nonprofit · EIN 22-3474145 · NJ
How much does Hackensack Meridian Health Inc raise and spend?
Hackensack Meridian Health Inc (NJ, EIN 22-3474145) reported $271.3M in revenue and $99.9M in expenses for tax year 2024, with $1.2B in net assets (149.1 months of reserves). By expenses that ranks 2,550 of 391,588 e-filers, 967 of 13,620 in NTEE E: Health Care, 48 of 10,870 nonprofits in new jersey.
What stands out
Hackensack Meridian Health Inc (NJ, EIN 22-3474145) reported $271.3M in revenue and $99.9M in expenses for tax year 2024, with $1.2B in net assets (149.1 months of reserves). By expenses that ranks 2,550 of 391,588 e-filers, 967 of 13,620 in NTEE E: Health Care, 48 of 10,870 nonprofits in new jersey. Against NTEE E: Health Care: months of reserves 149.1 months, above the peer median of 10.6 months; contributions share of revenue 35.3%, below the peer median of 43.4%; surplus margin 63.2%, 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 | $271.3M | $752.2k | $21.4M | $198.5k |
| Total expenses | $99.9M | $666.8k | $20.3M | $179.6k |
| Total assets | $4.9B | $2.2M | $29.5M | $761.5k |
| Net assets | $1.2B | $1.4M | $17.4M | $615.1k |
| Program service revenue share | 15.3% | 29.7% | 73.7% | 13.4% |
| Contributions share of revenue | 35.3% | 43.4% | 12.5% | 55.6% |
| Months of reserves | 149.1 months | 10.6 months | 9.5 months | 12.4 months |
| Surplus margin | 63.2% | 3.9% | 2.1% | 4.3% |
Year by year
6 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2024 | $271.3M | $99.9M | $1.2B | 149.1 months | — | 2,550 |
| 2023 | $60.5M | $81.1M | $422.6M | 62.5 months | $12.1k | 5,265 |
| 2022 | $89.2M | $58.0M | $-338.5M | -70.1 months | $0 | 6,377 |
| 2020 | $151.0M | $77.7M | $526.8M | 81.4 months | $0 | 4,524 |
| 2019 | $139.2M | $63.2M | $132.5M | 25.1 months | $0 | 5,163 |
| 2018 | $209.3M | $47.1M | $-67.1M | -17.1 months | $0 | 5,965 |
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