Fairhaven Healthcare Center Inc
Fairhaven Healthcare Center Inc. faces persistent operating deficits and growing liabilities, with assets significantly outpaced by debt.
EIN: 208745264 · Farmington, CT · NTEE: L200 · Updated: 2026-03-28
Is Fairhaven Healthcare Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairhaven Healthcare Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fairhaven Healthcare Center Inc
Fairhaven Healthcare Center Inc (EIN: 208745264) is a nonprofit organization based in Farmington, CT, classified under NTEE code L200. The organization reported total revenue of $11.9M and total assets of $23.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairhaven Healthcare Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fairhaven Healthcare Center Inc with a Mission Score of 60 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, Fairhaven Healthcare 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.
Executive Compensation Analysis
Fairhaven Healthcare Center Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is unusual for an organization of its size with over $11 million in revenue.
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 Fairhaven Healthcare Center Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in all 11 reported periods.
- Negative net assets: Liabilities significantly outweigh assets, indicating a precarious financial position (e.g., $33.8M liabilities vs. $23.7M assets in 2021).
- Declining revenue trend: Revenue has decreased from $15.4M in 2018 to $11.8M in 2021.
- Unusual 0% officer compensation: For an organization of this size, reporting no compensation for officers, directors, or key employees is highly uncommon and warrants further scrutiny.
Strengths
The following positive indicators were identified for Fairhaven Healthcare Center Inc:
- Consistent IRS 990 filing history: 11 filings demonstrate a commitment to transparency and compliance.
- Focus on mission: As a healthcare center, the majority of expenses are likely directed towards program services, though specific breakdowns are not provided in the summary data.
- Long-standing operation: The extensive filing history suggests a long-established presence in the community.
Frequently Asked Questions about Fairhaven Healthcare Center Inc
Is Fairhaven Healthcare Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairhaven Healthcare Center Inc (EIN: 208745264) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
How does Fairhaven Healthcare Center Inc spend its money?
Fairhaven Healthcare Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fairhaven Healthcare Center Inc tax-deductible?
Fairhaven Healthcare Center Inc is registered as a tax-exempt nonprofit (EIN: 208745264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fairhaven Healthcare Center Inc. financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for all 11 periods, leading to a negative net income. This trend, coupled with liabilities significantly surpassing assets (e.g., $33.8M liabilities vs. $23.7M assets in 2021), raises concerns about its long-term financial sustainability without a clear plan to address these deficits.
What is the reason for the 0% officer compensation reported across all filings?
The filings consistently show 0% officer compensation. This could indicate that executive leadership is compensated through a related entity, or that the roles are entirely volunteer-based, which would be highly unusual for an organization of this scale. Further investigation into the organizational structure and related party transactions would be necessary to understand this.
How does the organization plan to address the growing gap between its assets and liabilities?
In 2021, liabilities ($33,880,632) exceeded assets ($23,711,383) by over $10 million. This growing imbalance, evident over several years, suggests a need for a strategic financial plan to either increase assets, reduce liabilities, or improve operating margins to ensure solvency.
What is the primary driver of the organization's expenses, which consistently exceed its revenue?
While the 990 data shows total expenses, a detailed breakdown of program service expenses versus administrative and fundraising costs would be needed to identify the specific areas driving the consistent overspending relative to revenue. Given its NTEE code (L200 - Nursing Homes), a significant portion is likely related to direct patient care and facility operations.
Filing History
IRS 990 filing history for Fairhaven Healthcare Center Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Fairhaven Healthcare Center Inc's revenue has declined by 17.1%, moving from $14.3M to $11.9M. Total assets decreased by 26.9% over the same period, from $32.4M to $23.7M. Total functional expenses rose by 5.1%, from $14.2M to $15.0M. In its most recent filing year (2021), Fairhaven Healthcare Center Inc reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $33.9M in liabilities against $23.7M in assets (debt-to-asset ratio: 142.9%), resulting in net assets of $-10,169,249.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $11.9M | $15.0M | $23.7M | $33.9M | — | View 990 |
| 2020 | $14.2M | $16.8M | $25.5M | $34.3M | — | — |
| 2019 | $15.1M | $17.1M | $23.1M | $29.3M | — | View 990 |
| 2018 | $15.5M | $16.3M | $25.0M | $29.2M | — | View 990 |
| 2017 | $14.7M | $16.3M | $25.6M | $28.9M | — | View 990 |
| 2016 | $14.8M | $15.3M | $27.5M | $29.3M | — | View 990 |
| 2015 | $14.8M | $15.5M | $29.3M | $30.5M | — | View 990 |
| 2014 | $14.8M | $15.2M | $30.5M | $31.1M | — | View 990 |
| 2013 | $14.6M | $14.7M | $31.4M | $31.5M | — | View 990 |
| 2012 | $14.3M | $14.5M | $31.8M | $31.8M | — | View 990 |
| 2011 | $14.3M | $14.2M | $32.4M | $32.3M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $11.9M, expenses of $15.0M, and assets of $23.7M (revenue -16.3% year-over-year).
- 2020: Revenue of $14.2M, expenses of $16.8M, and assets of $25.5M (revenue -6.1% year-over-year).
- 2019: Revenue of $15.1M, expenses of $17.1M, and assets of $23.1M (revenue -2.2% year-over-year).
- 2018: Revenue of $15.5M, expenses of $16.3M, and assets of $25.0M (revenue +5.0% year-over-year).
- 2017: Revenue of $14.7M, expenses of $16.3M, and assets of $25.6M (revenue -0.2% year-over-year).
- 2016: Revenue of $14.8M, expenses of $15.3M, and assets of $27.5M (revenue -0.4% year-over-year).
- 2015: Revenue of $14.8M, expenses of $15.5M, and assets of $29.3M (revenue +-0.0% year-over-year).
- 2014: Revenue of $14.8M, expenses of $15.2M, and assets of $30.5M (revenue +1.4% year-over-year).
- 2013: Revenue of $14.6M, expenses of $14.7M, and assets of $31.4M (revenue +2.3% year-over-year).
- 2012: Revenue of $14.3M, expenses of $14.5M, and assets of $31.8M (revenue -0.3% year-over-year).
- 2011: Revenue of $14.3M, expenses of $14.2M, and assets of $32.4M.
Data Sources and Methodology
This transparency report for Fairhaven Healthcare 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.