NEWARK BETH ISRAEL 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

DARRELL TERRY

Phone

9733224032

Tax Period

2018-01-01 to 2018-12-31

NEWARK BETH ISRAEL MEDICAL CENTER, founded in 1996, is a major nonprofit in the Health Care sector that reported $644.8M in total revenue in fiscal year 2018. Expenses of $624.3M left a modest 3% surplus.

Mission

THE SPIRIT THAT INFUSES NEWARK BETH ISRAEL MEDICAL CENTER AND CHILDREN'S HOSPITAL OF NEW JERSEY IS ITS COMMITMENT TO EXCELLENCE. OUR MISSION IS TO ACHIEVE THIS EXCELLENCE THROUGH: - THE DELIVERY OF PRIMARY HEALTH CARE TO ALL WHO NEED OUR SERVICE. - THE PROVISION OF HEALTH CARE TO PATIENTS DRAWN TO THE MEDICAL CENTER BECAUSE OF SPECIALTY CAPABILITIES. - MEETING THE UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATIONAL NEEDS OF HEALTH CARE PROFESSIONALS. - EDUCATION OF THOSE ENTERING HEALTH CARE PROFESSIONS. - PHYSICIANS AND STAFF, DEDICATED TO COMPASSIONATE CARE AND HEALING, WHO ENHANCE SKILLS THROUGH EDUCATION AND RESEARCH. - THE DELIVERY OF SAFE, CLINICALLY APPROPRIATE CARE IN AN ENVIRONMENT FOCUSED ON IMPROVING PATIENT SAFETY THROUGH A PROACTIVE APPROACH. - INTERACTING WITH THE HIGHEST INTEGRITY AND COMMITMENT TO REGULATORY COMPLIANCE. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $104,159,853 Revenue: $118,571,657

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 16,101 CARDIOVASCULAR SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Program 2

Expenses: $59,208,303 Revenue: $39,771,990

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 3,199 GENERAL SURGERY SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Program 3

Expenses: $48,168,106 Revenue: $38,641,488

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 6,342 ONCOLOGY 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 $10,390,720

Program Service Revenue $631,693,151

Investment Income $472,289

Other Revenue $2,212,662

TOTAL REVENUE $644,768,822

Expense Breakdown

Grants Paid $19,000

Salaries & Benefits $266,437,714

Fundraising Expenses $26,250

Program Expenses $561,860,898

Other Expenses $357,826,881

TOTAL EXPENSES $624,309,845

Year-over-Year Comparison

	2018	2017	Change
Revenue	$644,768,822	$619,366,494	+0.0%
Expenses	$624,309,845	$584,363,227	+0.1%
Net Income	$20,458,977	$35,003,267	-0.4%

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

4496

Volunteers

175

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

$3,105,386

Total Directors

$2,372,421

Key Employees

$3,473,421

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC E BERSON	CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
FRANCIS J GIANTOMASI ESQ	VICE CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
PATRICK E HOBBS ESQ	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
THIRI ANANDARANGAM MD	TRUSTEE	50.0	Director	$147,432	$0	$147,432
FLEETA J BARNES	TRUSTEE	1.0	Director	$0	$0	$0
ERIC BRUNDAGE	TRUSTEE	1.0	Director	$0	$0	$0
NANCY CANTOR PHD	TRUSTEE	1.0	Director	$0	$0	$0
CHARLES CATHCART MD	TRUSTEE	50.0	Director	$0	$15,412	$586,354
REVEREND william CHRISTIAN	TRUSTEE	1.0	Director	$0	$0	$0
VAUGHN CROWE	TRUSTEE	1.0	Director	$0	$0	$0
LAWRENCE P GOLDMAN	TRUSTEE	1.0	Director	$0	$0	$0
ALAN LAPA MD	TRUSTEE - MEDICAL DIRECTOR	50.0	Director	$182,200	$0	$182,200
WAYNE K NASH	TRUSTEE	1.0	Director	$0	$0	$0
VICTOR PARSONNET MD	TRUSTEE	5.0	Director	$16,909	$17,259	$34,168
JOSHUA ROSENBLATT MD	TRUSTEE; EX-OFFICIO/CAO	50.0	Officer Director	$455,501	$28,345	$483,846
DAVID E ROTHSCHILD	TRUSTEE	1.0	Director	$0	$0	$0
NORMAN SAMUELS PHD	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH S TAYLOR	TRUSTEE	1.0	Director	$0	$0	$0
MARK J ZUCKER MD	TRUSTEE	50.0	Director	$890,206	$48,215	$938,421
DARRELL TERRY	CEO	55.0	Officer	$944,618	$339,435	$1,284,053
DOUGLAS A ZEHNER	COO	55.0	Officer	$634,651	$131,624	$766,275
NIKOLAS ALEXIADES	EVP/CFO	55.0	Officer	$471,985	$99,227	$571,212
MATTHEW SCHREIBER MD	CHIEF MEDICAL OFFICER	55.0	Key Emp	$603,405	$124,089	$727,494
ZACHARY LIPNER	VP/CHIEF HR OFFICER	55.0	Key Emp	$355,504	$27,071	$382,575
AMY DORAN	VP PATIENT CARE SERVICES	55.0	Key Emp	$330,864	$48,714	$379,578
CRAIG SAUNDERS MD	DIVISION DIRECTOR	55.0	Key Emp	$1,648,489	$34,461	$1,983,774
MARK RUSSO MD	PHYSICIAN	50.0	Highest	$1,814,091	$34,394	$1,848,485
FREDERIC SARDARI MD	PHYSICIAN	50.0	Highest	$1,010,323	$43,648	$1,053,971
MUNIR NAZIR MD	PHYSICIAN	50.0	Highest	$917,161	$34,783	$951,944
MARGARITA CAMACHO MD	PHYSICIAN	50.0	Highest	$793,696	$41,964	$835,660
ADAM M KOPELAN MD	CHAIRMAN M.D.	50.0	Highest	$709,300	$46,115	$755,415
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	$644,768,822	$624,309,845	$522,914,238	$20,458,977