.8% | $438,183,487▲6.2% | 990 |
| 2011 | — | $445,199,827▼4.2% | $211,699,853▲0.3% | $412,652,826▲7.1% | 990 |
| 2010 | — | $464,562,719 | $211,040,097 | $385,466,006 | 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 (FY2023)
Highest-paid: Henry R Schuitema Do — $656,018 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Henry R Schuitema Do | Er Physician | 55 | $656,018 |
| David Kovalsky Do | Internist | 55 | $567,772 |
| David May Md | Vp Chief Patient Staff & Qual | 55 | $536,232 |
| Mark Condoluci Do | Internist | 55 | $525,220 |
| Hasan A Ehsan Md | Internist | 55 | $495,079 |
| Helene Burns Dnp Rn Nea-bc | Svp/chief Nursing Officer | 55 | $455,384 |
| Kelly A Walenda Esq | Svp, Legal Services | 55 | $452,639 |
| Aaron Chang Fache | Trustee - President(eff 10/23) | 55 | — |
| Albert E Smith CPA | Trustee | 5 | — |
| Brian Sweeney Rn Mba Fache | Trustee - Pres/coo(term 10/23) | 55 | — |
| Bruce J Paparone | Chair - Trustee | 5 | — |
| Cristina G Cavalieri Esq | Secretary | 60 | — |
| Daniel J Dalton | Trustee | 5 | — |
| Daniel Tarditi Do | Trustee | 5 | — |
| John E Wallace Jr Esq | Trustee | 5 | — |
| John F Durante | Trustee | 5 | — |
| John P Mordach | Treasurer | 60 | — |
| John P Silvestri | Vice Chair - Trustee | 5 | — |
| Joseph A Maressa Jr Esq | Trustee | 5 | — |
| Robert Distanislao | Trustee | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Thomas Jefferson University | Corporate Services | $108,876,783 |
| Rowan University | Residency/medical | $7,379,070 |
| Rancocas Anesthesiology PA | Staffing | $6,195,194 |
| Rehab Professional Service Inc | Medical | $5,553,511 |
| Aramark Corporation | Food Svcs/catering | $4,232,128 |
Grants received · $60K total
3 grants to Kennedy University Hospital Inc totaling $60K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Heart failure initiative | 2023 | $32,460 |
| Muscular Dystrophy Association | Medical diagnosis | 2014 | $15,300 |
| Patient Access Network Foundation | Patient assistance | 2014 | $11,950 |
Grants made · $21K in FY2020
2 grants totaling $21K in FY2020. All grants made by Kennedy University Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| South Jersey Chamber of Commerce | Program support | $12,000 |
| Cherry Hill Township | Program support | $8,500 |
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Frequently asked questions
- Is Kennedy University Hospital Inc a legitimate nonprofit?
- Yes. Kennedy University Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-1773439, based in Cherry Hill, New Jersey. Donations are tax-deductible.
- What is Kennedy University Hospital Inc's EIN?
- Kennedy University Hospital Inc's Employer Identification Number (EIN) is 22-1773439.
- How much revenue does Kennedy University Hospital Inc report?
- Kennedy University Hospital Inc reported $817,020,277 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Kennedy University Hospital Inc's spending goes to programs?
- Kennedy University Hospital Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Kennedy University Hospital Inc have?
- CharityIndex grades Kennedy University Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Kennedy University Hospital Inc's highest-paid employee make?
- The highest reported compensation on Kennedy University Hospital Inc's latest Form 990 is $656,018, paid to Henry R Schuitema Do (Er Physician).
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Data for Kennedy University Hospital Inc (EIN 22-1773439) 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.