Eldercare Initiatives Inc

Eldercare Initiatives Inc. faces persistent operating deficits and high liabilities, eroding assets over time.

EIN: 201920032 · South Hadley, MA · NTEE: L22 · Updated: 2026-03-28

$567KRevenue

$5.0MAssets

45/100Mission Score (Fair)

L22

About Eldercare Initiatives Inc

Eldercare Initiatives Inc (EIN: 201920032) is a nonprofit organization based in South Hadley, MA, classified under NTEE code L22. The organization reported total revenue of $567K and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eldercare Initiatives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Eldercare Initiatives Inc. demonstrates consistent financial operations, with revenues generally in the range of $400,000-$500,000 annually. However, a significant concern is the consistent deficit spending, where expenses have exceeded revenue in every reported period, including the latest 202312 period where expenses were $671,819 against revenues of $572,354. This trend has led to a gradual decline in assets over time, from $6,498,966 in 2014 to $5,153,165 in 2023. While the organization maintains substantial assets, the persistent operating losses are unsustainable long-term without a change in financial strategy or increased funding.

The organization's liabilities have remained consistently high, hovering around $6.9 million across all reported periods, significantly exceeding its assets. This indicates a precarious financial position, with liabilities almost 1.35 times its assets in the latest filing. The lack of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation is reported under other expense categories, which could impact transparency regarding leadership costs. Further investigation into the nature of these liabilities and the funding sources covering the deficits would be crucial for a complete financial picture.

Given the consistent operating deficits and high liabilities relative to assets, Eldercare Initiatives Inc. faces significant financial challenges. While the NTEE code L22 (Elder Care) suggests a clear program focus, the financial data points to a need for improved financial management to ensure long-term sustainability. The absence of officer compensation is a positive for direct program spending, but the overall financial health is concerning due to the persistent negative net income.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Eldercare Initiatives Inc with a Mission Score of 45 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, Eldercare Initiatives 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.

Executive Compensation Analysis

No officer compensation has been reported in any of the available IRS 990 filings, suggesting either a volunteer executive team or that compensation is categorized differently, which could impact the clarity of administrative costs.

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 Eldercare Initiatives Inc's IRS 990 filings:

Consistent operating deficits (expenses exceeding revenue in all reported periods)
High liabilities consistently exceeding total assets (e.g., $6.9M liabilities vs. $5.1M assets in 2023)
Steady decline in total assets over the past decade
Lack of transparency regarding the nature of significant liabilities

Strengths

The following positive indicators were identified for Eldercare Initiatives Inc:

No reported officer compensation, suggesting efficient use of funds at the executive level or volunteer leadership.
Clear mission focus indicated by NTEE code L22 (Elder Care).

Frequently Asked Questions about Eldercare Initiatives Inc

How does Eldercare Initiatives Inc. cover its consistent operating deficits?

The organization consistently spends more than it earns, with expenses exceeding revenue in every reported period. For example, in 2023, expenses were $671,819 against revenues of $572,354. This deficit spending has led to a decline in assets over time, from $6,498,966 in 2014 to $5,153,165 in 2023. The source of funding for these deficits is not immediately clear from the provided summary data, but it's likely drawing down on reserves or incurring further debt.

What is the nature of the organization's high liabilities?

Eldercare Initiatives Inc. consistently reports liabilities around $6.9 million, significantly higher than its assets (e.g., $5,153,165 in 2023). The specific nature of these liabilities (e.g., mortgages, bonds, program-related investments) is not detailed in the provided summary, but their magnitude relative to assets is a major financial concern.

Is the organization's asset decline a significant concern?

Yes, the organization's assets have steadily declined from $6,498,966 in 2014 to $5,153,165 in 2023. This trend, coupled with consistent operating deficits, indicates that the organization is consuming its capital to cover ongoing expenses, which is unsustainable in the long term.

Filing History

IRS 990 filing history for Eldercare Initiatives Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Eldercare Initiatives Inc's revenue has grown by 48.9%, moving from $385K to $572K. Total assets decreased by 25.3% over the same period, from $6.9M to $5.2M. Total functional expenses rose by 26.6%, from $531K to $672K. In its most recent filing year (2023), Eldercare Initiatives Inc reported a deficit of $99K, with expenses exceeding revenue. The organization holds $7.0M in liabilities against $5.2M in assets (debt-to-asset ratio: 135.0%), resulting in net assets of $-1,803,526.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$572K	$672K	$5.2M	$7.0M	—	View 990
2022	$514K	$713K	$5.3M	$7.0M	—	View 990
2021	$517K	$678K	$5.5M	$7.0M	—	View 990
2020	$493K	$683K	$5.6M	$7.0M	—	View 990
2019	$475K	$648K	$5.8M	$7.0M	—	View 990
2018	$465K	$605K	$6.0M	$6.9M	—	View 990
2017	$509K	$616K	$6.1M	$6.9M	—	View 990
2016	$450K	$578K	$6.2M	$6.9M	—	View 990
2015	$426K	$588K	$6.3M	$6.9M	—	View 990
2014	$426K	$556K	$6.5M	$6.9M	—	View 990
2013	$425K	$566K	$6.6M	$6.9M	—	View 990
2012	$414K	$540K	$6.8M	$7.0M	—	View 990
2011	$385K	$531K	$6.9M	$6.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $572K, expenses of $672K, and assets of $5.2M (revenue +11.5% year-over-year).
2022: Revenue of $514K, expenses of $713K, and assets of $5.3M (revenue -0.7% year-over-year).
2021: Revenue of $517K, expenses of $678K, and assets of $5.5M (revenue +4.9% year-over-year).
2020: Revenue of $493K, expenses of $683K, and assets of $5.6M (revenue +3.7% year-over-year).
2019: Revenue of $475K, expenses of $648K, and assets of $5.8M (revenue +2.3% year-over-year).
2018: Revenue of $465K, expenses of $605K, and assets of $6.0M (revenue -8.8% year-over-year).
2017: Revenue of $509K, expenses of $616K, and assets of $6.1M (revenue +13.3% year-over-year).
2016: Revenue of $450K, expenses of $578K, and assets of $6.2M (revenue +5.5% year-over-year).
2015: Revenue of $426K, expenses of $588K, and assets of $6.3M (revenue +0.0% year-over-year).
2014: Revenue of $426K, expenses of $556K, and assets of $6.5M (revenue +0.2% year-over-year).
2013: Revenue of $425K, expenses of $566K, and assets of $6.6M (revenue +2.6% year-over-year).
2012: Revenue of $414K, expenses of $540K, and assets of $6.8M (revenue +7.8% year-over-year).
2011: Revenue of $385K, expenses of $531K, and assets of $6.9M.

Data Sources and Methodology

This transparency report for Eldercare Initiatives 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.