FOUNDATION FOR MORRISTOWN MEDICAL CENTER Charity Report

Public IRS 990 nonprofit record

FOUNDATION FOR MORRISTOWN MEDICAL CENTER

EIN 22-3392808 · Health Care (E122)

What they do

to Inspire Community Philanthropy to Advance Exceptional Health Care for Patients At Morristown Medical Center. The Objective is to Use Philanthropy to Preserve and Expand The Medical Centers Programs and Services In Patient Care, Clinical Research, Medical and Public Health Education, and Preventive Medicine.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.10 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 leaders41 people are listed in the latest report.

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

Money made simple

53.20%of revenue went to mission work79.1% of expenses · Program services

8.30%of revenue went to fundraising12.3% of expenses

$67.24spent for every $100 of revenueRevenue covered expenses this year.

5.74%of revenue went to management and office costs8.5% of expenses

$8.15in assets for every $1 spent this yearSome assets cannot be spent right away.

78.9%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.

Pay context: The highest compensation shown in this filing is $461,142 for KEVIN LENAHAN (EVP-CHIEF BUSINESS & STRAT). 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$41,654,876

Mission workProgram services$22,159,50753.20% of revenue79.1% of expenses

ManagementOffice and general costs$2,390,1135.74% of revenue8.5% of expenses

FundraisingAsking for donations$3,457,8238.30% of revenue12.3% of expenses

Revenue left after expensesReported annual surplus$13,647,43332.76% of revenueShown in gray on the chart

Total expenses$28,007,44367.24% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 79.1% mission · 8.5% management · 12.3% fundraisingTotal expenses: 67.24% of revenue

2023Expense mix: 74.4% mission · 11.1% management · 14.5% fundraisingTotal expenses: 74.46% of revenue

2022Expense mix: 70.0% mission · 10.4% management · 19.6% fundraisingTotal expenses: 41.17% of revenue

2021Expense mix: 61.6% mission · 13.6% management · 24.8% fundraisingTotal expenses: 37.23% of revenue

2020Expense mix: 63.8% mission · 12.4% management · 23.9% fundraisingTotal expenses: 45.96% of revenue

2019Expense mix: 61.3% mission · 14.6% management · 24.0% fundraisingTotal expenses: 46.21% of revenue

2018Expense mix: 66.7% mission · 12.4% management · 20.9% fundraisingTotal expenses: 62.45% of revenue

2017Expense mix: 63.2% mission · 2.6% management · 34.1% fundraisingTotal expenses: 38.12% of revenue

Money in and money out

Revenue$41,654,876

Expenses$28,007,443

Annual surplus $13,647,433 Revenue was higher than expenses 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)$22,159,507 · 79.1% of expenses

Management and office costs$2,390,113 · 8.5% of expenses

Fundraising$3,457,823 · 12.3% of expenses

See all reported dollar amounts

Revenue$41,654,876

Expenses$28,007,443

Assets$228,398,929

Income$49,979,229

Contributions$32,854,113

Mission work (program services)$22,159,507

Fundraising$3,457,823

Grants given$64,371,084

Average grant$9,195,869

Management and general$2,390,113

Stocks and bonds$82,344,100

Accounting fees$24,000

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

KEVIN LENAHANEVP-CHIEF BUSINESS & STRAT · 2 hrs/week $461,142Base · Other $461,142

PATRICIA OKEEFESVP, CNE/PRES. MMC · 2 hrs/week $282,358Base · Other $282,358

MICHAEL WALTERSVP-CHIEF FINANCIAL OFFICE · 2 hrs/week $257,152Base · Other $257,152

ERIC WHITMAN MDTRUSTEE · 2 hrs/week $52,405Base · Other $52,405

BRANDEE FETHERMANTRUSTEE · 2 hrs/week $49,839Base · Other $49,839

CHRISTOPHER ZIPP MDTRUSTEE · 2 hrs/week $43,088Base · Other $43,088

CYNTHIA W ODONNELLDIRECTOR OF GIFT PLANNING · 55 hrs/week $40,383Base · Other $40,383

JENNIFER SMITHCHIEF DEVELOPMENT OFFIER · 55 hrs/week $34,101Base · Other $34,101

ROBERT COYNETRUSTEE · 2 hrs/week $33,784Base · Other $33,784

BRENDA MATTI-OROZCO MD FACPTRUSTEE · 2 hrs/week $31,544Base · Other $31,544

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 (41)

KEVIN LENAHANEVP-CHIEF BUSINESS & STRAT

PATRICIA OKEEFESVP, CNE/PRES. MMC

MICHAEL WALTERSVP-CHIEF FINANCIAL OFFICE

ERIC WHITMAN MDTRUSTEE

BRANDEE FETHERMANTRUSTEE

CHRISTOPHER ZIPP MDTRUSTEE

CYNTHIA W ODONNELLDIRECTOR OF GIFT PLANNING

JENNIFER SMITHCHIEF DEVELOPMENT OFFIER

ROBERT COYNETRUSTEE

BRENDA MATTI-OROZCO MD FACPTRUSTEE

PAUL CAINTRUSTEE

WILLIAM D BRUEN JRTRUSTEE

LORI INGBER PHDTRUSTEE-SECRETARY

MARC ADEETRUSTEE-VICE CHAIRMAN

MARY COURTEMANCHETRUSTEE

MEGHAN LYONTRUSTEE

MONIQUE NELSONTRUSTEE

WALTER LEWIS MDTRUSTEE

RICHARD P GORYEBTRUSTEE

KATHLEEN ROSSTRUSTEE

ROBERT TAFARO - CHAIRMANTRUSTEE

SHAWN BRENNANTRUSTEE

SRINIVAS V MADDALITRUSTEE

THOMAS P MAC MAHONTRUSTEE

GLENN YARNISTRUSTEE

ANTHONY A LOMBARDOTRUSTEE

CARL GOLDBERGTRUSTEE

CHIRAG PATELTRUSTEE

CHRISTINE GILFILLANTRUSTEE

CHRISTOPHER RICCOBONOTRUSTEE

DALE SCOLNICKTRUSTEE

DEBORAH HANSONTRUSTEE

EUGENE HUANGTRUSTEE

KELLY STURMANTRUSTEE

HARVEY GERHARD MDTRUSTEE

J PETER SIMONTRUSTEE

JOHN JACK BURKE IIITRUSTEE

JULIET PATSALOS-FOXTRUSTEE

ANDREW ROOKE JRTRUSTEE

KATHY CHRISTIETRUSTEE

KELLY FRANKTRUSTEE-TREASURER

About this charity

Recognized since: January 1995
Location: 475 SOUTH ST, MORRISTOWN, NJ 07960-6459
County: Morris
In care of: % JAMES F QUINN
Primary officer: Michael Walter, SVP, CFO

How to reach them

WebsiteVisit the charity’s website Emailf4mmc@atlantichealth.org Phone(973) 593-2400

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ERNST & YOUNG US LLP
NTEE classification: Health Care (E122)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes