RWJBarnabas Health
Legal name: Rwj Barnabas Health Inc - Subordinates
Nonprofit profile at a glance
- EIN
- 851296795
- IRS 990 coverage
- 2020–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024
- Location
- Oceanport, NJ, USA
- Phone
- 9733224032
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $7,777,256,607
- Expenses
- $7,328,308,325
- Assets
- $9,708,652,084
- Liabilities
- $4,740,749,970
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
291 people listed
Executive titles in this filing
- Mark E Manigan (Trst - CBMC-rwjbh pres./ceo)
- Gary S Horan (trst-trmc; frmr pres/ceo trmc)
- Michael Prilutsky (Trustee - President/CEO - JCMC)
- Richard L Davis (President/CEO - CBMC)
- Darrell Terry (President/CEO - NBIMC)
- Alan Lee (Trustee - President - RWJUH)
Highest reported compensation
- Thomas A Biga (TRST-CMMC/JCMC-RWJBH EVP): $13,421,339 total reported compensation
- Mark E Manigan (Trst - CBMC-rwjbh pres./ceo): $8,864,611 total reported compensation
- Gary S Horan (trst-trmc; frmr pres/ceo trmc): $4,288,182 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. 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 2024
Expenses incurred in providing inpatient, outpatient, emergency and various other medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay and in furtherance of charitable tax-exempt purposes. Please refer to the community benefit statement in schedule o.
Operating model
- Revenue model
- Earned-program. 97% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - 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 the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 64
- Accountability: 91
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.8%; rating input score 85
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: $2,436.81 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 25th 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: 6.8%; rating input score 7; 6th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 83.9%; rating input score 84; 31st 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: 5.8%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.32; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 85; 85th percentile among comparable filings
Growth
- Program expense growth: 8.8% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 9.5% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 42nd percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site
- Where the money goes: 84.8% of revenue deployed · 90% of spending went to programs
- Governance: 203 of 242 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.6B in reported program spending
- Leadership: top reported pay $13.4M · 291 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1B reported
- Consistency: 39 of 40 current checks pass · 1 finding to review
- Schedules: 13 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 79 filed money-flow records
- Related organizations: 141 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.
- High — Transparency & Controls: Grant itemization coverage scored 7/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.