2025-11-13T14:23:21-06:00 2024-12-31 346565596 Ernst & Young US LLP 1 Manhattan West New York NY 10001 990 2024-01-01 223380375 Atlantic Health System Inc ATLA 9736606100 475 SOUTH STREET ACCTG 920 MORRISTOWN NJ 07960 Michael Walter SVP, CFO 9734512005 2025-11-13 1 0 Nicole Sokolowski P01683199 2127733000 2024 2025-03-06 01:10:19Z Michael Walter 475 SOUTH STREET ACCTG 920 MORRISTOWN NJ 07960 8049102 0 9704 X www.atlantichealth.org X 1996 NJ Refer to Schedule OEstablish, maintain, sponsor, and promote activities relating to the improvement of human health and the provision of care to the sick or injured through its wholly owned subsidiary, AHS Hospital Corp. via the processing of clinical research trials. The system provides the Hospital Corp and Subsidiaries with general and professional liability coverage under a self-insurance plan and through an affiliated entity. 16 14 0 0 0 0 0 0 5949426 6182208 944800 1224732 2630701 642162 9524927 8049102 5901389 6130381 0 0 0 0 0 0 0 1114494 1385014 7015883 7515395 2509044 533707 169462646 294410932 48400320 81290647 121062326 213120285 X Establish, maintain, sponsor, and promote activities relating to the improvement of human health and the provision of care to the sick and injured through its wholly owned subsidiary, AHS Hospital Corp. The system provides the Hospital Corp and other subsidiaries with general and professional liability coverage under a self-insurance plan and through an affiliated entity. 0 0 7515395 6130381 The organization provides for the collection of clinical trial receipts which represent the reimbursement for the related expenses with contracted external pharmaceutical companies and universities. These clinical trials promote the improvement of human health and the provision of care to the sick and/or injured. 7515395 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 CJ 0 0 0 0 0 0 0 0 0 0 X 16 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 X Ken Butkowski 9734512005 475 South Street Morristown NJ 07960 Brian Gragnolati President & CEO 2.00 55.00 X X 0 9720812 1810496 Christopher R Reidy Trustee-AHS 2.00 X 0 0 0 Grant Parr MD Trustee-AHS 2.00 X 0 0 0 John F Vigorita MD Trustee-AHS 2.00 X 0 0 0 Laura Ann Kelly-Vice Chair Trustee-AHS 2.00 X 0 0 0 Richard W Herbst Trustee-AHS 2.00 X 0 0 0 Robert E McCracken-Chair Trustee-AHS 2.00 X 0 0 0 Finn Wentworth Trustee-AHS 2.00 X 0 0 0 Sean Nicholson Trustee-AHS 2.00 X 0 0 0 Dennis Wilson Trustee-AHS 2.00 X 0 0 0 Jeanine Liburd Trustee-AHS 2.00 X 0 0 0 Arthur Orduna Trustee-AHS 2.00 X 0 0 0 Justice Jaynee LaVecchia Trustee-AHS 2.00 X 0 0 0 Mai Pham MD Trustee-AHS 2.00 X 0 0 0 Michael Ranger Trustee-AHS 2.00 X 0 0 0 Muhammad Feteiha MD Trustee-AHS 2.00 55.00 X 0 1013286 31113 Kevin Lenahan EVP-Chief Bus & Strategy O 2.00 55.00 X 0 2924716 423192 Sheilah O'Halloran EVP-General Counsel 2.00 55.00 X 0 1859057 286358 Michael Walter SVP-Chief Financial Office 2.00 55.00 X 0 1615288 257152 Katharine Driebe VP, Finance 0.00 55.00 X 0 916796 145012 0 18049955 2953323 0 1 1 0 0 Clinical Rsch Support 900099 6182208 6182208 6182208 1224732 1224732 Gain on Equity Investment 900099 445789 445789 Realized Gain- JV 900099 196373 196373 642162 8049102 6824370 0 1224732 6130381 6130381 2380 2380 917 917 PRIMARY CARE PARTNERS - 938715 938715 ATLANTIC HEALTH PARTNER 283607 283607 Collection Fees 67928 67928 Contracted Labor 47059 47059 44408 44408 7515395 7515395 0 0 41920599 39925205 330603 350904 119063360 214340806 8148084 39794017 169462646 294410932 2545253 2886471 45855067 78404176 48400320 81290647 X 121062326 213120285 121062326 213120285 169462646 294410932 X 533707 91524252 X 0 1 X 1 0 X X 1 AHS Hospital Corp 521958352 3 1 6130381 0 1 6130381 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 INVEST-ATLANTIC HLTH MNGMNT CO 121136378 C INVEST-AHS INSURANCE CO LTD 22419000 C INVEST-EAGLE AMBULANCE 302625 C INVEST-Health Ventures 961779 C INVEST-Atlantic ACO 14334765 C INVEST-Allspire 6197095 C INVEST-Optimus 1150000 C INVEST-Chilton Prof Prac Corp-CMC 1082556 C INVEST-Chilton Auxiliary-CMC 30029 C INVEST-BRIDGEWATER AMBULATORY 3166000 C INVEST-CARE BETTER ACO 550000 C INVEST-AHP 525000 C INVEST-NORTH JERSEY HEALTH VENTURES 7000000 C INVEST-ALTANTIC BRAIN AND SPINE 255000 C INVEST-PREMIER HEALTH ACO LLC 1500000 C INVEST-PREMIER HEALTH ASSOC LLC 33730000 C Other 579 C 214340806 DUE FROM RELATED PARTIES 20972106 ESCROW DEPOSIT 18821911 39794017 DUE TO RELATED PARTY 59654176 MISC LIABILITIES 9650000 OTHER LIABILITIES-LT 9100000 78404176 Central America and Caribbean 1 Asset Investment Insurance 20016095 1 0 0 0 1 0 20016095 0 20016095 0 0 1 0 0 0 1 AHS Hospital Corp 475 South Street Morristown NJ 07960 521958352 501(c)(3) 6130381 0 Program Services. 1 0 Part I, Line 2: The organization conducts due diligence to review and select the level of assistance to recipients and is comfortable that the assistance is used for its intended purpose. The assistance issued in 2024 was provided to a related organization for the reimbursement of contracted clinical trial expenses to further the exempt mission of the related organization. 0 1 0 0 0 0 0 0 0 Brian Gragnolati President & CEO 0 3320521 0 5139690 0 1260601 0 1741138 0 69358 0 11531308 0 1112605 Kevin Lenahan EVP-Chief Bus & Strategy O 0 1415590 0 1094600 0 414526 0 385543 0 37649 0 3347908 0 0 Sheilah O'Halloran EVP-General Counsel 0 872855 0 661315 0 324887 0 248562 0 37796 0 2145415 0 223239 Michael Walter SVP-Chief Financial Office 0 982449 0 592546 0 40293 0 211325 0 45827 0 1872440 0 0 Katharine Driebe VP, Finance 0 490786 0 330078 0 95932 0 115679 0 29333 0 1061808 0 76196 Muhammad Feteiha MD Trustee-AHS 0 916512 0 95000 0 1774 0 12055 0 19058 0 1044399 0 0 Part I, Line 4b 2024 Supplemental Executive Retirement Plan (SERP) Earned Credits During 2024, Atlantic Health System implemented a non-qualified SERP paid entirely by Atlantic Health System. The SERP is provided to individuals that hold an executive position with Atlantic Health System. The SERP is in addition to benefits provided under the Atlantic Health System 403(b) and the Cash Balance plan if hired prior to December 15, 2013. During 2024, the following Officers received SERP credits: Brian Gragnolati 1,723,038 Sheilah O'Halloran 245,892 Michael Walter 193,222 Kevin Lenahan 385,483 The above amounts represent earned credits which have not vested and were not included in their respective 2024 Forms W-2 compensation. However, the earned credits were included as Other Compensation in Column (F) of Part VII and as Deferred Compensation in Column (C) of Part II, Schedule J of the 2024 Form 990 per Internal Revenue Service guidance. Once the officers meet the applicable vesting criteria of the plan, the SERP credits will be included as taxable compensation in their respective Forms W-2 of that year. 2024 Supplemental Executive Retirement Plan (SERP)Taxable Distributions The following officers received taxable SERP distributions during 2023 based on the vesting criteria of the plan document. These taxable SERP distributions were included in their respective 2024 W-2s and are reported in Other Reportable Compensation in Schedule J (Sch J, (B)(ii))of the this IRS 990: Brian Gragnolati $1,112,605 Sheilah O'Halloran 223,239 Kevin Lenahan 357,274 Form 990, Part VI, Section B, line 11b The SVP-Chief Financial and Administrative Officer reviewed the entire Form 990 in detail with the President-CEO and Trustees. Any input from senior management and the Trustees was evaluated and implemented in the Form 990. Form 990, Part VI, Section B, line 12c We require disclosure of potential conflicts. This policy governs all personnel at Atlantic Health System, including Board members. Additionally, the Board Committee must fill out annual disclosures with specific questions regarding potential conflicts. For potential conflicts involving employees, conflicts involving business relationships require prior disclosure and approval by the Compliance Officer (General Counsel). Conflicts involving Board members require approval from the Compliance Officer and the Head of the Audit Committee, who may refer those conflicts to the Compliance Committee Board. Restrictions are fact dependent, but may include recusal from deliberations regarding subject matter affected by the conflict. Form 990, Part VI, Section B, line 15b A review of officer compensation by an independent 3rd party (Sullivan-Cotter) is completed every year. The most recent survey was conducted in 2024. Officers reviewed include: EVP, Chief Administrative Officer EVP, Chief Business and Strategy Officer EVP, Chief Clinical Officer EVP, Chief Health System Officer EVP, Chief Information and Digital Transformation Officer EVP, Chief Physician Executive EVP, General Counsel President and Chief Executive Officer - AHS SVP, Chief Financial Officer SVP, CNE/President, MMC SVP, AHS/President, CMC SVP, AHS/President, OMC SVP, AHS/President, Western Region VP, Ambulatory Services and Network Development VP, Chief Marketing Officer VP, Chief Medical Officer, ACO VP, Chief Quality and Patient Safety Officer VP, Chief Risk Officer VP, Chief Strategy Officer VP, COO Atlantic Medical Group VP, Corporate Legal Services VP, Facilities Management and Real Estate VP, Finance VP, Government & Public Affairs VP, Information Technology VP, Insurance Networks VP, Integrated Care VP, Physician Enterprise Strategy VP, Revenue Cycle VP, Talen Management and Chief Diversity and Inclusive Officer VP, Workforce Experience VP, Research On behalf of Atlantic Health, Sullivan Cotter conducts an annual total compensation survey based on appropriate comparability data for like positions in like organizations. The results of the survey are presented to the Executive Committee of the board which documents the findings and recommendations in committee minutes. Compensation for key physicians is determined by soliciting salary data from published sources. These salary recommendations are then approved by the Executive Committee of the board. Form 990, Part VI, Section C, line 19 The organization currently provides access to its financial statements via the Form 990 which is made available for public disclosure. The governing documents and conflict of interest policies are not currently made available to the public. The organization has an Audit Committee which meets at least quarterly thoughout the year. The Audit Committee assumes the responsibility for oversight of the audit(s), of its financial statements and the selection of an independent accountant/audit firm. In addition, the audit committee provides oversight and review of all federal and state tax issues and tax returns. Form 990, Part XI, line 9: Diff in the accrual vs cash basis of transfers of clinical trial deposits -51,826. Equity Transfers 91,576,078. FOUNDATION FOR MORRISTOWN MEDICAL CENTER 475 SOUTH STREET MORRISTOWN NJ 07960 223392808 Fundraising NJ 501(c)(3) Line 7 Atlantic Health System Inc 1 NEWTON MEDICAL CENTER FOUNDATION INC 175 HIGH STREET NEWTON NJ 07860 222618102 FUNDRAISING NJ 501(c)(3) Line 7 Atlantic Health System Inc 1 NORTH JERSEY HEALTH CARE PROPERTIES INC 175 HIGH STREET NEWTON NJ 07860 223519709 REAL ESTATE AND LEASING ACTIVITIES FOR BENEFIT OF EXEMPT ORGANIZATION NJ 501(c)(2) Atlantic Health System Inc 1 PRIME CARE INC 175 HIGH STREET NEWTON NJ 07860 222759566 HOME AND HEALTHCARE SERVICES NJ 501(c)(3) Line 10 Atlantic Health System Inc 1 Chilton Medical Center Auxiliary Inc 97 West Parkway Pompton Plains NJ 07444 222883605 Support Charitable Exempt Programs and Services of Medical Hospital. NJ 501(c)(3) Line 12a, I Atlantic Health System Inc 1 Chilton Medical Center Foundation Inc 97 West Parkway Pompton Plains NJ 07444 223084817 Support Charitable Exempt Programs and Services of Medical Hospital NJ 501(c)(3) Line 7 atlantic Health System Inc 1 Chilton Realty Holding Inc 97 West Parkway Pompton Plains NJ 07444 223067739 REAL ESTATE AND LEASING ACTIVITIES FOR BENEFIT OF EXEMPT ORGANIZATION NJ 501(c)(2) Atlantic Health System Inc 1 Foundation for Hackettstown Medical Center 651 Willow Grove Street Hackettstown NJ 07840 222333410 Support Charitable Exempt Programs and Services of Medical Hospital. NJ 501(c)(3) Line 7 Atlantic Health System Inc 1 Center for Aging Inc 901 West Main Street Freehold NJ 07728 222575377 Health Services NJ 501(c)(3) Line 10 Atlantic Health System Inc 0 CentraState Assisted Living Inc 901 West Main Street Freehold NJ 07728 223520730 Health Services NJ 501(c)(3) Line 10 Atlantic Health System Inc 0 Healthcare Affiliates Inc 901 West Main Street Freehold NJ 07728 521594300 Health Services NJ 501(c)(3) Line 10 Atlantic Health System Inc 0 CentraState Healthcare System Inc 901 West Main Street Freehold NJ 07728 222482803 Management NJ 501(c)(3) Line 12a, I Atlantic Health System Inc 0 CentraState Healthare Foundation Inc 901 West Main Street Freehold NJ 07728 272383065 Fundraising NJ 501(c)(3) Line 7 Atlantic Health System Inc 0 CentraState Medical Center 901 West Main Street Freehold NJ 07728 221750190 Healthcare Services NJ 501(c)(3) Line 3 Atlantic Health System Inc 0 Chambers Center for Well-Being LLC 475 SOUTH STREET MORRISTOWN NJ 07960 832620066 Health Services NJ 501(c)(3) Line 10 Atlantic Health System Inc 0 Primary Care Partners LLC 475 South Street MORRISTOWN NJ 07960 274980253 Physician Services NJ Atlantic Health System Inc Related -470213 -3841851 0 0 0.89200 Atlantic Health Partners LLC 475 South Street MORRISTOWN NJ 07960 824198770 Medical Practice NJ Atlantic Health System Inc Related -104304 -138849 0 0 0.95500 Atlantic Rehabilitation Institute LLC 680 South Fourth Street Louisville KY 40202 814711074 Rehabilitation Facility KY AHS Hospital Corp Related 4351615 4351615 0 0 0.55000 Atlantic Brain and Spine LLC 465 South Street Morristown NJ 07960 931467537 Physician Services NJ Atlantic Health System Inc Related -821 231804 0 0 0.88000 Premier Health Associates LLC 532 Lafayette Road Suite 300 Sparta NJ 07871 222705732 Physician Services NJ Atlantic Health System Inc Related -1312822 1166753 0 0 0.70000 ATLANTIC HEALTH MANAGEMENT CORP AND SUBSIDIARIES 200 AMERICAN ROAD MORRIS PLAINS NJ 07950 223538027 HEALTHCARE Related Services NJ Atlantic Health System Inc C 1.00000 1 AHS INSURANCE COMPANY LTD 475 South Street Morristown NJ 07960 223380375 INSURANCE NJ Atlantic Health System Inc C 1.00000 1 NUTLEY MEDICAL CARE PA 100 MADISON AVE MORRISTOWN NJ 07960 223645010 HEALTHCARE NJ N/A C 0 NON-INVASIVE DIAGNOSTICS PA 100 MADISON AVE MORRISTOWN NJ 07960 202027439 HEALTHCARE NJ N/A C 0 SPECIALITY CARE OF PRACTICE ASSOCIATES PA 100 MADISON AVE MORRISTOWN NJ 07960 030376428 HEALTHCARE NJ N/A C 0 MATERNAL FETAL MEDICINE OF PRACTICE ASSOCIATES PA 100 MADISON AVE MORRISTOWN NJ 07960 030376428 HEALTHCARE NJ N/A C 0 MADISON PEDIATRICS PA 100 MADISON AVE MORRISTOWN NJ 07960 223645007 HEALTHCARE NJ N/A C 0 AHS ACO LLC 475 South Street Morristown NJ 07960 273800813 Physician services NJ N/A C 0 The Northwest New Jersey MedicalSurgical Alliance PC 175 High Street NEWTON NJ 07860 450577942 Healthcare Services NJ N/A C 0 The Northwest New Jersey Urgent Care Alliance PC 175 HIGH STREET Newton NJ 07860 830492357 Healthcare Services NJ N/A C 0 Tertiary Care Specialists of Practice Associates PA 475 South Street MORRISTOWN NJ 07960 830713277 HEALTHCARE NJ N/A C 0 Atlantic Executive Health PA 475 South Street MORRISTOWN NJ 07960 471944011 HEALTHCARE NJ N/A C 0 Chilton Community Care Inc and Subs 97 West Parkway Pompton Plains NJ 07444 222869148 HEALTHCARE NJ N/A C 0 Atlantic Advanced Urgent Care LLC 475 South Street Morristown NJ 07960 831558799 Healthcare NJ N/A C 0 Care Better ACO LLC 475 South Street Morristown NJ 07960 831224464 Physician Practice NJ N/A C 0 AHS Health Network LLC 475 South Street Morristown NJ 07960 474079001 Physician Practice NJ N/A C 0 Atlantic Health ACO LLC 475 South Street Morristown NJ 07960 474126650 Physician Practice NJ N/A C 0 Visiting Nurse Association of Somerset Hills Office Park Condominium 200 Mount Airy Rd Basking Ridge NJ 07920 261183397 Home health services NJ N/A C 0 Ancillary Specialists of Practice Assoc PA 475 South Street MorristOWN NJ 07960 844693833 Physician Practice NJ N/A C 0 Functional Medicine of Practice Associates PA 475 South Street Morristown NJ 07960 845006796 Physician Practice NJ N/A C 0 Atlantic Urgent Care LLC 181 High Street NEWTON NJ 07860 461693160 HEALTHCARE NJ N/A C 0 CentraState Healthcare Services Inc 901 West Main Street Freehold NJ 07728 222512830 Health Services NJ Atlantic Health System Inc C 0.51000 0 CentraState Medical Associates PC 901 West Main Street Freehold NJ 07728 223402359 Health Services NJ Atlantic Health System Inc C 0.51000 0 CentraState Specialists PC 901 West Main Street Freehold NJ 07728 833704077 Health Services NJ Atlantic Health System Inc C 0.51000 0 CentraState Captive Insurance Co LTD 901 West Main Street Freehold NJ 07728 981205985 INSURANCE CJ Atlantic Health System Inc 0.51000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AHS Hospital Corp B 6130381 Actual value of transaction