2022-11-15T22:02:56-06:00 2021-12-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2021-01-01 223474145 HACKENSACK MERIDIAN HEALTH INC % ROBERT L GLENNING HACK 9086756572 C/O TAX DEPT 399 THORNALL ST 2ND FL EDISON NJ 08837 ROBERT L GLENNING PRES FIN&IT SVCS/CFO 8488884405 2022-11-11 true ROBERT L GLENNING 999009999 OSE JOSEPH -ERAMeh P02534927 2127589700 2022-11-08 3 2021 2022-09-23 18:48:47Z X ROBERT C GARRETT C/O TAX DEPT 399 THORNALL ST 2ND F EDISON NJ 08837 3438215702 false X WWW.HACKENSACKMERIDIANHEALTH.ORG X 1997 NJ THE ORGANIZATION IS COMMITTED TO PROVIDING THE FULL SPECTRUM OF LIFE-ENHANCING CARE AND SERVICES TO CREATE AND SUSTAIN HEALTHY, VIBRANT COMMUNITIES. 23 22 0 0 -1419110 0 0 7801689 70003514 31510796 80133431 517826690 897580 12872405 151034525 570011580 0 0 0 0 7346547 9531879 0 0 0 70349619 76335257 77696166 85867136 73338359 484144444 4474158700 4603504808 3947327818 3557757491 526830882 1045747317 X THE ORGANIZATION IS COMMITTED TO PROVIDING THE FULL SPECTRUM OF LIFE-ENHANCING CARE AND SERVICES TO CREATE AND SUSTAIN HEALTHY, VIBRANT COMMUNITIES. false false 29360181 0 610382 ACO: PROMOTE EVIDENCE-BASED MEDICINE, PATIENT ENGAGEMENT, CARE COORDINATION, AND THE DEVELOPMENT OF AN INFRASTRUCTURE FOR ACCOUNTABLE CARE ORGANIZATION PROVIDERS TO INTERNALLY REPORT ON QUALITY AND COST METRICS. 39678410 0 28523332 HEALTH PARTNERS: PROMOTE A CLINICALLY INTEGRATED NETWORK OF HEALTH CARE PROVIDERS WITH THE GOAL OF IMPROVING HEALTH OUTCOMES, REDUCING HEALTH CARE COSTS, AND ENHANCING PATIENT EXPERIENCE. 2501522 0 2377082 MSSP: THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF HACKENSACK MERIDIAN HEALTH, A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. 13722856 0 12872405 85262969 true false false false false false false false false false true true false false true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false true true true true false false true 3744 0 true 0 true true true BD false false false false false false false false true false X 23 22 false false false false false false false true true false false true true true true true true true true false NJ X ROBERT L GLENNING 8488884405 399 THORNALL ST 2ND FL EDISON NJ 08837 X Robert C Garrett CEO/Trustee 3.0 57.0 X X 0 5223404 339021 Nancy Corcoran-Davidoff EVP Chf Exp T 4/2021 3.0 52.0 X 0 2585571 63901 Mark Stauder Chief Operating Off 3.0 52.0 X 0 2422618 24741 Robert L Glenning Pres Fin/IT Svcs CFO 3.0 52.0 X 0 2365686 38570 Ihor Sawczuk MD Reg Pres Hospitals 3.0 52.0 X 0 2306880 89472 Patrick Young Pres Pop Health 3.0 52.0 X 0 2141532 190769 Audrey C Murphy ESQ EVP Co-Chf Legal Off 3.0 52.0 X 0 1547310 220600 Daniel Varga MD Chief Physician Exec 3.0 52.0 X 0 1545767 39257 Ann B Gavzy Esq EVP Co-Chf Legal Off 3.0 52.0 X 0 1415020 43858 James Blazar EVP Chief Strat Off 3.0 52.0 X 0 1408870 35071 Catherine A Ainora EVP Chief Integr Off 3.0 52.0 X 0 1206538 26861 Andrew L Pecora MD Pres Phys Div T 5/19 0.0 3.0 X 0 1083691 0 Joyce Hendricks Chief Devel Off 3.0 52.0 X 0 801506 33612 Linda McHugh EVP Chief EXP Off 3.0 52.0 X 0 762688 55524 Peter S Reinhart Esq Treasurer 3.0 0.0 X X 0 0 0 Kathleen T Ellis Secretary 3.0 0.0 X X 0 0 0 Keith Banks Vice Chairperson 3.0 6.0 X X 0 0 0 Frank L Fekete CPA Trustee/Chairperson 3.0 27.0 X X 0 0 0 Peter H Wegener Esq Trustee 3.0 0.0 X 0 0 0 Joseph E Nyre PhD Trustee 3.0 0.0 X 0 0 0 Gregg Azcuy Trustee 3.0 0.0 X 0 0 0 Stephen T Boswell PhD Trustee 3.0 0.0 X 0 0 0 Frank DeCongelio Trustee 3.0 0.0 X 0 0 0 Domenic M DiPiero III Trustee 3.0 6.0 X 0 0 0 Leecia R Eve Esq Trustee 3.0 0.0 X 0 0 0 James J Galeota Trustee 3.0 3.0 X 0 0 0 Peter C Gerhard Trustee 3.0 3.0 X 0 0 0 Gail B Gordon Esq Trustee 3.0 6.0 X 0 0 0 Lawrence R Inserra Jr Trustee 3.0 9.0 X 0 0 0 Michael A Kleiman DMD Trustee 3.0 9.0 X 0 0 0 Thomas J Kononowitz Trustee 3.0 3.0 X 0 0 0 John C Meditz Trustee 3.0 9.0 X 0 0 0 Alfred J Schiavetti Jr Trustee 3.0 0.0 X 0 0 0 Nadine Leslie Trustee 3.0 0.0 X 0 0 0 John E Harmon Sr Trustee (APPOINTED 1/20/21) 3.0 0.0 X 0 0 0 Eli Manning Trustee (APPOINTED 7/21/21) 3.0 0.0 X 0 0 0 J Fletcher Creamer Jr Trustee (Termed 9/2021) 3.0 0.0 X 0 0 0 Thomas J Dolan Trustee (Termed 9/2021) 3.0 0.0 X 0 0 0 0 26817081 1201257 0 true true false BLANCHARD TURNER JOINT VENTURE LLC 199 MOUNTAIN AVENUE SPRINGFIELD NJ 07081 CONSTRUCTION 180569193 COMPREHENSIVE PHARMACY SERVICES LL 6409 N QUAIL HOLLOW ROAD MEMPHIS TN 38120 MEDICAL 35989574 MEDICENTRIX LLC 3600 ROUTE 66 3RD FLOOR NEPTUNE NJ 07553 MEDICAL 24098403 PREMIER DIGITAL IMAGING LLC 302 ROUTE 46 EAST FAIRFIELD NJ 07044 TECHNOLOGY 20652295 NTT DATA SERVICES LLC 45 W 36TH STREET 7 NEW YORK NY 10018 IT SERVICES 15575801 644 7801689 7801689 ACCOUNTABLE CARE ORGANIZATION REVENUE 541900 31510796 31510796 31510796 30398333 -1419110 31817443 2028 2028 0 53735 53735 0 0 0 3355576716 2868150387 487426329 487426329 487426329 0 0 0 0 0 0 0 0 0 EXPENSE RECOVERY 523000 12872405 12872405 12872405 570011580 44383201 -1419110 519245800 X 0 0 0 0 0 0 0 9531879 9531879 0 0 14545733 14545733 0 25000 25000 0 0 12476346 12476346 16063756 16063756 3552 3552 0 27900 27900 0 8326186 8326186 15298 15298 0 8117 8117 0 0 680407 680407 579167 579167 CONTRACTUAL EXPENSES 17154091 17154091 0 0 MEDICAL SUPPLIES 5672009 5672009 CORPORATE ALLOCATION 735634 735634 OTHER 22061 22061 85867136 85262969 604167 0 X 1723072 550 652498705 1564242681 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4238328 3981101 292874 257227 1317297053 2323715289 2421264301 575368242 19602902 29719281 0 0 61479793 110201538 4474158700 4603504808 250057828 212528519 0 0 24947 179056 1167484013 1117096482 0 0 0 0 645000 645000 0 0 2529116030 2227308434 3947327818 3557757491 X 510256080 1018141345 16574802 27605972 526830882 1045747317 4474158700 4603504808 X 484144444 -120728307 155500298 X false true X true false X X 23 HMH HOSPITALS CORPORATION 221487576 3 true 0 0 HMH RESIDENTIAL CARE INC 222731440 10 true 0 0 HEALTH INNOVATIONS UNLIMITED INC 222581430 10 true 0 0 JERSEY SHORE UNIVERSITY MEDICAL CENTER FOUNDATION INC 222342452 7 true 0 0 OCEAN MEDICAL CENTER FOUNDATION INC 222361311 7 true 0 0 RIVERVIEW MEDICAL CENTER FOUNDATION INC 222333524 7 true 0 0 HACKENSACK MERIDIAN HEALTH FOUNDATION INC 300107825 7 true 0 0 SOUTHERN OCEAN MEDICAL CENTER FOUNDATION INC 222666099 7 true 0 0 BAYSHORE MEDICAL CENTER FOUNDATION INC 222367109 7 true 0 0 HACKENSACK UNIVERSITY MEDICAL CENTER FOUNDATION INC 222339534 7 true 0 0 PALISADES MEDICAL CENTER FOUNDATION INC 223693169 7 true 0 0 RARITAN BAY HEALTHCARE FOUNDATION INC 222656665 7 true 0 0 HACKENSACK MERIDIAN AMBULATORY VENTURES INC 461227706 10 true 0 0 BERGEN HEALTH MANAGEMENT SYSTEM INC 222989731 2 true 0 0 HARTWYCK AT OAK TREE INC 222666023 10 true 0 0 MUHLENBERG REGIONAL MEDICAL CENTER INC 221487258 10 true 0 0 ROBERT WOOD JOHNSON JR LIFESTYLE INSTITUTE INC 222421433 10 true 0 0 HMH CARRIER CLINIC 221714106 10 true 0 0 CENTER FOR DISCOVERY AND INNOVATION INC 352662866 4 true 0 0 HARTWYCK AT JFK INC 204144804 10 true 0 0 MUHLENBERG FOUNDATION INC 510212678 7 true 0 0 JFK UNIVERSITY MEDICAL CENTER FOUNDATION INC 222315044 7 true 0 0 THE COMMUNITY HOSPITAL GROUP INC 226019101 3 true 0 0 23 0 0 true false false false true false false false false false false false false false false true true true X true true SCHEDULE A, PART I, QUESTION 12G IN ADDITION TO THE FINANCIAL SUPPORT DESCRIBED IN ATTACHMENT 1, HACKENSACK MERIDIAN HEALTH, INC. PROVIDES CENTRALIZED SERVICES SUCH AS: STRATEGIC PLANNING, BOARD GOVERNANCE, FINANCE AND COMPLIANCE AND AUDIT TO EACH OF ITS SUPPORTED ORGANIZATIONS. SCHEDULE A, PART IV, SECTION D, QUESTION 3 By virtue of the relationship outlined in Part IV, Section D, Question #2, the supported organizations have a significant voice in this organization's investment policies and in directing the use of this organization's income or assets since they are all affiliates within Hackensack Meridian Health; a tax-exempt integrated healthcare delivery network. Hackensack Meridian Health, Inc. is the tax-exempt parent entity of Hackensack Meridian Health and, in this role, coordinates, oversees and supports the charitable activities of Hackensack Meridian Health. All organizations, in keeping with the charitable mission of Hackensack Meridian Health and in furthering the continuum of care, work together to provide medically necessary healthcare services to all individuals in a nondiscriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. SCHEDULE A, PART IV, SECTION E, QUESTIONS 3A & 3B IN ACCORDANCE WITH ITS GOVERNING DOCUMENTS AND STATED MISSION AND CHARITABLE PURPOSES, HACKENSACK MERIDIAN HEALTH, INC. HAS THE POWER TO REGULARLY APPOINT OR ELECT THE OFFICERS, DIRECTORS, OR TRUSTEES OF EACH OF ITS SUPPORTED ORGANIZATIONS. HACKENSACK MERIDIAN HEALTH, INC. HAS ALSO EXERCISED A SUBSTANTIAL DEGREE OF DIRECTION OVER THE POLICIES, PROGRAMS AND ACTIVITIES OF EACH OF ITS SUPPORTED ORGANIZATIONS. HACKENSACK MERIDIAN HEALTH, INC. COORDINATES AND SETS THE STRATEGIC PLANS AND GOALS AND FURTHERS THE CHARITABLE PURPOSES AND MISSION OF ALL OF ITS SUPPORTED ORGANIZATIONS THROUGH COMMITTEES OF ITS GOVERNING BODY THAT FUNCTION AS COMMITTEES OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK OF WHICH HACKENSACK MERIDIAN HEALTH, INC. IS THE TAX-EXEMPT PARENT. ADDITIONALLY, THE ORGANIZATION'S GOVERNANCE STRUCTURE, THROUGH ITS BOARD COMMITTEES, PROVIDES DIRECTION AND OVERSIGHT AS IT RELATES TO STRATEGIC PLANNING, BOARD GOVERNANCE, FINANCE COMPLIANCE AND AUDIT. SCHEDULE A, PART IV, SECTION A, QUESTION 5 Effective 7/1/2021, The Community Hospital Group, Inc. (EIN: 22-6019101) merged into HMH Hospitals Corporation (EIN: 22-1487576). The authority to merge two New Jersey nonprofit corporations is set forth in the Nonprofit Corporations Act, NJSA 15A - 1.1 et seq. Approving such a merger was included in the member reserved powers under the governing documents for both The Community Hospital Group, Inc and HMH Hospitals Corporation. Hackensack Meridian Health, Inc., which was the sole member of each of The Community Hospital Group, Inc and HMH Hospitals Corporation, approved the merger by action of its Board, as did the Boards of both The Community Hospital Group, Inc and HMH Hospitals Corporation. The reasons for the merger of The Community Hospital Group, Inc into HMH Hospitals Corporation were several, including standardization, efficiencies and consistency in hospital operations, consistent governance of all HMH hospitals by a single board, standardization in terms of operations and delivery of quality care to our patients, efficiencies and reduction of multiple board meetings, and an alignment in operations and governance among all hospitals in the Network under a single corporate operational structure and board. The action was accomplished by the filing of a certificate of merger and plan of merger with the State of New Jersey - copy attached. 174833 174833 2719862 2659893 59969 1343633 1321208 22425 257227 ALTERNATIVE INVESTMENTS 416120511 F ML CASH 124615087 F BOND PRINCIPAL/INTEREST 34632644 F 575368242 0 TAXABLE BOND LIABILITY 1826409366 DUE TO THIRD PARTY 176350525 LONG TERM RETIREMENT PLAN 113040216 DUE TO RELATED PARTIES 111508327 INTEREST RATE SWAP LIABILITY 0 2227308434 X SCHEDULE D, PART X THE ORGANIZATION IS THE TAX-EXEMPT PARENT ORGANIZATION OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTH CARE DELIVERY NETWORK. PRICEWATERHOUSE COOPERS, L.L.P. AUDITED THE CONSOLIDATED FINANCIAL STATEMENTS OF HACKENSACK MERIDIAN HEALTH, INC. FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020. THE FOLLOWING DISCLOSURE IS INCLUDED IN THE ORGANIZATION'S INCOME TAX FOOTNOTE INCLUDED IN THE SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOOTNOTE OF THE 2021 AUDITED CONSOLIDATED FINANCIAL STATEMENTS THAT REPORTS THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): ALL OF THE NOT-FOR-PROFIT ENTITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS ARE CORPORATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE") AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THESE ENTITIES, EXCEPT FOR THE PHYSICIAN PRACTICES, ARE ALSO EXEMPT FROM STATE INCOME TAXES. PER THE REQUIREMENT TO ASSESS FOR TAX UNCERTAINTY, MANAGEMENT HAS DETERMINED THAT IT DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRED TO BE ACCRUED OR REPORTED. false true false false false false false false false Robert C Garrett FACHE CEO/Trustee 0 2225891 0 1514451 0 1483062 0 317815 0 21206 0 5562425 0 250000 Patrick Young Pres Pop Health 0 929899 0 970906 0 240727 0 163540 0 27229 0 2332301 0 188397 Nancy Corcoran-Davidoff EVP Chf Exp T 4/2021 0 371644 0 325049 0 1888878 0 63901 0 0 0 2649472 0 0 Mark Stauder Chief Operating Off 0 1572472 0 580388 0 269758 0 14500 0 10241 0 2447359 0 0 Robert L Glenning Pres Fin/IT Svcs CFO 0 1286716 0 518865 0 560105 0 14500 0 24070 0 2404256 0 0 Ihor Sawczuk MD Reg Pres Hospitals 0 1566040 0 438289 0 302551 0 68266 0 21206 0 2396352 0 0 Audrey C Murphy ESQ EVP Co-Chf Legal Off 0 843695 0 254929 0 448686 0 194204 0 26396 0 1767910 0 156622 Daniel Varga MD Chief Physician Exec 0 987948 0 323265 0 234554 0 14500 0 24757 0 1585024 0 0 Ann B Gavzy Esq EVP Co-Chf Legal Off 0 811963 0 214459 0 388598 0 23200 0 20658 0 1458878 0 0 James Blazar EVP Chief Strat Off 0 896627 0 287959 0 224284 0 14500 0 20571 0 1443941 0 0 Catherine A Ainora EVP Chief Integr Off 0 769603 0 239478 0 197457 0 14500 0 12361 0 1233399 0 0 Andrew L Pecora MD Pres Phys Div T 5/19 0 0 0 0 0 1083691 0 0 0 0 0 1083691 0 0 Joyce Hendricks Chief Devel Off 0 573783 0 90370 0 137353 0 14500 0 19112 0 835118 0 0 Linda McHugh EVP Chief EXP Off 0 644781 0 100000 0 17907 0 37000 0 18524 0 818212 0 0 SCHEDULE J, PART I; QUESTION 3 PLEASE REFER TO OUR RESPONSE TO CORE FORM, PART VI, QUESTIONS 15A & 15B INCLUDED IN SCHEDULE O. SCHEDULE J, PART I; QUESTION 4B THE AMOUNT REFLECTED IN COLUMN B(III) FOR THE FOLLOWING INDIVIDUALS INCLUDES PARTICIPATION IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") AS THE AMOUNTS WERE NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNTS OUTLINED HEREIN WERE INCLUDED IN EACH INDIVIDUAL'S 2021 FORM W-2 AS TAXABLE WAGES: ROBERT C. GARRETT, FACHE,$1,149,740; ROBERT L. GLENNING,$371,724; ANN B. GAVZY, ESQ., $331,806; AUDREY C. MURPHY, ESQ., MSN, RN, $293,789; IHOR S. SAWCZUK,M.D., $219,981; PATRICK YOUNG, $188,397; JAMES BLAZAR, $145,189; CATHERINE AINORA, $124,404; ANDREW L. PECORA, M.D.,$1,083,691, DANIEL VARGA, MD, $209,284; MARK STAUDER, $250,200; NANCY CORCORAN-DAVIDOFF, $1,857,890; AND JOYCE HENDRICKS, $92,576. THE DEFERRED COMPENSATION AMOUNTS REFLECTED IN COLUMN (C) FOR THE FOLLOWING INDIVIDUALS INCLUDE BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN). THESE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THESE INDIVIDUALS WILL NOT EARN THE RIGHT TO RECEIVE THE DEFERRED COMPENSATION AMOUNTS UNLESS AND UNTIL THEY PROVIDE SUBSTANTIAL FUTURE SERVICES TO THE ORGANIZATION. WHEN THE FUTURE SERVICES REQUIREMENT IS MET, THE AMOUNTS WILL BECOME VESTED, WILL BE TAXED, WILL BE INCLUDED ON THE W-2, AND WILL BE REPORTED AGAIN ON THIS SCHEDULE. AUDREY C. MURPHY, ESQ., MSN, RN, PATRICK YOUNG, AND LINDA MCHUGH. A NJHCFA SERIES 2003A & 2003B 221987084 64579E7X8 2003-02-20 100000000 CONSTRUCT & EQUIP FACILITY false false false B NJHCFA SERIES 2004A-3 221987084 64579FDA8 2004-06-24 14725000 CONSTRUCT & EQUIP FACILITY false false false C NJHCFA SERIES 2006 221987084 64579FHG1 2006-05-18 18390000 REFUND 1993 BOND ISSUE false false false D NJHCFA SERIES 2006 A-3 221987084 64579FJQ7 2006-11-22 5100000 CONSTRUCT & EQUIP FACILITY false false false A 42170000 0 101213687 0 0 0 750750 929350 0 98319899 0 0 2004 false false true true B 6275000 0 16032128 0 0 0 205792 62695 0 15763641 0 0 2007 false false true true C 5030000 0 18390000 0 0 0 365791 65353 0 0 17958856 0 2006 true false true true D 1600000 0 5207649 0 0 0 56802 21731 0 5129116 0 0 2007 false false true true A false true true true false 0 0.00040 0.00040 false false false true B false false false false 0 false false false true C 0 D false false false false 0 false false false true A true true false 0 false 0 false true B true true 0 false 0 false true C false true true false 0 false 0 false true D true true false 0 false 0 true true A true B true C true D true SCHEDULE K, PART I, COLUMN (E) FOR THE BONDS ISSUED ON 2/20/2003, 6/24/2004, 11/22/2006, 12/21/2011, 5/8/2013, 11/22/2006, AND 4/20/2017 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS IS DUE TO INVESTMENT EARNINGS. THE BOND ISSUED ON 2/20/2003 WAS ISSUED AS TWO SUB-SERIES BONDS, SERIES 2003A FOR $60,000,000 AND SERIES 2003B FOR $40,000,000. THE 2003B ISSUE WAS RETIRED. SCHEDULE K, PART I, COLUMN (F) PROCEEDS FOR THE BOND ISSUED ON 5/18/2006 WERE USED TO REFUND THE FOLLOWING NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY REVENUE BOND ISSUE: - SOUTHERN OCEAN COUNTY HOSPITAL ISSUE, SERIES 2006A, DATED MAY 1, 1993 PROCEEDS FOR THE BOND ISSUED ON 12/21/2011 WERE USED TO REFUND THE FOLLOWING NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY REVENUE BOND ISSUES: - SOUTHERN OCEAN COUNTY HOSPITAL ISSUE, SERIES 1997, DATED NOVEMBER 15, 1997 - MERIDIAN HEALTH SYSTEM OBLIGATED GROUP ISSUE, SERIES 1999, DATED JULY 1, 1999 - SOUTHERN OCEAN COUNTY HOSPITAL ISSUE, SERIES 2001, DATED JULY 1, 2001 PROCEEDS FOR THE BOND ISSUED ON 5/1/2013 WERE USED TO REFUND THE FOLLOWING NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY REVENUE BOND ISSUE: - BAYSHORE COMMUNITY HOSPITAL ISSUE, SERIES 2002, DATED JANUARY 15, 2002 PROCEEDS FOR THE BOND ISSUED ON 3/16/2016 WERE USED TO REFUND THE FOLLOWING NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY REVENUE BOND ISSUES: - MERIDIAN HEALTH SYSTEM OBLIGATED GROUP ISSUE, SERIES 2012A, DATED OCTOBER 2, 2012 - MERIDIAN HEALTH SYSTEM OBLIGATED GROUP ISSUE, SERIES 2012B, DATED OCTOBER 2, 2012 - MERIDIAN HEALTH SYSTEM OBLIGATED GROUP ISSUE, SERIES 2012C, DATED OCTOBER 2, 2012 PROCEEDS FOR THE BOND ISSUED ON 4/20/2017 WERE USED TO REFUND THE FOLLOWING NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY REVENUE BOND ISSUES: - MERIDIAN HEALTH SYSTEM OBLIGATED GROUP ISSUE, SERIES 2007, DATED DECEMBER 13, 2007 - HACKENSACK UNIVERSITY MEDICAL CENTER ISSUE, SERIES 2008, DATED APRIL 10, 2008 - HACKENSACK UNIVERSITY MEDICAL CENTER ISSUE, SERIES 2010, DATED AUGUST 26, 2010 - HACKENSACK UNIVERISTY MEDICAL CENTER ISSUE, SERIES 2010B, DATED OCTOBER 26, 2010 - PALISADES MEDICAL CENTER OBLIGATED GROUP ISSUE, SERIES 2013, DATED JULY 2, 2013. PROCEEDS FOR THE BOND ISSUED 5/1/2019 WERE USED FOR THE REIMBURSEMENT OF PRIOR CAPITAL ASSET EXPENDITURES. SCHEDULE K, PART III THE BONDS ISSUED ON 5/18/2006, 12/21/2011, AND 5/8/2013 REFUNDED PRE-2003 BONDS THEREFORE, PART III FOR THESE BOND ISSUES IS NOT APPLICABLE. SCHEDULE K, PART IV, LINE 2C THE COMPUTATION FOR THE BOND ISSUED ON 5/18/2006 WAS COMPUTED ON JUNE 30, 2020. THE COMPUTATION FOR THE BOND ISSUED ON 11/22/2006 WAS COMPUTED ON JULY 1, 2021. THE COMPUTATION FOR THE BOND ISSUED ON 12/21/2011 WAS COMPUTED ON DECEMBER 21, 2021. THE COMPUTATION FOR THE BOND ISSUED ON 5/8/2013 WAS COMPUTED ON MAY 8, 2019. THE COMPUTATION FOR THE BOND ISSUED ON 8/12/2015 WAS COMPUTED ON AUGUST 11, 2017.THE COMPUTATION FOR THE BOND ISSUED ON 3/16/2016 WAS COMPUTED ON MAY 28, 2020. A NJHCFA SERIES 2011 221987084 64579FW25 2011-12-21 215633457 REFUND PRE-2003 BONDS false false false B NJHCFA SERIES 2013A 221987084 64579F3H4 2013-05-08 33451469 REFUND 2002 BOND ISSUE false false false C NJHCFA SERIES 2015A 221987084 000000000 2015-11-02 130000000 CONSTRUCT & EQUIP FACILITY false false false D NJHCFA SERIES 2016A 221987084 000000000 2016-03-16 129602500 REFUND 2012 BOND ISSUE false false false A 121390000 0 215645153 0 0 0 1402562 0 0 0 214242591 0 2011 true false true true B 9235000 0 33452081 0 0 0 435471 0 0 0 33016610 0 2013 true false true true C 26360997 0 130000000 0 0 0 0 0 0 130000000 0 0 2015 false false true true D 11448000 0 129602500 0 0 0 0 0 0 0 129602500 0 2016 true false true true A 0 B 0 C false true true true false 0 false false false true D false false false false 0 0.00280 0.00280 false false false true A false false false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true true false 0 false 0 false true A true B true C true D true A NJHCFA SERIES 2017A 221987084 645790KM7 2017-04-20 647774568 REFINANCE EXISTING BONDS, CONSTRUC false false false B NJHCFA SERIES 2015A 221987084 000000000 2015-08-12 84000000 CONST & EQUIP FACILITY false false false C NJHCFA SERIES 2006A-4 & A-5 221987084 64579FJS3 2006-11-22 32570000 CONST & EQUIP FACILITY false false false D NJHCFA SERIES 2019 CAP ASSET PROG LOAN 221987084 000000000 2019-05-01 27000000 Tax-Exempt Loan from Pre-1985 Bond false false true A 30230000 0 648555018 0 0 0 3730288 0 0 100000000 544824730 0 2018 true true true true B 16856897 0 84000000 0 0 0 325733 0 0 0 83674267 0 2018 false false true true C 12825000 0 33763970 0 0 0 488504 78950 0 31717192 1479325 0 2008 false false true true D 9642571 0 27000000 0 0 0 0 0 0 0 27000000 0 2019 false false true true A false false true true false 0 0.01410 0.01410 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D 0 A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false false true false 0 false 0 true true D false true true false 0 false 0 true A true B true C true D true CORE FORM, PART III; LINE 4D PROVIDING 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. CORE FORM, PART VI, SECTION B; QUESTION 11B _____________________________________________ Hackensack Meridian Health, Inc. ("HMH") is the parent organization of a tax-exempt integrated healthcare delivery network. HMH's finance personnel prepared the federal Form 990. HMH retained a firm of independent certified public accountants with experience and expertise in healthcare and not-for-profit tax return preparation to review and file the Form 990. HMH's board of trustees designated the Audit and Compliance Committee ("ACC") to review the Form 990. The form 990 was provided to the members of the ACC for review. The Form 990 was also provided to each voting member of HMH's governing body, its board of trustees, prior to filing with the Internal Revenue Service. CORE FORM, PART VI, SECTION A; QUESTION 12C THE ORGANIZATION, HACKENSACK MERIDIAN HEALTH, INC., IS THE TAX-EXEMPT PARENT OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK ("NETWORK"). HACKENSACK MERIDIAN HEALTH, INC. HAS ADOPTED A NETWORK-WIDE CONFLICT OF INTEREST POLICY WHICH IS APPLICABLE TO ALL OF ITS SUBSIDIARY ORGANIZATIONS. THE ORGANIZATIONS REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH THE NETWORK'S CONFLICT OF INTEREST POLICY. ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES OF EACH ORGANIZATION ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE WITH RESPECT TO ANY APPLICABLE TRANSACTIONS AND RELATIONSHIPS. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE NETWORK'S CHIEF COMPLIANCE OFFICER FOR REVIEW. THE CHIEF COMPLIANCE OFFICER THEN PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES AND PRESENTS THE SUMMARY TO THE NETWORK'S GOVERNANCE AND BOARD DEVELOPMENT COMMITTEE FOR ITS REVIEW, DISCUSSION AND ACTION (IF NEEDED). ANY TRUSTEE, OFFICER OR KEY EMPLOYEE WITH A DISCLOSED CONFLICT WOULD RECUSE THEMSELVES FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS OF A TRANSACTION IN QUESTION. DURING THE YEAR, THE CHIEF COMPLIANCE OFFICER, IN CONJUNCTION WITH THE GENERAL COUNSEL, ALSO MONITORS ON-GOING TRANSACTIONS IN LIGHT OF THE SUMMARY TO ENSURE THAT ANY POTENTIAL CONFLICTS OF INTEREST ARE APPROPRIATELY HANDLED IN COMPLIANCE WITH THE POLICY. CORE FORM, PART VI, SECTION B; QUESTIONS 15A & 15B This organization is the tax-exempt parent of a tax-exempt integrated healthcare delivery network ("network"). The Executive and Physician Compensation Committee ("Committee") of this organization is responsible for reviewing the executive compensation of the CHIEF EXECUTIVE OFFICER and SPECIFIED key employees (senior management) of this network. The Committee has adopted a written executive compensation philosophy, which it follows when it reviews and approves compensation and benefits. The executive compensation philosophy recognizes the size and complexity of the health care network and the critical need to have and retain executives that consistently demonstrate superior levels of performance so that the health network can fulfill its charitable mission and strategic objectives. The Committee reviews the "total compensation", including both current and deferred compensation and all employee benefits, both qualified and non-qualified, on at least an annual basis to ensure that the "total compensation" of the chief executive officer(s), other officers and each senior management key employee is reasonable. To assist with the review, the Committee engages the services of a nationally recognized independent consulting firm specializing in executive compensation for not-for-profit health care organizations, and receives national and regional market data for comparable organizations, a report summarizing such data, and an opinion letter relating to the reasonableness of each executive's total compensation and benefits. Additionally, a senior member of the consulting firm attends the committee's meetings to provide information and to respond to questions by the members of the committee. The independent committee utilizes the outside market data comparability and, based upon the executive compensation philosophy, the organization's performance, business judgment considerations, and the individual's performance, reviews and approves compensation for each individual. Guided at each meeting by outside counsel to the committee, the comprehensive review process utilized by the committee is intentionally structured to qualify for the rebuttable presumption under Section 4958 of the Internal Revenue Code of 1986: 1. The compensation arrangement is approved in advance by the Committee, which is an "authorized body" of the organization composed entirely of individuals who do not have a conflict of interest within the meaning of the IRS regulations under Section 4958; 2. The Committee obtains and relies upon "appropriate data as to comparability" (for comparable positions at similar healthcare organizations) prior to making its determination, which comparability data is provided and analyzed by the committee's independent consulting firm with expertise in the area of not-for-profit health care executive compensation; and 3. The Committee thoroughly documents its review and approval process, as well as the basis for its approvals, concurrently with making that determination, again as described in the IRS regulations. As appropriate, the committee supplements the comparability data with other objective factors designed to ensure the reasonableness of the compensation paid, including an analysis of individual goals and objectives, organizational performance, personnel reviews, evaluations, self-evaluations, and any written offers from competing organizations. The compensation arrangements approved by the Committee are reported in executive session to the full board by the chair and vice chair of the Committee. CORE FORM, PART VI, SECTION C; QUESTION 19 The organization's filed Certificate of Incorporation and any amendments can be obtained and reviewed through the State of New Jersey Department of the Treasury. In addition, the organization makes available to the public via its website, www.hackensackmeridianhealth.org, its code of conduct and conflict of interest policy. Financial statements are availabale publicy at https://www.hackensackmeridianhealth.org/about/financial-statements/ CORE FORM, PART VII AND SCHEDULE J Part VII and Schedule J reflect officers and board members receiving compensation and benefits from a related tax-exempt organization. Please note this remuneration was for services rendered as full-time employees of the related organization and not for services rendered as an officer or voting member of this organization's Board of Trustees. CORE FORM, PART X Hackensack Meridian Health reviewed its reporting for certain line items related to cash, investments, and tax exempt and taxable bonds reported on the balance sheet. Through this exercise, it was determined that some line items needed to be adjusted to better align with the nature of the accounts. HMH has reclassed the beginning of year balances as well so the year over year comparison is equivalent. This change is reflected on Form 990, Part X for 2021. CORE FORM, PART X; LINE 20 In accordance with the organization's audited financial statements, the tax-exempt bond values were reported on the books of Hackensack Meridian Health, Inc., the parent organization of this tax-exempt integrated healthcare delivery network. As such, the tax-exempt bonds are reported on Schedule K of this Form 990. CORE FORM, PART XI; LINE 9 Other changes in net assets or fund balance include: - HMH Program Service Revenue Reclass - $9,436,233 - Net transfer to affiliates - $157,147,153 - Unrealized Pension Assets - $49,433,883 - Loss of Termination on SWAP - ($60,516,971) FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:2099921 FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL FEES TOTAL FEES:13871808 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:92027 MERIDIAN ACCOUNTABLE CARE ORGANIZATION 343 Thornall Street EDISON NJ 08837 455440607 HEALTH SVCS. NJ 0 0 HMH HACKENSACK PHYS-HOSP ALLIANCE ACO LLC 30 PROSPECT AVENUE HACKENSACK NJ 07601 453067377 HEALTH SVCS. 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NJ 501(C)(3) 10 HMH true MERIDIAN MEDICAL GROUP-FACULTY PRACTICE 343 THORNALL STREET EDISON NJ 08837 061755230 HEALTH SVCS. NJ 501(C)(3) 10 HMH true MERIDIAN MEDICAL ASSOCIATES PC 343 THORNALL STREET EDISON NJ 08837 061755233 HEALTH SVCS. NJ 501(C)(3) 10 HMH true HMH MEDICAL GROUP-PRIMARY CARE PC 343 THORNALL STREET EDISON NJ 08837 141981653 HEALTH SVCS. NJ 501(C)(3) 10 HMH true MERIDIAN MEDICAL GROUP-SPECIALTY CAREPC 343 THORNALL STREET EDISON NJ 08837 141981647 HEALTH SVCS. NJ 501(C)(3) 10 HMH true HACKENSACK MERIDIAN SCHOOL OF MEDICINE 340 KINGSLAND STREET NUTLEY NJ 07110 813872529 HEALTH SVCS. 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IS RELATED TO SEVERAL ADDITIONAL TAX-EXEMPT ORGANIZATIONS NOT SHOWN IN PART II AS THOSE ORGANIZATIONS ARE PART OF THE GROUP EXEMPTION IN WHICH HACKENSACK MERIDIAN HEALTH, INC. IS THE CENTRAL ORGANIZATION. SCHEDULE R, PART V THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK. HMH HOSPITALS CORPORATION ROUTINELY PAYS EXPENSES FOR VARIOUS AFFILIATES WITHIN THE NETWORK IN THE ORDINARY COURSE OF BUSINESS. THESE RELATED PARTY TRANSACTIONS ARE RECORDED ON THE REVENUE/EXPENSE AND BALANCE SHEET STATEMENTS OF THIS ORGANIZATION AND ITS AFFILIATES. THESE ENTITIES WORK TOGETHER TO DELIVER HIGH QUALITY HEALTHCARE AND WELLNESS SERVICES TO THE COMMUNITIES IN WHICH THEY ARE SITUATED.