Hackensack Meridian School of Medicine
Nutley, NJ · official site ↗
Private nonprofitSpecial Focus: Medical Schools and CentersVery small
50
Fin. Resilience
Hackensack Meridian School of Medicine is a private nonprofit institution in Nutley, NJ, classified by Carnegie as “Special Focus: Medical Schools and Centers.”
It is benchmarked here against 29 peer institutions (Special Focus: Medical Schools and Centers · Private nonprofit).
On Ibex's Financial Resilience score it rates 50 out of 100 within that peer group, a transparent composite of endowment per undergraduate, net tuition revenue per student, and instructional spend per student.
That score and the financial health index below are not the same measure and can disagree: the resilience score ranks per-student resource levels against this peer group, while the financial health index scores the institution's own balance sheet and operating result on the CFI scale, independent of peers. A school with modest resources per student can still run a sound balance sheet, and a wealthy one can still post an operating loss.
Its strongest standing relative to peers is return on net assets (46.8%, 98th percentile).
Its weakest is direct competitors within 100 mi (3).
Peer group
Special Focus: Medical Schools and Centers · Private nonprofit
29 institutions
No cross-metric risk flags triggered.
What changedlargest year-over-year moves
Endowment (end of year)
▲ +22%
$110.7M → $135.2M
2022→2023
Net tuition revenue / FTE
▲ +9%
$52,821 → $57,538
2023→2024
Instructional spend / FTE
▲ +6%
$11,092 → $11,715
2023→2024
Most recent single-year change in each tracked metric (rates in percentage points). Green = moved in this metric’s favorable direction, red = unfavorable, grey = size or context, not scored. Each row uses the latest pair of years that metric has, and federal collections release on different schedules, so the years differ from row to row: read the years on the row, not just the ranking. A single year is also not a trend, the multi-year series is on each metric’s card below.
Policy & demographic exposure
How exposed Hackensack Meridian School of Medicine is to the structural shifts reshaping higher ed: a composite structural-risk index plus the 2025 federal budget law’s endowment excise tax, Grad PLUS elimination, new Parent PLUS borrowing cap and new Workforce Pell short-term-credential opportunity, and the demographic enrollment cliff. Only signals that apply to this institution are shown.
Structural risk indexAn indicative 0–100 structural-risk index (higher = more pressure) blending operating margin, months of cash cushion, tuition dependency and the home-state enrollment cliff. Screens for the financial and demographic strain that precedes closures and mergers, directional, not a prediction.
53
ElevatedGrad PLUS exposureShare of the school's graduate federal loan dollars that came from Grad PLUS, the program the 2025 budget law eliminates for new borrowers from July 2026 (FSA Direct Loan data). Higher = more graduate borrowing that will disappear above the new caps.
46.8%
High exposureHigher than 77% of schools nationally
AY2025-26 (Federal Student Aid)
Avg Grad PLUS loanAverage Grad PLUS loan per borrower (FSA). The 2025 law caps unsubsidized grad borrowing at $20,500/yr and ends Grad PLUS. This is the average per-student amount that vanishes above the cap. The depth half of the Grad PLUS shock. Pair it with Grad PLUS exposure (the reliance share).
$49,184
Above the capHigher than 94% of schools nationally
AY2025-26 (Federal Student Aid)
Enrollment cliff (home state)Projected change in the institution's home-state high-school graduates from 2025 to 2041 (WICHE). The U.S. total falls about 13%. This is a directional feeder-market signal, not an enrollment forecast.
-2.8%
Moderate declineAmong the most exposed nationally. In the top 10% of U.S. institutions on Avg Grad PLUS loan.
Indicative signals, not forecasts, see each metric’s definition and the methodology. Endowment-tax, Grad PLUS, Parent PLUS and Workforce Pell figures appear only where the institution is exposed, and “nationally” compares against all schools that report each signal.
Turn these signals into action
Seeing exposure is step one. Ibex builds AI agents that monitor and act on exactly these pressures. Explore an interactive demo. Live demos run real workflows, and the rest are working mockups we build to your institution’s data.
Financial Health Index
4.5
on a −4 to 10 scale
Primary reserve 55%0 mo
Return on net assets 30%46.8%
Operating result 15%22.3%
Composite of four ratios on a strength-factor scale (−4 weak → 10 strong): below 3 falls short of the threshold for financial health, below 1 signals acute stress, and above 6 is strong. Computed from IPEDS FY2022-23, the most recent finance release (it lags the current year by 2–3 years). Branch campuses that report finances at a parent/system level can show distorted ratios. For informational benchmarking, not a credit rating or financial advice.
Enrollment shock
What an enrollment loss would do to the budgetTuition revenue falls with the students. Every other revenue line and the entire cost base stay where they are. It measures the size of the hole a decline would open, not what the institution would end up reporting after it responded.
Tuition and fees fund 68% of this institution’s operating revenue, and it runs a 22.3% operating margin. It could lose about 32.7% of its enrollment before the surplus becomes a deficit, if nothing else changed.
16.6%
operating margin after the loss, with costs unchanged
A deliberately simple counterfactual: net tuition per student and total costs stay where the latest IPEDS finance filing put them, so only the tuition line moves. No institution facing this would hold costs flat, which is the point, the figure is the gap that would have to be closed, not a forecast of the margin it would report. A school that responds by discounting harder to hold headcount converts the same problem into a net-price one, and it does not show up here.
Revenue composition
Where the money comes from
$38.3M total revenue · IPEDS FY2022-23
Tuition & fees is the largest single source at 68% of revenue.
Tuition & fees68.2%
Government appropriations20.5%
Other revenue11.3%
Where each dollar of revenue comes from, as a share of total positive revenue. Sources are standardized across public (GASB) and private (FASB) reporting. A net investment loss in a down market is shown as 0% and excluded from the mix.
Financial Health
The bar under each rank is the spread across the peer group: the shaded box is the middle half, the pale line is their median, and the gold marker is this institution. Hover for the figures.
Net tuition revenue / FTETuition revenue per full-time-equivalent student after institutional aid/discounts, what tuition nets.Calculated from filings
Strong
$57,538
88th percentile in peer grouppeer median $44,891
higher is better
2024-25 (Scorecard)29 peers
Instructional spend / FTESpending on instruction per FTE student, how much of the budget reaches the classroom.Calculated from filings
Below peers
$11,715
12th percentile in peer grouppeer median $23,423
higher is better
2024-25 (Scorecard)29 peers
Endowment (end of year)Total endowment value at year end, long-term invested wealth that funds operations and cushions shocks.As filed
Strong
$135.2M
80th percentile in peer grouppeer median $62.5M
higher is better
FY2022-2327 peers
Value of endowment assets at the end of the fiscal year (IPEDS finance, FY2022-23: FASB F2H02 / GASB F1H02), co-vintage with the other finance-year metrics on this page. Usually filed at the parent campus: most branch and online sub-units show the parent's endowment as a clearly labeled inherited value, and a few report a small endowment of their own alongside it. Multi-year trend from College Scorecard, shown only where it matches the IPEDS filing.
Operating marginOperating surplus or deficit as a share of operating revenue, leaving out investment swings and capital gifts: whether day-to-day operations run in the black.Calculated from filings
Strong
22.3%
77th percentile in peer grouppeer median 13.5%
higher is better
FY2022-2324 peers
Operating result as a share of operating revenue (IPEDS FY2022-23): the IPEDS net operating revenue ratio, the same figure the Financial Health Index uses. It leaves out capital appropriations, capital gifts and additions to endowment, and for private nonprofits counts only unrestricted revenue, so a one-year swing in investment markets or a building grant does not read as an operating surplus or deficit. For-profit institutions: (revenue excluding investment return − total expenses) ÷ that revenue. A surplus above 4% is strong. A thin surplus near 0% leaves little margin for shocks. Values beyond ±100% are not shown.
Tuition dependencyNet tuition as a share of operating revenue, how exposed the budget is to enrollment swings.Calculated from filings
68.2%
48th percentile in peer grouppeer median 71.1%
context, not scored
FY2022-2324 peers
Tuition and fees as a share of operating revenue (IPEDS FY2022-23), the same revenue base as the operating margin, so the two combine correctly in the enrollment-loss scenario. Operating revenue leaves out capital appropriations, capital gifts and endowment additions, and for private nonprofits counts unrestricted revenue only, so this share can run a few points above the tuition slice of the revenue-mix chart, which divides by every revenue source. For public institutions the base is the IPEDS consolidated figure, which can include component units such as foundations and university health systems, so a public with a large hospital shows lower dependency than its campus budget alone would. Not shown where the operating margin is not shown. Higher = more exposed to enrollment swings.
Tuition discount rateInstitutional grant aid as a share of gross tuition (IPEDS, private nonprofits only), the tuition-discount rate. This is the share of sticker tuition handed back as aid. A high rate signals heavy price competition for students.Calculated from filings
23.2%
98th percentile in peer grouppeer median 8.5%
context, not scored
FY2022-2321 peers
Institutional grant aid as a share of gross tuition and fee revenue (IPEDS FY2022-23, FASB): tuition allowances funded by the school itself (endowment, gifts and other institutional money) ÷ (net tuition revenue + all allowances applied to tuition). Pell, other federal, state and local grants are left out of the numerator because they are not the school's discount. Private nonprofit institutions only. Public (GASB) institutions report tuition differently and are not shown. Also not shown where a school books most of its own aid as scholarship expense instead of as a tuition allowance, because this measure cannot see that aid. The rate covers all students, undergraduate and graduate, so it runs well below NACUBO's widely quoted average, which covers first-time, full-time freshmen only.
State appropriations shareState appropriations' share of total revenue, material for public institutions, near zero for private.Calculated from filings
20.5%
98th percentile in peer grouppeer median 0%
context, not scored
FY2022-2325 peers
State appropriations as a share of total revenue (IPEDS FY2022-23). Material for public institutions, ~0 for private.
Administrative cost shareInstitutional support (central administration, governance, general administration, fundraising, and under FASB the operation and maintenance of plant) as a share of total expenses, private nonprofit (FASB) institutions only, where the figure is comparable. An informational gauge of administrative intensity, not a measure of waste.Calculated from filings
31.6%
81st percentile in peer grouppeer median 23.4%
context, not scored
FY2022-2329 peers
Institutional support, central administration, executive management, governance, general administration, fundraising and (under FASB rules) operation and maintenance of plant, as a share of total expenses (IPEDS FY2022-23, FASB). Private nonprofit institutions only: public (GASB) institutions report functional expenses on a different basis and frequently consolidate large hospital and auxiliary operations, which makes a comparable ratio unreliable, so they are not shown. Because FASB folds plant operations into institutional support, this runs higher than a narrow 'central-office' figure, and schools with sizable hospital or auxiliary operations show a lower ratio as those costs enlarge total expenses. An informational benchmark of administrative intensity, compared within the peer group, not a measure of waste or quality.
Months of operating cushionMonths of operating expenses covered by expendable reserves, the institution's cash cushion.Calculated from filings
Thin
0 mo
6th percentile in peer grouppeer median 11.7 mo
higher is better
FY2022-2324 peers
How many months of operating expenses the institution could cover from expendable reserves (IPEDS FY2022-23 primary reserve ratio × 12). About 5 months, one semester, is the accreditor benchmark for solid footing. Below ~3 months is thin. A negative figure means expendable reserves are themselves negative.
Return on net assetsChange in net assets over the year, whether the institution grew wealthier.Calculated from filings
Strong
46.8%
98th percentile in peer grouppeer median 8.1%
higher is better
FY2022-2324 peers
Change in total net assets ÷ net assets (IPEDS FY2022-23), whether the institution grew wealthier over the year. 2–4% is adequate, and above 4% is strong.
Endowment per FTE studentEndowment per full-time-equivalent student, the FTE-correct measure of endowment wealth per student.Calculated from filings
Strong
$273,640
91st percentile in peer grouppeer median $17,043
higher is better
FY2022-2327 peers
End-of-year endowment ÷ 12-month FTE enrollment, endowment wealth per full-time-equivalent student. The FTE-correct companion to endowment-per-undergraduate. FTE counts graduate and part-time load, so research universities look less wealthy on this basis than on a headcount basis. Both sides are FY2022-23: the denominator is the FTE count from the endowment's own year (2022-23), not the newer FTE figure shown in the enrollment section, so dividing the two numbers on this page will not reproduce this one. Where one campus files finance for sister campuses that share its federal ID, the endowment covers all of them, so their FTE is counted too.
Spent on instructionInstruction as a share of total functional expenses (private-nonprofit reporting).Calculated from filings
17.1%
9th percentile in peer grouppeer median 37.8%
context, not scored
FY2022-23 (IPEDS)29 peers
Instruction spending divided by total functional expenses (IPEDS Finance, FY2022-23 (FASB)). 'Where the money goes' context, reported here for private-nonprofit (FASB) institutions only, where the functional split is comparable. It is not computed for public or for-profit institutions. Higher is not automatically better. Research universities and those with hospitals or large auxiliaries spread spending across other functions.
Spent on student servicesStudent services as a share of total functional expenses (private-nonprofit reporting).Calculated from filings
17.5%
98th percentile in peer grouppeer median 5.1%
context, not scored
FY2022-23 (IPEDS)29 peers
Student-services spending (admissions, registrar, student life, counseling) divided by total functional expenses (IPEDS Finance, FY2022-23 (FASB)). Private-nonprofit (FASB) institutions only. Spending-mix context, not a quality measure.
Spent on academic supportAcademic support as a share of total functional expenses (private-nonprofit reporting).Calculated from filings
30.1%
95th percentile in peer grouppeer median 12.4%
context, not scored
FY2022-23 (IPEDS)29 peers
Academic-support spending (libraries, academic computing, deans' offices) divided by total functional expenses (IPEDS Finance, FY2022-23 (FASB)). Private-nonprofit (FASB) institutions only. Context, not a quality measure.
Spent on researchResearch as a share of total functional expenses (private-nonprofit reporting).Calculated from filings
0%
5th percentile in peer grouppeer median 5%
context, not scored
FY2022-23 (IPEDS)29 peers
Research spending divided by total functional expenses (IPEDS Finance, FY2022-23 (FASB)). Private-nonprofit (FASB) institutions only. It runs near zero at teaching-focused colleges and sizeable at research universities. Spending-mix context, not a quality measure.
Financial responsibility scoreED financial-responsibility composite score (-1.0 to 3.0, >=1.5 is passing).Regulator / auditor finding
Below peers
2.2
10th percentile in peer grouppeer median 3.0
higher is better
AY2022-23 (Federal Student Aid)25 peers
The U.S. Department of Education's financial-responsibility composite score, a -1.0 to +3.0 measure of an institution's solvency built from its audited finances. 1.5 and above passes, 1.0-1.4 is a zone needing oversight, and below 1.0 fails and can trigger letter-of-credit or cash-monitoring requirements. ED computes it only for private non-profit and proprietary schools, so it is reported only where scored. Higher is safer. Banded against the school's peer group.
Grad PLUS exposureShare of the school's graduate federal loan dollars that came from Grad PLUS, the program the 2025 budget law eliminates for new borrowers from July 2026 (FSA Direct Loan data). Higher = more graduate borrowing that will disappear above the new caps.Calculated from filings
High exposure
46.8%
AY2025-26 (Federal Student Aid)
Share of the institution's graduate federal loan dollars (Grad Unsubsidized + Grad PLUS) that came from Grad PLUS, the program the 2025 budget law eliminates for new borrowers from July 1, 2026, alongside new caps on graduate borrowing. A higher share means more of the school's graduate students rely on borrowing that will no longer exist above the unsubsidized cap. Source: U.S. Dept. of Education / Federal Student Aid Direct Loan Dashboard, award year 2025-26, the complete year (July 2025 to June 2026). Shown only for schools with Grad PLUS originations. It is an exposure signal, not a forecast of revenue loss. Not shown where fewer than 10 students (or parents) borrowed. From the Federal Student Aid Direct Loan dashboard for award year 2025-26, the complete year (July 2025 to June 2026).
Avg Grad PLUS loanAverage Grad PLUS loan per borrower (FSA). The 2025 law caps unsubsidized grad borrowing at $20,500/yr and ends Grad PLUS. This is the average per-student amount that vanishes above the cap. The depth half of the Grad PLUS shock. Pair it with Grad PLUS exposure (the reliance share).As filed
Above the cap
$49,184
AY2025-26 (Federal Student Aid)
Average Grad PLUS loan per recipient (FSA Direct Loan Dashboard, award year 2025-26, full year). The 2025 budget law eliminates Grad PLUS for new borrowers from July 1, 2026 and caps unsubsidized graduate borrowing at $20,500/year ($50,000/year for professional-degree students such as medicine and law), so for a graduate program this is the average per-borrower amount that will no longer be available above that cap. Paired with Grad PLUS exposure (the institution's reliance share), it is the depth axis of the Grad PLUS shock: how much each affected borrower stands to lose. Shown only where Grad PLUS was originated. Not shown where fewer than 10 students (or parents) borrowed. From the Federal Student Aid Direct Loan dashboard for award year 2025-26, the complete year (July 2025 to June 2026).
Structural risk indexAn indicative 0–100 structural-risk index (higher = more pressure) blending operating margin, months of cash cushion, tuition dependency and the home-state enrollment cliff. Screens for the financial and demographic strain that precedes closures and mergers, directional, not a prediction.Blended index
Elevated
53
FY2022-23 (IPEDS) with WICHE 2024 projections
An indicative 0–100 structural-risk index (higher = more pressure), an equal-weight blend of the stress signals we measure: thin or negative operating margin, low months of operating cushion, high tuition dependency, and a shrinking home-state high-school-graduate pipeline (enrollment cliff). Averaged over whichever signals are available (at least two required). It screens for the financial and demographic pressures that precede closures and mergers, a directional indicator, NOT a prediction that any institution will close, and not a credit rating. For-profit institutions report no operating-cushion figure and nearly all of them run close to 100% tuition dependency, so their index rests on at most three signals and reads higher than a nonprofit's; compare a for-profit with other for-profits. Built from the FY2022-23 IPEDS finance filing, the most recent one published, combined with WICHE's high-school-graduate projections. The finance side is two to three years old, so a school that has since raised money, cut costs or lost enrollment will not be reflected here. It is a structural signal, not a current diagnosis, and it is not a prediction that any named institution will close.
Enrollment loss before deficitHow much of its enrollment the institution could lose before running an operating deficit, if it changed nothing else.Modelled by Ibex
Wide cushion
32.7%
81st percentile in peer grouppeer median 20.2%
higher is better
FY2022-2324 peers
The share of its students an institution could lose before its operating surplus becomes a deficit, assuming net tuition per student and total costs stay where they are. It comes straight from two figures in the same IPEDS finance filing: the operating margin, and tuition's share of the same operating revenue. A school with a 3% surplus that funds 85% of itself from tuition can absorb about a 3.5% enrollment loss. The same 3% surplus at a school funding a quarter of itself from tuition absorbs about 12%. Zero means the institution is already running a deficit. Where the surplus is larger than all tuition revenue, no enrollment loss alone produces a deficit and no figure is shown. It is not a prediction: no institution facing that loss would hold costs flat, and the number is the size of the hole that would have to be closed, not the outcome. Banded against the school's peer group. Higher is better.
Operating margin after a 10% enrollment lossWhat the operating margin becomes if a tenth of the students go and nothing else changes.Modelled by Ibex
Still in surplus
16.6%
77th percentile in peer grouppeer median 6.2%
higher is better
FY2022-2324 peers
The institution's operating margin recomputed after losing one student in ten, holding net tuition per student and total costs constant. Tuition revenue falls with the students. Every other revenue line and the whole cost base stay put. A tenth is the scale of decline the demographic projections already put on several states' high-school graduating classes, so it is a scenario rather than a worst case. Not a forecast: a real institution would cut costs, and this measures the gap it would have to cut, not what it would end up reporting. Built from the operating margin and tuition dependency in the same IPEDS filing. Banded against the school's peer group. Higher is better.
Operational-risk index (official findings)0-100 severity of what federal regulators and auditors have said about this institution. Higher means more official concern.Blended index
Clean
11.0
91st percentile in peer grouppeer median 0.0
lower is better
ED composite AY2022-23 (Federal Student Aid)27 peers
A 0-100 severity score built only from published federal determinations: the Department of Education's financial-responsibility composite score, its Heightened Cash Monitoring list, and the going-concern, material-weakness, material-noncompliance, modified-opinion and repeat-finding results of the school's Single Audit. It is deliberately NOT a model: every component is something a regulator or an independent auditor put in writing. Components are scored only where they exist, and the score is their weighted average, so a school assessed on two signals sits on the same scale as one assessed on seven. Schools with neither a composite score nor a Single Audit on file are omitted rather than shown as clean: ED does not compute a composite score for public institutions, and no audit on file means nobody looked, not that nothing was found. Read it alongside the structural-risk index, which is the tool's own forward-looking model rather than a record of findings. Lower is better. The window shown is the one this school's own figure was measured over: it is shorter where the series starts late, ends early, or is cut at a reporting change, so peers are not all measured over identical years.
Enrollment & Pipeline
The bar under each rank is the spread across the peer group: the shaded box is the middle half, the pale line is their median, and the gold marker is this institution. Hover for the figures.
12-month FTE enrollmentFull-time-equivalent enrollment over the full year, the denominator for per-student finance measures.As filed
570
12th percentile in peer grouppeer median 1,639
context, not scored
2023-24 (IPEDS)29 peers
Full-time-equivalent enrollment over the full 12-month year (IPEDS 12-month enrollment, 2023-24). Counts part-time students at their fractional load, so it runs above fall full-time headcount and is the denominator used for per-student finance measures.
Fully online studentsShare of students enrolled exclusively in distance-education (online) courses.As filed
0%
24th percentile in peer grouppeer median 2%
context, not scored
Fall 2023 (IPEDS)29 peers
Share of students enrolled exclusively in distance-education courses (IPEDS, Fall 2023). Describes delivery model, not quality. Online-heavy institutions look different on residential measures.
Applicant-pool diversity shiftProjected change in the non-white share of the home state's public high-school graduating class, class of 2025 to 2037.Modelled by Ibex
+6.2 pts
WICHE 2024 (11th ed.)
Percentage-point change in the non-white share of the institution's home-state public high-school graduating class between the class of 2025 (the national peak) and 2037 (WICHE, Knocking at the College Door, 11th ed., public-school race detail). A forward look at who the future applicant pool will be: a positive value means the state's graduating class is projected to grow more racially diverse. Strategic recruiting context, not a forecast of any one school's enrollment, and a college recruits from many states.
Hybrid (some online) enrollmentShare of students enrolled in some but not all courses online (hybrid), Fall 2023.As filed
0%
22nd percentile in peer grouppeer median 10%
context, not scored
Fall 202329 peers
Share of all students taking some, but not all, of their courses at a distance (IPEDS, Fall 2023). This is the hybrid middle ground between the fully online share and the fully in-person share, and it signals how far a school has moved coursework online without going exclusively remote. Context metric, not better or worse. Shown as a position within the peer group, not as a score.
Graduate share of enrollmentGraduate students as a share of total enrollment, Fall 2023.As filed
100%
67th percentile in peer grouppeer median 100%
context, not scored
Fall 202329 peers
Graduate students as a share of total headcount enrollment (IPEDS, Fall 2023). It separates research-intensive universities with large graduate bodies from undergraduate-focused institutions. Context metric, not better or worse. Shown as a position within the peer group, not as a score.
Women share of facultyWomen as a share of instructional staff (full- and part-time), Fall 2023.As filed
44.4%
26th percentile in peer grouppeer median 53.2%
context, not scored
Fall 202329 peers
Women as a share of all instructional staff, full- and part-time combined (IPEDS Human Resources, Fall 2023). A gender-composition signal for the teaching workforce. Context metric, not better or worse. Shown as a position within the peer group, not as a score.
Faculty of color shareU.S. faculty of color as a share of instructional staff, Fall 2023.As filed
26.5%
57th percentile in peer grouppeer median 24.3%
context, not scored
Fall 202329 peers
Instructional staff who are American Indian/Alaska Native, Asian, Black, Hispanic, Native Hawaiian/Pacific Islander, or two-or-more races, as a share of all instructional staff (IPEDS Human Resources, Fall 2023). Nonresident and race-unknown staff are excluded from the numerator. Context metric, not better or worse. Shown as a position within the peer group, not as a score.
Direct competitors within 100 miCount of other institutions within 100 miles. Scored as lower-is-better because it is used here as a competitive-pressure signal for the institution, not as a benefit to students.Number of institutions in the same peer group within 100 miles.Calculated from filings
Below peers
3
98th percentile in peer grouppeer median 0
lower is better
2024-25 (Scorecard universe)29 peers
How many institutions in the same Ibex peer group, the schools most likely to compete for the same students, sit within roughly 100 miles. For most schools the peer group is the same Carnegie classification and control. Schools in small classes sit in broader fallback groups by level, sector or region (see Peer groups in the methodology), and for them the count is looser. A higher count means a more crowded local market and a harder yield fight, which matters most as the regional pool of high school graduates shrinks. A low count means the school has its catchment largely to itself. Distance is straight-line from campus coordinates. Banded against the school's peer group. Fewer is better for recruiting power.
Metro-area unemployment rateUnemployment rate in the school's metro area, ACS 2020-24.As filed
Below peers
6.8%
75th percentile in peer grouppeer median 5.5%
lower is better
ACS 2020-2428 peers
The civilian unemployment rate in the school's metropolitan or micropolitan area (US Census ACS 2020-24, mapped by the school's federal CBSA code). It is a proxy for local labor demand: a lower rate means a tighter job market, a stronger near-term destination for graduates and a smaller pool of working adults to recruit. It describes the local economy, not the school. Schools outside any metro area are not scored. Banded against the school's peer group.
On-campus crime rateOn-campus criminal offenses per 1,000 students, 2024 (Clery Act).As filed
Strong
0 per 1k
24th percentile in peer grouppeer median 0.5 per 1k
lower is better
2024 (Clery)29 peers
Criminal offenses reported on campus in 2024 (murder, manslaughter, the four sex-offense categories, robbery, aggravated assault, burglary, motor-vehicle theft and arson) per 1,000 students, from the school's federal Clery Act filing. Offenses are summed across the institution's campuses and divided by its total enrollment. A higher number does not always mean a more dangerous school: thorough reporting and dense residential campuses raise it. Lower is generally safer. Banded against the school's peer group.
Enrollment cliff (home state)Projected change in the institution's home-state high-school graduates from 2025 to 2041 (WICHE). The U.S. total falls about 13%. This is a directional feeder-market signal, not an enrollment forecast.External projection
Moderate decline
-2.8%
WICHE 2024 (11th ed.) projection
Projected change in the number of high-school graduates in the institution's HOME STATE from the class of 2025 (the national peak) to 2041, per WICHE's Knocking at the College Door, 11th Edition (Dec 2024). The 'enrollment cliff' is the post-2008 birth decline reaching college age. The U.S. total is projected to fall about 13% over this window. A college recruits from many states, so its home-state projection is an indicative directional signal of feeder-market pressure, not a forecast of that institution's own enrollment. A projection, not a measurement: WICHE's state-level forecast of high-school graduates. It describes the pool a school recruits from, not the school's own enrollment.
Shown exactly as the institution filed it. The value falls outside the normal range for this measure, which usually means a reporting quirk rather than a real figure, so read it with care.
Wikipedia pageviews (monthly)Average monthly English-Wikipedia pageviews, trailing 12 months.As filed
968
36th percentile in peer grouppeer median 1,241
context, not scored
trailing 12 mo (Wikipedia)18 peers
Average monthly views of the institution's English-Wikipedia article over the trailing 12 months (Wikimedia REST API), counting human readers only (automated crawlers excluded) and following a renamed article to its current title. A top-of-funnel public-attention proxy: how often people look the school up. Reported only where a matching Wikipedia article exists. Context metric, not better or worse. Shown as a position within the peer group, not as a score.
In-state HS graduatesPublic + private high-school graduates in the school's state, class of 2025.External projection
111,084
57th percentile in peer grouppeer median 104,008
context, not scored
Class of 2025 (WICHE)27 peers
The size of the school's home-state high-school graduating class in 2025 (WICHE Knocking at the College Door, public and private combined). It is the near-term in-state feeder market, the complement to the enrollment-cliff projection, which shows the direction that market is heading. Context metric, not better or worse. Shown as a position within the peer group, not as a score.
Net tuition revenue momentum (CAGR)Net tuition revenue momentum (CAGR).Modelled by Ibex
6%
95th percentile in peer grouppeer median 2.1%
context, not scored
2020-21 to 2024-25 (Scorecard)29 peers
Compound annual growth rate of net tuition revenue per full-time-equivalent student over the tracked years, in nominal dollars (not adjusted for inflation). This is what the institution collects per student after its own discounts, not the net price a family pays (see Net price for that). A rising rate strengthens revenue but can strain affordability and yield, so it is shown as context rather than scored. Compared with the school's peer group. The window shown is the one this school's own figure was measured over: it is shorter where the series starts late, ends early, or is cut at a reporting change, so peers are not all measured over identical years.
Where these numbers come from
Every figure on this page carries one of these labels. They are not degrees of confidence: a projection is not a worse number than a filing, it is a different kind of claim, and the distinction is invisible when both are set in the same grey card.
As filedThis is the institution's own figure as filed with a federal collection, or a federal agency's own published figure about it. Ibex has not adjusted it.
Calculated from filingsCalculated by Ibex from figures in the same federal filing, using nothing but arithmetic: a share, a ratio, or an amount per student. It is exactly as sound as the filed numbers it divides.
Blended indexA blend of several other measures on this page, combined by Ibex. The components and how they are weighted are listed in this metric's description. Reasonable people could weight them differently and get a different score.
Modelled by IbexFitted or extrapolated by Ibex from the institution's reported history. This number appears in no federal file: it is a summary of a trend, and it inherits every irregularity in the years it was fitted through.
External projectionBuilt on an external projection about the future, published by a research body rather than measured. Projections are revised as the underlying assumptions change, and this one describes a scenario, not a fact.
Regulator / auditor findingA finding published by a regulator or an independent auditor about this institution. It is a statement someone made in writing, not a measurement Ibex or the school took.
Top fields of study (all levels)
Hackensack Meridian School of Medicine’s largest fields by completions, with graduate earnings (4 years out) and debt benchmarked against the same field at its peer group. Sparklines show the 8-year completions trend.
| Field | Completions / yr | Median earnings, 4 yrs out | Median debt | Earnings premium | Risk score |
|---|---|---|---|---|---|
| Health Professions & Clinical Sciences | 63 | – | – | – | – |
Earnings-premium status is an indicative estimate: median graduate earnings four years out vs the NJ state median earnings of a high-school graduate (undergraduate credentials) or a bachelor’s-degree holder (graduate credentials) from the U.S. Census Bureau’s American Community Survey (2020-24). The official U.S. Department of Education determination uses its own cohort definition and may differ.
The risk score (0–100) is an indicative blend of earnings-premium margin and the yearly completions growth rate, higher means a field pays closer to (or below) the benchmark and is shrinking. A directional screen, not an official determination.
Major-level detail (CIP 4-digit)
Health Professions & Clinical Sciences – 1 CIP program (4-digit), 0 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| MedicineCIP 5112 › | 63 | – | – | – | – | – | – | – |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 0 of 1 major shows an earnings figure. The rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases. A small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative. The Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
See the interactive dashboard for all fields and credential levels (associate through doctoral). Source: College Scorecard Field of Study.
Frequently asked
How financially healthy is Hackensack Meridian School of Medicine?
On the NACUBO Composite Financial Index (the −4 to 10 balance-sheet score accreditors and institutional boards use), Hackensack Meridian School of Medicine scores 4.5 (Stable), computed from its IPEDS FY2022-23 finances. This is informational benchmarking, not a credit rating.
Which schools are Hackensack Meridian School of Medicine's peers?
Hackensack Meridian School of Medicine is benchmarked against 29 institutions in the Special Focus: Medical Schools and Centers · Private nonprofit peer group. All percentiles and medians on this page are computed within that group.
Compare with peers
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Source: U.S. Department of Education, College Scorecard & IPEDS (most recent releases), with the U.S. Census Bureau (ACS), the U.S. Bureau of Labor Statistics (Employment Projections, field-demand outlook) and WICHE (enrollment-cliff projections). Most figures lag the current academic year by two to three years; earnings and debt come from the 2020-21 file and a few measures from older files, and each card states its own data year. Percentiles and medians are computed within the institution's peer group. Financial Resilience is a transparent composite, see each component above. Compiled by Ibex Insights.