NonprofitsVirtua Our Lady Of Lourdes Hospital Inc

Health Care

Virtua Our Lady Of Lourdes Hospital Inc

MARLTON, NJ

Total revenue

$558.1M

Total expenses

$550.8M

Net assets

$191.0M

Grants received

$1.9M

9 grants

EIN

210635001

Tax year

2024

Mission

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

Programs

3 programs

Medical education - virtua our lady of lourdes hospital is one of the region's leading healthcare providers, recognized nationally for excellence in clinical care and service to the community. Our intern and resident education programs help develop and train leaders in medicine. Virtua's residency programs (obstetrics and gynecology, family medicine, pharmacy, and podiatry) and fellowship (cardiology) are dedicated to provide rewarding experiences.

Expenses: $23.3M

Charity care - under the guidance of its community based board of trustees and the support of the physicians on its open medical staff, virtua our lady of lourdes hospital 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 our lady of lourdes hospital 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 2023 to be approximately $12.0 million.

Expenses: $12.7M

Benefit operations:expense of $2,118,961revenue of $562,934subsidized health services: provide several outpatient services to meet community need.expense of $1,335,625revenue of $519,814research: preformed oncology clinical research studies.expense of $237,478revenue of $5,133financial and in-kind contributions: provided contributions to non-profit communities and healthcare organizations throughout camden and gloucester counties. Also provided meeting spaces to organizations and medical supplies to families in need.expense of $159,368revenue of $905community building activities: held events throughout the year to feed and provide presents to many families in need.expense of $289,116revenue of $172,309providing functional patient services for the hospitalsexpense of $328,309,817revenue of $469,358,464

Expenses: $332.5M

Financials

FY 2024

Revenue

Contributions & grants$2.8M
Program service revenue$550.8M
Investment income$117K
Other revenue$4.4M
Total revenue$558.1M

Expenses

Grants paid
Salaries & benefits$187.2M
Fundraising
Other expenses$363.6M
Total expenses$550.8M
Total assets$335.5M
Net assets$191.0M

People

16 listed

NameRoleCompensation

LISA C FERRARO START 21224

TRUSTEE - LOURDES HOSPITAL PRESIDENT

Board

$526K

36.4 hrs/wk

MARK P NESSEL END 2324

TRUSTEE - SVP & COO - VOORHEES & MARLTON HOSPITAL

Board

$49K

3.8 hrs/wk

MICHAEL DRISCOLL

TRUSTEE - LEAD PHYSICIAN

Board

0.1 hrs/wk

CHUN W CHOI

TRUSTEE - VP CLINICAL OPERATIONS

Board

0.1 hrs/wk

THOMAS FANELLE

CHAIR

Board

0.1 hrs/wk

REGINALD J BLABER END 123124

TRUSTEE - EVP/CCO

Board

0.1 hrs/wk

ALAN POPE

VP CMO - LOURDES HOSPITAL

Staff

$578K

40 hrs/wk

CHRISTINE DENISE PALMS

SVP TERTIARY SERVICES & PLANNING

Staff

$353K

36.2 hrs/wk

KAREN MAGARELLI END 41224

VP CNO - LOURDES HOSPITAL

Staff

$320K

11.3 hrs/wk

LANNAE EWING

VP CARDIAC OPERATIONS

Staff

$283K

40 hrs/wk

MARK PETRACCI

PERFUSIONIST SUPERVISOR

Staff

$280K

40 hrs/wk

MARY A MCCORMICK

VP CNO - LOURDES HOSPITAL

Staff

$184K

29.7 hrs/wk

LAUREN ROWINSKI

SECRETARY - SVP & CHIEF LEGAL OFFICER

Staff

0

DENNIS W PULLIN

PRESIDENT/CEO

Staff

0

ROBERT M SEGIN

EVP/CFO

Staff

0

JOHN M MATSINGER

EVP/COO

Staff

0

Grants received

Showing 9 of 9

FromAmountPurposeYear
$362K
PURCHASE UPGRADES TO MEDICAL EQUIPMENT TO ENHANCE PATIENT CARE.
2024
$330K
PURCHASE UPGRADES TO MEDICAL EQUIPMENT TO ENHANCE PATIENT CARE.
2023
$779K
PURCHASE UPGRADES TO MEDICAL EQUIPMENT AND TO ENHANCE PATIENT CARE.
2022
$55K
UNRESTIRCTED
2022
$308K
TO SUPPORT THE PROGRAMS OF HOSPITAL.
2020

Funded by

$1.9M from 4 funders · 9 grants · 2017–2024

Virtua Health Foundation Inc

$1.5M · 3 grants · 2022–2024

Carl R Fravel Memorial Trust

$55K · 1 grant · 2022

Details

EIN210635001
NTEE codeE220
Subsection03
Ruling date1946-03
Formed1950
Employees2524
Volunteers31
VIRTUA OUR LADY OF LOURDES HOSPITAL INC — Mission, Financials & Grants Received | Grantivo