Lake Ridge Care Center Of Buffalo Inc
Lake Ridge Care Center Of Buffalo Inc consistently operates near break-even with no reported officer compensation.
EIN: 200507069 · Edina, MN · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.0M |
| Total Expenses | $9.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $3.3M |
| Transparency Score | 85/100 |
Is Lake Ridge Care Center Of Buffalo Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Ridge Care Center Of Buffalo Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Ridge Care Center Of Buffalo Inc
Lake Ridge Care Center Of Buffalo Inc (EIN: 200507069) is a nonprofit organization based in Edina, MN, classified under NTEE code L22. The organization reported total revenue of $11.0M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Ridge Care Center Of Buffalo Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Ridge Care Center Of Buffalo Inc is a large nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.3M |
| Total Expenses | $9.4M |
| Surplus / Deficit | $-93,806 |
| Total Assets | $5.8M |
| Total Liabilities | $2.4M |
| Net Assets | $3.3M |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 42.4% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2023, Lake Ridge Care Center Of Buffalo Inc reported a deficit of $94K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 42.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lake Ridge Care Center Of Buffalo Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.7% | +17.2% | +6.5% |
| 2022 | -9.7% | +5.1% | -7.6% |
| 2021 | +12.7% | -1.8% | +9.7% |
| 2020 | +3.5% | +3.2% | +0.7% |
| 2019 | -1.3% | +5.2% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Lake Ridge Care Center Of Buffalo Inc with a Mission Score of 85 out of 100 (Excellent). 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, Lake Ridge Care Center Of Buffalo 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $94K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a strong dedication to mission and efficient use of funds, especially for an organization with annual revenues exceeding $9 million.
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 Ridge Care Center Of Buffalo Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Expenses slightly exceeding revenue in recent years (e.g., 2023: $9,442,985 expenses vs. $9,349,179 revenue)
Strengths
The following positive indicators were identified for Lake Ridge Care Center Of Buffalo Inc:
- Consistent reporting of 0% officer compensation across all filings
- Substantial assets ($5,768,813 in 2023) providing financial stability
- Clear mission focus as a Nursing Facility (NTEE L22)
- Consistent revenue generation over $7 million annually in recent years
Frequently Asked Questions about Lake Ridge Care Center Of Buffalo Inc
Is Lake Ridge Care Center Of Buffalo Inc a legitimate charity?
Lake Ridge Care Center Of Buffalo Inc (EIN: 200507069) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $11.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Lake Ridge Care Center Of Buffalo Inc spend its money?
Lake Ridge Care Center Of Buffalo Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lake Ridge Care Center Of Buffalo Inc tax-deductible?
Lake Ridge Care Center Of Buffalo Inc is registered as a tax-exempt nonprofit (EIN: 200507069). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lake Ridge Care Center Of Buffalo Inc CEO make?
Lake Ridge Care Center Of Buffalo Inc's highest-compensated officer earns $9 annually. The organization reported $11.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lake Ridge Care Center Of Buffalo Inc's spending goes to programs?
Lake Ridge Care Center Of Buffalo Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake Ridge Care Center Of Buffalo Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lake Ridge Care Center Of Buffalo Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Ridge Care Center Of Buffalo Inc located?
Lake Ridge Care Center Of Buffalo Inc is headquartered in Edina, Minnesota and files with the IRS under EIN 200507069. It is classified under NTEE code L22.
How many years of IRS 990 filings does Lake Ridge Care Center Of Buffalo Inc have?
Lake Ridge Care Center Of Buffalo Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.0M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, which is crucial for a comprehensive spending efficiency analysis.
What are the primary sources of revenue for Lake Ridge Care Center Of Buffalo Inc?
The provided data only lists total revenue; specific sources such as patient fees, government grants, or donations are not detailed.
How does the organization manage its liabilities, which have fluctuated between $2.0 million and $2.8 million?
The filings show liabilities ranging from $2,023,659 in 2022 to $2,892,341 in 2014. Understanding the nature and management of these liabilities would provide further insight into financial stability.
Filing History
IRS 990 filing history for Lake Ridge Care Center Of Buffalo Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lake Ridge Care Center Of Buffalo Inc's revenue has grown by 64.6%, moving from $5.7M to $9.3M. Total assets increased by 21% over the same period, from $4.8M to $5.8M. Total functional expenses rose by 70.7%, from $5.5M to $9.4M. In its most recent filing year (2023), Lake Ridge Care Center Of Buffalo Inc reported a deficit of $94K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $5.8M in assets (debt-to-asset ratio: 42.4%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.3M | $9.4M | $5.8M | $2.4M | — | — |
| 2022 | $7.7M | $8.1M | $5.4M | $2.0M | — | View 990 |
| 2021 | $8.6M | $7.7M | $5.9M | $2.2M | — | View 990 |
| 2020 | $7.6M | $7.8M | $5.3M | $2.6M | — | View 990 |
| 2019 | $7.4M | $7.6M | $5.3M | $2.4M | — | View 990 |
| 2018 | $7.5M | $7.2M | $5.6M | $2.5M | — | View 990 |
| 2017 | $6.3M | $6.6M | $5.7M | $2.5M | — | View 990 |
| 2016 | $6.4M | $6.8M | $6.1M | $2.6M | — | View 990 |
| 2015 | $5.7M | $6.1M | $6.6M | $2.8M | — | View 990 |
| 2014 | $6.0M | $6.0M | $7.0M | $2.9M | — | View 990 |
| 2013 | $6.2M | $5.7M | $7.0M | $3.1M | — | View 990 |
| 2012 | $5.9M | $5.7M | $4.4M | $1.8M | — | View 990 |
| 2011 | $5.8M | $5.6M | $4.6M | $2.2M | — | View 990 |
| 2010 | $5.7M | $5.5M | $4.8M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.3M, expenses of $9.4M, and assets of $5.8M (revenue +20.7% year-over-year).
- 2022: Revenue of $7.7M, expenses of $8.1M, and assets of $5.4M (revenue -9.7% year-over-year).
- 2021: Revenue of $8.6M, expenses of $7.7M, and assets of $5.9M (revenue +12.7% year-over-year).
- 2020: Revenue of $7.6M, expenses of $7.8M, and assets of $5.3M (revenue +3.5% year-over-year).
- 2019: Revenue of $7.4M, expenses of $7.6M, and assets of $5.3M (revenue -1.3% year-over-year).
- 2018: Revenue of $7.5M, expenses of $7.2M, and assets of $5.6M (revenue +17.6% year-over-year).
- 2017: Revenue of $6.3M, expenses of $6.6M, and assets of $5.7M (revenue -0.7% year-over-year).
- 2016: Revenue of $6.4M, expenses of $6.8M, and assets of $6.1M (revenue +12.4% year-over-year).
- 2015: Revenue of $5.7M, expenses of $6.1M, and assets of $6.6M (revenue -5.2% year-over-year).
- 2014: Revenue of $6.0M, expenses of $6.0M, and assets of $7.0M (revenue -2.6% year-over-year).
- 2013: Revenue of $6.2M, expenses of $5.7M, and assets of $7.0M (revenue +3.7% year-over-year).
- 2012: Revenue of $5.9M, expenses of $5.7M, and assets of $4.4M (revenue +2.1% year-over-year).
- 2011: Revenue of $5.8M, expenses of $5.6M, and assets of $4.6M (revenue +2.4% year-over-year).
- 2010: Revenue of $5.7M, expenses of $5.5M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Ridge Care Center Of Buffalo Inc:
Data Sources and Methodology
This transparency report for Lake Ridge Care Center Of Buffalo 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.