Morristown, NJ
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Sign In — Free (10 views/day)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.
Designing and delivering high quality, innovative and personalized health care, to build healthier communities and improve lives for patients, consumers, and caregivers.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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