Hackensack Meridian Health Inc

Organization Overview

Hackensack Meridian Health Inc is located in Neptune, NJ. The organization was established in 1996. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2018, Hackensack Meridian Health Inc employed 1,251 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hackensack Meridian Health 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 12/2018, Hackensack Meridian Health Inc generated $79.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $82.0m during the year ending 12/2018. While expenses have increased by 3.5% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

HMH CARRIER CLINIC'S PRIMARY ACTIVITIES ARE INPATIENT AND ADOLESCENT RESIDENTIAL PSYCHIATRIC TREATMENT, SUBSTANCE ABUSE TREATMENT AND REHABILITATION, AND SPECIAL EDUCATION FOR ADOLESCENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PSYCHIATRIC HOSPITAL PROVIDED SPECIALIZED MENTAL HEALTH TREATMENT PROGRAMS TO 5,091 INPATIENTS AND HAD A TOTAL OF 55,991 PATIENTS DAYS.


OTHER PROGRAMS OF NOTE TO THE COMMUNITY - RESIDENTIAL SERVICES, WHICH INCLUDE EAST MOUNTAIN YOUTH LODGE, SWAN LODGE, SUNFLOWER LODGE, AND LOTUS LODGE FOR EMOTIONALLY DISTURBED ADOLESCENTS, CARED FOR 112 RESIDENTS AND HAD A TOTAL OF 27,331 PATIENT DAYS.


EAST MOUNTAIN SCHOOL PROVIDED QUALITY SPECIAL EDUCATION AND THERAPEUTIC SERVICES FOR 218 ADOLESCENTS AFFECTED BY BEHAVIORAL AND PSYCHIATRIC DISORDERS.


BLAKE RECOVERY CENTER PROVIDED SPECIALIZED TREATMENT AND REHABILITATION PROGRAMS FOR SUBSTANCE ABUSE TO 1,250 INPATIENTS AND HAD A TOTAL OF 10,610 PATIENT DAYS.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas G Amato
Chairperson
$0
Carol L Holzer Lcsw
Vice Chairperson
$0
Timothy Howes ESQ
Secretary
$0
Chrsitian Bormann
Trustee
$0
Ann Damsgaard
Trustee
$0
Nick Hilton
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sodexo Inc & Affiliates
Dietary & Housekeeping
$2,780,692
Mccarter & English Llp
Legal Services
$822,653
Drinker Biddle & Reath Llp
Legal Services
$554,437
New Advanced Medical Services Group
Internal Medicine
$473,575
Kpmg Llp
Auditing Services
$224,049
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$76,699
Related organizations$0
Government grants $0
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$76,699
Total Program Service Revenue$77,112,617
Investment income $578,119
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $852,651
Net Income from Fundraising Events $1,154
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $79,547,655

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