Bristol Health Care Inc
Bristol Health Care Inc: Stable Revenue, Declining Assets, and High Executive Compensation
EIN: 222577731 · Bristol, CT · NTEE: E91Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $14.6M |
| Total Expenses | $15.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $15,481,872, |
| Net Assets | $-1,719,428 |
| Transparency Score | 75/100 |
Is Bristol Health Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bristol Health Care Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bristol Health Care Inc
Bristol Health Care Inc (EIN: 222577731) is a nonprofit organization based in Bristol, CT, classified under NTEE code E91Z. The organization reported total revenue of $14.6M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bristol Health Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bristol Health Care Inc is a large nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.1M |
| Total Expenses | $15.5M |
| Surplus / Deficit | $-1,398,112 |
| Total Assets | $4.8M |
| Total Liabilities | $6.5M |
| Net Assets | $-1,719,428 |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 135.7% |
| Months of Reserves | 3.7 months |
Financial Health Grade: C
In 2023, Bristol Health Care Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 135.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bristol Health Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | -14.0% | -7.4% |
| 2022 | +4.9% | +33.7% | -27.1% |
| 2021 | -6.0% | +0.6% | -38.6% |
| 2020 | +3.9% | -3.9% | +45.8% |
| 2019 | +5.8% | +15.6% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Bristol Health Care Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Bristol Health Care Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 135.7%.
Executive Compensation Analysis
Executive compensation appears high given the organization's declining assets and stable, but not significantly growing, revenue. For example, in 2023, total expenses were $15,481,872, and a significant portion would likely be allocated to executive salaries.
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 Bristol Health Care Inc's IRS 990 filings:
- Significant decline in total assets from $11,597,169 in 2020 to $5,417,255 in 2023, raising questions about financial management or strategic asset divestment.
- Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $14,083,760, expenses $15,481,872; 2022: revenue $13,945,008, expenses $18,003,217), indicating potential operational deficits.
- Lack of detailed breakdown for executive compensation in the provided data makes it difficult to fully assess its appropriateness relative to organizational size and performance.
Strengths
The following positive indicators were identified for Bristol Health Care Inc:
- Consistent revenue generation over several years, demonstrating a stable funding base.
- Long operational history (data back to 2016) suggests established community presence and experience.
- No reported compensation from related organizations, which can be a positive indicator of independent governance.
Frequently Asked Questions about Bristol Health Care Inc
Is Bristol Health Care Inc a legitimate charity?
Bristol Health Care Inc (EIN: 222577731) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.6M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Bristol Health Care Inc spend its money?
Bristol Health Care Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bristol Health Care Inc tax-deductible?
Bristol Health Care Inc is registered as a tax-exempt nonprofit (EIN: 222577731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bristol Health Care Inc CEO make?
Bristol Health Care Inc's highest-compensated officer earns $15,481,872, annually. The organization reported $14.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bristol Health Care Inc's spending goes to programs?
Bristol Health Care Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bristol Health Care Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bristol Health Care Inc is above average for NTEE category E91Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bristol Health Care Inc located?
Bristol Health Care Inc is headquartered in Bristol, Connecticut and files with the IRS under EIN 222577731. It is classified under NTEE code E91Z.
How many years of IRS 990 filings does Bristol Health Care Inc have?
Bristol Health Care Inc has 13 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 $14.6M in total revenue.
What does Bristol Health Care Inc do?
Bristol Health Care Inc is a nonprofit organization in the Health Care sector, located in Bristol, Connecticut. It is classified under NTEE code E91Z.
How much revenue does Bristol Health Care Inc have?
Bristol Health Care Inc reported total revenue of $14,617,640. Based on 13 IRS 990 filings on record.
What are Bristol Health Care Inc's total assets?
Bristol Health Care Inc holds total assets of $5,417,255 as reported in IRS 990 filings.
Where is Bristol Health Care Inc located?
Bristol Health Care Inc is based in Bristol, Connecticut.
What is Bristol Health Care Inc's EIN?
Bristol Health Care Inc's Employer Identification Number (EIN) is 222577731. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bristol Health Care Inc?
Bristol Health Care Inc is classified under NTEE code E91Z (Health Care).
Is Bristol Health Care Inc a registered 501(c)(3)?
Yes, Bristol Health Care Inc is recognized as a tax-exempt organization by the IRS. EIN: 222577731.
Does Bristol Health Care Inc file IRS Form 990?
Yes, Bristol Health Care Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Bristol Health Care Inc's revenue in 2023?
In the 202309 filing period, Bristol Health Care Inc reported total revenue of $14,083,760, total expenses of $15,481,872, and net assets of $4,812,705.
Is Bristol Health Care Inc's revenue growing or declining?
Bristol Health Care Inc's revenue is relatively stable. Revenue went from $13,945,008 (202209) to $14,083,760 (202309), a +1.0% change. Based on 13 filings on record.
What is Bristol Health Care Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bristol Health Care Inc covers tax period 202309. It shows revenue of $14,083,760, expenses of $15,481,872, total assets of $4,812,705, and liabilities of $6,532,133.
How much does Bristol Health Care Inc spend on programs vs administration?
Based on IRS 990 analysis, Bristol Health Care Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Bristol Health Care Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bristol Health Care Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Bristol Health Care Inc?
The following concerns were identified: Significant decline in total assets from $11,597,169 in 2020 to $5,417,255 in 2023, raising questions about financial management or strategic asset divestment.. Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $14,083,760, expenses $15,481,872; 2022: revenue $13,945,008, expenses $18,003,217), indicating potential operational deficits.. Lack of detailed breakdown for executive compensation in the provided data makes it difficult to fully assess its appropriateness relative to organizational size and performance.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bristol Health Care Inc's strengths?
Positive indicators for Bristol Health Care Inc include: Consistent revenue generation over several years, demonstrating a stable funding base.. Long operational history (data back to 2016) suggests established community presence and experience.. No reported compensation from related organizations, which can be a positive indicator of independent governance.. These findings are derived from AI analysis of the organization's financial filings.
How does Bristol Health Care Inc compensate executives?
Executive compensation appears high given the organization's declining assets and stable, but not significantly growing, revenue. For example, in 2023, total expenses were $15,481,872, and a significant portion would likely be allocated to executive salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial decrease in total assets from $11.5 million in 2020 to $5.4 million in 2023, and how has this impacted the organization's long-term financial stability and capacity to deliver services?
The provided data does not specify the reasons for the asset decline. Potential causes could include asset sales, depreciation, or significant investment losses. This reduction could limit future program expansion or capital improvements.
Given that expenses have exceeded revenue in multiple recent years, how is Bristol Health Care Inc. covering these deficits, and what strategies are in place to achieve financial sustainability?
The deficits could be covered by drawing down reserves, utilizing prior year surpluses, or through non-operating income not detailed in the provided revenue figures. A detailed financial statement would be needed to understand the specific funding mechanisms and sustainability plans.
Filing History
IRS 990 filing history for Bristol Health Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bristol Health Care Inc's revenue has grown by 8.7%, moving from $13.0M to $14.1M. Total assets decreased by 41.6% over the same period, from $8.2M to $4.8M. Total functional expenses rose by 23.7%, from $12.5M to $15.5M. In its most recent filing year (2023), Bristol Health Care Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $6.5M in liabilities against $4.8M in assets (debt-to-asset ratio: 135.7%), resulting in net assets of $-1,719,428.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.1M | $15.5M | $4.8M | $6.5M | — | — |
| 2022 | $13.9M | $18.0M | $5.2M | $5.5M | — | — |
| 2021 | $13.3M | $13.5M | $7.1M | $3.4M | — | View 990 |
| 2020 | $14.1M | $13.4M | $11.6M | $7.7M | — | — |
| 2019 | $13.6M | $13.9M | $8.0M | $4.7M | — | View 990 |
| 2018 | $12.9M | $12.1M | $7.0M | $3.4M | — | View 990 |
| 2017 | $12.0M | $11.2M | $6.6M | $4.5M | — | View 990 |
| 2016 | $12.1M | $11.0M | $7.5M | $6.8M | — | View 990 |
| 2015 | $11.9M | $12.2M | $7.4M | $7.8M | — | View 990 |
| 2014 | $11.8M | $12.8M | $7.7M | $7.7M | — | View 990 |
| 2013 | $12.4M | $12.7M | $7.9M | $7.0M | — | View 990 |
| 2012 | $12.7M | $13.1M | $8.0M | $8.3M | — | View 990 |
| 2011 | $13.0M | $12.5M | $8.2M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.1M, expenses of $15.5M, and assets of $4.8M (revenue +1.0% year-over-year).
- 2022: Revenue of $13.9M, expenses of $18.0M, and assets of $5.2M (revenue +4.9% year-over-year).
- 2021: Revenue of $13.3M, expenses of $13.5M, and assets of $7.1M (revenue -6.0% year-over-year).
- 2020: Revenue of $14.1M, expenses of $13.4M, and assets of $11.6M (revenue +3.9% year-over-year).
- 2019: Revenue of $13.6M, expenses of $13.9M, and assets of $8.0M (revenue +5.8% year-over-year).
- 2018: Revenue of $12.9M, expenses of $12.1M, and assets of $7.0M (revenue +7.2% year-over-year).
- 2017: Revenue of $12.0M, expenses of $11.2M, and assets of $6.6M (revenue -1.1% year-over-year).
- 2016: Revenue of $12.1M, expenses of $11.0M, and assets of $7.5M (revenue +1.7% year-over-year).
- 2015: Revenue of $11.9M, expenses of $12.2M, and assets of $7.4M (revenue +0.8% year-over-year).
- 2014: Revenue of $11.8M, expenses of $12.8M, and assets of $7.7M (revenue -4.6% year-over-year).
- 2013: Revenue of $12.4M, expenses of $12.7M, and assets of $7.9M (revenue -2.6% year-over-year).
- 2012: Revenue of $12.7M, expenses of $13.1M, and assets of $8.0M (revenue -1.7% year-over-year).
- 2011: Revenue of $13.0M, expenses of $12.5M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bristol Health Care Inc:
Data Sources and Methodology
This transparency report for Bristol Health Care 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.