Inspira Medical Centers Inc
- Assets
- $1.9b
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 8,681
- Location
- Bridgeton, NJ
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 21-0634484
Organization Overview
Inspira Medical Centers Inc is located in Bridgeton, NJ. The organization was established in 1996. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Inspira Medical Centers Inc employed 8,681 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspira Medical Centers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Inspira Medical Centers Inc generated $1.1b in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.1b during the year ending 12/2023. While expenses have increased by 11.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Inspira Medical Centers Inc has awarded 62 individual grants totaling $1,209,299. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SAFE AND COMPASSIONATE EXPERIENCE THAT IMPROVES THE HEALTH AND WELL-BEING OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY MEDICALLY NECESSARY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT (STATEMENT OF PROGRAM SERVICES) WHICH INCLUDES DETAILED INFORMATION REGARDING THE VARIOUS SERVICES PROVIDED BY THIS ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mansue Trustee - President & CEO | OfficerTrustee | 55 | $1,608,291 |
Warren E Moore Fache Evp & COO | Officer | 55 | $1,323,362 |
Thomas P Baldosaro CPA Former Officer | 55 | $1,037,773 | |
Elizabeth A Sheridan Cao-Elmer & Vineland(trm 3/23) | Officer | 55 | $783,188 |
Tony S Reed Mdphdmba SVP Chief Quality&exp Officer | Officer | 55 | $626,276 |
William D Pelino CPA MBA SVP & CFO (eff 2/23) | Officer | 55 | $591,179 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Symmetry Workforce Solutions Staffing | 12/30/23 | $32,769,548 |
Quest Diagnostics Laboratory | 12/30/23 | $19,847,706 |
Hunter Roberts Construction Group Construction | 12/30/23 | $28,227,416 |
Cooper University Physicians Medical | 12/30/23 | $16,100,631 |
Philips Healthcare Equip Maintenance | 12/30/23 | $10,773,596 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,632,845 |
| Government grants | $24,784,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,417,483 |
| Total Program Service Revenue | $1,067,115,713 |
| Investment income | $21,868,640 |
| Tax Exempt Bond Proceeds | $442 |
| Royalties | $0 |
| Net Rental Income | -$1,586,343 |
| Net Gain/Loss on Asset Sales | $11,194,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $345,092 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,132,322,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $602,848 |
| Grants and other assistance to domestic individuals. | $50,823 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,223,987 |
| Compensation of current officers, directors, key employees. | $1,022,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $475,957,192 |
| Pension plan accruals and contributions | $25,086,618 |
| Other employee benefits | $53,253,791 |
| Payroll taxes | $45,399,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,930,945 |
| Fees for services: Accounting | $171,250 |
| Fees for services: Lobbying | $233,424 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,839,352 |
| Fees for services: Other | $78,514,325 |
| Advertising and promotion | $3,853,104 |
| Office expenses | $14,408,267 |
| Information technology | $25,721,630 |
| Royalties | $0 |
| Occupancy | $19,260,432 |
| Travel | $1,496,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $531,690 |
| Interest | $18,359,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,217,939 |
| Insurance | $10,427,034 |
| All other expenses | $25,700,212 |
| Total functional expenses | $1,083,547,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,263 |
| Savings and temporary cash investments | $16,474,724 |
| Pledges and grants receivable | $3,560,652 |
| Accounts receivable, net | $133,390,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,550,666 |
| Prepaid expenses and deferred charges | $17,677,188 |
| Net Land, buildings, and equipment | $753,206,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $754,198,356 |
| Intangible assets | $18,935,231 |
| Other assets | $185,605,873 |
| Total assets | $1,905,620,128 |
| Accounts payable and accrued expenses | $177,582,630 |
| Grants payable | $0 |
| Deferred revenue | $6,012,830 |
| Tax-exempt bond liabilities | $460,201,665 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,876,405 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $161,410,340 |
| Total liabilities | $807,083,870 |
| Net assets without donor restrictions | $1,089,726,685 |
| Net assets with donor restrictions | $8,809,573 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,905,620,128 |
Grants Awarded
Over the last fiscal year, Inspira Medical Centers Inc has awarded $278,510 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
M25 INITIATIVE PURPOSE: PROGRAM SUPPORT | $56,000 |
THE COOPER FOUNDATION PURPOSE: PROGRAM SUPPORT | $40,000 |
GATEWAY COMMUNITY ACTION PARTNERSHIP PURPOSE: PROGRAM SUPPORT | $30,250 |
BOYS AND GIRLS CLUB OF PURPOSE: PROGRAM SUPPORT | $29,800 |
FOOD BANK OF SOUTH JERSEY PURPOSE: PROGRAM SUPPORT | $16,500 |
CHAMBER OF COMMERCE OF SOUTH JERSEY PURPOSE: PROGRAM SUPPORT | $15,500 |