Atlantic Health Systems Inc
- Assets
- $7.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Basking Ridge, NJ
- Founding
- 10/1988
- Data as of
- 12/2019
- EIN
- 22-2888648
Organization Overview
Atlantic Health Systems Inc is located in Basking Ridge, NJ. The organization was established in 1988. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2019, Atlantic Health Systems Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Health Systems 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 12/2019, Atlantic Health Systems Inc generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $23.8m during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INDIVIDUAL AND FAMILIES WITH COMPREHENSIVE, HIGH QUALITY, COST EFFECTIVE HOME AND COMMUNITY HEALTH CARE SERVICES, REGARDLESS OF ABILITY TO PAY, USING PARTNERSHIPS WHERE APPROPRIATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES MANAGEMENT FUNCTION FOR AFFILIATED NOT-FOR-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Powell CEO | Officer | 40 | $548,175 |
Peter Mercer Chair | OfficerTrustee | 1 | $0 |
Reggie Yoskowitz 1st Vice Cha | OfficerTrustee | 1 | $0 |
Elliot Stein 2nd Vice Cha | OfficerTrustee | 1 | $0 |
James Helpinstill Treasurer | OfficerTrustee | 1 | $0 |
Kathy Cummins Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Drinker Biddle & Reath Llp Consultants | 12/30/19 | $549,441 |
Homecare Homebase Consultants | 12/30/19 | $134,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,419,336 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,775,763 |
| Total Program Service Revenue | $0 |
| Investment income | $281,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$713,318 |
| Net Income from Fundraising Events | $49,087 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,235,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,999,238 |
| 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. | $973,925 |
| Compensation of current officers, directors, key employees. | $881,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,052,726 |
| Pension plan accruals and contributions | $415,830 |
| Other employee benefits | $202,079 |
| Payroll taxes | $64,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $570,784 |
| Fees for services: Accounting | $41,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $102,408 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $61,157 |
| Information technology | $191,647 |
| Royalties | $0 |
| Occupancy | $166,765 |
| Travel | $10,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,393 |
| Insurance | $82,425 |
| All other expenses | $301,802 |
| Total functional expenses | $23,784,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,327,937 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,746 |
| 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 | $7,500 |
| Net Land, buildings, and equipment | $134,793 |
| Investments—publicly traded securities | $98,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,263,753 |
| Total assets | $6,955,740 |
| Accounts payable and accrued expenses | $5,456,266 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,456,266 |
| Net assets without donor restrictions | $1,487,466 |
| Net assets with donor restrictions | $12,008 |
| 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 | $6,955,740 |