Cooper Health Systems
- Assets
- $114.3m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Camden, NJ
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 82-2771391
Organization Overview
Cooper Health Systems is located in Camden, NJ. The organization was established in 2017. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cooper Health Systems 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 12/2022, Cooper Health Systems generated $31.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (46.3%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (55.8%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE, TO HEAL, AND TO EDUCATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM SERVICE ACCOMPLISHMENTS OF THE SUBORDINATE ORGANIZATIONS INCLUDES SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF THE CENTRAL ORGANIZATION COOPER HEALTH SYSTEM. THE COOPER HEALTH SYSTEM GROUP RETURN IS COMPRISED OF THREE ORGANIZATIONS: COOPER MEDICAL SERVICES, COOPER HEALTH SYSTEM WORKER'S COMPENSATION TRUST AND COOPER CANCER CENTER. COOPER MEDICAL SERVICES OWNS AND MANAGES A MEDICAL OFFICE BUILDING ON THE CAMPUS OF COOPER HEALTH SYSTEM. (CONTINUED IN SCHEDULE O)COOPER HEALTH SYSTEM WORKER'S COMPENSATION TRUST PROVIDES WORKERS COMPENSATION INSURANCE COVERAGE TO EMPLOYEES OF THE COOPER HEALTH SYSTEM.COOPER CANCER CENTER GROUND LEASES REAL PROPERTY IN CAMDEN, NJ TO MD ANDERSON CANCER CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Mazzarelli Mdjdmbe Trus/off(co-Pres/ceo-Chs) | OfficerTrustee | 2 | $0 |
Brian Reilly Trustee/officer (cfo-Chs) | OfficerTrustee | 2 | $0 |
Elizabeth Green Trustee/off (svp Hr-Chs) | OfficerTrustee | 1 | $0 |
Kenneth M Wright Treas (svp/cao-Chs) | OfficerTrustee | 3 | $0 |
Kevin O'dowd JD Trus/off(co-Pres/ceo-Chs) | OfficerTrustee | 2 | $0 |
Dina Mathews-Laurendeau Secretary (sec Of The Bd-Chs) | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Torcon Inc Construction | 12/30/17 | $10,262,709 |
Trimedx Llc Engineering Svcs | 12/30/17 | $6,935,574 |
Atos Medical It Services | 12/30/17 | $5,231,041 |
Nthrive Inc Billing Services | 12/30/17 | $3,877,998 |
Varian Medical Systems It Services | 12/30/17 | $3,356,055 |
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 | $9,157,851 |
| Investment income | $20,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,061,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,306,827 |
| 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 | $307,244 |
| 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 | $0 |
| Fees for services: Other | $2,114,593 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,032,298 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,186,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $759,242 |
| Insurance | $153,948 |
| All other expenses | $17,227 |
| Total functional expenses | $9,667,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,401,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $402,750 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $12,635,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,800,745 |
| Total assets | $114,250,762 |
| Accounts payable and accrued expenses | $686,368 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $36,140,070 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,500,885 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,327,323 |
| Net assets without donor restrictions | $75,923,439 |
| 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 | $114,250,762 |
Grants Awarded
Over the last fiscal year, Cooper Health Systems has awarded $102,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SUSAN G KOMEN BREAST CANCER FOUNDATION PURPOSE: Sponsorship | $17,500 |
HEAD OF SCHUYLKILL REGATTA PURPOSE: Sponsorship | $8,000 |
LIVING BEYOND BREAST CANCER PURPOSE: SPONSORSHIP | $10,000 |
CAMDEN COUNTY PARKS DEPT PURPOSE: SPONSORSHIP | $6,000 |
JEWISH FEDERATION OF SOUTHERN JERSEY PURPOSE: SPONSORSHIP | $30,000 |
SUMMIT MEDICAL GROUP FOUNDATION PURPOSE: SPONSORSHIP | $6,000 |