Loretto Management Corporation
Loretto Management Corporation: Stable Revenue, Declining Assets
EIN: 222873640 · Syracuse, NY · NTEE: E91B · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $28.3M |
| Total Expenses | $30.0M |
| Program Spending | 80% |
| Net Assets | $13.0M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Loretto Management Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Loretto Management Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Loretto Management Corporation in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $28.5M and expenses of $30.0M.
Revenue and Expenses
Loretto Management Corporation reported $28.5M in revenue and $30.0M in expenses, a deficit of $1.5M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Loretto Management Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $24.0M (80%) |
Across stored filings, Loretto Management Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 14 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Health context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Loretto Management Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Loretto Management Corporation
Loretto Management Corporation (EIN: 222873640) is a nonprofit organization based in Syracuse, NY, classified under NTEE code E91B. The organization reported total revenue of $28.3M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loretto Management Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loretto Management Corporation is a large nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.5M |
| Total Expenses | $30.0M |
| Surplus / Deficit | $-1,505,567 |
| Total Assets | $32.6M |
| Total Liabilities | $19.6M |
| Net Assets | $13.0M |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 60.2% |
| Months of Reserves | 13.1 months |
Financial Health Grade: C
In 2023, Loretto Management Corporation reported a deficit of $1.5M with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 60.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Loretto Management Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +7.0% | -30.7% |
| 2022 | +10.3% | +11.0% | -17.8% |
| 2021 | -10.7% | -5.8% | +8.4% |
| 2020 | -0.2% | +3.2% | -9.3% |
| 2019 | +3.9% | +0.4% | -15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Management Corporation with a Mission Score of 75 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: 80%
- fundraising: 10%
According to IRS 990 filings, Loretto Management Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 60.2%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with no red flags indicating excessive pay based on available filings.
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 Management Corporation's IRS 990 filings:
- Total assets have shown a significant decline from $77,018,761 in 2017 to $32,641,623 in 2023, warranting further investigation into the cause and impact.
- Expenses have consistently exceeded revenue in recent years, with 2023 showing expenses of $29,984,221 against revenue of $28,478,654, indicating a potential operational deficit.
Strengths
The following positive indicators were identified for Loretto Management Corporation:
- Consistent revenue generation over the past several years, demonstrating stable operational funding.
- Maintains a positive net asset position, despite recent declines in total assets.
- Clear and consistent financial reporting through publicly available filings.
Frequently Asked Questions about Loretto Management Corporation
Is Loretto Management Corporation a legitimate charity?
Loretto Management Corporation (EIN: 222873640) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $28.3M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Loretto Management Corporation spend its money?
Loretto Management Corporation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Loretto Management Corporation tax-deductible?
Loretto Management Corporation is registered as a tax-exempt nonprofit (EIN: 222873640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Loretto Management Corporation's spending goes to programs?
Loretto Management Corporation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Loretto Management Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Loretto Management Corporation is above average for NTEE category E91B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Loretto Management Corporation located?
Loretto Management Corporation is headquartered in Syracuse, New York and files with the IRS under EIN 222873640. It is classified under NTEE code E91B.
How many years of IRS 990 filings does Loretto Management Corporation have?
Loretto Management Corporation 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 $28.3M in total revenue.
What does Loretto Management Corporation do?
Loretto Management Corporation is a nonprofit organization in the Health Care sector, located in Syracuse, New York. It is classified under NTEE code E91B.
How much revenue does Loretto Management Corporation have?
Loretto Management Corporation reported total revenue of $28,348,226. Based on 14 IRS 990 filings on record.
What are Loretto Management Corporation's total assets?
Loretto Management Corporation holds total assets of $23,148,493 as reported in IRS 990 filings.
Where is Loretto Management Corporation located?
Loretto Management Corporation is based in Syracuse, New York.
What is Loretto Management Corporation's EIN?
Loretto Management Corporation's Employer Identification Number (EIN) is 222873640. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Loretto Management Corporation?
Loretto Management Corporation is classified under NTEE code E91B (Health Care).
Is Loretto Management Corporation a registered 501(c)(3)?
Yes, Loretto Management Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222873640.
Does Loretto Management Corporation file IRS Form 990?
Yes, Loretto Management Corporation has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Loretto Management Corporation's revenue in 2023?
In the 202312 filing period, Loretto Management Corporation reported total revenue of $28,478,654, total expenses of $29,984,221, and net assets of $32,641,623.
Is Loretto Management Corporation's revenue growing or declining?
Loretto Management Corporation's revenue is growing. Revenue went from $26,904,550 (202212) to $28,478,654 (202312), a +5.9% change. Based on 14 filings on record.
What is Loretto Management Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Loretto Management Corporation covers tax period 202312. It shows revenue of $28,478,654, expenses of $29,984,221, total assets of $32,641,623, and liabilities of $19,642,437.
How much does Loretto Management Corporation spend on programs vs administration?
Based on IRS 990 analysis, Loretto Management Corporation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Loretto Management Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Loretto Management Corporation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Loretto Management Corporation?
The following concerns were identified: Total assets have shown a significant decline from $77,018,761 in 2017 to $32,641,623 in 2023, warranting further investigation into the cause and impact.. Expenses have consistently exceeded revenue in recent years, with 2023 showing expenses of $29,984,221 against revenue of $28,478,654, indicating a potential operational deficit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Loretto Management Corporation's strengths?
Positive indicators for Loretto Management Corporation include: Consistent revenue generation over the past several years, demonstrating stable operational funding.. Maintains a positive net asset position, despite recent declines in total assets.. Clear and consistent financial reporting through publicly available filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Loretto Management Corporation compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with no red flags indicating excessive pay based on available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial decrease in total assets from $77,018,761 in 2017 to $32,641,623 in 2023, and what is the strategic plan to address this trend?
The filings indicate a significant reduction in assets, but the specific reasons (e.g., asset sales, depreciation, investment losses) are not detailed in the summary data provided. A deeper dive into the full financial statements would be necessary to understand the underlying causes and the organization's strategy to manage its asset base.
Given that expenses have exceeded revenue in multiple recent years (e.g., 2023: expenses $29,984,221 vs. revenue $28,478,654), how is the organization sustaining its operations, and what measures are being taken to achieve financial equilibrium?
While expenses have surpassed revenue in some years, the organization has maintained a positive net asset position. This suggests that prior surpluses or other non-operating income may be covering the shortfalls. A detailed review of cash flow statements and non-operating activities would clarify the funding mechanisms and sustainability strategies.
Filing History
IRS 990 filing history for Loretto Management Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Loretto Management Corporation's revenue has grown by 67.3%, moving from $17.0M to $28.5M. Total assets increased by 447% over the same period, from $6.0M to $32.6M. Total functional expenses rose by 65%, from $18.2M to $30.0M. In its most recent filing year (2023), Loretto Management Corporation reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $19.6M in liabilities against $32.6M in assets (debt-to-asset ratio: 60.2%), resulting in net assets of $13.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.5M | $30.0M | $32.6M | $19.6M | — | — |
| 2022 | $26.9M | $28.0M | $47.1M | $16.6M | — | — |
| 2021 | $24.4M | $25.2M | $57.3M | $12.8M | — | — |
| 2020 | $27.3M | $26.8M | $52.9M | $12.1M | — | — |
| 2019 | $27.4M | $25.9M | $58.3M | $11.4M | — | View 990 |
| 2018 | $26.4M | $25.9M | $69.0M | $12.5M | — | View 990 |
| 2017 | $24.4M | $23.8M | $77.0M | $11.2M | — | View 990 |
| 2016 | $22.6M | $23.3M | $72.4M | $10.1M | — | View 990 |
| 2015 | $22.6M | $22.9M | $69.8M | $9.5M | — | View 990 |
| 2014 | $22.3M | $22.2M | $71.0M | $9.8M | — | View 990 |
| 2013 | $19.1M | $19.8M | $51.0M | $5.7M | — | View 990 |
| 2012 | $21.9M | $22.2M | $31.3M | $5.7M | — | View 990 |
| 2011 | $17.1M | $19.1M | $5.6M | $4.2M | — | View 990 |
| 2010 | $17.0M | $18.2M | $6.0M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.5M, expenses of $30.0M, and assets of $32.6M (revenue +5.9% year-over-year).
- 2022: Revenue of $26.9M, expenses of $28.0M, and assets of $47.1M (revenue +10.3% year-over-year).
- 2021: Revenue of $24.4M, expenses of $25.2M, and assets of $57.3M (revenue -10.7% year-over-year).
- 2020: Revenue of $27.3M, expenses of $26.8M, and assets of $52.9M (revenue -0.2% year-over-year).
- 2019: Revenue of $27.4M, expenses of $25.9M, and assets of $58.3M (revenue +3.9% year-over-year).
- 2018: Revenue of $26.4M, expenses of $25.9M, and assets of $69.0M (revenue +7.8% year-over-year).
- 2017: Revenue of $24.4M, expenses of $23.8M, and assets of $77.0M (revenue +8.1% year-over-year).
- 2016: Revenue of $22.6M, expenses of $23.3M, and assets of $72.4M (revenue +0.0% year-over-year).
- 2015: Revenue of $22.6M, expenses of $22.9M, and assets of $69.8M (revenue +1.3% year-over-year).
- 2014: Revenue of $22.3M, expenses of $22.2M, and assets of $71.0M (revenue +16.6% year-over-year).
- 2013: Revenue of $19.1M, expenses of $19.8M, and assets of $51.0M (revenue -12.4% year-over-year).
- 2012: Revenue of $21.9M, expenses of $22.2M, and assets of $31.3M (revenue +28.0% year-over-year).
- 2011: Revenue of $17.1M, expenses of $19.1M, and assets of $5.6M (revenue +0.3% year-over-year).
- 2010: Revenue of $17.0M, expenses of $18.2M, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loretto Management Corporation:
Data Sources and Methodology
This transparency report for Loretto Management Corporation 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.