Morris County Medical Society
EIN: 510168379 · Waretown, NJ
| Metric | Value |
|---|---|
| Total Revenue | $201K |
| Total Expenses | $137K |
| Net Assets | $281K |
Is Morris County Medical Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morris County Medical Society
Morris County Medical Society (EIN: 510168379) is a nonprofit organization based in Waretown, NJ. The organization reported total revenue of $201K and total assets of $360K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morris County Medical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morris County Medical Society is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $201K |
| Total Expenses | $137K |
| Surplus / Deficit | +$64K |
| Total Assets | $360K |
| Total Liabilities | $79K |
| Net Assets | $281K |
| Operating Margin | 32.0% |
| Debt-to-Asset Ratio | 22.0% |
| Months of Reserves | 31.7 months |
Financial Health Grade: A
In 2023, Morris County Medical Society reported a surplus of $64K with revenue exceeding expenses, holds 31.7 months of operating reserves (strong position), has a debt-to-asset ratio of 22.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morris County Medical Society's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | -49.3% | +11.5% |
| 2022 | -21.5% | +23.2% | -17.7% |
| 2021 | +40.0% | -19.0% | -5.5% |
| 2020 | -30.7% | +37.9% | +1.7% |
| 2019 | -1.5% | -29.1% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morris County Medical Society has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Morris County Medical Society with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $64K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.0%.
Frequently Asked Questions about Morris County Medical Society
Is Morris County Medical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Morris County Medical Society (EIN: 510168379) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morris County Medical Society spend its money?
Detailed spending breakdown data is not yet available for Morris County Medical Society. Check back for updated IRS 990 analysis.
Are donations to Morris County Medical Society tax-deductible?
Morris County Medical Society is registered as a tax-exempt nonprofit (EIN: 510168379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morris County Medical Society located?
Morris County Medical Society is headquartered in Waretown, New Jersey and files with the IRS under EIN 510168379.
How many years of IRS 990 filings does Morris County Medical Society have?
Morris County Medical Society 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 $201K in total revenue.
Filing History
IRS 990 filing history for Morris County Medical Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morris County Medical Society's revenue has grown by 6.8%, moving from $188K to $201K. Total assets decreased by 23.6% over the same period, from $472K to $360K. Total functional expenses fell by 25%, from $182K to $137K. In its most recent filing year (2023), Morris County Medical Society reported a surplus of $64K, with revenue exceeding expenses. The organization holds $79K in liabilities against $360K in assets (debt-to-asset ratio: 22.0%), resulting in net assets of $281K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $201K | $137K | $360K | $79K | — | — |
| 2022 | $206K | $269K | $323K | $106K | — | View 990 |
| 2021 | $263K | $218K | $392K | $113K | — | View 990 |
| 2020 | $188K | $270K | $415K | $180K | — | View 990 |
| 2019 | $271K | $196K | $408K | $122K | — | — |
| 2018 | $275K | $276K | $431K | $136K | — | View 990 |
| 2017 | $272K | $297K | $463K | $167K | — | View 990 |
| 2016 | $304K | $266K | $487K | $178K | — | View 990 |
| 2015 | $299K | $272K | $434K | $166K | — | View 990 |
| 2014 | $291K | $318K | $427K | $173K | — | View 990 |
| 2013 | $342K | $194K | $493K | $209K | — | View 990 |
| 2012 | $216K | $182K | $338K | $118K | — | View 990 |
| 2011 | $188K | $182K | $472K | $127K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $201K, expenses of $137K, and assets of $360K (revenue -2.7% year-over-year).
- 2022: Revenue of $206K, expenses of $269K, and assets of $323K (revenue -21.5% year-over-year).
- 2021: Revenue of $263K, expenses of $218K, and assets of $392K (revenue +40.0% year-over-year).
- 2020: Revenue of $188K, expenses of $270K, and assets of $415K (revenue -30.7% year-over-year).
- 2019: Revenue of $271K, expenses of $196K, and assets of $408K (revenue -1.5% year-over-year).
- 2018: Revenue of $275K, expenses of $276K, and assets of $431K (revenue +1.0% year-over-year).
- 2017: Revenue of $272K, expenses of $297K, and assets of $463K (revenue -10.4% year-over-year).
- 2016: Revenue of $304K, expenses of $266K, and assets of $487K (revenue +1.7% year-over-year).
- 2015: Revenue of $299K, expenses of $272K, and assets of $434K (revenue +2.7% year-over-year).
- 2014: Revenue of $291K, expenses of $318K, and assets of $427K (revenue -15.1% year-over-year).
- 2013: Revenue of $342K, expenses of $194K, and assets of $493K (revenue +58.8% year-over-year).
- 2012: Revenue of $216K, expenses of $182K, and assets of $338K (revenue +14.6% year-over-year).
- 2011: Revenue of $188K, expenses of $182K, and assets of $472K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morris County Medical Society:
Data Sources and Methodology
This transparency report for Morris County Medical Society 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.