Cedars Nursing Care Center Inc
Cedars Nursing Care Center Inc. faces persistent operating deficits despite substantial assets.
EIN: 10211517 · Portland, ME · NTEE: E91Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.5M |
| Total Expenses | $16.4M |
| Program Spending | 85% |
| Net Assets | $131K |
| Transparency Score | 65/100 |
Is Cedars Nursing Care Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cedars Nursing Care Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cedars Nursing Care Center Inc
Cedars Nursing Care Center Inc (EIN: 10211517) is a nonprofit organization based in Portland, ME, classified under NTEE code E91Z. The organization reported total revenue of $14.5M and total assets of $53.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cedars Nursing Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cedars Nursing Care Center Inc is a large nonprofit that has been operating for 84 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.6M |
| Total Expenses | $16.4M |
| Surplus / Deficit | $-1,835,921 |
| Total Assets | $49.3M |
| Total Liabilities | $49.2M |
| Net Assets | $131K |
| Operating Margin | -12.6% |
| Debt-to-Asset Ratio | 99.7% |
| Months of Reserves | 36.0 months |
Financial Health Grade: C
In 2023, Cedars Nursing Care Center Inc reported a deficit of $1.8M with expenses exceeding revenue, holds 36.0 months of operating reserves (strong position), has a debt-to-asset ratio of 99.7% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Cedars Nursing Care Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.1% | -0.4% | +0.7% |
| 2022 | -6.4% | +13.1% | -5.0% |
| 2021 | +2.6% | +5.0% | -2.1% |
| 2020 | -6.2% | +0.7% | +144.6% |
| 2019 | +8.6% | -2.4% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 9000 |
| IRS Ruling Date | 1942 |
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 Cedars Nursing Care Center Inc with a Mission Score of 65 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: 85%
- fundraising: 5%
According to IRS 990 filings, Cedars Nursing Care Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership model or that executive compensation is reported under different expense categories, which could impact transparency.
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 Cedars Nursing Care Center Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in most recent filings (e.g., $16.4M expenses vs. $14.5M revenue in 2023).
- High liabilities relative to assets, indicating limited unrestricted net assets (e.g., $49.1M liabilities vs. $49.3M assets in 2023).
- Lack of reported officer compensation, which could obscure true leadership costs if compensation is reported elsewhere.
Strengths
The following positive indicators were identified for Cedars Nursing Care Center Inc:
- Substantial asset base ($49.3M in 2023) provides some financial cushion.
- NTEE code E91Z (Nursing Homes) indicates a direct focus on a critical community service.
- Consistent revenue generation over $12 million annually, demonstrating a stable operational scale.
Frequently Asked Questions about Cedars Nursing Care Center Inc
Is Cedars Nursing Care Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cedars Nursing Care Center Inc (EIN: 10211517) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Cedars Nursing Care Center Inc spend its money?
Cedars Nursing Care Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cedars Nursing Care Center Inc tax-deductible?
Cedars Nursing Care Center Inc is registered as a tax-exempt nonprofit (EIN: 10211517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cedars Nursing Care Center Inc's spending goes to programs?
Cedars Nursing Care Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cedars Nursing Care Center Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Cedars Nursing Care Center 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 Cedars Nursing Care Center Inc located?
Cedars Nursing Care Center Inc is headquartered in Portland, Maine and files with the IRS under EIN 10211517. It is classified under NTEE code E91Z.
How many years of IRS 990 filings does Cedars Nursing Care Center Inc have?
Cedars Nursing Care Center 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 $14.5M in total revenue.
How does Cedars Nursing Care Center Inc. cover its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue, for example, a $1.8 million deficit in 2023 ($16.4M expenses vs. $14.5M revenue). This suggests they may be drawing from reserves, receiving unreported grants, or relying on other financial mechanisms not immediately apparent from the top-line revenue and expense figures.
What is the true cost of leadership given the 0% officer compensation?
While 0% officer compensation is reported, it's important to understand if leadership is entirely volunteer or if compensation is categorized differently (e.g., as salaries for key employees rather than officers), which would affect the true administrative cost.
What is the organization's strategy for improving its financial sustainability?
Given the recurring operational deficits, understanding the organization's plan to increase revenue or reduce expenses to achieve financial stability is crucial for long-term viability.
Filing History
IRS 990 filing history for Cedars Nursing Care Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Cedars Nursing Care Center Inc's revenue has grown by 26.9%, moving from $11.5M to $14.6M. Total assets increased by 501.2% over the same period, from $8.2M to $49.3M. Total functional expenses rose by 46.3%, from $11.2M to $16.4M. In its most recent filing year (2023), Cedars Nursing Care Center Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $49.2M in liabilities against $49.3M in assets (debt-to-asset ratio: 99.7%), resulting in net assets of $131K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.6M | $16.4M | $49.3M | $49.2M | — | View 990 |
| 2022 | $12.5M | $16.5M | $49.0M | $47.0M | — | View 990 |
| 2021 | $13.3M | $14.6M | $51.6M | $45.5M | — | View 990 |
| 2020 | $13.0M | $13.9M | $52.7M | $45.7M | — | View 990 |
| 2019 | $13.8M | $13.8M | $21.5M | $21.6M | — | View 990 |
| 2018 | $12.7M | $14.1M | $21.8M | $21.4M | — | View 990 |
| 2017 | $12.8M | $13.5M | $21.5M | $20.3M | — | View 990 |
| 2016 | $12.7M | $12.8M | $21.9M | $20.9M | — | View 990 |
| 2015 | $12.2M | $12.6M | $22.0M | $20.5M | — | View 990 |
| 2014 | $11.0M | $11.3M | $22.3M | $19.8M | — | View 990 |
| 2013 | $11.1M | $11.3M | $8.0M | $5.9M | — | View 990 |
| 2012 | $11.5M | $11.2M | $8.2M | $6.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.6M, expenses of $16.4M, and assets of $49.3M (revenue +17.1% year-over-year).
- 2022: Revenue of $12.5M, expenses of $16.5M, and assets of $49.0M (revenue -6.4% year-over-year).
- 2021: Revenue of $13.3M, expenses of $14.6M, and assets of $51.6M (revenue +2.6% year-over-year).
- 2020: Revenue of $13.0M, expenses of $13.9M, and assets of $52.7M (revenue -6.2% year-over-year).
- 2019: Revenue of $13.8M, expenses of $13.8M, and assets of $21.5M (revenue +8.6% year-over-year).
- 2018: Revenue of $12.7M, expenses of $14.1M, and assets of $21.8M (revenue -0.6% year-over-year).
- 2017: Revenue of $12.8M, expenses of $13.5M, and assets of $21.5M (revenue +0.6% year-over-year).
- 2016: Revenue of $12.7M, expenses of $12.8M, and assets of $21.9M (revenue +4.3% year-over-year).
- 2015: Revenue of $12.2M, expenses of $12.6M, and assets of $22.0M (revenue +11.2% year-over-year).
- 2014: Revenue of $11.0M, expenses of $11.3M, and assets of $22.3M (revenue -1.2% year-over-year).
- 2013: Revenue of $11.1M, expenses of $11.3M, and assets of $8.0M (revenue -3.3% year-over-year).
- 2012: Revenue of $11.5M, expenses of $11.2M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cedars Nursing Care Center Inc:
Data Sources and Methodology
This transparency report for Cedars Nursing Care Center 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.