St. Joseph's Health
Legal name: St Joseph's Health System Subordinate Group Return
Nonprofit profile at a glance
- EIN
- 271344467
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Paterson, NJ, United States
- Phone
- 973-754-2000
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,078,024,153
- Expenses
- $1,076,199,998
- Assets
- $1,084,870,887
- Liabilities
- $698,040,276
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
85 people listed
Executive titles in this filing
- DUSTIN RICCIO MD (PRESIDENT/CEO)
- KEVIN J SLAVIN (PRESIDENT/CEO (THRU 3/31/24))
Highest reported compensation
- KEVIN J SLAVIN (PRESIDENT/CEO (THRU 3/31/24)): $1,980,792 total reported compensation
- BLEDI ZAKU (MEDICAL DOCTOR): $1,909,720 total reported compensation
- DUSTIN RICCIO MD (PRESIDENT/CEO): $1,703,353 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
St. Joseph’s Health is dedicated to improving the health of the people and diverse communities we serve; since our founding in 1867, our faith-based mission has remained steadfast—to help our community achieve the highest level of physical, mental, and spiritual health. Joseph’s Health is a recognized leader in the diagnosis and treatment of all types of cancer. From innovative therapies and advanced diagnostics to minimally invasive surgery and the latest in radiation therapy, we offer cutting edge medical technology, proven treatments and exceptional support services – all in a comfortable setting close to home. Our dedication to providing the highest quality medical care has earned us various awards and recognitions, including accreditation by the American College of Surgeon’s Commission on Cancer. This means that St. Joseph’s Health adheres to the highest standards for cancer...
What it reported doing in 2024
Acute care medical services: st. Joseph's university medical center (sjumc) provides comprehensive acute care services in paterson, New Jersey, st. Joseph's university medical center d/b/a st. Joseph's wayne medical center (sjwmc) in wayne, New Jersey, and ambulatory care services at multiple free-standing ambulatory sites. See schedule o.
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 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 76
- Accountability: 85
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.7%; rating input score 90
- Program expense ratio: 91.2%; rating input score 91
- Fundraising efficiency: $11.2 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- 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: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75.4%; rating input score 75; 25th 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: 0.2%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 29th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 89.7% of revenue deployed · 91.2% of spending went to programs
- Governance: 43 of 57 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $981.6M in reported program spending
- Leadership: top reported pay $2M · 85 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $54M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 14 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 38 filed money-flow records
- Related organizations: 10 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.