Hackensack Meridian Health Inc: $7.5B Revenue, $7.1B Expenses

On the NonprofitTruth efficiency rubric, Hackensack Meridian Health Inc pulls an A — the highest available grade. The 87/100 composite reflects strong financial reserves, controlled officer compensation, and the kind of multi-year financial discipline that grant-makers look for.

On revenue, Hackensack Meridian Health Inc is among the largest U.S. nonprofits: $7.5B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. Financial health is a strength: Hackensack Meridian Health Inc carries a healthy operating-reserve cushion against $7.1B in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Hackensack Meridian Health Inc reported $7.5B in 2023, up notably from the start of the window. Officer compensation is modest relative to organizational size: Hackensack Meridian Health Inc reports $39.4M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $7.5B in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Hackensack Meridian Health Inc is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.