Is Settlement Health And Medical Services Inc Legit?
Quick charity verification for Settlement Health And Medical Services Inc (EIN: 132957943)
Verdict: Settlement Health And Medical Services Inc appears trustworthy
85/100Mission Score
$16.3MRevenue
$16.5MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for an organization with over $16 million in revenue, which could indicate compensation through a related party not fully transparent in these filings or an unusual operational model.
Strengths
Consistent financial reporting over 13 periods, demonstrating transparency and compliance.
Substantial and stable revenue base, with latest revenue at $16,346,249.
Significant asset base ($14,485,483 in 2023) providing financial stability.
No reported officer compensation, suggesting high efficiency in directing funds to programs.
Spending Breakdown
How Settlement Health And Medical Services Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
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 Settlement Health And Medical Services Inc
Is Settlement Health And Medical Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Settlement Health And Medical Services Inc (EIN: 132957943) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Settlement Health And Medical Services Inc a good charity to donate to?
Settlement Health And Medical Services Inc has a Mission Score of 85/100. Revenue: $16.3M. Assets: $16.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Settlement Health And Medical Services Inc?
The Employer Identification Number (EIN) for Settlement Health And Medical Services Inc is 132957943. 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 Settlement Health And Medical Services Inc spend its money?
Settlement Health And Medical Services Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Settlement Health And Medical Services Inc's tax-exempt status?
You can verify Settlement Health And Medical Services Inc's tax-exempt status using EIN 132957943 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
Settlement Health And Medical Services Inc demonstrates consistent financial activity, with revenues generally in line with expenses over the past decade. While there was a slight deficit in the most recent filing period (202312) with expenses exceeding revenue by approximately $400,000, this follows a surplus in the prior two years. The organization's assets have fluctuated but remain substantial at $14.48 million in 2023, providing a solid financial base. Liabilities have also seen some variation but appear manageable relative to assets.
The organization's spending efficiency appears to be strong, particularly given the reported 0% officer compensation across all available filings. This suggests a commitment to directing resources towards its mission rather than executive salaries. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated, but the absence of officer compensation is a positive indicator.
Transparency is high regarding executive compensation, as the filings consistently report 0% for officers. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to regulatory compliance and public disclosure. Further transparency could be enhanced by providing more detailed expense breakdowns in publicly accessible documents beyond the summary data.