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Nonprofiteer
← SAINT PETERS HEALTHCARE SYSTEM INC

Form 990 for tax year 2024

Filed by SAINT PETERS HEALTHCARE SYSTEM INC.

Totals

Total revenue
$61,746,101
Total expenses
$61,307,781
Contributions and grants received
$0
Grants paid
$172,591
Program service revenue
$61,746,101
Investment income
$0
Other revenue
$0
Total assets, end of year
$27,407,056
Total liabilities, end of year
$27,407,056
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$48,475,473
Management and general expenses
$12,832,308
Fundraising expenses
$0
Program service expenses (Part III)
$48,475,473

Program services were 79.1% 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: PROGRAM RELATED REVENUE

    total $61,746,101 · related or exempt $61,746,101

  • 3 · Investment income

    total $0 · unrelated business $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $172,591 · program services $172,591

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $7,759,259 · program services $6,130,587 · management and general $1,628,672

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $20,511,498 · program services $16,206,124 · management and general $4,305,374

  • 8 · Pension plan contributions

    total $1,080,080 · program services $853,371 · management and general $226,709

  • 9 · Other employee benefits

    total $2,767,717 · program services $2,186,772 · management and general $580,945

  • 10 · Payroll taxes

    total $1,769,070 · program services $1,397,741 · management and general $371,329

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $779,785 · program services $616,108 · management and general $163,677

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $12,015,839 · program services $9,493,708 · management and general $2,522,131 · fundraising $0

  • 12 · Advertising and promotion

    total $2,048,331 · program services $1,618,385 · management and general $429,946

  • 13 · Office expenses

    total $1,868,662 · program services $1,476,429 · management and general $392,233

  • 14 · Information technology

    total $345,981 · program services $273,359 · management and general $72,622

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $70 · program services $55 · management and general $15

  • 17 · Travel

    total $74,401 · program services $58,784 · management and general $15,617

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $48,064 · program services $37,975 · management and general $10,089

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $7,747,177 · program services $6,121,041 · management and general $1,626,136

  • 24b · Other expenses: DUES AND SUBSCRIPTION

    total $975,756 · program services $770,944 · management and general $204,812

  • 24c · Other expenses: RECRUITMENT

    total $592,967 · program services $468,503 · management and general $124,464

  • 24d · Other expenses: EDUCATION AND TRAINING

    total $110,668 · program services $87,439 · management and general $23,229

  • 24e · All other expenses

    total $639,865 · program services $505,557 · management and general $134,308

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $366,273 · end of year $624,381

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,912,387 · end of year $2,562,325

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $120,031,100 · end of year $24,220,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,893,343 · end of year $8,963,618

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $114,416,417 · end of year $18,443,438

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

SAINT PETER'S HEALTHCARE SYSTEM, INC. IS A NOT FOR-PROFIT HOLDING COMPANY BASED IN NEW BRUNSWICK, NEW JERSEY. SAINT PETER'S HEALTHCARE SYSTEM, INC. IS THE SOLE CORPORATE MEMBER OF A NUMBER OF NOT FOR-PROFIT ENTITIES AND THE SOLE SHAREHOLDER OF VARIOUS OTHER ENTITIES. THE INTERNAL REVENUE SERVICE HAS RECOGNIZED SAINT PETER'S HEALTHCARE SYSTEM, INC. AS BEING A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED WITHIN SCHEDULE O.

Activities or mission (Part I)

THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF SAINT PETER'S HEALTHCARE SYSTEM AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

  • EXPENSES INCURRED IN SUPPORTING SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION AND OTHER SAINT PETER'S HEALTHCARE SYSTEM AFFILIATES WHICH PROVIDE MEDICALLY NECESSARY HEALTHCARE SERVICES TO THE COMMUNITY AND ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

    Expenses $48,475,473 · Grants $172,591 · Revenue $61,746,101

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

Listed in Part VII

  • Leslie D Hirsch Fache

    TRUSTEE - PRESIDENT/CEO

    Total calculated
    $2,051,343
    From this org
    $1,737,001
    From related orgs
    $0
    Other
    $314,342
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,256,388
    Bonus
    $440,309
    Other
    $40,304
    Deferred
    $289,998
    Nontaxable benefits
    $24,344
    Filer's total
    $2,051,343

  • Garrick J Stoldt Fhfma CPA

    TREASURER - CFO

    Total calculated
    $921,286
    From this org
    $796,857
    From related orgs
    $0
    Other
    $124,429
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $611,803
    Bonus
    $139,956
    Other
    $45,098
    Deferred
    $94,896
    Nontaxable benefits
    $29,533
    Filer's total
    $921,286

  • Niranjan V Rao MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $790,918
    From this org
    $681,621
    From related orgs
    $0
    Other
    $109,297
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $541,843
    Bonus
    $104,418
    Other
    $35,360
    Deferred
    $79,882
    Nontaxable benefits
    $29,415
    Filer's total
    $790,918

  • Alma S Ratcliffe MD

    VP; CHIEF CLINICAL TRANSF. OFF

    Total calculated
    $789,344
    From this org
    $682,377
    From related orgs
    $0
    Other
    $106,967
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $521,995
    Bonus
    $118,545
    Other
    $41,837
    Deferred
    $83,617
    Nontaxable benefits
    $23,350
    Filer's total
    $789,344

  • Jordan M Tannenbaum MD

    VP; CIO/CMIO

    Total calculated
    $715,268
    From this org
    $608,679
    From related orgs
    $0
    Other
    $106,589
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $460,507
    Bonus
    $107,280
    Other
    $40,892
    Deferred
    $76,769
    Nontaxable benefits
    $29,820
    Filer's total
    $715,268

  • Alyssa A Verderami Esq

    SECRETARY-VP LEGAL & RISK MGMT

    Total calculated
    $657,525
    From this org
    $550,058
    From related orgs
    $0
    Other
    $107,467
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $448,677
    Bonus
    $98,420
    Other
    $2,961
    Deferred
    $72,599
    Nontaxable benefits
    $34,868
    Filer's total
    $657,525

  • Lisa M Drumbore

    VP; CHIEF EXPERIENCE OFFICER

    Total calculated
    $502,604
    From this org
    $425,776
    From related orgs
    $0
    Other
    $76,828
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $321,856
    Bonus
    $74,576
    Other
    $29,344
    Deferred
    $59,002
    Nontaxable benefits
    $17,826
    Filer's total
    $502,604

  • James S Choma

    VP; CATHOLIC MISSION & CDO

    Total calculated
    $495,839
    From this org
    $415,634
    From related orgs
    $0
    Other
    $80,205
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $312,710
    Bonus
    $73,667
    Other
    $29,257
    Deferred
    $58,307
    Nontaxable benefits
    $21,898
    Filer's total
    $495,839

  • Barbara J Griffiths-Welsh

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $466,581
    From this org
    $381,095
    From related orgs
    $0
    Other
    $85,486
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $278,620
    Bonus
    $68,350
    Other
    $34,125
    Deferred
    $53,970
    Nontaxable benefits
    $31,516
    Filer's total
    $466,581

  • Laura Atkinson

    VP; CHIEF HR OFF.(Term 7/24)

    Total calculated
    $368,551
    From this org
    $342,251
    From related orgs
    $0
    Other
    $26,300
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $202,234
    Bonus
    $105,928
    Other
    $34,089
    Deferred
    $9,449
    Nontaxable benefits
    $16,851
    Filer's total
    $368,551

  • Doreen Stevenson

    DIRECTOR OF FINANCE

    Total calculated
    $357,761
    From this org
    $308,027
    From related orgs
    $0
    Other
    $49,734
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $305,349
    Bonus
    $0
    Other
    $2,678
    Deferred
    $15,617
    Nontaxable benefits
    $34,117
    Filer's total
    $357,761

  • William J Rears

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $325,878
    From this org
    $278,176
    From related orgs
    $0
    Other
    $47,702
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $275,524
    Bonus
    $0
    Other
    $2,652
    Deferred
    $14,474
    Nontaxable benefits
    $33,228
    Filer's total
    $325,878

  • Michele N Giuliano Cmpe

    EXECUTIVE DIRECTOR

    Total calculated
    $314,232
    From this org
    $271,326
    From related orgs
    $0
    Other
    $42,906
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $268,793
    Bonus
    $0
    Other
    $2,533
    Deferred
    $8,876
    Nontaxable benefits
    $34,030
    Filer's total
    $314,232

  • Cindy T Kottler

    SR. DIRECTOR APPLICATIONS

    Total calculated
    $301,950
    From this org
    $265,545
    From related orgs
    $0
    Other
    $36,405
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $258,336
    Bonus
    $0
    Other
    $7,209
    Deferred
    $13,656
    Nontaxable benefits
    $22,749
    Filer's total
    $301,950

  • Nicholas J Lacerenza

    CONTROLLER

    Total calculated
    $299,212
    From this org
    $284,127
    From related orgs
    $0
    Other
    $15,085
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $281,671
    Bonus
    $0
    Other
    $2,456
    Deferred
    $13,894
    Nontaxable benefits
    $1,191
    Filer's total
    $299,212

  • 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

    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

  • Naveen Mehrotra MD

    Trustee

    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

  • Christopher Gribbon MD

    Trustee (TERMED 2/24)

    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 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 2024 FORM W-2, AS TAXABLE MEDICARE WAGES: LESLIE D. HIRSCH, FACHE, $272,748; GARRICK J. STOLDT, FHFMA, CPA, $77,646; NIRANJAN V. RAO, M.D., $62,632; ALMA S. RATCLIFFE, M.D., $66,367; JORDAN M. TANNENBAUM, M.D., MBA, $59,519; ALYSSA A. VERDERAMI, ESQ., $55,349; JAMES S. CHOMA, $41,056; LISA M. DRUMBORE, $41,752 AND BARBARA J. GRIFFITHS-WELSH, $38,093.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2024 WHICH WAS INCLUDED IN COLUMN (II) HEREIN AND IN EACH INDIVIDUAL'S 2024 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.

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

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 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

  • RISK ASSURANCE CO OF SPUH

    FOREIGN CORP. · FINANCIAL VEHICLE · CJ

  • SAINT PETER'S SPECIALTY PHYSICIANS PC

    C CORP. · HEALTH SVCS. · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.2
Source object
202513179349305831

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