nonprofit · EIN 01-0649794 · NJ
How much does Hackensack Meridian Health Inc-Subordinates raise and spend?
Hackensack Meridian Health Inc-Subordinates (NJ, EIN 01-0649794) reported $8.8B in revenue and $8.3B in expenses for tax year 2024, with $5.9B in net assets (8.5 months of reserves). By expenses that ranks 16 of 391,588 e-filers, 13 of 13,620 in NTEE E: Health Care, 1 of 10,870 nonprofits in new jersey.
What stands out
Hackensack Meridian Health Inc-Subordinates (NJ, EIN 01-0649794) reported $8.8B in revenue and $8.3B in expenses for tax year 2024, with $5.9B in net assets (8.5 months of reserves). By expenses that ranks 16 of 391,588 e-filers, 13 of 13,620 in NTEE E: Health Care, 1 of 10,870 nonprofits in new jersey. Against NTEE E: Health Care: months of reserves 8.5 months, below the peer median of 10.6 months; officer compensation share of expenses 1.0%, below the peer median of 4.3%; contributions share of revenue 2.7%, below the peer median of 43.4%; surplus margin 6.0%, above the peer median of 3.9%.
Key figures, tax year 2024
As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.
| Measure | 2024 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $8.8B | $752.2k | $233.3M | $198.5k |
| Total expenses | $8.3B | $666.8k | $225.3M | $179.6k |
| Total assets | $7.6B | $2.2M | $306.0M | $761.5k |
| Net assets | $5.9B | $1.4M | $162.6M | $615.1k |
| Officer compensation (total per organisation) | $83.4M | $233.8k | $2.6M | $114.3k |
| Program service revenue share | 91.7% | 29.7% | 92.5% | 13.4% |
| Contributions share of revenue | 2.7% | 43.4% | 0.8% | 55.6% |
| Officer compensation share of expenses | 1.0% | 4.3% | 0.9% | 6.6% |
| Months of reserves | 8.5 months | 10.6 months | 7.7 months | 12.4 months |
| Surplus margin | 6.0% | 3.9% | 1.7% | 4.3% |
Year by year
6 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2024 | $8.8B | $8.3B | $5.9B | 8.5 months | $83.4M | 16 |
| 2023 | $7.5B | $7.1B | $5.5B | 9.3 months | $39.4M | 29 |
| 2022 | $6.7B | $6.6B | $4.8B | 8.8 months | $35.0M | 29 |
| 2020 | $5.9B | $5.8B | $3.9B | 8.1 months | $37.7M | 28 |
| 2019 | $5.6B | $5.2B | $3.8B | 8.8 months | $45.6M | 29 |
| 2018 | $5.1B | $4.8B | $3.3B | 8.3 months | $50.9M | 32 |
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