Atlantic Health Systems Inc
Atlantic Health Systems: Strong Financials, High Executive Pay
EIN: 222888648 · Basking Ridge, NJ · NTEE: E60 · Updated: 2026-04-04
Is Atlantic Health Systems Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atlantic Health Systems Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Atlantic Health Systems Inc
Atlantic Health Systems Inc (EIN: 222888648) is a nonprofit organization based in Basking Ridge, NJ, classified under NTEE code E60. The organization reported total revenue of $13.8M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlantic Health Systems Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlantic Health Systems Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Atlantic Health Systems Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears high, with the CEO's reported compensation in 2019 at $5,456,266, which is a significant portion of the organization's revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Atlantic Health Systems Inc's IRS 990 filings:
- High executive compensation relative to revenue, with the CEO's compensation at $5,456,266 in 2019.
- Lack of a dedicated public transparency or impact report beyond standard financial filings.
Strengths
The following positive indicators were identified for Atlantic Health Systems Inc:
- Consistently strong revenue generation over the past several years.
- Significant asset base of $6,955,740 in 2019, indicating financial stability.
- Consistent operational surplus (revenue 'r' generally exceeds expenses 'x').
Frequently Asked Questions about Atlantic Health Systems Inc
Is Atlantic Health Systems Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlantic Health Systems Inc (EIN: 222888648) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Atlantic Health Systems Inc spend its money?
Atlantic Health Systems Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atlantic Health Systems Inc tax-deductible?
Atlantic Health Systems Inc is registered as a tax-exempt nonprofit (EIN: 222888648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Atlantic Health Systems Inc do?
Atlantic Health Systems Inc is a nonprofit organization in the Health Care sector, located in Basking Ridge, New Jersey. It is classified under NTEE code E60.
How much revenue does Atlantic Health Systems Inc have?
Atlantic Health Systems Inc reported total revenue of $13,836,832. Based on 9 IRS 990 filings on record.
What are Atlantic Health Systems Inc's total assets?
Atlantic Health Systems Inc holds total assets of $6,955,740 as reported in IRS 990 filings.
Where is Atlantic Health Systems Inc located?
Atlantic Health Systems Inc is based in Basking Ridge, New Jersey.
What is Atlantic Health Systems Inc's EIN?
Atlantic Health Systems Inc's Employer Identification Number (EIN) is 222888648. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Atlantic Health Systems Inc?
Atlantic Health Systems Inc is classified under NTEE code E60 (Health Care).
Is Atlantic Health Systems Inc a registered 501(c)(3)?
Yes, Atlantic Health Systems Inc is recognized as a tax-exempt organization by the IRS. EIN: 222888648.
Does Atlantic Health Systems Inc file IRS Form 990?
Yes, Atlantic Health Systems Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 201912.
What was Atlantic Health Systems Inc's revenue in 2019?
In the 201912 filing period, Atlantic Health Systems Inc reported total revenue of $5,235,670, total expenses of $23,784,958, and net assets of $6,955,740.
Is Atlantic Health Systems Inc's revenue growing or declining?
Atlantic Health Systems Inc's revenue is declining. Revenue went from $6,736,974 (201812) to $5,235,670 (201912), a -22.3% change. Based on 9 filings on record.
What is Atlantic Health Systems Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Atlantic Health Systems Inc covers tax period 201912. It shows revenue of $5,235,670, expenses of $23,784,958, total assets of $6,955,740, and liabilities of $5,456,266.
How much does Atlantic Health Systems Inc spend on programs vs administration?
Based on IRS 990 analysis, Atlantic Health Systems Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Atlantic Health Systems Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Atlantic Health Systems Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Atlantic Health Systems Inc?
The following concerns were identified: High executive compensation relative to revenue, with the CEO's compensation at $5,456,266 in 2019.. Lack of a dedicated public transparency or impact report beyond standard financial filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Atlantic Health Systems Inc's strengths?
Positive indicators for Atlantic Health Systems Inc include: Consistently strong revenue generation over the past several years.. Significant asset base of $6,955,740 in 2019, indicating financial stability.. Consistent operational surplus (revenue 'r' generally exceeds expenses 'x').. These findings are derived from AI analysis of the organization's financial filings.
How does Atlantic Health Systems Inc compensate executives?
Executive compensation appears high, with the CEO's reported compensation in 2019 at $5,456,266, which is a significant portion of the organization's revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Atlantic Health Systems justify the substantial increase in CEO compensation from $332,670 in 2012 to $5,456,266 in 2019, especially in relation to the organization's overall growth and mission?
The provided data shows a significant increase in CEO compensation over the years. While the organization has grown in revenue and assets, the jump in compensation from $332,670 in 2012 to $5,456,266 in 2019 warrants further explanation regarding performance metrics or market comparisons used for such a substantial increase.
Filing History
IRS 990 filing history for Atlantic Health Systems Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Atlantic Health Systems Inc's revenue has grown by 46.6%, moving from $3.6M to $5.2M. Total assets decreased by 56.7% over the same period, from $16.1M to $7.0M. Total functional expenses rose by 821.1%, from $2.6M to $23.8M. In its most recent filing year (2019), Atlantic Health Systems Inc reported a deficit of $18.5M, with expenses exceeding revenue. The organization holds $5.5M in liabilities against $7.0M in assets (debt-to-asset ratio: 78.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $5.2M | $23.8M | $7.0M | $5.5M | — | View 990 |
| 2018 | $6.7M | $4.4M | $18.7M | $701K | — | View 990 |
| 2017 | $5.4M | $4.3M | $19.2M | $584K | — | View 990 |
| 2016 | $5.1M | $4.2M | $22.6M | $544K | — | View 990 |
| 2015 | $5.6M | $4.1M | $21.3M | $516K | — | View 990 |
| 2014 | $5.3M | $4.2M | $20.5M | $430K | — | View 990 |
| 2013 | $5.0M | $3.8M | $19.4M | $444K | — | View 990 |
| 2012 | $4.1M | $3.2M | $17.5M | $333K | — | View 990 |
| 2011 | $3.6M | $2.6M | $16.1M | $338K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $5.2M, expenses of $23.8M, and assets of $7.0M (revenue -22.3% year-over-year).
- 2018: Revenue of $6.7M, expenses of $4.4M, and assets of $18.7M (revenue +25.2% year-over-year).
- 2017: Revenue of $5.4M, expenses of $4.3M, and assets of $19.2M (revenue +6.4% year-over-year).
- 2016: Revenue of $5.1M, expenses of $4.2M, and assets of $22.6M (revenue -9.2% year-over-year).
- 2015: Revenue of $5.6M, expenses of $4.1M, and assets of $21.3M (revenue +6.0% year-over-year).
- 2014: Revenue of $5.3M, expenses of $4.2M, and assets of $20.5M (revenue +5.8% year-over-year).
- 2013: Revenue of $5.0M, expenses of $3.8M, and assets of $19.4M (revenue +20.7% year-over-year).
- 2012: Revenue of $4.1M, expenses of $3.2M, and assets of $17.5M (revenue +15.2% year-over-year).
- 2011: Revenue of $3.6M, expenses of $2.6M, and assets of $16.1M.
Data Sources and Methodology
This transparency report for Atlantic Health Systems Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.