MERIDIAN MEDICAL GROUP-SPECIALTY CAREPC

EIN: 141981647 501(c)(3) Health Care

EDISON, NJ

Total Revenue
$18,755
Total Expenses
$16,138
Total Assets
$7,451,401
Net Assets
$6,614,079
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

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

MERIDIAN MEDICAL GROUP-SPECIALTY CAREPC, founded in 2006, is a micro nonprofit in the Health Care sector that reported $19K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $16K left a modest 14% surplus.

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: $0 Revenue: $0

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.

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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 $18,755
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $18,755

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $16,138
TOTAL EXPENSES $16,138

Year-over-Year Comparison

2023 2022 Change
Revenue $18,755 $149,044,253 -1.0%
Expenses $16,138 $149,044,253 -1.0%
Net Income $2,617 $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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
3
$3,233,503
Total Directors
3
$3,233,503
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL VARGA CHIEF PHYSICIAN EXECUTIVE 2.50
Officer Director
$0 $55,669 $1,946,588
JAMES CLARKE MD VICE PRESIDENT & SECRETARY 55.00
Officer Director
$0 $44,418 $1,237,100
JOSEPH REICHMAN MD PRESIDENT & TREASURER (TERMED 2/2/23) 2.50
Officer Director
$0 $0 $49,815
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 $18,755 $16,138 $7,451,401 $2,617
2022 $149,044,253 $149,044,253 $72,476,439 No data
2021 $139,236,073 $139,236,074 $18,085,134 $-1
2020 $126,369,811 $126,369,811 $10,369,653 No data
2019 $128,597,591 $128,592,791 $8,506,030 $4,800
2018 $115,868,513 $115,868,513 $17,970,770 No data
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