Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc
Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc. experiences dramatic revenue and expense reduction in 2022.
EIN: 202873927 · Shaker Hts, OH · NTEE: E60 · Updated: 2026-03-28
Is Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc
Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc (EIN: 202873927) is a nonprofit organization based in Shaker Hts, OH, classified under NTEE code E60. The organization reported total revenue of $558K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Health University Hospitals Seidman Cancer Ctr Physicians 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 Lake Health University Hospitals Seidman Cancer Ctr Physicians 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly favorable, suggesting all funds are directed towards the organization's mission rather than executive salaries.
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 Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc's IRS 990 filings:
- Dramatic and unexplained drop in revenue and expenses in the latest filing (202212)
- Reporting of $0 assets and liabilities in 2022 after years of significant balances
- Inconsistent financial performance year-over-year, particularly between 2021 and 2022
Strengths
The following positive indicators were identified for Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc:
- Consistent 0% officer compensation across all filings, indicating efficient use of funds for executive pay
- Historically strong revenue generation prior to 2022, often exceeding $20 million annually
Frequently Asked Questions about Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc
Is Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc (EIN: 202873927) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc spend its money?
Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc tax-deductible?
Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc is registered as a tax-exempt nonprofit (EIN: 202873927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant drop in revenue and expenses from 2021 to 2022?
The organization's revenue decreased from $19,851,362 in 2021 to $557,789 in 2022, and expenses dropped from $24,740,850 to $15,865. This drastic change requires further clarification from the organization regarding operational shifts or reporting changes.
Why are assets and liabilities reported as $0 in the 2022 filing?
The 2022 filing shows $0 in both assets and liabilities, a significant departure from previous years where assets ranged from $2.9 million to $12.5 million and liabilities from $3.6 million to $8.2 million. This suggests a potential restructuring or transfer of assets and liabilities.
Is the organization still actively operating at its previous capacity?
The substantial reduction in both revenue and expenses in 2022, compared to prior years, raises questions about whether the organization is still operating at the same scale or if its activities have significantly diminished.
Filing History
IRS 990 filing history for Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc's revenue has declined by 97.1%, moving from $19.5M to $558K. Total assets decreased by 100% over the same period, from $3.5M to $0. Total functional expenses fell by 99.9%, from $18.5M to $16K. In its most recent filing year (2022), Lake Health University Hospitals Seidman Cancer Ctr Physicians Inc reported a surplus of $542K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $558K | $16K | $0 | $0 | — | View 990 |
| 2021 | $19.9M | $24.7M | $2.9M | $3.9M | — | View 990 |
| 2020 | $34.1M | $32.4M | $12.6M | $8.3M | — | — |
| 2019 | $31.4M | $30.6M | $8.9M | $6.3M | — | View 990 |
| 2018 | $27.4M | $27.5M | $8.8M | $7.0M | — | View 990 |
| 2017 | $23.6M | $23.4M | $7.1M | $5.3M | — | — |
| 2016 | $23.8M | $23.2M | $6.7M | $5.1M | — | View 990 |
| 2015 | $23.1M | $23.2M | $5.8M | $4.7M | — | View 990 |
| 2014 | $20.9M | $20.6M | $4.9M | $3.6M | — | View 990 |
| 2013 | $19.5M | $19.2M | $6.1M | $5.1M | — | View 990 |
| 2012 | $21.0M | $20.1M | $4.4M | $3.6M | — | View 990 |
| 2011 | $19.5M | $18.5M | $3.5M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $558K, expenses of $16K, and assets of $0 (revenue -97.2% year-over-year).
- 2021: Revenue of $19.9M, expenses of $24.7M, and assets of $2.9M (revenue -41.7% year-over-year).
- 2020: Revenue of $34.1M, expenses of $32.4M, and assets of $12.6M (revenue +8.5% year-over-year).
- 2019: Revenue of $31.4M, expenses of $30.6M, and assets of $8.9M (revenue +14.5% year-over-year).
- 2018: Revenue of $27.4M, expenses of $27.5M, and assets of $8.8M (revenue +16.2% year-over-year).
- 2017: Revenue of $23.6M, expenses of $23.4M, and assets of $7.1M (revenue -0.7% year-over-year).
- 2016: Revenue of $23.8M, expenses of $23.2M, and assets of $6.7M (revenue +3.0% year-over-year).
- 2015: Revenue of $23.1M, expenses of $23.2M, and assets of $5.8M (revenue +10.5% year-over-year).
- 2014: Revenue of $20.9M, expenses of $20.6M, and assets of $4.9M (revenue +7.0% year-over-year).
- 2013: Revenue of $19.5M, expenses of $19.2M, and assets of $6.1M (revenue -6.8% year-over-year).
- 2012: Revenue of $21.0M, expenses of $20.1M, and assets of $4.4M (revenue +7.4% year-over-year).
- 2011: Revenue of $19.5M, expenses of $18.5M, and assets of $3.5M.
Data Sources and Methodology
This transparency report for Lake Health University Hospitals Seidman Cancer Ctr Physicians 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.