COMMUNITY 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

1996

Legal Domicile

Principal Officer

PATRICK M AHEARN

Phone

9733224032

Tax Period

2018-01-01 to 2018-12-31

COMMUNITY MEDICAL CENTER, founded in 1996, is a major nonprofit in the Health Care sector that reported $391.6M in total revenue in fiscal year 2018. Expenses of $371.0M left a modest 5% surplus.

Mission

THE ORGANIZATION, A NOT-FOR-PROFIT ACUTE CARE HOSPITAL SERVING THE OCEAN COUNTY REGION, IS COMMITTED TO ENHANCING THE OVERALL HEALTH STATUS OF THE COMMUNITY BY PROVIDING THE HIGHEST QUALITY HEALTHCARE AND RELATED SERVICES INCLUDING CONTINUING MEDICAL EDUCATION FOR OUR MEDICAL STAFF. IN COLLABORATION WITH OUR MEDICAL STAFF AND IN PARTNERSHIP WITH RWJBARNABAS HEALTH, WE STRIVE TO EXCEED PATIENTS' EXPECTATIONS IN A PROGRESSIVE ORGANIZATIONAL ENVIRONMENT WHICH EMPHASIZES COMMITMENT, COMPETENCE, COLLABORATION, COMMUNICATION AND COMPASSION. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $42,006,854 Revenue: $42,967,018

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY ONCOLOGY 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 9,996 ONCOLOGY SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Program 2

Expenses: $41,611,308 Revenue: $47,119,432

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 14,276 CARDIOVASCULAR SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Program 3

Expenses: $29,661,473 Revenue: $29,124,461

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY OBSERVATION 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 14,154 OBSERVATION SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

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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 $1,387,635

Program Service Revenue $389,516,422

Investment Income $13,445

Other Revenue $635,790

TOTAL REVENUE $391,553,292

Expense Breakdown

Grants Paid $500

Salaries & Benefits $169,301,293

Fundraising Expenses $0

Program Expenses $333,879,790

Other Expenses $201,675,698

TOTAL EXPENSES $370,977,491

Year-over-Year Comparison

	2018	2017	Change
Revenue	$391,553,292	$380,176,389	+0.0%
Expenses	$370,977,491	$352,152,972	+0.1%
Net Income	$20,575,801	$28,023,417	-0.3%

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

3116

Volunteers

446

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

$2,183,466

Total Directors

$940,063

Key Employees

$1,771,178

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS HOURIGAN	CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
DONALD JUMP CPA	VICE CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
GARY V LOTANO	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
DAVID ROSEN	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
JERRY P BOISSEAU	TRUSTEE	1.0	Director	$0	$0	$0
SANDY S BROUGHTON	TRUSTEE	1.0	Director	$0	$0	$0
KARAMBIR DALAL MD	TRUSTEE	1.0	Director	$0	$0	$0
PAUL J DEMARTINO MD FACG	TRUSTEE	1.0	Director	$0	$0	$0
THEODORE GOODING	TRUSTEE	1.0	Director	$0	$0	$0
JARROD C GRASSO	TRUSTEE	1.0	Director	$0	$0	$0
JEREMY GRUNIN	TRUSTEE	1.0	Director	$0	$0	$0
ANIL GUPTA MD	TRUSTEE	1.0	Director	$0	$0	$0
MAURICE B HILL JR DMD	TRUSTEE	1.0	Director	$0	$0	$0
FRANCIS J KELLY MD	TRUSTEE	1.0	Director	$0	$0	$0
AWANI KUMAR MD	TRUSTEE	20.0	Director	$51,675	$0	$51,675
MICHAEL MIMOSO	TRUSTEE; ex-officio - ceo	55.0	Officer Director	$651,052	$237,336	$888,388
JUDITH SCHMIDT RN	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD STANZIONE ESQ	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM STRAZELLA MD	TRUSTEE	1.0	Director	$0	$0	$0
PETER VAN DYKE ESQ	TRUSTEE	1.0	Director	$0	$0	$0
DANIEL J VITALE CPA	TRUSTEE	1.0	Director	$0	$0	$0
PATRICK M AHEARN	COO	55.0	Officer	$599,886	$118,185	$718,071
THOMAS R PERCELLO	SENIOR VP OF FINANCE/CFO	55.0	Officer	$458,787	$118,220	$577,007
YESHAVANTH P NAYAK MD	SVP/CMO	55.0	Key Emp	$601,765	$114,522	$716,287
TODD EUGENE PHILLIPS MD	VP, QUAL & CLIN EFFECT/CMO	55.0	Key Emp	$440,415	$24,932	$465,347
DONNA CARTELLI BONACORSO	VP PATIENT CARE SVCS/CNO	55.0	Key Emp	$293,739	$44,921	$338,660
VANESSA D SMITH	VP HUMAN RELATIONS	55.0	Key Emp	$225,505	$25,379	$250,884
RICHARD EVERETT TENPENNY JR	CHIEF PHYSICIST	50.0	Highest	$245,353	$43,137	$288,490
CHRISTOPHER REIDY	VICE PRESIDENT	50.0	Highest	$236,687	$25,181	$261,868
RICHARD J PALLAMARY	VP DEVELOPMENT	50.0	Highest	$232,977	$19,785	$252,762
NEIL J BRYANT	VP SUPPORT SERVICES	50.0	Highest	$208,112	$34,548	$242,660
THERESA JEAN KUBIEL	VP PT EXPERIENCE & COMM AFFAIR	50.0	Highest	$207,002	$21,031	$228,033
MARY ELIZABETH DENO	FORMER OFFICER	50.0		$0	$16,412	$612,216
MARK A OSTRANDER	FORMER OFFICER	55.0		$0	$45,544	$503,874
FRANK GELORMINI	FORMER OFFICER	50.0		$0	$32,347	$216,999

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	$391,553,292	$370,977,491	$522,090,050	$20,575,801