Is Loretto Health And Rehabilitation Center Legit?

Quick charity verification for Loretto Health And Rehabilitation Center (EIN: 200503099)

Verdict: Loretto Health And Rehabilitation Center shows mixed signals

60/100Mission Score

$73.7MRevenue

$31.0MAssets

4Red Flags

3Strengths

Red Flags

Persistent operating deficits (8 out of 10 years, e.g., $8.7M deficit in 2023).
Liabilities consistently exceed assets (e.g., $43.9M liabilities vs. $30.3M assets in 2023).
Declining asset base over the last decade (from $43.4M in 2014 to $30.3M in 2023).
Unusual 0% reported officer compensation across all filings for a large organization.

Strengths

Substantial and consistent revenue generation, indicating a strong demand for services (e.g., $70.1M in 2023).
Long operational history with 13 filings, suggesting established presence and experience.
Provides essential health and rehabilitation services in its community (NTEE Code E91).

Spending Breakdown

How Loretto Health And Rehabilitation Center allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Loretto Health And Rehabilitation Center

Is Loretto Health And Rehabilitation Center a legitimate charity?

Based on AI analysis of IRS 990 filings, Loretto Health And Rehabilitation Center (EIN: 200503099) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.

Is Loretto Health And Rehabilitation Center a good charity to donate to?

Loretto Health And Rehabilitation Center has a Mission Score of 60/100. Revenue: $73.7M. Assets: $31.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Loretto Health And Rehabilitation Center?

The Employer Identification Number (EIN) for Loretto Health And Rehabilitation Center is 200503099. 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 Loretto Health And Rehabilitation Center spend its money?

Loretto Health And Rehabilitation Center allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Loretto Health And Rehabilitation Center's tax-exempt status?

You can verify Loretto Health And Rehabilitation Center's tax-exempt status using EIN 200503099 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

Loretto Health And Rehabilitation Center, operating in Syracuse, NY, demonstrates a consistent operational deficit in recent years, with expenses exceeding revenue in 8 out of the last 10 reported periods. For instance, in 2023, expenses were $78,838,562 against revenues of $70,125,097, indicating a significant shortfall. This trend suggests potential challenges in achieving financial sustainability, despite its substantial revenue base. The organization's assets have also shown a gradual decline from $43,417,973 in 2014 to $30,337,580 in 2023, while liabilities have remained high, often exceeding assets, as seen in 2023 where liabilities were $43,987,815. This financial structure, with liabilities consistently higher than assets, raises concerns about long-term solvency and financial health.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational losses imply that the current revenue streams are insufficient to cover overall expenditures. The reported 0% officer compensation across all filings is unusual for an organization of this size and could indicate that executive compensation is reported under other expense categories or that the organization relies heavily on non-compensated leadership, which would be a positive indicator for resource allocation if true. Further clarity on this would enhance transparency.

Overall, while the organization provides essential health and rehabilitation services, its financial health appears strained due to persistent operating deficits and a declining asset base relative to liabilities. Improved financial management to align expenses with revenues, or diversification of funding, would be beneficial. The lack of reported officer compensation is a notable point, but without further detail on how leadership is compensated, a full assessment of transparency in this area is difficult.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.