Garnet Health Medical Center Catskills
Garnet Health Medical Center Catskills faces persistent operational deficits and declining assets.
EIN: 146049030 · Harris, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $109.5M |
| Total Expenses | $106.1M |
| Program Spending | 80% |
| Net Assets | $42.1M |
| Transparency Score | 60/100 |
Is Garnet Health Medical Center Catskills Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Garnet Health Medical Center Catskills directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Garnet Health Medical Center Catskills
Garnet Health Medical Center Catskills (EIN: 146049030) is a nonprofit organization based in Harris, NY, classified under NTEE code E220. The organization reported total revenue of $109.5M and total assets of $80.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garnet Health Medical Center Catskills's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Garnet Health Medical Center Catskills is a major nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $98.5M |
| Total Expenses | $106.1M |
| Surplus / Deficit | $-7,600,060 |
| Total Assets | $70.1M |
| Total Liabilities | $28.0M |
| Net Assets | $42.1M |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 39.9% |
| Months of Reserves | 7.9 months |
Financial Health Grade: B
In 2023, Garnet Health Medical Center Catskills reported a deficit of $7.6M with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 39.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Garnet Health Medical Center Catskills's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | -2.1% | -9.6% |
| 2022 | -11.0% | +0.7% | -28.1% |
| 2021 | -13.7% | -7.0% | -7.7% |
| 2020 | +23.5% | +10.4% | +14.0% |
| 2019 | +8.5% | +9.3% | +22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Garnet Health Medical Center Catskills 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Garnet Health Medical Center Catskills 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 deficit of $7.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which suggests that executive salaries are either not paid directly by this entity or are reported under a different organizational structure, limiting transparency regarding executive remuneration for this specific EIN.
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 Garnet Health Medical Center Catskills's IRS 990 filings:
- Persistent operational deficits (e.g., $7.6M in 2023, $10.5M in 2022)
- Significant decline in assets from $116.7M in 2020 to $70.0M in 2023
- High liabilities relative to assets in recent years (e.g., $27.9M liabilities vs. $70.0M assets in 2023)
- Lack of transparency regarding executive compensation (0% reported officer comp)
- Absence of detailed expense breakdown (program, admin, fundraising) in summary data
Strengths
The following positive indicators were identified for Garnet Health Medical Center Catskills:
- Long operating history with 13 IRS 990 filings, indicating stability in existence
- Provides essential healthcare services (NTEE Code E220)
- Maintains substantial revenue generation (over $98M in 2023)
Frequently Asked Questions about Garnet Health Medical Center Catskills
Is Garnet Health Medical Center Catskills a legitimate charity?
Garnet Health Medical Center Catskills (EIN: 146049030) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $109.5M. 5 red flags identified. 3 strengths noted. Financial health grade: B.
How does Garnet Health Medical Center Catskills spend its money?
Garnet Health Medical Center Catskills directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Garnet Health Medical Center Catskills tax-deductible?
Garnet Health Medical Center Catskills is registered as a tax-exempt nonprofit (EIN: 146049030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Garnet Health Medical Center Catskills's spending goes to programs?
Garnet Health Medical Center Catskills directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Garnet Health Medical Center Catskills compare to similar nonprofits?
With a transparency score of 60/100 (Good), Garnet Health Medical Center Catskills is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Garnet Health Medical Center Catskills located?
Garnet Health Medical Center Catskills is headquartered in Harris, New York and files with the IRS under EIN 146049030. It is classified under NTEE code E220.
How many years of IRS 990 filings does Garnet Health Medical Center Catskills have?
Garnet Health Medical Center Catskills 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 $109.5M in total revenue.
What is the cause of the consistent operational deficits, such as the $7.6 million deficit in 2023?
The provided data indicates that expenses have consistently exceeded revenue in recent years (e.g., $106M expenses vs. $98M revenue in 2023), leading to operational deficits. The specific causes, such as rising operational costs, declining patient revenue, or investment losses, are not detailed in this summary.
How does Garnet Health Medical Center Catskills plan to address its declining asset base, which fell from $116.7M in 2020 to $70.0M in 2023?
The organization's assets have significantly decreased over the past few years. The strategy to reverse this trend, whether through increased revenue generation, asset sales, or capital campaigns, is not outlined in the provided financial summary.
Why is officer compensation consistently reported as 0% across all filings?
The consistent reporting of 0% officer compensation suggests that executive salaries might be paid by a parent organization or are not categorized under 'officer compensation' for this specific EIN. This practice, while not necessarily problematic, reduces transparency regarding executive pay for this entity.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of how expenses are allocated among programs, administration, and fundraising. This information is crucial for assessing spending efficiency and program focus.
How does the organization manage its significant liabilities, which were $27.9M in 2023?
The organization carries substantial liabilities. The specific strategies for managing and reducing this debt burden, such as refinancing or repayment plans, are not detailed in the provided financial overview.
Filing History
IRS 990 filing history for Garnet Health Medical Center Catskills showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Garnet Health Medical Center Catskills's revenue has declined by 9.7%, moving from $109.0M to $98.5M. Total assets decreased by 5.7% over the same period, from $74.4M to $70.1M. Total functional expenses rose by 6%, from $100.1M to $106.1M. In its most recent filing year (2023), Garnet Health Medical Center Catskills reported a deficit of $7.6M, with expenses exceeding revenue. The organization holds $28.0M in liabilities against $70.1M in assets (debt-to-asset ratio: 39.9%), resulting in net assets of $42.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98.5M | $106.1M | $70.1M | $28.0M | — | View 990 |
| 2022 | $97.9M | $108.4M | $77.5M | $27.9M | — | View 990 |
| 2021 | $110.0M | $107.7M | $107.8M | $46.7M | — | View 990 |
| 2020 | $127.5M | $115.8M | $116.8M | $59.4M | — | View 990 |
| 2019 | $103.2M | $104.9M | $102.5M | $46.3M | — | View 990 |
| 2018 | $95.2M | $95.9M | $83.6M | $38.2M | — | View 990 |
| 2017 | $98.0M | $97.8M | $83.2M | $36.5M | — | View 990 |
| 2016 | $98.9M | $94.6M | $77.9M | $32.5M | — | View 990 |
| 2015 | $98.2M | $94.8M | $73.6M | $35.2M | — | View 990 |
| 2014 | $99.1M | $95.2M | $70.2M | $37.4M | — | View 990 |
| 2013 | $113.4M | $94.0M | $60.7M | $34.3M | — | View 990 |
| 2012 | $96.9M | $99.9M | $70.6M | $64.0M | — | View 990 |
| 2011 | $109.0M | $100.1M | $74.4M | $65.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98.5M, expenses of $106.1M, and assets of $70.1M (revenue +0.6% year-over-year).
- 2022: Revenue of $97.9M, expenses of $108.4M, and assets of $77.5M (revenue -11.0% year-over-year).
- 2021: Revenue of $110.0M, expenses of $107.7M, and assets of $107.8M (revenue -13.7% year-over-year).
- 2020: Revenue of $127.5M, expenses of $115.8M, and assets of $116.8M (revenue +23.5% year-over-year).
- 2019: Revenue of $103.2M, expenses of $104.9M, and assets of $102.5M (revenue +8.5% year-over-year).
- 2018: Revenue of $95.2M, expenses of $95.9M, and assets of $83.6M (revenue -2.9% year-over-year).
- 2017: Revenue of $98.0M, expenses of $97.8M, and assets of $83.2M (revenue -0.9% year-over-year).
- 2016: Revenue of $98.9M, expenses of $94.6M, and assets of $77.9M (revenue +0.8% year-over-year).
- 2015: Revenue of $98.2M, expenses of $94.8M, and assets of $73.6M (revenue -1.0% year-over-year).
- 2014: Revenue of $99.1M, expenses of $95.2M, and assets of $70.2M (revenue -12.6% year-over-year).
- 2013: Revenue of $113.4M, expenses of $94.0M, and assets of $60.7M (revenue +17.0% year-over-year).
- 2012: Revenue of $96.9M, expenses of $99.9M, and assets of $70.6M (revenue -11.1% year-over-year).
- 2011: Revenue of $109.0M, expenses of $100.1M, and assets of $74.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Garnet Health Medical Center Catskills:
Data Sources and Methodology
This transparency report for Garnet Health Medical Center Catskills 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.