Franciscan Eldercare Corp
Franciscan Eldercare Corp: Declining Revenue and Asset Base Raise Concerns
EIN: 223008680 · Wilmington, DE · Updated: 2026-04-04
Is Franciscan Eldercare Corp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Franciscan Eldercare Corp
Franciscan Eldercare Corp (EIN: 223008680) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franciscan Eldercare Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franciscan Eldercare Corp is a micro nonprofit that has been operating for 36 years, with 7 years of IRS 990 filings on record (2011–2017).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -100.0% | -100.0% | -23.7% |
| 2015 | -87.1% | -87.1% | -97.1% |
| 2014 | +83.5% | +112.4% | -26.8% |
| 2013 | -47.0% | -46.4% | +41.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Franciscan Eldercare Corp 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Franciscan Eldercare Corp allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 140.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures (c) are reported in any of the provided financial filings.
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 Franciscan Eldercare Corp's IRS 990 filings:
- Zero reported revenue and expenses for 2016 and 2017, suggesting inactivity or a lack of detailed financial reporting.
- Dramatic decline in assets from $5,147,649 in 2013 to $78,154 in 2017 without explanation.
- No reported program, administrative, or fundraising expenses across all available filings.
- No executive compensation figures are reported in any of the provided filings.
- The organization's status and activities are unclear given the lack of financial detail in recent years.
Strengths
The following positive indicators were identified for Franciscan Eldercare Corp:
- Historically, the organization reported significant revenue, such as $8,459,580 in 2014, indicating past operational capacity.
Frequently Asked Questions about Franciscan Eldercare Corp
Is Franciscan Eldercare Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Franciscan Eldercare Corp (EIN: 223008680) significant concerns. Mission Score: 45/100. 5 red flags identified, 1 strength noted.
How does Franciscan Eldercare Corp spend its money?
Detailed spending breakdown data is not yet available for Franciscan Eldercare Corp. Check back for updated IRS 990 analysis.
Are donations to Franciscan Eldercare Corp tax-deductible?
Franciscan Eldercare Corp is registered as a tax-exempt nonprofit (EIN: 223008680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Franciscan Eldercare Corp do?
Franciscan Eldercare Corp is a nonprofit organization in the Unknown sector, located in Wilmington, Delaware. It is classified under NTEE code Unknown.
How much revenue does Franciscan Eldercare Corp have?
Franciscan Eldercare Corp reported total revenue of N/A. Based on 7 IRS 990 filings on record.
What are Franciscan Eldercare Corp's total assets?
Franciscan Eldercare Corp holds total assets of N/A as reported in IRS 990 filings.
Where is Franciscan Eldercare Corp located?
Franciscan Eldercare Corp is based in Wilmington, Delaware.
What is Franciscan Eldercare Corp's EIN?
Franciscan Eldercare Corp's Employer Identification Number (EIN) is 223008680. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Franciscan Eldercare Corp?
Franciscan Eldercare Corp is classified under NTEE code Unknown (Unknown).
Is Franciscan Eldercare Corp a registered 501(c)(3)?
Franciscan Eldercare Corp appears in IRS records (EIN: 223008680). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Franciscan Eldercare Corp file IRS Form 990?
Yes, Franciscan Eldercare Corp has 7 IRS Form 990 filings on record. The most recent covers tax period 201706.
What was Franciscan Eldercare Corp's revenue in 2017?
In the 201706 filing period, Franciscan Eldercare Corp reported total revenue of N/A, total expenses of $10,163, and net assets of $78,154.
Is Franciscan Eldercare Corp's revenue growing or declining?
Franciscan Eldercare Corp's revenue is relatively stable. Revenue went from N/A (201606) to N/A (201706), a 0.0% change. Based on 7 filings on record.
What is Franciscan Eldercare Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Franciscan Eldercare Corp covers tax period 201706. It shows revenue of N/A, expenses of $10,163, total assets of $78,154, and liabilities of $109,555.
Is Franciscan Eldercare Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Franciscan Eldercare Corp shows mixed signals. Mission Score: 45/100 (Fair). 5 red flags identified. 1 strength noted.
What are the red flags for Franciscan Eldercare Corp?
The following concerns were identified: Zero reported revenue and expenses for 2016 and 2017, suggesting inactivity or a lack of detailed financial reporting.. Dramatic decline in assets from $5,147,649 in 2013 to $78,154 in 2017 without explanation.. No reported program, administrative, or fundraising expenses across all available filings.. No executive compensation figures are reported in any of the provided filings.. The organization's status and activities are unclear given the lack of financial detail in recent years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Franciscan Eldercare Corp's strengths?
Positive indicators for Franciscan Eldercare Corp include: Historically, the organization reported significant revenue, such as $8,459,580 in 2014, indicating past operational capacity.. These findings are derived from AI analysis of the organization's financial filings.
How does Franciscan Eldercare Corp compensate executives?
Executive compensation cannot be assessed as no compensation figures (c) are reported in any of the provided financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the precipitous decline in assets from $5,147,649 in 2013 to $78,154 in 2017, and what happened to the associated liabilities?
The provided data does not offer an explanation for this significant asset reduction. Liabilities also decreased from $7,282,790 in 2013 to $109,555 in 2017, suggesting a potential liquidation or transfer of assets and corresponding debts.
Why are there zero reported revenues and expenses for the fiscal years ending June 2016 and June 2017?
The data indicates a complete cessation of reported financial activity for these years, which could mean the organization became dormant, was absorbed, or changed its reporting structure without further detail.
Filing History
IRS 990 filing history for Franciscan Eldercare Corp showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Franciscan Eldercare Corp's revenue has declined by 100%, moving from $7.6M to $0. Total assets decreased by 98.4% over the same period, from $4.9M to $78K. Total functional expenses fell by 99.9%, from $9.7M to $10K. The organization holds $110K in liabilities against $78K in assets (debt-to-asset ratio: 140.2%), resulting in net assets of $-31,401.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $0 | $10K | $78K | $110K | — | — |
| 2016 | $0 | $0 | $84K | $105K | — | — |
| 2015 | $1.1M | $1.5M | $110K | $122K | — | View 990 |
| 2014 | $8.5M | $11.6M | $3.8M | $5.9M | — | View 990 |
| 2013 | $4.6M | $5.5M | $5.1M | $7.3M | — | View 990 |
| 2012 | $8.7M | $10.2M | $3.6M | $4.9M | — | View 990 |
| 2011 | $7.6M | $9.7M | $4.9M | $5.6M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $0, expenses of $10K, and assets of $78K.
- 2016: Revenue of $0, expenses of $0, and assets of $84K (revenue -100.0% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.5M, and assets of $110K (revenue -87.1% year-over-year).
- 2014: Revenue of $8.5M, expenses of $11.6M, and assets of $3.8M (revenue +83.5% year-over-year).
- 2013: Revenue of $4.6M, expenses of $5.5M, and assets of $5.1M (revenue -47.0% year-over-year).
- 2012: Revenue of $8.7M, expenses of $10.2M, and assets of $3.6M (revenue +13.9% year-over-year).
- 2011: Revenue of $7.6M, expenses of $9.7M, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franciscan Eldercare Corp:
Data Sources and Methodology
This transparency report for Franciscan Eldercare Corp 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.