Hackensack Meridian Health Medical Group Primary Care Pc
Hackensack Meridian Health Medical Group Primary Care Pc consistently operates at break-even with zero reported officer compensation and significant asset growth.
EIN: 141981653 · Edison, NJ · NTEE: E20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $210.1M |
| Total Expenses | $183.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $210 |
| Net Assets | $11.4M |
| Transparency Score | 85/100 |
Is Hackensack Meridian Health Medical Group Primary Care Pc 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 Medical Group Primary Care Pc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hackensack Meridian Health Medical Group Primary Care Pc
Hackensack Meridian Health Medical Group Primary Care Pc (EIN: 141981653) is a nonprofit organization based in Edison, NJ, classified under NTEE code E20. The organization reported total revenue of $210.1M and total assets of $33.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hackensack Meridian Health Medical Group Primary Care Pc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hackensack Meridian Health Medical Group Primary Care Pc is a major nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 56.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $183.6M |
| Total Expenses | $183.6M |
| Surplus / Deficit | $-5,721 |
| Total Assets | $25.2M |
| Total Liabilities | $13.9M |
| Net Assets | $11.4M |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 55.0% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2023, Hackensack Meridian Health Medical Group Primary Care Pc reported a deficit of $6K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 55.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Hackensack Meridian Health Medical Group Primary Care Pc's revenue has grown at a compound annual growth rate (CAGR) of 56.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +142.1% | +142.1% | -17.3% |
| 2022 | +33.8% | +33.8% | +169.4% |
| 2021 | -9.8% | -9.8% | +72.1% |
| 2020 | +1.7% | +1.7% | +106.2% |
| 2019 | +9.9% | +9.9% | -53.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Medical Group Primary Care Pc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Hackensack Meridian Health Medical Group Primary Care Pc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no portion of its revenue is allocated to executive salaries, which is highly unusual for an organization of its size with current revenue exceeding $210 million.
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 Medical Group Primary Care Pc's IRS 990 filings:
- Lack of detailed expense breakdown for program, admin, and fundraising
- Consistent 0% officer compensation for a large organization, which may indicate compensation is reported elsewhere or covered by a related entity, potentially obscuring true operational costs.
Strengths
The following positive indicators were identified for Hackensack Meridian Health Medical Group Primary Care Pc:
- Consistent break-even operation, indicating efficient use of all revenue for its mission.
- Significant asset growth from $3.19 million in 2019 to $33.4 million currently, suggesting financial stability and capacity for future investment.
- Zero reported officer compensation across all filings, indicating a strong commitment to directing resources away from executive pay.
Frequently Asked Questions about Hackensack Meridian Health Medical Group Primary Care Pc
Is Hackensack Meridian Health Medical Group Primary Care Pc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hackensack Meridian Health Medical Group Primary Care Pc (EIN: 141981653) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Hackensack Meridian Health Medical Group Primary Care Pc spend its money?
Hackensack Meridian Health Medical Group Primary Care Pc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hackensack Meridian Health Medical Group Primary Care Pc tax-deductible?
Hackensack Meridian Health Medical Group Primary Care Pc is registered as a tax-exempt nonprofit (EIN: 141981653). 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 Medical Group Primary Care Pc CEO make?
Hackensack Meridian Health Medical Group Primary Care Pc's highest-compensated officer earns $210 annually. The organization reported $210.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hackensack Meridian Health Medical Group Primary Care Pc's spending goes to programs?
Hackensack Meridian Health Medical Group Primary Care Pc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hackensack Meridian Health Medical Group Primary Care Pc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hackensack Meridian Health Medical Group Primary Care Pc is above average for NTEE category E20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hackensack Meridian Health Medical Group Primary Care Pc located?
Hackensack Meridian Health Medical Group Primary Care Pc is headquartered in Edison, New Jersey and files with the IRS under EIN 141981653. It is classified under NTEE code E20.
How many years of IRS 990 filings does Hackensack Meridian Health Medical Group Primary Care Pc have?
Hackensack Meridian Health Medical Group Primary Care Pc has 14 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 $210.1M in total revenue.
How does Hackensack Meridian Health Medical Group Primary Care Pc manage to operate with 0% officer compensation given its scale?
The filings consistently report 0% officer compensation. This could imply that executive salaries are covered by a parent organization, or that the leadership operates on a pro-bono basis, or that the compensation is reported under a different expense category not explicitly labeled as 'officer compensation' in the summary data provided.
What specific programs or services are supported by the organization's growing assets?
The provided data indicates significant asset growth from $3.19 million in 2019 to $33.4 million currently. Without more detailed financial statements, it's not possible to determine the specific programs or capital investments these assets support, though it likely relates to expanding primary care facilities or services given its NTEE code.
What is the actual breakdown of program, administrative, and fundraising expenses?
The provided summary data from the IRS 990 filings does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. A full IRS 990 form would be needed to ascertain these specific percentages.
Filing History
IRS 990 filing history for Hackensack Meridian Health Medical Group Primary Care Pc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hackensack Meridian Health Medical Group Primary Care Pc's revenue has grown by 32576.8%, moving from $562K to $183.6M. Total assets increased by 102729.5% over the same period, from $25K to $25.2M. Total functional expenses rose by 32577.9%, from $562K to $183.6M. In its most recent filing year (2023), Hackensack Meridian Health Medical Group Primary Care Pc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $13.9M in liabilities against $25.2M in assets (debt-to-asset ratio: 55.0%), resulting in net assets of $11.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $183.6M | $183.6M | $25.2M | $13.9M | — | — |
| 2022 | $75.8M | $75.8M | $30.5M | $4.3M | — | View 990 |
| 2021 | $56.7M | $56.7M | $11.3M | $7.1M | — | View 990 |
| 2020 | $62.8M | $62.8M | $6.6M | $6.6M | — | View 990 |
| 2019 | $61.8M | $61.8M | $3.2M | $3.2M | — | View 990 |
| 2018 | $56.2M | $56.2M | $6.9M | $6.9M | — | View 990 |
| 2017 | $51.8M | $51.8M | $3.4M | $3.4M | — | View 990 |
| 2016 | $43.6M | $43.6M | $3.9M | $3.9M | — | View 990 |
| 2015 | $34.1M | $34.1M | $4.0M | $4.0M | — | View 990 |
| 2014 | $45.1M | $45.1M | $4.1M | $4.1M | — | View 990 |
| 2013 | $8.2M | $8.2M | $1.0M | $1.0M | — | View 990 |
| 2012 | $2.3M | $2.3M | $244K | $244K | — | View 990 |
| 2011 | $637K | $637K | $44K | $44K | — | View 990 |
| 2010 | $562K | $562K | $25K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $183.6M, expenses of $183.6M, and assets of $25.2M (revenue +142.1% year-over-year).
- 2022: Revenue of $75.8M, expenses of $75.8M, and assets of $30.5M (revenue +33.8% year-over-year).
- 2021: Revenue of $56.7M, expenses of $56.7M, and assets of $11.3M (revenue -9.8% year-over-year).
- 2020: Revenue of $62.8M, expenses of $62.8M, and assets of $6.6M (revenue +1.7% year-over-year).
- 2019: Revenue of $61.8M, expenses of $61.8M, and assets of $3.2M (revenue +9.9% year-over-year).
- 2018: Revenue of $56.2M, expenses of $56.2M, and assets of $6.9M (revenue +8.6% year-over-year).
- 2017: Revenue of $51.8M, expenses of $51.8M, and assets of $3.4M (revenue +18.8% year-over-year).
- 2016: Revenue of $43.6M, expenses of $43.6M, and assets of $3.9M (revenue +27.9% year-over-year).
- 2015: Revenue of $34.1M, expenses of $34.1M, and assets of $4.0M (revenue -24.5% year-over-year).
- 2014: Revenue of $45.1M, expenses of $45.1M, and assets of $4.1M (revenue +450.7% year-over-year).
- 2013: Revenue of $8.2M, expenses of $8.2M, and assets of $1.0M (revenue +261.2% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.3M, and assets of $244K (revenue +256.0% year-over-year).
- 2011: Revenue of $637K, expenses of $637K, and assets of $44K (revenue +13.4% year-over-year).
- 2010: Revenue of $562K, expenses of $562K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hackensack Meridian Health Medical Group Primary Care Pc:
Data Sources and Methodology
This transparency report for Hackensack Meridian Health Medical Group Primary Care Pc 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.