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← PRINCETON HEALTHCARE SYSTEM A NEW JERSEY NON-PROFIT CORP

Form 990 for tax year 2024

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

Totals

Total revenue
$638,314,433
Total expenses
$640,017,153
Contributions and grants received
$2,771,687
Grants paid
$0
Program services expenses (Part IX)
$587,505,840
Management and general expenses
$52,511,313
Fundraising expenses
$0
Program service expenses (Part III)
$587,505,840

Program services were 91.8% 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
    $3,329,164
    From this org
    $0
    From related orgs
    $2,954,787
    Other
    $374,377
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,880,100 related
    Bonus
    $0 + $1,029,800 related
    Other
    $0 + $44,887 related
    Deferred
    $0 + $352,800 related
    Nontaxable benefits
    $0 + $21,577 related
    Filer's total
    $0 + $3,329,164 related
  • ROBERT VONDERHEIDE MD

    TRUSTEE

    Total calculated
    $1,186,473
    From this org
    $0
    From related orgs
    $1,133,945
    Other
    $52,528
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,483 related
    Bonus
    $0 + $299,865 related
    Other
    $0 + $383,597 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $18,028 related
    Filer's total
    $0 + $1,186,473 related
  • JAMES G DEMETRIADES

    PRESIDENT & CEO

    Total calculated
    $952,926
    From this org
    $855,051
    From related orgs
    $0
    Other
    $97,875
    Hours/week
    47 + 8 related

    Schedule J breakdown matched by us

    Base
    $533,355
    Bonus
    $230,020
    Other
    $91,676
    Deferred
    $79,500
    Nontaxable benefits
    $18,375
    Filer's total
    $952,926
  • CRAIG GRONCZEWSKI MD

    SENIOR VP MEDICAL AFFAIRS

    Total calculated
    $528,106
    From this org
    $512,462
    From related orgs
    $0
    Other
    $15,644
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $413,092
    Bonus
    $97,967
    Other
    $1,403
    Deferred
    $0
    Nontaxable benefits
    $15,644
    Filer's total
    $528,106
  • GUILHERME VALLADARES MBA

    SVP & CFO - ASST. TREAS.

    Total calculated
    $520,203
    From this org
    $489,159
    From related orgs
    $0
    Other
    $31,044
    Hours/week
    49 + 6 related

    Schedule J breakdown matched by us

    Base
    $400,344
    Bonus
    $87,550
    Other
    $1,265
    Deferred
    $0
    Nontaxable benefits
    $31,044
    Filer's total
    $520,203
  • PAUL ORTIZ

    VP BUS SVC LINE DEV-UNTIL 3/25

    Total calculated
    $492,308
    From this org
    $442,263
    From related orgs
    $0
    Other
    $50,045
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $312,510
    Bonus
    $85,025
    Other
    $44,728
    Deferred
    $31,202
    Nontaxable benefits
    $18,843
    Filer's total
    $492,308
  • YISRAEL KRAUS

    VP PHYSICIAN ALIGNMENT

    Total calculated
    $459,004
    From this org
    $443,583
    From related orgs
    $0
    Other
    $15,421
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $336,114
    Bonus
    $106,851
    Other
    $618
    Deferred
    $0
    Nontaxable benefits
    $15,421
    Filer's total
    $459,004
  • REINALDINE FLEURY

    FORMER CHRO & VP HUMAN RESOUR.

    Total calculated
    $443,575
    From this org
    $0
    From related orgs
    $433,984
    Other
    $9,591
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $330,009 related
    Bonus
    $0 + $103,194 related
    Other
    $0 + $781 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,591 related
    Filer's total
    $0 + $443,575 related
  • JONATHAN WOO

    VP MEDICAL AFFAIRS CMO

    Total calculated
    $424,153
    From this org
    $388,131
    From related orgs
    $0
    Other
    $36,022
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $351,032
    Bonus
    $36,000
    Other
    $1,099
    Deferred
    $0
    Nontaxable benefits
    $36,022
    Filer's total
    $424,153
  • HYONA REVERE

    SENIOR VP DEVELOPMENT

    Total calculated
    $383,463
    From this org
    $369,375
    From related orgs
    $0
    Other
    $14,088
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $301,102
    Bonus
    $66,573
    Other
    $1,700
    Deferred
    $0
    Nontaxable benefits
    $14,088
    Filer's total
    $383,463
  • KARYN BOOK

    VP PATIENT SVS & CNO

    Total calculated
    $370,793
    From this org
    $370,761
    From related orgs
    $0
    Other
    $32
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $304,096
    Bonus
    $65,749
    Other
    $916
    Deferred
    $0
    Nontaxable benefits
    $32
    Filer's total
    $370,793
  • MARGUERITE PEDLEY

    SENIOR VICE PRESIDENT PHBH

    Total calculated
    $365,986
    From this org
    $356,457
    From related orgs
    $0
    Other
    $9,529
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $290,597
    Bonus
    $63,342
    Other
    $2,518
    Deferred
    $0
    Nontaxable benefits
    $9,529
    Filer's total
    $365,986
  • PETER THOMAS

    VP, OUTPATIENT ADMINISTRATION

    Total calculated
    $291,016
    From this org
    $280,402
    From related orgs
    $0
    Other
    $10,614
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $240,510
    Bonus
    $36,013
    Other
    $3,879
    Deferred
    $0
    Nontaxable benefits
    $10,614
    Filer's total
    $291,016
  • CAROL NORRIS-SMITH

    VP PR - MARKETING - UNTIL 3/25

    Total calculated
    $290,460
    From this org
    $262,815
    From related orgs
    $0
    Other
    $27,645
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $215,598
    Bonus
    $45,423
    Other
    $1,794
    Deferred
    $0
    Nontaxable benefits
    $27,645
    Filer's total
    $290,460
  • CHING-YI LIU

    VP, FINANCE

    Total calculated
    $286,465
    From this org
    $270,765
    From related orgs
    $0
    Other
    $15,700
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $232,842
    Bonus
    $37,241
    Other
    $682
    Deferred
    $0
    Nontaxable benefits
    $15,700
    Filer's total
    $286,465
  • DONNA REGER

    INTERNIST

    Total calculated
    $285,117
    From this org
    $274,990
    From related orgs
    $0
    Other
    $10,127
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $273,535
    Bonus
    $0
    Other
    $1,455
    Deferred
    $0
    Nontaxable benefits
    $10,127
    Filer's total
    $285,117
  • EDWARD HENRY

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $285,102
    From this org
    $271,534
    From related orgs
    $0
    Other
    $13,568
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $225,793
    Bonus
    $45,091
    Other
    $650
    Deferred
    $0
    Nontaxable benefits
    $13,568
    Filer's total
    $285,102
  • STEPHANIE D TIEKU

    NURSE MANAGER

    Total calculated
    $274,581
    From this org
    $259,486
    From related orgs
    $0
    Other
    $15,095
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $258,737
    Bonus
    $0
    Other
    $749
    Deferred
    $0
    Nontaxable benefits
    $15,095
    Filer's total
    $274,581
  • DEBORAH CASARELLA

    FORMER ASSOC. CHIEF INFO. OFF.

    Total calculated
    $265,127
    From this org
    $0
    From related orgs
    $264,308
    Other
    $819
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $207,544 related
    Bonus
    $0 + $55,944 related
    Other
    $0 + $820 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $819 related
    Filer's total
    $0 + $265,127 related
  • KARI MASTRO

    DIRECTOR OF PRACTICE

    Total calculated
    $249,745
    From this org
    $235,668
    From related orgs
    $0
    Other
    $14,077
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $204,566
    Bonus
    $30,000
    Other
    $1,102
    Deferred
    $0
    Nontaxable benefits
    $14,077
    Filer's total
    $249,745
  • AMY REIGNER

    CHIEF HR OFFICER

    Total calculated
    $225,332
    From this org
    $211,620
    From related orgs
    $0
    Other
    $13,712
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $168,326
    Bonus
    $43,077
    Other
    $217
    Deferred
    $0
    Nontaxable benefits
    $13,712
    Filer's total
    $225,332
  • ROSEMARIE COSTAGLIOLA

    DIR. OF CORPORATE GOVERNANCE

    Total calculated
    $25,696
    From this org
    $25,667
    From related orgs
    $0
    Other
    $29
    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 - UNTIL 3/25

    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, VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • PHILIP CARCHMAN

    TRUSTEE, SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 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 MD

    TRUSTEE - UNTIL 3/25

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • WILLIAM G HYNICK

    TRUSTEE

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

    TRUSTEES

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

    TRUSTEE

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

    TRUSTEES

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DONALD HOFMANN

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 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 — 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: JAMES G. DEMETRIADES - $69,548 PAUL ORTIZ - $27,549 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (THE "HEALTH SYSTEM") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR THE CHIEF EXECUTIVE OFFICER OF THE HEALTH SYSTEM. VESTING IN THE SERP OCCURS ON JUNE 30, 2027 OR UPON THE OCCURRENCE OF CERTAIN EVENTS (DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). 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 HEALTH SYSTEM SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: KEVIN MAHONEY - NO DISTRIBUTION 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
2024
Filed
4 May 2026
IRS schema version
2024v5.2
Source object
202611349349310536

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