R W J Barnabas Health Inc
- Assets
- $522.1m
- Revenue
- $391.6m
- Investments
- $0.0
- Employees
- 3,116
- Location
- Toms River, NJ
- Founding
- 02/1997
- Data as of
- 12/2018
- EIN
- 22-3452306
Organization Overview
R W J Barnabas Health Inc is located in Toms River, NJ. The organization was established in 1997. 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 12/2020, R W J Barnabas Health Inc employed 3,116 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. R W J Barnabas 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, R W J Barnabas Health Inc generated $391.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $371.0m during the year ending 12/2018. While expenses have increased by 2.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
HOSPITAL SERVING OCEAN COUNTY AND IS COMMITTED TO ENHANCING THE OVERALL HEALTH STATUS OF THE COMMUNITY BY PROVIDING THE HIGHEST QUALITY HEALTHCARE AND RELATED SERVICES.
Describe the Organization's Program Activity:
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY ONCOLOGY SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 9,996 ONCOLOGY SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY CARDIOVASCULAR SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 14,276 CARDIOVASCULAR SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY OBSERVATION SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 14,154 OBSERVATION SERVICES PROCEDURES. 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 |
|---|---|---|---|
Thomas Hourigan Chairman - Trustee | OfficerTrustee | 1 | $0 |
Donald Jump CPA Vice Chairman - Trustee | OfficerTrustee | 1 | $0 |
Gary V Lotano Secretary - Trustee | OfficerTrustee | 1 | $0 |
David Rosen Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Jerry P Boisseau Trustee | Trustee | 1 | $0 |
Sandy S Broughton Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barnabas Health Inc Management | 12/30/18 | $39,058,895 |
Sbc Management Corporation Management | 12/30/18 | $4,338,032 |
Rea Management Llc Cyber Knife | 12/30/18 | $3,607,094 |
Emergency Medical Associates Of Nj Medical | 12/30/18 | $1,715,134 |
Intensivists At Toms River Medical | 12/30/18 | $1,433,445 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $819,172 |
| Government grants | $568,463 |
| 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 | $1,387,635 |
| Total Program Service Revenue | $389,516,422 |
| Investment income | $49,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,408 |
| Net Gain/Loss on Asset Sales | -$36,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,553,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,006,319 |
| Compensation of current officers, directors, key employees. | $400,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,263,076 |
| Pension plan accruals and contributions | $6,333,301 |
| Other employee benefits | $9,964,990 |
| Payroll taxes | $11,733,607 |
| Fees for services: Management | $43,396,927 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $23,364 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,692,935 |
| Advertising and promotion | $1,076 |
| Office expenses | $7,627,854 |
| Information technology | $1,212,801 |
| Royalties | $0 |
| Occupancy | $6,148,271 |
| Travel | $89,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,196,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,433,512 |
| Insurance | $4,568,273 |
| All other expenses | $452,722 |
| Total functional expenses | $370,977,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $266,028 |
| Accounts receivable, net | $34,647,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,493,597 |
| Prepaid expenses and deferred charges | $2,697,285 |
| Net Land, buildings, and equipment | $139,317,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,507,685 |
| Intangible assets | $0 |
| Other assets | $325,151,211 |
| Total assets | $522,090,050 |
| Accounts payable and accrued expenses | $35,152,820 |
| Grants payable | $0 |
| Deferred revenue | $34,874 |
| 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 | $89,839 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,931,934 |
| Total liabilities | $123,209,467 |
| Unrestricted restricted net Assets | $390,178,583 |
| Temporarily restricted net Assets | $6,208,000 |
| Permanently restricted net Assets or current funds | $2,494,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $398,880,583 |