Mental Health Association In Ulster County Inc
Mental Health Association In Ulster County Inc shows recent financial surpluses and no reported officer compensation.
EIN: 141459512 · Lake Katrine, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $6.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6.5M |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Mental Health Association In Ulster County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mental Health Association In Ulster County Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mental Health Association In Ulster County Inc
Mental Health Association In Ulster County Inc (EIN: 141459512) is a nonprofit organization based in Lake Katrine, NY. The organization reported total revenue of $6.7M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mental Health Association In Ulster County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mental Health Association In Ulster County Inc is a mid-size nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $6.3M |
| Surplus / Deficit | +$259K |
| Total Assets | $4.9M |
| Total Liabilities | $3.1M |
| Net Assets | $1.7M |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 64.9% |
| Months of Reserves | 9.2 months |
Financial Health Grade: A
In 2023, Mental Health Association In Ulster County Inc reported a surplus of $259K with revenue exceeding expenses, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 64.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mental Health Association In Ulster County Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | +6.5% | +0.4% |
| 2022 | +4.9% | +12.1% | +6.7% |
| 2021 | +8.8% | -5.8% | +5.1% |
| 2020 | -6.1% | -4.8% | -7.0% |
| 2019 | -4.3% | -7.6% | -8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Mental Health Association In Ulster County 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: 85%
- fundraising: 5%
According to IRS 990 filings, Mental Health Association In Ulster County Inc 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 surplus of $259K, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size ($6.5M+ revenue) and suggests that executive compensation may be reported under different categories or is not directly paid by the organization, requiring further scrutiny for a complete picture.
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 Mental Health Association In Ulster County Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual executive remuneration or structure.
Strengths
The following positive indicators were identified for Mental Health Association In Ulster County Inc:
- Consistent financial surpluses in recent years (2021-2023), indicating improved financial health.
- Regular and timely filing of IRS Form 990s, demonstrating transparency and compliance.
- Stable asset base of approximately $4.5M - $5M in recent periods.
Frequently Asked Questions about Mental Health Association In Ulster County Inc
Is Mental Health Association In Ulster County Inc a legitimate charity?
Mental Health Association In Ulster County Inc (EIN: 141459512) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.7M. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Mental Health Association In Ulster County Inc spend its money?
Mental Health Association In Ulster County Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mental Health Association In Ulster County Inc tax-deductible?
Mental Health Association In Ulster County Inc is registered as a tax-exempt nonprofit (EIN: 141459512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mental Health Association In Ulster County Inc CEO make?
Mental Health Association In Ulster County Inc's highest-compensated officer earns $6.5M annually. The organization reported $6.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mental Health Association In Ulster County Inc's spending goes to programs?
Mental Health Association In Ulster County Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mental Health Association In Ulster County Inc located?
Mental Health Association In Ulster County Inc is headquartered in Lake Katrine, New York and files with the IRS under EIN 141459512.
How many years of IRS 990 filings does Mental Health Association In Ulster County Inc have?
Mental Health Association In Ulster County Inc 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 $6.7M in total revenue.
Is Mental Health Association In Ulster County Inc a good charity?
Based on the available financial data, the organization appears to be a good charity. It has demonstrated recent financial stability with surpluses in the last three reported periods (2021-2023) and consistently files its IRS 990s. The reported 0% officer compensation is a unique aspect that could be viewed positively for resource allocation, though it warrants further inquiry.
How has the organization's financial health changed over time?
The organization experienced several years of operating deficits between 2014 and 2020, with expenses exceeding revenue. However, from 2021 to 2023, it has consistently generated surpluses, indicating an improvement in financial management and sustainability. For example, in 202312, revenue was $6,563,924 against expenses of $6,305,384, a positive shift from the $5,674,631 revenue vs. $5,886,892 expenses in 201912.
What is the significance of 0% officer compensation?
A reported 0% officer compensation on the IRS 990 for an organization with over $6 million in revenue is highly unusual. It could mean that executive leadership is entirely volunteer-based, compensated through a related entity, or that their compensation is categorized differently on the 990 (e.g., as program or administrative expenses rather than officer compensation). This requires deeper investigation to understand the full compensation structure.
Filing History
IRS 990 filing history for Mental Health Association In Ulster County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mental Health Association In Ulster County Inc's revenue has declined by 21.2%, moving from $8.3M to $6.6M. Total assets increased by 0.4% over the same period, from $4.8M to $4.9M. Total functional expenses fell by 23.6%, from $8.3M to $6.3M. In its most recent filing year (2023), Mental Health Association In Ulster County Inc reported a surplus of $259K, with revenue exceeding expenses. The organization holds $3.1M in liabilities against $4.9M in assets (debt-to-asset ratio: 64.9%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $6.3M | $4.9M | $3.1M | — | — |
| 2022 | $6.1M | $5.9M | $4.8M | $3.4M | — | View 990 |
| 2021 | $5.8M | $5.3M | $4.5M | $3.2M | — | View 990 |
| 2020 | $5.3M | $5.6M | $4.3M | $3.6M | — | View 990 |
| 2019 | $5.7M | $5.9M | $4.6M | $3.6M | — | View 990 |
| 2018 | $5.9M | $6.4M | $5.1M | $4.0M | — | View 990 |
| 2017 | $6.6M | $6.8M | $5.5M | $4.0M | — | — |
| 2016 | $7.2M | $7.2M | $6.0M | $4.3M | — | View 990 |
| 2015 | $7.5M | $7.5M | $6.0M | $4.3M | — | View 990 |
| 2014 | $7.6M | $7.6M | $6.2M | $4.5M | — | View 990 |
| 2013 | $7.4M | $7.5M | $6.4M | $4.6M | — | View 990 |
| 2012 | $8.3M | $8.0M | $6.5M | $4.7M | — | View 990 |
| 2011 | $8.3M | $8.3M | $4.8M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $6.3M, and assets of $4.9M (revenue +7.9% year-over-year).
- 2022: Revenue of $6.1M, expenses of $5.9M, and assets of $4.8M (revenue +4.9% year-over-year).
- 2021: Revenue of $5.8M, expenses of $5.3M, and assets of $4.5M (revenue +8.8% year-over-year).
- 2020: Revenue of $5.3M, expenses of $5.6M, and assets of $4.3M (revenue -6.1% year-over-year).
- 2019: Revenue of $5.7M, expenses of $5.9M, and assets of $4.6M (revenue -4.3% year-over-year).
- 2018: Revenue of $5.9M, expenses of $6.4M, and assets of $5.1M (revenue -10.3% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.8M, and assets of $5.5M (revenue -8.6% year-over-year).
- 2016: Revenue of $7.2M, expenses of $7.2M, and assets of $6.0M (revenue -3.5% year-over-year).
- 2015: Revenue of $7.5M, expenses of $7.5M, and assets of $6.0M (revenue -1.0% year-over-year).
- 2014: Revenue of $7.6M, expenses of $7.6M, and assets of $6.2M (revenue +2.6% year-over-year).
- 2013: Revenue of $7.4M, expenses of $7.5M, and assets of $6.4M (revenue -11.0% year-over-year).
- 2012: Revenue of $8.3M, expenses of $8.0M, and assets of $6.5M (revenue -0.4% year-over-year).
- 2011: Revenue of $8.3M, expenses of $8.3M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mental Health Association In Ulster County Inc:
Data Sources and Methodology
This transparency report for Mental Health Association In Ulster County 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.