Hunterdon Medical Center
- Assets
- $532.6m
- Revenue
- $347.5m
- Investments
- $0.0
- Employees
- 3,021
- Location
- Flemington, NJ
- Founding
- 09/1953
- Data as of
- 12/2021
- EIN
- 22-1537688
Organization Overview
Hunterdon Medical Center is located in Flemington, NJ. The organization was established in 1953. 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 12/2021, Hunterdon Medical Center employed 3,021 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hunterdon Medical Center 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 12/2021, Hunterdon Medical Center generated $347.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $320.1m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE, PRESERVE & ENHANCE THE HEALTH OF THE COMMUNITY BY PROVIDING A FULL RANGE OF PREVENTIVE, DIAGNOSTIC, HOLISTIC & THERAPEUTIC IP & OP HOSPITAL & COMMUNITY HEALTH SERVICES.
Describe the Organization's Program Activity:
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick J Gavin MPH MBA Trustee - President/ceo | OfficerTrustee | 50 | $1,251,805 |
Neil Hudes Svp, Operations (term 5/1/21) | Officer | 50 | $873,745 |
Lawrence N Grand Evp/coo (term 1/9/21) | Officer | 50 | $825,940 |
Herbert White CFO | Officer | 50 | $529,537 |
Violet T Kocsis Chief Human Resources Officer | Officer | 50 | $527,388 |
Shehzana Ashraf MD Physician | 50 | $493,833 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hunterdon Cardiovascular Associates Medical | 12/30/21 | $8,532,775 |
Symmetry Workforce Staffing | 12/30/21 | $5,035,705 |
Hunterdon Healthcare Llc Medical | 12/30/21 | $2,844,309 |
Pegasus Emergency Group Pa Medical | 12/30/21 | $1,871,075 |
Mayo Collaborative Inc Lab | 12/30/21 | $1,695,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,410,981 |
| Government grants | $3,625,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,194,558 |
| Total Program Service Revenue | $318,867,031 |
| Investment income | $9,440,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$379,657 |
| Net Gain/Loss on Asset Sales | $12,279,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,476,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,155,227 |
| Compensation of current officers, directors, key employees. | $430,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,274,096 |
| Pension plan accruals and contributions | $5,871,262 |
| Other employee benefits | $12,120,381 |
| Payroll taxes | $16,384,444 |
| Fees for services: Management | $1,222,322 |
| Fees for services: Legal | $3,401,584 |
| Fees for services: Accounting | $293,863 |
| Fees for services: Lobbying | $105,556 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,149,448 |
| Advertising and promotion | $1,922,834 |
| Office expenses | $5,740,460 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,883,653 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $825,486 |
| Interest | $3,581,566 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,022,329 |
| Insurance | $4,194,134 |
| All other expenses | $0 |
| Total functional expenses | $320,098,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,499 |
| Savings and temporary cash investments | $29,216,277 |
| Pledges and grants receivable | $3,559,811 |
| Accounts receivable, net | $39,060,582 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,652,429 |
| Prepaid expenses and deferred charges | $7,840,038 |
| Net Land, buildings, and equipment | $142,077,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $218,983,866 |
| Intangible assets | $7,617,040 |
| Other assets | $79,549,083 |
| Total assets | $532,567,059 |
| Accounts payable and accrued expenses | $55,161,224 |
| Grants payable | $0 |
| Deferred revenue | $6,240,702 |
| Tax-exempt bond liabilities | $108,925,539 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,866,524 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,077,927 |
| Total liabilities | $252,271,916 |
| Net assets without donor restrictions | $251,542,635 |
| Net assets with donor restrictions | $28,752,508 |
| 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 | $532,567,059 |
Grants Awarded
Over the last fiscal year, Hunterdon Medical Center has awarded $12,966,482 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Flemington, NJ PURPOSE: GENERAL SUPPORT | $8,206,397 |
Flemington, NJ PURPOSE: GENERAL SUPPORT | $4,760,085 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hunterdon Medical Center has recieved totaling $1,970.
| Awarding Organization | Amount |
|---|---|
Gustaf W Johnson Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $1,970 |
Endowment Analysis
| Beg. Balance | $26,171,783 |
| Earnings | $2,508,657 |
| Ending Balance | $28,680,440 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |