HACKENSACK MERIDIAN HEALTH MEDICAL GROUP- COMPLEX CARE PC

EIN: 061755230 501(c)(3) Health Care

EDISON, NJ

Total Revenue
$31,694,024
Total Expenses
$31,693,893
Total Assets
$2,594,024
Net Assets
$-7,410,781
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NJ
Principal Officer
DANIEL VARGA
Phone
9086756572
Tax Period
2023-01-01 to 2023-12-31

HACKENSACK MERIDIAN HEALTH MEDICAL GROUP- COMPLEX CARE PC, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $31.7M in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring.

Mission

THE CORPORATION WILL FURTHER THE CHARITABLE AND HEALTHCARE PURPOSES OF HACKENSACK MERIDIAN HEALTH, INC. AND ITS INTERNAL REVENUE CODE 501(C)(3) TAX-EXEMPT AFFILIATES.

Program Service Accomplishments

Program 1
Expenses: $30,745,826 Revenue: $14,247,900

PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES DIRECTLY TO PATIENTS THROUGH THE PHYSICIANS EMPLOYED BY THE CORPORATION. ALSO, PROVIDING ADMINISTRATIVE, SUPERVISORY, TEACHING, COVERAGE AND RESEARCH...

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PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES DIRECTLY TO PATIENTS THROUGH THE PHYSICIANS EMPLOYED BY THE CORPORATION. ALSO, PROVIDING ADMINISTRATIVE, SUPERVISORY, TEACHING, COVERAGE AND RESEARCH SERVICES TO HMH HOSPITALS CORPORATION; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, IN FURTHERANCE OF ITS PRIMARY TAX-EXEMPT PURPOSE IN PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. ACCORDINGLY, THE CORPORATION IS AN INTEGRAL PART OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK.

Program 2
Expenses: $0 Revenue: $59,013

THE MEDICARE SHARED SAVINGS PROGRAM (MSSP)IS A VOLUNTARY PROGRAM THAT ENCOURAGES HEALTHCARE PROVIDERS TO WORK TOGETHER TO DELIVER HIGH-QUALITY CARE TO MEDICARE BENEFICIARIES WHILE REDUCING COSTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,352,705
Program Service Revenue $14,306,913
Investment Income $3,742
Other Revenue $30,664
TOTAL REVENUE $31,694,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,758,271
Fundraising Expenses $0
Program Expenses $30,745,826
Other Expenses $7,935,622
TOTAL EXPENSES $31,693,893

Year-over-Year Comparison

2023 2022 Change
Revenue $31,694,024 $127,480,681 -0.8%
Expenses $31,693,893 $127,480,681 -0.8%
Net Income $131 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
N/A
Employees
85
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$3,183,688
Total Directors
2
$3,183,688
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL VARGA PRESIDENT & TREASURER 2.50
Officer Director
$0 $55,669 $1,946,588
JAMES CLARKE MD VICE PRESIDENT & SECRETARY 2.50
Officer Director
$0 $44,418 $1,237,100
FRANCIS PATTERSON PHYSICIAN 55.00
Highest
$1,616,662 $51,832 $1,668,494
MARK KAYTON PHYSICIAN 55.00
Highest
$802,588 $53,108 $855,696
VICTORIA STAAB PHYSICIAN 55.00
Highest
$787,670 $47,528 $835,198
KRISTIN KOZAKOWSKI PHYSICIAN 55.00
Highest
$714,219 $53,295 $767,514
MARGARET MCGUIRE PHYSICIAN 55.00
Highest
$680,071 $32,283 $712,354
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $31,694,024 $31,693,893 $2,594,024 $131
2022 $127,480,681 $127,480,681 $69,950,600 No data
2021 $126,145,858 $126,145,858 $3,817,906 No data
2020 $113,604,601 $113,604,601 $9,407,954 No data
2019 $72,854,709 $72,852,159 $6,063,385 $2,550
2018 $64,652,397 $64,641,863 $9,334,221 $10,534
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