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Atlantic Health System Inc

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

EIN: 223380375 ✦ Morristown, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Atlantic Health System Inc?

Atlantic Health System Inc, based in Morristown, New Jersey, is a nonprofit organization dedicated to enhancing human health and caring for those who are sick or injured. They accomplish this through their wholly-owned subsidiary, AHS Hospital Corp., by sponsoring and promoting activities that focus on improving health and providing care. The organization processes clinical research trials, which contribute to medical advancements, and offers liability coverage to its subsidiaries and affiliates. With a mission to better human health and healthcare provision, Atlantic Health System Inc plays a significant role in medical research and patient care.


Official website here: www.atlantichealth.org

Is Atlantic Health System Inc legitimate?

Atlantic Health System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlantic Health System 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.atlantichealth.org

What is the mission statement of Atlantic Health System Inc?

Atlantic Health System Inc is committed to improving human health and providing care to the ill or injured. They achieve this goal through their wholly owned subsidiary, AHS Hospital Corp. Atlantic Health System Inc also provides general and professional liability coverage for the Hospital Corp and other subsidiaries, ensuring they can continue their vital work. The organization sponsors and promotes activities aimed at enhancing health services and patient care. This is done through the processing of clinical research trials and the implementation of a self-insurance plan, as well as support from an affiliated entity. Overall, Atlantic Health System Inc's mission is to improve human health and provide care, while also safeguarding its subsidiaries.


Official website here: www.atlantichealth.org

Who is the CEO of Atlantic Health System Inc?

Michael Walter is the President & Ceo of Atlantic Health System Inc. The CEO's salary of Atlantic Health System Inc is $0 and their total compensation is $7,028,324.


Official website here: www.atlantichealth.org

What is the revenue of Atlantic Health System Inc?

Atlantic Health System Inc's revenue in 2022 was $7,573,385.


Official website here: www.atlantichealth.org

Who are the executives of Atlantic Health System Inc and what are their salaries?


Here are 17 key members and their salaries (Atlantic Health System Inc's CEO's salary is $0 and their total compensation is $7,028,324):


Brian Gragnolati (President & Ceo)
  • Compensation: $0
  • Related: $5,942,931
  • Other: $1,085,393
Christopher R Reidy (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samanatha Pozner (Trustee-Ahs)
  • Compensation: $0
  • Related: $50,000
  • Other: $0
Grant Parr Md (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
John F Vigorita Md (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Ann Kelly-Vice Chair (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard W Herbst (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert E Mccracken-Chair (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Finn Wentworth (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Nicholson (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Wilson (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanine Liburd (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Orduna (Trustee-Ahs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Lenahan (Evp-Chief Bus & Strategy O)
  • Compensation: $0
  • Related: $4,617,182
  • Other: $1,431,850
Sheilah O'Halloran (Evp-General Counsel)
  • Compensation: $0
  • Related: $1,394,534
  • Other: $192,682
Katharine Driebe (Vp - Finance)
  • Compensation: $0
  • Related: $700,608
  • Other: $113,483
Michael Walter (Svp-Chief Financial Officer)
  • Compensation: $0
  • Related: $255,292
  • Other: $37,186


Official website here: www.atlantichealth.org

Where can I find the form 990 for Atlantic Health System Inc?

Atlantic Health System Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.atlantichealth.org

Learn more at the official website: www.atlantichealth.org

Mission Statement of Atlantic Health System Inc

Atlantic Health System Inc, as stated in its mission description, is dedicated to enhancing human health and delivering care to the sick and injured. This is achieved through its wholly owned subsidiary, AHS Hospital Corp. The mission of Atlantic Health System Inc extends beyond just providing care; it also involves promoting and sponsoring activities that contribute to the improvement of human health. To ensure the smooth operation of its subsidiary and other associated entities, Atlantic Health System Inc provides them with comprehensive liability coverage through a self-insurance plan and an affiliated entity. This protection is crucial in safeguarding the organization's operations and providing a secure environment for the delivery of healthcare services. In essence, Atlantic Health System Inc is committed to improving health and providing care, while also ensuring its subsidiaries are protected from potential liabilities.

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Impact




October, 2024

Atlantic Health System Inc plays a crucial role in enhancing human health and providing essential care to the sick and injured. Through its subsidiary, AHS Hospital Corp, it engages in clinical research trials that contribute to medical advancements and improved patient outcomes. By collaborating with pharmaceutical companies and universities, the system facilitates the collection of clinical trial receipts, which allows for reimbursement of related expenses and supports ongoing innovative research.

In addition to its research efforts, Atlantic Health System Inc ensures that its Hospital Corp and subsidiaries are protected under a self-insurance plan, providing a safety net that enables them to focus on delivering high-quality healthcare services. Overall, the organization's initiatives in clinical trials, coupled with its commitment to comprehensive care, significantly impact public health in the Morristown, NJ area and beyond, fostering an environment of continuous improvement in medical practice and patient care.




This information is meant to be a general summary of Atlantic Health System 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
$7,573,385 (2022)
Expenses
$6,825,762 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $179,121
  • Program Service Revenue: $5,799,406
  • Gross Receipts: $7,573,385

Assets and Liabilities:

  • Total Assets: $133,364,306
  • Total Liabilities: $29,888,010
  • Net Assets: $103,476,296

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Programs

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

Clinical Rsch Support

Revenue

$5,799,406

Organization Details

Founding Year

1996

Principal Officer

Michael Walter

Main Address

475 SOUTH STREET ACCTG 920, MORRISTOWN, NJ, 07960

NTEE Category

Code: E210 - Health

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