Nonprofit · EIN 21-0660835
SHORE MEMORIAL HOSPITAL
Tax-exempt · SOMERS POINT, NJ 08244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $267,733,748 | $225,727,927 | $42,005,821 | $370,087,922 | $70,046,640 | $300,041,282 |
| December 31, 2023 | 990 | $242,052,527 | $214,391,243 | $27,661,284 | $330,786,303 | $57,168,858 | $273,617,445 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,580,430
- of which government grants
- $637,581
- Program service revenue
- $259,533,219
- Investment income
- $3,829,237
- Net rental income
- $889,309
- Net gain from sales of assets
- $3,829,237
- Net income from gaming
- $10,130
- Other revenue
- $1,790,862
Expenses
- Grants and similar amounts paid
- $168,858
- Compensation of officers, directors and key employees
- $5,526,279
- Other salaries and wages
- $73,400,762
- Salaries, compensation and benefits (total)
- $95,986,621
- Professional fundraising fees
- $0
- Legal fees
- $1,039,143
- Accounting fees
- $389,000
- Occupancy
- $3,494,840
- Travel
- $11,530
- Depreciation
- $8,367,291
- Program services (functional)
- $187,266,775
- Management and general (functional)
- $37,669,066
- Fundraising (functional)
- $792,086
Balance sheet and other
- Total assets, start of year
- $330,786,303
- Total assets, end of year
- $370,087,922
- Total liabilities, end of year
- $70,046,640
- Net assets, end of year
- $300,041,282
- Land, buildings and equipment
- $109,593,592
- Net assets without donor restrictions
- $296,253,957
- Net assets with donor restrictions
- $3,787,325
- Gross receipts
- $268,008,155
- Employees
- 1,461
- Volunteers
- 90
- Year formed
- 1942
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ronald W Johnson | Trustee - CEO (TERM 12/24) Trustee or director, Officer | 55 | $2,029,654 | $100,471 |
| David R Hughes | Trustee - Pres/CEO (EFF 12/24) Trustee or director, Officer | 55 | $932,516 | $104,832 |
| Jeanne M Rowe MD | Chief Medical Officer Officer | 55 | $808,580 | $53,537 |
| Frederick L Banner | Chief Information Officer Key employee | 55 | $404,379 | $59,763 |
| Daniel Jacoby MD | Hospitalist Highest-paid employee | 55 | $357,711 | $29,822 |
| Stephen Capecci DO | Hospitalist Highest-paid employee | 55 | $309,557 | $27,914 |
| Jill Shultz | CNO (EFF 2/24) Key employee | 55 | $262,791 | $68,837 |
| Vince Azzarello | VP of Human Res. (Eff 1/2/24) Key employee | 55 | $232,213 | $66,553 |
| Robert L Wood | Director of Finance Highest-paid employee | 55 | $255,316 | $34,652 |
| Tihomir Gueorguiev | RN, Critical Care Highest-paid employee | 55 | $218,873 | $37,716 |
| Matthew Piskun | VP Amb & Surg Svcs. (Eff 5/24) Key employee | 55 | $247,046 | $2,034 |
| Robert Robertson | Admin Director Logistics Highest-paid employee | 55 | $217,220 | $27,598 |
| Alan L Beatty | Former Key Employee Former | 55 | $190,758 | $0 |
| HOLLY BADALI | CNO (TERM 2/24) Key employee | 55 | $148,604 | $4,469 |
| David Beyel | Chair - Trustee Trustee or director, Officer | 1 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Edward Kuehnle | Vice Chair - Trustee Trustee or director, Officer | 1 | $0 |
| R Scott Halliday | SECRETARY/ASST TREAS - TRUSTEE Trustee or director, Officer | 1 | $0 |
| Ronald B Stablini CPA MBA | Treas/Asst Secretary - Trustee Trustee or director, Officer | 1 | $0 |
| Robert C Allen | Trustee Trustee or director | 1 | $0 |
| Michael Bray | Trustee Trustee or director | 1 | $0 |
| Robert J Bray DDS MS | Trustee Trustee or director | 1 | $0 |
| Auggie Cipollini | Trustee Trustee or director | 1 | $0 |
| Patricia Q Connolly | Trustee Trustee or director | 1 | $0 |
| John Dabek | Trustee Trustee or director | 1 | $0 |
| Ken Koreyva | Trustee Trustee or director | 1 | $0 |
| Francis Lamb CPA | Trustee Trustee or director | 1 | $0 |
| Christopher Lucasti DO | Trustee; Ex-Officio Trustee or director | 1 | $0 |
| Barbara Ridge | Trustee Trustee or director | 1 | $0 |
| Judith L Roman | Trustee Trustee or director | 1 | $0 |
| Mukesh Roy MD | Trustee Trustee or director | 1 | $0 |
| Angelo Sparagna III MD | Trustee Trustee or director | 1 | $0 |
| Carmine J Taglialatella JWC | Trustee Trustee or director | 1 | $0 |
| Richard L Traa | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RONALD W JOHNSON | TRUSTEE - CEO Trustee or director, Officer | 55 | $1,427,567 | $93,794 |
| DAVID R HUGHES | PRRESIDENT/CFO Officer | 55 | $1,313,397 | $96,644 |
| JEANNE M ROWE MD | CHIEF MEDICAL OFFICER Officer | 55 | $664,386 | $96,785 |
| FREDERICK L BANNER | CHIEF INFORMATION OFFICER Key employee | 55 | $406,631 | $53,131 |
| HOLLY BADALI | CHIEF NURSING OFFICER Key employee | 55 | $375,726 | $63,224 |
| ALAN L BEATTY | VP HUMAN RESOURCES Key employee | 55 | $419,504 | $18,602 |
| ROBIN KEYACK | VP AMBULATORY & SURGICAL SVCS Key employee | 55 | $371,484 | $31,260 |
| DANIEL JACOBY MD | HOSPITALIST Highest-paid employee | 55 | $356,500 | $22,089 |
| STEPHEN CAPECCI DO | HOSPITALIST Highest-paid employee | 55 | $317,532 | $23,295 |
| ROBERT L WOOD | DIRECTOR OF FINANCE Highest-paid employee | 55 | $244,185 | $33,942 |
| ROBERT ROBERTSON | ADMIN DIRECTOR LOGISTICS Highest-paid employee | 55 | $206,759 | $26,409 |
| MATTHEW PISKUN | ADMIN DIRECTOR PHARMACY Highest-paid employee | 55 | $207,365 | $1,374 |
| DAVID BEYEL | CHAIR - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD KUEHNLE | VICE CHAIR - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| R SCOTT HALLIDAY | SECRETARY/ASST TREAS - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| RONALD B STABLINI CPA MBA | TREAS/ASST SECRETARY - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT C ALLEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL BRAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT J BRAY DDS MS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AUGGIE CIPOLLINI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICIA Q CONNOLLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN DABEK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEN KOREYVA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| FRANCIS LAMB CPA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER LUCASTI DO | TRUSTEE; EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| BARBARA RIDGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDITH L ROMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MUKESH ROY MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANGELO SPARAGNA III MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARMINE J TAGLIALATELLA JWC | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD L TRAA | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 MEDICAL CENTER WAY, SOMERS POINT, NJ 08244-2300
- In care of
- % DAVID R HUGHES
- Principal officer (990 for 2024)
- DAVID R HUGHES, 100 MEDICAL CENTER WAY, SOMERS POINT, NJ 082442387
- Signed the 990
- ROBERT WOOD, CFO
- Phone
- (609) 653-3545
- Website
- WWW.SHOREMEDICALCENTER.ORG
- Return prepared by
- WithumSmithBrown PC
Mission
THE MISSION OF SHORE MEDICAL CENTER IS TO CARE FOR AND RESPECT ALL PATIENTS, THEIR FAMILIES AND EACH OTHER. THE ORGANIZATION PROVIDES EMERGENCY AND MEDICAL NECESSARY HEALTHCARE SERVICES FOR ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.
Program accomplishments
- Expenses incurred in providing medically necessary inpatient medical services (excludes surgical cases and maternal child health), to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay. During 2024, the organization had 6,044 discharges for a total of 28,024 patient days. Please refer to Schedule O for the organization's community benefit statement.Expenses $77,827,025 · revenue $64,843,550
- Expenses incurred in providing medical necessary same day surgery services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. During 2024, the organization treated 3,660 same day surgery cases. Please refer to Schedule O for the organization's community benefit statement.Expenses $32,198,140 · revenue $39,536,393
- Expenses incurred in providing medical necessary maternal and pediatric inpatient services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. During 2024, the organization had 1,924 discharges for a total of 5,083 patient days. Please refer to Schedule O for the organization's community benefit statement.Expenses $8,972,993 · revenue $11,120,247
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 21-0660835
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $370,087,922
- Income (IRS master file)
- $268,008,155
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $267,733,748 | $225,727,927 | $370,087,922 | XML |
| 990 | December 2023 | $242,052,527 | $214,391,243 | $330,786,303 | XML |
| 990 | December 2022 | $259,330,927 | $209,237,761 | $334,920,102 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 21-0660835).
Questions about SHORE MEMORIAL HOSPITAL
- What is the EIN of SHORE MEMORIAL HOSPITAL?
- The employer identification number (EIN) of SHORE MEMORIAL HOSPITAL is 21-0660835.
- Is SHORE MEMORIAL HOSPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1942.
- Are donations to SHORE MEMORIAL HOSPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHORE MEMORIAL HOSPITAL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHORE MEMORIAL HOSPITAL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHORE MEMORIAL HOSPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHORE MEMORIAL HOSPITAL?
- The 990 for the year ended December 31, 2024 names DAVID R HUGHES.
- Who are the officers and directors of SHORE MEMORIAL HOSPITAL?
- The 990 for the year ended December 31, 2024 lists 33 people; 14 received compensation from the organization, the highest $2,029,654 (Ronald W Johnson, Trustee - CEO (TERM 12/24)).
- How much revenue does SHORE MEMORIAL HOSPITAL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $267,733,748, expenses of $225,727,927 and total assets of $370,087,922 at year end.
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