Lafayette Rehabilitation And Skilled Nursing Facility Inc
Lafayette Rehabilitation And Skilled Nursing Facility Inc. operates with consistent deficits and negative net assets.
EIN: 208745166 · Farmington, CT · NTEE: L200 · Updated: 2026-03-28
Is Lafayette Rehabilitation And Skilled Nursing Facility Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lafayette Rehabilitation And Skilled Nursing Facility Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lafayette Rehabilitation And Skilled Nursing Facility Inc
Lafayette Rehabilitation And Skilled Nursing Facility Inc (EIN: 208745166) is a nonprofit organization based in Farmington, CT, classified under NTEE code L200. The organization reported total revenue of $6.5M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lafayette Rehabilitation And Skilled Nursing Facility 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 Lafayette Rehabilitation And Skilled Nursing Facility Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lafayette Rehabilitation And Skilled Nursing Facility 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 is unusual for an entity of its size with annual revenues exceeding $5 million. This suggests that executive compensation may be handled through a related party, not directly paid by the organization, or that the roles are entirely voluntary.
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 Lafayette Rehabilitation And Skilled Nursing Facility Inc's IRS 990 filings:
- Liabilities exceed assets in the latest filing ($9,971,164 vs. $9,818,426), indicating a negative net asset position.
- Consistent operational deficits in recent years (e.g., 202112, 202012, 201912), where expenses exceed revenue.
- Gradual decline in total assets from over $11 million to $9.8 million over the past decade.
- Unusual reporting of 0% officer compensation for an organization with over $6 million in annual revenue.
Strengths
The following positive indicators were identified for Lafayette Rehabilitation And Skilled Nursing Facility Inc:
- Consistent revenue generation over $5 million annually, indicating stable operational activity.
- Long operating history with 11 IRS 990 filings, suggesting established presence.
Frequently Asked Questions about Lafayette Rehabilitation And Skilled Nursing Facility Inc
Is Lafayette Rehabilitation And Skilled Nursing Facility Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lafayette Rehabilitation And Skilled Nursing Facility Inc (EIN: 208745166) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Lafayette Rehabilitation And Skilled Nursing Facility Inc spend its money?
Lafayette Rehabilitation And Skilled Nursing Facility Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lafayette Rehabilitation And Skilled Nursing Facility Inc tax-deductible?
Lafayette Rehabilitation And Skilled Nursing Facility Inc is registered as a tax-exempt nonprofit (EIN: 208745166). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why do liabilities exceed assets in the latest filing?
In the 202112 filing, the organization reported liabilities of $9,971,164 against assets of $9,818,426, resulting in a negative net asset position. This indicates that the organization's debts are greater than its total assets, which is a significant financial concern.
What is the reason for the consistent operational deficits?
For several periods, including 202112 ($6,503,946 revenue vs. $6,559,215 expenses) and 202012 ($5,696,561 revenue vs. $6,474,078 expenses), the organization's expenses have exceeded its revenues. This suggests that the cost of operations consistently outpaces income, leading to a draw on reserves or an increase in liabilities.
How is executive compensation managed if 0% is reported?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this scale. It could imply that executive services are provided pro bono, compensated by a related entity, or that the compensation is structured in a way that it is not reported as 'officer compensation' on the 990 form, warranting further inquiry.
Filing History
IRS 990 filing history for Lafayette Rehabilitation And Skilled Nursing Facility Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Lafayette Rehabilitation And Skilled Nursing Facility Inc's revenue has grown by 6.6%, moving from $6.1M to $6.5M. Total assets decreased by 14.4% over the same period, from $11.5M to $9.8M. Total functional expenses rose by 15.5%, from $5.7M to $6.6M. In its most recent filing year (2021), Lafayette Rehabilitation And Skilled Nursing Facility Inc reported a deficit of $55K, with expenses exceeding revenue. The organization holds $10.0M in liabilities against $9.8M in assets (debt-to-asset ratio: 101.6%), resulting in net assets of $-152,738.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $6.5M | $6.6M | $9.8M | $10.0M | — | — |
| 2020 | $5.7M | $6.5M | $10.3M | $10.4M | — | View 990 |
| 2019 | $5.8M | $6.6M | $9.7M | $8.9M | — | View 990 |
| 2018 | $5.8M | $6.4M | $10.4M | $9.0M | — | View 990 |
| 2017 | $6.1M | $6.3M | $10.9M | $8.8M | — | View 990 |
| 2016 | $5.9M | $5.9M | $11.2M | $8.9M | — | View 990 |
| 2015 | $6.1M | $5.6M | $11.5M | $9.2M | — | View 990 |
| 2014 | $5.6M | $5.4M | $11.3M | $9.3M | — | View 990 |
| 2013 | $5.4M | $5.4M | $11.4M | $9.5M | — | View 990 |
| 2012 | $5.5M | $5.5M | $11.4M | $9.6M | — | View 990 |
| 2011 | $6.1M | $5.7M | $11.5M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $6.5M, expenses of $6.6M, and assets of $9.8M (revenue +14.2% year-over-year).
- 2020: Revenue of $5.7M, expenses of $6.5M, and assets of $10.3M (revenue -2.6% year-over-year).
- 2019: Revenue of $5.8M, expenses of $6.6M, and assets of $9.7M (revenue +0.2% year-over-year).
- 2018: Revenue of $5.8M, expenses of $6.4M, and assets of $10.4M (revenue -4.8% year-over-year).
- 2017: Revenue of $6.1M, expenses of $6.3M, and assets of $10.9M (revenue +4.3% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.9M, and assets of $11.2M (revenue -3.1% year-over-year).
- 2015: Revenue of $6.1M, expenses of $5.6M, and assets of $11.5M (revenue +9.1% year-over-year).
- 2014: Revenue of $5.6M, expenses of $5.4M, and assets of $11.3M (revenue +2.7% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.4M, and assets of $11.4M (revenue -2.4% year-over-year).
- 2012: Revenue of $5.5M, expenses of $5.5M, and assets of $11.4M (revenue -9.2% year-over-year).
- 2011: Revenue of $6.1M, expenses of $5.7M, and assets of $11.5M.
Data Sources and Methodology
This transparency report for Lafayette Rehabilitation And Skilled Nursing Facility 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.