Cooperative Healthcare Services Inc
Cooperative Healthcare Services Inc. consistently operates at a significant deficit, with expenses far exceeding revenue for over a decade.
EIN: 10594994 · Brunswick, GA · NTEE: E300 · Updated: 2026-03-26
Is Cooperative Healthcare Services Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cooperative Healthcare Services Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cooperative Healthcare Services Inc
Cooperative Healthcare Services Inc (EIN: 10594994) is a nonprofit organization based in Brunswick, GA, classified under NTEE code E300. The organization reported total revenue of $85.7M and total assets of $13.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cooperative Healthcare Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cooperative Healthcare Services Inc is a major nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79.7M |
| Total Expenses | $117.1M |
| Surplus / Deficit | $-37,448,044 |
| Total Assets | $13.9M |
| Total Liabilities | $30.4M |
| Net Assets | $-16,475,837 |
| Operating Margin | -47.0% |
| Debt-to-Asset Ratio | 218.3% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Cooperative Healthcare Services Inc reported a deficit of $37.4M with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 218.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cooperative Healthcare Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +1.3% | -3.1% |
| 2022 | +8.5% | +8.0% | -7.9% |
| 2021 | +5.4% | +7.2% | +46.3% |
| 2020 | +2.1% | +1.2% | -19.7% |
| 2019 | +9.6% | +5.1% | +12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Cooperative Healthcare 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, Cooperative Healthcare 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 $37.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 218.3%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is a positive aspect for minimizing executive overhead.
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 Cooperative Healthcare Services Inc's IRS 990 filings:
- Consistent and substantial operating deficits (e.g., $37M in 202304, $39M in 202204).
- Liabilities consistently exceed assets, indicating potential solvency issues (e.g., $30.4M liabilities vs. $13.9M assets in 202304).
- Lack of detailed expense breakdown to assess spending efficiency across categories.
- Long-term financial instability due to persistent negative net income over a decade.
Strengths
The following positive indicators were identified for Cooperative Healthcare Services Inc:
- Reports 0% officer compensation across all filings, indicating no executive salary burden.
- Significant revenue generation, with latest revenue at $85,656,887, suggesting a large operational scale.
Frequently Asked Questions about Cooperative Healthcare Services Inc
Is Cooperative Healthcare Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cooperative Healthcare Services Inc (EIN: 10594994) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does Cooperative Healthcare Services Inc spend its money?
Cooperative Healthcare Services Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cooperative Healthcare Services Inc tax-deductible?
Cooperative Healthcare Services Inc is registered as a tax-exempt nonprofit (EIN: 10594994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cooperative Healthcare Services Inc. cover its consistent and substantial operating deficits?
The provided data consistently shows expenses significantly exceeding revenue (e.g., $117M expenses vs. $79M revenue in 202304). It is unclear from this data how these deficits are funded, whether through drawing down reserves, debt, or other non-revenue income sources not detailed here.
What is the long-term sustainability plan for an organization with such persistent negative net income?
Operating with deficits of over $30 million annually (e.g., $37M in 202304) for many years raises serious questions about the organization's financial sustainability and its ability to continue its mission without significant changes to its financial model.
What are the specific components of the high expenses, and how are they allocated between program services, administration, and fundraising?
Without a detailed breakdown of expenses beyond the total, it's challenging to assess the efficiency of spending. The high overall expenses relative to revenue suggest a need for greater transparency in expense categorization.
Why are liabilities consistently higher than assets, and what is the plan to address this imbalance?
In 202304, liabilities were $30,404,495 while assets were $13,928,658. This consistent imbalance indicates potential solvency risks and warrants an explanation of the nature of these liabilities and the strategy to improve the asset-to-liability ratio.
Filing History
IRS 990 filing history for Cooperative Healthcare Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cooperative Healthcare Services Inc's revenue has grown by 254.8%, moving from $22.5M to $79.7M. Total assets decreased by 16% over the same period, from $16.6M to $13.9M. Total functional expenses rose by 228.3%, from $35.7M to $117.1M. In its most recent filing year (2023), Cooperative Healthcare Services Inc reported a deficit of $37.4M, with expenses exceeding revenue. The organization holds $30.4M in liabilities against $13.9M in assets (debt-to-asset ratio: 218.3%), resulting in net assets of $-16,475,837.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79.7M | $117.1M | $13.9M | $30.4M | — | View 990 |
| 2022 | $76.1M | $115.7M | $14.4M | $30.8M | — | View 990 |
| 2021 | $70.1M | $107.1M | $15.6M | $28.1M | — | View 990 |
| 2020 | $66.6M | $99.9M | $10.7M | $20.9M | — | View 990 |
| 2019 | $65.2M | $98.8M | $13.3M | $21.4M | — | View 990 |
| 2018 | $59.5M | $93.9M | $11.8M | $18.3M | — | View 990 |
| 2017 | $56.1M | $85.2M | $11.8M | $12.7M | — | View 990 |
| 2016 | $53.9M | $83.2M | $12.9M | $12.9M | — | View 990 |
| 2015 | $49.8M | $76.7M | $14.1M | $36.0M | — | View 990 |
| 2014 | $40.6M | $72.0M | $15.0M | $10.0M | — | View 990 |
| 2013 | $37.5M | $64.5M | $17.9M | $7.4M | — | View 990 |
| 2012 | $29.0M | $51.8M | $19.9M | $7.9M | — | View 990 |
| 2011 | $22.5M | $35.7M | $16.6M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79.7M, expenses of $117.1M, and assets of $13.9M (revenue +4.6% year-over-year).
- 2022: Revenue of $76.1M, expenses of $115.7M, and assets of $14.4M (revenue +8.5% year-over-year).
- 2021: Revenue of $70.1M, expenses of $107.1M, and assets of $15.6M (revenue +5.4% year-over-year).
- 2020: Revenue of $66.6M, expenses of $99.9M, and assets of $10.7M (revenue +2.1% year-over-year).
- 2019: Revenue of $65.2M, expenses of $98.8M, and assets of $13.3M (revenue +9.6% year-over-year).
- 2018: Revenue of $59.5M, expenses of $93.9M, and assets of $11.8M (revenue +6.0% year-over-year).
- 2017: Revenue of $56.1M, expenses of $85.2M, and assets of $11.8M (revenue +4.1% year-over-year).
- 2016: Revenue of $53.9M, expenses of $83.2M, and assets of $12.9M (revenue +8.2% year-over-year).
- 2015: Revenue of $49.8M, expenses of $76.7M, and assets of $14.1M (revenue +22.8% year-over-year).
- 2014: Revenue of $40.6M, expenses of $72.0M, and assets of $15.0M (revenue +8.1% year-over-year).
- 2013: Revenue of $37.5M, expenses of $64.5M, and assets of $17.9M (revenue +29.2% year-over-year).
- 2012: Revenue of $29.0M, expenses of $51.8M, and assets of $19.9M (revenue +29.3% year-over-year).
- 2011: Revenue of $22.5M, expenses of $35.7M, and assets of $16.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cooperative Healthcare Services Inc:
Data Sources and Methodology
This transparency report for Cooperative Healthcare 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.