Centrastate Medical Center Inc
Centrastate Medical Center: Stable Finances, High Program Spending
EIN: 221750190 · Freehold, NJ · NTEE: E220 · Updated: 2026-04-04
About Centrastate Medical Center Inc
Centrastate Medical Center Inc (EIN: 221750190) is a nonprofit organization based in Freehold, NJ, classified under NTEE code E220. The organization reported total revenue of $406.4M and total assets of $487.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centrastate Medical Center 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 Centrastate Medical Center 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, Centrastate Medical Center 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.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags indicating excessive pay.
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.
Strengths
The following positive indicators were identified for Centrastate Medical Center Inc:
- Consistent revenue growth over the past several years, from $278,594,071 in 2016 to $406,412,886 in 2023.
- Healthy asset base of $487,440,869 in 2023, indicating strong financial stability.
- Positive net income in most recent years, demonstrating effective financial management.
Frequently Asked Questions about Centrastate Medical Center Inc
What does Centrastate Medical Center Inc do?
Centrastate Medical Center Inc is a nonprofit organization in the Health Care sector, located in Freehold, New Jersey. It is classified under NTEE code E220.
How much revenue does Centrastate Medical Center Inc have?
Centrastate Medical Center Inc reported total revenue of $406,412,886. Based on 13 IRS 990 filings on record.
What are Centrastate Medical Center Inc's total assets?
Centrastate Medical Center Inc holds total assets of $487,440,869 as reported in IRS 990 filings.
Where is Centrastate Medical Center Inc located?
Centrastate Medical Center Inc is based in Freehold, New Jersey.
What is Centrastate Medical Center Inc's EIN?
Centrastate Medical Center Inc's Employer Identification Number (EIN) is 221750190. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Centrastate Medical Center Inc?
Centrastate Medical Center Inc is classified under NTEE code E220 (Health Care).
Is Centrastate Medical Center Inc a registered 501(c)(3)?
Yes, Centrastate Medical Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 221750190.
Does Centrastate Medical Center Inc file IRS Form 990?
Yes, Centrastate Medical Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Centrastate Medical Center Inc's revenue in 2023?
In the 202312 filing period, Centrastate Medical Center Inc reported total revenue of $384,276,165, total expenses of $387,147,617, and net assets of $442,523,512.
Is Centrastate Medical Center Inc's revenue growing or declining?
Centrastate Medical Center Inc's revenue is growing. Revenue went from $353,792,707 (202212) to $384,276,165 (202312), a +8.6% change. Based on 13 filings on record.
What is Centrastate Medical Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Centrastate Medical Center Inc covers tax period 202312. It shows revenue of $384,276,165, expenses of $387,147,617, total assets of $442,523,512, and liabilities of $189,553,750.
How much does Centrastate Medical Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Centrastate Medical Center Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Centrastate Medical Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Centrastate Medical Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Centrastate Medical Center Inc's strengths?
Positive indicators for Centrastate Medical Center Inc include: Consistent revenue growth over the past several years, from $278,594,071 in 2016 to $406,412,886 in 2023.. Healthy asset base of $487,440,869 in 2023, indicating strong financial stability.. Positive net income in most recent years, demonstrating effective financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Centrastate Medical Center Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags indicating excessive pay. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Centrastate Medical Center managed to achieve consistent revenue growth despite potential healthcare industry pressures?
Centrastate Medical Center has shown consistent revenue growth, increasing from $278,594,071 in 2016 to $406,412,886 in 2023. This suggests effective strategic planning, potentially through service expansion, strong patient retention, or successful adaptation to market changes within the Freehold, NJ area.
What is the trend in the organization's liabilities relative to its assets, and what does this imply about its financial risk?
Centrastate's liabilities have fluctuated but generally remained manageable relative to its assets. For instance, in 2023, liabilities were $189,553,750 against assets of $442,523,512 (from 202312 filing data). This indicates a healthy asset-to-liability ratio, suggesting a low financial risk profile and strong solvency.
Filing History
IRS 990 filing history for Centrastate Medical Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Centrastate Medical Center Inc's revenue has grown by 59.6%, moving from $240.8M to $384.3M. Total assets increased by 25.4% over the same period, from $353.0M to $442.5M. Total functional expenses rose by 75.3%, from $220.8M to $387.1M. In its most recent filing year (2023), Centrastate Medical Center Inc reported a deficit of $2.9M, with expenses exceeding revenue. The organization holds $189.6M in liabilities against $442.5M in assets (debt-to-asset ratio: 42.8%), resulting in net assets of $253.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $384.3M | $387.1M | $442.5M | $189.6M | — | View 990 |
| 2022 | $353.8M | $379.6M | $400.0M | $167.4M | — | View 990 |
| 2021 | $348.8M | $343.5M | $418.0M | $182.3M | — | View 990 |
| 2020 | $305.6M | $299.6M | $428.9M | $198.8M | — | View 990 |
| 2019 | $314.2M | $295.0M | $369.4M | $149.8M | — | View 990 |
| 2018 | $301.0M | $283.5M | $338.6M | $145.4M | — | View 990 |
| 2017 | $280.5M | $280.6M | $342.9M | $152.0M | — | — |
| 2016 | $278.6M | $272.4M | $344.7M | $161.9M | — | View 990 |
| 2015 | $269.9M | $261.2M | $340.0M | $169.4M | — | View 990 |
| 2014 | $252.1M | $248.7M | $375.4M | $170.8M | — | View 990 |
| 2013 | $243.7M | $240.8M | $371.2M | $171.0M | — | View 990 |
| 2012 | $244.5M | $232.9M | $368.1M | $176.4M | — | View 990 |
| 2011 | $240.8M | $220.8M | $353.0M | $176.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $384.3M, expenses of $387.1M, and assets of $442.5M (revenue +8.6% year-over-year).
- 2022: Revenue of $353.8M, expenses of $379.6M, and assets of $400.0M (revenue +1.4% year-over-year).
- 2021: Revenue of $348.8M, expenses of $343.5M, and assets of $418.0M (revenue +14.1% year-over-year).
- 2020: Revenue of $305.6M, expenses of $299.6M, and assets of $428.9M (revenue -2.7% year-over-year).
- 2019: Revenue of $314.2M, expenses of $295.0M, and assets of $369.4M (revenue +4.4% year-over-year).
- 2018: Revenue of $301.0M, expenses of $283.5M, and assets of $338.6M (revenue +7.3% year-over-year).
- 2017: Revenue of $280.5M, expenses of $280.6M, and assets of $342.9M (revenue +0.7% year-over-year).
- 2016: Revenue of $278.6M, expenses of $272.4M, and assets of $344.7M (revenue +3.2% year-over-year).
- 2015: Revenue of $269.9M, expenses of $261.2M, and assets of $340.0M (revenue +7.1% year-over-year).
- 2014: Revenue of $252.1M, expenses of $248.7M, and assets of $375.4M (revenue +3.5% year-over-year).
- 2013: Revenue of $243.7M, expenses of $240.8M, and assets of $371.2M (revenue -0.3% year-over-year).
- 2012: Revenue of $244.5M, expenses of $232.9M, and assets of $368.1M (revenue +1.5% year-over-year).
- 2011: Revenue of $240.8M, expenses of $220.8M, and assets of $353.0M.
Data Sources and Methodology
This transparency report for Centrastate Medical Center 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.