NonprofitsVirtua-Memorial Hospital Burlington County Inc

Health Care

Virtua-Memorial Hospital Burlington County Inc

MARLTON, NJ

Total revenue

$507.8M

Total expenses

$403.6M

Net assets

$1.1B

Grants received

$3.8M

4 grants

EIN

210634562

Tax year

2024

Mission

Our mission is to help the community to be well, get well and stay well.

Programs

3 programs

Early intervention program - virtua memorial hospital offers the early intervention program to help parents understand their child's development and to assist them on reaching their fullest potential. The early intervention team of trained specialists can evaluate and provide services to the child at home or in a childcare facility. This team is comprised of behavioral therapists, physical therapists, occupational therapists, speech therapists, teachers of the deaf, teachers of the handicapped, social workers, interpreters, and special education teachers.

Expenses: $9.1M

Charity care - under the guidance of its community based board of trustees and the support of the physicians on its open medical staff, virtua-memorial provides medically necessary services to individuals irrespective of their ability to pay. Programs are in place to identify and provide financial assistance to those in need. Some patients will qualify for charity care assistance under state of new jersey defined eligibility criteria. Virtua-memorial augments the state's program with its own assistance program for which the criteria is less restrictive than that of the state program, providing assistance to individuals earning up to 500% of the federal poverty guidelines. Management estimates the total cost of charity care provided during 2024 to be approximately $7.5 million.

Expenses: $8.1M

Additional community benefit, such as: medical education and continuing education of medical professionals: expense of $3,605,419 revenue of $1,461,928 community health improvement services and community benefit operations: expense of $4,401,967 revenue of $2,053,523 community building activities: held events throughout the year to feed and provide presents to many families in need: expense of $252,915 revenue of $129,598 financial and in-kind contributions: provided contributions to non-profit communities and organizations and medical supplies to families in need: expense of $182,405 revenue of $1,036 research: performed oncology clinical research studies: expense of $178,336 revenue of $3,854subsidized health services: provde several outpatient services to emet community needexpense of $7,518,347revenue of $7,518,346 providing functional patient services for the hospital: expenses of $241,119,648revenue of $403,945,990

Expenses: $257.3M

Financials

FY 2024

Revenue

Contributions & grants$7.6M
Program service revenue$445.6M
Investment income$26.5M
Other revenue$28.1M
Total revenue$507.8M

Expenses

Grants paid
Salaries & benefits$167.8M
Fundraising
Other expenses$235.8M
Total expenses$403.6M
Total assets$1.2B
Net assets$1.1B

People

15 listed

NameRoleCompensation

JOHN M MATSINGER

EVP/COO

Board

0.1 hrs/wk

JOHN J KIRBY

SVP & COO - MHBC & VWH HOSPITAL

Board

29.4 hrs/wk

DR ROY ALAN SHUBERT

TRUSTEE

Board

0.1 hrs/wk

DR NAVNEET KAUR

TRUSTEE (START 6/19/24 END 10/16/24)

Board

0.1 hrs/wk

ANTHONY S CHIGOUNIS

CHAIR

Board

0.1 hrs/wk

DANA SUPE

VP CMO - MHBC & VWH HOSPITAL

Staff

$485K

40 hrs/wk

LEO S LOZANO

REGISTERED NURSE

Staff

$303K

40 hrs/wk

SHANNON S STILLWELL

VP CNO - MHBC & VWH HOSPITAL

Staff

$296K

40 hrs/wk

PAMELA A GALLUS

AVP - PATIENT CARE SERVICES

Staff

$249K

40 hrs/wk

CHRISTINE FAHY

REGISTERED NURSE

Staff

$245K

40 hrs/wk

TODD KARETSKY

VP FINANCE

Staff

$239K

40 hrs/wk

ROBERT M SEGIN

TREASURER - EVP/CFO

Staff

0

LAUREN ROWINSKI

SECRETARY-SVP & CHIEF LEGAL OFFICER

Staff

0

LISA C FERRARO

SVP & COO - LOURDES HOSPITAL

Staff

0

DENNIS W PULLIN

PRESIDENT/CEO

Staff

0

Grants received

Showing 4 of 4

FromAmountPurposeYear
$496K
PURCHASE UPGRADES TO MEDICAL EQUIPMENT TO ENHANCE PATIENT CARE.
2024
$922K
PURCHASE UPGRADES TO MEDICAL EQUIPMENT TO ENHANCE PATIENT CARE.
2023
$1.7M
PURCHASE UPGRADES TO MEDICAL EQUIPMENT AND TO ENHANCE PATIENT CARE.
2022
$694K
PURCHASE UPGRADES TO MEDICAL EQUIPMENT AND TO ENHANCE PATIENT CARE.
2020

Funded by

$3.8M from 1 funder · 4 grants · 2020–2024

Virtua Health Foundation Inc

$3.8M · 4 grants · 2020–2024

Details

EIN210634562
NTEE codeE220
Subsection03
Ruling date1940-02
Formed1880
Employees2361
Volunteers283
VIRTUA-MEMORIAL HOSPITAL BURLINGTON COUNTY INC — Mission, Financials & Grants Received | Grantivo