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Nonprofiteer
← HACKENSACK MERIDIAN HEALTH MEDICAL GROUP-COMPLEX CARE PC

Form 990 for tax year 2023

Filed by HACKENSACK MERIDIAN HEALTH MEDICAL GROUP-COMPLEX CARE PC.

Totals

Total revenue
$31,694,024
Total expenses
$31,693,893
Contributions and grants received
$17,352,705
Grants paid
$0
Program service revenue
$14,306,913
Investment income
$3,742
Other revenue
$30,664
Total assets, end of year
$2,594,024
Total liabilities, end of year
$10,004,805
Net assets or fund balances, end of year
-$7,410,781
Program services expenses (Part IX)
$30,745,826
Management and general expenses
$948,067
Fundraising expenses
$0
Program service expenses (Part III)
$30,745,826

Program services were 97.0% 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.

  • 1d · Related organizations

    $17,352,705

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $14,247,900 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: MEDICARE SHARED SAVINGS PROGRAM

    total $59,013 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,742 · unrelated business $0 · excluded $3,742

  • 11a · Other revenue: EXPENSE RECOVERY

    total $30,664 · related or exempt $0 · unrelated business $0 · excluded $30,664

  • 11e · Other revenue, total

    $30,664

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $21,474,225 · program services $21,474,225 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $749,886 · program services $749,886 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $639,682 · program services $639,682 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $894,478 · program services $894,478 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $6,042,445 · program services $5,136,078 · management and general $906,367 · fundraising $0

  • 11g · Fees: other

    total $825,776 · program services $825,776 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $16,485 · program services $16,485 · management and general $0 · fundraising $0

  • 17 · Travel

    total $65,099 · program services $65,099 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $110,586 · program services $110,586 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $833,531 · program services $833,531 · management and general $0 · fundraising $0

  • 24a · Other expenses: PROVISION FOR STATE INCOME TAX

    total $41,700 · program services $0 · management and general $41,700 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $3,338,397 · end of year $2,572,236

  • 15 · Other assets

    beginning of year $66,612,203 · end of year $21,788

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,539,672 · end of year $4,973,119

  • 19 · Deferred revenue

    end of year $150,645

  • 25 · Other liabilities

    beginning of year $3,388,864 · end of year $4,881,041

  • 27 · Net assets without donor restrictions

    beginning of year $56,022,064 · end of year -$7,410,781

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE CORPORATION WILL FURTHER THE CHARITABLE AND HEALTHCARE PURPOSES OF HACKENSACK MERIDIAN HEALTH, INC. AND ITS INTERNAL REVENUE CODE 501(C)(3) TAX-EXEMPT AFFILIATES.

  • PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES DIRECTLY TO PATIENTS THROUGH THE PHYSICIANS EMPLOYED BY THE CORPORATION. ALSO, PROVIDING ADMINISTRATIVE, SUPERVISORY, TEACHING, COVERAGE AND RESEARCH SERVICES TO HMH HOSPITALS CORPORATION; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, IN FURTHERANCE OF ITS PRIMARY TAX-EXEMPT PURPOSE IN PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. ACCORDINGLY, THE CORPORATION IS AN INTEGRAL PART OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK.

    Expenses $30,745,826 · Revenue $14,247,900

  • THE MEDICARE SHARED SAVINGS PROGRAM (MSSP)IS A VOLUNTARY PROGRAM THAT ENCOURAGES HEALTHCARE PROVIDERS TO WORK TOGETHER TO DELIVER HIGH-QUALITY CARE TO MEDICARE BENEFICIARIES WHILE REDUCING COSTS.

    Revenue $59,013

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

Listed in Part VII

  • DANIEL VARGA

    PRESIDENT & TREASURER

    Total calculated
    $1,946,588
    From this org
    $0
    From related orgs
    $1,890,919
    Other
    $55,669
    Hours/week
    2.5

    Schedule J breakdown matched by us

    Base
    $0 + $1,142,469 related
    Bonus
    $0 + $540,645 related
    Other
    $0 + $207,805 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $39,169 related
    Filer's total
    $0 + $1,946,588 related

  • JAMES CLARKE MD

    VICE PRESIDENT & SECRETARY

    Total calculated
    $1,237,100
    From this org
    $0
    From related orgs
    $1,192,682
    Other
    $44,418
    Hours/week
    2.5

    Schedule J breakdown matched by us

    Base
    $0 + $701,545 related
    Bonus
    $0 + $307,832 related
    Other
    $0 + $183,305 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $27,918 related
    Filer's total
    $0 + $1,237,100 related

  • FRANCIS PATTERSON

    PHYSICIAN

    Total calculated
    $1,668,494
    From this org
    $1,616,662
    From related orgs
    $0
    Other
    $51,832
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,308,193
    Bonus
    $280,000
    Other
    $28,469
    Deferred
    $16,500
    Nontaxable benefits
    $35,332
    Filer's total
    $1,668,494

  • MARK KAYTON

    PHYSICIAN

    Total calculated
    $855,696
    From this org
    $802,588
    From related orgs
    $0
    Other
    $53,108
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $776,333
    Bonus
    $20,000
    Other
    $6,255
    Deferred
    $16,500
    Nontaxable benefits
    $36,608
    Filer's total
    $855,696

  • VICTORIA STAAB

    PHYSICIAN

    Total calculated
    $835,198
    From this org
    $787,670
    From related orgs
    $0
    Other
    $47,528
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $744,685
    Bonus
    $40,000
    Other
    $2,986
    Deferred
    $5,520
    Nontaxable benefits
    $42,008
    Filer's total
    $835,199

  • KRISTIN KOZAKOWSKI

    PHYSICIAN

    Total calculated
    $767,514
    From this org
    $714,219
    From related orgs
    $0
    Other
    $53,295
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $653,410
    Bonus
    $0
    Other
    $60,809
    Deferred
    $16,500
    Nontaxable benefits
    $36,795
    Filer's total
    $767,514

  • MARGARET MCGUIRE

    PHYSICIAN

    Total calculated
    $712,354
    From this org
    $680,071
    From related orgs
    $0
    Other
    $32,283
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $657,296
    Bonus
    $20,000
    Other
    $2,775
    Deferred
    $16,500
    Nontaxable benefits
    $15,783
    Filer's total
    $712,354

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)

Pt I Line 3
PLEASE REFER TO OUR RESPONSE TO CORE FORM, PART VI, QUESTION 15A INCLUDED IN SCHEDULE O.
Pt I Line 4b
THE AMOUNT REFLECTED IN COLUMN B(III) FOR THE FOLLOWING INDIVIDUAL(S) INCLUDES PARTICIPATION IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) AS THE AMOUNTS WERE NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNTS OUTLINED HEREIN WERE INCLUDED IN EACH INDIVIDUALS 2023 FORM W-2 AS TAXABLE WAGES: JAMES CLARKE, MD, $110,891 AND DANIEL VARGA, $175,215.

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.

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 partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349304629

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