Inspira Health Network Inc
- Assets
- $108.2m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgeton, NJ
- Founding
- 12/1988
- Data as of
- 12/2023
- EIN
- 22-2508425
Organization Overview
Inspira Health Network Inc is located in Bridgeton, NJ. The organization was established in 1988. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspira Health Network 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 Health Network Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 10.6% 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.
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 FUNCTIONING AS THE TAX-EXEMPT PARENT ORGANIZATION OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES INSPIRA MEDICAL CENTERS, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mansue Trustee - President & CEO | OfficerTrustee | 55 | $0 |
Warren E Moore Fache Evp & COO | Officer | 55 | $0 |
Thomas P Baldosaro CPA Former Officer | 0 | $0 | |
Tony S Reed Mdphdmba SVP Chief Quality&exp Officer | Officer | 55 | $0 |
William D Pelino CPA MBA SVP & CFO (eff 2/6/23) | Officer | 55 | $0 |
Matthew K Doonan ESQ SVP & Chief Legal Officer | Officer | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Captis Health Llc Consulting | 12/30/19 | $542,755 |
Press Ganey Associates Inc Consulting/advisory | 12/30/19 | $113,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,340,948 |
| 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 | $5,340,948 |
| Total Program Service Revenue | $673,976 |
| Investment income | $2,359,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,455,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,250,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,113 |
| Fees for services: Other | $90,426 |
| Advertising and promotion | $0 |
| Office expenses | $34,865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $607,645 |
| Travel | $5,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $811,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,859 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,071,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,501,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,863 |
| Net Land, buildings, and equipment | $4,129,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $93,309,654 |
| Intangible assets | $0 |
| Other assets | $6,268,383 |
| Total assets | $108,247,489 |
| Accounts payable and accrued expenses | $482,222 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,278,284 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $776,631 |
| Total liabilities | $15,537,137 |
| Net assets without donor restrictions | $92,710,352 |
| Net assets with donor restrictions | $0 |
| 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 | $108,247,489 |
Grants Awarded
Over the last fiscal year, Inspira Health Network Inc has awarded $5,250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SALEM COUNTY HOSPITAL CORP PURPOSE: PROGRAM SUPPORT | $4,000,000 |
INSPIRA MEDICAL CENTERS INC PURPOSE: PROGRAM SUPPORT | $1,250,000 |