Hackensack Meridian Health
Hackensack Meridian Health reported $271.3 million in revenue and $99.9 million in expenses for calendar year 2024. Of every $100 it spent, $99.78 went to program services, $0.22 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 47.2% of the total. Government grants made up 35.3%. The highest compensation it reported for one person was $13,541,590 (CEO/Trustee). Revenue rose 95% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $100MFor 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 $271MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.8% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.2% | 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 | 35.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 35.3% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 15.3% | 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) | 13.56% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 149.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 27 of 28 | 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 expenseHealth partners: promote a clinically integrated network of health care providers with the goal of improving health outcomes, reducing health care costs, and enhancing patient experience
Accountable care organizations: promote evidence-based medicine, patient engagement, care coordination, and the development of an infrastructure for accountable care organization providers to internally report on quality and cost metrics
Health care services: providing various other medically necessary healthcare services, such as emergency department, obstetrics & newborns, chemotherapy, oncology, behavioral health, etc., to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay
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, 3.0 hrs/week | $0 | $10,828,094 | $2,713,496 | $13,541,590 |
| Chief Operating Officer Key employee, 3.0 hrs/week | $0 | $5,309,981 | $749,252 | $6,059,233 |
| Pres, Fin & IT Svcs Div, CFO Officer, 3.0 hrs/week | $0 | $4,506,332 | $360,181 | $4,866,513 |
| Pres, Population Health Key employee, 3.0 hrs/week | $0 | $3,665,554 | $456,386 | $4,121,940 |
| Pres, Chief Physician Executive Key employee, 3.0 hrs/week | $0 | $3,076,319 | $291,140 | $3,367,459 |
| Pres, Academics, Rsch, & Innov Key employee, 3.0 hrs/week | $0 | $3,051,912 | $210,910 | $3,262,822 |
| EVP, Co-Chief Legal Officer Key employee, 3.0 hrs/week | $0 | $2,931,200 | $221,793 | $3,152,993 |
| EVP, Co-Chief Legal Officer Key employee, 3.0 hrs/week | $0 | $2,522,831 | $288,738 | $2,811,569 |
0 people received more than $100,000 in reportable compensation from Hackensack Meridian Health (Part VII, line 2).
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–1b28 · 27 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 4No
- 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 50
- Volunteers Part I, line 627
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| MED-METRIX LLC Medical a/r collection | $36,034,289 |
| CPS SOLUTIONS LLC Medical | $21,883,455 |
| REGIONAL CANCER CARE ASSOCIATES LLC Medical | $17,359,376 |
| NTT DATA SERVICES LLC Consulting | $16,916,490 |
| DIVURGENT LLC Consulting | $13,795,147 |
Individuals listed as contractors are left out. 635 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Hackensack Meridian Health'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, you can publish a response that is linked from this page.
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Of every $100 Hackensack Meridian Health spent in 2024, $99.78 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Hackensack Meridian Health's spending goes to programs?
In calendar year 2024, Hackensack Meridian Health reported that 99.8% of its $99.9 million in expenses went to program services, 0.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Hackensack Meridian Health pay its top executive?
The largest total compensation Hackensack Meridian Health 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 get its money?
Of $271.3 million in revenue in calendar year 2024, 35.3% came from contributions and grants (including 35.3% from government grants) and 15.3% from program service revenue (Form 990, Part VIII).
Is Hackensack Meridian Health a registered charity?
The IRS lists EIN 22-3474145 as a 501(c)(3) organization (supporting organization, type iii functionally integrated), 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 202513199349300631 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349310429 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343199349326714 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233199349332338 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123169349306352 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043189349306549 · read the filing
All filings for EIN 22-3474145: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.