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Centrastate Medical Center

Freehold, NJ · EIN 22-1750190 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Centrastate Medical Center reported $401.4 million in revenue and $405.0 million in expenses for calendar year 2024. Of every $100 it spent, $90.00 went to program services, $10.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.8% of the total. The highest compensation it reported for one person was $1,384,071 (TRUSTEE-PRESIDENT/CEO). 519 people received more than $100,000 in reportable compensation. Revenue rose 28% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $405M

For 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 $401M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
90.0%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
10.0%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
1.9%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.4%0.1%
Program service revenue share
Part VIII 2g ÷ 12
96.8%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,384,071$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.34%1.34%
People paid over $100,000
Part VII, line 2
51927
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
8.46.6
Independent voting board members
Part VI 1a–1b
9 of 1888.9%

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 expense
$364M expenses · 100.0% of program spending · revenue $389M

Expenses incurred in providing inpatient, outpatient, emergency and various other medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay and in furtherance of charitable tax-exempt purposes. Please refer to the community benefit statement in schedule o

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
TRUSTEE-PRESIDENT/CEO
Director/trustee, officer, 55.0 hrs/week
$1,317,453$0$66,618$1,384,071
SVP/MEDICAL DIRECTOR
Key employee, 55.0 hrs/week
$647,840$0$41,227$689,067
TRUSTEE
Director/trustee, 50.0 hrs/week
$37,000$513,896$65,409$616,305
SVP/CFO (Term 7/24)
Officer, 55.0 hrs/week
$502,040$0$48,497$550,537
VP QUALITY & PATIENT SAFETY
Key employee, 50.0 hrs/week
$404,966$0$40,235$445,201
VP, PATIENT SERVICES
Key employee, 50.0 hrs/week
$406,581$0$32,642$439,223
MEDICAL DIR. - MENTAL HLTH
Highest compensated employee, 50.0 hrs/week
$387,312$0$40,341$427,653
VP REVENUE CYCLE
Key employee, 50.0 hrs/week
$359,016$0$53,025$412,041

519 people received more than $100,000 in reportable compensation from Centrastate Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.0M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$200M$400M$600M$800M201920202021202220232024$401M$405M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$401M$405M90.0%$283M$1,384,071
2023 ⓘ$384M$387M90.0%$253M$926,522
2022 ⓘ$354M$380M90.0%$233M$1,224,857
2021 ⓘ$349M$344M90.0%$236M$1,274,468
2020 ⓘ$306M$300M90.0%$230M$1,669,910
2019 ⓘ$314M$295M90.0%$220M$1,178,731

Governance 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–1b18 · 9 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 2No
  • 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 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 52,521
  • Volunteers Part I, line 6246

Correct a figure or respond

Every number above is copied from Centrastate Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Centrastate Medical Center, you can publish a response that is linked from this page.

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Questions people ask

How much of Centrastate Medical Center's spending goes to programs?

In calendar year 2024, Centrastate Medical Center reported that 90.0% of its $405.0 million in expenses went to program services, 10.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Centrastate Medical Center pay its top executive?

The largest total compensation Centrastate Medical Center reported for one person in calendar year 2024 was $1,384,071, for the role of TRUSTEE-PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Centrastate Medical Center get its money?

Of $401.4 million in revenue in calendar year 2024, 1.9% came from contributions and grants (including 0.4% from government grants) and 96.8% from program service revenue (Form 990, Part VIII).

Is Centrastate Medical Center a registered charity?

The IRS lists EIN 22-1750190 as a 501(c)(3) organization (hospital or medical research organization), 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 202533169349302283 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202413199349312886 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343179349307189 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202243139349305659 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123169349308822 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202003079349301655 · read the filing

All filings for EIN 22-1750190: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.