Iroquois Nursing Home Inc
Iroquois Nursing Home Inc. faces recent financial deficits despite substantial assets and no reported officer compensation.
EIN: 161364582 · Jamesville, NY · NTEE: E91Z · Updated: 2026-03-28
Is Iroquois Nursing Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iroquois Nursing Home Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iroquois Nursing Home Inc
Iroquois Nursing Home Inc (EIN: 161364582) is a nonprofit organization based in Jamesville, NY, classified under NTEE code E91Z. The organization reported total revenue of $23.4M and total assets of $46.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iroquois Nursing Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iroquois Nursing Home Inc is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.1M |
| Total Expenses | $25.5M |
| Surplus / Deficit | $-7,331,446 |
| Total Assets | $42.5M |
| Total Liabilities | $2.5M |
| Net Assets | $40.0M |
| Operating Margin | -40.4% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 20.0 months |
Financial Health Grade: B
In 2023, Iroquois Nursing Home Inc reported a deficit of $7.3M with expenses exceeding revenue, holds 20.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iroquois Nursing Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | +52.7% | -8.9% |
| 2022 | -15.9% | +9.9% | -9.7% |
| 2021 | -14.6% | -7.8% | +13.8% |
| 2020 | -13.4% | +4.6% | +14.3% |
| 2019 | +30.5% | -8.3% | +35.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Iroquois Nursing Home Inc with a Mission Score of 70 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, Iroquois Nursing Home Inc 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 $7.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues often exceeding $20 million. This suggests either a fully volunteer leadership or that executive compensation is categorized differently within the financial statements, requiring further scrutiny to understand the true cost of leadership.
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 Iroquois Nursing Home Inc's IRS 990 filings:
- Significant operational deficit in 2023 ($7.3 million loss, with expenses of $25,467,092 exceeding revenue of $18,135,646).
- Fluctuating financial performance with periods of substantial losses, indicating potential instability.
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Iroquois Nursing Home Inc:
- Substantial asset base, with assets of $42,532,438 in 2023, providing financial stability.
- Consistent IRS 990 filing history (13 filings), indicating good compliance and transparency in reporting.
- Demonstrated ability to generate significant revenue, often exceeding $20 million in prior years.
Frequently Asked Questions about Iroquois Nursing Home Inc
Is Iroquois Nursing Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iroquois Nursing Home Inc (EIN: 161364582) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Iroquois Nursing Home Inc spend its money?
Iroquois Nursing Home Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iroquois Nursing Home Inc tax-deductible?
Iroquois Nursing Home Inc is registered as a tax-exempt nonprofit (EIN: 161364582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in expenses in 2023 ($25,467,092) compared to previous years, leading to a substantial deficit?
The provided data does not specify the reasons for the expense increase. It could be due to capital improvements, increased operational costs, or other factors not detailed in the summary.
How does Iroquois Nursing Home Inc. manage to report 0% officer compensation given its scale and operational complexity?
This could indicate a volunteer board and executive leadership, or that compensation for key management is reported under other expense categories, not explicitly as 'Officer Comp' in the provided summary.
What is the long-term strategy for addressing periods of significant operational deficits, such as the one observed in 2023?
The provided data does not detail the organization's financial strategies for managing deficits. This would typically involve expense reduction, revenue diversification, or drawing from reserves.
What is the detailed breakdown of program, administrative, and fundraising expenses to better assess spending efficiency?
The provided summary lacks this granular detail. A full IRS Form 990 would provide this information in Part IX, Statement of Functional Expenses.
Filing History
IRS 990 filing history for Iroquois Nursing Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iroquois Nursing Home Inc's revenue has grown by 19.3%, moving from $15.2M to $18.1M. Total assets increased by 168.1% over the same period, from $15.9M to $42.5M. Total functional expenses rose by 93.8%, from $13.1M to $25.5M. In its most recent filing year (2023), Iroquois Nursing Home Inc reported a deficit of $7.3M, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $42.5M in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $40.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.1M | $25.5M | $42.5M | $2.5M | — | — |
| 2022 | $16.1M | $16.7M | $46.7M | $2.7M | — | View 990 |
| 2021 | $19.2M | $15.2M | $51.7M | $1.7M | — | View 990 |
| 2020 | $22.5M | $16.5M | $45.4M | $1.7M | — | — |
| 2019 | $25.9M | $15.7M | $39.7M | $2.0M | — | View 990 |
| 2018 | $19.9M | $17.2M | $29.3M | $1.8M | — | View 990 |
| 2017 | $18.9M | $16.7M | $28.4M | $2.1M | — | — |
| 2016 | $17.7M | $16.0M | $25.5M | $2.4M | — | View 990 |
| 2015 | $18.4M | $14.9M | $22.5M | $1.7M | — | View 990 |
| 2014 | $17.1M | $15.2M | $22.8M | $2.0M | — | View 990 |
| 2013 | $17.2M | $15.0M | $20.7M | $2.1M | — | View 990 |
| 2012 | $15.2M | $13.8M | $17.9M | $1.6M | — | View 990 |
| 2011 | $15.2M | $13.1M | $15.9M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.1M, expenses of $25.5M, and assets of $42.5M (revenue +12.5% year-over-year).
- 2022: Revenue of $16.1M, expenses of $16.7M, and assets of $46.7M (revenue -15.9% year-over-year).
- 2021: Revenue of $19.2M, expenses of $15.2M, and assets of $51.7M (revenue -14.6% year-over-year).
- 2020: Revenue of $22.5M, expenses of $16.5M, and assets of $45.4M (revenue -13.4% year-over-year).
- 2019: Revenue of $25.9M, expenses of $15.7M, and assets of $39.7M (revenue +30.5% year-over-year).
- 2018: Revenue of $19.9M, expenses of $17.2M, and assets of $29.3M (revenue +5.3% year-over-year).
- 2017: Revenue of $18.9M, expenses of $16.7M, and assets of $28.4M (revenue +6.6% year-over-year).
- 2016: Revenue of $17.7M, expenses of $16.0M, and assets of $25.5M (revenue -3.5% year-over-year).
- 2015: Revenue of $18.4M, expenses of $14.9M, and assets of $22.5M (revenue +7.4% year-over-year).
- 2014: Revenue of $17.1M, expenses of $15.2M, and assets of $22.8M (revenue -0.5% year-over-year).
- 2013: Revenue of $17.2M, expenses of $15.0M, and assets of $20.7M (revenue +12.9% year-over-year).
- 2012: Revenue of $15.2M, expenses of $13.8M, and assets of $17.9M (revenue +0.1% year-over-year).
- 2011: Revenue of $15.2M, expenses of $13.1M, and assets of $15.9M.
Data Sources and Methodology
This transparency report for Iroquois Nursing Home 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.