RWJBarnabas Health

Legal name: Monmouth Medical Center

Nonprofit profile at a glance

EIN
223452412
IRS 990 coverage
2010–2018
Official website data refreshed
Sep 2026
Forms available
Form 990 2018
Location
Long Branch, NJ, USA
Phone
1-800-300-0628
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$542,448,033
Expenses
$487,820,464
Assets
$770,048,613
Liabilities
$299,645,395

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

68 people listed

Executive titles in this filing

  • WILLIAM S ARNOLD (CEO)
  • DEANNA SPERLING (RWJBH BEHAVIORAL HEALTH CEO)
  • FRANK J VOZOS MD FACS (EXECUTIVE VICE PRESIDENT)
  • PHILLIP G PASSES (VICE PRESIDENT)
  • SHIRLEY HWANG (VICE PRESIDENT)
  • TARA FORMICA KELLY (VICE PRESIDENT)

Highest reported compensation

  • FRANK J VOZOS MD FACS (EXECUTIVE VICE PRESIDENT): $1,391,773 total reported compensation
  • WILLIAM S ARNOLD (CEO): $1,032,980 total reported compensation
  • MICHAEL MIMOSO (FORMER OFFICER): $888,388 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mission, Vision, Values, Commitment, Credo and Mantra Our Mission We are an academic health system, partnering with our communities to build and sustain a healthier New Jersey. We are an academic health system, partnering with our communities to build and sustain a healthier New Jersey. Our Vision. handshakeWe will effectively apply selfless principles to create a culture where all employees can thrive. circleWe will always hold ourselves accountable for our work, to each other and to every patient who gives us the privilege to care for them. chartCuriosity, vigilance and innovation drive us to advance our academic mission and commitment to training, education and research.

What it reported doing in 2018

Expenses incurred in providing medically necessary psychiatry services procedures to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. During 2018 the organization treated 17,658 psychiatric services procedures. Please refer to schedule o for the organization's community benefit statement.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 73
  • Accountability: 96
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.6%; rating input score 81
  • Program expense ratio: 90%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 11th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 67.7%; rating input score 68; 15th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 92.7%; rating input score 93; 48th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.1%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 1.58; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 1.8%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 85th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 80.6% of revenue deployed · 90% of spending went to programs
  • Governance: 38 of 41 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $439.1M in reported program spending
  • Leadership: top reported pay $1.4M · 68 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $63.7M reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 11 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: 28 filed money-flow records
  • Related organizations: 104 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.