Foundation For Hackettstown Medical Center
Foundation For Hackettstown Medical Center: Consistent Revenue, Declining Assets
EIN: 222333410 · Hackettstown, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $624K |
| Total Expenses | $404K |
| Program Spending | 80% |
| Net Assets | $3.7M |
| Transparency Score | 75/100 |
Is Foundation For Hackettstown Medical Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Hackettstown Medical Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Hackettstown Medical Center
Foundation For Hackettstown Medical Center (EIN: 222333410) is a nonprofit organization based in Hackettstown, NJ. The organization reported total revenue of $624K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Hackettstown Medical Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Hackettstown Medical Center is a small nonprofit that has been operating for 45 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $436K |
| Total Expenses | $404K |
| Surplus / Deficit | +$32K |
| Total Assets | $3.8M |
| Total Liabilities | $130K |
| Net Assets | $3.7M |
| Operating Margin | 7.3% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 114.2 months |
Financial Health Grade: A
In 2023, Foundation For Hackettstown Medical Center reported a surplus of $32K with revenue exceeding expenses, holds 114.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Foundation For Hackettstown Medical Center's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +24.4% | +2.7% |
| 2022 | +0.4% | +7.5% | -12.7% |
| 2021 | -0.6% | -15.8% | +12.3% |
| 2020 | +47.7% | +22.5% | +18.8% |
| 2019 | -50.1% | -89.8% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Foundation For Hackettstown Medical Center with a Mission Score of 75 out of 100 (Good). 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, Foundation For Hackettstown Medical Center 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment impossible without further information.
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 Foundation For Hackettstown Medical Center's IRS 990 filings:
- Total assets have shown a significant decline from $4,290,590 in 2021 to $3,847,403 in 2023, warranting further investigation into the cause.
- The large 'x' value in 2018 ($2,873,923) compared to other years suggests a potential one-time event or reporting anomaly that needs clarification.
Strengths
The following positive indicators were identified for Foundation For Hackettstown Medical Center:
- The organization consistently reports revenue and expenses, indicating a stable operational presence.
- Liabilities remain relatively low across all reported years, suggesting good financial management in terms of debt.
Frequently Asked Questions about Foundation For Hackettstown Medical Center
Is Foundation For Hackettstown Medical Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Hackettstown Medical Center (EIN: 222333410) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Foundation For Hackettstown Medical Center spend its money?
Foundation For Hackettstown Medical Center directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For Hackettstown Medical Center tax-deductible?
Foundation For Hackettstown Medical Center is registered as a tax-exempt nonprofit (EIN: 222333410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation For Hackettstown Medical Center's spending goes to programs?
Foundation For Hackettstown Medical Center directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Foundation For Hackettstown Medical Center located?
Foundation For Hackettstown Medical Center is headquartered in Hackettstown, New Jersey and files with the IRS under EIN 222333410.
How many years of IRS 990 filings does Foundation For Hackettstown Medical Center have?
Foundation For Hackettstown Medical Center has 14 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 $624K in total revenue.
What does Foundation For Hackettstown Medical Center do?
Foundation For Hackettstown Medical Center is a nonprofit organization in the Unknown sector, located in Hackettstown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Foundation For Hackettstown Medical Center have?
Foundation For Hackettstown Medical Center reported total revenue of $623,682. Based on 14 IRS 990 filings on record.
What are Foundation For Hackettstown Medical Center's total assets?
Foundation For Hackettstown Medical Center holds total assets of $4,082,641 as reported in IRS 990 filings.
Where is Foundation For Hackettstown Medical Center located?
Foundation For Hackettstown Medical Center is based in Hackettstown, New Jersey.
What is Foundation For Hackettstown Medical Center's EIN?
Foundation For Hackettstown Medical Center's Employer Identification Number (EIN) is 222333410. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Foundation For Hackettstown Medical Center?
Foundation For Hackettstown Medical Center is classified under NTEE code Unknown (Unknown).
Is Foundation For Hackettstown Medical Center a registered 501(c)(3)?
Foundation For Hackettstown Medical Center appears in IRS records (EIN: 222333410). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Foundation For Hackettstown Medical Center file IRS Form 990?
Yes, Foundation For Hackettstown Medical Center has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Foundation For Hackettstown Medical Center's revenue in 2023?
In the 202312 filing period, Foundation For Hackettstown Medical Center reported total revenue of $436,211, total expenses of $404,307, and net assets of $3,847,403.
Is Foundation For Hackettstown Medical Center's revenue growing or declining?
Foundation For Hackettstown Medical Center's revenue is growing. Revenue went from $376,052 (202212) to $436,211 (202312), a +16.0% change. Based on 14 filings on record.
What is Foundation For Hackettstown Medical Center's most recent 990 filing?
The most recent IRS Form 990 filing for Foundation For Hackettstown Medical Center covers tax period 202312. It shows revenue of $436,211, expenses of $404,307, total assets of $3,847,403, and liabilities of $130,434.
How much does Foundation For Hackettstown Medical Center spend on programs vs administration?
Based on IRS 990 analysis, Foundation For Hackettstown Medical Center allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Foundation For Hackettstown Medical Center a trustworthy charity?
Based on AI analysis of IRS 990 data, Foundation For Hackettstown Medical Center appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Foundation For Hackettstown Medical Center?
The following concerns were identified: Total assets have shown a significant decline from $4,290,590 in 2021 to $3,847,403 in 2023, warranting further investigation into the cause.. The large 'x' value in 2018 ($2,873,923) compared to other years suggests a potential one-time event or reporting anomaly that needs clarification.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Foundation For Hackettstown Medical Center's strengths?
Positive indicators for Foundation For Hackettstown Medical Center include: The organization consistently reports revenue and expenses, indicating a stable operational presence.. Liabilities remain relatively low across all reported years, suggesting good financial management in terms of debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Foundation For Hackettstown Medical Center compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment impossible without further information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial decrease in total assets from 2021 to 2023?
The provided data shows a drop from $4,290,590 in 2021 to $3,847,403 in 2023. Without more detailed financial statements, it's unclear if this is due to investment losses, significant program expenditures not reflected in 'x', or other asset dispositions.
Can the significant 'x' value of $2,873,923 in 2018 be explained?
This 'x' value is an outlier compared to other years' expenses. It could represent a major capital expenditure, a large grant disbursement, or an unusual operational cost. Further investigation into the 2018 financial statements would be necessary to understand this anomaly.
Filing History
IRS 990 filing history for Foundation For Hackettstown Medical Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Foundation For Hackettstown Medical Center's revenue has grown by 21.5%, moving from $359K to $436K. Total assets increased by 747.5% over the same period, from $454K to $3.8M. Total functional expenses rose by 3.6%, from $390K to $404K. In its most recent filing year (2023), Foundation For Hackettstown Medical Center reported a surplus of $32K, with revenue exceeding expenses. The organization holds $130K in liabilities against $3.8M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $436K | $404K | $3.8M | $130K | — | — |
| 2022 | $376K | $325K | $3.7M | $31K | — | View 990 |
| 2021 | $375K | $302K | $4.3M | $39K | — | View 990 |
| 2020 | $377K | $359K | $3.8M | $25K | — | View 990 |
| 2019 | $255K | $293K | $3.2M | $37K | — | View 990 |
| 2018 | $511K | $2.9M | $3.1M | $14K | — | View 990 |
| 2017 | $292K | $197K | $5.0M | $247K | — | View 990 |
| 2016 | $4.2M | $126K | $4.7M | $13K | — | View 990 |
| 2015 | $729K | $285K | $629K | $10K | — | View 990 |
| 2014 | $408K | $416K | $184K | $10K | — | View 990 |
| 2013 | $328K | $243K | $192K | $10K | — | View 990 |
| 2012 | $378K | $588K | $108K | $11K | — | View 990 |
| 2011 | $371K | $509K | $314K | $7K | — | View 990 |
| 2010 | $359K | $390K | $454K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $436K, expenses of $404K, and assets of $3.8M (revenue +16.0% year-over-year).
- 2022: Revenue of $376K, expenses of $325K, and assets of $3.7M (revenue +0.4% year-over-year).
- 2021: Revenue of $375K, expenses of $302K, and assets of $4.3M (revenue -0.6% year-over-year).
- 2020: Revenue of $377K, expenses of $359K, and assets of $3.8M (revenue +47.7% year-over-year).
- 2019: Revenue of $255K, expenses of $293K, and assets of $3.2M (revenue -50.1% year-over-year).
- 2018: Revenue of $511K, expenses of $2.9M, and assets of $3.1M (revenue +74.7% year-over-year).
- 2017: Revenue of $292K, expenses of $197K, and assets of $5.0M (revenue -93.0% year-over-year).
- 2016: Revenue of $4.2M, expenses of $126K, and assets of $4.7M (revenue +473.4% year-over-year).
- 2015: Revenue of $729K, expenses of $285K, and assets of $629K (revenue +78.9% year-over-year).
- 2014: Revenue of $408K, expenses of $416K, and assets of $184K (revenue +24.4% year-over-year).
- 2013: Revenue of $328K, expenses of $243K, and assets of $192K (revenue -13.3% year-over-year).
- 2012: Revenue of $378K, expenses of $588K, and assets of $108K (revenue +1.9% year-over-year).
- 2011: Revenue of $371K, expenses of $509K, and assets of $314K (revenue +3.3% year-over-year).
- 2010: Revenue of $359K, expenses of $390K, and assets of $454K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Hackettstown Medical Center:
Data Sources and Methodology
This transparency report for Foundation For Hackettstown Medical Center 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.