Mary Ann Morse Healthcare Corp
Mary Ann Morse Healthcare Corp: Stable Finances, Consistent Program Spending
EIN: 223064323 · Framingham, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $43.2M |
| Total Expenses | $30.1M |
| Program Spending | 85% |
| Net Assets | $17.0M |
| Transparency Score | 75/100 |
Is Mary Ann Morse Healthcare Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mary Ann Morse Healthcare Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mary Ann Morse Healthcare Corp
Mary Ann Morse Healthcare Corp (EIN: 223064323) is a nonprofit organization based in Framingham, MA. The organization reported total revenue of $43.2M and total assets of $37.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Ann Morse Healthcare Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Ann Morse Healthcare Corp is a large nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.4M |
| Total Expenses | $30.1M |
| Surplus / Deficit | $-701,717 |
| Total Assets | $36.3M |
| Total Liabilities | $19.3M |
| Net Assets | $17.0M |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 53.1% |
| Months of Reserves | 14.5 months |
Financial Health Grade: C
In 2023, Mary Ann Morse Healthcare Corp reported a deficit of $702K with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 53.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mary Ann Morse Healthcare Corp's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.8% | +14.2% | -0.9% |
| 2022 | +19.5% | +17.2% | -3.8% |
| 2021 | +1.0% | +9.5% | +3.2% |
| 2020 | +6.4% | -1.4% | +10.5% |
| 2019 | +5.1% | +6.2% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Mary Ann Morse Healthcare Corp 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: 85%
- fundraising: 5%
According to IRS 990 filings, Mary Ann Morse Healthcare Corp 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 $702K, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries or benefits.
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.
Strengths
The following positive indicators were identified for Mary Ann Morse Healthcare Corp:
- Consistent revenue growth from $19.8M in 2017 to $29.4M in 2023, indicating financial stability and increasing reach.
- Assets have remained robust, consistently above $32M, providing a strong financial foundation.
- Program expenses consistently represent a high percentage of total expenses, demonstrating a strong commitment to mission.
- Low administrative and fundraising costs suggest efficient operations and effective resource allocation.
Frequently Asked Questions about Mary Ann Morse Healthcare Corp
Is Mary Ann Morse Healthcare Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Mary Ann Morse Healthcare Corp (EIN: 223064323) appears legitimate. Mission Score: 75/100. 0 red flags identified, 4 strengths noted.
How does Mary Ann Morse Healthcare Corp spend its money?
Mary Ann Morse Healthcare Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mary Ann Morse Healthcare Corp tax-deductible?
Mary Ann Morse Healthcare Corp is registered as a tax-exempt nonprofit (EIN: 223064323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mary Ann Morse Healthcare Corp's spending goes to programs?
Mary Ann Morse Healthcare Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mary Ann Morse Healthcare Corp located?
Mary Ann Morse Healthcare Corp is headquartered in Framingham, Massachusetts and files with the IRS under EIN 223064323.
How many years of IRS 990 filings does Mary Ann Morse Healthcare Corp have?
Mary Ann Morse Healthcare Corp 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 $43.2M in total revenue.
What does Mary Ann Morse Healthcare Corp do?
Mary Ann Morse Healthcare Corp is a nonprofit organization in the Unknown sector, located in Framingham, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Mary Ann Morse Healthcare Corp have?
Mary Ann Morse Healthcare Corp reported total revenue of $43,240,972. Based on 13 IRS 990 filings on record.
What are Mary Ann Morse Healthcare Corp's total assets?
Mary Ann Morse Healthcare Corp holds total assets of $37,234,149 as reported in IRS 990 filings.
Where is Mary Ann Morse Healthcare Corp located?
Mary Ann Morse Healthcare Corp is based in Framingham, Massachusetts.
What is Mary Ann Morse Healthcare Corp's EIN?
Mary Ann Morse Healthcare Corp's Employer Identification Number (EIN) is 223064323. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mary Ann Morse Healthcare Corp?
Mary Ann Morse Healthcare Corp is classified under NTEE code Unknown (Unknown).
Is Mary Ann Morse Healthcare Corp a registered 501(c)(3)?
Mary Ann Morse Healthcare Corp appears in IRS records (EIN: 223064323). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mary Ann Morse Healthcare Corp file IRS Form 990?
Yes, Mary Ann Morse Healthcare Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mary Ann Morse Healthcare Corp's revenue in 2023?
In the 202312 filing period, Mary Ann Morse Healthcare Corp reported total revenue of $29,400,557, total expenses of $30,102,274, and net assets of $36,252,101.
Is Mary Ann Morse Healthcare Corp's revenue growing or declining?
Mary Ann Morse Healthcare Corp's revenue is growing. Revenue went from $26,782,643 (202212) to $29,400,557 (202312), a +9.8% change. Based on 13 filings on record.
What is Mary Ann Morse Healthcare Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Mary Ann Morse Healthcare Corp covers tax period 202312. It shows revenue of $29,400,557, expenses of $30,102,274, total assets of $36,252,101, and liabilities of $19,255,714.
How much does Mary Ann Morse Healthcare Corp spend on programs vs administration?
Based on IRS 990 analysis, Mary Ann Morse Healthcare Corp allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Mary Ann Morse Healthcare Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Mary Ann Morse Healthcare Corp appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Mary Ann Morse Healthcare Corp's strengths?
Positive indicators for Mary Ann Morse Healthcare Corp include: Consistent revenue growth from $19.8M in 2017 to $29.4M in 2023, indicating financial stability and increasing reach.. Assets have remained robust, consistently above $32M, providing a strong financial foundation.. Program expenses consistently represent a high percentage of total expenses, demonstrating a strong commitment to mission.. Low administrative and fundraising costs suggest efficient operations and effective resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does Mary Ann Morse Healthcare Corp compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries or benefits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Mary Ann Morse Healthcare Corp managed to achieve consistent revenue growth over the past seven years, and what are the primary drivers of this growth?
The consistent revenue growth from $19.8M in 2017 to $29.4M in 2023 suggests effective service delivery and potentially expanding programs or increased demand for their healthcare services. Without more detailed operational data, specific drivers like new contracts, increased patient volume, or successful fundraising campaigns cannot be precisely identified, but the trend is positive.
Given the consistent asset base and revenue growth, what is the organization's strategy for managing its liabilities, which have also remained relatively stable around $19-21M?
The stable liability figures, hovering around $19-21M while assets and revenue grow, indicate a prudent financial management approach. This suggests that the organization is likely managing its debt and other obligations effectively, possibly through consistent repayment schedules or by maintaining a healthy balance between operational needs and long-term financial health.
Filing History
IRS 990 filing history for Mary Ann Morse Healthcare Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mary Ann Morse Healthcare Corp's revenue has grown by 61.1%, moving from $18.3M to $29.4M. Total assets decreased by 2.2% over the same period, from $37.1M to $36.3M. Total functional expenses rose by 69.6%, from $17.8M to $30.1M. In its most recent filing year (2023), Mary Ann Morse Healthcare Corp reported a deficit of $702K, with expenses exceeding revenue. The organization holds $19.3M in liabilities against $36.3M in assets (debt-to-asset ratio: 53.1%), resulting in net assets of $17.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.4M | $30.1M | $36.3M | $19.3M | — | — |
| 2022 | $26.8M | $26.4M | $36.6M | $19.8M | — | — |
| 2021 | $22.4M | $22.5M | $38.0M | $19.2M | — | View 990 |
| 2020 | $22.2M | $20.5M | $36.9M | $20.7M | — | — |
| 2019 | $20.9M | $20.8M | $33.3M | $19.8M | — | View 990 |
| 2018 | $19.9M | $19.6M | $32.9M | $20.1M | — | View 990 |
| 2017 | $19.9M | $19.8M | $34.8M | $21.1M | — | View 990 |
| 2016 | $20.7M | $19.9M | $34.9M | $21.9M | — | View 990 |
| 2015 | $20.4M | $19.6M | $35.8M | $23.6M | — | View 990 |
| 2014 | $20.3M | $18.9M | $35.8M | $24.5M | — | View 990 |
| 2013 | $19.1M | $18.8M | $36.1M | $25.8M | — | View 990 |
| 2012 | $17.7M | $18.0M | $36.0M | $27.3M | — | View 990 |
| 2011 | $18.3M | $17.8M | $37.1M | $28.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.4M, expenses of $30.1M, and assets of $36.3M (revenue +9.8% year-over-year).
- 2022: Revenue of $26.8M, expenses of $26.4M, and assets of $36.6M (revenue +19.5% year-over-year).
- 2021: Revenue of $22.4M, expenses of $22.5M, and assets of $38.0M (revenue +1.0% year-over-year).
- 2020: Revenue of $22.2M, expenses of $20.5M, and assets of $36.9M (revenue +6.4% year-over-year).
- 2019: Revenue of $20.9M, expenses of $20.8M, and assets of $33.3M (revenue +5.1% year-over-year).
- 2018: Revenue of $19.9M, expenses of $19.6M, and assets of $32.9M (revenue -0.1% year-over-year).
- 2017: Revenue of $19.9M, expenses of $19.8M, and assets of $34.8M (revenue -4.1% year-over-year).
- 2016: Revenue of $20.7M, expenses of $19.9M, and assets of $34.9M (revenue +1.6% year-over-year).
- 2015: Revenue of $20.4M, expenses of $19.6M, and assets of $35.8M (revenue +0.4% year-over-year).
- 2014: Revenue of $20.3M, expenses of $18.9M, and assets of $35.8M (revenue +6.2% year-over-year).
- 2013: Revenue of $19.1M, expenses of $18.8M, and assets of $36.1M (revenue +7.8% year-over-year).
- 2012: Revenue of $17.7M, expenses of $18.0M, and assets of $36.0M (revenue -2.9% year-over-year).
- 2011: Revenue of $18.3M, expenses of $17.8M, and assets of $37.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Ann Morse Healthcare Corp:
Data Sources and Methodology
This transparency report for Mary Ann Morse Healthcare Corp 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.