New Jersey · Nonprofit
Hackensack Meridian Health Inc-Subordinates
Hackensack Meridian Health Inc-Subordinates (New Jersey) receives grants from 5 organizations whose IRS filings report $2,430,254 to it, the largest being NEW JERSEY HEALTH FOUNDATION INC ($2,190,254). 2 of them have funded it in more than one year.
- Revenue FY2024
- $8.8B
- Funders on record
- 5
- Grants received
- $2.4M
- Net assets
- $5.9B
What Hackensack Meridian Health Inc-Subordinates does
Mission
The organizations are committed to providing the full spectrum of life-enhancing care and services to create and sustain healthy, vibrant communities. Please refer to schedule h, part vi, question 5 for the organization's community benefit statement.
As stated on its FY2024 Form 990.
Programs
Acute care: expenses incurred in providing medically necessary acute care services, including inpatient cardiac, pediatrics and rehabilitation services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay. During 2024, there were 160,998 cases resulting in 838,753 patient days.
$1,205,699,292 spentof which $77,728,384 as grants$1,746,995,955 earned by the program16% of program spendingPharmaceuticals: expenses incurred in providing medically necessary pharmaceutical services and pharmaceuticals, including chemotherapy drugs, to all individuals regardless of race, color, creed, sex, national origin or ability to pay.
$1,002,612,064 spentof which $64,635,864 as grants$855,354,885 earned by the program13% of program spendingOperating room: expenses incurred in providing medically necessary operating room services, including plastic surgery, trauma, pediatric and ambulatory surgery, to all individuals regardless of race, color, creed, sex, national origin or ability to pay. During 2024, the organization registered 113,195 surgical operations.
$467,353,636 spentof which $30,129,107 as grants$527,073,849 earned by the program6% of program spendingProviding various other medically necessary healthcare services, such as emergency department, obstetrics & newborns, chemotherapy, oncology, behavioral health, etc., to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay.
$4,787,610,625 spentof which $308,645,151 as grants$4,958,936,879 earned by the program64% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $7,463,275,617.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $3.5B to $7.2B (+105%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 0% · 2018 1% · 2019 1% · 2020 10% · 2021 4% · 2022 3% · 2023 2% · 2024 2%. Grants only. Government contracts and fees sit inside program revenue.
3% of Hackensack Meridian Health Inc-Subordinates’s revenue is contributions — more donation-reliant than the typical peer (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Robert C Garrett
CEO/Trustee
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2020 and FY2021 filings.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $110k → $400k.
Left out of every figure on this page: $61k from 2 payers (the payer shares this organization's board, largest Kaiser Foundation Health Plan of Washington). These are real filings, and they are not money Hackensack Meridian Health Inc-Subordinates raised.
From the IRS filings of Hackensack Meridian Health Inc-Subordinates’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Hackensack Meridian Health Inc-Subordinates leans on a few funders — its largest provides 90% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Hackensack Meridian Health Inc-Subordinates.
Largest funder’s share by year: 2019 100% · 2022 100% · 2023 96% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
91% of Hackensack Meridian Health Inc-Subordinates's grant income comes from New Jersey funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Hackensack Meridian Health Inc-Subordinates has grown faster than three-quarters of the 2,075 health nonprofits its size.
this organization peer median middle 50% of peers· 2,075 health nonprofits over $100M, FY2024
Organizations like Hackensack Meridian Health Inc-Subordinates
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Jersey
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
64%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 2 states
Part of a family of 43 related entities
- Hackensack Physician Alliance LLC · disregarded
- 20 Prospect Avenue Holdings LLC · disregarded
- Kingsland Street Urban Renewal LLC · disregarded
- Hackensack Meridian Ltach LLC · disregarded
- Palisades Medical Associates LLC · exempt
Screen this organization
A dated, signed PDF of the compliance screen for Hackensack Meridian Health Inc-Subordinates: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Hackensack Meridian Health Inc-Subordinates?
- Hackensack Meridian Health Inc-Subordinates (New Jersey) receives grants from 5 organizations whose IRS filings report $2,430,254 to it, the largest being NEW JERSEY HEALTH FOUNDATION INC ($2,190,254). 2 of them have funded it in more than one year.
- How many funders does Hackensack Meridian Health Inc-Subordinates have?
- IRS filings report 5 organizations giving $2,430,254 in grants to Hackensack Meridian Health Inc-Subordinates, 2 of which have funded it in more than one year.
- Who is the largest funder of Hackensack Meridian Health Inc-Subordinates?
- NEW JERSEY HEALTH FOUNDATION INC is the largest funder on record, with $2,190,254 in grants. The full list of funders is on this page.
- How can an organization like Hackensack Meridian Health Inc-Subordinates find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Jersey. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing