AI Transparency Report
Ithacare Center Service Co Inc demonstrates consistent financial operations, with revenues generally aligning closely with expenses over the past decade. For instance, in 2023, expenses of $7,063,760 slightly exceeded revenues of $6,759,658, indicating a minor operating deficit. The organization maintains substantial assets, reported at $25,954,334 in 2023, which provides a strong financial cushion relative to its annual operating budget. Liabilities, while significant at $14,263,191 in 2023, have shown a gradual decrease from previous years, suggesting prudent financial management. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, or that executive compensation is handled through a related entity not reflected in these specific filings, which would warrant further investigation for a complete picture of overall compensation.
Given the NTEE code P750 (Nursing Homes, Convalescent Homes), the organization's financial profile appears stable for a service-oriented entity. The close margin between revenue and expenses is typical for organizations focused on direct service delivery rather than accumulating large surpluses. The absence of reported officer compensation on these specific 990s is a notable point for transparency, though it could also indicate a complex organizational structure where compensation is reported elsewhere. Overall, Ithacare Center Service Co Inc appears to be a financially stable organization, effectively managing its resources to deliver its mission.