Loretto Health And Rehabilitation Center
Loretto Health And Rehabilitation Center faces persistent operating deficits and declining assets.
EIN: 200503099 · Syracuse, NY · NTEE: E91 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $73.7M |
| Total Expenses | $78.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $-13,650,235 |
| Transparency Score | 60/100 |
Is Loretto Health And Rehabilitation Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Loretto Health And Rehabilitation Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Loretto Health And Rehabilitation Center
Loretto Health And Rehabilitation Center (EIN: 200503099) is a nonprofit organization based in Syracuse, NY, classified under NTEE code E91. The organization reported total revenue of $73.7M and total assets of $31.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loretto Health And Rehabilitation Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loretto Health And Rehabilitation Center is a major nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70.1M |
| Total Expenses | $78.8M |
| Surplus / Deficit | $-8,713,465 |
| Total Assets | $30.3M |
| Total Liabilities | $44.0M |
| Net Assets | $-13,650,235 |
| Operating Margin | -12.4% |
| Debt-to-Asset Ratio | 145.0% |
| Months of Reserves | 4.6 months |
Financial Health Grade: C
In 2023, Loretto Health And Rehabilitation Center reported a deficit of $8.7M with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 145.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Loretto Health And Rehabilitation Center's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.7% | +9.9% | -1.6% |
| 2022 | -8.5% | +9.1% | -5.6% |
| 2021 | +6.4% | -9.1% | +1.6% |
| 2020 | -8.8% | -1.6% | -3.7% |
| 2019 | +7.8% | +1.7% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Loretto Health And Rehabilitation Center 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Loretto Health And Rehabilitation Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $8.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 145.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all periods, which is highly unusual for an organization with annual revenues exceeding $60 million. This could indicate that executive compensation is categorized differently or that the organization relies on uncompensated leadership, which would be a significant positive for resource allocation if accurate.
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 Loretto Health And Rehabilitation Center's IRS 990 filings:
- Persistent operating deficits (8 out of 10 years, e.g., $8.7M deficit in 2023).
- Liabilities consistently exceed assets (e.g., $43.9M liabilities vs. $30.3M assets in 2023).
- Declining asset base over the last decade (from $43.4M in 2014 to $30.3M in 2023).
- Unusual 0% reported officer compensation across all filings for a large organization.
Strengths
The following positive indicators were identified for Loretto Health And Rehabilitation Center:
- Substantial and consistent revenue generation, indicating a strong demand for services (e.g., $70.1M in 2023).
- Long operational history with 13 filings, suggesting established presence and experience.
- Provides essential health and rehabilitation services in its community (NTEE Code E91).
Frequently Asked Questions about Loretto Health And Rehabilitation Center
Is Loretto Health And Rehabilitation Center a legitimate charity?
Loretto Health And Rehabilitation Center (EIN: 200503099) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $73.7M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Loretto Health And Rehabilitation Center spend its money?
Loretto Health And Rehabilitation Center directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Loretto Health And Rehabilitation Center tax-deductible?
Loretto Health And Rehabilitation Center is registered as a tax-exempt nonprofit (EIN: 200503099). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Loretto Health And Rehabilitation Center CEO make?
Loretto Health And Rehabilitation Center's highest-compensated officer earns $60 annually. The organization reported $73.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Loretto Health And Rehabilitation Center's spending goes to programs?
Loretto Health And Rehabilitation Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Loretto Health And Rehabilitation Center compare to similar nonprofits?
With a transparency score of 60/100 (Good), Loretto Health And Rehabilitation Center is above average for NTEE category E91 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Loretto Health And Rehabilitation Center located?
Loretto Health And Rehabilitation Center is headquartered in Syracuse, New York and files with the IRS under EIN 200503099. It is classified under NTEE code E91.
How many years of IRS 990 filings does Loretto Health And Rehabilitation Center have?
Loretto Health And Rehabilitation Center has 13 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 $73.7M in total revenue.
Is Loretto Health And Rehabilitation Center financially stable?
The organization has experienced consistent operating deficits in 8 out of the last 10 years, with expenses exceeding revenues. For example, in 2023, expenses were $78.8M against $70.1M in revenue. This trend, coupled with liabilities often exceeding assets, suggests financial instability.
What is the trend in the organization's assets and liabilities?
Assets have declined from $43.4M in 2014 to $30.3M in 2023. Liabilities have remained high, frequently surpassing assets, such as $43.9M in liabilities against $30.3M in assets in 2023, indicating a concerning financial structure.
How does Loretto Health And Rehabilitation Center compensate its executives?
All available IRS 990 filings report 0% for officer compensation. This is an unusual reporting practice for an organization of this size and warrants further investigation to understand how executive leadership is compensated, if at all, or if it's reported under other expense categories.
Filing History
IRS 990 filing history for Loretto Health And Rehabilitation Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Loretto Health And Rehabilitation Center's revenue has grown by 41.8%, moving from $49.4M to $70.1M. Total assets decreased by 31% over the same period, from $43.9M to $30.3M. Total functional expenses rose by 38.1%, from $57.1M to $78.8M. In its most recent filing year (2023), Loretto Health And Rehabilitation Center reported a deficit of $8.7M, with expenses exceeding revenue. The organization holds $44.0M in liabilities against $30.3M in assets (debt-to-asset ratio: 145.0%), resulting in net assets of $-13,650,235.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70.1M | $78.8M | $30.3M | $44.0M | — | — |
| 2022 | $63.4M | $71.7M | $30.8M | $36.1M | — | View 990 |
| 2021 | $69.2M | $65.8M | $32.6M | $30.0M | — | View 990 |
| 2020 | $65.1M | $72.4M | $32.1M | $37.2M | — | View 990 |
| 2019 | $71.3M | $73.5M | $33.3M | $33.5M | — | View 990 |
| 2018 | $66.2M | $72.3M | $35.7M | $47.3M | — | View 990 |
| 2017 | $64.3M | $67.0M | $37.4M | $42.8M | — | View 990 |
| 2016 | $64.9M | $65.3M | $37.6M | $40.3M | — | View 990 |
| 2015 | $61.5M | $61.3M | $41.1M | $43.4M | — | View 990 |
| 2014 | $59.0M | $57.6M | $43.4M | $45.9M | — | View 990 |
| 2013 | $62.5M | $55.1M | $46.5M | $50.3M | — | View 990 |
| 2012 | $60.0M | $57.6M | $42.3M | $53.4M | — | View 990 |
| 2011 | $49.4M | $57.1M | $43.9M | $57.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70.1M, expenses of $78.8M, and assets of $30.3M (revenue +10.7% year-over-year).
- 2022: Revenue of $63.4M, expenses of $71.7M, and assets of $30.8M (revenue -8.5% year-over-year).
- 2021: Revenue of $69.2M, expenses of $65.8M, and assets of $32.6M (revenue +6.4% year-over-year).
- 2020: Revenue of $65.1M, expenses of $72.4M, and assets of $32.1M (revenue -8.8% year-over-year).
- 2019: Revenue of $71.3M, expenses of $73.5M, and assets of $33.3M (revenue +7.8% year-over-year).
- 2018: Revenue of $66.2M, expenses of $72.3M, and assets of $35.7M (revenue +2.8% year-over-year).
- 2017: Revenue of $64.3M, expenses of $67.0M, and assets of $37.4M (revenue -0.8% year-over-year).
- 2016: Revenue of $64.9M, expenses of $65.3M, and assets of $37.6M (revenue +5.4% year-over-year).
- 2015: Revenue of $61.5M, expenses of $61.3M, and assets of $41.1M (revenue +4.3% year-over-year).
- 2014: Revenue of $59.0M, expenses of $57.6M, and assets of $43.4M (revenue -5.6% year-over-year).
- 2013: Revenue of $62.5M, expenses of $55.1M, and assets of $46.5M (revenue +4.1% year-over-year).
- 2012: Revenue of $60.0M, expenses of $57.6M, and assets of $42.3M (revenue +21.3% year-over-year).
- 2011: Revenue of $49.4M, expenses of $57.1M, and assets of $43.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loretto Health And Rehabilitation Center:
Data Sources and Methodology
This transparency report for Loretto Health And Rehabilitation Center 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.