Atlantic Health System Inc Group Return

EIN: 651301877 501(c)(3)

Morristown, NJ

Total Revenue
$4,238,572,954
Total Expenses
$4,014,851,524
Total Assets
$6,064,671,986
Net Assets
$3,400,382,104
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Organization Details

Formation Year
1996
Legal Domicile
NJ
Principal Officer
Michael Walter
Phone
9736603100
Tax Period
2023-01-01 to 2023-12-31

Atlantic Health System Inc Group Return, founded in 1996, is a large national nonprofit that reported $4.2B in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.0B left a modest 5% surplus.

Mission

Designing and delivering high quality, innovative and personalized health care, to build healthier communities and improve lives for patients, consumers, and caregivers.

Program Service Accomplishments

Program 1
Expenses: $3,359,944,993 Revenue: $4,017,070,715

This group return consists of five not-for-profit hospitals (AHS Hospital Corp), a not-for-profit physicians practice (Practice Associates Medical Group PC) a not-for-profit ambulance corporation...

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This group return consists of five not-for-profit hospitals (AHS Hospital Corp), a not-for-profit physicians practice (Practice Associates Medical Group PC) a not-for-profit ambulance corporation (Atlantic Ambulance Corp), a not-for-profit Primary Care and OB/GYN Medical Center (Medical Center Partners, Inc.) and a not-for-profit emergency ambulance service for Hackettsown, NJ and community (Hackettsown Regional Medical Center Emergency Medical Services, Inc.).Continued on Schedule O AHS Hospital Corp.(the "Hospital") is comprised of five hospitals, the Morristown Medical Center ("Morristown Division"), the Overlook Medical Center ("Overlook Division"), the Newton Medical Center ("Newton Division"),the Chilton Medical Center ("Chilton Division"), Hackettstown Medical Center ("Hackettstown Division") and Practice Associates Medical Group (PAMG). The Hospital and PAMG are organized under the not-for-profit corporation law of the State of New Jersey and are exempt from Federal income tax under Section 501(c) (3) of the Internal Revenue Code. The Hospital provides regional health care services including a broad range of adult, pediatric, obstetrical/gynecological, psychiatric, oncology, intensive care, cardiac care and newborn acute care services to patients from the counties of Morris, Essex, Passaic, Sussex, Bergen, Hunterdon, Union, Warren and Somerset in New Jersey, Pike County in Pennsylvania and southern Orange County in New York.The Hospital is also a regional health trauma center that provides tri-state coverage and provides numerous outpatient ambulatory services, rehabilitation and skilled care and emergency care.Practice Associates Medical Group doing business as Atlantic Medical Group, PA ("AMG") is a faculty plan serving all of the Hospital divisions. It is a nonprofit coroporation and an organization described in Section 501(c)(3) of the Internal Revenue Code. Originally formed to provide billing and collection services for fees generated by physicians employed by the hospital division, AMG now serves as physician-governed group practice entity with more than 1,100 providers. AMG supports the System by improving consistency, enhancing collaboration among delivering care and optimizing care system operations.Atlantic Amblulance Corp (the "Company") was established as a not-for-profit organization of Augst 3, 2001 in the State of New Jersey, exempt from income tax under Section 501(c)(3) of the Internal Revenue Code. The Company in organized for scientific, educational and charitable purposes to sponsor, promote and assist in the establishment or maintenance of activities relating to the improvement of human health and to maintain and operate a system for providing land and air based ambulance services, primarily in New Jersey. The Company's sole member is Atalntic Health System, Inc. , a New Jersey based not-for-profit corporation.The ambulance company (Atlantic Ambulance Corp) is a not-for-profit organization established for scientific, educational and charitable purposes to sponsor, promote and assist in the establishment or maintenance of activities relating to the improvement of human health and to maintain and operate a system for providing ambulance services, including mobile intensive care unit services together with related emergency medical services, primarily in New Jersey. Medical Center Partners, Inc. opened in 2012 with two offices according to the needs assessment of the community: A Primary Care and OB/GYN.Hackettstown Regional Medical Center Emergency Medical Services, Inc. (HRMC-EMS) provides emergency ambulance service for Hackettstown, NJ and the surrounding communities. HRMC-EMS also provides patient transportation services for HRMC patients and residents/patients of other institutions such as assisted living facilities and nursing homes. Van service is also provided for outpatients in need of transportation. HRMC-EMS also provides 911 ambulance service for residents of Mount Olive Township, Knowlton Township, Roxbury and Long Valley, NJ.The following 4 entities provide assistance to older people and their caregivers by assisting them with finding the health care services and community resources that they need to live longer, healthier and more active lives. It provides skilled and compassionate support to the residents of Essex, Hunterdon, Morris, Passaic, Somerset, Sussex, Union and Warren Counties in New Jersey and Pike County in Pennsylvania.1 Adult Day Center of the Visiting Nurse Association of Somerset Hills, Inc.is an adult day services in Basking Ridge, NJ. 2. Visiting Nurse Association of Somerset Hills, Inc. is home health services.3. Visiting Nurse Association of Visiting Nurse Association of Somerset Hills Community Health Services, Inc. provides community health services.4. Visiting Nurse of Somerset Hills Home Health & Hospice Services, Inc. provides home health and hospice services.Atlantic Core Therapy and Wellness PA is a Corporation organized to engage in the business of rendering the same professional services to the public that a Doctor of Medicine or Osteopathy is authorized to render and any closely allied services. The Corporation is organized and will be operated exclusively to further the charitable purposes of Atlantic Health System, Inc. and AHS Hospital Corp.Eye Care of Practice Associates PA is a Corporation organized to engage in the business of rendering the same professional services to the public that a Doctor of Medicine or Osteopathy is authorized to render and any closely allied services. The Corporatoin is organized and will be operated exclusively to further the charitbale purposes of Atlantic Health System, Inc. and AHS Hospital Corp.

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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 $122,508,809
Program Service Revenue $4,018,853,750
Investment Income $70,634,864
Other Revenue $26,575,531
TOTAL REVENUE $4,238,572,954

Expense Breakdown

Grants Paid $1,266,526
Salaries & Benefits $2,245,822,557
Fundraising Expenses $3,430,879
Program Expenses $3,359,944,993
Other Expenses $1,767,762,441
TOTAL EXPENSES $4,014,851,524

Year-over-Year Comparison

2023 2022 Change
Revenue $4,238,572,954 $3,872,357,033 +0.1%
Expenses $4,014,851,524 $3,678,533,824 +0.1%
Net Income $223,721,430 $193,823,209 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
41
Independent Members
16
Employees
23126
Volunteers
1257

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
20
$38,010,339
Total Directors
40
$32,849,152
Key Employees
4
$7,593,574
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Samantha Pozner MD Trustee-AHS 2.00
Director
$96,155 $0 $96,155
Albert Ritter MD Trustee-Atlantic Ambulance 2.00
Director
$0 $0 $0
Dennis Wilson Trustee-AHS 2.00
Director
$0 $0 $0
Jeanine Liburd Trustee-AHS 2.00
Director
$0 $0 $0
Brian Gragnolati President & CEO 55.00
Officer Director
$8,373,068 $1,137,448 $9,510,516
Christopher R Reidy Trustee-AHS 2.00
Director
$0 $0 $0
David Ferguson AA Director Trustee-Atlantic Ambulance 55.00
Director
$351,340 $34,080 $385,420
Arthur Orduna Trustee-AHS 2.00
Director
$0 $0 $0
Domenick Randazzo MD PAMG-Trustee 55.00
Director
$572,245 $33,775 $606,020
Grant Parr MD Trustee-AHS 2.00
Director
$0 $0 $0
Finn Wentworth Trustee-AHS 2.00
Director
$0 $0 $0
John Calicchio MD PAMG-Trustee 55.00
Director
$334,600 $31,706 $366,306
John F Vigorita MD Trustee-AHS 2.00
Director
$0 $0 $0
David Peterson Trustee-Atlantic Ambulance 2.00
Director
$200,775 $32,305 $233,080
Katharine Driebe VP of Finance 55.00
Officer Director
$787,518 $119,910 $907,428
Kevin Lenahan EVP,Chief Bus & Strategy 55.00
Officer Director
$6,754,515 $406,954 $7,161,469
Laura A Kelly Trustee-AHS Vice Chair 2.00
Officer Director
$0 $0 $0
Navpreet Minhas MD PAMG-TTE Vice Chair 55.00
Officer Director
$416,910 $30,375 $447,285
Peter Bolo MD PAMG-Trustee 55.00
Director
$508,257 $50,000 $558,257
Jeanine Bulan MD PAMG-Trustee 55.00
Director
$399,767 $33,328 $433,095
Richard W Herbst Trustee-AHS 2.00
Director
$0 $0 $0
Robert E McCracken Trustee-AHS Chairman 2.00
Officer Director
$0 $0 $0
Sean Nicholson Trustee-AHS 2.00
Director
$0 $0 $0
Seth Stoller MD PAMG-Trustee 55.00
Director
$612,663 $29,980 $642,643
Sheilah O'Halloran EVP,General Counsel 55.00
Officer Director
$1,616,347 $272,919 $1,889,266
Steven Sheris MD EVP,Chief Phy Exec 55.00
Officer Director
$1,817,270 $282,400 $2,099,670
Shai Gavi MD PAMG-Trustee 55.00
Director
$474,887 $29,446 $504,333
Theresa Giannattasio DO PAMG-Trustee 55.00
Director
$210,251 $19,525 $229,776
Christina Johnson MD PAMG-Trustee 55.00
Director
$470,798 $21,277 $492,075
Jessica Petilla-Onorato MD PAMG-Trustee 55.00
Director
$373,041 $25,286 $398,327
Jason Smith MD PAMG-Trustee 55.00
Director
$994,359 $29,427 $1,023,786
Lee Starker MD PAMG-Trustee 55.00
Director
$1,362,459 $29,365 $1,391,824
Anthony Frisoli MD PAMG-Trustee 55.00
Director
$287,154 $4,596 $291,750
Charles Reid III Trustee-VNASH Organization 2.00
Director
$0 $0 $0
Scott Leighty EVP,Chief Health Sy Officer 55.00
Officer Director
$1,464,724 $236,487 $1,701,211
Michael Walter SVP,Chief Financial Office 55.00
Officer Director
$971,184 $137,577 $1,108,761
Robert Pedowitz DO PAMG-Trustee 55.00
Director
$336,671 $34,028 $370,699
Justice Jaynee LaVecchia Trustee-AHS 2.00
Director
$0 $0 $0
Mai Pham MD Trustee-AHS 2.00
Director
$0 $0 $0
Michael Ranger Trustee-AHS 2.00
Director
$0 $0 $0
Christopher Herzog PAMG,VP & COO 55.00
Officer
$736,807 $95,317 $832,124
Christopher Zipp MD PAMG-Physician 55.00
Officer
$608,497 $41,303 $649,800
Frederico Cerrone MD PAMG-Chair 55.00
Officer
$759,425 $26,446 $785,871
Nichell Sumpter EVP,Chief Admin Officer 55.00
Officer
$1,570,206 $243,678 $1,813,884
Patricia O'Keefe SVP,Pres MMC 55.00
Officer
$1,781,450 $250,125 $2,031,575
Robert Adams Jr SVP,Pres West Region 55.00
Officer
$1,088,433 $146,989 $1,235,422
Stephanie Schwartz SVP,Pres OMC 55.00
Officer
$1,345,679 $179,808 $1,525,487
Suja Mathew EVP,Chief Clinical Officer 55.00
Officer
$1,364,036 $223,531 $1,587,567
Maureen Schneider SVP,Pres CMC 55.00
Officer
$949,148 $121,265 $1,070,413
Sunil Dadlani EVP,Chief-Inf/Dig Trans Of 55.00
Officer
$1,414,223 $238,367 $1,652,590
Eric Whitman MD Physician 55.00
Key Emp
$1,070,539 $50,002 $1,120,541
James Wittig MD Physician-Chair 55.00
Key Emp
$3,829,922 $19,886 $3,849,808
Rolando Rolandelli MD Chairman-Dep of Surgery 55.00
Key Emp
$1,002,452 $50,002 $1,052,454
Madeline Ferraro VP,Gov't and Public Affair 55.00
Key Emp
$1,459,004 $111,767 $1,570,771
Jeffrey Leary Physician 55.00
Highest
$1,408,581 $28,357 $1,436,938
Mark Widmann Physician 55.00
Highest
$1,674,383 $29,553 $1,703,936
Philippe Genereux MD Physician 55.00
Highest
$1,621,621 $32,553 $1,654,174
Tom Thomas Physician 55.00
Highest
$1,736,207 $30,842 $1,767,049
Sean Calhoun Physician 55.00
Highest
$1,629,424 $30,054 $1,659,478
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 $4,238,572,954 $4,014,851,524 $6,064,671,986 $223,721,430
2022 $3,872,357,033 $3,678,533,824 $5,605,741,294 $193,823,209
2021 $3,748,525,032 $3,321,740,050 $6,054,115,074 $426,784,982
2020 $3,254,347,552 $3,049,595,629 $5,017,677,177 $204,751,923
2019 $3,192,117,132 $2,959,697,935 $4,156,051,315 $232,419,197
2018 $2,911,013,164 $2,780,694,736 $3,432,959,938 $130,318,428
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