Driscoll Healthcare Services
Driscoll Healthcare Services shows recent revenue surge after years of deficit spending, with substantial asset growth.
EIN: 10962276 · Corp Christi, TX · NTEE: E62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $55.6M |
| Total Expenses | $18.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $1.4B |
| Transparency Score | 70/100 |
Is Driscoll Healthcare Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Driscoll Healthcare Services directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Driscoll Healthcare Services
Driscoll Healthcare Services (EIN: 10962276) is a nonprofit organization based in Corp Christi, TX, classified under NTEE code E62. The organization reported total revenue of $55.6M and total assets of $1.9B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Driscoll Healthcare Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Driscoll Healthcare Services is a major nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46.9M |
| Total Expenses | $18.0M |
| Surplus / Deficit | +$28.9M |
| Total Assets | $1.4B |
| Total Liabilities | $26K |
| Net Assets | $1.4B |
| Operating Margin | 61.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 927.1 months |
Financial Health Grade: A
In 2023, Driscoll Healthcare Services reported a surplus of $28.9M with revenue exceeding expenses, holds 927.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Driscoll Healthcare Services's revenue has grown at a compound annual growth rate (CAGR) of 27.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +300.0% | +20.3% | +25.6% |
| 2022 | +93.2% | +22.6% | +30553.9% |
| 2021 | +27.9% | -2.8% | -6.6% |
| 2020 | -13.3% | +0.6% | -4.6% |
| 2019 | +1.9% | +3.0% | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Driscoll Healthcare Services with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Driscoll Healthcare Services 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 surplus of $28.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization with current assets exceeding $1.8 billion and annual revenues in the tens of millions. This could imply that executive compensation is either not reported under 'officer compensation' or that the organization is primarily volunteer-led at the executive level, which would be a significant strength in terms of 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 Driscoll Healthcare Services's IRS 990 filings:
- Consistent historical deficit spending (expenses exceeding revenue) in multiple periods prior to 202308.
- Unusually low or zero reported officer compensation for an organization of this size, warranting further investigation into executive pay structures.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for Driscoll Healthcare Services:
- Significant positive shift in financial performance in 202308, with revenue ($46,920,598) substantially exceeding expenses ($18,008,143).
- Massive growth in assets, from $3,613,623 in 202108 to $1,391,245,016 in 202308, indicating strong financial backing or capital investment.
- Consistent filing of IRS 990s, demonstrating compliance with regulatory transparency requirements.
Frequently Asked Questions about Driscoll Healthcare Services
Is Driscoll Healthcare Services a legitimate charity?
Driscoll Healthcare Services (EIN: 10962276) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $55.6M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Driscoll Healthcare Services spend its money?
Driscoll Healthcare Services directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Driscoll Healthcare Services tax-deductible?
Driscoll Healthcare Services is registered as a tax-exempt nonprofit (EIN: 10962276). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Driscoll Healthcare Services CEO make?
Driscoll Healthcare Services's highest-compensated officer earns $1.8 annually. The organization reported $55.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Driscoll Healthcare Services's spending goes to programs?
Driscoll Healthcare Services directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Driscoll Healthcare Services compare to similar nonprofits?
With a transparency score of 70/100 (Good), Driscoll Healthcare Services is above average for NTEE category E62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Driscoll Healthcare Services located?
Driscoll Healthcare Services is headquartered in Corp Christi, Texas and files with the IRS under EIN 10962276. It is classified under NTEE code E62.
How many years of IRS 990 filings does Driscoll Healthcare Services have?
Driscoll Healthcare Services has 14 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 $55.6M in total revenue.
Why was officer compensation consistently reported as 0% across all filings, despite the organization's size?
The consistent reporting of 0% officer compensation is atypical for an organization of Driscoll Healthcare Services' scale. This could mean executive compensation is categorized differently, or the organization relies heavily on volunteer leadership, which would be a positive for efficiency.
What caused the dramatic increase in assets from $3,613,623 in 202108 to $1,391,245,016 in 202308?
The substantial increase in assets suggests significant capital investments, endowments, or a major acquisition. Further details would be needed from the full 990 filings to understand the nature of this growth.
How does Driscoll Healthcare Services manage to operate with expenses frequently exceeding revenue in earlier periods?
Historically, the organization likely covered deficits by drawing from existing assets or receiving significant non-operating income not reflected in the 'revenue' line item. The recent positive revenue-to-expense ratio in 202308 indicates a shift in financial performance.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a complete assessment of spending efficiency and would be found in the full IRS 990 filing.
Filing History
IRS 990 filing history for Driscoll Healthcare Services showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Driscoll Healthcare Services's revenue has grown by 1819.1%, moving from $2.4M to $46.9M. Total assets increased by 49823.1% over the same period, from $2.8M to $1.4B. Total functional expenses rose by 155.1%, from $7.1M to $18.0M. In its most recent filing year (2023), Driscoll Healthcare Services reported a surplus of $28.9M, with revenue exceeding expenses. The organization holds $26K in liabilities against $1.4B in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46.9M | $18.0M | $1.4B | $26K | — | — |
| 2022 | $11.7M | $15.0M | $1.1B | $0 | — | — |
| 2021 | $6.1M | $12.2M | $3.6M | $0 | — | View 990 |
| 2020 | $4.7M | $12.6M | $3.9M | $0 | — | — |
| 2019 | $5.5M | $12.5M | $4.1M | $7K | — | View 990 |
| 2018 | $5.4M | $12.1M | $4.7M | $8K | — | View 990 |
| 2017 | $1.7M | $3.7M | $5.2M | $8K | — | View 990 |
| 2017 | $5.3M | $10.9M | $5.1M | $0 | — | View 990 |
| 2016 | $4.7M | $10.6M | $5.3M | $0 | — | View 990 |
| 2015 | $3.3M | $9.0M | $5.5M | $0 | — | View 990 |
| 2014 | $3.4M | $8.2M | $5.6M | $0 | — | View 990 |
| 2013 | $2.3M | $7.5M | $5.7M | $0 | — | View 990 |
| 2012 | $2.4M | $7.7M | $5.8M | $0 | — | View 990 |
| 2011 | $2.4M | $7.1M | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.9M, expenses of $18.0M, and assets of $1.4B (revenue +300.0% year-over-year).
- 2022: Revenue of $11.7M, expenses of $15.0M, and assets of $1.1B (revenue +93.2% year-over-year).
- 2021: Revenue of $6.1M, expenses of $12.2M, and assets of $3.6M (revenue +27.9% year-over-year).
- 2020: Revenue of $4.7M, expenses of $12.6M, and assets of $3.9M (revenue -13.3% year-over-year).
- 2019: Revenue of $5.5M, expenses of $12.5M, and assets of $4.1M (revenue +1.9% year-over-year).
- 2018: Revenue of $5.4M, expenses of $12.1M, and assets of $4.7M (revenue +218.0% year-over-year).
- 2017: Revenue of $1.7M, expenses of $3.7M, and assets of $5.2M (revenue -68.0% year-over-year).
- 2017: Revenue of $5.3M, expenses of $10.9M, and assets of $5.1M (revenue +12.6% year-over-year).
- 2016: Revenue of $4.7M, expenses of $10.6M, and assets of $5.3M (revenue +43.3% year-over-year).
- 2015: Revenue of $3.3M, expenses of $9.0M, and assets of $5.5M (revenue -3.5% year-over-year).
- 2014: Revenue of $3.4M, expenses of $8.2M, and assets of $5.6M (revenue +48.6% year-over-year).
- 2013: Revenue of $2.3M, expenses of $7.5M, and assets of $5.7M (revenue -5.5% year-over-year).
- 2012: Revenue of $2.4M, expenses of $7.7M, and assets of $5.8M (revenue -1.2% year-over-year).
- 2011: Revenue of $2.4M, expenses of $7.1M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Driscoll Healthcare Services:
Data Sources and Methodology
This transparency report for Driscoll Healthcare Services 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.