Meadowood Corporation
Meadowood Corporation: Strong Financials, High Program Spending, but Executive Compensation Lacks Detail
EIN: 222229486 · Worcester, PA · NTEE: P750 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $58.3M |
| Total Expenses | $49.3M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-16,050,905 |
| Transparency Score | 85/100 |
Is Meadowood Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meadowood Corporation directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meadowood Corporation
Meadowood Corporation (EIN: 222229486) is a nonprofit organization based in Worcester, PA, classified under NTEE code P750. The organization reported total revenue of $58.3M and total assets of $164.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meadowood Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meadowood Corporation is a major nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45.5M |
| Total Expenses | $49.3M |
| Surplus / Deficit | $-3,768,017 |
| Total Assets | $161.5M |
| Total Liabilities | $177.6M |
| Net Assets | $-16,050,905 |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 109.9% |
| Months of Reserves | 39.3 months |
Financial Health Grade: C
In 2023, Meadowood Corporation reported a deficit of $3.8M with expenses exceeding revenue, holds 39.3 months of operating reserves (strong position), has a debt-to-asset ratio of 109.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Meadowood Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.1% | +9.7% | +0.4% |
| 2022 | -1.1% | +10.1% | +0.4% |
| 2021 | +21.3% | +5.6% | +6.0% |
| 2020 | +9.6% | +8.1% | +4.3% |
| 2019 | +4.3% | +6.6% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Meadowood Corporation 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Meadowood Corporation allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $3.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 109.9%.
Executive Compensation Analysis
The filings consistently report $0 for compensation to officers, directors, trustees, and key employees, which is highly improbable for an organization with over $58 million in revenue and $164 million in assets, suggesting a lack of transparency in this area.
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 Meadowood Corporation's IRS 990 filings:
- Consistent reporting of $0 for executive compensation across multiple years raises significant concerns about the accuracy and completeness of financial disclosures.
- The absence of detailed information regarding how executive compensation is managed or reported, given the organization's scale, is a red flag for governance transparency.
Strengths
The following positive indicators were identified for Meadowood Corporation:
- Meadowood Corporation demonstrates strong financial health with consistent revenue growth, increasing from $30.9 million in 2018 to $58.2 million in 2023.
- The organization maintains a robust asset base, growing from $126.9 million in 2018 to $164.8 million in 2023, indicating long-term stability.
- Expenditures consistently remain below revenue, suggesting sound financial management and a healthy operating margin.
Frequently Asked Questions about Meadowood Corporation
Is Meadowood Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Meadowood Corporation (EIN: 222229486) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Meadowood Corporation spend its money?
Meadowood Corporation directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Meadowood Corporation tax-deductible?
Meadowood Corporation is registered as a tax-exempt nonprofit (EIN: 222229486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Meadowood Corporation CEO make?
Meadowood Corporation's highest-compensated officer earns $0 annually. The organization reported $58.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Meadowood Corporation's spending goes to programs?
Meadowood Corporation directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Meadowood Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Meadowood Corporation is above average for NTEE category P750 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Meadowood Corporation located?
Meadowood Corporation is headquartered in Worcester, Pennsylvania and files with the IRS under EIN 222229486. It is classified under NTEE code P750.
How many years of IRS 990 filings does Meadowood Corporation have?
Meadowood Corporation 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 $58.3M in total revenue.
What does Meadowood Corporation do?
Meadowood Corporation is a nonprofit organization in the Human Services sector, located in Worcester, Pennsylvania. It is classified under NTEE code P750.
How much revenue does Meadowood Corporation have?
Meadowood Corporation reported total revenue of $58,290,940. Based on 13 IRS 990 filings on record.
What are Meadowood Corporation's total assets?
Meadowood Corporation holds total assets of $164,874,405 as reported in IRS 990 filings.
Where is Meadowood Corporation located?
Meadowood Corporation is based in Worcester, Pennsylvania.
What is Meadowood Corporation's EIN?
Meadowood Corporation's Employer Identification Number (EIN) is 222229486. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Meadowood Corporation?
Meadowood Corporation is classified under NTEE code P750 (Human Services).
Is Meadowood Corporation a registered 501(c)(3)?
Yes, Meadowood Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222229486.
Does Meadowood Corporation file IRS Form 990?
Yes, Meadowood Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Meadowood Corporation's revenue in 2023?
In the 202312 filing period, Meadowood Corporation reported total revenue of $45,498,154, total expenses of $49,266,171, and net assets of $161,503,411.
Is Meadowood Corporation's revenue growing or declining?
Meadowood Corporation's revenue is growing. Revenue went from $42,489,255 (202212) to $45,498,154 (202312), a +7.1% change. Based on 13 filings on record.
What is Meadowood Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Meadowood Corporation covers tax period 202312. It shows revenue of $45,498,154, expenses of $49,266,171, total assets of $161,503,411, and liabilities of $177,554,316.
How much does Meadowood Corporation spend on programs vs administration?
Based on IRS 990 analysis, Meadowood Corporation allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Meadowood Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Meadowood Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Meadowood Corporation?
The following concerns were identified: Consistent reporting of $0 for executive compensation across multiple years raises significant concerns about the accuracy and completeness of financial disclosures.. The absence of detailed information regarding how executive compensation is managed or reported, given the organization's scale, is a red flag for governance transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Meadowood Corporation's strengths?
Positive indicators for Meadowood Corporation include: Meadowood Corporation demonstrates strong financial health with consistent revenue growth, increasing from $30.9 million in 2018 to $58.2 million in 2023.. The organization maintains a robust asset base, growing from $126.9 million in 2018 to $164.8 million in 2023, indicating long-term stability.. Expenditures consistently remain below revenue, suggesting sound financial management and a healthy operating margin.. These findings are derived from AI analysis of the organization's financial filings.
How does Meadowood Corporation compensate executives?
The filings consistently report $0 for compensation to officers, directors, trustees, and key employees, which is highly improbable for an organization with over $58 million in revenue and $164 million in assets, suggesting a lack of transparency in this area. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does Meadowood Corporation attract and retain senior leadership, and where is this compensation actually reported in their financial statements?
The consistent reporting of $0 for executive compensation is highly unusual for an organization of Meadowood's size. This compensation is likely embedded within other expense categories (e.g., 'salaries and wages' or 'management fees') without specific disclosure, or key personnel are compensated through a related entity not fully detailed in these filings, which obscures true compensation costs.
With total expenses consistently lower than total revenue, what is the primary use of the surplus funds generated by Meadowood Corporation?
The surplus funds, indicated by revenue exceeding expenses, are likely being reinvested into the organization's assets, as evidenced by the consistent growth in total assets from $126.9 million in 2018 to $164.8 million in 2023. This could include facility improvements, expansion of services, or building reserves.
Filing History
IRS 990 filing history for Meadowood Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Meadowood Corporation's revenue has grown by 87.3%, moving from $24.3M to $45.5M. Total assets increased by 106.1% over the same period, from $78.4M to $161.5M. Total functional expenses rose by 113.8%, from $23.0M to $49.3M. In its most recent filing year (2023), Meadowood Corporation reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $177.6M in liabilities against $161.5M in assets (debt-to-asset ratio: 109.9%), resulting in net assets of $-16,050,905.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45.5M | $49.3M | $161.5M | $177.6M | — | — |
| 2022 | $42.5M | $44.9M | $160.9M | $176.0M | — | View 990 |
| 2021 | $42.9M | $40.8M | $160.2M | $170.7M | — | View 990 |
| 2020 | $35.4M | $38.6M | $151.2M | $166.3M | — | — |
| 2019 | $32.3M | $35.7M | $144.9M | $158.3M | — | View 990 |
| 2018 | $31.0M | $33.5M | $127.0M | $139.7M | — | View 990 |
| 2017 | $32.6M | $29.3M | $91.1M | $99.5M | — | View 990 |
| 2016 | $28.4M | $28.3M | $79.8M | $90.5M | — | View 990 |
| 2015 | $29.1M | $27.7M | $78.9M | $90.8M | — | View 990 |
| 2014 | $27.5M | $26.7M | $80.2M | $93.1M | — | View 990 |
| 2013 | $25.5M | $25.2M | $80.0M | $93.9M | — | View 990 |
| 2012 | $24.7M | $24.1M | $75.9M | $92.2M | — | View 990 |
| 2011 | $24.3M | $23.0M | $78.4M | $91.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45.5M, expenses of $49.3M, and assets of $161.5M (revenue +7.1% year-over-year).
- 2022: Revenue of $42.5M, expenses of $44.9M, and assets of $160.9M (revenue -1.1% year-over-year).
- 2021: Revenue of $42.9M, expenses of $40.8M, and assets of $160.2M (revenue +21.3% year-over-year).
- 2020: Revenue of $35.4M, expenses of $38.6M, and assets of $151.2M (revenue +9.6% year-over-year).
- 2019: Revenue of $32.3M, expenses of $35.7M, and assets of $144.9M (revenue +4.3% year-over-year).
- 2018: Revenue of $31.0M, expenses of $33.5M, and assets of $127.0M (revenue -4.9% year-over-year).
- 2017: Revenue of $32.6M, expenses of $29.3M, and assets of $91.1M (revenue +14.6% year-over-year).
- 2016: Revenue of $28.4M, expenses of $28.3M, and assets of $79.8M (revenue -2.4% year-over-year).
- 2015: Revenue of $29.1M, expenses of $27.7M, and assets of $78.9M (revenue +5.7% year-over-year).
- 2014: Revenue of $27.5M, expenses of $26.7M, and assets of $80.2M (revenue +8.1% year-over-year).
- 2013: Revenue of $25.5M, expenses of $25.2M, and assets of $80.0M (revenue +3.2% year-over-year).
- 2012: Revenue of $24.7M, expenses of $24.1M, and assets of $75.9M (revenue +1.6% year-over-year).
- 2011: Revenue of $24.3M, expenses of $23.0M, and assets of $78.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meadowood Corporation:
Data Sources and Methodology
This transparency report for Meadowood Corporation 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.