Hackensack Meridian Health Medical Group-Specialty Care Pc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 160,707,957 | 160,707,844 | 113 | 0.0 | 64% |
| 2021 | 235,450,647 | 235,450,647 | 0 | -4.5 | 68% |
| 2022 | 278,335,744 | 278,335,744 | 0 | 0.6 | 61% |
| 2023 | 720,923,458 | 720,924,396 | −938 | -2.0 | 64% |
In its most recent public year (2023), this organization spent $938 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2 months), down from 0 in 2020. Staff pay was 64% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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