Virtua Health

Legal name: Virtua Willingboro Hospital Inc

Nonprofit profile at a glance

EIN
223612265
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2020
Location
Marlton, NJ, USA
Phone
8563550620
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$159,334,175
Expenses
$146,759,685
Assets
$96,034,002
Liabilities
$61,864,786

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

Leadership & pay

15 people listed

Executive titles in this filing

  • DENNIS W PULLIN END 73123 (PRESIDENT/CEO)

Highest reported compensation

  • DENNIS W PULLIN END 73123 (PRESIDENT/CEO): $3,320,959 total reported compensation
  • JOHN M MATSINGER (EVP/COO): $1,754,395 total reported compensation
  • ROBERT M SEGIN END 73123 (TREASURER - EVP/CFO): $1,406,709 total reported compensation

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

Overview

Mission

At Virtua Health, our mission is to help you be well, get well, and stay well. This starts with providing the highest quality care as your partner in good health. A grandfather and his grandson embrace outside while playing basketball Get to Know Virtua Health. Segin currently serves as chief financial officer of Virtua. Segin’s other responsibilities include mergers and acquisitions, physician joint ventures and other business partnerships, planning and development, managed care, support services, construction management, supply chain, internal audit, and corporate compliance. Prior to his promotion to chief financial officer at Virtua, Segin served for 5 years as chief financial officer for West Jersey Health System. He also served as a supervisor at the CPA firm of Pannell Kerr Forster. Segin received a Bachelor of Science in accounting from Pennsylvania State University...

What it reported doing in 2024

Charity care - under the guidance of its community based board of trustees and the support of the physicians on its open medical staff, virtua willingboro hospital provides medically necessary services to individuals irrespective of their ability to pay. Programs are in place to identify and provide financial assistance to those in need. Some patients will qualify for charity care assistance under state of New Jersey defined eligibility criteria. Virtua willingboro hospital augments the state's program with its own assistance program for which the criteria is less restrictive than that of the state program, providing assistance to individuals earning up to 500% of the federal poverty guidelines. Management estimates the total cost of charity care provided during 2024 to be approximately $3.9 million.

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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 64
  • Accountability: 44
  • Sustainability: 50
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.1%; rating input score 79
  • Program expense ratio: 85.9%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: 20%; rating input score 20; 9th 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: 7.9%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.65; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -0.3% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 9th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 11th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site
  • Where the money goes: 79.1% of revenue deployed · 85.9% of spending went to programs
  • Governance: 1 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $126M in reported program spending
  • Leadership: top reported pay $3.3M · 15 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 52 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: Pay-setting controls scored 0/100.
  • High — Accountability: Independent voting board scored 20/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.