Banner Northlake Therapeutic Inc
EIN: 882916086 · Boca Raton, FL · NTEE: B28
About Banner Northlake Therapeutic Inc
Banner Northlake Therapeutic Inc (EIN: 882916086) is a nonprofit organization based in Boca Raton, FL, classified under NTEE code B28. The organization reported total revenue of $3.0M and total assets of $903K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Banner Northlake Therapeutic Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Banner Northlake Therapeutic Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Banner Northlake Therapeutic Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Banner Northlake Therapeutic Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Banner Northlake Therapeutic Inc's revenue has grown by 494.1%, moving from $362K to $2.1M. Total assets increased by 69.8% over the same period, from $354K to $601K. Total functional expenses rose by 405.9%, from $434K to $2.2M. In its most recent filing year (2023), Banner Northlake Therapeutic Inc reported a deficit of $48K, with expenses exceeding revenue. The organization holds $721K in liabilities against $601K in assets (debt-to-asset ratio: 120.0%), resulting in net assets of $-120,246.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.2M | $601K | $721K | — | — |
| 2022 | $362K | $434K | $354K | $426K | — | View 990 |
Data Sources and Methodology
This transparency report for Banner Northlake Therapeutic 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.