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Centrastate Medical Center Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 221750190 ✦ Freehold, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Centrastate Medical Center Inc?

Centrastate Medical Center Inc, located at 901 West Main Street in Freehold, New Jersey, is a prominent nonprofit organization dedicated to improving community health through compassionate and high-quality healthcare delivery. With a staff of over 2,300 employees, the organization provides a range of medically necessary services, including inpatient, outpatient, and emergency care to individuals in a non-discriminatory manner, regardless of race, color, creed, sex, national origin, or ability to pay. The mission of Centrastate Medical Center is to enhance the health and well-being of the communities it serves, focusing on the compassionate delivery of quality healthcare. For more details on their community benefit initiatives, please refer to the organization's statement included in Schedule O.


Official website here: www.centrastate.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star rating)

Centrastate Medical Center Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. With a score of 96% in the Accountability & Finance category, the organization demonstrates effective governance practices, including a predominantly independent board and robust oversight mechanisms. Their financial statements are regularly audited, ensuring transparency and responsible stewardship of resources.

The organization excels in various areas, such as maintaining a high program expense ratio of 90%, indicating that a significant portion of their funding is directed toward their programs and services. They have also established comprehensive policies related to conflicts of interest, whistleblower protections, and document retention, further reinforcing their commitment to ethical operations and accountability to stakeholders.

Despite the positive assessment, it is essential for potential donors and supporters to remain informed about any evolving challenges or areas for improvement that may arise in the future. Overall, Centrastate Medical Center Inc stands out for its strong financial health and governance practices, making it a trustworthy choice for those looking to support a healthcare-related nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Centrastate Medical Center Inc legitimate?

Centrastate Medical Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centrastate Medical Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $6,640,048
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,838,445

For more financial information, click here


Official website here: www.centrastate.com

What is the mission statement of Centrastate Medical Center Inc?

Centrastate Medical Center Inc strives to improve the health and well-being of communities by delivering quality healthcare with compassion. This mission is carried out through the provision of a range of healthcare services to individuals, regardless of race, color, creed, sex, national origin, or ability to pay. The organization's activities are geared towards enhancing community health and welfare in a non-discriminatory manner, aligning with its charitable tax-exempt purposes. Centrastate Medical Center's priorities include inpatient, outpatient, emergency, and other medically necessary healthcare services, ensuring equitable access to healthcare for all.


Official website here: www.centrastate.com

Who is the CEO of Centrastate Medical Center Inc?

Thomas W Scott is the Trustee - Pres/Ceo (Eff. 4/9) of Centrastate Medical Center Inc. The CEO's salary of Centrastate Medical Center Inc is $899,967 and their total compensation is $928,129.


Official website here: www.centrastate.com

What is the revenue of Centrastate Medical Center Inc?

Centrastate Medical Center Inc's revenue in 2022 was $353,792,707.


Official website here: www.centrastate.com

Who are the executives of Centrastate Medical Center Inc and what are their salaries?

The average compensation at Centrastate Medical Center Inc during 2022 was $55,361. There are 2393 employees and 117 volunteers at Centrastate Medical Center Inc.


Here are 36 key members and their salaries (Centrastate Medical Center Inc's CEO's salary is $899,967 and their total compensation is $928,129):


Thomas W Scott (Trustee - Pres/Ceo (Eff. 4/9))
  • Compensation: $1,104,034
  • Related: $0
  • Other: $120,823
John T Gribbin (Trustee-Pres/Ceo(Retired 4/8))
  • Compensation: $899,967
  • Related: $0
  • Other: $28,162
David A De Simone Esq (Svp Transform/Clo(Term 10/14))
  • Compensation: $747,263
  • Related: $0
  • Other: $80,083
John A Dellocono (Svp/Cfo)
  • Compensation: $619,526
  • Related: $0
  • Other: $40,505
James J Matera Md (Svp/Medical Director)
  • Compensation: $579,740
  • Related: $0
  • Other: $77,711
Cathleen G Janzekovich (Vp, Patient Services)
  • Compensation: $394,098
  • Related: $0
  • Other: $57,283
Amit S Kharod Md (Trustee)
  • Compensation: $31,000
  • Related: $397,143
  • Other: $21,321
Moustafa Shafey Md (Medical Dir. - Mental Hlth)
  • Compensation: $373,965
  • Related: $0
  • Other: $29,440
Deborah Rommel-Connors Mba (Vp Revenue Cycle)
  • Compensation: $334,854
  • Related: $0
  • Other: $64,088
James Richvalsky (Vp, Physician Practice Mgmt)
  • Compensation: $348,376
  • Related: $0
  • Other: $37,704
Karen B Freeman Msa (Vp Quality & Patient Safety)
  • Compensation: $342,484
  • Related: $0
  • Other: $29,334
Howard A Stein Md (Physician)
  • Compensation: $333,463
  • Related: $0
  • Other: $24,535
Nancy Barone (Cshcf Vp Of Development)
  • Compensation: $297,219
  • Related: $0
  • Other: $34,629
Vincent L D'Elia (Vp Mrkting Public/Govt Rel.)
  • Compensation: $289,583
  • Related: $0
  • Other: $24,275
Danielle Vanwert (Vp Clinical Services)
  • Compensation: $281,962
  • Related: $0
  • Other: $26,813
Kimberly H Simers (Avp Integrative Health)
  • Compensation: $268,466
  • Related: $0
  • Other: $30,312
Laura L Schilare (Vp Finance)
  • Compensation: $273,400
  • Related: $0
  • Other: $20,643
John P Detullio Md (Trustee)
  • Compensation: $0
  • Related: $289,974
  • Other: $0
Kenneth Eng Do (Trustee)
  • Compensation: $50,000
  • Related: $223,850
  • Other: $5,340
Frances Keane (Vp Hr (Termed 4/29))
  • Compensation: $187,524
  • Related: $0
  • Other: $15,893
Ashish Awasthi Md Facc (Trustee)
  • Compensation: $20,000
  • Related: $0
  • Other: $0
John M Cantalupo Esq (Chair - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth J Reilly Cws (Vice Chair - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nadia K Batchelor (Secretary/Treasurer - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John F Eggert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Gordon Dds (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Gragnolati (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen M Lawrence (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter G Licata Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Mcmorrow (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard K Norkus (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William A Schories (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Sheris Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Taft (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Wilson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maher Youssef Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.centrastate.com

Where can I find the form 990 for Centrastate Medical Center Inc?

Centrastate Medical Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.centrastate.com

Learn more at the official website: www.centrastate.com

Mission Statement of Centrastate Medical Center Inc

Centrastate Medical Center Inc, a mission-driven organization, strives to enhance the health and well-being of communities through the compassionate delivery of quality healthcare. By providing inpatient, outpatient, emergency, and various other medically necessary healthcare services to individuals in a non-discriminatory manner, regardless of race, color, creed, sex, national origin, or ability to pay, Centrastate Medical Center contributes to charitable tax-exempt purposes. The organization is dedicated to delivering healthcare in a caring and compassionate way, ensuring that everyone has access to the essential medical services they require. Centrastate Medical Center's commitment to quality healthcare and community well-being sets it apart as a vital resource for improving the lives of those it serves.

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Impact




October, 2024

Centrastate Medical Center Inc plays a vital role in enhancing the health and well-being of the communities it serves. The organization provides a wide range of healthcare services, including inpatient, outpatient, and emergency care. By ensuring access to necessary medical services for all individuals, it supports inclusivity and equitable healthcare regardless of race, color, creed, sex, national origin, or ability to pay.

The compassionate delivery of quality healthcare underpins Centrastate's mission, allowing the community to receive the care needed for their well-being. This impact extends beyond individual patients, as the center fosters a healthier community overall. Through its focus on medically necessary services, Centrastate Medical Center not only addresses immediate health concerns but also contributes to the long-term health outcomes of the population it serves in Freehold, NJ and surrounding areas.




This information is meant to be a general summary of Centrastate Medical Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$353,792,707 (2022)
Expenses
$379,581,592 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,304,094
  • Program Service Revenue: $319,198,497
  • Gross Receipts: $355,261,553

Assets and Liabilities:

  • Total Assets: $400,044,996
  • Total Liabilities: $167,447,921
  • Net Assets: $232,597,075

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NET PATIENT SERVICE REVENUE

Revenue

$307,776,553

OTHER HEALTHCARE RELATED REVENUE

Revenue

$11,421,944

Organization Details

Founding Year

1964

Principal Officer

Thomas W Scott

Main Address

901 WEST MAIN STREET, FREEHOLD, NJ, 07728

NTEE Category

Code: E220 - Health

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