Hackensack Meridian Health Inc
Hackensack Meridian Health: Strong Revenue Growth, High Executive Compensation
EIN: 222421433 · Edison, NJ · NTEE: E21 · Updated: 2026-04-04
About Hackensack Meridian Health Inc
Hackensack Meridian Health Inc (EIN: 222421433) is a nonprofit organization based in Edison, NJ, classified under NTEE code E21. The organization reported total revenue of $7.4M and total assets of $1.6M 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.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hackensack Meridian Health Inc with a Mission Score of 85 out of 100 (Excellent). 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.
Executive Compensation Analysis
The CEO's compensation of over $7 million in 2017, while substantial, is within the range for leaders of large, complex healthcare systems with significant revenue like Hackensack Meridian Health Inc.
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:
- Executive compensation, at $7,058,723 in 2017, is a significant expenditure that warrants close monitoring relative to overall mission impact.
Strengths
The following positive indicators were identified for Hackensack Meridian Health Inc:
- Demonstrated strong revenue growth, reaching $7,446,221 in 2017.
- Significant asset base of $1,617,294 in 2017, indicating financial stability.
- Consistent financial reporting over multiple years.
Frequently Asked Questions about Hackensack Meridian Health Inc
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 E21.
How much revenue does Hackensack Meridian Health Inc have?
Hackensack Meridian Health Inc reported total revenue of $7,446,221. Based on 8 IRS 990 filings on record.
What are Hackensack Meridian Health Inc's total assets?
Hackensack Meridian Health Inc holds total assets of $1,617,294 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 222421433. 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: 222421433.
Does Hackensack Meridian Health Inc file IRS Form 990?
Yes, Hackensack Meridian Health Inc has 8 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 $7,446,221, total expenses of $7,058,723, and net assets of $1,617,294.
Is Hackensack Meridian Health Inc's revenue growing or declining?
Hackensack Meridian Health Inc's revenue is growing. Revenue went from $829,068 (201612) to $7,446,221 (201712), a +798.1% change. Based on 8 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 $7,446,221, expenses of $7,058,723, total assets of $1,617,294, and liabilities of $1,160,883.
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: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Hackensack Meridian Health Inc?
The following concerns were identified: Executive compensation, at $7,058,723 in 2017, is a significant expenditure that warrants close monitoring relative to overall mission impact.. 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: Demonstrated strong revenue growth, reaching $7,446,221 in 2017.. Significant asset base of $1,617,294 in 2017, indicating financial stability.. Consistent financial reporting over multiple years.. These findings are derived from AI analysis of the organization's financial filings.
How does Hackensack Meridian Health Inc compensate executives?
The CEO's compensation of over $7 million in 2017, while substantial, is within the range for leaders of large, complex healthcare systems with significant revenue like Hackensack Meridian Health Inc. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Hackensack Meridian Health Inc.'s executive compensation compare to similar-sized healthcare systems in the region?
While the provided data shows the CEO's compensation at $7,058,723 in 2017, a full comparative analysis would require examining the compensation of CEOs at other large, multi-hospital systems in the New Jersey/New York metropolitan area, considering factors like bed count, revenue, and complexity of services.
What specific community benefits or programs are funded by the 'programs' spending, and how is their impact measured?
The provided data indicates 80% of spending goes to programs, but without further detail from their annual reports or community benefit statements, it's unclear what specific initiatives (e.g., charity care, health education, research) are included and how their effectiveness is quantitatively assessed.
Filing History
IRS 990 filing history for Hackensack Meridian Health Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2010–2017), Hackensack Meridian Health Inc's revenue has grown by 805.4%, moving from $822K to $7.4M. Total assets increased by 826.8% over the same period, from $175K to $1.6M. Total functional expenses rose by 1034.3%, from $622K to $7.1M. In its most recent filing year (2017), Hackensack Meridian Health Inc reported a surplus of $387K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $1.6M in assets (debt-to-asset ratio: 71.8%), resulting in net assets of $456K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2017 | $7.4M | $7.1M | $1.6M | $1.2M | — | View 990 |
| 2016 | $829K | $494K | $100K | $31K | — | View 990 |
| 2015 | $746K | $425K | $118K | $47K | — | View 990 |
| 2014 | $713K | $469K | $139K | $68K | — | View 990 |
| 2013 | $899K | $608K | $133K | $62K | — | View 990 |
| 2012 | $707K | $426K | $148K | $42K | — | View 990 |
| 2011 | $932K | $582K | $146K | $22K | — | View 990 |
| 2010 | $822K | $622K | $175K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $7.4M, expenses of $7.1M, and assets of $1.6M (revenue +798.1% year-over-year).
- 2016: Revenue of $829K, expenses of $494K, and assets of $100K (revenue +11.1% year-over-year).
- 2015: Revenue of $746K, expenses of $425K, and assets of $118K (revenue +4.7% year-over-year).
- 2014: Revenue of $713K, expenses of $469K, and assets of $139K (revenue -20.8% year-over-year).
- 2013: Revenue of $899K, expenses of $608K, and assets of $133K (revenue +27.2% year-over-year).
- 2012: Revenue of $707K, expenses of $426K, and assets of $148K (revenue -24.1% year-over-year).
- 2011: Revenue of $932K, expenses of $582K, and assets of $146K (revenue +13.3% year-over-year).
- 2010: Revenue of $822K, expenses of $622K, and assets of $175K.
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.