Cause IQ organization profile

Hackensack Meridian Health Inc-Subordinates (HMH)

HMH is a managed care organization based in Neptune, NJ that was founded in 1997. As of 2019 they had $5.0 billion in revenue and $7.1 billion in assets.They are a child organization of Hackensack Meridian Health.

Hackensack Meridian Health's mission is to provide the full spectrum of life-enhancing care and services to create and sustain healthy, vibrant communities. Their integrated health care network is taking health care in New Jersey life years ahead.

Previous legal names or variations of their name include: Meridian Health System - Subordinates; and Group Return.

EIN:

01-0649794

City:

Neptune

State:

New Jersey

Metro:

New York-Newark-Jersey City, NY-NJ-PA

Website:

hackensackmeridianhealth.org

Phone:

844-464-9355

Facebook:

facebook.com/HackensackMeridianHealth

Twitter:

@hmhnewjersey

Founded:

1997

Type:

501(c)(3)

NTEE:

E31: Managed care organizations and group health practices

Revenue:

$5,087,427,236

Assets:

$7,168,887,311

Employees:

34,655

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at HMH

Providing medically necessary acute care services, including inpatient and outpatient cardiac, plastic surgery, trauma and pediatric and ambulatory surgery to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay. During 2018, there were 165,168 acute care cases resulting in 626,453 patient days.

Providing medically necessary operating room services, including inpatient and outpatient cardiac, plastic surgery, trauma and pediatric and ambulatory surgery to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay. During 2018, there were 100,036 operating room cases resulting in 198,901 patient days.

Providing medically necessary pharmaceutical services, including inpatient and outpatient cardiac, plastic surgery, trauma and pediatric and ambulatory surgery to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay. During 2018, there were 1,126,645 pharmaceutical cases resulting in 1,796,010 patient days.

Form 990s for HMH

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jan 16, 2020	990	View PDF
2017-12	Feb 21, 2019	990	View PDF
2016-12	Jan 18, 2018	990	View PDF
2015-12	Apr 10, 2017	990	View PDF
2014-12	Feb 10, 2016	990	View PDF
...and five more Form 990 PDFs

Financials for HMH

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$8,138,615	$7,139,565	14.0%
Related organizations	$23,478,792	$3,970,748	491.3%
Government grants (contributions)	$30,926,531	$9,446,716	227.4%
Normal grants, contributions, etc.	$13,600,190	$46,542,932	-70.8%
<em>Non-cash contributions included in above</em>	$1,312,899	$2,041,778	-35.7%
Total grants, contributions, etc.	$76,144,128	$67,099,961	13.5%

Field	2018	2017	% Change
Total grants, contributions, etc.	$76,144,128	$67,099,961	13.5%
Program services	$4,893,893,418	$2,450,131,425	99.7%
Investment income and dividends	$71,908,028	$27,672,102	159.9%
Tax-exempt bond proceeds	$383,625	$176,617	117.2%
Royalty revenue	$0	$0
Net rental income	$10,521,630	$11,910,055	-11.7%
Net gain from sale of non-inventory assets	$6,068,928	$3,096,835	96.0%
Net income from fundraising events	$-3,150,376	$-1,370,803	-129.8%
Net income from gaming activities	$157,224	$207,065	-24.1%
Net income from sales of inventory	$1,089,253	$92,717	1074.8%
Miscellaneous revenues	$30,411,378	$8,353,124	264.1%
Total revenues	$5,087,427,236	$2,567,369,098	98.2%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$230,011,984	$86,069,399	167.2%
Grants to individuals in USA	$616,566	$416,863	47.9%
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$50,871,548	$23,744,732	114.2%
Compensation not included above, to disqualified persons	$4,160,742	$1,525,987	172.7%
Non-officer salaries and wages	$1,942,196,131	$991,876,990	95.8%
Pension/retirement accruals and contributions	$86,096,842	$36,865,197	133.5%
Other employee benefits	$191,299,924	$121,000,928	58.1%
Payroll taxes	$145,030,815	$76,436,211	89.7%
Management fees	$23,237,756	$684,797	3293.4%
Legal fees	$15,026,663	$6,166,390	143.7%
Accounting fees	$31,177,108	$792,750	3832.8%
Lobbying fees	$1,141,122	$242,702	370.2%
Pro. fundraising fees	$0	$158,064	-100%
Investment mgmt fees	$192,753	$1,812,395	-89.4%
Other fee-for-service	$94,648,369	$91,361,137	3.6%
Advertising and promotion	$38,916,743	$16,624,137	134.1%
Office expenses	$33,369,784	$41,869,987	-20.3%
Information tech. expenses	$23,037,003	$145,530,303	-84.2%
Royalty expenses	$0	$0
Occupancy	$106,931,059	$59,297,933	80.3%
Travel	$9,626,511	$2,654,530	262.6%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$9,943,241	$3,062,351	224.7%
Interest	$72,210,408	$39,351,550	83.5%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$188,769,704	$89,489,900	110.9%
Insurance	$40,619,469	$42,034,208	-3.4%
All other expenses	$1,435,078,603	$501,646,427	186.1%
Total expenses	$4,774,210,848	$2,380,715,868	100.5%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$104,144	$70,103	48.6%
Savings, short-term investments, etc.	$874,310,013	$358,484,129	143.9%
Pledges and grants receivable	$54,101,339	$46,338,051	16.8%
Accounts receivable	$493,365,240	$240,805,930	104.9%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$102,476,937	$41,776,746	145.3%
Prepaid expenses and deferred charges	$50,969,883	$14,898,861	242.1%
Buildings, equipment, etc. post-depreciation	$2,521,154,631	$1,274,463,893	97.8%
Investments, publicly traded securities	$203,990,601	$456,076,589	-55.3%
Investments, other securities	$58,582,906	$73,616,790	-20.4%
Investments, program-related	$417,466,771	$225,952,783	84.8%
Intangible assets	$25,580,211	$29,864,438	-14.3%
Other assets	$2,366,784,635	$741,324,759	219.3%
Total assets	$7,168,887,311	$3,503,673,072	104.6%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$685,260,330	$292,622,623	134.2%
Grants payable	$0	$0
Deferred revenue	$46,811,835	$247,271	18831.4%
Tax-exempt bond liabilities	$15,701,126	$0	999%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$159,379,387	$29,633,379	437.8%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$2,960,521,587	$1,116,884,627	165.1%
Total liabilities	$3,867,674,265	$1,439,387,900	168.7%

Field	2018	2017	% Change
Unrestricted net assets	$2,918,653,963	$1,802,623,906	61.9%
Temporarily restricted net assets	$285,952,828	$192,351,684	48.7%
Permanently restricted net assets	$96,606,255	$69,309,582	39.4%

Vendors for HMH

Vendor	Services	Amount paid	Date
MailChimp	Marketing software		2020-03-04
█████████	Content management system software		2020-03-04
█████ ███ █████ ██ ███	Tax accounting		2019-02-14
██████ ███████████	It	$4,132,761	2017-12-01
█████████ ████ ███████ █████ ███	Medical	$5,104,088	2017-12-01
█ █ ████████ ██ ███	Construction	$53,279,082	2017-12-01
███ █████████ ██████████████	Marketing	$13,687,162	2017-12-01
███ █████████ █████ ███	Fundraising Consulting	$158,064	2017-12-01
...and two more vendors

Personnel at HMH

Name	Title	Compensation	Most recent data
Mark S. Stauder	Chief Operating Officer	-	May 20, 2020
Robert Glenning	Chief Financial Officer	$0	May 20, 2020
█████ ███████	Senior Vice President, Chief Marketing Officer	-	May 20, 2020
█████ █████ █████	Executive Vice President, Chief Information Officer	-	May 20, 2020
███████ ██ ███████	Senior Vice President, School of Medicine Development and Co - Chief Administrator	-	May 20, 2020
█████ ██ ███████	Regional President, Northern Market, Foundation Chief Development Officer	-	May 20, 2020
██████ ██████	Regional President , Southern Market , Foundation Chief Development Officer / President and Trustee	$573,448	May 20, 2020
█████ ██ █████████████████	Executive Vice President, Chief Experience and Chief Human Resources Officer	$0	May 20, 2020
███████ ██ ████████	Executive Vice President, Chief Nurse Executive	-	May 20, 2020
█████ ██████	Executive Vice President, Chief Strategy Officer	$0	May 20, 2020
...and 23 more key personnel

Peer managed care organizations and group health practices

	Name	Type	Revenue	Location
1	The Cooper Health System - A New Jersey Non-Profit Corporation Group	501(c)(3)	$1.3 billion	Camden, NJ
2	Sutter Bay Medical Foundation (PAMF)	501(c)(3)	$2.8 billion	Sacramento, CA
3	Emory Group Return	501(c)(3)	$1.9 billion	Atlanta, GA
4	Sutter Health	501(c)(3)	$1.7 billion	Sacramento, CA
5	Cleveland Clinic	501(c)(3)	$10 billion	Independence, OH
6	Partners HealthCare	501(c)(3)	$13 billion	Somerville, MA
7	Mayo Clinic Hospital-Rochester	501(c)(3)	$2.0 billion	Rochester, MN
8	UMass Memorial Health Care Inc & Affiliates	501(c)(3)	$2.4 billion	Worcester, MA
9	HMH Hospitals Corporation	501(c)(3)	$1.6 billion	Neptune, NJ
10	Robert Wood Johnson University Hospital (RWJUH)	501(c)(3)	$1.3 billion	New Brunswick, NJ
11	Cooper University Health Care	501(c)(3)	$1.3 billion	Camden, NJ
12	Atlantic Health System Inc Group Return	501(c)(3)	$2.9 billion	Morristown, NJ
13	Sanford Tax Group	501(c)(3)	$2.0 billion	Sioux Falls, SD
14	Mount Carmel Health System	501(c)(3)	$1.3 billion	Columbus, OH
15	West Penn Allegheny Health System (AHN)	501(c)(3)	$1.3 billion	Pittsburgh, PA
16	Aurora Health Care Inc Group Return	501(c)(3)	$4.7 billion	Milwaukee, WI
17	Riverside Healthcare Association Inc Group	501(c)(3)	$1.5 billion	Newport News, VA
18	Cincinnati Children's Hospital Medical Center (CCHMC)	501(c)(3)	$2.4 billion	Cincinnati, OH
19	BJC Health System	501(c)(3)	$4.9 billion	St Louis, MO
20	Vanderbilt University Medical Center	501(c)(3)	$4.1 billion	Nashville, TN
21	The Nemours Foundation	501(c)(3)	$1.4 billion	Jacksonville, FL
22	The Nebraska Medical Center	501(c)(3)	$1.3 billion	Omaha, NE
23	Mayo Clinic	501(c)(3)	$6.1 billion	Rochester, MN
24	University of Pennsylvania (Penn)	501(c)(3)	$7.2 billion	Philadelphia, PA
25	Boston Children's Hospital / Children's Hospital Corporation	501(c)(3)	$2.0 billion	Boston, MA

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Cause IQ organization profile

Hackensack Meridian Health Inc-Subordinates (HMH)

Program areas at HMH

Form 990s for HMH

Financials for HMH

Vendors for HMH

Personnel at HMH

Peer managed care organizations and group health practices

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