THE MATHENY SCHOOL AND HOSPITAL INC

EIN: 221482276 501(c)(3) Education

PEAPACK, NJ

Total Revenue
$57,736,951
Total Expenses
$57,812,180
Total Assets
$73,240,778
Net Assets
$56,829,569
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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
NJ
Principal Officer
WILLIAM KENT
Phone
9082340011
Tax Period
2022-07-01 to 2023-06-30

THE MATHENY SCHOOL AND HOSPITAL INC, founded in 1950, is a mid-sized nonprofit in the Education sector that reported $57.7M in total revenue in fiscal year 2022.

Mission

THE MISSION OF MATHENY SCHOOL AND HOSPITAL IS TO OPTIMIZE THE QUALITY OF LIFE FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND SIGNIFICANT FUNCTIONAL IMPAIRMENTS.

Program Service Accomplishments

Program 1
Expenses: $33,360,864 Revenue: $35,251,500

PROFESSIONAL CARE AND NURSING - PRIMARY, SUBSPECIALTY AND REHABILITATIVE CARE TO PATIENTS WITH CHRONIC NEUROLOGICAL DISABLING CONDITIONS OF ALL AGES. PROVIDE SUPPORT FOR NURSING AND ALL CLINICAL...

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PROFESSIONAL CARE AND NURSING - PRIMARY, SUBSPECIALTY AND REHABILITATIVE CARE TO PATIENTS WITH CHRONIC NEUROLOGICAL DISABLING CONDITIONS OF ALL AGES. PROVIDE SUPPORT FOR NURSING AND ALL CLINICAL, THERAPEUTIC AND EDUCATIONAL DISCIPLINES. PROVIDE THE SCHOOL HEALTH FUNCTIONS FOR THE MATHENY SCHOOL. STAFF THE INPATIENT AND OUTPATIENT UNITS OF MATHENY MEDICAL AND EDUCATIONAL CENTER. PROVIDE EACH PATIENT WITH THE HIGHEST LEVEL OF PROFESSIONAL NURSING AND PARAPROFESSIONAL PERSONAL CARE. BE AN INTEGRATED TEAM WHICH PROVIDES COMPREHENSIVE, TRANSDISCIPLINARY SERVICES TO INDIVIDUALS WITH DISABILITIES OF A DEVELOPMENTAL NATURE. CONTINUED ON SCHEDULE O.MAINTAIN WELLNESS BY CREATING AN ATMOSPHERE WHICH IS HARMONIOUS AND PROMOTES INDIVIDUAL GROWTH AND DEVELOPMENT. TO PROVIDE RELATED SERVICES TO THE MATHENY COMMUNITY, INCLUDING INFECTION CONTROL, ENTERSTOMAL THERAPY, EMPLOYEE HEALTH SERVICES, RESPIRATORY THERAPY AND PHLEBOTOMY SERVICES. ALSO CONSULT WITH THE ADULT LEARNING CENTER AT HILLSBORO (MALCH) AND THE CENTER OF MEDICINE AND DENTISTRY (MCMD).

Program 2
Expenses: $9,098,417 Revenue: $9,614,046

EDUCATION AND PSYCHOLOGICAL CARE AND DIETARY - PROVIDE AN INTEGRATED EDUCATIONAL EXPERIENCE FOR STUDENTS WITH A DIVERSE RANGE OF ABILITIES AND DISABILITIES. EACH STUDENT IS GIVEN OPPORTUNITIES TO...

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EDUCATION AND PSYCHOLOGICAL CARE AND DIETARY - PROVIDE AN INTEGRATED EDUCATIONAL EXPERIENCE FOR STUDENTS WITH A DIVERSE RANGE OF ABILITIES AND DISABILITIES. EACH STUDENT IS GIVEN OPPORTUNITIES TO REACH HIS OR HER HIGHEST LEVEL OF ACADEMIC ACHIEVEMENT, TO OBTAIN MAXIMUM INDEPENDENCE, AND TO TRANSITION INTO POST-SECONDARY FUNCTIONAL AND COMMUNITY-BASED PROGRAMS. THE MATHENY SCHOOL IS A PREMIER LEARNING INSTITUTION FOR STUDENTS WITH DEVELOPMENTAL DISABILITIES, STRIVING FOR EXCELLENCE AND BEST PRACTICES IN EDUCATIONAL ADAPTATIONS AND LEARNING OUTCOMES. MATHENY FACILITATES CHANGE TO MAXIMIZE THE POTENTIAL OF PERSONS SERVED SO THAT THEY MAY ACHIEVE INDEPENDENCE AND INTEGRATION INTO THE COMMUNITY.

Program 3
Expenses: $8,087,482 Revenue: $8,545,818

THERAPY - TO PROVIDE A CONTINUUM OF SERVICES IN THE AREAS OF OCCUPATIONAL THERAPY, PHYSICAL THERAPY, SPEECH-LANGUAGE THERAPY, MUSIC THERAPY, RECREATION THERAPY AND ASSISTIVE TECHNOLOGY TO CHILDREN...

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THERAPY - TO PROVIDE A CONTINUUM OF SERVICES IN THE AREAS OF OCCUPATIONAL THERAPY, PHYSICAL THERAPY, SPEECH-LANGUAGE THERAPY, MUSIC THERAPY, RECREATION THERAPY AND ASSISTIVE TECHNOLOGY TO CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES IN BOTH MATHENY'S INTERNAL AND EXTERNAL PROGRAMS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $995,536
Program Service Revenue $53,411,364
Investment Income $3,072,735
Other Revenue $257,316
TOTAL REVENUE $57,736,951

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,612,224
Fundraising Expenses $503,227
Program Expenses $50,546,763
Other Expenses $12,199,956
TOTAL EXPENSES $57,812,180

Year-over-Year Comparison

2022 2021 Change
Revenue $57,736,951 $54,130,609 +0.1%
Expenses $57,812,180 $52,422,862 +0.1%
Net Income $-75,229 $1,707,747 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
15
Employees
737
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$2,019,073
Total Directors
21
$996,615
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM A KRAIS ESQ CHAIRPERSON 5.00
Officer Director
$0 $0 $0
PAUL FRASCELLA VICE CHAIRPERSON 1.00
Director
$0 $0 $0
WILLIAM M KENT MHA PRESIDENT & CEO 37.50
Officer Director
$596,235 $14,381 $610,616
EDANA DESATNICK TRUSTEE 1.00
Director
$0 $0 $0
R BRUCE FISHER TRUSTEE 1.00
Director
$0 $0 $0
NANCY HAMSTRA FACHE TRUSTEE 1.00
Director
$0 $0 $0
PETER M HOLLOWAY TRUSTEE 1.00
Director
$0 $0 $0
CARLA M JARDIM MD TRUSTEE 1.00
Director
$0 $0 $0
WARREN JOSEPHSON TRUSTEE 1.00
Director
$0 $0 $0
CARL KIRTON TRUSTEE 1.00
Director
$0 $0 $0
KRISTEN LABAZZO PHD MBA TRUSTEE 1.00
Director
$0 $0 $0
ALBERT MEZZAROBA ESQ TRUSTEE 1.00
Director
$0 $0 $0
PATRICK SCAGLIONE TRUSTEE 5.00
Officer Director
$0 $0 $0
DAVID SCHULZ TRUSTEE 1.00
Director
$0 $0 $0
DAVID SZOTT TRUSTEE 1.00
Director
$0 $0 $0
ALAN E TUROVLIN CPA CGMA TRUSTEE 1.00
Director
$0 $0 $0
VINCENT BARBA MD FACP FHM CHIEF MEDICAL OFFICER 37.50
Officer Director
$354,437 $31,562 $385,999
MADDALENA MINARDI TRUSTEE (UNTIL SEPT 2022) 1.00
Director
$0 $0 $0
LIZ GERAGHTY TRUSTEE (UNTIL SEPT 2022) 1.00
Director
$0 $0 $0
KIM CANIANO TRUSTEE (UNTIL SEPT 2022) 1.00
Director
$0 $0 $0
DANIEL F MCLAUGHLIN TRUSTEE (UNTIL SEPT 2022) 1.00
Director
$0 $0 $0
KATHLEEN F POWERS CPA CGMA VP OF FINANCE/CFO 37.50
Officer
$255,192 $7,800 $262,992
RICARDO ALONSO VP OF OPERATIONS (UNTIL 7/2022) 37.50
Officer
$189,028 $16,343 $205,371
NANCY PETRILLO VP OF HUMAN RESOURCES 37.50
Officer
$174,534 $7,090 $181,624
SEAN MURPHY VP OF EDUCATION 37.50
Officer
$126,656 $5,854 $132,510
ELIZABETH HARPER BOARD SECRETARY 37.50
Officer
$72,559 $341 $72,900
DENISE KING CHIEF NURSING OFFICER 37.50
Officer
$146,880 $20,181 $167,061
DR CHRISTINE MAND PHYSICIAN 37.50
Highest
$300,071 $16,709 $316,780
DR SURBPARKASH SINGH PHYSICIAN 37.50
Highest
$239,666 $17,215 $256,881
DR SUSAN ROELOFFS PHYSICIAN 37.50
Highest
$190,631 $18,104 $208,735
MARIVIC SANTIAGO PHYSICIAN 37.50
Highest
$150,732 $5,057 $155,789
KENNETH ROBEY PHD CPHQ ADMIN MGR. OF QUAL. IMPROV 37.50
Highest
$180,981 $6,958 $187,939
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $57,736,951 $57,812,180 $73,240,778 $-75,229
2022 $54,130,609 $52,422,862 $67,665,322 $1,707,747
2021 $54,050,053 $49,146,258 $69,499,999 $4,903,795
2020 $49,860,247 $49,172,171 $57,189,321 $688,076
2019 $48,942,139 $49,168,588 $56,434,935 $-226,449
2018 $49,297,789 $48,841,188 $56,177,669 $456,601
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