Shore Memorial Hospital
83% goes to programs $31 to raise $100 Strong reserves
Shore Memorial Hospital is a 501(c)(3) organization based in Somers Point, New Jersey, registered in 1942, with $267,733,748 in FY2024 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
100 Medical Center Way, Somers Point, NJ, 08244 EIN 21-0660835 Since 1942
Revenue (FY2024)
$267.7M
▲ 10.6% vs prior year
Health median: $840K
Expenses (FY2024)
$225.7M
Net assets
$300.0M
Employees
1,461
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating83% to programs · $31 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 Shore Memorial Hospital: 83% to programs · $31 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +16% 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 Shore Memorial Hospital: 16 mo reserves · +16% 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 Shore Memorial Hospital: 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 Shore Memorial Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To care for & respect all patients, their families & each other.
What they do
Expenses incurred in providing medical necessary same day surgery services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. during 2024, the organization treated 3,660 same day surgery cases. please refer to schedule o for the organization's community benefit statement.
Expenses incurred in providing medical necessary maternal and pediatric inpatient services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. during 2024, the organization had 1,924 discharges for a total of 5,083 patient days. please refer to schedule o for the organization's community benefit statement.
Contact & location
- Address
- 100 Medical Center Way, Somers Point, NJ, 08244
- City
- Somers Point
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $203.8M (FY2013) to $267.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $70.0MNet assets $300.0M
Operating margin
15.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$370.1M
Total liabilities
$70.0M
Net assets
$300.0M
Salaries & benefits
$96.0M
43% of expenses
Board members
20
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $267,733,748▲10.6% | $225,727,927▲5.3% | $300,041,282▲9.7% | $370,087,922▲11.9% | 990 |
| 2023 | $242,052,527▼6.7% | $214,391,243▲2.5% | $273,617,445▲17.7% | $330,786,303▼1.2% | 990 |
| 2022 | $259,330,927▲10.1% | $209,237,761▲5.5% | $232,389,291▲30.4% | $334,920,102▼0.3% | 990 |
| 2021 | $235,602,318▲19.5% | $198,391,739▲14.1% | $178,234,689▲62.3% | $335,831,463▲10.1% | 990 |
| 2020 | $197,090,777▼1.6% | $173,820,615▼4.1% | $109,839,761▲14.7% | $304,994,274▲10.4% | 990 |
| 2019 | $200,237,704▲4.5% | $181,220,987▲2.9% | $95,800,356▲11.9% | $276,330,185▲2.2% | 990 |
| 2018 | $191,681,769▲1.3% | $176,131,650▲0.3% | $85,589,150▲20.6% | $270,432,411▲0.9% | 990 |
| 2017 | $189,200,155▲9.2% | $175,639,940▲1.6% | $70,993,670▲23.8% | $268,014,801▲3.6% | 990 |
| 2016 | $173,199,656▼5.3% | $172,833,197▼4.0% | $57,323,266▼3.7% | $258,598,065▼4.9% | 990 |
| 2015 | $182,927,135▼2.7% | $180,015,829▼4.6% | $59,538,964▲11.8% | $272,000,298▲2.8% | 990 |
| 2014 | $187,931,641▼7.8% | $188,608,105▼9.2% | $53,252,427▼34.4% | $264,620,593▼1.0% | 990 |
| 2013 | $203,843,499 | $207,701,277▼2.9% | $81,232,328▲98.0% | $267,189,486▼7.3% | 990 |
| 2012 | — | $214,006,505▲5.4% | $41,029,638▲23.3% | $288,335,193▼2.2% | 990 |
| 2011 | — | $203,025,065▲3.0% | $33,277,367▼43.2% | $294,764,916▲6.7% | 990 |
| 2010 | — | $197,185,048 | $58,597,603 | $276,272,946 | 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: Ronald W Johnson — $2,029,654 (0.90% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ronald W Johnson | Trustee - Ceo (term 12/24) | 55 | $2,029,654 |
| David R Hughes | Trustee - Pres/ceo (eff 12/24) | 55 | $932,516 |
| Jeanne M Rowe Md | Chief Medical Officer | 55 | $808,580 |
| Frederick L Banner | Chief Information Officer | 55 | $404,379 |
| Daniel Jacoby Md | Hospitalist | 55 | $357,711 |
| Stephen Capecci Do | Hospitalist | 55 | $309,557 |
| Jill Shultz | Cno (eff 2/24) | 55 | $262,791 |
| Robert L Wood | Director of Finance | 55 | $255,316 |
| Matthew Piskun | Vp Amb & Surg Svcs. (eff 5/24) | 55 | $247,046 |
| Vince Azzarello | Vp of Human Res. (eff 1/2/24) | 55 | $232,213 |
| Tihomir Gueorguiev | Rn, Critical Care | 55 | $218,873 |
| Robert Robertson | Admin Director Logistics | 55 | $217,220 |
| Alan L Beatty | Former Key Employee | 55 | $190,758 |
| Holly Badali | Cno (term 2/24) | 55 | $148,604 |
| Angelo Sparagna III Md | Trustee | 1 | — |
| Auggie Cipollini | Trustee | 1 | — |
| Barbara Ridge | Trustee | 1 | — |
| Carmine J Taglialatella Jwc | Trustee | 1 | — |
| Christopher Lucasti Do | Trustee; Ex-officio | 1 | — |
| David Beyel | Chair - Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Unidine Corporation | Food Management | $4,510,137 |
| New Jersey Healthcare Specialists P | Medical | $3,998,980 |
| Xanitos Inc | Cleaning | $3,960,449 |
| Cerner Corporation | It | $3,165,409 |
| Trustees of the University of PA | Medical | $2,327,404 |
Grants received · $184K total
19 grants to Shore Memorial Hospital totaling $184K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Philanthropic Tr | Human services | 2023 | $5,500 |
| Trustees of the University of Pennsylvania | Support prgm srvs | 2022 | $60,000 |
| Donor Advised Charitable Giving | Health | 2022 | $6,500 |
| American Endowment Foundation | Health, general | 2022 | $5,000 |
| Donor Advised Charitable Giving | Health | 2021 | $10,600 |
| Trustees of the University of Pennsylvania | Support program services | 2021 | $10,000 |
| Trustees of the University of Pennsylvania | Support program services | 2021 | $10,000 |
| American Endowment Foundation | General operating support | 2021 | $6,000 |
| Philadelphia Foundation | Covid-19 relief effort | 2020 | $20,000 |
| Donor Advised Charitable Giving | Health | 2020 | $7,250 |
| Donor Advised Charitable Giving | Health | 2020 | $7,250 |
| Community Foundation of New Jersey | General support | 2020 | $5,000 |
| Donor Advised Charitable Giving | Health | 2019 | $6,500 |
| Donor Advised Charitable Giving | Health | 2018 | $11,000 |
| Donor Advised Charitable Giving | Health & human services | 2017 | $6,000 |
Grants made · $126K in FY2024
9 grants totaling $126K in FY2024. All grants made by Shore Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Atlantic Medical Imaging LLC | Program support | $53,434 |
| New Jersey Healthcare Specialists PC | Program support | $12,865 |
| The Premier Surgical Network | Program support | $12,478 |
| Linwood Country Club | Program support | $9,164 |
| Reliance Medical Group LLC | Program support | $9,081 |
| Atlantic County Div of Public Health | Program support | $8,290 |
| Renee Parker Monihan Foundation Inc | Program support | $7,500 |
| Advanced Shore Imaging Assoc LLC | Program support | $7,455 |
| Allied Digestive Health LLC | Program support | $5,585 |
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Frequently asked questions
- Is Shore Memorial Hospital a legitimate nonprofit?
- Yes. Shore Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 21-0660835, based in Somers Point, New Jersey. Donations are tax-deductible.
- What is Shore Memorial Hospital's EIN?
- Shore Memorial Hospital's Employer Identification Number (EIN) is 21-0660835.
- How much revenue does Shore Memorial Hospital report?
- Shore Memorial Hospital reported $267,733,748 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Shore Memorial Hospital's spending goes to programs?
- Shore Memorial Hospital spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Shore Memorial Hospital have?
- CharityIndex grades Shore Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Shore Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Shore Memorial Hospital's latest Form 990 is $2,029,654, paid to Ronald W Johnson (Trustee - Ceo (term 12/24)).
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Data for Shore Memorial Hospital (EIN 21-0660835) 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.