Logan Healthcare Foundation Inc
Logan Healthcare Foundation maintains stable assets with volatile revenue and no executive compensation.
EIN: 201337361 · Chapmanville, WV · NTEE: T50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $539K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.5M |
| Transparency Score | 85/100 |
Is Logan Healthcare Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Logan Healthcare Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Logan Healthcare Foundation Inc
Logan Healthcare Foundation Inc (EIN: 201337361) is a nonprofit organization based in Chapmanville, WV, classified under NTEE code T50. The organization reported total revenue of $5.3M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Logan Healthcare Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Logan Healthcare Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $610K |
| Total Expenses | $539K |
| Surplus / Deficit | +$71K |
| Total Assets | $11.6M |
| Total Liabilities | $173K |
| Net Assets | $11.5M |
| Operating Margin | 11.7% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 259.3 months |
Financial Health Grade: A
In 2023, Logan Healthcare Foundation Inc reported a surplus of $71K with revenue exceeding expenses, holds 259.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Logan Healthcare Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +321.2% | -29.2% | +4.4% |
| 2022 | -84.0% | +66.9% | -8.8% |
| 2021 | +303.5% | -21.8% | +7.7% |
| 2020 | -71.6% | +25.9% | -1.7% |
| 2019 | +485.6% | -14.9% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Logan Healthcare Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Logan Healthcare Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly favorable, suggesting all funds are directed towards the foundation's mission or operational costs, especially for an organization with assets over $11 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 Logan Healthcare Foundation Inc's IRS 990 filings:
- Highly volatile annual revenue, making financial planning challenging (e.g., $144,832 in 2022 vs. $903,156 in 2021).
Strengths
The following positive indicators were identified for Logan Healthcare Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency in executive pay.
- Stable and substantial asset base (over $11 million) providing financial security.
- Low and stable liabilities relative to assets, suggesting good financial management.
- Expenses generally align with or are below revenue in most years, preventing significant deficits (e.g., 2023: Revenue $609,966, Expenses $538,699).
Frequently Asked Questions about Logan Healthcare Foundation Inc
Is Logan Healthcare Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Logan Healthcare Foundation Inc (EIN: 201337361) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Logan Healthcare Foundation Inc spend its money?
Logan Healthcare Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Logan Healthcare Foundation Inc tax-deductible?
Logan Healthcare Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201337361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Logan Healthcare Foundation Inc CEO make?
Logan Healthcare Foundation Inc's highest-compensated officer earns $11 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Logan Healthcare Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Logan Healthcare Foundation Inc is above average for NTEE category T50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Logan Healthcare Foundation Inc located?
Logan Healthcare Foundation Inc is headquartered in Chapmanville, West Virginia and files with the IRS under EIN 201337361. It is classified under NTEE code T50.
How many years of IRS 990 filings does Logan Healthcare Foundation Inc have?
Logan Healthcare Foundation Inc has 10 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 $5.3M in total revenue.
Is Logan Healthcare Foundation Inc a good charity?
Based on the provided data, the foundation exhibits strong financial stability in its asset base and a highly commendable practice of 0% officer compensation, suggesting efficient use of funds. However, the significant volatility in annual revenue (e.g., $144,832 in 2022 vs. $903,156 in 2021) could pose challenges for consistent program delivery. More detailed spending breakdowns would be needed for a definitive assessment of program effectiveness.
How does the organization manage its finances given the revenue fluctuations?
The organization appears to manage its finances by maintaining a substantial and stable asset base (around $11-12 million), which likely provides a buffer against its highly variable annual revenues. For instance, in 2022, expenses ($760,631) significantly exceeded revenue ($144,832), indicating reliance on reserves or prior period surpluses to cover operational costs.
What is the trend in the organization's assets?
The organization's assets have remained remarkably stable over the past decade, consistently ranging between approximately $11.1 million and $12.2 million. For example, assets were $11,280,938 in 2011 and $11,642,046 in 2023, showing long-term financial stability despite revenue fluctuations.
Does the foundation have significant liabilities?
The foundation's liabilities are relatively low and stable compared to its assets. For instance, in 2023, liabilities were $173,222 against assets of $11,642,046. This indicates a healthy financial position with minimal debt.
Filing History
IRS 990 filing history for Logan Healthcare Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Logan Healthcare Foundation Inc's revenue has grown by 67.5%, moving from $364K to $610K. Total assets increased by 3.2% over the same period, from $11.3M to $11.6M. Total functional expenses rose by 7.8%, from $500K to $539K. In its most recent filing year (2023), Logan Healthcare Foundation Inc reported a surplus of $71K, with revenue exceeding expenses. The organization holds $173K in liabilities against $11.6M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $11.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $610K | $539K | $11.6M | $173K | — | View 990 |
| 2022 | $145K | $761K | $11.2M | $173K | — | View 990 |
| 2021 | $903K | $456K | $12.2M | $173K | — | View 990 |
| 2020 | $224K | $582K | $11.3M | $173K | — | — |
| 2019 | $788K | $463K | $11.5M | $173K | — | View 990 |
| 2015 | $135K | $544K | $11.1M | $176K | — | View 990 |
| 2014 | $1.2M | $642K | $11.6M | $337K | — | View 990 |
| 2013 | $370K | $402K | $11.8M | $184K | — | View 990 |
| 2012 | $389K | $547K | $11.4M | $178K | — | View 990 |
| 2011 | $364K | $500K | $11.3M | $214K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $610K, expenses of $539K, and assets of $11.6M (revenue +321.2% year-over-year).
- 2022: Revenue of $145K, expenses of $761K, and assets of $11.2M (revenue -84.0% year-over-year).
- 2021: Revenue of $903K, expenses of $456K, and assets of $12.2M (revenue +303.5% year-over-year).
- 2020: Revenue of $224K, expenses of $582K, and assets of $11.3M (revenue -71.6% year-over-year).
- 2019: Revenue of $788K, expenses of $463K, and assets of $11.5M (revenue +485.6% year-over-year).
- 2015: Revenue of $135K, expenses of $544K, and assets of $11.1M (revenue -88.4% year-over-year).
- 2014: Revenue of $1.2M, expenses of $642K, and assets of $11.6M (revenue +214.0% year-over-year).
- 2013: Revenue of $370K, expenses of $402K, and assets of $11.8M (revenue -4.8% year-over-year).
- 2012: Revenue of $389K, expenses of $547K, and assets of $11.4M (revenue +6.8% year-over-year).
- 2011: Revenue of $364K, expenses of $500K, and assets of $11.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Logan Healthcare Foundation Inc:
Data Sources and Methodology
This transparency report for Logan Healthcare Foundation 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.