Matheny School And Hospital Inc
Matheny School and Hospital: Dedicated Care, Stable Finances
EIN: 221482276 · Peapack, NJ · NTEE: B280 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $74.1M |
| Total Expenses | $57.8M |
| Program Spending | 85% |
| Net Assets | $56.8M |
| Transparency Score | 85/100 |
Is Matheny School And Hospital Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Matheny School And Hospital Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Matheny School And Hospital Inc
Matheny School And Hospital Inc (EIN: 221482276) is a nonprofit organization based in Peapack, NJ, classified under NTEE code B280. The organization reported total revenue of $74.1M and total assets of $77.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Matheny School And Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Matheny School And Hospital Inc is a major nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57.7M |
| Total Expenses | $57.8M |
| Surplus / Deficit | $-75,229 |
| Total Assets | $73.2M |
| Total Liabilities | $16.4M |
| Net Assets | $56.8M |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 15.2 months |
Financial Health Grade: B
In 2023, Matheny School And Hospital Inc reported a deficit of $75K with expenses exceeding revenue, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Matheny School And Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +10.3% | +8.2% |
| 2022 | +0.1% | +6.7% | -2.6% |
| 2021 | +8.4% | -0.1% | +21.5% |
| 2020 | +1.9% | +0.0% | +1.3% |
| 2019 | -0.7% | +0.7% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1951 |
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 Matheny School And Hospital 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, Matheny School And Hospital 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.4%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and complexity, with no red flags identified in the available filings.
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 Matheny School And Hospital Inc:
- Consistent revenue growth over the past several years, reaching $57,736,951 in 2023.
- Strong asset base of $73,240,778 in 2023, indicating financial stability.
- Low liability-to-asset ratio, demonstrating sound financial management.
- Clear mission focused on providing specialized care and education.
Frequently Asked Questions about Matheny School And Hospital Inc
Is Matheny School And Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Matheny School And Hospital Inc (EIN: 221482276) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Matheny School And Hospital Inc spend its money?
Matheny School And Hospital Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Matheny School And Hospital Inc tax-deductible?
Matheny School And Hospital Inc is registered as a tax-exempt nonprofit (EIN: 221482276). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Matheny School And Hospital Inc's spending goes to programs?
Matheny School And Hospital Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Matheny School And Hospital Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Matheny School And Hospital Inc is above average for NTEE category B280 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Matheny School And Hospital Inc located?
Matheny School And Hospital Inc is headquartered in Peapack, New Jersey and files with the IRS under EIN 221482276. It is classified under NTEE code B280.
How many years of IRS 990 filings does Matheny School And Hospital Inc have?
Matheny School And Hospital Inc has 13 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 $74.1M in total revenue.
What does Matheny School And Hospital Inc do?
Matheny School And Hospital Inc is a nonprofit organization in the Education sector, located in Peapack, New Jersey. It is classified under NTEE code B280.
How much revenue does Matheny School And Hospital Inc have?
Matheny School And Hospital Inc reported total revenue of $74,119,658. Based on 13 IRS 990 filings on record.
What are Matheny School And Hospital Inc's total assets?
Matheny School And Hospital Inc holds total assets of $77,232,668 as reported in IRS 990 filings.
Where is Matheny School And Hospital Inc located?
Matheny School And Hospital Inc is based in Peapack, New Jersey.
What is Matheny School And Hospital Inc's EIN?
Matheny School And Hospital Inc's Employer Identification Number (EIN) is 221482276. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Matheny School And Hospital Inc?
Matheny School And Hospital Inc is classified under NTEE code B280 (Education).
Is Matheny School And Hospital Inc a registered 501(c)(3)?
Yes, Matheny School And Hospital Inc is recognized as a tax-exempt organization by the IRS. EIN: 221482276.
Does Matheny School And Hospital Inc file IRS Form 990?
Yes, Matheny School And Hospital Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Matheny School And Hospital Inc's revenue in 2023?
In the 202306 filing period, Matheny School And Hospital Inc reported total revenue of $57,736,951, total expenses of $57,812,180, and net assets of $73,240,778.
Is Matheny School And Hospital Inc's revenue growing or declining?
Matheny School And Hospital Inc's revenue is growing. Revenue went from $54,130,609 (202206) to $57,736,951 (202306), a +6.7% change. Based on 13 filings on record.
What is Matheny School And Hospital Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Matheny School And Hospital Inc covers tax period 202306. It shows revenue of $57,736,951, expenses of $57,812,180, total assets of $73,240,778, and liabilities of $16,411,209.
How much does Matheny School And Hospital Inc spend on programs vs administration?
Based on IRS 990 analysis, Matheny School And Hospital Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Matheny School And Hospital Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Matheny School And Hospital Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Matheny School And Hospital Inc's strengths?
Positive indicators for Matheny School And Hospital Inc include: Consistent revenue growth over the past several years, reaching $57,736,951 in 2023.. Strong asset base of $73,240,778 in 2023, indicating financial stability.. Low liability-to-asset ratio, demonstrating sound financial management.. Clear mission focused on providing specialized care and education.. These findings are derived from AI analysis of the organization's financial filings.
How does Matheny School And Hospital Inc compensate executives?
Executive compensation appears reasonable given the organization's size and complexity, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Matheny School and Hospital Inc. manage to maintain such a consistent and high percentage of program spending year over year, and what specific strategies contribute to this efficiency?
Matheny's consistent high program spending likely stems from its specialized nature as a school and hospital, where the core mission directly translates into program expenses. Strategies may include integrated service delivery, efficient resource allocation for direct care, and potentially a lean administrative structure, allowing a significant portion of its $57,736,951 revenue in 2023 to directly support its beneficiaries.
Filing History
IRS 990 filing history for Matheny School And Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Matheny School And Hospital Inc's revenue has grown by 31.8%, moving from $43.8M to $57.7M. Total assets increased by 38.7% over the same period, from $52.8M to $73.2M. Total functional expenses rose by 34.4%, from $43.0M to $57.8M. In its most recent filing year (2023), Matheny School And Hospital Inc reported a deficit of $75K, with expenses exceeding revenue. The organization holds $16.4M in liabilities against $73.2M in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $56.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57.7M | $57.8M | $73.2M | $16.4M | — | — |
| 2022 | $54.1M | $52.4M | $67.7M | $12.2M | — | View 990 |
| 2021 | $54.1M | $49.1M | $69.5M | $8.2M | — | View 990 |
| 2020 | $49.9M | $49.2M | $57.2M | $7.3M | — | View 990 |
| 2019 | $48.9M | $49.2M | $56.4M | $7.9M | — | View 990 |
| 2018 | $49.3M | $48.8M | $56.2M | $8.1M | — | View 990 |
| 2017 | $49.4M | $46.4M | $54.5M | $7.4M | — | View 990 |
| 2016 | $48.1M | $46.8M | $50.6M | $7.4M | — | View 990 |
| 2015 | $46.8M | $46.7M | $51.2M | $8.9M | — | View 990 |
| 2014 | $50.1M | $47.6M | $53.5M | $9.8M | — | View 990 |
| 2013 | $47.3M | $50.6M | $48.6M | $9.3M | — | View 990 |
| 2012 | $45.1M | $45.5M | $50.2M | $8.9M | — | View 990 |
| 2011 | $43.8M | $43.0M | $52.8M | $10.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57.7M, expenses of $57.8M, and assets of $73.2M (revenue +6.7% year-over-year).
- 2022: Revenue of $54.1M, expenses of $52.4M, and assets of $67.7M (revenue +0.1% year-over-year).
- 2021: Revenue of $54.1M, expenses of $49.1M, and assets of $69.5M (revenue +8.4% year-over-year).
- 2020: Revenue of $49.9M, expenses of $49.2M, and assets of $57.2M (revenue +1.9% year-over-year).
- 2019: Revenue of $48.9M, expenses of $49.2M, and assets of $56.4M (revenue -0.7% year-over-year).
- 2018: Revenue of $49.3M, expenses of $48.8M, and assets of $56.2M (revenue -0.1% year-over-year).
- 2017: Revenue of $49.4M, expenses of $46.4M, and assets of $54.5M (revenue +2.6% year-over-year).
- 2016: Revenue of $48.1M, expenses of $46.8M, and assets of $50.6M (revenue +2.9% year-over-year).
- 2015: Revenue of $46.8M, expenses of $46.7M, and assets of $51.2M (revenue -6.7% year-over-year).
- 2014: Revenue of $50.1M, expenses of $47.6M, and assets of $53.5M (revenue +6.0% year-over-year).
- 2013: Revenue of $47.3M, expenses of $50.6M, and assets of $48.6M (revenue +4.8% year-over-year).
- 2012: Revenue of $45.1M, expenses of $45.5M, and assets of $50.2M (revenue +2.9% year-over-year).
- 2011: Revenue of $43.8M, expenses of $43.0M, and assets of $52.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Matheny School And Hospital Inc:
Data Sources and Methodology
This transparency report for Matheny School And Hospital 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.