HOLY NAME MEDICAL CENTER INC Charity Report

Public IRS 990 nonprofit record

HOLY NAME MEDICAL CENTER INC

EIN 22-1487322 · Health Care (E220)

What they do

HOLY NAME MEDICAL CENTER, INC. is A COMMUNITY of CAREGIVERS COMMITTED to A MINISTRY of HEALING, EMBRACING THE TRADITION of CATHOLIC PRINCIPLES, THE PURSUIT of PROFESSIONAL EXCELLENCE and CONSCIENTIOUS STEWARDSHIP. WE HELP OUR COMMUNITY ACHIEVE THE HIGHEST ATTAINABLE LEVEL of HEALTH THROUGH PREVENTION, EDUCATION, and TREATMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.10 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 leaders32 people are listed in the latest report.

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

Money made simple

87.33%of revenue went to mission work87.1% of expenses · Program services

$100.22spent for every $100 of revenueSpending was higher than revenue this year.

12.89%of revenue went to management and office costs12.9% of expenses

$0.93in assets for every $1 spent this yearSome assets cannot be spent right away.

2.5%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 $1,313,950 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $2,453,208 for MICHAEL MARON (TRUSTEE - 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$596,467,503

Mission workProgram services$520,891,44687.33% of revenue87.1% of expenses

ManagementOffice and general costs$76,890,00712.89% of revenue12.9% of expenses

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

Total expenses$597,781,453100.22% 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: 87.1% mission · 12.9% management · 0.0% fundraisingTotal expenses: 100.22% of revenue

2023Expense mix: 87.6% mission · 12.4% management · 0.0% fundraisingTotal expenses: 98.60% of revenue

2022Expense mix: 87.7% mission · 12.3% management · 0.0% fundraisingTotal expenses: 104.11% of revenue

2021Expense mix: 87.8% mission · 12.2% management · 0.0% fundraisingTotal expenses: 95.91% of revenue

2020Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 92.13% of revenue

2019Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 95.85% of revenue

2018Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 94.68% of revenue

2017Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 97.01% of revenue

Money in and money out

Revenue$596,467,503

Expenses$597,781,453

Annual shortfall $1,313,950 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)$520,891,446 · 87.1% of expenses

Management and office costs$76,890,007 · 12.9% of expenses

See all reported dollar amounts

Revenue$596,467,503

Expenses$597,781,453

Assets$554,498,202

Income$597,098,782

Contributions$14,843,773

Mission work (program services)$520,891,446

Grants given$23,815,505

Average grant$517,728

Management and general$76,890,007

Executive compensation (total)$7,259,802

Accounting fees$313,121

Investing fees$296,307

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

MICHAEL MARONTRUSTEE - PRESIDENT & CEO · 55 hrs/week $2,453,208Base $2,394,978 · Other $58,230

VASANTHA K KONDAMUDIEVP, CHIEF MEDICAL OFFICER · 55 hrs/week $1,076,725Base $990,620 · Other $86,105

SAIKRISHNAN KANDAMANGALAMEVP, CHIEF INFORMATION OFFICER · 55 hrs/week $1,024,152Base $815,929 · Other $208,223

JONATHAN H LEEMEDICAL DIRECTOR, ONCOLOGY · 55 hrs/week $945,014Base $897,971 · Other $47,043

RYAN KENNEDY CPAEVP/CFO (TERM 8/31/24) · 55 hrs/week $672,982Base $604,106 · Other $68,876

STEVEN L MOSSEREVP, OPERATIONS · 55 hrs/week $610,306Base $548,014 · Other $62,292

MICHELE ACITO DNP RN NE-BCEVP, CHIEF NURSING OFFICER · 55 hrs/week $608,417Base $572,799 · Other $35,618

RAJASEKAR PALANISAMYVP, HEAD OF SOFTWARE DEV · 55 hrs/week $607,352Base $550,668 · Other $56,684

DENNIS W SPARKSVP, HUMAN RESOURCES, CHRO · 55 hrs/week $601,928Base $538,669 · Other $63,259

RON WHITE MDDIRECTOR, RISK (TERM 9/08/24) · 55 hrs/week $556,521Base $516,691 · Other $39,830

NANCY PALAMARAVP, DIAGNOSTICS · 55 hrs/week $539,508Base $495,631 · Other $43,877

MICHAEL SKVARENINAFORMER KEY EMPLOYEE $327,650Base $285,118 · Other $42,532

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 (32)

MICHAEL MARONTRUSTEE - PRESIDENT & CEO

VASANTHA K KONDAMUDIEVP, CHIEF MEDICAL OFFICER

SAIKRISHNAN KANDAMANGALAMEVP, CHIEF INFORMATION OFFICER

JONATHAN H LEEMEDICAL DIRECTOR, ONCOLOGY

RYAN KENNEDY CPAEVP/CFO (TERM 8/31/24)

STEVEN L MOSSEREVP, OPERATIONS

MICHELE ACITO DNP RN NE-BCEVP, CHIEF NURSING OFFICER

RAJASEKAR PALANISAMYVP, HEAD OF SOFTWARE DEV

DENNIS W SPARKSVP, HUMAN RESOURCES, CHRO

RON WHITE MDDIRECTOR, RISK (TERM 9/08/24)

NANCY PALAMARAVP, DIAGNOSTICS

MICHAEL SKVARENINAFORMER KEY EMPLOYEE

SANTO GENCARELLI CPAVP, FINANCE

RANDY TARTACOFF MDTRUSTEE - PRESIDENT MED STAFF

SEAN OROURKEFORMER KEY EMPLOYEE

MAUREEN C DONOHUETRUSTEE

DAVID BUTLER MDTRUSTEE

SISTER ANTOINETTE MOORE CSJPTRUSTEE

SELWYN LEVINE MDTRUSTEE

ANGELICA BERRIETRUSTEE

SISTER SUSAN FRANCOISTRUSTEE

STEPHEN BORGTRUSTEE

DALE A CREAMERTRUSTEE

TED A CARNEVALE CPATREASURER - TRUSTEE

JAMES DOWLINGVICE CHAIRPERSON - TRUSTEE

DANIEL LEBERTRUSTEE

ALEXANDRA GARCIA-WATTSTRUSTEE

MICHAEL R DRESSLER ESQTRUSTEE

MARGARETTE LEE ESQTRUSTEE

JOSEPH A FRASCINO MDTRUSTEE

FERNANDO GARIPCHAIRPERSON - TRUSTEE

JOHN M GERAGHTYSECRETARY - TRUSTEE

About this charity

Recognized since: January 1946
Location: 718 TEANECK RD, TEANECK, NJ 07666-4245
County: Bergen
In care of: % ZAIDA MARTINEZ
Primary officer: Santo Gencarelli, VP OF FINANCE

How to reach them

WebsiteVisit the charity’s website Emailinfo@holyname.org Phone(201) 833-7016

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WITHUMSMITHBROWN PC
NTEE classification: Health Care (E220)
IRS tax category: General Medical and Surgical Hospitals
Grant-giving organization: Yes