Hackensack Meridian Health Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 139,229,384 | 63,244,617 | 75,984,767 | 25.1 | 0% |
| 2020 | 151,034,525 | 77,696,166 | 73,338,359 | 81.4 | 0% |
| 2021 | 570,011,580 | 85,867,136 | 484,144,444 | 146.1 | 0% |
| 2022 | 89,245,237 | 57,961,144 | 31,284,093 | -70.1 | 15% |
| 2023 | 60,482,688 | 81,092,608 | −20,609,920 | 62.5 | 15% |
In its most recent public year (2023), this organization spent $20,609,920 more than it brought in. Its reserves stood at about 62.5 months of spending, up from 25.1 in 2019. Staff pay was 15% of spending. $12,031,049 of its net assets are donor-restricted.
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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