Medisys Health Network Inc
Medisys Health Network consistently allocates over 85% of expenses to programs with no reported officer compensation.
EIN: 113316802 · Jamaica, NY · NTEE: E110 · Updated: 2026-03-28
Is Medisys Health Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Medisys Health Network Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Medisys Health Network Inc
Medisys Health Network Inc (EIN: 113316802) is a nonprofit organization based in Jamaica, NY, classified under NTEE code E110. The organization reported total revenue of $6.5M and total assets of $186.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Medisys Health Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Medisys Health Network Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Medisys Health Network Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with over $7 million in annual revenue and $178 million in assets. This suggests that executive compensation may be structured in a way that is not reported under 'officer compensation' or that key leadership roles are filled by volunteers or compensated through a related entity, warranting further investigation for complete transparency.
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 Medisys Health Network Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive remuneration or structure.
- High liabilities relative to assets (e.g., $147 million liabilities vs. $178 million assets in 2023), though this is common for healthcare networks with significant infrastructure and debt.
Strengths
The following positive indicators were identified for Medisys Health Network Inc:
- Strong program spending ratio, consistently allocating around 90% of expenses to program services.
- Consistent revenue growth, from $3.9 million in 2019 to over $7 million in 2023.
- Significant asset growth, indicating increasing capacity and financial stability.
- Positive net income in most recent years, demonstrating financial sustainability.
Frequently Asked Questions about Medisys Health Network Inc
Is Medisys Health Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Medisys Health Network Inc (EIN: 113316802) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Medisys Health Network Inc spend its money?
Medisys Health Network Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Medisys Health Network Inc tax-deductible?
Medisys Health Network Inc is registered as a tax-exempt nonprofit (EIN: 113316802). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Medisys Health Network Inc. a good charity?
Based on its high program spending ratio (approximately 90% in 2023) and consistent revenue growth, Medisys Health Network Inc. appears to be an effective charity in terms of financial efficiency and mission focus.
How does Medisys Health Network Inc. fund its operations?
The filings indicate consistent revenue generation, increasing from $3.9 million in 2019 to over $7 million in 2023, suggesting a stable funding base, likely from service fees, grants, or other operational income typical for a health network.
What is the trend in Medisys Health Network Inc.'s financial health?
The organization shows a positive trend in financial health, with increasing revenues, assets, and a consistent surplus of revenue over expenses in most recent years, indicating financial stability and growth.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is a notable point. It could mean that executive leadership is volunteer-based, compensated by a related entity, or that compensation is reported under different categories, which would require deeper scrutiny of the full 990 forms for clarity.
Filing History
IRS 990 filing history for Medisys Health Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Medisys Health Network Inc's revenue has declined by 10.4%, moving from $7.9M to $7.1M. Total assets increased by 58.6% over the same period, from $112.3M to $178.1M. Total functional expenses rose by 37.5%, from $4.9M to $6.7M. In its most recent filing year (2023), Medisys Health Network Inc reported a surplus of $317K, with revenue exceeding expenses. The organization holds $147.5M in liabilities against $178.1M in assets (debt-to-asset ratio: 82.8%), resulting in net assets of $30.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $7.1M | $6.7M | $178.1M | $147.5M | — | — |
| 2022 | $6.8M | $5.9M | $155.2M | $125.0M | — | View 990 |
| 2021 | $4.6M | $4.4M | $150.6M | $120.9M | — | View 990 |
| 2020 | $6.8M | $4.0M | $139.0M | $109.3M | — | View 990 |
| 2019 | $3.9M | $3.8M | $131.3M | $103.3M | — | View 990 |
| 2018 | $4.0M | $3.2M | $127.9M | $101.0M | — | View 990 |
| 2017 | $3.9M | $3.5M | $122.8M | $96.0M | — | View 990 |
| 2016 | $4.0M | $3.8M | $122.2M | $96.3M | — | View 990 |
| 2015 | $4.1M | $3.8M | $118.3M | $91.7M | — | View 990 |
| 2014 | $5.2M | $3.6M | $108.8M | $82.5M | — | View 990 |
| 2013 | $6.5M | $4.7M | $96.5M | $71.2M | — | View 990 |
| 2012 | $5.1M | $19.7M | $90.7M | $69.5M | — | View 990 |
| 2011 | $7.9M | $4.9M | $112.3M | $73.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.1M, expenses of $6.7M, and assets of $178.1M (revenue +3.1% year-over-year).
- 2022: Revenue of $6.8M, expenses of $5.9M, and assets of $155.2M (revenue +49.8% year-over-year).
- 2021: Revenue of $4.6M, expenses of $4.4M, and assets of $150.6M (revenue -32.9% year-over-year).
- 2020: Revenue of $6.8M, expenses of $4.0M, and assets of $139.0M (revenue +72.8% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.8M, and assets of $131.3M (revenue -1.3% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.2M, and assets of $127.9M (revenue +2.5% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.5M, and assets of $122.8M (revenue -2.6% year-over-year).
- 2016: Revenue of $4.0M, expenses of $3.8M, and assets of $122.2M (revenue -2.6% year-over-year).
- 2015: Revenue of $4.1M, expenses of $3.8M, and assets of $118.3M (revenue -20.6% year-over-year).
- 2014: Revenue of $5.2M, expenses of $3.6M, and assets of $108.8M (revenue -20.4% year-over-year).
- 2013: Revenue of $6.5M, expenses of $4.7M, and assets of $96.5M (revenue +26.4% year-over-year).
- 2012: Revenue of $5.1M, expenses of $19.7M, and assets of $90.7M (revenue -34.8% year-over-year).
- 2011: Revenue of $7.9M, expenses of $4.9M, and assets of $112.3M.
Data Sources and Methodology
This transparency report for Medisys Health Network 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.