Joslin Clinic Inc
Joslin Clinic Inc: Declining Revenue and Asset Base Raise Concerns
EIN: 222984590 · Charlestown, MA · NTEE: E300 · Updated: 2026-04-04
About Joslin Clinic Inc
Joslin Clinic Inc (EIN: 222984590) is a nonprofit organization based in Charlestown, MA, classified under NTEE code E300. The organization reported total revenue of $24.5M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joslin Clinic Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joslin Clinic Inc with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Joslin Clinic Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly unusual and warrants further investigation into how leadership is compensated, as it may be reported under different categories or through related entities.
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 Joslin Clinic Inc's IRS 990 filings:
- Consistent reporting of $0 for key employee compensation across multiple years raises a significant red flag regarding transparency and accurate financial disclosure.
- A steady decline in revenue from $30,901,455 in 2020 to $25,130,232 in 2023 suggests potential financial instability or reduced operational scale.
- A substantial decrease in total assets from $2,738,991 in 2021 to $1,149,441 in 2023 could limit the organization's capacity and future resilience.
Strengths
The following positive indicators were identified for Joslin Clinic Inc:
- The organization has a long operating history, indicating established presence and potential community trust.
- Despite financial declines, the organization continues to operate, suggesting a dedicated core mission and support base.
Frequently Asked Questions about Joslin Clinic Inc
What does Joslin Clinic Inc do?
Joslin Clinic Inc is a nonprofit organization in the Health Care sector, located in Charlestown, Massachusetts. It is classified under NTEE code E300.
How much revenue does Joslin Clinic Inc have?
Joslin Clinic Inc reported total revenue of $24,511,062. Based on 13 IRS 990 filings on record.
What are Joslin Clinic Inc's total assets?
Joslin Clinic Inc holds total assets of $1,343,195 as reported in IRS 990 filings.
Where is Joslin Clinic Inc located?
Joslin Clinic Inc is based in Charlestown, Massachusetts.
What is Joslin Clinic Inc's EIN?
Joslin Clinic Inc's Employer Identification Number (EIN) is 222984590. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Joslin Clinic Inc?
Joslin Clinic Inc is classified under NTEE code E300 (Health Care).
Is Joslin Clinic Inc a registered 501(c)(3)?
Yes, Joslin Clinic Inc is recognized as a tax-exempt organization by the IRS. EIN: 222984590.
Does Joslin Clinic Inc file IRS Form 990?
Yes, Joslin Clinic Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Joslin Clinic Inc's revenue in 2023?
In the 202309 filing period, Joslin Clinic Inc reported total revenue of $25,130,232, total expenses of $25,130,232, and net assets of $1,149,441.
Is Joslin Clinic Inc's revenue growing or declining?
Joslin Clinic Inc's revenue is declining. Revenue went from $30,492,421 (202209) to $25,130,232 (202309), a -17.6% change. Based on 13 filings on record.
What is Joslin Clinic Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Joslin Clinic Inc covers tax period 202309. It shows revenue of $25,130,232, expenses of $25,130,232, total assets of $1,149,441, and liabilities of $1,149,441.
How much does Joslin Clinic Inc spend on programs vs administration?
Based on IRS 990 analysis, Joslin Clinic Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Joslin Clinic Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Joslin Clinic Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Joslin Clinic Inc?
The following concerns were identified: Consistent reporting of $0 for key employee compensation across multiple years raises a significant red flag regarding transparency and accurate financial disclosure.. A steady decline in revenue from $30,901,455 in 2020 to $25,130,232 in 2023 suggests potential financial instability or reduced operational scale.. A substantial decrease in total assets from $2,738,991 in 2021 to $1,149,441 in 2023 could limit the organization's capacity and future resilience.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Joslin Clinic Inc's strengths?
Positive indicators for Joslin Clinic Inc include: The organization has a long operating history, indicating established presence and potential community trust.. Despite financial declines, the organization continues to operate, suggesting a dedicated core mission and support base.. These findings are derived from AI analysis of the organization's financial filings.
How does Joslin Clinic Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly unusual and warrants further investigation into how leadership is compensated, as it may be reported under different categories or through related entities. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 for key employee compensation, how does Joslin Clinic Inc. attract and retain leadership, and where is this compensation truly accounted for in their financial statements?
The consistent reporting of $0 for key employee compensation is highly unusual for an organization of this size and revenue. This could indicate that compensation is being paid through a related entity, reported under a different expense category, or that key personnel are compensated in non-monetary ways not captured in standard filings. Further investigation into their full financial statements and related party transactions would be necessary to understand the true compensation structure.
What factors are contributing to the consistent decline in both revenue and assets for Joslin Clinic Inc. over the past several years, and what strategies are being implemented to reverse these trends?
The data shows a clear downward trend in both revenue (from $30.9M in 2020 to $25.1M in 2023) and assets (from $2.7M in 2021 to $1.1M in 2023). Without additional context from their annual reports or management discussions, it's difficult to pinpoint exact causes. Potential factors could include changes in funding sources, decreased patient volume, increased competition, or operational inefficiencies. Understanding the organization's strategic response to these declines is crucial for assessing its future viability.
Filing History
IRS 990 filing history for Joslin Clinic Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Joslin Clinic Inc's revenue has grown by 4.2%, moving from $24.1M to $25.1M. Total assets decreased by 44.5% over the same period, from $2.1M to $1.1M. Total functional expenses rose by 4.2%, from $24.1M to $25.1M. In its most recent filing year (2023), Joslin Clinic Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $1.1M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $25.1M | $25.1M | $1.1M | $1.1M | — | View 990 |
| 2022 | $30.5M | $30.5M | $1.4M | $1.4M | — | View 990 |
| 2021 | $29.4M | $29.4M | $2.7M | $2.7M | — | View 990 |
| 2020 | $30.9M | $30.9M | $1.4M | $1.4M | — | — |
| 2019 | $30.0M | $30.0M | $2.4M | $2.4M | — | View 990 |
| 2018 | $27.5M | $27.5M | $1.8M | $1.8M | — | View 990 |
| 2017 | $26.4M | $26.4M | $1.8M | $1.8M | — | View 990 |
| 2016 | $25.3M | $25.3M | $1.9M | $1.9M | — | View 990 |
| 2015 | $25.7M | $25.7M | $1.9M | $1.9M | — | View 990 |
| 2014 | $26.4M | $26.4M | $2.3M | $2.3M | — | View 990 |
| 2013 | $25.8M | $25.8M | $2.7M | $2.7M | — | View 990 |
| 2012 | $25.7M | $25.7M | $2.5M | $3.1M | — | View 990 |
| 2011 | $24.1M | $24.1M | $2.1M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.1M, expenses of $25.1M, and assets of $1.1M (revenue -17.6% year-over-year).
- 2022: Revenue of $30.5M, expenses of $30.5M, and assets of $1.4M (revenue +3.6% year-over-year).
- 2021: Revenue of $29.4M, expenses of $29.4M, and assets of $2.7M (revenue -4.7% year-over-year).
- 2020: Revenue of $30.9M, expenses of $30.9M, and assets of $1.4M (revenue +3.0% year-over-year).
- 2019: Revenue of $30.0M, expenses of $30.0M, and assets of $2.4M (revenue +8.9% year-over-year).
- 2018: Revenue of $27.5M, expenses of $27.5M, and assets of $1.8M (revenue +4.4% year-over-year).
- 2017: Revenue of $26.4M, expenses of $26.4M, and assets of $1.8M (revenue +4.2% year-over-year).
- 2016: Revenue of $25.3M, expenses of $25.3M, and assets of $1.9M (revenue -1.5% year-over-year).
- 2015: Revenue of $25.7M, expenses of $25.7M, and assets of $1.9M (revenue -2.5% year-over-year).
- 2014: Revenue of $26.4M, expenses of $26.4M, and assets of $2.3M (revenue +2.3% year-over-year).
- 2013: Revenue of $25.8M, expenses of $25.8M, and assets of $2.7M (revenue +0.4% year-over-year).
- 2012: Revenue of $25.7M, expenses of $25.7M, and assets of $2.5M (revenue +6.6% year-over-year).
- 2011: Revenue of $24.1M, expenses of $24.1M, and assets of $2.1M.
Data Sources and Methodology
This transparency report for Joslin Clinic 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.