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Nonprofiteer
← SOMC MEDICAL GROUP PC

Form 990 for tax year 2024

Filed by SOMC MEDICAL GROUP PC.

Totals

Total revenue
$16,496,359
Total expenses
$16,496,359
Contributions and grants received
$1,041,598
Grants paid
$0
Program service revenue
$15,454,761
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,309,754
Total liabilities, end of year
$3,740,732
Net assets or fund balances, end of year
$569,022
Program services expenses (Part IX)
$15,561,970
Management and general expenses
$934,389
Fundraising expenses
$0
Program service expenses (Part III)
$15,561,970

Program services were 94.3% 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

    $1,041,598

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

    total $15,454,761 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $6,215,928 · program services $5,283,539 · management and general $932,389 · fundraising $0

  • 11g · Fees: other

    total $9,246,114 · program services $9,246,114 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $627 · program services $627 · management and general $0 · fundraising $0

  • 24a · Other expenses: BILLING FEES

    total $1,031,676 · program services $1,031,676 · management and general $0 · fundraising $0

  • 24b · Other expenses: STATE INCOME TAX

    total $2,000 · program services $0 · management and general $2,000 · fundraising $0

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $14 · program services $14 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $813,029 · end of year $705,796

  • 15 · Other assets

    beginning of year $2,906,688 · end of year $3,603,958

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,744,193 · end of year $3,485,053

  • 19 · Deferred revenue

    beginning of year $141,390 · end of year $225,815

  • 25 · Other liabilities

    beginning of year $29,864 · end of year $29,864

  • 27 · Net assets without donor restrictions

    beginning of year -$195,730 · end of year $569,022

Mission and programs · 2024

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 $15,561,970 · Revenue $15,454,761

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

Listed in Part VII

  • Kenneth N Sable MD

    VICE PRESIDENT & SECRETARY

    Total calculated
    $2,825,416
    From this org
    $0
    From related orgs
    $2,284,216
    Other
    $541,200
    Hours/week
    2.5

    Schedule J breakdown matched by us

    Base
    $0 + $1,217,408 related
    Bonus
    $0 + $863,129 related
    Other
    $0 + $203,679 related
    Deferred
    $0 + $497,362 related
    Nontaxable benefits
    $0 + $43,838 related
    Filer's total
    $0 + $2,825,416 related

  • James Clarke MD

    PRESIDENT & TREASURER

    Total calculated
    $1,427,246
    From this org
    $0
    From related orgs
    $1,380,345
    Other
    $46,901
    Hours/week
    2.5

    Schedule J breakdown matched by us

    Base
    $0 + $726,163 related
    Bonus
    $0 + $465,327 related
    Other
    $0 + $188,856 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $29,651 related
    Filer's total
    $0 + $1,427,247 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)

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 2024 FORM W-2 AS TAXABLE WAGES: JAMES CLARKE, MD, $114,772 AND KENNETH N. SABLE, MD, $157,024.
Pt I Line 4b
THE DEFERRED COMPENSATION AMOUNTS REFLECTED IN COLUMN (C) FOR THE FOLLOWING INDIVIDUAL(S) INCLUDE BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN). THESE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THESE INDIVIDUAL(S) WILL NOT EARN THE RIGHT TO RECEIVE THE DEFERRED COMPENSATION AMOUNTS UNLESS AND UNTIL THEY PROVIDE SUBSTANTIAL FUTURE SERVICES TO THE ORGANIZATION. WHEN THE FUTURE SERVICES REQUIREMENT IS MET, THE AMOUNTS WILL BECOME VESTED, WILL BE TAXED, WILL BE INCLUDED ON THE W-2, AND WILL BE REPORTED AGAIN ON THIS SCHEDULE: KENNETH N. SABLE, MD.

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.

  • HUMCUSP SURGERY CENTERS LLC

    HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • OLD BRIDGE MEDICAL ASSOCIATES LLC

    REAL ESTATE · NJ · 0% owned · general or managing partner

    Directly controlled by NA

  • COASTAL COOPERATIVE OF NJ LLC

    PURCHASING · NJ · 0% owned

    Directly controlled by NA

  • MERIDIAN HEALTH VILLAGE REALTY ASSOC

    REAL ESTATE · NJ · 0% owned · general or managing partner

    Directly controlled by NA

  • HACKENSACK MERIDIAN LIVING AT HOLMDEL LLC

    HEALTH SVCS · NJ · 0% owned · general or managing partner

    Directly controlled by NA

  • ESSEX RESIDENTIAL CARE LLC

    HEALTH SVCS · NJ · 0% owned · general or managing partner

    Directly controlled by NA

  • BERGEN POST ACUTE CARE LLC

    HEALTH SVCS · NJ · 0% owned · general or managing partner

    Directly controlled by NA

  • HACKENSACK MUSCULOSKELETAL SURGERY CENTER LLC

    HEALTH SVCS · NJ · 0% owned · general or managing partner

    Directly controlled by NA

  • TOTOWA CANCER CENTER LLC

    HEALTH SVCS · NJ · 0% owned · general or managing partner

    Directly controlled by NA

  • HMH URGENT CARE MANAGEMENT I LLC

    HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • HMH URGENT CARE MANAGEMENT II LLC

    HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • HMH URGENT CARE MANAGEMENT III LLC

    HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • MERIDIAN AT STAFFORD

    REAL ESTATE · NJ · 0% owned

    Directly controlled by NA

  • GENOMICS LAB MANAGEMENT LLC

    HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • HMH-AMM URGENT CARE MANAGEMENT LLC

    MNGMT SVCS · NJ · 0% owned

    Directly controlled by NA

  • HMH URGENT CARE PLUS MANAGEMENT LLC

    MNGMT SVCS · NJ · 0% owned

    Directly controlled by NA

  • HMH-USP VIRTUAL PRIMARY CARE LLC

    MNGMT SVCS · NJ · 0% owned

    Directly controlled by NA

  • MERIDIAN LIVING AT MANALAPAN LLC

    HEALTH SVCS · NJ · 0% owned · general or managing partner

    Directly controlled by NA

Related corporations and trusts

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

  • HACKENSACK MERIDIAN HEALTH VENTURES INC

    C · REAL ESTATE · NJ · 0% owned

    Directly controlled by NA

  • PALISADES CHILD CARE CENTER INC

    C · DAY CARE CENTER · NJ · 0% owned

    Directly controlled by NA

  • OAPCA INC

    C · CONDO ASSOC · NJ · 0% owned

    Directly controlled by NA

  • HACKESACK MERIDIAN URGENT CARE PLUS PC

    C · HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • JFK AMBULATORY CARE PA

    C · HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • HMH CASUALTY COMPANY LTD

    C · FINANCIAL VEHICLE · BD · 0% owned

    Directly controlled by NA

  • MERIDIAN CARDIOVASCULAR INTERPRETIVE SERVICES PC

    C · HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • HACKENSACK OCCUPATIONAL MEDICINE ASSOCIATES PC

    C · HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • NEW AMSTERDAM MEDICAL ASSOCIATE PC

    C · HEALTH SVCS · NY · 0% owned

    Directly controlled by NA

  • HACKENSACK MERIDIAN URGENT CARE PC

    C · HEALTH SVCS · NJ · 0% owned

    Directly controlled by NA

  • EVALUATE DIAGNOSTICS INC

    C · HEALTH SVCS · DE · 0% owned

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503169349303245

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