Atlanticare Health System Inc
Atlanticare Health System: Strong Financials, High Executive Pay
EIN: 221901742 · Pleasantville, NJ · NTEE: F220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $21.3M |
| Total Expenses | $20.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1,551,403 |
| Net Assets | $7.6M |
| Transparency Score | 85/100 |
Is Atlanticare Health System Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atlanticare Health System Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Atlanticare Health System Inc
Atlanticare Health System Inc (EIN: 221901742) is a nonprofit organization based in Pleasantville, NJ, classified under NTEE code F220. The organization reported total revenue of $21.3M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlanticare Health System Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atlanticare Health System Inc is a large nonprofit that has been operating for 15 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.0M |
| Total Expenses | $20.1M |
| Surplus / Deficit | +$829K |
| Total Assets | $23.1M |
| Total Liabilities | $15.5M |
| Net Assets | $7.6M |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 67.1% |
| Months of Reserves | 13.8 months |
Financial Health Grade: A
In 2022, Atlanticare Health System Inc reported a surplus of $829K with revenue exceeding expenses, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 67.1% (high leverage).
Financial Trends
Over 11 years of filings (2012–2022), Atlanticare Health System Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +17.6% | +19.0% | -0.7% |
| 2021 | +54.1% | +38.4% | -7.7% |
| 2020 | -4.3% | +3.4% | +145.4% |
| 2019 | -2.0% | +4.5% | +10.4% |
| 2018 | +0.5% | +9.1% | +19.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlanticare Health System 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: 85%
- fundraising: 5%
According to IRS 990 filings, Atlanticare Health System Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $829K, with revenue exceeding expenses.
- Debt-to-asset ratio: 67.1%.
Executive Compensation Analysis
Executive compensation appears high, with the CEO's total compensation reported at $1,551,403 in 2022, which is substantial given 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 Atlanticare Health System Inc's IRS 990 filings:
- High executive compensation relative to the organization's size and mission, with the CEO receiving over $1.5 million in 2022.
- While assets have grown significantly over the years, the proportion of liabilities has also increased, warranting closer monitoring.
Strengths
The following positive indicators were identified for Atlanticare Health System Inc:
- Consistent revenue growth over the past several years, indicating strong financial health.
- Significant asset growth from $2,078,417 in 2015 to $23,111,997 in 2022, demonstrating robust financial management.
- Positive net assets (assets exceeding liabilities) in all reported years, indicating financial stability.
- Clear and consistent financial reporting through publicly available filings.
Frequently Asked Questions about Atlanticare Health System Inc
Is Atlanticare Health System Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlanticare Health System Inc (EIN: 221901742) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Atlanticare Health System Inc spend its money?
Atlanticare Health System Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atlanticare Health System Inc tax-deductible?
Atlanticare Health System Inc is registered as a tax-exempt nonprofit (EIN: 221901742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Atlanticare Health System Inc CEO make?
Atlanticare Health System Inc's highest-compensated officer earns $1,551,403 annually. The organization reported $21.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Atlanticare Health System Inc's spending goes to programs?
Atlanticare Health System Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Atlanticare Health System Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Atlanticare Health System Inc is above average for NTEE category F220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Atlanticare Health System Inc located?
Atlanticare Health System Inc is headquartered in Pleasantville, New Jersey and files with the IRS under EIN 221901742. It is classified under NTEE code F220.
How many years of IRS 990 filings does Atlanticare Health System Inc have?
Atlanticare Health System Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $21.3M in total revenue.
What does Atlanticare Health System Inc do?
Atlanticare Health System Inc is a nonprofit organization in the Mental Health & Crisis Intervention sector, located in Pleasantville, New Jersey. It is classified under NTEE code F220.
How much revenue does Atlanticare Health System Inc have?
Atlanticare Health System Inc reported total revenue of $21,290,948. Based on 11 IRS 990 filings on record.
What are Atlanticare Health System Inc's total assets?
Atlanticare Health System Inc holds total assets of $23,111,997 as reported in IRS 990 filings.
Where is Atlanticare Health System Inc located?
Atlanticare Health System Inc is based in Pleasantville, New Jersey.
What is Atlanticare Health System Inc's EIN?
Atlanticare Health System Inc's Employer Identification Number (EIN) is 221901742. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Atlanticare Health System Inc?
Atlanticare Health System Inc is classified under NTEE code F220 (Mental Health & Crisis Intervention).
Is Atlanticare Health System Inc a registered 501(c)(3)?
Yes, Atlanticare Health System Inc is recognized as a tax-exempt organization by the IRS. EIN: 221901742.
Does Atlanticare Health System Inc file IRS Form 990?
Yes, Atlanticare Health System Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202206.
What was Atlanticare Health System Inc's revenue in 2022?
In the 202206 filing period, Atlanticare Health System Inc reported total revenue of $20,955,192, total expenses of $20,126,120, and net assets of $23,111,997.
Is Atlanticare Health System Inc's revenue growing or declining?
Atlanticare Health System Inc's revenue is growing. Revenue went from $17,818,306 (202106) to $20,955,192 (202206), a +17.6% change. Based on 11 filings on record.
What is Atlanticare Health System Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Atlanticare Health System Inc covers tax period 202206. It shows revenue of $20,955,192, expenses of $20,126,120, total assets of $23,111,997, and liabilities of $15,514,039.
How much does Atlanticare Health System Inc spend on programs vs administration?
Based on IRS 990 analysis, Atlanticare Health System Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Atlanticare Health System Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Atlanticare Health System Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Atlanticare Health System Inc?
The following concerns were identified: High executive compensation relative to the organization's size and mission, with the CEO receiving over $1.5 million in 2022.. While assets have grown significantly over the years, the proportion of liabilities has also increased, warranting closer monitoring.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Atlanticare Health System Inc's strengths?
Positive indicators for Atlanticare Health System Inc include: Consistent revenue growth over the past several years, indicating strong financial health.. Significant asset growth from $2,078,417 in 2015 to $23,111,997 in 2022, demonstrating robust financial management.. Positive net assets (assets exceeding liabilities) in all reported years, indicating financial stability.. Clear and consistent financial reporting through publicly available filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Atlanticare Health System Inc compensate executives?
Executive compensation appears high, with the CEO's total compensation reported at $1,551,403 in 2022, which is substantial given the organization's revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Atlanticare Health System managed to achieve such substantial asset growth while maintaining a relatively stable liability-to-asset ratio?
Atlanticare Health System has consistently reinvested its revenues and managed its expenses effectively, leading to a steady accumulation of assets. While liabilities have grown, they have generally grown in proportion to assets, indicating controlled financial leverage rather than excessive debt.
What specific programs or initiatives have contributed most to the organization's revenue growth from $9.1 million in 2015 to over $20 million in 2022?
The provided data does not specify individual programs or initiatives. However, the consistent increase in revenue suggests successful expansion of healthcare services, effective patient acquisition strategies, and potentially favorable reimbursement rates within the healthcare sector.
Filing History
IRS 990 filing history for Atlanticare Health System Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Atlanticare Health System Inc's revenue has grown by 147.9%, moving from $8.5M to $21.0M. Total assets increased by 791.8% over the same period, from $2.6M to $23.1M. Total functional expenses rose by 137.6%, from $8.5M to $20.1M. In its most recent filing year (2022), Atlanticare Health System Inc reported a surplus of $829K, with revenue exceeding expenses. The organization holds $15.5M in liabilities against $23.1M in assets (debt-to-asset ratio: 67.1%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $21.0M | $20.1M | $23.1M | $15.5M | — | View 990 |
| 2021 | $17.8M | $16.9M | $23.3M | $16.5M | — | View 990 |
| 2020 | $11.6M | $12.2M | $25.2M | $19.4M | — | View 990 |
| 2019 | $12.1M | $11.8M | $10.3M | $3.2M | — | View 990 |
| 2018 | $12.3M | $11.3M | $9.3M | $2.4M | — | View 990 |
| 2017 | $12.3M | $10.4M | $7.8M | $2.0M | — | View 990 |
| 2016 | $12.5M | $8.7M | $6.4M | $2.4M | — | View 990 |
| 2015 | $9.1M | $9.1M | $2.1M | $1.9M | — | View 990 |
| 2014 | $8.5M | $8.5M | $2.8M | $2.6M | — | View 990 |
| 2013 | $8.4M | $8.6M | $2.5M | $2.4M | — | View 990 |
| 2012 | $8.5M | $8.5M | $2.6M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $21.0M, expenses of $20.1M, and assets of $23.1M (revenue +17.6% year-over-year).
- 2021: Revenue of $17.8M, expenses of $16.9M, and assets of $23.3M (revenue +54.1% year-over-year).
- 2020: Revenue of $11.6M, expenses of $12.2M, and assets of $25.2M (revenue -4.3% year-over-year).
- 2019: Revenue of $12.1M, expenses of $11.8M, and assets of $10.3M (revenue -2.0% year-over-year).
- 2018: Revenue of $12.3M, expenses of $11.3M, and assets of $9.3M (revenue +0.5% year-over-year).
- 2017: Revenue of $12.3M, expenses of $10.4M, and assets of $7.8M (revenue -1.9% year-over-year).
- 2016: Revenue of $12.5M, expenses of $8.7M, and assets of $6.4M (revenue +37.4% year-over-year).
- 2015: Revenue of $9.1M, expenses of $9.1M, and assets of $2.1M (revenue +6.8% year-over-year).
- 2014: Revenue of $8.5M, expenses of $8.5M, and assets of $2.8M (revenue +1.0% year-over-year).
- 2013: Revenue of $8.4M, expenses of $8.6M, and assets of $2.5M (revenue -0.2% year-over-year).
- 2012: Revenue of $8.5M, expenses of $8.5M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlanticare Health System Inc:
Data Sources and Methodology
This transparency report for Atlanticare Health System 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.