The Cooper Health System - a New Jersey Non-profit Corporation Group

Nonprofit profile at a glance

EIN
822771391
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Camden, NJ, USA
Phone
8563422000
Rating
55
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$12,500,224
Expenses
$8,389,771
Assets
$120,737,982
Liabilities
$38,796,396

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • KEVIN O'DOWD JD (TRUS/OFF(CO-PRES/CEO CHS))
  • ANTHONY MAZZARELLI MDJDMBE (TRUS/OFF(CO-PRES/CEO CHS))

Highest reported compensation

  • KEVIN O'DOWD JD (TRUS/OFF(CO-PRES/CEO CHS)): $3,398,140 total reported compensation
  • ANTHONY MAZZARELLI MDJDMBE (TRUS/OFF(CO-PRES/CEO CHS)): $3,297,579 total reported compensation
  • BRIAN REILLY (TRUSTEE/OFFICER (CFO-CHS)): $1,835,235 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule ocooper health system is an integrated health care delivery system serving the southern New Jersey region. Cooper health system's mission is to serve, to heal, to educate. Cooper accomplishes its mission through innovative and effective systems to care, and by bringing people and resources together, creating value for our patients and the community. Cooper's vision is to be the premier health care provider in the region, driven by its exceptional people delivering a world class patient experience, one patient at a time, and through its commitment to educating the providers of the future. These subordinates support the charitable purposes, programs and services of cooper.

What it reported doing in 2024

The program service accomplishments of the subordinate organizations includes supporting the charitable purposes, programs and services of the central organization cooper health system. The cooper health system group return is comprised of three organizations: cooper medical services, cooper health system worker's compensation trust and cooper cancer center. Cooper medical services owns and manages a medical office building on the campus of cooper health system. (continued in schedule o)cooper health system worker's compensation trust provides workers compensation insurance coverage to employees of the cooper health system.cooper cancer center ground leases real property in camden, nj to md anderson cancer center.

Operating model

Revenue model
Earned-program. 73% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 60
  • Accountability: 32
  • Sustainability: 77
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.9%; rating input score 62
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 32.9%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 14.39; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 10.4%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -37.6% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: -41.4% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -34.3% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 61.9% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.4M in reported program spending
  • Leadership: top reported pay $3.4M · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 54 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.