Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $562,130

• 1d · Related organizations

  $6,327,959

• 1e · Government grants (contributions)

  $23,019,544

• 1f · All other contributions, gifts and grants

  $2,392,124

• 1g · Noncash contributions included above

  $31,083

• 2a · Program service revenue: NET PATIENT SRVC REV.

  total $810,389,947 · related or exempt $810,389,947

• 2b · Program service revenue: PHYSICIAN BILLING

  total $48,185,649 · related or exempt $48,185,649

• 3 · Investment income

  total $20,858,343 · excluded $20,858,343

• 6a · Gross rents

  real property $2,809,014

• 6b · Less rental expenses

  real property $755,254

• 6c · Rental income or loss

  real property $2,053,760

• 6d · Net rental income or loss

  total $2,053,760 · unrelated business $501,033 · excluded $1,552,727

• 7a · Gross sales of assets other than inventory

  securities $81,993,181 · other assets $153,435

• 7b · Less cost or other basis and sales expenses

  securities $82,795,172 · other assets $0

• 7c · Gain or loss

  securities -$801,991 · other assets $153,435

• 7d · Net gain or loss

  total -$648,556 · excluded -$648,556

• 8a · Fundraising events: gross income

  $899,095

• 8a · Fundraising events: contributions included on line 1c

  $562,130

• 8b · Fundraising events: direct expenses

  $657,763

• 8c · Net income from fundraising events

  total $241,332 · excluded $241,332

• 9a · Gaming: gross income

  $19,050

• 9b · Gaming: direct expenses

  $9,525

• 9c · Net income from gaming

  total $9,525 · excluded $9,525

• 11a · Other revenue: PHARMACY

  total $8,408,854 · related or exempt $8,376,515 · unrelated business $32,339

• 11b · Other revenue: PARKING

  total $3,357,518 · excluded $3,357,518

• 11c · Other revenue: EDUCATION/TRAINING

  total $2,142,624 · related or exempt $2,142,624

• 11d · All other revenue

  total $38,778,259 · unrelated business $437,092 · excluded $38,341,167

• 11e · Other revenue, total

  $52,687,255

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,460,578 · program services $6,460,578

• 2 · Grants to domestic individuals

  total $10,000 · program services $10,000

• 5 · Compensation of officers, directors and key employees

  total $14,137,766 · program services $9,011,301 · management and general $2,323,316 · fundraising $2,803,149

• 6 · Compensation of disqualified persons

  total $1,243,637 · program services $792,684 · management and general $204,372 · fundraising $246,581

• 7 · Other salaries and wages

  total $445,815,184 · program services $396,462,465 · management and general $47,358,032 · fundraising $1,994,687

• 8 · Pension plan contributions

  total $13,257,196 · program services $11,946,225 · management and general $1,310,971

• 9 · Other employee benefits

  total $46,640,826 · program services $41,848,013 · management and general $4,612,416 · fundraising $180,397

• 10 · Payroll taxes

  total $31,414,322 · program services $28,307,839 · management and general $3,106,483

• 11b · Fees: legal

  total $1,572,907 · program services $1,417,366 · management and general $155,541

• 11c · Fees: accounting

  total $600,000 · program services $540,668 · management and general $59,332

• 11d · Fees: lobbying

  total $293,481 · program services $264,459 · management and general $29,022

• 11f · Fees: investment management

  total $933,906 · program services $822,720 · management and general $92,375 · fundraising $18,811

• 11g · Fees: other

  total $3,493,003 · program services $3,147,589 · management and general $345,414

• 12 · Advertising and promotion

  total $986,026 · program services $888,520 · management and general $97,506

• 13 · Office expenses

  total $34,780,108 · program services $31,340,791 · management and general $3,439,317

• 14 · Information technology

  total $18,833,560 · program services $16,971,157 · management and general $1,862,403

• 16 · Occupancy

  total $70,586,373 · program services $63,606,265 · management and general $6,980,108

• 17 · Travel

  total $542,122 · program services $488,513 · management and general $53,609

• 20 · Interest

  total $14,948,764 · program services $13,572,605 · management and general $1,376,159

• 22 · Depreciation, depletion and amortization

  total $37,223,665 · program services $33,584,563 · management and general $3,639,102

• 23 · Insurance

  total $17,438,444 · program services $15,714,000 · management and general $1,724,444

• 24a · Other expenses: MEDICAL SUPPLIES EXP.

  total $131,356,661 · program services $110,555,383 · management and general $20,801,278

• 24b · Other expenses: PHYSICIAN FEES

  total $24,373,075 · program services $21,962,883 · management and general $2,410,192

• 24c · Other expenses: EQUIP REPAIR/MAINT.

  total $5,286,158 · program services $5,286,158

• 24d · Other expenses: BAD DEBT

  total $500,003 · program services $500,003

• 24e · All other expenses

  total $18,557,578 · program services $18,557,578

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $34,500,555 · end of year $4,534,889

• 2 · Savings and temporary cash investments

  beginning of year $17,032,394 · end of year $17,753,308

• 3 · Pledges and grants receivable

  beginning of year $13,160,689 · end of year $22,794,764

• 4 · Accounts receivable

  beginning of year $80,209,783 · end of year $92,835,094

• 5 · Loans and receivables from officers and key people

  beginning of year $268,794 · end of year $267,544

• 7 · Other notes and loans receivable

  beginning of year $1,703,188 · end of year $1,269,908

• 8 · Inventories for sale or use

  beginning of year $25,161,689 · end of year $24,455,734

• 9 · Prepaid expenses and deferred charges

  beginning of year $13,822,979 · end of year $19,642,992

• 10a · Land, buildings and equipment: cost or other basis

  $1,001,853,607

• 10b · Land, buildings and equipment: accumulated depreciation

  $627,218,953

• 10c · Land, buildings and equipment, net

  beginning of year $372,905,204 · end of year $374,634,654

• 11 · Investments: publicly traded securities

  beginning of year $93,315,330 · end of year $79,016,282

• 12 · Investments: other securities

  beginning of year $334,014,881 · end of year $264,483,001

• 14 · Intangible assets

  beginning of year $2,110,000 · end of year $2,110,000

• 15 · Other assets

  beginning of year $93,389,729 · end of year $173,600,873

• 17 · Accounts payable and accrued expenses

  beginning of year $180,059,269 · end of year $208,883,870

• 19 · Deferred revenue

  beginning of year $28,416,000 · end of year $12,400,932

• 20 · Tax-exempt bond liabilities

  beginning of year $249,955,000 · end of year $302,710,633

• 23 · Secured mortgages and notes payable

  beginning of year $81,200,000 · end of year $40,600,000

• 25 · Other liabilities

  beginning of year $198,994,014 · end of year $172,029,102

• 27 · Net assets without donor restrictions

  beginning of year $299,641,083 · end of year $306,618,488

• 28 · Net assets with donor restrictions

  beginning of year $43,329,849 · end of year $34,156,018

The filer's explanations (Part III)

PART I, LINES 4A-B

SEVERANCE PAYMENTS WERE MADE IN 2022 TO THE FOLLOWING INDIVIDUALS: ROBERT HOOD - $411,058 JAMES HAYNES - $223,655 DENNIS ROEMER - $413,921 JUDITH PADULA - $412,574 VICKI CLEVENGER - $154,538

PART I, LINE 4B:

PARTICIPANTS WHO ARE EMPLOYED THROUGHOUT A PLAN YEAR SHALL BE ELIGIBLE FOR THE PLAN CONTRIBUTIONS FOR SUCH PLAN YEAR. PARTICIPANTS WHO ARE HIRED AFTER THE START OF A PLAN YEAR OR WHO BECOME ELIGIBLE FOR PARTICIPATION DURING THE COURSE OF A PLAN YEAR DUE TO PROMOTION SHALL BE ELIGIBLE TO RECEIVE A PRO-RATED SERP CONTRIBUTION. IN 2022, CERTAIN EXECUTIVES PARTICPATED IN THE 457F (SERP) PROGRAM. THE FOLLOWING CONTRIBUTIONS WERE MADE IN 2022: KEVIN J. SLAVIN - $381,129 CASWELL SAMMS - $106,969 TODD C. BROWER - $95,685 JENNIFER MENDRZYCKI - $90,000 JOSEPH DUFFY, MD - $78,750 LISA SCHMITTGALL - $71,250 LINDA A. REED - $71,779 KEBIN BROWNE - $67,500 PIA HOUSE WALKER - $66,130 CHRISTOPHER TROTZ, MD - $57,000 PADMAJA UPADYA, MD - $36,000 MICHAEL ALWELL - $57,709 KENNETH M. MORRIS - $39,000 SISTER PATRICIA MENNOR - $ 34,709 THOMAS CASEY - $ 35,674 ROBERT BUDLEMAN, III - $35,711 JANE WHITE - $30,420 MICHAEL CAIROLI - $30,307 ANTHONY TESORIERO -$36,000 VICKI CLEVENGER - $15,202 JANINE BEGASSE - $27,346 DEBORAH SMITH - $10,598

PART I, LINE 7:

THE ST. JOSEPH'S HEALTH SYSTEM HAS A MANAGEMENT INCENTIVE PLAN IN PLACE THAT IS INTENDED TO ENCOURAGE AND REWARD ELIGIBLE PLAN PARTICIPANTS FOR ACHIEVING DEFINED OBJECTIVES THAT ARE SUPPORTIVE OF ST. JOSEPH'S HEALTHCARE SYSTEM'S MISSION AND STRATEGY. THE PROGRAM IS DESIGNED TO PROVIDE A MAXIMUM INCENTIVE OPPORTUNITY TO PARTICIPANTS WHOM ACHIEVE THE MAXIMUM PERFORMANCE AND EXPECTATIONS IN MEASUREABLE AREAS. ELIGIBLE PARTICIPANTS SHALL BE THOSE INCUMBENTS IN MANAGEMENT POSITIONS IN WHICH DECISION AND ACTIONS IMPACT THE OPERATIONS OF ST. JOSEPH'S HEALTHCARE SYSTEM AND/OR ITS BUSINESSES AND SUBSIDIARIES. ELIGIBILITY REQUIREMENTS MAY BE MODIFIED FROM YEAR TO YEAR. THE AWARD OPPORTUNITIES WILL BE BASED ON ATTAINMENT OF PRACTICAL PERFORMANCE MEASURES IN THE AREAS OF FINANCIAL, QUALITY PERFORMANCE, PATIENT SATISFACTION AND INDIVIDUAL GOALS. THE AWARD IS THE AMOUNT PAID TO PARTICIPANTS FOR THE ACTUAL PERFORMANCE THAT MEETS THE EXPECTATIONS OF THE CRITERIA ESTABLISHED. AT THE CLOSE OF EACH PLAN YEAR, PARTICIPANTS WILL BE EVALUATED TO DETERMINE IF PERFORMANCE IN SPECIFIC GOALS HAVE BEEN ACHIEVED.

PART I, LINE 8:

DURING 2022, THE HOSPITAL'S CEO AND CFO WERE COMPENSATED AND PROVIDED WITH BENEFITS PURSUANT TO AN EMPLOYMENT AGREEMENT SATISFYING THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGS. SECTION 53.4958-1(A)(3).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ST JOSEPH'S HEALTH PHARMACY LLC

  PHARMACY · NJ

  Directly controlled by SJUMC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• VHSNJ AT HOME

  RELATED · HEALTHCARE · NJ · 50% owned · share of income $3,599,661

  Directly controlled by SJUMC

• ST JOSEPH'S SURGERY MANAGEMENT

  RELATED · MGMT SERVICES · NJ · 62.79% owned

• ST JOSEPH'S HOME HEALTH LLC

  RELATED · SHELL · NJ · 50% owned

• WAYNE VALLEY IMAGING INC

  RELATED · HEALTHCARE · NJ · 50% owned · share of income $307,053 · share of assets $1,037,072

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SJHS INSURANCE LIMITED

  C · CAPTIVE INSURANCE · BD · controlled entity

• ST JOSEPH'S HOSPITAL HOUSING CORP

  C · HOUSING · NJ · 100% owned · controlled entity

  Directly controlled by SJUMC

• ST JOSEPH'S HEALTH PARTNERS LLC

  C · VALUE BASED MANAGED CARE · NY · controlled entity

  Directly controlled by SJ HEALTH INC