Greenwich Health Care Services Inc
Greenwich Health Care Services: Inconsistent Financial Reporting Raises Concerns
EIN: 222593399 · Greenwich, CT · Updated: 2026-04-04
Is Greenwich Health Care Services Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenwich Health Care Services Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Greenwich Health Care Services Inc
Greenwich Health Care Services Inc (EIN: 222593399) is a nonprofit organization based in Greenwich, CT. 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 Greenwich Health Care Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwich Health Care Services Inc is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $12.7M |
| Surplus / Deficit | $-10,581,815 |
| Total Assets | $1.2M |
| Total Liabilities | $3.1M |
| Net Assets | $-1,878,460 |
| Operating Margin | -510.6% |
| Debt-to-Asset Ratio | 257.5% |
| Months of Reserves | 1.1 months |
Financial Health Grade: D
In 2015, Greenwich Health Care Services Inc reported a deficit of $10.6M with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 257.5% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Greenwich Health Care Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +6.9% | +4.4% | -10.8% |
| 2014 | +244.8% | +1468967.3% | -21.7% |
| 2013 | -84.3% | -37.1% | +33.0% |
| 2012 | +153.5% | +137.1% | -24.6% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greenwich Health Care Services 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: 70%
- fundraising: 15%
According to IRS 990 filings, Greenwich Health Care Services Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 257.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data.
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 Greenwich Health Care Services Inc's IRS 990 filings:
- Highly inconsistent revenue reporting, ranging from $562,295 in 2013 to $3,581,329 in 2012, without clear explanations.
- Significant fluctuations in total expenses, from $825 in 2013 to $12,654,063 in 2015, indicating potential data entry errors or major operational shifts.
- Lack of detailed financial breakdowns (programs, admin, fundraising) makes it impossible to evaluate spending efficiency.
- The provided data does not include any information on the organization's mission or activities, making it difficult to assess impact.
Strengths
The following positive indicators were identified for Greenwich Health Care Services Inc:
- The organization consistently reports 0% compensation for its highest-paid individuals, which could indicate a volunteer-led structure or a reporting anomaly.
Frequently Asked Questions about Greenwich Health Care Services Inc
Is Greenwich Health Care Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwich Health Care Services Inc (EIN: 222593399) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Greenwich Health Care Services Inc spend its money?
Greenwich Health Care Services Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenwich Health Care Services Inc tax-deductible?
Greenwich Health Care Services Inc is registered as a tax-exempt nonprofit (EIN: 222593399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Greenwich Health Care Services Inc do?
Greenwich Health Care Services Inc is a nonprofit organization in the Unknown sector, located in Greenwich, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Greenwich Health Care Services Inc have?
Greenwich Health Care Services Inc reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Greenwich Health Care Services Inc's total assets?
Greenwich Health Care Services Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Greenwich Health Care Services Inc located?
Greenwich Health Care Services Inc is based in Greenwich, Connecticut.
What is Greenwich Health Care Services Inc's EIN?
Greenwich Health Care Services Inc's Employer Identification Number (EIN) is 222593399. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Greenwich Health Care Services Inc?
Greenwich Health Care Services Inc is classified under NTEE code Unknown (Unknown).
Is Greenwich Health Care Services Inc a registered 501(c)(3)?
Greenwich Health Care Services Inc appears in IRS records (EIN: 222593399). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Greenwich Health Care Services Inc file IRS Form 990?
Yes, Greenwich Health Care Services Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 201509.
What was Greenwich Health Care Services Inc's revenue in 2015?
In the 201509 filing period, Greenwich Health Care Services Inc reported total revenue of $2,072,248, total expenses of $12,654,063, and net assets of $1,192,652.
Is Greenwich Health Care Services Inc's revenue growing or declining?
Greenwich Health Care Services Inc's revenue is growing. Revenue went from $1,938,546 (201409) to $2,072,248 (201509), a +6.9% change. Based on 5 filings on record.
What is Greenwich Health Care Services Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Greenwich Health Care Services Inc covers tax period 201509. It shows revenue of $2,072,248, expenses of $12,654,063, total assets of $1,192,652, and liabilities of $3,071,112.
How much does Greenwich Health Care Services Inc spend on programs vs administration?
Based on IRS 990 analysis, Greenwich Health Care Services Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Greenwich Health Care Services Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Greenwich Health Care Services Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Greenwich Health Care Services Inc?
The following concerns were identified: Highly inconsistent revenue reporting, ranging from $562,295 in 2013 to $3,581,329 in 2012, without clear explanations.. Significant fluctuations in total expenses, from $825 in 2013 to $12,654,063 in 2015, indicating potential data entry errors or major operational shifts.. Lack of detailed financial breakdowns (programs, admin, fundraising) makes it impossible to evaluate spending efficiency.. The provided data does not include any information on the organization's mission or activities, making it difficult to assess impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Greenwich Health Care Services Inc's strengths?
Positive indicators for Greenwich Health Care Services Inc include: The organization consistently reports 0% compensation for its highest-paid individuals, which could indicate a volunteer-led structure or a reporting anomaly.. These findings are derived from AI analysis of the organization's financial filings.
How does Greenwich Health Care Services Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the extreme variance in reported expenses (e.g., $825 in 2013 vs. $12,654,063 in 2015), what is the underlying cause for such discrepancies, and how does the organization ensure accurate financial reporting?
The provided data does not offer an explanation for these drastic fluctuations. It suggests either significant errors in financial reporting or major, unstated operational changes year-over-year. Without further context or detailed financial statements, it's impossible to determine the exact cause or the reliability of the reported figures.
With 'compensation' consistently reported as 0% across all years, does this imply an entirely volunteer-run organization, or is there another method of executive remuneration not captured in the provided data?
A consistent 0% compensation could indicate a fully volunteer-driven leadership or that executive compensation is reported under a different category not specified in the provided 'c' field. This requires further investigation into their full IRS Form 990 filings to understand the true compensation structure.
Filing History
IRS 990 filing history for Greenwich Health Care Services Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Greenwich Health Care Services Inc's revenue has grown by 46.7%, moving from $1.4M to $2.1M. Total assets decreased by 30% over the same period, from $1.7M to $1.2M. Total functional expenses rose by 2288157.3%, from $553 to $12.7M. In its most recent filing year (2015), Greenwich Health Care Services Inc reported a deficit of $10.6M, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $1.2M in assets (debt-to-asset ratio: 257.5%), resulting in net assets of $-1,878,460.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $2.1M | $12.7M | $1.2M | $3.1M | — | View 990 |
| 2014 | $1.9M | $12.1M | $1.3M | $1.1M | — | View 990 |
| 2013 | $562K | $825 | $1.7M | $688K | — | View 990 |
| 2012 | $3.6M | $1K | $1.3M | $478K | — | View 990 |
| 2011 | $1.4M | $553 | $1.7M | $738K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $2.1M, expenses of $12.7M, and assets of $1.2M (revenue +6.9% year-over-year).
- 2014: Revenue of $1.9M, expenses of $12.1M, and assets of $1.3M (revenue +244.8% year-over-year).
- 2013: Revenue of $562K, expenses of $825, and assets of $1.7M (revenue -84.3% year-over-year).
- 2012: Revenue of $3.6M, expenses of $1K, and assets of $1.3M (revenue +153.5% year-over-year).
- 2011: Revenue of $1.4M, expenses of $553, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwich Health Care Services Inc:
Data Sources and Methodology
This transparency report for Greenwich Health Care Services 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.