Hackensack Meridian Health Inc-Subordinates
Hackensack Meridian Health Inc-Subordinates reported $8.85 billion in revenue and $8.31 billion in expenses for calendar year 2024. Of every $100 it spent, $89.79 went to program services, $9.92 to management and general costs and $0.29 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.7% of the total. The highest compensation it reported for one person was $13,541,590 (CEO/Trustee). 10,066 people received more than $100,000 in reportable compensation. Revenue rose 59% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $8.31BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $8.85BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.8% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.9% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 2.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.6% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.7% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $13,541,590 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.16% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 10,066 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.5 | 6.6 |
| Independent voting board members Part VI 1a–1b | 186 of 230 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseAcute care: expenses incurred in providing medically necessary acute care services, including inpatient cardiac, pediatrics and rehabilitation services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay. During 2024, there were 160,998 cases resulting in 838,753 patient days
Pharmaceuticals: expenses incurred in providing medically necessary pharmaceutical services and pharmaceuticals, including chemotherapy drugs, to all individuals regardless of race, color, creed, sex, national origin or ability to pay
Operating room: expenses incurred in providing medically necessary operating room services, including plastic surgery, trauma, pediatric and ambulatory surgery, to all individuals regardless of race, color, creed, sex, national origin or ability to pay. During 2024, the organization registered 113,195 surgical operations
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO/Trustee Director/trustee, officer, 57.0 hrs/week | $10,828,094 | $0 | $2,713,496 | $13,541,590 |
| Trustee/Chairperson/COO Director/trustee, officer, 52.0 hrs/week | $5,309,981 | $0 | $749,252 | $6,059,233 |
| Pres, Fin & IT Svcs Div, CFO/Trustee, Secretary/Treasurer Director/trustee, officer, 52.0 hrs/week | $4,506,332 | $0 | $360,181 | $4,866,513 |
| Pres, Population Health Key employee, 52.0 hrs/week | $3,665,554 | $0 | $456,386 | $4,121,940 |
| Pres, Chief Physician Executive Key employee, 52.0 hrs/week | $3,076,319 | $0 | $291,140 | $3,367,459 |
| Pres, Academics, Rsch, & Innov Key employee, 52.0 hrs/week | $3,051,912 | $0 | $210,910 | $3,262,822 |
| EVP, Co-Chief Legal Officer Key employee, 52.0 hrs/week | $2,931,200 | $0 | $221,793 | $3,152,993 |
| Trustee/Pres, N Reg & Pres, CHE, HUMC Director/trustee, 55.0 hrs/week | $2,509,216 | $0 | $436,213 | $2,945,429 |
10,066 people received more than $100,000 in reportable compensation from Hackensack Meridian Health Inc-Subordinates (Part VII, line 2). Compensation of current officers, directors and key employees totaled $83M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b230 · 186 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 542,596
- Volunteers Part I, line 62,193
Correct a figure or respond
Every number above is copied from Hackensack Meridian Health Inc-Subordinates's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hackensack Meridian Health Inc-Subordinates, you can publish a response that is linked from this page.
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Of every $100 Hackensack Meridian Health Inc-Subordinates spent in 2024, $89.79 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Stanford Health CAREStanford, CA · revenue $8.68B · programs 94.8% · FY2025
- The Cleveland Clinic FoundationIndependence, OH · revenue $9.68B · programs 89.7% · 2024
- Vanderbilt University Medical CenterNashville, TN · revenue $8.67B · programs 85.3% · FY2025
- Providence Health & Services - WashingtonRenton, WA · revenue $9.73B · programs 62.9% · 2024
- Memorial Hermann Health SystemHouston, TX · revenue $8.56B · programs 88.1% · FY2025
Questions people ask
How much of Hackensack Meridian Health Inc-Subordinates's spending goes to programs?
In calendar year 2024, Hackensack Meridian Health Inc-Subordinates reported that 89.8% of its $8.31 billion in expenses went to program services, 9.9% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does Hackensack Meridian Health Inc-Subordinates pay its top executive?
The largest total compensation Hackensack Meridian Health Inc-Subordinates reported for one person in calendar year 2024 was $13,541,590, for the role of CEO/Trustee (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Hackensack Meridian Health Inc-Subordinates get its money?
Of $8.85 billion in revenue in calendar year 2024, 2.7% came from contributions and grants (including 1.6% from government grants) and 91.7% from program service revenue (Form 990, Part VIII).
Is Hackensack Meridian Health Inc-Subordinates a registered charity?
The IRS lists EIN 01-0649794 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523199349302402 · read the filing · XML
- 2023: Form 990 for calendar year 2023 (amended), object 202403459349300840 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349326628 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349332830 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113169349305136 · read the filing
- 2019: Form 990 for calendar year 2019, object 202032959349300228 · read the filing
All filings for EIN 01-0649794: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.