Hackensack Meridian Health

Overview

Mission

Hackensack Meridian Health brings together leading-edge care, research, and medical education to deliver the best outcomes, and care shaped around the unique needs of every patient we serve. Welcome to the Hackensack Meridian _Health_ family! Our mission is to transform health care in New Jersey and beyond…and we live this mission every day. We are extremely proud to be the largest, most comprehensive and truly integrated health care network in New Jersey, offering a complete range of medical services, innovative research and life-enhancing care. Here you’ll find the information, resources and tools that will help you to be successful at HMH. From great benefits and innovative wellness programs, to robust learning and development opportunities, we continue to cultivate an exceptional work environment where you can do the kind of work that leads to fulfillment and professional gr.

What it reported doing in 2024

Acute care: expenses incurred in providing medically necessary acute care services, including inpatient cardiac, pediatrics and rehabilitation services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay. During 2024, there were 160,998 cases resulting in 838,753 patient days.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The nonprofit carried out 94% of its reported program work directly.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
010649794
IRS 990 coverage
2010–2024
Website reviewed
Jun 2026
Forms available
Form 990 2024
Headquarters
Edison, NJ, USA
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals

Official website

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The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and available reserves provide a limited financial cushion.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 75
  • Accountability: 82
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.8%; rating input score 84
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: $10.12 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 4th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100
  • Public monitoring controls: 0 of 8 controls in place; rating input score 0
  • Public policy transparency: 3 of 7 controls in place; rating input score 43
  • Public financial transparency: 1 of 5 controls in place; rating input score 20
  • Impact reporting controls: 4 of 7 controls in place; rating input score 57
  • Public relationship transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 80.9%; rating input score 81; 27th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
  • Public governance controls: 1 of 4 controls in place; rating input score 25
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: 6%; rating input score 60; 60th percentile among comparable filings
  • Operating reserve ratio: 0.92; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 1%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 17.2% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 14.4% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 11.3% per year; rating input score 100; 76th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 83.8% of revenue deployed · 89.8% of spending went to programs
  • Governance: 186 of 230 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $7.5B in reported program spending
  • Leadership: top reported pay $13.5M · 271 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 46 of 48 current checks pass · 2 findings to review
  • Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 14 annual filings from 2010 to 2024
  • Money network: 125 filed money-flow records
  • Related organizations: 121 filed related-organization links