Hackensack Meridian Health Inc
Hackensack Meridian Health: Strong Revenue Growth, but Transparency Lacking
EIN: 222421432 · Neptune, NJ · NTEE: E21 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| Net Assets | $-1,245,301 |
| Transparency Score | 75/100 |
Search Intent Cockpit
Hackensack Meridian Health Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Hackensack Meridian Health Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hackensack Meridian Health Inc in one place.
Form 990 Filing Summary
7 filing years are available, with latest revenue of $1.5M and expenses of $2.2M.
Revenue and Expenses
Hackensack Meridian Health Inc reported $1.5M in revenue and $2.2M in expenses, a deficit of $650K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 2 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.7M (80%) |
Across stored filings, Hackensack Meridian Health Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 7 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Health context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Hackensack Meridian Health Inc directs 80% 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: 222421432) is a nonprofit organization based in Neptune, NJ, classified under NTEE code E21. The organization reported total revenue of $1.5M and total assets of $3.0M 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 mid-size 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 -8.3%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-649,599 |
| Total Assets | $3.0M |
| Total Liabilities | $4.3M |
| Net Assets | $-1,245,301 |
| Operating Margin | -43.1% |
| Debt-to-Asset Ratio | 140.9% |
| Months of Reserves | 17.0 months |
Financial Health Grade: C
In 2017, Hackensack Meridian Health Inc reported a deficit of $650K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 140.9% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Hackensack Meridian Health Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +1130.7% | +2470.5% | -54.4% |
| 2016 | +88635.5% | -34.3% | +8.8% |
| 2015 | -98.9% | -3.7% | +6.1% |
| 2014 | +9905.0% | +8.0% | -1.2% |
| 2013 | -99.9% | — | +22.5% |
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: 80%
- fundraising: 10%
According to IRS 990 filings, Hackensack Meridian Health Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $650K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.9%.
Executive Compensation Analysis
Without specific executive compensation figures, a comprehensive assessment is not possible; however, given the scale of operations, it is crucial to ensure compensation aligns with performance and industry benchmarks.
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 (e.g., program vs. admin vs. fundraising) in the provided data makes it difficult to fully assess efficiency.
- Executive compensation details are not provided, which is a common area of scrutiny for nonprofits.
Strengths
The following positive indicators were identified for Hackensack Meridian Health Inc:
- Significant revenue growth observed from $122,455 in 2016 to $1,507,086 in 2017, indicating strong financial performance.
- Assets have consistently grown over the years, from $4,790,262 in 2012 to $3,047,874 in 2017 (note: 2016 assets were higher at $6,687,363, suggesting a reclassification or divestment in 2017).
Frequently Asked Questions about Hackensack Meridian Health Inc
Is Hackensack Meridian Health Inc a legitimate charity?
Hackensack Meridian Health Inc (EIN: 222421432) 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. Total revenue: $1.5M. 2 red flags identified. 2 strengths noted. Financial health grade: C.
How does Hackensack Meridian Health Inc spend its money?
Hackensack Meridian Health Inc directs 80% of its spending to programs and services. Fundraising costs 10%. 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: 222421432). 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 80% to programs, 10% 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 E21 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 Neptune, New Jersey and files with the IRS under EIN 222421432. It is classified under NTEE code E21.
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. The most recent filing shows $1.5M in total revenue.
What does Hackensack Meridian Health Inc do?
Hackensack Meridian Health Inc is a nonprofit organization in the Health Care sector, located in Neptune, New Jersey. It is classified under NTEE code E21.
How much revenue does Hackensack Meridian Health Inc have?
Hackensack Meridian Health Inc reported total revenue of $1,507,086. 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 $3,047,874 as reported in IRS 990 filings.
Where is Hackensack Meridian Health Inc located?
Hackensack Meridian Health Inc is based in Neptune, New Jersey.
What is Hackensack Meridian Health Inc's EIN?
Hackensack Meridian Health Inc's Employer Identification Number (EIN) is 222421432. 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 E21 (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: 222421432.
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 $1,507,086, total expenses of $2,156,685, and net assets of $3,047,874.
Is Hackensack Meridian Health Inc's revenue growing or declining?
Hackensack Meridian Health Inc's revenue is growing. Revenue went from $122,455 (201612) to $1,507,086 (201712), a +1130.7% 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 $1,507,086, expenses of $2,156,685, total assets of $3,047,874, and liabilities of $4,293,175.
How much does Hackensack Meridian Health Inc spend on programs vs administration?
Based on IRS 990 analysis, Hackensack Meridian Health Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% 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 (e.g., program vs. admin vs. fundraising) in the provided data makes it difficult to fully assess efficiency.. Executive compensation details are not provided, which is a common area of scrutiny for nonprofits.. 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: Significant revenue growth observed from $122,455 in 2016 to $1,507,086 in 2017, indicating strong financial performance.. Assets have consistently grown over the years, from $4,790,262 in 2012 to $3,047,874 in 2017 (note: 2016 assets were higher at $6,687,363, suggesting a reclassification or divestment in 2017).. These findings are derived from AI analysis of the organization's financial filings.
How does Hackensack Meridian Health Inc compensate executives?
Without specific executive compensation figures, a comprehensive assessment is not possible; however, given the scale of operations, it is crucial to ensure compensation aligns with performance and industry benchmarks. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the substantial increase in revenue from $122,455 in 2016 to $1,507,086 in 2017, and how did this impact the organization's operational capacity?
The data shows a dramatic revenue increase in 2017. This could be due to a merger, acquisition, significant new funding streams, or a change in reporting structure. Understanding the source of this growth is crucial for assessing its sustainability and impact on the organization's mission delivery.
Why did total assets decrease from $6,687,363 in 2016 to $3,047,874 in 2017, despite the significant revenue increase in the same period?
The decrease in assets alongside a large revenue jump in 2017 is unusual. This could indicate a divestment of significant assets, a revaluation, or a substantial increase in liabilities that offset asset growth. Further investigation into the balance sheet changes would be necessary.
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 declined by 40.4%, moving from $2.5M to $1.5M. Total assets decreased by 52.9% over the same period, from $6.5M to $3.0M. In its most recent filing year (2017), Hackensack Meridian Health Inc reported a deficit of $650K, with expenses exceeding revenue. The organization holds $4.3M in liabilities against $3.0M in assets (debt-to-asset ratio: 140.9%), resulting in net assets of $-1,245,301.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $1.5M | $2.2M | $3.0M | $4.3M | — | View 990 |
| 2016 | $122K | $84K | $6.7M | $37.9M | — | View 990 |
| 2015 | $138 | $128K | $6.1M | $37.4M | — | View 990 |
| 2014 | $12K | $133K | $5.8M | $36.9M | — | View 990 |
| 2013 | $120 | $123K | $5.9M | $36.9M | — | View 990 |
| 2012 | $131K | $0 | $4.8M | $35.4M | — | View 990 |
| 2011 | $2.5M | $0 | $6.5M | $37.1M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $1.5M, expenses of $2.2M, and assets of $3.0M (revenue +1130.7% year-over-year).
- 2016: Revenue of $122K, expenses of $84K, and assets of $6.7M (revenue +88635.5% year-over-year).
- 2015: Revenue of $138, expenses of $128K, and assets of $6.1M (revenue -98.9% year-over-year).
- 2014: Revenue of $12K, expenses of $133K, and assets of $5.8M (revenue +9905.0% year-over-year).
- 2013: Revenue of $120, expenses of $123K, and assets of $5.9M (revenue -99.9% year-over-year).
- 2012: Revenue of $131K, expenses of $0, and assets of $4.8M (revenue -94.8% year-over-year).
- 2011: Revenue of $2.5M, expenses of $0, and assets of $6.5M.
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.