Capital Health System Inc
- Assets
- $1.1b
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 6,979
- Location
- Trenton, NJ
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 22-3548695
Organization Overview
Capital Health System Inc is located in Trenton, NJ. The organization was established in 1997. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Capital Health System Inc employed 6,979 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Health System 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, Capital Health System Inc generated $1.1b in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.1b during the year ending 12/2023. While expenses have increased by 7.4% 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 IMPROVE THE HEALTH AND WELL-BEING OF THE POPULATIONS WE SERVE IN URBAN AND SUBURBAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 |
|---|---|---|---|
Al Maghazehe PHD Fache Director - President/ceo | OfficerTrustee | 55 | $3,505,410 |
Shane F Fleming CPA Svp, Chief Financial Officer | Officer | 55 | $1,505,874 |
Arlene Walsh Chief Operations Officer | Officer | 55 | $1,229,182 |
Eugene J Mcmahon MD Chief Medical Officer | Officer | 55 | $1,151,551 |
Joshua A Eisenberg MD Physician | 55 | $1,146,576 | |
Suzanne B Borgos Chief Strategy Officer | Officer | 55 | $1,149,017 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Symmetry Workforce Solutions Llc Staffing | 12/30/23 | $19,685,417 |
Allied Universal Security Service Security | 12/30/23 | $6,891,880 |
Sodexo Management Inc Management | 12/30/23 | $11,687,853 |
Deborah Heart And Lung Center Medical | 12/30/23 | $3,518,811 |
Aspire Technology Partners Security | 12/30/23 | $5,561,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,070,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,075,999 |
| Total Program Service Revenue | $1,119,868,278 |
| Investment income | $5,315,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,543,713 |
| Net Gain/Loss on Asset Sales | $1,572,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,134,279,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,754,807 |
| 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. | $16,100,670 |
| Compensation of current officers, directors, key employees. | $3,059,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,918,314 |
| Pension plan accruals and contributions | $1,007,525 |
| Other employee benefits | $34,965,914 |
| Payroll taxes | $37,949,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,434,597 |
| Fees for services: Accounting | $529,092 |
| Fees for services: Lobbying | $261,903 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,615,148 |
| Fees for services: Other | $112,788,605 |
| Advertising and promotion | $4,977,063 |
| Office expenses | $21,960,223 |
| Information technology | $14,726,012 |
| Royalties | $0 |
| Occupancy | $28,748,936 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $760,200 |
| Interest | $30,677,542 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,426,202 |
| Insurance | $10,599,047 |
| All other expenses | $10,046,052 |
| Total functional expenses | $1,140,860,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,682,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,295,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,529,218 |
| Prepaid expenses and deferred charges | $73,771,424 |
| Net Land, buildings, and equipment | $482,943,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $167,163,015 |
| Intangible assets | $0 |
| Other assets | $123,861,413 |
| Total assets | $1,099,245,938 |
| Accounts payable and accrued expenses | $217,794,235 |
| 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 | $601,486,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,062,821 |
| Total liabilities | $942,343,876 |
| Net assets without donor restrictions | $156,902,062 |
| 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 | $1,099,245,938 |