Is Monmouth Medical Center Southern Campus Foundation Inc Legit?
Quick charity verification for Monmouth Medical Center Southern Campus Foundation Inc (EIN: 222630076)
Verdict: Monmouth Medical Center Southern Campus Foundation Inc appears trustworthy
85/100Mission Score
$1.4MRevenue
$6.2MAssets
2Red Flags
4Strengths
Red Flags
Declining revenue trend from $1,963,838 in 2022 to $1,686,956 in 2023, a decrease of approximately 14%.
Consistent reporting of 0% compensation, which, while efficient for the foundation, shifts the transparency burden for executive salaries to the parent organization.
Strengths
High percentage of spending allocated to programs (90%), indicating a strong focus on its mission.
Healthy asset base, with $5,854,556 in 2023, providing financial stability.
Low administrative and fundraising costs (5% each), demonstrating efficient operations.
Consistent financial reporting over several years, enhancing transparency.
AI Transparency Report
Monmouth Medical Center Southern Campus Foundation Inc is a health care nonprofit based in Oceanport, New Jersey, with reported revenue of $1.4M and assets of $6.2M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. • The foundation consistently reports 0% compensation, indicating all staff are likely employed by the main hospital or a related entity, which can obscure true administrative costs.
• Financial filings are readily available, providing a clear historical view of revenue and expenses.
• The organization's legal structure as a foundation for a larger medical center implies a focus on fundraising for specific hospital initiatives. Executive compensation is reported as $0 across all available filings, suggesting that executive salaries are covered by the parent Monmouth Medical Center Southern Campus, making it impossible to assess the foundation's specific executive compensation practices. Revenue has declined -16% across 13 filing periods.