PRINCETON HEALTHCARE SYSTEM A NEW JERSEY NONPROFIT CORPORATION Charity Report

Public IRS 990 nonprofit record

PRINCETON HEALTHCARE SYSTEM A NEW JERSEY NONPROFIT CORPORATION

EIN 21-0635009 · Health Care (E220)

What they do

THE MISSION of PRINCETON HEALTHCARE SYSTEM is to PROVIDE EXCEPTIONAL, COMPASSIONATE CARE to ENHANCE THE HEALTH and WELLNESS of OUR PATIENTS, THEIR FAMILIES, and OUR COMMUNITY. PRINCETON HEALTHCARE SYSTEM PROVIDES INPATIENT and OUTPATIENT CARE, COMMUNITY HEALTH EDUCATION, MEDICAL EDUCATION, and ALSO PROMOTES MEDICAL and SCIENTIFIC RESEARCH WHEN APPROPRIATE. IT is INTEGRAL to THE MISSION of PRINCETON HEALTHCARE SYSTEM to CONTINUALLY IMPROVE QUALITY of SERVICE to OUR PATIENTS and COMMUNITY and to PROVIDE APPROPRIATE HEALTHCARE to ALL. PLEASE REFER to THE ORGANIZATIONS COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O for ADDITIONAL INFORMATION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

92.04%of revenue went to mission work91.8% of expenses · Program services

$100.27spent for every $100 of revenueSpending was higher than revenue this year.

8.23%of revenue went to management and office costs8.2% of expenses

$1.37in assets for every $1 spent this yearSome assets cannot be spent right away.

0.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,702,720 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $952,926 for JAMES G DEMETRIADES (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$638,314,433

Mission workProgram services$587,505,84092.04% of revenue91.8% of expenses

ManagementOffice and general costs$52,511,3138.23% of revenue8.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$640,017,153100.27% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.8% mission · 8.2% management · 0.0% fundraisingTotal expenses: 100.27% of revenue

2023Expense mix: 91.9% mission · 8.1% management · 0.0% fundraisingTotal expenses: 101.62% of revenue

2022Expense mix: 92.2% mission · 7.8% management · 0.0% fundraisingTotal expenses: 98.31% of revenue

2021Expense mix: 92.0% mission · 8.0% management · 0.0% fundraisingTotal expenses: 96.50% of revenue

2020Expense mix: 91.7% mission · 8.3% management · 0.0% fundraisingTotal expenses: 98.28% of revenue

2019Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 98.63% of revenue

2018Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 94.93% of revenue

2017Expense mix: 91.5% mission · 8.5% management · 0.0% fundraisingTotal expenses: 96.07% of revenue

Money in and money out

Revenue$638,314,433

Expenses$640,017,153

Annual shortfall $1,702,720 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$587,505,840 · 91.8% of expenses

Management and office costs$52,511,313 · 8.2% of expenses

See all reported dollar amounts

Revenue$638,314,433

Expenses$640,017,153

Assets$874,920,531

Income$638,314,433

Contributions$2,771,687

Mission work (program services)$587,505,840

Management and general$52,511,313

Executive compensation (total)$4,425,325

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JAMES G DEMETRIADESPRESIDENT & CEO · 47 hrs/week $952,926Base $855,051 · Other $97,875

CRAIG GRONCZEWSKI MDSENIOR VP MEDICAL AFFAIRS · 55 hrs/week $528,106Base $512,462 · Other $15,644

GUILHERME VALLADARES MBASVP & CFO - ASST. TREAS. · 49 hrs/week $520,203Base $489,159 · Other $31,044

PAUL ORTIZVP BUS SVC LINE DEV-UNTIL 3/25 · 55 hrs/week $492,308Base $442,263 · Other $50,045

YISRAEL KRAUSVP PHYSICIAN ALIGNMENT · 55 hrs/week $459,004Base $443,583 · Other $15,421

JONATHAN WOOVP MEDICAL AFFAIRS CMO · 55 hrs/week $424,153Base $388,131 · Other $36,022

HYONA REVERESENIOR VP DEVELOPMENT · 1 hrs/week $383,463Base $369,375 · Other $14,088

KEVIN B MAHONEYCEO - UPHS · 1 hrs/week $374,377Base · Other $374,377

KARYN BOOKVP PATIENT SVS & CNO · 55 hrs/week $370,793Base $370,761 · Other $32

MARGUERITE PEDLEYSENIOR VICE PRESIDENT PHBH · 55 hrs/week $365,986Base $356,457 · Other $9,529

PETER THOMASVP, OUTPATIENT ADMINISTRATION · 55 hrs/week $291,016Base $280,402 · Other $10,614

CAROL NORRIS-SMITHVP PR - MARKETING - UNTIL 3/25 · 55 hrs/week $290,460Base $262,815 · Other $27,645

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

JAMES G DEMETRIADESPRESIDENT & CEO

CRAIG GRONCZEWSKI MDSENIOR VP MEDICAL AFFAIRS

GUILHERME VALLADARES MBASVP & CFO - ASST. TREAS.

PAUL ORTIZVP BUS SVC LINE DEV-UNTIL 3/25

YISRAEL KRAUSVP PHYSICIAN ALIGNMENT

JONATHAN WOOVP MEDICAL AFFAIRS CMO

HYONA REVERESENIOR VP DEVELOPMENT

KEVIN B MAHONEYCEO - UPHS

KARYN BOOKVP PATIENT SVS & CNO

MARGUERITE PEDLEYSENIOR VICE PRESIDENT PHBH

PETER THOMASVP, OUTPATIENT ADMINISTRATION

CAROL NORRIS-SMITHVP PR - MARKETING - UNTIL 3/25

CHING-YI LIUVP, FINANCE

DONNA REGERINTERNIST

EDWARD HENRYDIRECTOR OF COMMUNICATIONS

STEPHANIE D TIEKUNURSE MANAGER

KARI MASTRODIRECTOR OF PRACTICE

AMY REIGNERCHIEF HR OFFICER

ROBERT VONDERHEIDE MDTRUSTEE

ROSEMARIE COSTAGLIOLADIR. OF CORPORATE GOVERNANCE

REINALDINE FLEURYFORMER CHRO & VP HUMAN RESOUR.

DEBORAH CASARELLAFORMER ASSOC. CHIEF INFO. OFF.

ALINE M HOLMES DNP MSN RNTRUSTEE

HEATHER M VAN RAALTE MDTRUSTEE

WILLIAM G HYNICKTRUSTEE

W THOMAS GUTOWSKI MDTRUSTEE

TARA OAKMAN PHDTRUSTEES

SAMIT HIRAWAT MDTRUSTEE

PHILIP CARCHMANTRUSTEE, SECRETARY

DONALD HOFMANNEX-OFFICIO TRUSTEE

MYRON M GELLMANTRUSTEE, VICE CHAIRMAN

MICHAEL MARDYTRUSTEE - TREASURER

LORI FELDSTEINTRUSTEE

LEONARD GROSSMAN MDTRUSTEE - UNTIL 3/25

KIM PIMLEYEX-OFFICIO TRUSTEE

ANTHONY KUCZINSKITRUSTEE - CHAIRMAN

ALEXANDER WOLFSON MDTRUSTEE - UNTIL 3/25

CALVIN L BUTTS JRTRUSTEE

ELLIOT A KRAUSS MDTRUSTEES

About this charity

Recognized since: January 1937
Location: 1 PLAINSBORO RD, PLAINSBORO, NJ 08536-1913
County: Middlesex
In care of: % GUILHERME VALLADARES MBA
Primary officer: GUILHERME VALLADARES MBA, SR VP & CFO

How to reach them

WebsiteVisit the charity’s website Phone(609) 853-7107

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PWC US TAX LLP
NTEE classification: Health Care (E220)
IRS tax category: General Medical and Surgical Hospitals