ATLANTICARE HEALTH SYSTEM INC - SUBORDINATES (EIN 900779828) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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 NJ BY PROVIDING QUALITY, PATIENT-CENTERED HEALTHCARE SERVICES.

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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%)

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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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

Governance

Voting Members

110

Independent Members

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

$13,198,776

Total Directors

$6,216,928

Key Employees

Highest Compensated

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

ATLANTICARE HEALTH SYSTEM INC - SUBORDINATES