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Nonprofiteer
← COOPER HEALTH SYSTEMS

Form 990 for tax year 2024

Filed by COOPER HEALTH SYSTEMS.

Totals

Total revenue
$12,500,224
Total expenses
$8,389,771
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,067,169
Investment income
$962,555
Other revenue
$2,470,500
Total assets, end of year
$120,737,982
Total liabilities, end of year
$38,796,396
Net assets or fund balances, end of year
$81,941,586
Program services expenses (Part IX)
$8,389,771
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,389,771

Program services were 100.0% 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: AFFIL. OFFICE RENTAL

    total $5,455,548 · related or exempt $5,455,548

  • 2b · Program service revenue: INSURANCE CONTRIBUTION

    total $2,324,211 · related or exempt $2,324,211

  • 2c · Program service revenue: PARKING GARAGE

    total $1,287,410 · related or exempt $1,287,410

  • 3 · Investment income

    total $962,555 · excluded $962,555

  • 11a · Other revenue: JOINT VENT L/N CAC LLC

    total $1,917,322 · unrelated business $717,907 · excluded $1,199,415

  • 11b · Other revenue: CORIELL UTILITIES

    total $455,000 · excluded $455,000

  • 11c · Other revenue: BILLBOARD SIGN REVENUE

    total $98,178 · unrelated business $98,178

  • 11e · Other revenue, total

    $2,470,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $307,244 · program services $307,244

  • 11g · Fees: other

    total $1,905,351 · program services $1,905,351

  • 12 · Advertising and promotion

    total $650 · program services $650

  • 16 · Occupancy

    total $195,739 · program services $195,739

  • 20 · Interest

    total $1,097,210 · program services $1,097,210

  • 22 · Depreciation, depletion and amortization

    total $739,798 · program services $739,798

  • 24a · Other expenses: CLAIMS/BENEFITS

    total $2,709,211 · program services $2,709,211

  • 24b · Other expenses: FACILITIES ALLOCATION

    total $1,109,038 · program services $1,109,038

  • 24c · Other expenses: LICENSES/FEES/TAXES

    total $182,773 · program services $182,773

  • 24e · All other expenses

    total $142,757 · program services $142,757

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,825,624 · end of year $19,003,160

  • 4 · Accounts receivable

    beginning of year $402,750 · end of year $412,378

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

    $35,638,338

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

    $24,354,688

  • 10c · Land, buildings and equipment, net

    beginning of year $10,442,989 · end of year $11,283,650

  • 15 · Other assets

    beginning of year $83,400,062 · end of year $90,038,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $718,047 · end of year $597,437

  • 20 · Tax-exempt bond liabilities

    beginning of year $34,609,214 · end of year $33,070,259

  • 23 · Secured mortgages and notes payable

    beginning of year $1,536,771 · end of year $1,536,771

  • 25 · Other liabilities

    beginning of year $363,507 · end of year $3,591,929

  • 27 · Net assets without donor restrictions

    beginning of year $77,843,886 · end of year $81,941,586

Mission and programs · 2024

Mission

SEE SCHEDULE OCOOPER HEALTH SYSTEM IS AN INTEGRATED HEALTH CARE DELIVERY SYSTEM SERVING THE SOUTHERN NEW JERSEY REGION. COOPER HEALTH SYSTEM'S MISSION IS TO SERVE, TO HEAL, TO EDUCATE. COOPER ACCOMPLISHES ITS MISSION THROUGH INNOVATIVE AND EFFECTIVE SYSTEMS TO CARE, AND BY BRINGING PEOPLE AND RESOURCES TOGETHER, CREATING VALUE FOR OUR PATIENTS AND THE COMMUNITY. COOPER'S VISION IS TO BE THE PREMIER HEALTH CARE PROVIDER IN THE REGION, DRIVEN BY ITS EXCEPTIONAL PEOPLE DELIVERING A WORLD CLASS PATIENT EXPERIENCE, ONE PATIENT AT A TIME, AND THROUGH ITS COMMITMENT TO EDUCATING THE PROVIDERS OF THE FUTURE. THESE SUBORDINATES SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF COOPER.

Activities or mission (Part I)

TO SERVE, TO HEAL, TO EDUCATE.

  • THE PROGRAM SERVICE ACCOMPLISHMENTS OF THE SUBORDINATE ORGANIZATIONS INCLUDES SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF THE CENTRAL ORGANIZATION COOPER HEALTH SYSTEM. THE COOPER HEALTH SYSTEM GROUP RETURN IS COMPRISED OF THREE ORGANIZATIONS: COOPER MEDICAL SERVICES, COOPER HEALTH SYSTEM WORKER'S COMPENSATION TRUST AND COOPER CANCER CENTER. COOPER MEDICAL SERVICES OWNS AND MANAGES A MEDICAL OFFICE BUILDING ON THE CAMPUS OF COOPER HEALTH SYSTEM. (CONTINUED IN SCHEDULE O)COOPER HEALTH SYSTEM WORKER'S COMPENSATION TRUST PROVIDES WORKERS COMPENSATION INSURANCE COVERAGE TO EMPLOYEES OF THE COOPER HEALTH SYSTEM.COOPER CANCER CENTER GROUND LEASES REAL PROPERTY IN CAMDEN, NJ TO MD ANDERSON CANCER CENTER.

    Expenses $8,389,771 · Revenue $9,067,169

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin O'Dowd JD

    TRUS/OFF(CO-PRES/CEO CHS)

    Total calculated
    $3,398,140
    From this org
    $0
    From related orgs
    $3,143,641
    Other
    $254,499
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,385,241 related
    Bonus
    $0 + $1,592,941 related
    Other
    $0 + $165,459 related
    Deferred
    $0 + $217,050 related
    Nontaxable benefits
    $0 + $37,449 related
    Filer's total
    $0 + $3,398,140 related
  • Anthony Mazzarelli Mdjdmbe

    TRUS/OFF(CO-PRES/CEO CHS)

    Total calculated
    $3,297,579
    From this org
    $0
    From related orgs
    $3,043,351
    Other
    $254,228
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,385,479 related
    Bonus
    $0 + $1,492,941 related
    Other
    $0 + $164,931 related
    Deferred
    $0 + $217,050 related
    Nontaxable benefits
    $0 + $37,178 related
    Filer's total
    $0 + $3,297,579 related
  • Brian Reilly

    TRUSTEE/OFFICER (CFO-CHS)

    Total calculated
    $1,835,235
    From this org
    $0
    From related orgs
    $1,668,456
    Other
    $166,779
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $859,809 related
    Bonus
    $0 + $721,064 related
    Other
    $0 + $87,583 related
    Deferred
    $0 + $128,700 related
    Nontaxable benefits
    $0 + $38,079 related
    Filer's total
    $0 + $1,835,235 related
  • Elizabeth Green

    TRUSTEE/OFF (SVP HR-CHS)

    Total calculated
    $676,007
    From this org
    $0
    From related orgs
    $594,067
    Other
    $81,940
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,065 related
    Bonus
    $0 + $181,919 related
    Other
    $0 + $39,083 related
    Deferred
    $0 + $70,607 related
    Nontaxable benefits
    $0 + $11,333 related
    Filer's total
    $0 + $676,007 related
  • Kenneth M Wright

    TREAS (SVP/CAO-CHS)

    Total calculated
    $641,010
    From this org
    $0
    From related orgs
    $577,015
    Other
    $63,995
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,418 related
    Bonus
    $0 + $160,053 related
    Other
    $0 + $48,544 related
    Deferred
    $0 + $59,993 related
    Nontaxable benefits
    $0 + $4,002 related
    Filer's total
    $0 + $641,010 related
  • John Vazquez

    SECRETARY (AS OF 04/2024)

    Total calculated
    $650,131
    From this org
    $0
    From related orgs
    $625,384
    Other
    $24,747
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $624,408 related
    Bonus
    $0
    Other
    $0 + $976 related
    Deferred
    $0 + $8,102 related
    Nontaxable benefits
    $0 + $16,645 related
    Filer's total
    $0 + $650,131 related
  • Dina Mathews-Laurendeau

    FORMER SEC(SEC OF THE BD-CHS)

    Total calculated
    $184,540
    From this org
    $0
    From related orgs
    $154,143
    Other
    $30,397
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,580 related
    Bonus
    $0 + $3,000 related
    Other
    $0 + $563 related
    Deferred
    $0 + $4,049 related
    Nontaxable benefits
    $0 + $26,348 related
    Filer's total
    $0 + $184,540 related

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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
DURING THE YEAR, CERTAIN OFFICERS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAD A PORTION OF THE CONTRIBUTIONS VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTIONS ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION. KEVIN O'DOWD ANTHONY MAZZARELLI BRIAN REILLY ELIZABETH GREEN KENNETH M. WRIGHT DURING THE CALENDAR YEAR, CERTAIN OFFICERS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAD A PORTION OF THE CONTRIBUTIONS CONSIDERED NOT YET VESTED; THEREFORE, UNVESTED CONTRIBUTIONS ARE REPORTED ON SCHEDULE J, PART II, COLUMN C, RETIREMENT AND OTHER DEFFERED COMPENSATION. KEVIN O'DOWD ANTHONY MAZZARELLI BRIAN REILLY ELIZABETH GREEN KENNETH M. WRIGHT
PART I, LINE 7
BONUSES PAID BY A RELATED ORGANIZATION ARE BASED ON A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOAL ACHIEVEMENTS, ORGANIZATION OPERATION ACHIEVEMENTS, JOB TITLE, LEVEL, AND PERFORMANCE RATING. THE FINAL DETERMINATION OF THE BONUS AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF THE OFFICERS.

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.

  • THE COOPER HEALTH SYSTEM A NJ NON-PROFIT CORPORATION

    501(C)(3) · HEALTH SVCS · NJ

  • THE COOPER HLTH SYS - WRKRS COMP TRUST

    501(C)(3) · SUPPORT CHS · NJ

    Directly controlled by CH SYSTEM

  • THE COOPER FOUNDATION INC

    501(C)(3) · SUPPORT CHS · NJ

    Directly controlled by CH SYSTEM

  • COOPER MEDICAL SEVICES INC

    501(C)(3) · SUPPORT CHS · NJ

    Directly controlled by CH SYSTEM

  • RADIATION ONCOLOGY PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CRITICAL CARE GROUP PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER URGENT CARE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER UNIVERSITY TRAUMA PHYSICIANS PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER UNIVERSITY RADIOLOGY PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER UNIVERSITY EMERGENCY PHYSICIANS PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER SURGICAL ASSOCIATES PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PRIMARY CARE AT PENNSVILLE PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PHYSICIAN OFFICES PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PHYSICAL MEDICINE&REHAB ASSOC PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PERINATOLOGY ASSOCIATES PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PEDIATRICS PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PEDIATRIC SPECIALISTS PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PATHOLOGY PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER OBSTETRICAL ASSOCIATES PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER NEPHROLOGY PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER GYN ONCOLOGY ASSOCIATION PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER FAMILY MEDICINE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER FACULTY OB-GYN PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER DEPARTMENT OF NEUROSCIENCE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER CARE ALLIANCE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER CANCER CENTER INC

    501(C)(3) · HEALTH SVCS · NJ

    Directly controlled by CH SYSTEM

  • COOPER BONE AND JOINT INSTITUTE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER ANESTHESIA ASSOCIATES PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CMC PSYCHIATRIC ASSOCIATES PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CMC DEPARTMENT OF MEDICINE GROUP PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CHC PAIN MANAGEMENT CENTER PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CENTER FOR HEALTH AND WELLNESS PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • UNIVERSITY UROGYNECOLOGY ASSOCIATION PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • ASSET HEALTH MANAGEMENT PC (FKA COOPER APEX CARE)

    501(C)(3) · CONCIERGE MEDICINE · NJ

    Directly controlled by CH SYSTEM

  • COOPER DENTISTRY

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER DIRECT PRIMARY CARE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER UNIVERSITY HEALTH CAPE REGIONAL INC

    501(C)(3) · HEALTH SVCS · NJ

    Directly controlled by CH SYSTEM

  • COOPER UNIVERSITY HOSPITAL CAPE REGIONAL INC

    501(C)(3) · HEALTH SVCS · NJ

    Directly controlled by CH SYSTEM

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.

Disregarded entities

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

  • GLOUCESTER 42 ASSOCIATES LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • BLOCK 1401 LOT 33 LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • 400 BROADWAY CAMDEN LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • 414 BROADWAY PROPERTY LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • BROADWAY CAMDEN INVESTMENTS LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • COOPER MEDICAL SUPPLY LLC

    INACTIVE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • BLOCK 1443 LOT 1 LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

Related partnerships

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

  • CRPT MGMT SVCS LLC

    N/A · MANAGEMENT SVCS · NJ

  • CAPE REGIONAL MIRACLES FITNESS LLC

    N/A · FITNESS CENTER · NJ

Related corporations and trusts

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

  • C&H COLLECTION SVS INC

    C · COLLECTIONS · NJ

    Directly controlled by CH SERVICES

  • COOPER HEALTHCARE PROPERTIES

    C · REAL ESTATE · NJ

    Directly controlled by CH SERVICES

  • COOPER HEALTHCARE SERVICES

    C · HEALTH SVCS · NJ

    Directly controlled by COOPER HLTH SYS

  • CAPE REGIONAL HEALTH ENTERPRISES INC

    C · HEALTHCARE MGMT · NJ

  • CAPE CARDIOLOGY ASSOCIATES INC

    C · HEALTHCARE SVCS · NJ

  • CAPE IMAGING SERVICES

    C · HEALTHCARE SVCS · NJ

  • CAPE PHYSICIAN ASSOCIATES PA

    C · HEALTHCARE SVCS · NJ

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349323456

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