Virtua Our Lady of Lourdes Hospital Inc
88% goes to programs $0 to raise $100 Growing revenue
Virtua Our Lady of Lourdes Hospital Inc is a 501(c)(3) organization based in Marlton, New Jersey, registered in 1946, with $558,118,651 in FY2024 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
406 Lippincott Dr Ste J, Marlton, NJ, 08053 EIN 21-0635001 Since 1946
Revenue (FY2024)
$558.1M
▲ 15.1% vs prior year
Health median: $840K
Expenses (FY2024)
$550.8M
Net assets
$191.0M
Employees
2,524
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 rating88% 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 Virtua Our Lady of Lourdes Hospital Inc: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +1% 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 Virtua Our Lady of Lourdes Hospital Inc: 4 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Virtua Our Lady of Lourdes Hospital Inc: 5 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 Virtua Our Lady of Lourdes Hospital Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Our mission is to help the community to be well, get well and stay well.
What they do
Medical education - virtua our lady of lourdes hospital is one of the region's leading healthcare providers, recognized nationally for excellence in clinical care and service to the community. our intern and resident education programs help develop and train leaders in medicine. virtua's residency programs (obstetrics and gynecology, family medicine, pharmacy, and podiatry) and fellowship (cardiology) are dedicated to provide rewarding experiences.
Charity care - under the guidance of its community based board of trustees and the support of the physicians on its open medical staff, virtua our lady of lourdes hospital provides medically necessary services to individuals irrespective of their ability to pay. programs are in place to identify and provide financial assistance to those in need. some patients will qualify for charity care assistance under state of new jersey defined eligibility criteria. virtua our lady of lourdes hospital augments the state's program with its own assistance program for which the criteria is less restrictive than that of the state program, providing assistance to individuals earning up to 500% of the federal poverty guidelines. management estimates the total cost of charity care provided during 2023 to be approximately $12.0 million.
Benefit operations:expense of $2,118,961revenue of $562,934subsidized health services: provide several outpatient services to meet community need.expense of $1,335,625revenue of $519,814research: preformed oncology clinical research studies.expense of $237,478revenue of $5,133financial and in-kind contributions: provided contributions to non-profit communities and healthcare organizations throughout camden and gloucester counties. also provided meeting spaces to organizations and medical supplies to families in need.expense of $159,368revenue of $905community building activities: held events throughout the year to feed and provide presents to many families in need.expense of $289,116revenue of $172,309providing functional patient services for the hospitalsexpense of $328,309,817revenue of $469,358,464
Contact & location
- Address
- 406 Lippincott Dr Ste J, Marlton, NJ, 08053
- City
- Marlton
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $298.1M (FY2013) to $558.1M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $144.5MNet assets $191.0M
Operating margin
1.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$335.5M
Total liabilities
$144.5M
Net assets
$191.0M
Salaries & benefits
$187.2M
34% of expenses
Board members
6
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $558,118,651▲15.1% | $550,775,116▲16.2% | $191,000,099▲16.0% | $335,531,708▲11.2% | 990 |
| 2023 | $485,053,756▲6.2% | $474,071,212▲9.7% | $164,709,360▲24.2% | $301,609,880▲6.3% | 990 |
| 2022 | $456,624,863▲11.4% | $432,093,606▲14.8% | $132,648,397▲24.2% | $283,727,300▲0.4% | 990 |
| 2021 | $410,021,103▲13.3% | $376,270,389▲13.3% | $106,759,763▲83.3% | $282,703,605▲9.5% | 990 |
| 2020 | $361,953,090▲10.1% | $331,992,878▼27.0% | $58,253,665▲164% | $258,143,821▲174% | 990 |
| 2018 | $328,773,403▼2.3% | $455,064,256▲42.2% | -$91,339,928▼176% | $94,292,699▼70.4% | 990 |
| 2017 | $336,503,623▼0.5% | $319,926,096▲0.6% | $119,577,414▼21.0% | $318,859,710▼9.7% | 990 |
| 2016 | $338,288,194▲2.9% | $317,979,107▲5.0% | $151,421,469▼35.4% | $353,189,780▼15.3% | 990 |
| 2015 | $328,621,894▲6.5% | $302,768,922▲8.0% | $234,384,453▲14.4% | $416,993,096▲5.2% | 990 |
| 2014 | $308,500,845▲3.5% | $280,375,996▼1.3% | $204,967,813▲14.3% | $396,521,312▲4.6% | 990 |
| 2013 | $298,110,655 | $284,042,997▲3.9% | $179,274,963▲22.9% | $379,214,343▲30.2% | 990 |
| 2012 | — | $273,376,690▲5.1% | $145,920,350▲25.9% | $291,311,331▲5.2% | 990 |
| 2011 | — | $260,013,204▼1.7% | $115,899,785▲0.5% | $276,789,234▲7.8% | 990 |
| 2010 | — | $264,568,271 | $115,338,758 | $256,713,014 | 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: Alan Pope — $577,868 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan Pope | Vp Cmo - Lourdes Hospital | 40 | $577,868 |
| Lisa C Ferraro Start 21224 | Trustee - Lourdes Hospital President | 36.4 | $526,328 |
| Christine Denise Palms | Svp Tertiary Services & Planning | 36.2 | $352,537 |
| Karen Magarelli End 41224 | Vp Cno - Lourdes Hospital | 11.3 | $319,678 |
| Lannae Ewing | Vp Cardiac Operations | 40 | $282,544 |
| Mark Petracci | Perfusionist Supervisor | 40 | $279,732 |
| Mary A Mccormick | Vp Cno - Lourdes Hospital | 29.7 | $184,262 |
| Mark P Nessel End 2324 | Trustee - Svp & Coo - Voorhees & Marlton Hospital | 3.8 | $49,114 |
| Chun W Choi | Trustee - Vp Clinical Operations | 0.1 | — |
| Dennis W Pullin | President/ceo | 0 | — |
| John M Matsinger | Evp/coo | 0 | — |
| Lauren Rowinski | Secretary - Svp & Chief Legal Officer | 0 | — |
| Michael Driscoll | Trustee - Lead Physician | 0.1 | — |
| Reginald J Blaber End 123124 | Trustee - Evp/cco | 0.1 | — |
| Robert M Segin | Evp/cfo | 0 | — |
| Thomas Fanelle | Chair | 0.1 | — |
Top vendors & contractors (FY2018)
| Contractor | Services | Paid |
|---|---|---|
| Mid Atlantic Anesthesia Assoc | Health Care Services | $6,430,201 |
| Rowan University | Health Care Services | $4,704,338 |
| Strive Physical Therapy and Sp | Health Care Services | $2,690,501 |
| Emcare Inc | Health Care Services | $2,529,516 |
| Lourdes Imaging Associates | Health Care Services | $2,491,511 |
Grants received · $110K total
7 grants to Virtua Our Lady of Lourdes Hospital Inc totaling $110K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Way of Greater Philadelphia and Southern New Jersey | — | 2021 | $17,500 |
| United Way of Greater Philadelphia and Southern New Jersey | Donor designation | 2020 | $13,125 |
| United Way of Greater Philadelphia and Southern New Jersey | Donor designation | 2019 | $14,884 |
| United Way of Greater Philadelphia and Southern New Jersey | — | 2018 | $30,061 |
| United Way of Greater Philadelphia and Southern New Jersey | — | 2017 | $9,024 |
| United Way of Greater Philadelphia and Southern New Jersey | — | 2016 | $16,758 |
| United Way of Greater Philadelphia and Southern New Jersey | Donor designations | 2015 | $9,002 |
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Frequently asked questions
- Is Virtua Our Lady of Lourdes Hospital Inc a legitimate nonprofit?
- Yes. Virtua Our Lady of Lourdes Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 21-0635001, based in Marlton, New Jersey. Donations are tax-deductible.
- What is Virtua Our Lady of Lourdes Hospital Inc's EIN?
- Virtua Our Lady of Lourdes Hospital Inc's Employer Identification Number (EIN) is 21-0635001.
- How much revenue does Virtua Our Lady of Lourdes Hospital Inc report?
- Virtua Our Lady of Lourdes Hospital Inc reported $558,118,651 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Virtua Our Lady of Lourdes Hospital Inc's spending goes to programs?
- Virtua Our Lady of Lourdes Hospital Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Virtua Our Lady of Lourdes Hospital Inc have?
- CharityIndex grades Virtua Our Lady of Lourdes Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Virtua Our Lady of Lourdes Hospital Inc's highest-paid employee make?
- The highest reported compensation on Virtua Our Lady of Lourdes Hospital Inc's latest Form 990 is $577,868, paid to Alan Pope (Vp Cmo - Lourdes Hospital).
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Data for Virtua Our Lady of Lourdes Hospital Inc (EIN 21-0635001) 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.