Form 990 for tax year 2023
Filed by SAINT PETERS UNIVERSITY HOSPITAL.
Totals
- Total revenue
- $584,565,841
- Total expenses
- $565,533,375
- Contributions and grants received
- $21,031,878
- Grants paid
- $135,977
- Program service revenue
- $554,953,392
- Investment income
- $4,172,446
- Other revenue
- $4,408,125
- Total assets, end of year
- $597,482,000
- Total liabilities, end of year
- $297,484,000
- Net assets or fund balances, end of year
- $299,998,000
- Program services expenses (Part IX)
- $451,139,475
- Management and general expenses
- $114,393,900
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $451,139,475
Program services were 79.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Leslie D Hirsch FACHE
Trustee - President/CEO
- Total calculated
- $2,018,484
- From this org
- $0
- From related orgs
- $1,703,149
- Other
- $315,335
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $1,232,193 related
- Bonus
- $0 + $427,744 related
- Other
- $0 + $43,212 related
- Deferred
- $0 + $294,160 related
- Nontaxable benefits
- $0 + $21,175 related
- Filer's total
- $0 + $2,018,484 related
-
Arkady Broder MD
Gastroenterologist
- Total calculated
- $1,073,352
- From this org
- $1,012,221
- From related orgs
- $0
- Other
- $61,131
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $610,714
- Bonus
- $378,017
- Other
- $23,490
- Deferred
- $16,500
- Nontaxable benefits
- $44,631
- Filer's total
- $1,073,352
-
David Jacob MD
Cardiologist
- Total calculated
- $980,417
- From this org
- $945,707
- From related orgs
- $0
- Other
- $34,710
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $602,731
- Bonus
- $332,308
- Other
- $10,668
- Deferred
- $14,605
- Nontaxable benefits
- $20,105
- Filer's total
- $980,417
-
Lindsay Arthur
Chairman - Surgery
- Total calculated
- $956,810
- From this org
- $903,891
- From related orgs
- $0
- Other
- $52,919
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $834,609
- Bonus
- $65,000
- Other
- $4,282
- Deferred
- $16,500
- Nontaxable benefits
- $36,419
- Filer's total
- $956,810
-
Garrick J Stoldt FHFMA CPA
Treasurer - CFO SPHCS
- Total calculated
- $945,687
- From this org
- $0
- From related orgs
- $824,300
- Other
- $121,387
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $642,418 related
- Bonus
- $0 + $137,395 related
- Other
- $0 + $44,487 related
- Deferred
- $0 + $93,086 related
- Nontaxable benefits
- $0 + $28,301 related
- Filer's total
- $0 + $945,687 related
-
Alma S Ratcliffe MD
VP;CHIEF CLINICAL TRANSF. OFF.
- Total calculated
- $863,587
- From this org
- $0
- From related orgs
- $761,241
- Other
- $102,346
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $512,100 related
- Bonus
- $0 + $116,377 related
- Other
- $0 + $132,764 related
- Deferred
- $0 + $81,370 related
- Nontaxable benefits
- $0 + $20,976 related
- Filer's total
- $0 + $863,587 related
-
Andrew Korman MD
Gastroenterologist
- Total calculated
- $856,272
- From this org
- $803,092
- From related orgs
- $0
- Other
- $53,180
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $372,289
- Bonus
- $429,963
- Other
- $840
- Deferred
- $16,500
- Nontaxable benefits
- $36,680
- Filer's total
- $856,272
-
Jordan M Tannenbaum MDMBA
VP; CIO/CMIO
- Total calculated
- $790,625
- From this org
- $0
- From related orgs
- $684,863
- Other
- $105,762
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $454,471 related
- Bonus
- $0 + $105,318 related
- Other
- $0 + $125,074 related
- Deferred
- $0 + $75,206 related
- Nontaxable benefits
- $0 + $30,556 related
- Filer's total
- $0 + $790,625 related
-
Kianoush Sheykholeslami MD
ENT Surgeon (Term 12/31/2023)
- Total calculated
- $782,572
- From this org
- $745,922
- From related orgs
- $0
- Other
- $36,650
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $742,310
- Bonus
- $0
- Other
- $3,612
- Deferred
- $16,500
- Nontaxable benefits
- $20,150
- Filer's total
- $782,572
-
Linda Carroll MSN RN-BC
CNO/VP Patient Care Services
- Total calculated
- $720,296
- From this org
- $616,871
- From related orgs
- $0
- Other
- $103,425
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $506,037
- Bonus
- $102,042
- Other
- $8,792
- Deferred
- $72,699
- Nontaxable benefits
- $30,726
- Filer's total
- $720,296
-
Niranjan V Rao MD
Chief Medical Officer
- Total calculated
- $713,942
- From this org
- $0
- From related orgs
- $616,194
- Other
- $97,748
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $405,486 related
- Bonus
- $0 + $92,889 related
- Other
- $0 + $117,819 related
- Deferred
- $0 + $69,273 related
- Nontaxable benefits
- $0 + $28,475 related
- Filer's total
- $0 + $713,942 related
-
Alyssa A Verderami Esq
Secretary-VP Legal & Risk Mgt
- Total calculated
- $657,268
- From this org
- $0
- From related orgs
- $555,474
- Other
- $101,794
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $438,866 related
- Bonus
- $0 + $94,797 related
- Other
- $0 + $21,811 related
- Deferred
- $0 + $70,357 related
- Nontaxable benefits
- $0 + $31,437 related
- Filer's total
- $0 + $657,268 related
-
Nayan K Kothari MD
Chief Academic Officer
- Total calculated
- $598,238
- From this org
- $556,572
- From related orgs
- $0
- Other
- $41,666
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $483,243
- Bonus
- $54,405
- Other
- $18,924
- Deferred
- $16,500
- Nontaxable benefits
- $25,166
- Filer's total
- $598,238
-
Lisa M Drumbore
VP; Chief Experience Officer
- Total calculated
- $524,183
- From this org
- $0
- From related orgs
- $442,307
- Other
- $81,876
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $342,421 related
- Bonus
- $0 + $73,212 related
- Other
- $0 + $26,674 related
- Deferred
- $0 + $57,310 related
- Nontaxable benefits
- $0 + $24,566 related
- Filer's total
- $0 + $524,183 related
-
LAURA ATKINSON
VP; CHIEF HR OFF.(EFF 3/20/23)
- Total calculated
- $467,563
- From this org
- $0
- From related orgs
- $403,298
- Other
- $64,265
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $301,733 related
- Bonus
- $0 + $100,959 related
- Other
- $0 + $606 related
- Deferred
- $0 + $46,956 related
- Nontaxable benefits
- $0 + $17,309 related
- Filer's total
- $0 + $467,563 related
-
Barbara J Griffiths-Welsh
Chief Compliance Officer
- Total calculated
- $456,341
- From this org
- $0
- From related orgs
- $376,216
- Other
- $80,125
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $275,707 related
- Bonus
- $0 + $67,100 related
- Other
- $0 + $33,409 related
- Deferred
- $0 + $53,029 related
- Nontaxable benefits
- $0 + $27,096 related
- Filer's total
- $0 + $456,341 related
-
William J Rears
Chief Technology Officer
- Total calculated
- $314,269
- From this org
- $0
- From related orgs
- $270,798
- Other
- $43,471
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $264,647 related
- Bonus
- $0
- Other
- $0 + $6,151 related
- Deferred
- $0 + $13,191 related
- Nontaxable benefits
- $0 + $30,280 related
- Filer's total
- $0 + $314,269 related
-
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-PRES MED STAFF
- 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-PAST PRES MED STAFF
- 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 06/01/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Borislav Stoev DO FACEP
Trustee (Termed 01/10/2023)
- 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 COLUMN B(III) FOR THE FOLLOWING INDIVIDUALS INCLUDES CURRENT YEAR VESTINGS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS THE AMOUNTS WERE NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNTS OUTLINED HEREIN WERE 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 AND 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; LINDA CARROLL, MSN, RN-BC, $56,879; NIRANJAN V. RAO, M.D., $52,773; ALYSSA A. VERDERAMI, ESQ., $53,857; LISA M. DRUMBORE, $40,810; 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
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.
-
501(C)(3) · FUNDRAISING · NJ
Directly controlled by SPHCS
-
SAINT PETER'S HEALTH & MGMT SVCS CORP
501(C)(3) · SUPPORT SPUH · NJ
Directly controlled by SPHCS
-
ST PETER'S HEALTHCARE SYSTEM INC
501(C)(3) · HOLDING CO. · NJ
-
ST PETER'S PROPERTIES CORPORATION
501(C)(2) · REAL ESTATE · NJ
Directly controlled by SPHCS
-
NEW BRUNSWICK AFFILIATED HOSPITALS INC
501(C)(3) · HEALTH SVCS. · NJ
Directly controlled by RWJHCC
-
SAINT PETER'S HEALTHCARE SYST PHYS ASSOC
501(C)(3) · HEALTH SVCS. · NJ · controlled entity
Directly controlled by SPUH
-
MARGARET MCLAUGHLIN MCCARRICK CARE CNTR
501(C)(3) · INACTIVE · NJ · controlled entity
Directly controlled by SPUH
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
-
FOREIGN CORP. · FINANCIAL VEHICLE · ID · 100% owned · share of income $3,972,220 · share of assets $35,319,752 · controlled entity
Directly controlled by SPUH
-
SAINT PETER'S SPECIALTY PHYSICIANS PC
C CORP. · HEALTH SVCS. · NJ · 100% owned · share of income $403,351 · share of assets $197,670 · controlled entity
Directly controlled by SPUH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349313027
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