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Nonprofiteer
← SAINT PETERS HEALTHCARE SYSTEM INC

Form 990 for tax year 2023

Filed by SAINT PETERS HEALTHCARE SYSTEM INC.

Totals

Total revenue
$57,107,559
Total expenses
$56,255,619
Contributions and grants received
$0
Grants paid
$161,672
Program service revenue
$57,216,061
Investment income
-$108,502
Other revenue
$0
Total assets, end of year
$123,309,760
Total liabilities, end of year
$123,309,760
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$44,924,641
Management and general expenses
$11,330,978
Fundraising expenses
$0
Program service expenses (Part III)
$44,924,641

Program services were 79.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM RELATED REVENUE

    total $57,216,061 · related or exempt $57,216,061

  • 3 · Investment income

    total $0 · unrelated business $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

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

    securities $108,502

  • 7c · Gain or loss

    securities -$108,502

  • 7d · Net gain or loss

    total -$108,502 · excluded -$108,502

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $161,672 · program services $161,672

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $7,923,876 · program services $6,323,253 · management and general $1,600,623

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $18,884,594 · program services $15,069,906 · management and general $3,814,688

  • 8 · Pension plan contributions

    total $922,426 · program services $736,096 · management and general $186,330

  • 9 · Other employee benefits

    total $2,604,236 · program services $2,078,180 · management and general $526,056

  • 10 · Payroll taxes

    total $1,637,034 · program services $1,306,353 · management and general $330,681

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,125,414 · program services $898,080 · management and general $227,334

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $10,003,501 · program services $7,982,793 · management and general $2,020,708 · fundraising $0

  • 12 · Advertising and promotion

    total $2,135,085 · program services $1,703,798 · management and general $431,287

  • 13 · Office expenses

    total $1,842,708 · program services $1,470,481 · management and general $372,227

  • 14 · Information technology

    total $265,241 · program services $211,663 · management and general $53,578

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $114,197 · program services $91,129 · management and general $23,068

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $49,176 · program services $39,242 · management and general $9,934

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $6,640,077 · program services $5,298,782 · management and general $1,341,295

  • 24b · Other expenses: DUES AND SUBSCRIPTION

    total $799,790 · program services $638,233 · management and general $161,557

  • 24c · Other expenses: RECRUITMENT

    total $484,354 · program services $386,514 · management and general $97,840

  • 24d · Other expenses: EDUCATION AND TRAINING

    total $48,019 · program services $38,319 · management and general $9,700

  • 24e · All other expenses

    total $614,219 · program services $490,147 · management and general $124,072

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $498,535 · end of year $366,273

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,144,913 · end of year $2,912,387

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $108,502 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $110,422,539 · end of year $120,031,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,126,267 · end of year $8,893,343

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $106,048,222 · end of year $114,416,417

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SAINT PETER'S HEALTHCARE SYSTEM, INC. IS A NOT FOR-PROFIT HOLDING COMPANY BASED IN NEW BRUNSWICK, NEW JERSEY. SAINT PETER'S HEALTHCARE SYSTEM, INC. IS THE SOLE CORPORATE MEMBER OF A NUMBER OF NOT FOR-PROFIT ENTITIES AND THE SOLE SHAREHOLDER OF VARIOUS OTHER ENTITIES. THE INTERNAL REVENUE SERVICE HAS RECOGNIZED SAINT PETER'S HEALTHCARE SYSTEM, INC. AS BEING A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED WITHIN SCHEDULE O.

Activities or mission (Part I)

THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF SAINT PETER'S HEALTHCARE SYSTEM AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

  • EXPENSES INCURRED IN SUPPORTING SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION AND OTHER SAINT PETER'S HEALTHCARE SYSTEM AFFILIATES WHICH PROVIDE MEDICALLY NECESSARY HEALTHCARE SERVICES TO THE COMMUNITY AND ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

    Expenses $44,924,641 · Grants $161,672 · Revenue $57,216,061

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leslie D Hirsch Fache

    TRUSTEE - PRESIDENT/CEO

    Total calculated
    $2,018,484
    From this org
    $1,703,149
    From related orgs
    $0
    Other
    $315,335
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,232,193
    Bonus
    $427,744
    Other
    $43,212
    Deferred
    $294,160
    Nontaxable benefits
    $21,175
    Filer's total
    $2,018,484

  • Garrick J Stoldt Fhfma CPA

    TREASURER - CFO

    Total calculated
    $945,687
    From this org
    $824,300
    From related orgs
    $0
    Other
    $121,387
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $642,418
    Bonus
    $137,395
    Other
    $44,487
    Deferred
    $93,086
    Nontaxable benefits
    $28,301
    Filer's total
    $945,687

  • Alma S Ratcliffe MD

    VP; CHIEF CLINICAL TRANSF. OFF

    Total calculated
    $863,587
    From this org
    $761,241
    From related orgs
    $0
    Other
    $102,346
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $512,100
    Bonus
    $116,377
    Other
    $132,764
    Deferred
    $81,370
    Nontaxable benefits
    $20,976
    Filer's total
    $863,587

  • Jordan M Tannenbaum MD MBA

    VP; CIO/CMIO

    Total calculated
    $790,625
    From this org
    $684,863
    From related orgs
    $0
    Other
    $105,762
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $454,471
    Bonus
    $105,318
    Other
    $125,074
    Deferred
    $75,206
    Nontaxable benefits
    $30,556
    Filer's total
    $790,625

  • Niranjan V Rao MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $713,942
    From this org
    $616,194
    From related orgs
    $0
    Other
    $97,748
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $405,486
    Bonus
    $92,889
    Other
    $117,819
    Deferred
    $69,273
    Nontaxable benefits
    $28,475
    Filer's total
    $713,942

  • Alyssa A Verderami Esq

    SECRETARY-VP LEGAL & RISK MGMT

    Total calculated
    $657,268
    From this org
    $555,474
    From related orgs
    $0
    Other
    $101,794
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $438,866
    Bonus
    $94,797
    Other
    $21,811
    Deferred
    $70,357
    Nontaxable benefits
    $31,437
    Filer's total
    $657,268

  • Lisa M Drumbore

    VP; CHIEF EXPERIENCE OFFICER

    Total calculated
    $524,183
    From this org
    $442,307
    From related orgs
    $0
    Other
    $81,876
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $342,421
    Bonus
    $73,212
    Other
    $26,674
    Deferred
    $57,310
    Nontaxable benefits
    $24,566
    Filer's total
    $524,183

  • James S Choma

    VP; CATHOLIC MISSION & CDO

    Total calculated
    $486,194
    From this org
    $408,247
    From related orgs
    $0
    Other
    $77,947
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $307,481
    Bonus
    $72,320
    Other
    $28,446
    Deferred
    $56,812
    Nontaxable benefits
    $21,135
    Filer's total
    $486,194

  • Laura Atkinson

    VP; CHIEF HR OFF.(EFF 3/20/23)

    Total calculated
    $467,563
    From this org
    $403,298
    From related orgs
    $0
    Other
    $64,265
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $301,733
    Bonus
    $100,959
    Other
    $606
    Deferred
    $46,956
    Nontaxable benefits
    $17,309
    Filer's total
    $467,563

  • Barbara J Griffiths-Welsh

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $456,341
    From this org
    $376,216
    From related orgs
    $0
    Other
    $80,125
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $275,707
    Bonus
    $67,100
    Other
    $33,409
    Deferred
    $53,029
    Nontaxable benefits
    $27,096
    Filer's total
    $456,341

  • Doreen Stevenson

    DIRECTOR OF FINANCE

    Total calculated
    $316,425
    From this org
    $269,415
    From related orgs
    $0
    Other
    $47,010
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $266,575
    Bonus
    $0
    Other
    $2,840
    Deferred
    $14,042
    Nontaxable benefits
    $32,968
    Filer's total
    $316,425

  • William J Rears

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $314,269
    From this org
    $270,798
    From related orgs
    $0
    Other
    $43,471
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $264,647
    Bonus
    $0
    Other
    $6,151
    Deferred
    $13,191
    Nontaxable benefits
    $30,280
    Filer's total
    $314,269

  • Michele N Giuliano Cmpe

    EXECUTIVE DIRECTOR

    Total calculated
    $306,363
    From this org
    $260,151
    From related orgs
    $0
    Other
    $46,212
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $252,361
    Bonus
    $0
    Other
    $7,790
    Deferred
    $13,328
    Nontaxable benefits
    $32,884
    Filer's total
    $306,363

  • Nicholas J Lacerenza

    CONTROLLER

    Total calculated
    $301,248
    From this org
    $285,824
    From related orgs
    $0
    Other
    $15,424
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $283,416
    Bonus
    $0
    Other
    $2,408
    Deferred
    $14,285
    Nontaxable benefits
    $1,139
    Filer's total
    $301,248

  • Cindy T Kottler

    SR. DIRECTOR APPLICATIONS

    Total calculated
    $287,360
    From this org
    $252,655
    From related orgs
    $0
    Other
    $34,705
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $248,491
    Bonus
    $0
    Other
    $4,164
    Deferred
    $12,948
    Nontaxable benefits
    $21,757
    Filer's total
    $287,360

  • Vincent J Dicks

    CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Racheal Ankrah-Fosu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Judith T Caruso Dnp MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Maureen Cernadas MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Leonardo Decandia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Monsignor John N Fell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alfred J Gaburo Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher Gribbon MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kevin Nini MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carol A Purcell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Samuel PE Pp Cme

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Jon Toborowsky VG

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rev Timothy A Christy Vg

    Trustee (Termed 6/1/2023)

    Total calculated
    $0
    Hours/week
    1

  • Borislav Stoev Do Facep

    Trustee (Termed 1/10/2023)

    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, and on a Form 990-PF Part VIII's — 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 · Form 990 of other organizations
  • 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
THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUALS INCLUDES A CURRENT YEAR VESTING IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS THIS AMOUNT WAS NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNT OUTLINED HEREIN WAS INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: ALMA S. RATCLIFFE, M.D., $91,146; JORDAN M.TANNENBAUM, M.D., MBA, $85,518; NIRANJAN V. RAO, M.D., $70,884. THE DEFERRED COMPENSATION AMOUNT IN COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THESE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, AS TAXABLE MEDICARE WAGES: LESLIE D. HIRSCH, FACHE, $277,660; GARRICK J. STOLDT, FHFMA, CPA, $76,586; ALMA S. RATCLIFFE, M.D., $64,870; JORDAN M. TANNENBAUM, M.D., MBA, $58,706; NIRANJAN V. RAO, M.D., $52,773; ALYSSA A. VERDERAMI, ESQ.,$53,857; LISA M. DRUMBORE, $40,810; JAMES S. CHOMA, $40,312; LAURA ATKINSON, $36,925 and BARBARA J. GRIFFITHS-WELSH, $37,403.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN COLUMN (II) HEREIN AND IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.
SCHEDULE J, PART II, COLUMN F
THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (F) INCLUDE VESTED BENEFITS IN A DEFERRED COMPENSATION PLAN AS THESE AMOUNTS WERE NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THESE AMOUNTS WERE REPORTED AS DEFERRED COMPENSATION ON PRIOR YEARS' FORMS 990 AND ARE NOW BEING REPORTED AGAIN ON THIS YEAR'S FORM 990. THESE HAVE BEEN TREATED AS TAXABLE INCOME AND REPORTED ON EACH INDIVIDUAL'S FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • SAINT PETER'S SOLAR ENERGY SOLUTIONSINC

    C CORP. · SOLAR ENERGY · NJ

    Directly controlled by NA

  • RISK ASSURANCE CO OF SPUH

    FOREIGN CORP. · FINANCIAL VEHICLE · CJ

  • SAINT PETER'S SPECIALTY PHYSICIANS PC

    C CORP. · HEALTH SVCS. · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.1
Source object
202443199349314484

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