Franciscan Life Center Network Incorporated
Franciscan Life Center Network Incorporated: Transparent Operations and Balanced Spending
EIN: 223164899 · Meriden, CT · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $17.6M |
| Total Expenses | $12.0M |
| Program Spending | 55% |
| Net Assets | $11.3M |
| Transparency Score | 85/100 |
Is Franciscan Life Center Network Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franciscan Life Center Network Incorporated directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Franciscan Life Center Network Incorporated
Franciscan Life Center Network Incorporated (EIN: 223164899) is a nonprofit organization based in Meriden, CT. The organization reported total revenue of $17.6M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franciscan Life Center Network Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franciscan Life Center Network Incorporated is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.2M |
| Total Expenses | $12.0M |
| Surplus / Deficit | +$241K |
| Total Assets | $12.0M |
| Total Liabilities | $693K |
| Net Assets | $11.3M |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2023, Franciscan Life Center Network Incorporated reported a surplus of $241K with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Franciscan Life Center Network Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +-0.0% | +10.7% | +11.0% |
| 2022 | +16.8% | +16.2% | -3.4% |
| 2021 | +6.9% | -3.8% | +23.8% |
| 2020 | +5.8% | +0.2% | +5.7% |
| 2019 | -5.5% | +5.3% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1946 |
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 Life Center Network Incorporated with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 55%
- fundraising: 20%
According to IRS 990 filings, Franciscan Life Center Network Incorporated allocates its expenses as follows: admin: 25%, programs: 55%, fundraising: 20%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $241K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.8%.
Executive Compensation Analysis
Executive compensation remains stable, with no significant increases over the past five years.
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 Life Center Network Incorporated's IRS 990 filings:
- The organization has maintained a consistent spending pattern over the past five years, with a focus on programs and administrative expenses.
Strengths
The following positive indicators were identified for Franciscan Life Center Network Incorporated:
- The organization has a strong commitment to transparency, with all financial reports available for public review.
Frequently Asked Questions about Franciscan Life Center Network Incorporated
Is Franciscan Life Center Network Incorporated a legitimate charity?
Franciscan Life Center Network Incorporated (EIN: 223164899) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.6M. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Franciscan Life Center Network Incorporated spend its money?
Franciscan Life Center Network Incorporated directs 55% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Franciscan Life Center Network Incorporated tax-deductible?
Franciscan Life Center Network Incorporated is registered as a tax-exempt nonprofit (EIN: 223164899). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Franciscan Life Center Network Incorporated's spending goes to programs?
Franciscan Life Center Network Incorporated directs 55% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Franciscan Life Center Network Incorporated located?
Franciscan Life Center Network Incorporated is headquartered in Meriden, Connecticut and files with the IRS under EIN 223164899.
How many years of IRS 990 filings does Franciscan Life Center Network Incorporated have?
Franciscan Life Center Network Incorporated has 13 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 $17.6M in total revenue.
What does Franciscan Life Center Network Incorporated do?
Franciscan Life Center Network Incorporated is a nonprofit organization in the Unknown sector, located in Meriden, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Franciscan Life Center Network Incorporated have?
Franciscan Life Center Network Incorporated reported total revenue of $17,573,078. Based on 13 IRS 990 filings on record.
What are Franciscan Life Center Network Incorporated's total assets?
Franciscan Life Center Network Incorporated holds total assets of $13,391,323 as reported in IRS 990 filings.
Where is Franciscan Life Center Network Incorporated located?
Franciscan Life Center Network Incorporated is based in Meriden, Connecticut.
What is Franciscan Life Center Network Incorporated's EIN?
Franciscan Life Center Network Incorporated's Employer Identification Number (EIN) is 223164899. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Franciscan Life Center Network Incorporated?
Franciscan Life Center Network Incorporated is classified under NTEE code Unknown (Unknown).
Is Franciscan Life Center Network Incorporated a registered 501(c)(3)?
Franciscan Life Center Network Incorporated appears in IRS records (EIN: 223164899). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Franciscan Life Center Network Incorporated file IRS Form 990?
Yes, Franciscan Life Center Network Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Franciscan Life Center Network Incorporated's revenue in 2023?
In the 202306 filing period, Franciscan Life Center Network Incorporated reported total revenue of $12,214,089, total expenses of $11,973,510, and net assets of $12,003,491.
Is Franciscan Life Center Network Incorporated's revenue growing or declining?
Franciscan Life Center Network Incorporated's revenue is relatively stable. Revenue went from $12,218,317 (202206) to $12,214,089 (202306), a -0.0% change. Based on 13 filings on record.
What is Franciscan Life Center Network Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Franciscan Life Center Network Incorporated covers tax period 202306. It shows revenue of $12,214,089, expenses of $11,973,510, total assets of $12,003,491, and liabilities of $692,596.
How much does Franciscan Life Center Network Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Franciscan Life Center Network Incorporated allocates approximately 55% of expenses to program services, 25% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Franciscan Life Center Network Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Franciscan Life Center Network Incorporated appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Franciscan Life Center Network Incorporated?
The following concerns were identified: The organization has maintained a consistent spending pattern over the past five years, with a focus on programs and administrative expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Franciscan Life Center Network Incorporated's strengths?
Positive indicators for Franciscan Life Center Network Incorporated include: The organization has a strong commitment to transparency, with all financial reports available for public review.. These findings are derived from AI analysis of the organization's financial filings.
How does Franciscan Life Center Network Incorporated compensate executives?
Executive compensation remains stable, with no significant increases over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Franciscan Life Center Network ensure the transparency of its financial operations?
The organization publishes detailed financial reports that are publicly accessible, providing a clear breakdown of program, administrative, and fundraising expenses. These reports are consistent over the past five years, ensuring that stakeholders can easily track spending patterns.
What is the trend in executive compensation at Franciscan Life Center Network?
Executive compensation has remained stable over the past five years, with no significant increases, indicating a balanced approach to leadership compensation.
Can you explain the organization's spending breakdown?
Franciscan Life Center Network dedicates 55% of its budget to programs, 25% to administration, and 20% to fundraising. This balanced approach ensures that a majority of resources are directed towards direct service delivery.
Filing History
IRS 990 filing history for Franciscan Life Center Network Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Franciscan Life Center Network Incorporated's revenue has grown by 110.9%, moving from $5.8M to $12.2M. Total assets increased by 150.3% over the same period, from $4.8M to $12.0M. Total functional expenses rose by 114.8%, from $5.6M to $12.0M. In its most recent filing year (2023), Franciscan Life Center Network Incorporated reported a surplus of $241K, with revenue exceeding expenses. The organization holds $693K in liabilities against $12.0M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.2M | $12.0M | $12.0M | $693K | — | View 990 |
| 2022 | $12.2M | $10.8M | $10.8M | $637K | — | View 990 |
| 2021 | $10.5M | $9.3M | $11.2M | $880K | — | View 990 |
| 2020 | $9.8M | $9.7M | $9.0M | $895K | — | View 990 |
| 2019 | $9.2M | $9.7M | $8.5M | $685K | — | View 990 |
| 2018 | $9.8M | $9.2M | $8.6M | $491K | — | View 990 |
| 2017 | $9.4M | $8.5M | $8.1M | $644K | — | View 990 |
| 2016 | $8.6M | $7.9M | $7.6M | $1.0M | — | View 990 |
| 2015 | $7.7M | $7.0M | $6.9M | $902K | — | View 990 |
| 2014 | $7.1M | $6.5M | $6.0M | $597K | — | View 990 |
| 2013 | $6.6M | $6.4M | $5.4M | $788K | — | View 990 |
| 2012 | $6.1M | $6.0M | $5.0M | $738K | — | View 990 |
| 2011 | $5.8M | $5.6M | $4.8M | $583K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.2M, expenses of $12.0M, and assets of $12.0M (revenue +-0.0% year-over-year).
- 2022: Revenue of $12.2M, expenses of $10.8M, and assets of $10.8M (revenue +16.8% year-over-year).
- 2021: Revenue of $10.5M, expenses of $9.3M, and assets of $11.2M (revenue +6.9% year-over-year).
- 2020: Revenue of $9.8M, expenses of $9.7M, and assets of $9.0M (revenue +5.8% year-over-year).
- 2019: Revenue of $9.2M, expenses of $9.7M, and assets of $8.5M (revenue -5.5% year-over-year).
- 2018: Revenue of $9.8M, expenses of $9.2M, and assets of $8.6M (revenue +4.5% year-over-year).
- 2017: Revenue of $9.4M, expenses of $8.5M, and assets of $8.1M (revenue +9.0% year-over-year).
- 2016: Revenue of $8.6M, expenses of $7.9M, and assets of $7.6M (revenue +12.2% year-over-year).
- 2015: Revenue of $7.7M, expenses of $7.0M, and assets of $6.9M (revenue +7.7% year-over-year).
- 2014: Revenue of $7.1M, expenses of $6.5M, and assets of $6.0M (revenue +8.1% year-over-year).
- 2013: Revenue of $6.6M, expenses of $6.4M, and assets of $5.4M (revenue +8.1% year-over-year).
- 2012: Revenue of $6.1M, expenses of $6.0M, and assets of $5.0M (revenue +5.0% year-over-year).
- 2011: Revenue of $5.8M, expenses of $5.6M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franciscan Life Center Network Incorporated:
Data Sources and Methodology
This transparency report for Franciscan Life Center Network Incorporated 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.