The Memorial Health Foundation Inc Retired Employee Benefit Plan
The Memorial Health Foundation Inc Retired Employee Benefit Plan
EIN: 223178785 · Morristown, NJ · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $31.3M |
| Total Expenses | $7.1M |
| Program Spending | 65% |
| Net Assets | $76.6M |
| Transparency Score | 85/100 |
Is The Memorial Health Foundation Inc Retired Employee Benefit Plan Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Memorial Health Foundation Inc Retired Employee Benefit Plan directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Memorial Health Foundation Inc Retired Employee Benefit Plan
The Memorial Health Foundation Inc Retired Employee Benefit Plan (EIN: 223178785) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $31.3M and total assets of $85.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Memorial Health Foundation Inc Retired Employee Benefit Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Memorial Health Foundation Inc Retired Employee Benefit Plan is a large nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.3M |
| Total Expenses | $7.1M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $87.0M |
| Total Liabilities | $10.4M |
| Net Assets | $76.6M |
| Operating Margin | 23.9% |
| Debt-to-Asset Ratio | 12.0% |
| Months of Reserves | 147.9 months |
Financial Health Grade: A
In 2023, The Memorial Health Foundation Inc Retired Employee Benefit Plan reported a surplus of $2.2M with revenue exceeding expenses, holds 147.9 months of operating reserves (strong position), has a debt-to-asset ratio of 12.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Memorial Health Foundation Inc Retired Employee Benefit Plan's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.9% | +4.6% | +10.8% |
| 2022 | -3.2% | -0.7% | -21.1% |
| 2021 | +6.1% | +5.7% | +7.2% |
| 2020 | +25.1% | +6.2% | +5.0% |
| 2019 | -42.5% | +23.2% | +17.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 The Memorial Health Foundation Inc Retired Employee Benefit Plan 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: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, The Memorial Health Foundation Inc Retired Employee Benefit Plan allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.0%.
Executive Compensation Analysis
Executive compensation remains at 0%, indicating no reported executive compensation expenses.
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 The Memorial Health Foundation Inc Retired Employee Benefit Plan's IRS 990 filings:
- The plan has maintained a consistent focus on program spending, with a slight increase in fundraising efforts in recent years.
Strengths
The following positive indicators were identified for The Memorial Health Foundation Inc Retired Employee Benefit Plan:
- The plan has maintained a consistent focus on program spending, with a slight increase in fundraising efforts in recent years.
Frequently Asked Questions about The Memorial Health Foundation Inc Retired Employee Benefit Plan
Is The Memorial Health Foundation Inc Retired Employee Benefit Plan a legitimate charity?
The Memorial Health Foundation Inc Retired Employee Benefit Plan (EIN: 223178785) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $31.3M. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does The Memorial Health Foundation Inc Retired Employee Benefit Plan spend its money?
The Memorial Health Foundation Inc Retired Employee Benefit Plan directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to The Memorial Health Foundation Inc Retired Employee Benefit Plan tax-deductible?
The Memorial Health Foundation Inc Retired Employee Benefit Plan is registered as a tax-exempt nonprofit (EIN: 223178785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Memorial Health Foundation Inc Retired Employee Benefit Plan's spending goes to programs?
The Memorial Health Foundation Inc Retired Employee Benefit Plan directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Memorial Health Foundation Inc Retired Employee Benefit Plan located?
The Memorial Health Foundation Inc Retired Employee Benefit Plan is headquartered in Morristown, New Jersey and files with the IRS under EIN 223178785.
How many years of IRS 990 filings does The Memorial Health Foundation Inc Retired Employee Benefit Plan have?
The Memorial Health Foundation Inc Retired Employee Benefit Plan 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 $31.3M in total revenue.
What does The Memorial Health Foundation Inc Retired Employee Benefit Plan do?
The Memorial Health Foundation Inc Retired Employee Benefit Plan is a nonprofit organization in the Unknown sector, located in Morristown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does The Memorial Health Foundation Inc Retired Employee Benefit Plan have?
The Memorial Health Foundation Inc Retired Employee Benefit Plan reported total revenue of $31,339,557. Based on 14 IRS 990 filings on record.
What are The Memorial Health Foundation Inc Retired Employee Benefit Plan's total assets?
The Memorial Health Foundation Inc Retired Employee Benefit Plan holds total assets of $85,447,496 as reported in IRS 990 filings.
Where is The Memorial Health Foundation Inc Retired Employee Benefit Plan located?
The Memorial Health Foundation Inc Retired Employee Benefit Plan is based in Morristown, New Jersey.
What is The Memorial Health Foundation Inc Retired Employee Benefit Plan's EIN?
The Memorial Health Foundation Inc Retired Employee Benefit Plan's Employer Identification Number (EIN) is 223178785. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Memorial Health Foundation Inc Retired Employee Benefit Plan?
The Memorial Health Foundation Inc Retired Employee Benefit Plan is classified under NTEE code Unknown (Unknown).
Is The Memorial Health Foundation Inc Retired Employee Benefit Plan a registered 501(c)(3)?
The Memorial Health Foundation Inc Retired Employee Benefit Plan appears in IRS records (EIN: 223178785). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Memorial Health Foundation Inc Retired Employee Benefit Plan file IRS Form 990?
Yes, The Memorial Health Foundation Inc Retired Employee Benefit Plan has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Memorial Health Foundation Inc Retired Employee Benefit Plan's revenue in 2023?
In the 202312 filing period, The Memorial Health Foundation Inc Retired Employee Benefit Plan reported total revenue of $9,283,457, total expenses of $7,062,792, and net assets of $87,047,011.
Is The Memorial Health Foundation Inc Retired Employee Benefit Plan's revenue growing or declining?
The Memorial Health Foundation Inc Retired Employee Benefit Plan's revenue is growing. Revenue went from $6,933,899 (202212) to $9,283,457 (202312), a +33.9% change. Based on 14 filings on record.
What is The Memorial Health Foundation Inc Retired Employee Benefit Plan's most recent 990 filing?
The most recent IRS Form 990 filing for The Memorial Health Foundation Inc Retired Employee Benefit Plan covers tax period 202312. It shows revenue of $9,283,457, expenses of $7,062,792, total assets of $87,047,011, and liabilities of $10,413,099.
How much does The Memorial Health Foundation Inc Retired Employee Benefit Plan spend on programs vs administration?
Based on IRS 990 analysis, The Memorial Health Foundation Inc Retired Employee Benefit Plan allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is The Memorial Health Foundation Inc Retired Employee Benefit Plan a trustworthy charity?
Based on AI analysis of IRS 990 data, The Memorial Health Foundation Inc Retired Employee Benefit Plan appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for The Memorial Health Foundation Inc Retired Employee Benefit Plan?
The following concerns were identified: The plan has maintained a consistent focus on program spending, with a slight increase in fundraising efforts in recent years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Memorial Health Foundation Inc Retired Employee Benefit Plan's strengths?
Positive indicators for The Memorial Health Foundation Inc Retired Employee Benefit Plan include: The plan has maintained a consistent focus on program spending, with a slight increase in fundraising efforts in recent years.. These findings are derived from AI analysis of the organization's financial filings.
How does The Memorial Health Foundation Inc Retired Employee Benefit Plan compensate executives?
Executive compensation remains at 0%, indicating no reported executive compensation expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Memorial Health Foundation Inc Retired Employee Benefit Plan?
The spending breakdown shows a significant portion allocated to programs (65%), with administration at 15% and fundraising at 20%. The plan has maintained a consistent focus on program spending, with a slight increase in fundraising efforts in recent years. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the primary focus of the Memorial Health Foundation Inc Retired Employee Benefit Plan?
The plan primarily focuses on program spending, which accounts for 65% of the total expenses, with a slight increase in fundraising efforts in recent years.
Is there any executive compensation reported in the plan?
No, the plan reports 0% for executive compensation, indicating no reported executive compensation expenses.
Filing History
IRS 990 filing history for The Memorial Health Foundation Inc Retired Employee Benefit Plan showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Memorial Health Foundation Inc Retired Employee Benefit Plan's revenue has grown by 319.5%, moving from $2.2M to $9.3M. Total assets increased by 53% over the same period, from $56.9M to $87.0M. Total functional expenses rose by 195.5%, from $2.4M to $7.1M. In its most recent filing year (2023), The Memorial Health Foundation Inc Retired Employee Benefit Plan reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $10.4M in liabilities against $87.0M in assets (debt-to-asset ratio: 12.0%), resulting in net assets of $76.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.3M | $7.1M | $87.0M | $10.4M | — | — |
| 2022 | $6.9M | $6.8M | $78.6M | $6.6M | — | View 990 |
| 2021 | $7.2M | $6.8M | $99.6M | $6.3M | — | View 990 |
| 2020 | $6.8M | $6.4M | $92.9M | $6.3M | — | View 990 |
| 2019 | $5.4M | $6.1M | $88.5M | $7.4M | — | — |
| 2018 | $9.4M | $4.9M | $75.1M | $5.3M | — | View 990 |
| 2017 | $6.6M | $4.9M | $86.3M | $5.7M | — | View 990 |
| 2016 | $3.2M | $5.5M | $74.3M | $5.1M | — | View 990 |
| 2015 | $3.5M | $4.5M | $70.4M | $4.0M | — | View 990 |
| 2014 | $5.4M | $3.5M | $74.8M | $3.1M | — | View 990 |
| 2013 | $4.1M | $3.7M | $72.1M | $2.9M | — | View 990 |
| 2012 | $3.5M | $3.2M | $60.3M | $2.6M | — | View 990 |
| 2011 | $2.1M | $2.4M | $53.4M | $2.3M | — | View 990 |
| 2010 | $2.2M | $2.4M | $56.9M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.3M, expenses of $7.1M, and assets of $87.0M (revenue +33.9% year-over-year).
- 2022: Revenue of $6.9M, expenses of $6.8M, and assets of $78.6M (revenue -3.2% year-over-year).
- 2021: Revenue of $7.2M, expenses of $6.8M, and assets of $99.6M (revenue +6.1% year-over-year).
- 2020: Revenue of $6.8M, expenses of $6.4M, and assets of $92.9M (revenue +25.1% year-over-year).
- 2019: Revenue of $5.4M, expenses of $6.1M, and assets of $88.5M (revenue -42.5% year-over-year).
- 2018: Revenue of $9.4M, expenses of $4.9M, and assets of $75.1M (revenue +43.0% year-over-year).
- 2017: Revenue of $6.6M, expenses of $4.9M, and assets of $86.3M (revenue +103.5% year-over-year).
- 2016: Revenue of $3.2M, expenses of $5.5M, and assets of $74.3M (revenue -8.8% year-over-year).
- 2015: Revenue of $3.5M, expenses of $4.5M, and assets of $70.4M (revenue -34.3% year-over-year).
- 2014: Revenue of $5.4M, expenses of $3.5M, and assets of $74.8M (revenue +31.7% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.7M, and assets of $72.1M (revenue +15.8% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.2M, and assets of $60.3M (revenue +67.8% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.4M, and assets of $53.4M (revenue -5.0% year-over-year).
- 2010: Revenue of $2.2M, expenses of $2.4M, and assets of $56.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Memorial Health Foundation Inc Retired Employee Benefit Plan:
Data Sources and Methodology
This transparency report for The Memorial Health Foundation Inc Retired Employee Benefit Plan 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.