Cause IQ organization profile

Hackensack Meridian Health Inc-Subordinates (HMH)

HMH is a general hospital based in Neptune, NJ that was founded in 1997. As of 2018 they had $2.5 billion in revenue and $3.5 billion in assets.

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

NTEE:

E22: General hospitals

Website:

hackensackmeridianhealth.org

Phone:

844-464-9355

Type:

501(c)(3)

Revenue:

$2,567,369,098

Assets:

$3,503,673,072

Employees:

19,775

Fiscal year end:

December

Founded:

1997

Revenue trends:

Asset trends:

Form 990s for HMH

Fiscal year ending	Date received by IRS	Form	PDF link
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
2013-12	Dec 29, 2014	990	View PDF
...and three more Form 990 PDFs

Financials for HMH

Field	2017	2016	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$7,139,565	$4,148,384	72.1%
Related organizations	$3,970,748	$2,668,715	48.8%
Government grants (contributions)	$9,446,716	$9,919,015	-4.8%
Normal grants, contributions, etc.	$46,542,932	$33,542,905	38.8%
Non-cash contributions	$2,041,778	$2,264,130	-9.8%
Program services	$2,450,131,425	$2,377,954,130	3.0%
Investment income and dividends	$27,672,102	$34,484,502	-19.8%
Tax-exempt bond proceeds	$176,617	$355,519	-50.3%
Royalty revenue	$0	$0
Net rental income	$11,910,055	$11,270,190	5.7%
Net gain from sale of non-inventory assets	$3,096,835	$5,269,477	-41.2%
Net income from fundraising events	$-1,370,803	$0	-999%
Net income from gaming activities	$207,065	$239,233	-13.4%
Net income from sales of inventory	$92,717	$-200	46458.5%
Miscellaneous revenues	$8,353,124	$10,554,633	-20.9%
Total revenues	$2,567,369,098	$2,490,406,503	3.1%

Field	2017	2016	% Change
Grants to govts. and orgs. in USA	$86,069,399	$1,861,645	4523.3%
Grants to individuals in USA	$416,863	$256,870	62.3%
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$23,744,732	$25,593,158	-7.2%
Compensation not included above, to disqualified persons	$1,525,987	$0	999%
Non-officer salaries and wages	$991,876,990	$910,845,245	8.9%
Pension/retirement accruals and contributions	$36,865,197	$34,301,848	7.5%
Other employee benefits	$121,000,928	$108,371,028	11.7%
Payroll taxes	$76,436,211	$70,926,066	7.8%
Management fees	$684,797	$4,374,963	-84.3%
Legal fees	$6,166,390	$4,008,752	53.8%
Accounting fees	$792,750	$893,700	-11.3%
Lobbying fees	$242,702	$420,017	-42.2%
Pro. fundraising fees	$158,064	$160,000	-1.2%
Investment mgmt fees	$1,812,395	$1,893,856	-4.3%
Other fee-for-service	$91,361,137	$201,813,618	-54.7%
Advertising and promotion	$16,624,137	$11,445,233	45.2%
Office expenses	$41,869,987	$69,218,217	-39.5%
Information tech. expenses	$145,530,303	$144,466,824	0.7%
Royalty expenses	$0	$5,343,002	-100%
Occupancy	$59,297,933	$57,472,186	3.2%
Travel	$2,654,530	$3,506,945	-24.3%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$3,062,351	$2,557,960	19.7%
Interest	$39,351,550	$35,701,692	10.2%
Payments to affiliates	$0	$14,050,194	-100%
Depreciation, amortization, etc.	$89,489,900	$84,823,212	5.5%
Insurance	$42,034,208	$36,443,222	15.3%
All other expenses	$501,646,427	$408,449,642	22.8%
Total expenses	$2,380,715,868	$2,239,199,095	6.3%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$70,103	$806,709	-91.3%
Savings, short-term investments, etc.	$358,484,129	$352,818,822	1.6%
Pledges and grants receivable	$46,338,051	$42,179,411	9.9%
Accounts receivable	$240,805,930	$215,465,503	11.8%
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	$41,776,746	$42,559,600	-1.8%
Prepaid expenses and deferred charges	$14,898,861	$12,534,041	18.9%
Buildings, equipment, etc. post-depreciation	$1,274,463,893	$1,167,717,775	9.1%
Investments, publicly traded securities	$456,076,589	$1,136,445,021	-59.9%
Investments, other securities	$73,616,790	$62,780,975	17.3%
Investments, program-related	$225,952,783	$145,832,268	54.9%
Intangible assets	$29,864,438	$29,837,861	0.1%
Other assets	$741,324,759	$170,460,341	334.9%
Total assets	$3,503,673,072	$3,379,438,327	3.7%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$292,622,623	$259,094,272	12.9%
Grants payable	$0	$0
Deferred revenue	$247,271	$2,145,704	-88.5%
Tax-exempt bond liabilities	$0	$696,059,165	-100%
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	$29,633,379	$58,247,494	-49.1%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$1,116,884,627	$608,240,323	83.6%
Total liabilities	$1,439,387,900	$1,623,786,958	-11.4%

Field	2017	2016	% Change
Unrestricted net assets	$1,802,623,906	$1,535,706,443	17.4%
Temporarily restricted net assets	$192,351,684	$154,409,443	24.6%
Permanently restricted net assets	$69,309,582	$65,535,483	5.8%

Social media

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Twitter

Open hmhnewjersey Twitter page

Vendors for HMH

Vendor	Services	Amount paid	Date
Ernst and Young Us LLP	Tax accounting		2019-02-14
██████	Fundraising software		2018-08-29
███████ ███ ████	Fundraising software; Payment processing		2018-08-29
█████████	Content management system software		2018-08-29
██████ ███████████	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
...and three more vendors

Personnel at HMH

Name	Title	Compensation	Most recent data
Robert L Glenning	President Finance and It SVC and Chief Financial Officer / President Finance SVC Div and Chief Financial Officer	$0	Feb. 14, 2019
Andrew L Pecora	President , Phys Services Div , Chief Information Officer	$0	Dec. 31, 2017
██████ █ ██████████	Chairperson and Trustee	$0	Dec. 31, 2017
████████ █ ████████	Secretary and Trustee	$0	Dec. 31, 2017
███████ █ ███████	Vice Chairperson and Trustee	$0	Dec. 31, 2017
████████ █████████	Treasurer and Trustee	$0	Dec. 31, 2017
█████ ███ █████████	Vice Chairperson and Trustee	$0	Dec. 31, 2017
██████ █ ██████████	Chairperson and Trustee	$0	Dec. 31, 2017
██████ █ ██████████	Secretary and Trustee	$0	Dec. 31, 2017
██████ ███████	Secretary and Treasurer and Trustee	$0	Dec. 31, 2017
...and seven more key personnel

Peer general hospitals

	Name	Type	Revenue	Location
1	Cooper University Health Care	501(c)(3)	$1.3 billion	Camden, NJ
2	Virtua - West Jersey Health System	501(c)(3)	$919 million	Marlton, NJ
3	Atlanticare Health System	501(c)(3)	$839 million	Egg Harbor Township, NJ
4	HMH Hospitals Corporation	501(c)(3)	$1.6 billion	Neptune, NJ
5	THE Valley HOSPITAL	501(c)(3)	$707 million	Ridgewood, NJ
6	Saint Barnabas Medical Center	501(c)(3)	$815 million	Livingston, NJ
7	Robert Wood Johnson University Hospital (RWJUH)	501(c)(3)	$1.2 billion	New Brunswick, NJ
8	Mills Peninsula Health Services	501(c)(3)	$659 million	Sacramento, CA
9	Seventh-Day Adventists Loma Linda University Medical Center	501(c)(3)	$1.2 billion	Loma Linda, CA
10	Appalachian Regional Healthcare (ARH)	501(c)(3)	$657 million	Lexington, KY
11	North Carolina Baptist Hospital	501(c)(3)	$1.7 billion	Winstonsalem, NC
12	Renown Regional Medical Center	501(c)(3)	$850 million	Reno, NV
13	Northeast Georgia MEDICAL CENTER (NGHS)	501(c)(3)	$1.1 billion	Gainesville, GA
14	Perelman School of Medicine at the University of Pennsylvania	501(c)(3)	$783 million	Philadelphia, PA
15	Santa Barbara Cottage Hospital (CH)	501(c)(3)	$830 million	Santa Barbara, CA
16	Novant Health Forsyth Medical Center	501(c)(3)	$1.3 billion	Winston Salem, NC
17	North Memorial Health Care	501(c)(3)	$820 million	Robbinsdale, MN
18	Providence Health and Services Oregon	501(c)(3)	$3.4 billion	Renton, WA
19	Christus Spohn Health System Corporation	501(c)(3)	$826 million	Corpus Christi, TX
20	Swedish Medical Center	501(c)(3)	$2.4 billion	Seattle, WA
21	Henry Ford Health System (HFHS)	501(c)(3)	$3.0 billion	Detroit, MI
22	Texas Health Dallas	501(c)(3)	$675 million	Dallas, TX
23	Staten Island University Hospital (SIUH)	501(c)(3)	$948 million	Westbury, NY
24	Sutter Valley Hospitals	501(c)(3)	$3.1 billion	Sacramento, CA
25	Oakwood Healthcare	501(c)(3)	$1.2 billion	Southfield, MI

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