JERSEY CITY MEDICAL CENTER

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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

1987

Legal Domicile

Principal Officer

MICHAEL PRILUTSKY

Phone

9733224032

Tax Period

2018-01-01 to 2018-12-31

JERSEY CITY MEDICAL CENTER, founded in 1987, is a major nonprofit in the Health Care sector that reported $402.1M in total revenue in fiscal year 2018. Expenses of $388.0M left a modest 4% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO OFFER HEALTHCARE SERVICES WITH COMPASSION AND DIGNITY. THE ORGANIZATION PROVIDES PATIENTS, THEIR FAMILIES AND ALL IN NEED, EXCELLENCE IN HOSPITAL AND HEALTHCARE SERVICES AND PROGRAMS TO ENHANCE COMMUNITY HEALTH. TO ACHIEVE THIS MISSION, THE ORGANIZATION IN COLLABORATION WITH ITS PHYSICIANS, NURSES AND STAFF, WILL: - PROVIDE A FULL RANGE OF CLINICAL SERVICES FOR ALL, REGARDLESS OF RACE, COLOR, CREED, SEX, GENDER, RELIGION, ABILITY TO PAY INCLUDING REGIONAL SPECIALTY AND SUBSPECIALTY CARE. - ESTABLISH APPROPRIATE ACADEMIC AND CLINICAL AFFILIATIONS. - DEVELOP EDUCATIONAL PROGRAMS FOR MEDICAL STUDENTS, PHYSICIANS IN RESIDENCY TRAINING, NURSES, EMT'S-PARAMEDICS AND OTHER HEALTHCARE PROFESSIONALS. - BUILD INNOVATIVE RELATIONSHIPS WITH OTHER HOSPITALS AND SYSTEMS. THE ORGANIZATION WILL BE GUIDED BY A BOARD OF TRUSTEES, REPRESENTING A DIVERSITY OF COMMUNITY AND BUSINESS LEADERS, PUBLIC OFFICIALS, AND HEALTHCARE AND OTHER PROFESSIONALS. THROUGH DIFFERENTIATION,

Program Service Accomplishments

Program 1

Expenses: $52,207,693 Revenue: $50,399,306

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY CARDIOVASCULAR SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR...

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY CARDIOVASCULAR SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 6,990 CARDIOVASCULAR SERVICES PROCEDURES. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program 2

Expenses: $36,920,700 Revenue: $26,754,688

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY ORTHOPEDICS SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 2,586 ORTHOPEDICS SERVICES PROCEDURES. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program 3

Expenses: $35,610,151 Revenue: $28,580,431

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY GENERAL SURGERY SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR...

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY GENERAL SURGERY SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 2,754 GENERAL SURGERY SERVICES PROCEDURES. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

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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%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $10,232,404

Program Service Revenue $390,105,531

Investment Income $38,922

Other Revenue $1,743,262

TOTAL REVENUE $402,120,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,892,963

Fundraising Expenses $0

Program Expenses $349,212,071

Other Expenses $205,120,447

TOTAL EXPENSES $388,013,410

Year-over-Year Comparison

	2018	2017	Change
Revenue	$402,120,119	$384,155,452	+0.0%
Expenses	$388,013,410	$374,691,224	+0.0%
Net Income	$14,106,709	$9,464,228	+0.5%

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

Governance

Voting Members

Independent Members

Employees

3297

Volunteers

254

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

$3,674,378

Total Directors

$6,835,165

Key Employees

$2,734,443

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEENA A STEIN	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
CATHERINE M CARNEVALE	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
MARVIN GLAZERMAN	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
ABEGAIL DOUGLAS-JOHNSON	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
THOMAS A BIGA	TRUSTEE - RWJBH PRES. N. DIV.	60.0	Director	$0	$42,359	$3,534,764
THOMAS M GALLAGHER	TRUSTEE	1.0	Director	$0	$0	$0
GENEVIEVE GAZON	TRUSTEE	1.0	Director	$0	$0	$0
CARLOS LEJNIEKS	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT E MARGULIES ESQ	TRUSTEE	1.0	Director	$0	$0	$0
EDGAR MARTINEZ	TRUSTEE	1.0	Director	$0	$0	$0
W NEVINS MCCANN ESQ	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD O'NEILL	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH A PANEPINTO JR	TRUSTEE	1.0	Director	$0	$0	$0
VERONICA PARK	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL PHAM MD	TRUSTEE - EX-OFFICIO	20.0	Director	$40,000	$0	$40,000
MICHAEL PRILUTSKY	TRUSTEE-COO/CEO(EFF 10/1/18)	55.0	Officer Director	$608,552	$81,033	$689,585
MAUREEN A SKEA	TRUSTEE	1.0	Director	$0	$0	$0
RITA V SMITH DNP	TRUSTEE; EX-OFF-SVP/PAT CARE	55.0	Officer Director	$433,754	$16,443	$450,197
KETAIN VYAS	TRUSTEE	1.0	Director	$0	$0	$0
KIM HAAS	TRUSTEE (TERMED 9/27/18)	1.0	Director	$0	$0	$0
JOSEPH F SCOTT FACHE	TRUSTEE - RWJBH EVP	55.0	Officer Director	$1,759,634	$360,985	$2,120,619
ROBERT VALENTINE	CFO	55.0	Officer	$410,941	$3,036	$413,977
KENNETH GARAY MD	CHIEF MEDICAL OFFICER	55.0	Key Emp	$1,260,722	$101,785	$1,362,507
BRENDA HALL	SVP, PATIENT SAFETY	55.0	Key Emp	$317,105	$23,299	$340,404
SUSAN WALSH MD FACP	VP, POP HLTH, ACO MED DIR	50.0	Key Emp	$365,849	$22,209	$388,058
MARY CATAUDELLA	VP, HUMAN RESOURCES	50.0	Key Emp	$362,630	$22,418	$385,048
ROBERT SPIRA MD	VP, CHAIR MEDICINE	50.0	Key Emp	$256,858	$1,568	$258,426
ANROY OTTLEY MD	PHYSICIAN	50.0	Highest	$1,732,171	$41,674	$1,773,845
BRUNO MOLINO MD	PHYSICIAN	50.0	Highest	$813,165	$34,353	$847,518
MITCHELL CHAAR MD	PHYSICIAN	50.0	Highest	$769,457	$29,040	$798,497
SHERWIN SCHRAG MD	PHYSICIAN	50.0	Highest	$761,857	$29,646	$791,503
VALENTIN D MARIAN MD	PHYSICIAN	50.0	Highest	$403,294	$28,053	$431,347
DOMENIC SEGALLA	FORMER OFFICER	0.0		$0	$0	$586,486

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
2018	$402,120,119	$388,013,410	$411,050,396	$14,106,709