Is Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc Legit?
Quick charity verification for Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc (EIN: 202873927)
Verdict: Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc appears trustworthy
70/100Mission Score
$558KRevenue
$0Assets
3Red Flags
2Strengths
Red Flags
Dramatic and unexplained drop in revenue and expenses in the latest filing (202212)
Reporting of $0 assets and liabilities in 2022 after years of significant balances
Inconsistent financial performance year-over-year, particularly between 2021 and 2022
Strengths
Consistent 0% officer compensation across all filings, indicating efficient use of funds for executive pay
Historically strong revenue generation prior to 2022, often exceeding $20 million annually
Spending Breakdown
How Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc
Is Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc (EIN: 202873927) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
Is Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc a good charity to donate to?
Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc has a Mission Score of 70/100. Revenue: $558K. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc?
The Employer Identification Number (EIN) for Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc is 202873927. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc spend its money?
Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc's tax-exempt status?
You can verify Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc's tax-exempt status using EIN 202873927 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc. exhibits a highly variable financial performance over the past few years, with a significant drop in revenue and expenses in the latest filing (202212) compared to previous periods. In 2022, the organization reported revenue of $557,789 against expenses of $15,865, a stark contrast to 2021's revenue of $19,851,362 and expenses of $24,740,850. This dramatic shift, coupled with zero assets and liabilities in 2022, suggests a potential change in operational structure or reporting, or perhaps a winding down of activities, which warrants further investigation for a complete understanding of its current financial health. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to minimizing administrative overhead related to executive pay, which is a positive sign for donor confidence. However, the lack of detailed expense breakdowns in the provided data makes it challenging to fully assess spending efficiency beyond executive compensation. The organization's transparency regarding officer compensation is commendable, but the overall financial picture is obscured by the recent drastic changes.