VIRTUA HEALTH AND REHABILITATION CENTER AT MT HOLLY INC

EIN: 222394675 501(c)(3) Education

MARLTON, NJ

Total Revenue
$24,634,939
Total Expenses
$6,001,883
Total Assets
$1,263,234
Net Assets
$1,051,875
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NJ
Principal Officer
DENNIS W PULLIN
Phone
8563550620
Tax Period
2022-01-01 to 2022-12-31

VIRTUA HEALTH AND REHABILITATION CENTER AT MT HOLLY INC, founded in 1982, is a mid-sized nonprofit in the Education sector that reported $24.6M in total revenue in fiscal year 2022. Revenue surged 173% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.6M, a strong 76% operating margin.

Mission

WE ARE DEDICATED TO PROVIDING EACH PATIENT AND THEIR FAMILY WITH AN OUTSTANDING EXPERIENCE AND TO ENSURING THE HIGHEST QUALITY HEALTHCARE FOR THE COMMUNITY. WE ARE COMMITTED TO PROVIDING OUR HEALTHCARE TEAM WITH RESOURCES, TECHNOLOGY AND TRAINING, AS WELL AS WITH OPPORTUNITIES FOR PROFESSIONAL GROWTH.

Program Service Accomplishments

Program 1
Expenses: $3,307,504 Revenue: $2,972,813

NURSING CARE - CARE PROVIDED 24 HOURS A DAY, SEVEN DAYS A WEEK, 365 DAYS A YEAR. CARE IS GIVEN PRIMARILY TO GERIATRIC PATIENTS ADMITTED TO THE 180 BED NURSING FACILITY. PATIENT DAYS TOTALED 10,335 IN...

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NURSING CARE - CARE PROVIDED 24 HOURS A DAY, SEVEN DAYS A WEEK, 365 DAYS A YEAR. CARE IS GIVEN PRIMARILY TO GERIATRIC PATIENTS ADMITTED TO THE 180 BED NURSING FACILITY. PATIENT DAYS TOTALED 10,335 IN 2022. THE MAJORITY OF THE PATIENTS AT THE FACILITY ARE INSURED UNDER MEDICAL ASSISTANCE PROGRAMS, SUCH AS THE STATE ADMINISTERED MEDICAID PROGRAM. REIMBURSEMENT FOR THESE PROGRAMS IS LESS THAN THE COST OF THE SERVICES PROVIDED TO THE PATIENT. ON APRIL 28, 2022, THE FACILITY WAS SOLD TO AN UNRELATED THIRD PARTY, WHICH IS DESCRIBED IN SCHEDULE N.

Program 2
Expenses: $832,139 Revenue: $790,794

REHABILITATION - THE FACILITY PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES TO PATIENTS. EMPHASIS IS PLACED ON PATIENT FOCUSED, OUTCOME DRIVEN THERAPY, THAT ALLOWS EACH PERSON TO...

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REHABILITATION - THE FACILITY PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES TO PATIENTS. EMPHASIS IS PLACED ON PATIENT FOCUSED, OUTCOME DRIVEN THERAPY, THAT ALLOWS EACH PERSON TO ACHIEVE THEIR GREATEST RECOVERY POTENTIAL. TOTAL REHABILITATION ACTIVITIES EXCEEDED 2,291 HOURS IN 2022. ON APRIL 28, 2022, THE FACILITY WAS SOLD TO AN UNRELATED THIRD PARTY, WHICH IS DESCRIBED IN SCHEDULE N.

Program 3
Expenses: $576,367

DIETARY - PROVIDE MEALS FOR NURSING HOME RESIDENTS. MEALS ARE SERVED THREE TIMES A DAY, 118 DAYS THIS YEAR. THE TOTAL NUMBER OF MEALS SERVED TO RESIDENTS WAS 31,005 FOR 2022. ON APRIL 28, 2022, THE...

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DIETARY - PROVIDE MEALS FOR NURSING HOME RESIDENTS. MEALS ARE SERVED THREE TIMES A DAY, 118 DAYS THIS YEAR. THE TOTAL NUMBER OF MEALS SERVED TO RESIDENTS WAS 31,005 FOR 2022. ON APRIL 28, 2022, THE THE FACILITY WAS SOLD TO AN UNRELATED THIRD PARTY, WHICH IS DESCRIBED IN SCHEDULE N.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $741,058
Program Service Revenue $3,739,352
Investment Income $20,130,274
Other Revenue $24,255
TOTAL REVENUE $24,634,939

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,973,863
Fundraising Expenses $0
Program Expenses $4,716,010
Other Expenses $3,028,020
TOTAL EXPENSES $6,001,883

Year-over-Year Comparison

2022 2021 Change
Revenue $24,634,939 $9,016,315 +1.7%
Expenses $6,001,883 $15,387,081 -0.6%
Net Income $18,633,056 $-6,370,766 -3.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
18
Employees
145
Volunteers
18

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
4
$5,145,596
Total Directors
20
$3,796,333
Key Employees
1
$474,253
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS W PULLIN PRESIDENT/CEO 0.20
Officer Director
$0 $51,109 $3,096,351
HAFEZA SHAIKHDOSTART32222 TRUSTEE - PHYSICIAN 0.12
Director
$0 $53,560 $699,982
EDWARD B CLOUES CHAIRMAN 0.16
Officer Director
$0 $0 $0
JAMES DWYER DO VICE CHAIR 0.14
Director
$0 $0 $0
PATRICIA CODEY TRUSTEE 0.12
Director
$0 $0 $0
ELAINE DAMM TRUSTEE 0.12
Director
$0 $0 $0
LESLIE DONATO START 51122 TRUSTEE 0.11
Director
$0 $0 $0
GRAYLING JOHNSON TRUSTEE 0.13
Director
$0 $0 $0
SANIAH JOHNSON TRUSTEE 0.12
Director
$0 $0 $0
PRATAP KHEDKAR TRUSTEE 0.12
Director
$0 $0 $0
DAVID KINDLICK TRUSTEE 0.14
Director
$0 $0 $0
GEORGE LYNN TRUSTEE 0.14
Director
$0 $0 $0
FAYE MELOY TRUSTEE 0.14
Director
$0 $0 $0
SHAHRAM JAY MIRMANESHMD TRUSTEE (START 1/1/22) 0.12
Director
$0 $0 $0
JOHN PARKER TRUSTEE 0.19
Director
$0 $0 $0
ADOLFO PIPERNO START 1122 TRUSTEE 0.13
Director
$0 $0 $0
STACY ROBINSON TRUSTEE 0.13
Director
$0 $0 $0
MARVIN SAMSON TRUSTEE 0.13
Director
$0 $0 $0
ROY SHUBERT MD TRUSTEE 0.12
Director
$0 $0 $0
CHARLES VILA TRUSTEE 0.15
Director
$0 $0 $0
ROBERT M SEGIN TREASURER - EVP/CFO 0.18
Officer
$0 $40,915 $1,216,683
LAUREN ROWINSKI SECRETARY-SVP&CHIEF LEGAL OFFICER 0.18
Officer
$0 $40,884 $832,562
LISA C FERRARO SVP - INTEGRATED OPERATION 0.50
Key Emp
$0 $35,943 $474,253
DIANE K COSTELLO NURSE LTC SUB ACUTE 40.00
Highest
$144,808 $13,723 $158,531
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
2022 $24,634,939 $6,001,883 $1,263,234 $18,633,056
2021 $9,016,315 $15,387,081 $6,750,787 $-6,370,766
2020 $15,007,440 $17,582,298 $7,716,206 $-2,574,858
2019 $20,908,147 $20,802,781 $7,180,489 $105,366
2018 $19,511,605 $19,920,694 $8,271,188 $-409,089
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