New Jersey · Ranked 138 of 1033 by CEO pay.

Holy Name Medical Center

Michael Maron, Trustee - President & CEO. Fiscal year ending 2024-12.

$2.5M

CEO total compensation
Form 990 Part VII, columns D+E+F

0.81%

of expenses spent on charity care
Schedule H Part I line 7a

50.8%

CEO pay as a share of all charity care

Michael Maron’s pay of $2,453,208 equals 50.8 percent of the $4,832,251 the system spent on charity care in the same year.

§1The filing

Total revenue: $596,467,503
Total expenses: $597,781,453
Net assets: $303,723,804
Employees: 3,229
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $4,832,251
Bad debt: $20,778,394
Medicare surplus (shortfall), as filed: ($44,666,670)
CEO pay from the organization (Part VII col. D): $2,394,978
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $58,230
CEO total compensation (D+E+F): $2,453,208 to Michael Maron

Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.

Source: Form 990, Holy Name Medical Center, EIN 22-1487322, fiscal year ending 2024-12, as published by the IRS. CEO identification: ceo title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$79.0M Of which charity care to patients who could not pay (line 7a)$4.8M (6%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($20.8M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.

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Holy Name Medical Center: CEO pay $2.5M, charity care 0.81% of expenses

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Holy Name Medical Center reported $2,453,208 in compensation for chief executive Michael Maron in the fiscal year ending 2024-12. It spent 0.81% of expenses on charity care, $4,832,251. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/holy-name-medical-center-inc-22-1487322.html