SAINT PETERS HEALTHCARE SYSTEM INC

EIN: 262019056 501(c)(3)

NEW BRUNSWICK, NJ

Total Revenue
$57,107,559
Total Expenses
$56,255,619
Total Assets
$123,309,760
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NJ
Principal Officer
LESLIE D HIRSCH FACHE
Phone
7327458600
Tax Period
2023-01-01 to 2023-12-31

SAINT PETERS HEALTHCARE SYSTEM INC, founded in 2007, is a mid-sized nonprofit that reported $57.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF SAINT PETER'S HEALTHCARE SYSTEM AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $57,216,061
Investment Income $-108,502
Other Revenue $0
TOTAL REVENUE $57,107,559

Expense Breakdown

Grants Paid $161,672
Salaries & Benefits $31,972,166
Fundraising Expenses $0
Program Expenses $44,924,641
Other Expenses $24,121,781
TOTAL EXPENSES $56,255,619

Year-over-Year Comparison

2023 2022 Change
Revenue $57,107,559 $52,401,863 +0.1%
Expenses $56,255,619 $52,578,363 +0.1%
Net Income $851,940 $-176,500 -5.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
225
Volunteers
12

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
$3,678,113
Total Directors
15
$2,018,484
Key Employees
7
$4,245,761
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLIE D HIRSCH FACHE TRUSTEE - PRESIDENT/CEO 55.0
Officer Director
$1,703,149 $315,335 $2,018,484
GARRICK J STOLDT FHFMA CPA TREASURER - CFO 55.0
Officer
$824,300 $121,387 $945,687
ALMA S RATCLIFFE MD VP; CHIEF CLINICAL TRANSF. OFF 55.0
Key Emp
$761,241 $102,346 $863,587
JORDAN M TANNENBAUM MD MBA VP; CIO/CMIO 55.0
Key Emp
$684,863 $105,762 $790,625
NIRANJAN V RAO MD CHIEF MEDICAL OFFICER 55.0
Officer
$616,194 $97,748 $713,942
ALYSSA A VERDERAMI ESQ SECRETARY-VP LEGAL & RISK MGMT 55.0
Key Emp
$555,474 $101,794 $657,268
LISA M DRUMBORE VP; CHIEF EXPERIENCE OFFICER 55.0
Key Emp
$442,307 $81,876 $524,183
JAMES S CHOMA VP; CATHOLIC MISSION & CDO 55.0
Key Emp
$408,247 $77,947 $486,194
Laura Atkinson VP; CHIEF HR OFF.(EFF 3/20/23) 55.0
Key Emp
$403,298 $64,265 $467,563
BARBARA J GRIFFITHS-WELSH CHIEF COMPLIANCE OFFICER 55.0
Key Emp
$376,216 $80,125 $456,341
DOREEN STEVENSON DIRECTOR OF FINANCE 55.0
Highest
$269,415 $47,010 $316,425
WILLIAM J REARS CHIEF TECHNOLOGY OFFICER 55.0
Highest
$270,798 $43,471 $314,269
MICHELE N GIULIANO CMPE EXECUTIVE DIRECTOR 55.0
Highest
$260,151 $46,212 $306,363
NICHOLAS J LACERENZA CONTROLLER 55.0
Highest
$285,824 $15,424 $301,248
CINDY T KOTTLER SR. DIRECTOR APPLICATIONS 55.0
Highest
$252,655 $34,705 $287,360
VINCENT J DICKS CHAIRMAN - TRUSTEE 1.0
Officer Director
$0 $0 $0
RACHEAL ANKRAH-FOSU TRUSTEE 1.0
Director
$0 $0 $0
JUDITH T CARUSO DNP MBA TRUSTEE 1.0
Director
$0 $0 $0
Maureen Cernadas MD Trustee 1.0
Director
$0 $0 $0
LEONARDO DECANDIA TRUSTEE 1.0
Director
$0 $0 $0
REV MONSIGNOR JOHN N FELL TRUSTEE 1.0
Director
$0 $0 $0
ALFRED J GABURO JR TRUSTEE 1.0
Director
$0 $0 $0
CHRISTOPHER GRIBBON MD Trustee 1.0
Director
$0 $0 $0
KEVIN NINI MD TRUSTEE 1.0
Director
$0 $0 $0
CAROL A PURCELL TRUSTEE 1.0
Director
$0 $0 $0
DAVID SAMUEL PE PP CME TRUSTEE 1.0
Director
$0 $0 $0
Rev Jon Toborowsky VG Trustee 1.0
Director
$0 $0 $0
REV TIMOTHY A CHRISTY VG Trustee (Termed 6/1/2023) 1.0
Director
$0 $0 $0
BORISLAV STOEV DO FACEP Trustee (Termed 1/10/2023) 1.0
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $57,107,559 $56,255,619 $123,309,760 $851,940
2022 $52,401,863 $52,578,363 $114,174,489 $-176,500
2021 $48,745,872 $48,501,172 $107,997,604 $244,700
2020 $49,324,205 $48,852,345 $98,873,418 $471,860
2019 $46,045,201 $45,246,301 $93,221,422 $798,900
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