Hackensack Meridian Health Inc

Hackensack Meridian Health: Strong Revenue Growth, High Executive Compensation

EIN: 222421433 · Edison, NJ · NTEE: E21 · Updated: 2026-04-04

$7.4MRevenue
$1.6MAssets
85/100Mission Score (Excellent)
E21

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Hackensack Meridian Health Inc Financial Summary
MetricValue
Total Revenue$7.4M
Total Expenses$7.1M
Program Spending80%
CEO/Top Officer Pay$7
Net Assets$456K
Transparency Score85/100

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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

8 filing years are available, with latest revenue of $7.4M and expenses of $7.1M.

Revenue and Expenses

Hackensack Meridian Health Inc reported $7.4M in revenue and $7.1M in expenses, a surplus of $387K.

Executive Compensation

Top officer compensation appears as $7 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

85/100 mission score, 1 red flag, and 3 strengths are shown from structured and AI review.

Is Hackensack Meridian Health Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
1 FoundRed Flags

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

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
8Stored Filing Years

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

Hackensack Meridian Health Inc Expense Deployment
Program services$5.6M (80%)

Across stored filings, Hackensack Meridian Health Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 1 red flag identified
Mission spend80% to programsExcellent
Financial durabilityGrade B8 stored filing years
Peer contextCompare with Dance For The Cure IncNew Jersey and Health context

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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: 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.

Organization Overview

30Years Operating
Mid-SizeSize Classification
8Years of Filings
MixedRevenue Trajectory

Hackensack Meridian Health Inc is a mid-size nonprofit that has been operating for 30 years, with 8 years of IRS 990 filings on record (2010–2017). Revenue has grown at a compound annual rate of 37.0%.

Key Financial Metrics (2017)

From the most recent IRS 990 filing on record:

Total Revenue$7.4M
Total Expenses$7.1M
Surplus / Deficit+$387K
Total Assets$1.6M
Total Liabilities$1.2M
Net Assets$456K
Operating Margin5.2%
Debt-to-Asset Ratio71.8%
Months of Reserves2.7 months

Financial Health Grade: B

In 2017, Hackensack Meridian Health Inc reported a surplus of $387K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 71.8% (high leverage).

Financial Trends

Over 8 years of filings (2010–2017), Hackensack Meridian Health Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.0%.

YearRevenue ChangeExpense ChangeAsset Change
2017+798.1%+1329.0%+1523.8%
2016+11.1%+16.2%-15.7%
2015+4.7%-9.3%-14.9%
2014-20.8%-22.9%+4.4%
2013+27.2%+42.6%-10.4%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date1996

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Hackensack Meridian Health Inc is a health care nonprofit based in Edison, New Jersey, with reported revenue of $7.4M and assets of $1.6M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. 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. Revenue has grown +805% across 8 filing periods.

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.

Key Financial Metrics (2017)

From the most recent IRS 990 filing on record:

$7.4MTotal Revenue
$7.1MTotal Expenses
$1.6MTotal Assets
$1.2MTotal Liabilities
$456KNet Assets
  • The organization reported a surplus of $387K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 71.8%.

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

Is Hackensack Meridian Health Inc a legitimate charity?

Hackensack Meridian Health Inc (EIN: 222421433) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $7.4M. 1 red flag identified. 3 strengths noted. Financial health grade: B.

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: 222421433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How much does the Hackensack Meridian Health Inc CEO make?

Hackensack Meridian Health Inc's highest-compensated officer earns $7 annually. The organization reported $7.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.

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 85/100 (Excellent), 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 Edison, New Jersey and files with the IRS under EIN 222421433. 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 8 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 $7.4M 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 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.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Hackensack Meridian Health Inc:

2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing 2010 Filing

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.

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