THE COOPER HEALTH SYSTEM - A NEW JERSEY NON-PROFIT CORPORATION GROUP

EIN: 822771391 501(c)(3) Health Care

CAMDEN, NJ

Total Revenue
$10,894,061
Total Expenses
$9,010,014
Total Assets
$115,071,425
Net Assets
$77,843,886
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
KEVIN O'DOWD
Phone
8563422000
Tax Period
2023-01-01 to 2023-12-31

THE COOPER HEALTH SYSTEM - A NEW JERSEY NON-PROFIT CORPORATION GROUP is a mid-sized nonprofit in the Health Care sector that reported $10.9M in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 17% operating margin.

Mission

COOPER HEALTH SYSTEM IS AN INTEGRATED HEALTH CARE DELIVERY SYSTEM SERVING THE SOUTHERN NEW JERSEY REGION. COOPER HEALTH SYSTEM'S MISSION IS TO SERVE, TO HEAL, TO EDUCATE. COOPER ACCOMPLISHES ITS MISSION THROUGH INNOVATIVE AND EFFECTIVE SYSTEMS TO CARE, AND BY BRINGING PEOPLE AND RESOURCES TOGETHER, CREATING VALUE FOR OUR PATIENTS AND THE COMMUNITY. COOPER'S VISION IS TO BE THE PREMIER HEALTH CARE PROVIDER IN THE REGION, DRIVEN BY ITS EXCEPTIONAL PEOPLE DELIVERING A WORLD CLASS PATIENT EXPERIENCE, ONE PATIENT AT A TIME, AND THROUGH ITS COMMITMENT TO EDUCATING THE PROVIDERS OF THE FUTURE. THESE SUBORDINATES SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF COOPER.

Program Service Accomplishments

Program 1
Expenses: $9,010,014 Revenue: $9,503,202

THE PROGRAM SERVICE ACCOMPLISHMENTS OF THE SUBORDINATE ORGANIZATIONS INCLUDES SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF THE CENTRAL ORGANIZATION COOPER HEALTH SYSTEM. THE COOPER...

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THE PROGRAM SERVICE ACCOMPLISHMENTS OF THE SUBORDINATE ORGANIZATIONS INCLUDES SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF THE CENTRAL ORGANIZATION COOPER HEALTH SYSTEM. THE COOPER HEALTH SYSTEM GROUP RETURN IS COMPRISED OF THREE ORGANIZATIONS: COOPER MEDICAL SERVICES, COOPER HEALTH SYSTEM WORKER'S COMPENSATION TRUST AND COOPER CANCER CENTER. COOPER MEDICAL SERVICES OWNS AND MANAGES A MEDICAL OFFICE BUILDING ON THE CAMPUS OF COOPER HEALTH SYSTEM. (CONTINUED IN SCHEDULE O)COOPER HEALTH SYSTEM WORKER'S COMPENSATION TRUST PROVIDES WORKERS COMPENSATION INSURANCE COVERAGE TO EMPLOYEES OF THE COOPER HEALTH SYSTEM.COOPER CANCER CENTER GROUND LEASES REAL PROPERTY IN CAMDEN, NJ TO MD ANDERSON CANCER CENTER.

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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 $9,503,202
Investment Income $170,414
Other Revenue $1,220,445
TOTAL REVENUE $10,894,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,010,014
Other Expenses $9,010,014
TOTAL EXPENSES $9,010,014

Year-over-Year Comparison

2023 2022 Change
Revenue $10,894,061 $31,306,827 -0.7%
Expenses $9,010,014 $9,667,489 -0.1%
Net Income $1,884,047 $21,639,338 -0.9%
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
5
Independent Members
N/A
Employees
N/A
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
$9,364,490
Total Directors
5
$9,364,490
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN O'DOWD JD TRUS/OFF(CO-PRES/CEO CHS) 2.00
Officer Director
$0 $215,828 $3,320,403
ANTHONY MAZZARELLI MDJDMBE TRUS/OFF(CO-PRES/CEO CHS) 2.00
Officer Director
$0 $215,119 $3,221,154
BRIAN REILLY TRUSTEE/OFFICER (CFO-CHS) 2.00
Officer Director
$0 $151,951 $1,597,084
ELIZABETH GREEN TRUSTEE/OFF (SVP HR-CHS) 1.00
Officer Director
$0 $85,937 $634,844
KENNETH M WRIGHT TREAS (SVP/CAO-CHS) 3.00
Officer Director
$0 $61,701 $591,005
DINA MATHEWS-LAURENDEAU FORMER SEC (DIR DVLPMT-FDN) 0.00
$0 $25,189 $160,683
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 $10,894,061 $9,010,014 $115,071,425 $1,884,047
2022 $31,306,827 $9,667,489 $114,250,762 $21,639,338
2021 $12,310,432 $8,804,704 $99,186,980 $3,505,728
2020 $318,600,681 $495,091,954 $90,622,045 $-176,491,273
2019 $329,902,109 $496,752,725 $92,307,118 $-166,850,616
2018 $314,950,074 $456,728,224 $109,542,168 $-141,778,150
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