MONMOUTH MEDICAL CENTER

EIN: 223452412 501(c)(3) Health Care

LONG BRANCH, NJ

Total Revenue
$542,448,033
Total Expenses
$487,820,464
Total Assets
$770,048,613
Net Assets
$470,403,218
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NJ
Principal Officer
WILLIAM S ARNOLD
Phone
9733224032
Tax Period
2018-01-01 to 2018-12-31

MONMOUTH MEDICAL CENTER, founded in 1996, is a major nonprofit in the Health Care sector that reported $542.4M in total revenue in fiscal year 2018. Expenses of $487.8M left a modest 10% surplus.

Mission

TO MEET THE HEALTHCARE NEEDS OF OUR COMMUNITY BY PROVIDING COST-EFFECTIVE QUALITY CARE, TO EDUCATE HEALTHCARE PROVIDERS & TO PROVIDE CONTINUUM OF REGIONAL TERTIARY CARE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $7,477,221
Program Service Revenue $530,243,212
Investment Income $3,243,628
Other Revenue $1,483,972
TOTAL REVENUE $542,448,033

Expense Breakdown

Grants Paid $392,893
Salaries & Benefits $208,082,238
Fundraising Expenses $0
Program Expenses $439,077,706
Other Expenses $279,345,333
TOTAL EXPENSES $487,820,464

Year-over-Year Comparison

2018 2017 Change
Revenue $542,448,033 $522,271,429 +0.0%
Expenses $487,820,464 $461,419,911 +0.1%
Net Income $54,627,569 $60,851,518 -0.1%
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
41
Independent Members
38
Employees
3634
Volunteers
629

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
10
$2,526,764
Total Directors
46
$92,885
Key Employees
9
$4,821,855
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT P HERRMANN CHAIRMAN - TRUSTEE 1.0
Officer Director
$0 $0 $0
RAYMOND F SHEA JR ESQ VICE CHAIRMAN - TRUSTEE 1.0
Officer Director
$0 $0 $0
ANN UNTERBERG VICE CHAIR - TRUSTEE 1.0
Officer Director
$0 $0 $0
FRANK CIESLA ESQ SECRETARY - TRUSTEE 1.0
Officer Director
$0 $0 $0
JOHN W HEAVEY TREASURER - TRUSTEE 1.0
Officer Director
$0 $0 $0
ANTHONY P TERRACCIANO TREASURER - TRUSTEE 1.0
Officer Director
$0 $0 $0
JAMES G AARON ESQ TRUSTEE 1.0
Director
$0 $0 $0
GEORGE CONWAY TRUSTEE 1.0
Director
$0 $0 $0
ALAN E DAVIS ESQ TRUSTEE 1.0
Director
$0 $0 $0
ANNE EVANS-ESTABROOK TRUSTEE 1.0
Director
$0 $0 $0
VICTOR FERLISE ESQ TRUSTEE 1.0
Director
$0 $0 $0
SEAN GERTNER TRUSTEE 1.0
Director
$0 $0 $0
BENJAMIN R HARVEY III TRUSTEE 1.0
Director
$0 $0 $0
PATRICIA HOWARD TRUSTEE 1.0
Director
$0 $0 $0
CLAIRE M KNOPF TRUSTEE; EX-OFFICIO 1.0
Director
$0 $0 $0
HEYWOOD H KNOPF TRUSTEE 1.0
Director
$0 $0 $0
MICHAEL KOKES TRUSTEE 1.0
Director
$0 $0 $0
RABBI AARON KOTLER TRUSTEE 1.0
Director
$0 $0 $0
BRUCE KRAMER TRUSTEE 1.0
Director
$0 $0 $0
JOSEPH F LAGROTTERIA ESQ TRUSTEE 1.0
Director
$0 $0 $0
GEORGE LAUFENBERG TRUSTEE 1.0
Director
$0 $0 $0
JUDGE LAWRENCE LAWSON TRUSTEE 1.0
Director
$0 $0 $0
JEFFREY LEDERMAN DO TRUSTEE; EX-OFFICIO 25.0
Director
$0 $0 $92,885
JAMES R MAIDA TRUSTEE 1.0
Director
$0 $0 $0
GERALD C MARRONE TRUSTEE 1.0
Director
$0 $0 $0
ANDREW J MELNICK TRUSTEE 1.0
Director
$0 $0 $0
VALERIE MONTECALVO TRUSTEE 1.0
Director
$0 $0 $0
MARY ANNE NAGY TRUSTEE 1.0
Director
$0 $0 $0
VITO R NARDELLI ESQ TRUSTEE 1.0
Director
$0 $0 $0
KIRITKUMAR PANDYA MD TRUSTEE; EX-OFFICIO 1.0
Director
$0 $0 $0
ROBERT PATTON TRUSTEE 1.0
Director
$0 $0 $0
ADAM PFEFFER ESQ TRUSTEE 1.0
Director
$0 $0 $0
RONALD J RICCIO ESQ TRUSTEE 1.0
Director
$0 $0 $0
LOUIS A RODRIGUEZ PE TRUSTEE 1.0
Director
$0 $0 $0
ANDREW SAFRAN TRUSTEE 1.0
Director
$0 $0 $0
PATRICIA SENSI TRUSTEE 1.0
Director
$0 $0 $0
DARSIT SHAH MD TRUSTEE; EX-OFFICIO 1.0
Director
$0 $0 $0
DAVID SICKEL TRUSTEE 1.0
Director
$0 $0 $0
ROBERT SICKEL TRUSTEE 1.0
Director
$0 $0 $0
ANDREW SUN MD TRUSTEE; EX-OFFICIO 1.0
Director
$0 $0 $0
BETTE UHRMACHER ESQ TRUSTEE 1.0
Director
$0 $0 $0
ROBERT BUTTERS TRUSTEE (TERM 6/1/18) 1.0
Director
$0 $0 $0
PETER L CARTON ESQ TRUSTEE (TERM 5/1/18) 1.0
Director
$0 $0 $0
GREGORY M FROMKIN TRUSTEE (TERM 5/1/18) 1.0
Director
$0 $0 $0
KAREN M SICILIANO TRUSTEE (TERM 5/1/18) 1.0
Director
$0 $0 $0
FRED VAN LOOY TRUSTEE (TERM 5/17/18) 1.0
Director
$0 $0 $0
WILLIAM S ARNOLD CEO 55.0
Officer
$848,400 $184,580 $1,032,980
ERIC W CARNEY COO MMC 55.0
Officer
$496,330 $121,643 $617,973
JOANNA P ZIMMERMAN CFO 55.0
Officer
$479,382 $73,853 $553,235
JUDY CASTELLANO COLORADO COO/CNO MMCSC 55.0
Officer
$283,687 $38,889 $322,576
DEANNA SPERLING RWJBH BEHAVIORAL HEALTH CEO 55.0
Key Emp
$0 $150,244 $640,725
JOSEPH JAEGER DRPH CHIEF ACADEMIC OFFICER 55.0
Key Emp
$306,872 $45,447 $352,319
FRANK J VOZOS MD FACS EXECUTIVE VICE PRESIDENT 55.0
Key Emp
$1,171,877 $219,896 $1,391,773
RAJESH MOHAN MD CHIEF MEDICAL OFFICER 55.0
Key Emp
$409,265 $8,368 $417,633
DIANN JOHNSTON VP PATIENT CARE SVCS/CNO MMC 55.0
Key Emp
$390,901 $17,663 $408,564
RICHARD B KIERNAN VP, CHIEF HR OFFICER-MMC 55.0
Key Emp
$322,669 $36,229 $358,898
JONATHAN P TANGO VP OPERATIONS - MMCSC 55.0
Key Emp
$243,434 $42,733 $286,167
MICHAEL S PERDONI VP OPERATIONS - MMC 55.0
Key Emp
$210,640 $31,440 $242,080
THOMAS HELEOTIS MD VPMA - MMC 55.0
Key Emp
$602,984 $120,712 $723,696
PHILLIP G PASSES VICE PRESIDENT 50.0
Highest
$360,185 $31,391 $391,576
SHIRLEY HWANG VICE PRESIDENT 50.0
Highest
$313,119 $34,921 $348,040
TARA FORMICA KELLY VICE PRESIDENT 50.0
Highest
$254,537 $38,792 $293,329
PATRICIA A MCNAMEE ASST. VP (TERM 12/1/18) 50.0
Highest
$251,997 $15,288 $267,285
ANDREW HARRISON MD PHYSICIAN 50.0
Highest
$249,864 $0 $249,864
MICHAEL MIMOSO FORMER OFFICER 55.0
$0 $237,336 $888,388
GERALD L TOFANI CPA FORMER OFFICER 50.0
$0 $30,131 $567,004
MICHELE H SCHWEERS FORMER OFFICER 55.0
$0 $44,386 $281,069
TODD EUGENE PHILLIPS MD FORMER KEY EMPLOYEE 55.0
$0 $24,932 $465,347
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 $542,448,033 $487,820,464 $770,048,613 $54,627,569
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