Hackensack Meridian Health Inc
Hackensack Meridian Health: Strong Asset Growth, but Transparency Lacking on Specifics
EIN: 221487576 · Edison, NJ · NTEE: E220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $1.5B |
| Program Spending | 85% |
| Net Assets | $800.9M |
| Transparency Score | 75/100 |
Is Hackensack Meridian Health Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hackensack Meridian Health Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hackensack Meridian Health Inc
Hackensack Meridian Health Inc (EIN: 221487576) is a nonprofit organization based in Edison, NJ, classified under NTEE code E220. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hackensack Meridian Health Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hackensack Meridian Health Inc is a major nonprofit that has been operating for 30 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7B |
| Total Expenses | $1.5B |
| Surplus / Deficit | +$151.1M |
| Total Assets | $2.1B |
| Total Liabilities | $1.3B |
| Net Assets | $800.9M |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 62.3% |
| Months of Reserves | 16.7 months |
Financial Health Grade: A
In 2017, Hackensack Meridian Health Inc reported a surplus of $151.1M with revenue exceeding expenses, holds 16.7 months of operating reserves (strong position), has a debt-to-asset ratio of 62.3% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Hackensack Meridian Health Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +17.5% | +14.8% | +10.4% |
| 2016 | +4.5% | +6.7% | +7.0% |
| 2015 | +4.4% | +3.6% | +3.6% |
| 2014 | +8.1% | +4.8% | +1.0% |
| 2013 | -1.0% | +1.7% | +18.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hackensack Meridian Health Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hackensack Meridian Health Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $151.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.3%.
Executive Compensation Analysis
Based on the limited data provided, specific executive compensation figures are not available, preventing a detailed assessment of individual salaries or benefits.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hackensack Meridian Health Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
- Absence of specific executive compensation figures in the provided data.
Strengths
The following positive indicators were identified for Hackensack Meridian Health Inc:
- Consistent revenue growth over the years, indicating financial stability.
- Significant asset growth from $1.4 billion in 2011 to $2.1 billion in 2017, suggesting strong financial management and expansion.
Frequently Asked Questions about Hackensack Meridian Health Inc
Is Hackensack Meridian Health Inc a legitimate charity?
Hackensack Meridian Health Inc (EIN: 221487576) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 7 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Hackensack Meridian Health Inc spend its money?
Hackensack Meridian Health Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hackensack Meridian Health Inc tax-deductible?
Hackensack Meridian Health Inc is registered as a tax-exempt nonprofit (EIN: 221487576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hackensack Meridian Health Inc's spending goes to programs?
Hackensack Meridian Health Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hackensack Meridian Health Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hackensack Meridian Health Inc is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hackensack Meridian Health Inc located?
Hackensack Meridian Health Inc is headquartered in Edison, New Jersey and files with the IRS under EIN 221487576. It is classified under NTEE code E220.
How many years of IRS 990 filings does Hackensack Meridian Health Inc have?
Hackensack Meridian Health Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Hackensack Meridian Health Inc do?
Hackensack Meridian Health Inc is a nonprofit organization in the Health Care sector, located in Edison, New Jersey. It is classified under NTEE code E220.
How much revenue does Hackensack Meridian Health Inc have?
Hackensack Meridian Health Inc reported total revenue of N/A. Based on 7 IRS 990 filings on record.
What are Hackensack Meridian Health Inc's total assets?
Hackensack Meridian Health Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Hackensack Meridian Health Inc located?
Hackensack Meridian Health Inc is based in Edison, New Jersey.
What is Hackensack Meridian Health Inc's EIN?
Hackensack Meridian Health Inc's Employer Identification Number (EIN) is 221487576. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hackensack Meridian Health Inc?
Hackensack Meridian Health Inc is classified under NTEE code E220 (Health Care).
Is Hackensack Meridian Health Inc a registered 501(c)(3)?
Yes, Hackensack Meridian Health Inc is recognized as a tax-exempt organization by the IRS. EIN: 221487576.
Does Hackensack Meridian Health Inc file IRS Form 990?
Yes, Hackensack Meridian Health Inc has 7 IRS Form 990 filings on record. The most recent covers tax period 201712.
What was Hackensack Meridian Health Inc's revenue in 2017?
In the 201712 filing period, Hackensack Meridian Health Inc reported total revenue of $1,677,250,220, total expenses of $1,526,177,851, and net assets of $2,122,815,167.
Is Hackensack Meridian Health Inc's revenue growing or declining?
Hackensack Meridian Health Inc's revenue is growing. Revenue went from $1,427,488,980 (201612) to $1,677,250,220 (201712), a +17.5% change. Based on 7 filings on record.
What is Hackensack Meridian Health Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hackensack Meridian Health Inc covers tax period 201712. It shows revenue of $1,677,250,220, expenses of $1,526,177,851, total assets of $2,122,815,167, and liabilities of $1,321,953,813.
How much does Hackensack Meridian Health Inc spend on programs vs administration?
Based on IRS 990 analysis, Hackensack Meridian Health Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Hackensack Meridian Health Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hackensack Meridian Health Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Hackensack Meridian Health Inc?
The following concerns were identified: Lack of detailed expense breakdown (program, admin, fundraising) in provided data.. Absence of specific executive compensation figures in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hackensack Meridian Health Inc's strengths?
Positive indicators for Hackensack Meridian Health Inc include: Consistent revenue growth over the years, indicating financial stability.. Significant asset growth from $1.4 billion in 2011 to $2.1 billion in 2017, suggesting strong financial management and expansion.. These findings are derived from AI analysis of the organization's financial filings.
How does Hackensack Meridian Health Inc compensate executives?
Based on the limited data provided, specific executive compensation figures are not available, preventing a detailed assessment of individual salaries or benefits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Hackensack Meridian Health Inc?
• The provided data lacks specific breakdowns for program, administrative, and fundraising expenses, making a detailed spending analysis difficult. • The 'c0%' field across all years suggests a lack of detailed compensation disclosure within the provided data. • Without access to full financial statements, a comprehensive transparency report is not possible. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Hackensack Meridian Health Inc. manage to achieve consistent revenue and asset growth without reporting any 'compensation' (c0%) in the provided data?
The 'c0%' likely indicates that detailed compensation figures for executives or key employees are not included in this specific dataset, rather than an absence of compensation itself. Full financial filings would be needed for this detail.
What factors contribute to the substantial increase in assets from $1.4 billion in 2011 to over $2.1 billion in 2017?
This significant asset growth could be attributed to strategic acquisitions, capital investments in new facilities or technology, or strong operational surpluses being reinvested into the organization. Further analysis of their annual reports would clarify this.
Filing History
IRS 990 filing history for Hackensack Meridian Health Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Hackensack Meridian Health Inc's revenue has grown by 39.1%, moving from $1.2B to $1.7B. Total assets increased by 49.8% over the same period, from $1.4B to $2.1B. Total functional expenses rose by 33.3%, from $1.1B to $1.5B. In its most recent filing year (2017), Hackensack Meridian Health Inc reported a surplus of $151.1M, with revenue exceeding expenses. The organization holds $1.3B in liabilities against $2.1B in assets (debt-to-asset ratio: 62.3%), resulting in net assets of $800.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $1.7B | $1.5B | $2.1B | $1.3B | — | View 990 |
| 2016 | $1.4B | $1.3B | $1.9B | $1.2B | — | View 990 |
| 2015 | $1.4B | $1.2B | $1.8B | $1.2B | — | View 990 |
| 2014 | $1.3B | $1.2B | $1.7B | $1.0B | — | View 990 |
| 2013 | $1.2B | $1.1B | $1.7B | $992.4M | — | View 990 |
| 2012 | $1.2B | $1.1B | $1.5B | $989.3M | — | View 990 |
| 2011 | $1.2B | $1.1B | $1.4B | $907.1M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $1.7B, expenses of $1.5B, and assets of $2.1B (revenue +17.5% year-over-year).
- 2016: Revenue of $1.4B, expenses of $1.3B, and assets of $1.9B (revenue +4.5% year-over-year).
- 2015: Revenue of $1.4B, expenses of $1.2B, and assets of $1.8B (revenue +4.4% year-over-year).
- 2014: Revenue of $1.3B, expenses of $1.2B, and assets of $1.7B (revenue +8.1% year-over-year).
- 2013: Revenue of $1.2B, expenses of $1.1B, and assets of $1.7B (revenue -1.0% year-over-year).
- 2012: Revenue of $1.2B, expenses of $1.1B, and assets of $1.5B (revenue +1.4% year-over-year).
- 2011: Revenue of $1.2B, expenses of $1.1B, and assets of $1.4B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hackensack Meridian Health Inc:
Data Sources and Methodology
This transparency report for Hackensack Meridian Health Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.