Quick charity verification for Monroe Plan For Medical Care Inc (EIN: 160973194)
Verdict: Monroe Plan For Medical Care Inc appears trustworthy
78/100Mission Score
$40.7MRevenue
$117.5MAssets
3Red Flags
3Strengths
Red Flags
Dramatic decline in revenue over the past decade (from $199M in 2014 to $20.5M in 2023) without clear explanation in provided data.
Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual executive remuneration.
Expenses exceeding revenue in recent periods (e.g., 2023: $23.4M expenses vs. $20.5M revenue), indicating operating deficits.
Strengths
Maintains a very strong asset base (over $114 million in 2023), providing significant financial stability.
Historically strong program spending efficiency, with a high percentage of expenses directed towards mission-related activities.
Low reported liabilities relative to assets (e.g., $5.9M liabilities vs. $114.8M assets in 2023).
Spending Breakdown
How Monroe Plan For Medical Care Inc allocates its funds across programs, administration, and fundraising.
88%
Program Spending
Healthy — majority goes to mission
9%
Admin Costs
Reasonable — admin costs in check
3%
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 Monroe Plan For Medical Care Inc
Is Monroe Plan For Medical Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Monroe Plan For Medical Care Inc (EIN: 160973194) appears trustworthy. Mission Score: 78/100. 3 red flags identified, 3 strengths noted.
Is Monroe Plan For Medical Care Inc a good charity to donate to?
Monroe Plan For Medical Care Inc has a Mission Score of 78/100. Revenue: $40.7M. Assets: $117.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Monroe Plan For Medical Care Inc?
The Employer Identification Number (EIN) for Monroe Plan For Medical Care Inc is 160973194. 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 Monroe Plan For Medical Care Inc spend its money?
Monroe Plan For Medical Care Inc allocates 88% to programs, 9% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Monroe Plan For Medical Care Inc's tax-exempt status?
You can verify Monroe Plan For Medical Care Inc's tax-exempt status using EIN 160973194 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
Monroe Plan For Medical Care Inc demonstrates a consistent financial position with substantial assets, averaging over $117 million in recent years. However, the organization has experienced a significant decline in revenue from a peak of $199 million in 2014 to $20.5 million in 2023, indicating a substantial shift in its operational scale or funding model. Despite this revenue contraction, expenses have generally remained below or close to revenue in most recent periods, suggesting a degree of financial stability, though the 2023 filing shows expenses exceeding revenue by nearly $3 million.
The organization's spending efficiency appears to be strong, with a high proportion of expenses directed towards program services. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and could indicate that executive salaries are not drawn from the organization's direct operational budget or are reported differently, which warrants further investigation for a complete picture. The substantial asset base provides a strong buffer, but the trend of declining revenue and occasional operating deficits should be monitored.
Overall, while the organization maintains a robust asset base and appears to manage its spending efficiently, the dramatic decrease in revenue over the past decade and recent operating deficits raise questions about its long-term sustainability and the evolving nature of its operations. The consistent 0% officer compensation is a positive transparency indicator, but understanding the full compensation structure would enhance clarity.