Island Rehabilitation And Nursing Center Inc

Island Rehabilitation And Nursing Center Inc faces consistent operating deficits in recent years, with liabilities exceeding assets.

EIN: 113570505 · Holtsville, NY · NTEE: L22 · Updated: 2026-03-28

$18.0MRevenue

$12.5MAssets

55/100Mission Score (Fair)

L22

About Island Rehabilitation And Nursing Center Inc

Island Rehabilitation And Nursing Center Inc (EIN: 113570505) is a nonprofit organization based in Holtsville, NY, classified under NTEE code L22. The organization reported total revenue of $18.0M and total assets of $12.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Rehabilitation And Nursing Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Island Rehabilitation And Nursing Center Inc, operating in Holtsville, NY, demonstrates a fluctuating financial performance over the past several years. While the organization's latest reported revenue is $17,965,704 and assets are $12,533,173, a closer look at the filing history reveals periods of significant net losses. For instance, in 2023, expenses of $18,192,124 exceeded revenue of $16,672,237, resulting in a deficit. Similarly, in 2022, expenses of $19,667,211 far outstripped revenue of $15,065,565. This consistent trend of expenses exceeding revenue in multiple recent periods raises concerns about long-term financial sustainability, despite a notable surplus in 2021 where revenue was $27,917,787 against expenses of $14,374,062.

The organization's liabilities have consistently been higher than its assets in most recent years, with 2023 showing liabilities of $15,781,355 against assets of $13,441,717, indicating a potentially precarious financial position. The NTEE code L22 suggests a focus on nursing homes and rehabilitation, which are typically high-cost operations. The absence of reported officer compensation across all filings is a positive indicator for transparency regarding executive pay, though it's important to verify if this means compensation is truly zero or reported under other categories. The lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency between programs, administration, and fundraising.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Island Rehabilitation And Nursing Center Inc with a Mission Score of 55 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Island Rehabilitation And Nursing Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which suggests either no compensation is paid to officers or it is reported under other expense categories, warranting further investigation for full transparency.

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 Island Rehabilitation And Nursing Center Inc's IRS 990 filings:

Consistent operating deficits in recent years (e.g., 2023, 2022, 2018, 2017)
Liabilities frequently exceed assets, indicating a potentially weak financial position (e.g., $15,781,355 liabilities vs. $13,441,717 assets in 2023)
Unexplained 0% officer compensation across all filings, potentially obscuring executive pay details.

Strengths

The following positive indicators were identified for Island Rehabilitation And Nursing Center Inc:

Significant revenue generation, with latest revenue at $17,965,704, indicating substantial operational scale.
Demonstrated ability to generate a surplus in certain years (e.g., 2021 revenue of $27,917,787 against expenses of $14,374,062).

Frequently Asked Questions about Island Rehabilitation And Nursing Center Inc

Is Island Rehabilitation And Nursing Center Inc financially sustainable given its recurring deficits?

The organization has reported expenses exceeding revenue in multiple recent periods (e.g., 2023, 2022, 2018, 2017), leading to operating deficits. This trend, coupled with liabilities often exceeding assets, raises concerns about its long-term financial sustainability.

Why was there a significant revenue spike in 2021?

In 2021, revenue surged to $27,917,787 from $17,750,033 in 2020, while expenses decreased. The reason for this substantial increase in revenue and simultaneous decrease in expenses would require a deeper dive into the specific financial statements for that period, potentially related to grants, specific programs, or changes in operational structure.

What is the true executive compensation given the 0% reported?

The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It's crucial to determine if this means no compensation is paid to officers or if it's categorized differently (e.g., as salaries for key employees not classified as officers), which could impact transparency.

How does the organization plan to address its consistent net liability position?

With liabilities frequently exceeding assets (e.g., $15,781,355 liabilities vs. $13,441,717 assets in 2023), the organization faces a net liability position. Understanding its strategy to improve its balance sheet and reduce this financial risk is important.

Filing History

IRS 990 filing history for Island Rehabilitation And Nursing Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Island Rehabilitation And Nursing Center Inc's revenue has grown by 3.6%, moving from $16.1M to $16.7M. Total assets decreased by 42.2% over the same period, from $23.3M to $13.4M. Total functional expenses rose by 15.4%, from $15.8M to $18.2M. In its most recent filing year (2023), Island Rehabilitation And Nursing Center Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $15.8M in liabilities against $13.4M in assets (debt-to-asset ratio: 117.4%), resulting in net assets of $-2,339,638.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$16.7M	$18.2M	$13.4M	$15.8M	—	—
2022	$15.1M	$19.7M	$14.5M	$14.4M	—	View 990
2021	$27.9M	$14.4M	$20.5M	$17.2M	—	View 990
2020	$17.8M	$16.0M	$18.3M	$28.5M	—	View 990
2019	$17.8M	$17.8M	$14.4M	$26.3M	—	—
2018	$17.5M	$18.6M	$14.1M	$26.0M	—	View 990
2017	$16.2M	$18.0M	$15.4M	$26.1M	—	View 990
2016	$17.6M	$17.4M	$17.1M	$26.2M	—	View 990
2015	$17.9M	$17.1M	$18.0M	$27.3M	—	View 990
2014	$15.5M	$16.7M	$19.4M	$29.7M	—	View 990
2013	$16.2M	$16.4M	$20.6M	$29.7M	—	View 990
2012	$14.8M	$16.1M	$22.0M	$30.9M	—	View 990
2011	$16.1M	$15.8M	$23.3M	$30.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $16.7M, expenses of $18.2M, and assets of $13.4M (revenue +10.7% year-over-year).
2022: Revenue of $15.1M, expenses of $19.7M, and assets of $14.5M (revenue -46.0% year-over-year).
2021: Revenue of $27.9M, expenses of $14.4M, and assets of $20.5M (revenue +57.3% year-over-year).
2020: Revenue of $17.8M, expenses of $16.0M, and assets of $18.3M (revenue -0.2% year-over-year).
2019: Revenue of $17.8M, expenses of $17.8M, and assets of $14.4M (revenue +1.8% year-over-year).
2018: Revenue of $17.5M, expenses of $18.6M, and assets of $14.1M (revenue +7.6% year-over-year).
2017: Revenue of $16.2M, expenses of $18.0M, and assets of $15.4M (revenue -7.7% year-over-year).
2016: Revenue of $17.6M, expenses of $17.4M, and assets of $17.1M (revenue -1.9% year-over-year).
2015: Revenue of $17.9M, expenses of $17.1M, and assets of $18.0M (revenue +15.4% year-over-year).
2014: Revenue of $15.5M, expenses of $16.7M, and assets of $19.4M (revenue -4.1% year-over-year).
2013: Revenue of $16.2M, expenses of $16.4M, and assets of $20.6M (revenue +9.2% year-over-year).
2012: Revenue of $14.8M, expenses of $16.1M, and assets of $22.0M (revenue -7.8% year-over-year).
2011: Revenue of $16.1M, expenses of $15.8M, and assets of $23.3M.

Data Sources and Methodology

This transparency report for Island Rehabilitation And Nursing Center 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.