Adventist Physician Services Inc
Adventist Physician Services Inc. consistently operates at a significant deficit with rapidly increasing liabilities.
EIN: 204600646 · Gaithersburg, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.6M |
| Total Expenses | $47.6M |
| Program Spending | 80% |
| Net Assets | $-132,017,754 |
| Transparency Score | 40/100 |
Is Adventist Physician Services Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adventist Physician Services Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adventist Physician Services Inc
Adventist Physician Services Inc (EIN: 204600646) is a nonprofit organization based in Gaithersburg, MD. The organization reported total revenue of $30.6M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adventist Physician Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adventist Physician Services Inc is a large nonprofit that has been operating for 79 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.4M |
| Total Expenses | $47.6M |
| Surplus / Deficit | $-18,188,640 |
| Total Assets | $5.1M |
| Total Liabilities | $137.1M |
| Net Assets | $-132,017,754 |
| Operating Margin | -61.8% |
| Debt-to-Asset Ratio | 2678.6% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, Adventist Physician Services Inc reported a deficit of $18.2M with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 2678.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Adventist Physician Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +11.4% | -37.5% |
| 2022 | +83.4% | +41.1% | -33.0% |
| 2021 | +23.8% | +17.7% | +78.1% |
| 2020 | +109.6% | +54.0% | +218.5% |
| 2019 | -6.1% | +2.4% | -43.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1947 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adventist Physician Services Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Adventist Physician Services Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2678.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Adventist Physician Services Inc's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $18.1M in 2023, $12.5M in 2022).
- Rapidly escalating liabilities (from $54.4M in 2014 to $137.1M in 2023).
- Liabilities significantly outweigh assets (e.g., $137.1M liabilities vs. $5.1M assets in 2023).
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for Adventist Physician Services Inc:
- Reported 0% officer compensation across all available filings, indicating no executive pay from the organization.
Frequently Asked Questions about Adventist Physician Services Inc
Is Adventist Physician Services Inc a legitimate charity?
Adventist Physician Services Inc (EIN: 204600646) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 40/100. It has 12 years of IRS 990 filings on record. Total revenue: $30.6M. 4 red flags identified. 1 strength noted. Financial health grade: D.
How does Adventist Physician Services Inc spend its money?
Adventist Physician Services Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Adventist Physician Services Inc tax-deductible?
Adventist Physician Services Inc is registered as a tax-exempt nonprofit (EIN: 204600646). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Adventist Physician Services Inc's spending goes to programs?
Adventist Physician Services Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Adventist Physician Services Inc located?
Adventist Physician Services Inc is headquartered in Gaithersburg, Maryland and files with the IRS under EIN 204600646.
How many years of IRS 990 filings does Adventist Physician Services Inc have?
Adventist Physician Services Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $30.6M in total revenue.
How does Adventist Physician Services Inc. cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue, for example, a $18.1 million deficit in 2023 ($47.6M expenses vs. $29.4M revenue). This suggests reliance on other funding sources, such as loans or prior reserves, which is reflected in the rapidly increasing liabilities.
What is the long-term plan for managing the escalating liabilities?
Liabilities have increased from $54.4 million in 2014 to $137.1 million in 2023, significantly outpacing assets. This trend raises concerns about financial sustainability and solvency.
What are the specific program activities and their associated costs?
The provided data does not detail the breakdown of expenses into program, administrative, or fundraising categories, making it difficult to assess the efficiency of program spending.
Why is the NTEE code unknown for this organization?
The NTEE code, which classifies the organization's primary purpose, is not available in the provided data. This limits the ability to compare its financial performance against similar organizations.
Filing History
IRS 990 filing history for Adventist Physician Services Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Adventist Physician Services Inc's revenue has grown by 174.2%, moving from $10.7M to $29.4M. Total assets increased by 80.5% over the same period, from $2.8M to $5.1M. Total functional expenses rose by 129.1%, from $20.8M to $47.6M. In its most recent filing year (2023), Adventist Physician Services Inc reported a deficit of $18.2M, with expenses exceeding revenue. The organization holds $137.1M in liabilities against $5.1M in assets (debt-to-asset ratio: 2678.6%), resulting in net assets of $-132,017,754.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.4M | $47.6M | $5.1M | $137.1M | — | — |
| 2022 | $30.2M | $42.8M | $8.2M | $121.7M | — | View 990 |
| 2021 | $16.5M | $30.3M | $12.2M | $106.3M | — | View 990 |
| 2020 | $13.3M | $25.7M | $6.9M | $62.2M | — | View 990 |
| 2019 | $6.3M | $16.7M | $2.2M | $35.9M | — | View 990 |
| 2018 | $6.8M | $16.3M | $3.8M | $28.0M | — | View 990 |
| 2017 | $6.6M | $17.1M | $3.1M | $17.8M | — | View 990 |
| 2016 | $4.9M | $17.5M | $3.4M | $61.0M | — | View 990 |
| 2015 | $27.8M | $42.9M | $6.0M | $71.1M | — | View 990 |
| 2014 | $20.6M | $32.2M | $4.5M | $54.5M | — | View 990 |
| 2013 | $15.9M | $25.6M | $3.8M | $42.2M | — | View 990 |
| 2012 | $10.7M | $20.8M | $2.8M | $31.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.4M, expenses of $47.6M, and assets of $5.1M (revenue -2.7% year-over-year).
- 2022: Revenue of $30.2M, expenses of $42.8M, and assets of $8.2M (revenue +83.4% year-over-year).
- 2021: Revenue of $16.5M, expenses of $30.3M, and assets of $12.2M (revenue +23.8% year-over-year).
- 2020: Revenue of $13.3M, expenses of $25.7M, and assets of $6.9M (revenue +109.6% year-over-year).
- 2019: Revenue of $6.3M, expenses of $16.7M, and assets of $2.2M (revenue -6.1% year-over-year).
- 2018: Revenue of $6.8M, expenses of $16.3M, and assets of $3.8M (revenue +2.1% year-over-year).
- 2017: Revenue of $6.6M, expenses of $17.1M, and assets of $3.1M (revenue +34.4% year-over-year).
- 2016: Revenue of $4.9M, expenses of $17.5M, and assets of $3.4M (revenue -82.3% year-over-year).
- 2015: Revenue of $27.8M, expenses of $42.9M, and assets of $6.0M (revenue +34.8% year-over-year).
- 2014: Revenue of $20.6M, expenses of $32.2M, and assets of $4.5M (revenue +29.1% year-over-year).
- 2013: Revenue of $15.9M, expenses of $25.6M, and assets of $3.8M (revenue +48.6% year-over-year).
- 2012: Revenue of $10.7M, expenses of $20.8M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adventist Physician Services Inc:
Data Sources and Methodology
This transparency report for Adventist Physician Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.