HACKENSACK MERIDIAN SCHOOL OF MEDI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

James DeRosa

Phone

9088396787

Tax Period

2021-07-01 to 2022-06-30

HACKENSACK MERIDIAN SCHOOL OF MEDICINE, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $36.1M in total revenue in fiscal year 2021. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $32.4M left a modest 10% surplus.

Mission

A MEDICAL SCHOOL DEDICATED TO EXCELLENCE IN THE TRIPARTITE ACADEMIC MEDICAL MISSIONS OF EDUCATION, SCIENTIFIC RESEARCH, AND CLINICAL CARE.

Program Service Accomplishments

Program 1

Expenses: $32,362,512 Revenue: $29,307,877

PROMOTING THE TRIPARTITE ACADEMIC MEDICAL MISSIONS OF EDUCATION, SCIENTIFIC RESEARCH, AND CLINICAL CARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $6,798,546

Program Service Revenue $28,553,706

Investment Income $0

Other Revenue $754,171

TOTAL REVENUE $36,106,423

Expense Breakdown

Grants Paid $6,704,624

Salaries & Benefits $13,265,871

Fundraising Expenses $0

Program Expenses $32,362,512

Other Expenses $12,392,017

TOTAL EXPENSES $32,362,512

Year-over-Year Comparison

	2021	2020	Change
Revenue	$36,106,423	$22,703,274	+0.6%
Expenses	$32,362,512	$25,759,626	+0.3%
Net Income	$3,743,911	$-3,056,352	-2.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

105

Volunteers

N/A

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

$5,562,425

Total Directors

$5,562,425

Key Employees

$2,098,838

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT C GARRETT FACHE	TRUSTEE - CEO, Hackensack Meridian Health	3.00	Officer Director	$0	$339,021	$5,562,425
BONITA STANTON MD	DEAN-TERMED 1/2022	55.00	Key Emp	$0	$19,700	$1,058,832
JEFFREY BOSCAMP	INTERMIM DEAN	40.00	Key Emp	$0	$78,094	$1,040,006
MIRIAM HOFFMAN	ASSOCIATE DEAN- ACADEMIC AFFAIRS	40.00	Highest	$421,109	$36,450	$457,559
STANLEY TERLECKY	ASSOCIATE DEAN - RESEARCH/CHAIR M.D.	40.00	Highest	$351,446	$37,410	$388,856
JOHN SCHIAVONE	ASSOC DEAN, FINANCE AND OPS	40.00	Highest	$322,175	$27,586	$349,761
OFELIA MARTINEZ	ASST DEAN, MEDICAL EDUCATION	40.00	Highest	$277,604	$11,148	$288,752
KEITH METZGER	ASST DEAN, UNDER GRAD MEDICAL EDUC	40.00	Highest	$250,247	$32,069	$282,316
JOHN F WILLIAMS JR MD	CHAIRPERSON - TRUSTEE	2.00	Officer Director	$0	$0	$0
MARY ANN CHRISTOPHER	VICE CHAIRPERSON - TRUSTEE	2.00	Officer Director	$0	$0	$0
LINDA BOWDEN	SECRETARY - TRUSTEE	2.00	Officer Director	$0	$0	$0
FRANK L FEKETE CPA	TREASURER - TRUSTEE	2.00	Officer Director	$0	$0	$0
WILLIAM J MONTGORIS	TRUSTEE	2.00	Director	$0	$0	$0
AMY CRADIC	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT E O'HARA	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT HEKEMIAN JR	TRUSTEE	2.00	Director	$0	$0	$0
RAYMOND CHAMBERS	TRUSTEE	2.00	Director	$0	$0	$0
JANET CURRIE PHD	TRUSTEE - (TERMED 4/2022)	2.00	Director	$0	$0	$0
ULISES E DIAZ	TRUSTEE	2.00	Director	$0	$0	$0
VAUGHN MCKOY JD	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD PARK	TRUSTEE	2.00	Director	$0	$0	$0
SUZANNE SPERO	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER VELEZ JD	TRUSTEE	2.00	Director	$0	$0	$0
VINCENT AMABILE	TRUSTEE	2.00	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
2022	$36,106,423	$32,362,512	$39,458,744	$3,743,911
2022	$20,661,681	$20,430,050	$62,356,147	$231,631
2021	$22,703,274	$25,759,626	$53,683,933	$-3,056,352
2020	$14,526,420	$21,535,273	$6,929,773	$-7,008,853
2019	$6,753,326	$12,519,264	$5,515,804	$-5,765,938
2018	$35,950	$6,569,904	$4,744,909	$-6,533,954

HACKENSACK MERIDIAN SCHOOL OF MEDICINE