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Nonprofiteer
← HUNTERDON SPECIALTY CARE PC

Form 990 for tax year 2024

Filed by HUNTERDON SPECIALTY CARE PC.

Totals

Total revenue
$32,480,698
Total expenses
$49,090,075
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$32,480,698
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,344,368
Total liabilities, end of year
$73,892,114
Net assets or fund balances, end of year
-$67,547,746
Program services expenses (Part IX)
$43,199,267
Management and general expenses
$5,890,808
Fundraising expenses
$0
Program service expenses (Part III)
$43,199,267

Program services were 88.0% 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.

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

    total $32,126,869 · related or exempt $32,126,869 · unrelated business $0

  • 2b · Program service revenue: OTHER HEALTHCARE RELATED REVENUE

    total $353,829 · related or exempt $353,829 · unrelated business $0

  • 3 · Investment income

    total $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 $0

  • 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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $28,432,951 · program services $25,020,997 · management and general $3,411,954

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $1,274,258 · program services $1,121,347 · management and general $152,911

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 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 $17,431,290 · program services $15,339,535 · management and general $2,091,755 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $153,374 · program services $134,969 · management and general $18,405

  • 14 · Information technology

    total $46,879 · program services $41,254 · management and general $5,625

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,086,785 · program services $956,371 · management and general $130,414

  • 17 · Travel

    total $88,740 · program services $78,091 · management and general $10,649

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $5,802 · program services $5,106 · management and general $696

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $365,945 · program services $322,032 · management and general $43,913

  • 24b · Other expenses: OTHER EXPENSES

    total $204,051 · program services $179,565 · management and general $24,486

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,271,603 · end of year $3,765,298

  • 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 $2,260,788 · end of year $2,546,418

  • 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 $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $32,652

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $32,652

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,437,626 · end of year $4,339,123

  • 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 $52,033,134 · end of year $69,552,991

  • 27 · Net assets without donor restrictions

    beginning of year -$50,938,369 · end of year -$67,547,746

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO SUPPORT THE GOALS AND OBJECTIVES OF HUNTERDON HEALTHCARE SYSTEM, INC. AND ITS AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM. HUNTERDON SPECIALTY CARE, P.C.S ACTIVITIES AND CHARITABLE PURPOSES INCLUDE, WITHOUT LIMITATION, ACTIVITIES IN FURTHERANCE OF HUNTERDON MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL AND BY DELIVERING COMPASSIONATE AND EXCEPTIONAL CARE THAT IMPROVES THE HEALTH OF THE COMMUNITY BY OFFERING COMMUNITY FOCUSED HEALTH IMPROVEMENT.

Activities or mission (Part I)

to deliver compassionate and exceptional care that improves the health of the community by offering community focused health improvemement.

  • Expenses incurred in supporting the goals and objectives of Hunterdon Healthcare System, Inc. and its affiliates; a tax-exempt integrated healthcare delivery system. Hunterdon Specialty Care, P.C.s activities and charitable purposes include, without limitation, activities in furtherance of Hunterdon Medical Center; a related internal revenue code section 501(c)(3) tax-exempt hospital.

    Expenses $43,199,267 · Revenue $32,480,698

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

Listed in Part VII

  • Neal Varughese MD

    PHYSICIAN

    Total calculated
    $1,452,061
    From this org
    $1,449,511
    From related orgs
    $0
    Other
    $2,550
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $792,625
    Bonus
    $656,778
    Other
    $108
    Deferred
    $2,550
    Nontaxable benefits
    $0
    Filer's total
    $1,452,061

  • Sarah Qureshi MD

    PHYSICIAN

    Total calculated
    $906,010
    From this org
    $852,044
    From related orgs
    $0
    Other
    $53,966
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $471,662
    Bonus
    $380,278
    Other
    $104
    Deferred
    $13,200
    Nontaxable benefits
    $40,766
    Filer's total
    $906,010

  • Jeffrey Hartford MD

    PHYSICIAN

    Total calculated
    $888,393
    From this org
    $843,486
    From related orgs
    $0
    Other
    $44,907
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $842,637
    Bonus
    $125
    Other
    $724
    Deferred
    $16,500
    Nontaxable benefits
    $28,407
    Filer's total
    $888,393

  • Sandeep Bhargava MD

    PHYSICIAN

    Total calculated
    $810,141
    From this org
    $759,135
    From related orgs
    $0
    Other
    $51,006
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $633,173
    Bonus
    $102,446
    Other
    $23,516
    Deferred
    $14,850
    Nontaxable benefits
    $36,156
    Filer's total
    $810,141

  • Siobhan Hartigan MD

    PHYSICIAN

    Total calculated
    $706,833
    From this org
    $688,633
    From related orgs
    $0
    Other
    $18,200
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $479,797
    Bonus
    $185,728
    Other
    $23,108
    Deferred
    $13,200
    Nontaxable benefits
    $5,000
    Filer's total
    $706,833

  • David D Skillinge Do

    TRST - VP MED PRAC (TERM 4/24)

    Total calculated
    $642,107
    From this org
    $0
    From related orgs
    $614,991
    Other
    $27,116
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $490,764 related
    Bonus
    $0 + $120,797 related
    Other
    $0 + $3,430 related
    Deferred
    $0 + $14,850 related
    Nontaxable benefits
    $0 + $12,266 related
    Filer's total
    $0 + $642,107 related

  • Jessica Codjoe MD

    TRUSTEE - CMO

    Total calculated
    $605,101
    From this org
    $0
    From related orgs
    $583,921
    Other
    $21,180
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $526,277 related
    Bonus
    $0 + $34,125 related
    Other
    $0 + $23,519 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,180 related
    Filer's total
    $0 + $605,101 related

  • Nicolene M Kushner

    COO

    Total calculated
    $456,084
    From this org
    $0
    From related orgs
    $423,455
    Other
    $32,629
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $341,369 related
    Bonus
    $0 + $78,656 related
    Other
    $0 + $3,430 related
    Deferred
    $0 + $19,075 related
    Nontaxable benefits
    $0 + $13,554 related
    Filer's total
    $0 + $456,084 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

  • 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 INDIVIDUAL INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUAL MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN HER 2024 FORM W-2, AS TAXABLE WAGES: NICOLENE M. KUSHNER, $12,360.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2024 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(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

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.

  • HUNT IMAGING ASSOC

    HEALTHCARE · NJ

    Directly controlled by NA

  • HUNT HEALTHCARE LLC

    HEALTHCARE · NJ

    Directly controlled by NA

  • HC FOR SURGERY LLC

    HEALTHCARE · NJ

    Directly controlled by NA

  • MIDJERSEY HLTH ALLI

    HEALTHCARE · NJ

    Directly controlled by NA

  • BRIDGEWATER AM SURG

    HEALTHCARE · NJ

    Directly controlled by NA

  • HUNTERDON AMB SVCS

    HEALTHCARE · NJ

    Directly controlled by NA

  • BRIDGEWATER ADV IMG

    HEALTHCARE · NJ

    Directly controlled by NA

  • RARITAN FAM HEALTH

    HEALTHCARE · NJ

    Directly controlled by NA

Related corporations and trusts

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

  • MIDJERSEY HEALTH CORPORATION

    C CORP. · HEALTHCARE · NJ

    Directly controlled by NA

  • HUNTERDON REGIONAL PHARMACY INC

    C CORP. · HEALTHCARE · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202513179349306356

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