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← PRINCETON HEALTHCARE SYSTEM A NEW JERSEY NON-PROFIT CORP

Form 990 for tax year 2023

Filed by PRINCETON HEALTHCARE SYSTEM A NEW JERSEY NON-PROFIT CORP.

Totals

Total revenue
$612,316,567
Total expenses
$622,239,866
Contributions and grants received
$1,836,899
Grants paid
$0
Program services expenses (Part IX)
$571,665,710
Management and general expenses
$50,574,156
Fundraising expenses
$0
Program service expenses (Part III)
$571,665,710

Program services were 91.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KEVIN B MAHONEY

    CEO - UPHS

    Total calculated
    $2,797,907
    From this org
    $0
    From related orgs
    $2,777,146
    Other
    $20,761
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,801,543 related
    Bonus
    $0 + $938,400 related
    Other
    $0 + $37,203 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,761 related
    Filer's total
    $0 + $2,797,907 related
  • ROBERT VONDERHEIDE MD

    TRUSTEE

    Total calculated
    $1,026,545
    From this org
    $0
    From related orgs
    $964,230
    Other
    $62,315
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,395 related
    Bonus
    $0 + $270,682 related
    Other
    $0 + $70,153 related
    Deferred
    $0 + $44,764 related
    Nontaxable benefits
    $0 + $17,551 related
    Filer's total
    $0 + $1,026,545 related
  • JAMES G DEMETRIADES

    PRESIDENT & CEO

    Total calculated
    $924,794
    From this org
    $827,126
    From related orgs
    $0
    Other
    $97,668
    Hours/week
    47 + 8 related

    Schedule J breakdown matched by us

    Base
    $514,858
    Bonus
    $219,383
    Other
    $92,885
    Deferred
    $79,500
    Nontaxable benefits
    $18,168
    Filer's total
    $924,794
  • CRAIG GRONCZEWSKI MD

    SENIOR VP MEDICAL AFFAIRS

    Total calculated
    $535,811
    From this org
    $512,003
    From related orgs
    $0
    Other
    $23,808
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $423,748
    Bonus
    $87,410
    Other
    $845
    Deferred
    $0
    Nontaxable benefits
    $23,808
    Filer's total
    $535,811
  • GUILHERME VALLADARES MBA

    SVP & CFO - ASST. TREAS.

    Total calculated
    $491,721
    From this org
    $469,003
    From related orgs
    $0
    Other
    $22,718
    Hours/week
    34 + 21 related

    Schedule J breakdown matched by us

    Base
    $389,615
    Bonus
    $78,004
    Other
    $1,384
    Deferred
    $0
    Nontaxable benefits
    $22,718
    Filer's total
    $491,721
  • PAUL ORTIZ

    VP BUS. SVC. LINE DEV.

    Total calculated
    $474,166
    From this org
    $421,952
    From related orgs
    $0
    Other
    $52,214
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $302,238
    Bonus
    $77,255
    Other
    $42,459
    Deferred
    $31,202
    Nontaxable benefits
    $21,012
    Filer's total
    $474,166
  • NANCY FLETCHER

    VP CORP. COMPL. & REG. AFFAIRS

    Total calculated
    $419,459
    From this org
    $392,602
    From related orgs
    $0
    Other
    $26,857
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $109,212
    Bonus
    $0
    Other
    $283,390
    Deferred
    $0
    Nontaxable benefits
    $26,857
    Filer's total
    $419,459
  • SILKY SHARMA

    PHYSICIAN CARE COORDINATION

    Total calculated
    $402,823
    From this org
    $378,012
    From related orgs
    $0
    Other
    $24,811
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $327,951
    Bonus
    $49,450
    Other
    $611
    Deferred
    $0
    Nontaxable benefits
    $24,811
    Filer's total
    $402,823
  • REINALDINE FLEURY

    FORMER CHRO & VP HUMAN RESOUR.

    Total calculated
    $396,669
    From this org
    $0
    From related orgs
    $387,599
    Other
    $9,070
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,578 related
    Bonus
    $0 + $89,336 related
    Other
    $0 + $685 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,070 related
    Filer's total
    $0 + $396,669 related
  • STEPHANIE D TIEKU

    NURSE MANAGER

    Total calculated
    $385,162
    From this org
    $346,392
    From related orgs
    $0
    Other
    $38,770
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $254,772
    Bonus
    $91,165
    Other
    $455
    Deferred
    $0
    Nontaxable benefits
    $38,770
    Filer's total
    $385,162
  • HYONA REVERE

    SENIOR VP DEVELOPMENT

    Total calculated
    $374,578
    From this org
    $349,823
    From related orgs
    $0
    Other
    $24,755
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $289,437
    Bonus
    $59,399
    Other
    $987
    Deferred
    $0
    Nontaxable benefits
    $24,755
    Filer's total
    $374,578
  • YISRAEL KRAUS

    VP PHYSICIAN ALIGNMENT

    Total calculated
    $372,013
    From this org
    $351,529
    From related orgs
    $0
    Other
    $20,484
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $292,093
    Bonus
    $58,762
    Other
    $674
    Deferred
    $0
    Nontaxable benefits
    $20,484
    Filer's total
    $372,013
  • KARYN BOOK

    VP PAT. SVS & CNO

    Total calculated
    $360,096
    From this org
    $352,939
    From related orgs
    $0
    Other
    $7,157
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $295,269
    Bonus
    $57,090
    Other
    $580
    Deferred
    $0
    Nontaxable benefits
    $7,157
    Filer's total
    $360,096
  • MARGUERITE PEDLEY

    SENIOR VICE PRESIDENT PHBH

    Total calculated
    $359,698
    From this org
    $339,179
    From related orgs
    $0
    Other
    $20,519
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $281,359
    Bonus
    $54,909
    Other
    $2,911
    Deferred
    $0
    Nontaxable benefits
    $20,519
    Filer's total
    $359,698
  • DURGA BODALA

    PHYSICIAN CARE COORDINATION

    Total calculated
    $359,107
    From this org
    $339,847
    From related orgs
    $0
    Other
    $19,260
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $272,852
    Bonus
    $66,370
    Other
    $625
    Deferred
    $0
    Nontaxable benefits
    $19,260
    Filer's total
    $359,107
  • SIDDIQ G FAISAL MD

    MED. DIR., OCCUPATIONAL HEALTH

    Total calculated
    $348,643
    From this org
    $330,420
    From related orgs
    $0
    Other
    $18,223
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $329,755
    Bonus
    $0
    Other
    $665
    Deferred
    $0
    Nontaxable benefits
    $18,223
    Filer's total
    $348,643
  • PETER THOMAS

    VP, OUTPATIENT ADMINISTRATION

    Total calculated
    $286,415
    From this org
    $263,966
    From related orgs
    $0
    Other
    $22,449
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $229,769
    Bonus
    $31,857
    Other
    $2,340
    Deferred
    $0
    Nontaxable benefits
    $22,449
    Filer's total
    $286,415
  • JONATHAN WOO

    VP MEDICAL AFFAIRS CMO

    Total calculated
    $285,235
    From this org
    $265,587
    From related orgs
    $0
    Other
    $19,648
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $227,811
    Bonus
    $37,288
    Other
    $488
    Deferred
    $0
    Nontaxable benefits
    $19,648
    Filer's total
    $285,235
  • CAROL NORRIS-SMITH

    VP PR - MARKETING

    Total calculated
    $278,519
    From this org
    $253,852
    From related orgs
    $0
    Other
    $24,667
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $209,345
    Bonus
    $42,416
    Other
    $2,091
    Deferred
    $0
    Nontaxable benefits
    $24,667
    Filer's total
    $278,519
  • CHING-YI LIU

    VP, FINANCE

    Total calculated
    $267,955
    From this org
    $241,296
    From related orgs
    $0
    Other
    $26,659
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $208,073
    Bonus
    $32,431
    Other
    $792
    Deferred
    $0
    Nontaxable benefits
    $26,659
    Filer's total
    $267,955
  • DEBORAH CASARELLA

    FORMER ASSOC. CHIEF INFO. OFF.

    Total calculated
    $251,222
    From this org
    $0
    From related orgs
    $250,402
    Other
    $820
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,152 related
    Bonus
    $0 + $47,464 related
    Other
    $0 + $786 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $820 related
    Filer's total
    $0 + $251,222 related
  • BARBARA YOST

    FMR. VP NETWORK DEVELOPMENT

    Total calculated
    $232,617
    From this org
    $232,600
    From related orgs
    $0
    Other
    $17
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $155,700
    Bonus
    $76,900
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17
    Filer's total
    $232,617
  • AMY REIGNER

    CHIEF HR OFFICER

    Total calculated
    $232,152
    From this org
    $211,788
    From related orgs
    $0
    Other
    $20,364
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $192,709
    Bonus
    $18,942
    Other
    $137
    Deferred
    $0
    Nontaxable benefits
    $20,364
    Filer's total
    $232,152
  • SHEILA G KEMPF

    FORMER CNO&VP PATIENT SVS

    Total calculated
    $175,286
    From this org
    $173,393
    From related orgs
    $0
    Other
    $1,893
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $46,417
    Bonus
    $69,205
    Other
    $57,771
    Deferred
    $0
    Nontaxable benefits
    $1,893
    Filer's total
    $175,286
  • ROSEMARIE COSTAGLIOLA

    DIR. OF CORPORATE GOVERNANCE

    Total calculated
    $145,992
    From this org
    $133,860
    From related orgs
    $0
    Other
    $12,132
    Hours/week
    44 + 11 related
  • ANTHONY KUCZINSKI

    TRUSTEE - CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • CALVIN L BUTTS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • HEATHER M VAN RAALTE MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KIM PIMLEY

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • LEONARD GROSSMAN MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • LORI FELDSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MICHAEL MARDY

    TRUSTEE - TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • MYRON M GELLMAN

    TRUSTEE & VC - AS OF 3/23

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • PHILIP CARCHMAN

    TRUSTEE - SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • SAMIT HIRAWAT MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • W THOMAS GUTOWSKI MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • ALEXANDER WOLFSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ALINE M HOLMES DNP MSN RN

    TRUSTEE AS OF 6/24

    Total calculated
    $0
    Hours/week
    1
  • WILLIAM G HYNICK JR

    TRUSTEE AS OF 6/24

    Total calculated
    $0
    Hours/week
    1
  • ELLIOT A KRAUSS MD

    TRUSTEE AS OF 6/24

    Total calculated
    $0
    Hours/week
    1
  • TARA OAKMAN PHD

    TRUSTEE AS OF 6/24

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, QUESTION 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION CERTAIN TRUSTEES, OFFICERS AND/OR KEY EMPLOYEES OF THIS ORGANIZATION ARE COMPENSATED BY A RELATED ORGANIZATION, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY"). THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("HEALTH SYSTEM") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS OF THE HEALTH SYSTEM, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE HEALTH SYSTEM WHEN THE CONTRIBUTIONS ARE MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION WHICH IS TAXABLE AS EARNED INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE UNIVERSITY/HEALTH SYSTEM SERP PLAN DURING THE YEAR AND/OR RECEIVED DISTRIBUTIONS DURING THE YEAR: KEVIN B. MAHONEY - NO DISTRIBUTION JAMES G. DEMETRIADES - NO DISTRIBUTION PAUL ORTIZ - $25,806 THE HEALTH SYSTEM ALSO MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DESIGNED FOR SENIOR FACULTY OF THE SCHOOL OF MEDICINE OF THE UNIVERSITY, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE UNIVERSITY WHEN THE CONTRIBUTIONS ARE MADE (THE "CPUP SERP"). VESTING IN THE MED SERP OCCURS AFTER EVERY TEN YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 60, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 60 (WITH 2 OR MORE YEARS OF PARTICIPATION) WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, TAXES OWED WILL BE WITHDRAWN FROM THE PLAN, AND THE REMAINING AFTER-TAX BALANCE WILL REMAIN IN THE PLAN. PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION THE SUMMER AFTER THE YEAR IN WHICH THEY TERMINATE EMPLOYMENT, AT WHICH TIME ANY EARNINGS NOT YET TAXED WILL BE TREATED AS TAXABLE INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE NON-VESTED BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE CPUP SERP PLAN DURING THE YEAR: ROBERT VONDERHEIDE, M.D. - NO DISTRIBUTION --------------------
SCHEDULE J, PART I, QUESTION 7
PROVISION OF NON-FIXED PAYMENTS PRINCETON HEALTH PROVIDES DISCRETIONARY BONUS AND/OR INCENTIVE COMPENSATION PAYMENTS TO ELIGIBLE EMPLOYEES. PAYMENTS MADE TO ANY DISQUALIFIED PERSON IS APPROVED BY THE COMPENSATION COMMITTEE THROUGH THE PROCESS DESCRIBED IN FORM 990, PART VI, SECTION B, LINE 15.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349309535

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