Inspira Health Network Life Inc
- Assets
- $17.2m
- Revenue
- $29.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Vineland, NJ
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 26-4827936
Organization Overview
Inspira Health Network Life Inc is located in Vineland, NJ. The organization was established in 2009. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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 Life 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 12/2021, Inspira Health Network Life Inc generated $29.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $28.8m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES EXCLUSIVELY FOR SCIENTIFIC PURPOSES NAMELY TO CREATE, ORGANIZE, AND OPERATE A PROGRAM TO PROVIDE ALL - INCLUSIVE HEALTHCARE FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN OPERATING EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES NAMELY TO CREATE, ORGANIZE, AND OPERATE A PROGRAM TO PROVIDE ALL - INCLUSIVE HEALTHCARE FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tacie Trull Secretary/treasurer - Trustee | OfficerTrustee | 1 | $0 |
Albert A Rundio Jr Vice Chair - Trustee | OfficerTrustee | 1 | $0 |
Shelly O Schneider Edd Chair - Trustee | OfficerTrustee | 1 | $0 |
Thomas P Baldosaro CPA Evp/chief Financial Officer | Officer | 55 | $0 |
Matthew Doonan ESQ SVP & Chief Legal Officer | Officer | 55 | $0 |
Mia Dempsey-Stahl Executive Director | Officer | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inspira Medical Centers Inc Management | 12/30/21 | $1,452,862 |
Bishop Mccarthy Ctr For Rehabilitat Assisted Living | 12/30/21 | $1,322,665 |
Tabula Rasa Healthcare It Solutions | 12/30/21 | $583,441 |
Millville Center Assisted Living | 12/30/21 | $578,676 |
Baker Place Assisted Living | 12/30/21 | $617,594 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $29,584,528 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,584,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,452,862 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $2,646 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,101,516 |
| Advertising and promotion | $18,299 |
| Office expenses | $233,999 |
| Information technology | $236,954 |
| Royalties | $0 |
| Occupancy | $946,959 |
| Travel | $138,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $306,401 |
| Insurance | $107,030 |
| All other expenses | $300,504 |
| Total functional expenses | $28,782,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,805,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $786,996 |
| 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 | $121,549 |
| Net Land, buildings, and equipment | $6,361,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,129,265 |
| Total assets | $17,203,909 |
| Accounts payable and accrued expenses | $3,456,758 |
| 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 | $18,610,681 |
| Total liabilities | $22,067,439 |
| Net assets without donor restrictions | -$4,863,530 |
| 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 | $17,203,909 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Inspira Health Network Life Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Drexel University Philadelphia, PA PURPOSE: AWARD | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Food & Comm Wkrs Union Local 1262 & Employers Welfare Fund Clifton, NJ | $25,277,473 | $87,753,687 |
Delta Dental Of Delaware Inc Mechanicsburg, PA | $18,629,043 | $77,257,162 |
Dentcare Delivery Systems Inc Uniondale, NY | $23,820,779 | $55,088,779 |
Northwest Behavioral Health Partnership Inc New Castle, PA | $31,030,978 | $48,843,347 |
Inspira Health Network Life Inc Vineland, NJ | $17,203,909 | $29,584,528 |
New York State United Teachers Member Benefits Catastrophe Major Latham, NY | $163,944,061 | $48,601,749 |
Retiree Health And Welfare Fund Of The Police Benevolent Association New York, NY | $171,668,298 | $54,323,145 |
Local 298 Health Benefit Fund I Valley Stream, NY | $21,565,304 | $24,797,848 |
Delta Dental Plan Of West Virginia Inc Mechanicsburg, PA | $18,350,283 | $22,759,004 |
Detectives Endowment Association Retirees Health Benefits Fund New York, NY | $3,766,379 | $20,182,671 |
Guardians Of The Sick Inc Brooklyn, NY | $5,970,531 | $15,096,609 |
Primary Care Development Corporation New York, NY | $131,968,263 | $17,167,926 |