ATLANTICARE HEALTH SYSTEM INC - SUBORDINATES

EIN: 900779828 501(c)(3)

EGG HARBOR TOWNSHIP, NJ

Total Revenue
$989,731,151
Total Expenses
$999,172,754
Total Assets
$1,891,124,399
Net Assets
$1,278,100,257
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
Michael J Charlton
Phone
6095697031
Tax Period
2023-01-01 to 2023-12-31

ATLANTICARE HEALTH SYSTEM INC - SUBORDINATES is a major nonprofit that reported $989.7M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATIONS ARE COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF THE RESIDENTS OF NEW JERSEY BY PROVIDING QUALITY, PATIENT-CENTERED HEALTHCARE SERVICES. THE ENTITIES WORK TOGETHER TO PROVIDE MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program Service Accomplishments

Program 1
Expenses: $899,343,204 Revenue: $930,988,795

EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT, EMERGENCY AND VARIOUS OTHER MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR...

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EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT, EMERGENCY AND VARIOUS OTHER MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY AND IN FURTHERANCE OF CHARITABLE TAX-EXEMPT PURPOSES. PLEASE REFER TO THE COMMUNITY BENEFIT STATEMENT IN SCHEDULE O.

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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 $33,542,210
Program Service Revenue $930,988,795
Investment Income $23,504,892
Other Revenue $1,695,254
TOTAL REVENUE $989,731,151

Expense Breakdown

Grants Paid $558,125
Salaries & Benefits $440,627,644
Fundraising Expenses $42,453
Program Expenses $899,343,204
Other Expenses $557,944,532
TOTAL EXPENSES $999,172,754

Year-over-Year Comparison

2023 2022 Change
Revenue $989,731,151 $927,367,580 +0.1%
Expenses $999,172,754 $878,514,364 +0.1%
Net Income $-9,441,603 $48,853,216 -1.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
110
Independent Members
83
Employees
6692
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
25
$13,198,776
Total Directors
44
$6,216,928
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI S HERNDON TRST-AHS PRES/CEO(TERM 6/30/23 55.0
Officer Director
$0 $352,156 $3,633,566
MARILOUISE VENDITTI MD SVP & CMO (TERMED 7/31/23) 55.0
Officer
$0 $15,826 $1,063,607
BLAIR A BERGEN MD TRUSTEE (TERMED) 55.0
Director
$0 $45,011 $1,036,959
HAK J KIM EVP & CFO/PRESIDENT AHN 55.0
Officer
$0 $113,849 $924,793
MICHAEL J CHARLTON TRST-AHS PRES/CEO(EFF 6/1/23) 55.0
Officer Director
$0 $237,152 $791,634
ALVARO F GALVEZ-LIMA MD PHYSICIAN 55.0
Highest
$749,502 $27,928 $777,430
MOHAMMADYASER MOURAD MD CHIEF MEDICAL QUALITY OFFICER 55.0
Highest
$638,621 $119,318 $757,939
DONNA MICHAEL-ZIEREIS ESQ EVP ADMIN/CLO/COS & SECRETARY 55.0
Officer
$0 $102,857 $675,816
RICHARD ZALMAN MD EXECUTIVE MEDICAL DIRECTOR 55.0
Officer
$0 $46,718 $661,876
CATHERINE DILLANE MD PHYSICIAN 55.0
Highest
$599,295 $14,239 $613,534
JAVID IQBAL MD TRUSTEE; EX-OFFICIO 55.0
Director
$0 $50,197 $598,343
LARISA K GOGANZER SVP & CHIEF HOSPITAL EXECUTIVE 55.0
Officer
$508,918 $87,685 $596,603
DENNIS LENNON VP & CHIEF PEOPLE OFFICER 55.0
Officer
$0 $109,583 $596,338
CHRISTOPHER A SCANZERA SVP & CHIEF DIGITAL & INFO OFF 55.0
Officer
$0 $94,163 $570,167
BENJAMIN J NEGLEY VP & COO AHN 55.0
Officer
$460,441 $106,967 $567,408
KATHERINE BIRKENSTOCK VP NURSING/CNO (TERM 11/25/23) 55.0
Officer
$516,630 $39,114 $555,744
GABRIELA ANDRIES MD PHYSICIAN 55.0
Highest
$538,572 $13,432 $552,004
FRANK R CARPENTER SVP, CHIEF ADMIN INT. OFF. 55.0
Officer
$454,197 $52,127 $506,324
JAMES KILMER VP CHIEF ADMIN OFF. CITY 55.0
Officer
$428,982 $75,012 $503,994
VINEET MEGHRAJANI MD PHYSICIAN 55.0
Highest
$472,935 $25,342 $498,277
DEBRA A FOX VP CHIEF TRANSFORMATION OFF. 55.0
Officer
$0 $57,716 $446,215
BARBARA YOUNG VP & CHIEF SUPPLY CHAIN OFF. 55.0
Officer
$337,481 $53,205 $390,686
SAMANTHA A KILEY VP COMM HEALTH & SOCIAL IMPACT 55.0
Officer
$249,413 $42,389 $291,802
ROBERT L SZAPOR AVP BEHAVIORAL HEALTH 55.0
Officer
$189,306 $27,940 $217,246
MONIKA FINNEGAN SR. DIRECTOR & CONTROLLER ABH 55.0
Officer
$194,740 $10,217 $204,957
CHRISTOPHER C APGAR FORMER OFFICER 55.0
$136,748 $5,946 $142,694
SULIN G YAO MD TRUSTEE 40.0
Director
$0 $1,950 $104,426
PRIYESH T THAKKAR DO TRUSTEE 20.0
Director
$45,000 $0 $45,000
THOMAS BRABSON DO TRUSTEE (TERMED) 2.0
Director
$7,000 $0 $7,000
DAVID M GODDARD CHAIRMAN - TRUSTEE 1.0
Officer Director
$0 $0 $0
KENNETH R STEINBERG PE SECRETARY - TRUSTEE 1.0
Officer Director
$0 $0 $0
MARGARET S SYKES RN TREASURER - TRUSTEE 1.0
Officer Director
$0 $0 $0
PACIFICO AGNELLINI ESQ TRUSTEE 1.0
Director
$0 $0 $0
MANUEL E APONTE TRUSTEE; EX-OFFICIO 1.0
Director
$0 $0 $0
EUGENE M ARNONE TRUSTEE 1.0
Director
$0 $0 $0
ROSALIND E KINCAID TRUSTEE 1.0
Director
$0 $0 $0
BRETT MATIK TRUSTEE 1.0
Director
$0 $0 $0
GINA MERRRITT-EPPS ESQ TRUSTEE 1.0
Director
$0 $0 $0
MARISSA TRAVALINE TRUSTEE 1.0
Director
$0 $0 $0
JENNIFER TIOSECO MD TRUSTEE; EX-OFFICIO 1.0
Director
$0 $0 $0
MICHAEL WALSH TRUSTEE 1.0
Director
$0 $0 $0
CHRISTOPHER C CATCHING EDD TRUSTEE (TERMED) 1.0
Director
$0 $0 $0
ALDALBERTO LOPEZ TRUSTEE (TERMED) 1.0
Director
$0 $0 $0
RICHARD S MAIRONE ESQ TRUSTEE (TERMED) 1.0
Director
$0 $0 $0
YOLANDA N MELVILLE ESQ TRUSTEE (TERMED) 1.0
Director
$0 $0 $0
PATRICIA RICH-TUOHY TRUSTEE (TERMED) 1.0
Director
$0 $0 $0
ROBERT L HORDES CHAIRMAN - TRUSTEE 1.0
Officer Director
$0 $0 $0
JOHANNA PERSKIE VICE CHAIR - TRUSTEE 1.0
Officer Director
$0 $0 $0
FATEN DIB SECRETARY - TRUSTEE 1.0
Officer Director
$0 $0 $0
MATHEW D FINKELSON DMD TREASURER - TRUSTEE 1.0
Officer Director
$0 $0 $0
JOHN BECHER DO TRUSTEE 1.0
Director
$0 $0 $0
LOUIS BONGIOVANNI TRUSTEE 1.0
Director
$0 $0 $0
KRISTINA CARR TRUSTEE 1.0
Director
$0 $0 $0
MICHAEL CONNOR ESQ TRUSTEE 1.0
Director
$0 $0 $0
BERNADETTE DOUGHERTY TRUSTEE 1.0
Director
$0 $0 $0
PAUL J GALLAGHER ESQ TRUSTEE 1.0
Director
$0 $0 $0
TIM L GLENN TRUSTEE 1.0
Director
$0 $0 $0
GARY L HANSON TRUSTEE 1.0
Director
$0 $0 $0
ROBERT A HIMMELSTEIN TRUSTEE 1.0
Director
$0 $0 $0
CORNELIUS P MCPEAK TRUSTEE 1.0
Director
$0 $0 $0
ALEXANDER ONOPCHENKO MD TRUSTEE 1.0
Director
$0 $0 $0
FABIO OROZCO MD TRUSTEE 1.0
Director
$0 $0 $0
PAUL PJ PULLIA TRUSTEE 1.0
Director
$0 $0 $0
T ERIC REICH TRUSTEE 1.0
Director
$0 $0 $0
MAUREEN SHAY TRUSTEE 1.0
Director
$0 $0 $0
LARRY J KAUFMAN MD TRUSTEE (TERMED) 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 $989,731,151 $999,172,754 $1,891,124,399 $-9,441,603
2022 $927,367,580 $878,514,364 $1,711,766,496 $48,853,216
2021 $909,225,575 $840,226,347 $1,893,827,880 $68,999,228
2020 $804,268,846 $777,670,498 $1,594,062,500 $26,598,348
2019 $866,318,408 $794,111,488 $1,505,648,389 $72,206,920
2018 $834,189,534 $753,736,183 $1,449,161,769 $80,453,351
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