Princeton Healthcare System Holding Inc
Nonprofit profile at a glance
- EIN
- 223493256
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Plainsboro, NJ, USA
- Phone
- 6098537107
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $1,065,801
- Expenses
- $151,467
- Assets
- $3,919,304
- Liabilities
- $2,689,336
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- KEVIN B MAHONEY (TRUSTEE - CEO-UPHS)
- JAMES G DEMETRIADES (TRUSTEE- PRESIDENT & CEO)
Highest reported compensation
- KEVIN B MAHONEY (TRUSTEE - CEO-UPHS): $3,329,164 total reported compensation
- ROBERT VONDERHEIDE MD (TRUSTEE): $1,186,473 total reported compensation
- JAMES G DEMETRIADES (TRUSTEE- PRESIDENT & CEO): $952,926 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization acts as the tax-exempt parent holding company of a tax-exempt integrated healthcare delivery system that provides medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. Please refer to the organization's community benefit statement included in schedule o.
What it reported doing in 2024
See schedule o
Operating model
- Revenue model
- Earned-program. 100% 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
MIXED - Most voting board members are independent and program spending has grown recently. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 55
- Accountability: 90
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.8%; rating input score 13
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 83.3%; rating input score 83; 19th 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: 85.8%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 25.88; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.69; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 367%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 10.8% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 17.4% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 12.8% of revenue deployed · 90% of spending went to programs
- Governance: 15 of 18 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $136K in reported program spending
- Leadership: top reported pay $3.3M · 22 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 88 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 — Financial Efficiency: Mission deployment rate scored 13/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.