Milford Health & Medical Inc
Milford Health & Medical Inc: Declining Revenue and Assets Raise Concerns
EIN: 222627346 · Milford, CT · Updated: 2026-04-04
Is Milford Health & Medical Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Milford Health & Medical Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Milford Health & Medical Inc
Milford Health & Medical Inc (EIN: 222627346) is a nonprofit organization based in Milford, CT. The organization reported total revenue of $0 and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milford Health & Medical Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milford Health & Medical Inc is a micro nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -48.6% | -1.6% |
| 2022 | -97.3% | -9.5% | -3.0% |
| 2021 | +46433.3% | -89.0% | -3.1% |
| 2020 | -100.0% | +77.3% | -73.7% |
| 2019 | +33.8% | -81.7% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Milford Health & Medical Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Milford Health & Medical Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further 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 Milford Health & Medical Inc's IRS 990 filings:
- Significant decline in revenue from $2,073,376 in 2019 to $0 in 2023, indicating a potential cessation of primary activities or a major operational shift.
- Total assets have decreased substantially from $10,930,162 in 2019 to $2,656,688 in 2023, suggesting asset depletion or divestment.
- Lack of reported revenue for the last four fiscal years (2020-2023) raises questions about the organization's current operational status and funding model.
- The 'x' value (expenses) has also seen a dramatic drop from $831,046 in 2020 to $42,399 in 2023, aligning with the revenue decline but still indicating some level of ongoing activity.
- The 'c0%' for all years indicates no reported contributions, which is unusual for a nonprofit and further questions its funding sources.
Strengths
The following positive indicators were identified for Milford Health & Medical Inc:
- Maintained a consistent level of assets above $2.6 million even with no reported revenue in recent years, suggesting some financial stability from prior periods.
Frequently Asked Questions about Milford Health & Medical Inc
Is Milford Health & Medical Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Milford Health & Medical Inc (EIN: 222627346) significant concerns. Mission Score: 45/100. 5 red flags identified, 1 strength noted.
How does Milford Health & Medical Inc spend its money?
Milford Health & Medical Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Milford Health & Medical Inc tax-deductible?
Milford Health & Medical Inc is registered as a tax-exempt nonprofit (EIN: 222627346). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Milford Health & Medical Inc do?
Milford Health & Medical Inc is a nonprofit organization in the Unknown sector, located in Milford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Milford Health & Medical Inc have?
Milford Health & Medical Inc reported total revenue of N/A. Based on 13 IRS 990 filings on record.
What are Milford Health & Medical Inc's total assets?
Milford Health & Medical Inc holds total assets of $2,656,688 as reported in IRS 990 filings.
Where is Milford Health & Medical Inc located?
Milford Health & Medical Inc is based in Milford, Connecticut.
What is Milford Health & Medical Inc's EIN?
Milford Health & Medical Inc's Employer Identification Number (EIN) is 222627346. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Milford Health & Medical Inc?
Milford Health & Medical Inc is classified under NTEE code Unknown (Unknown).
Is Milford Health & Medical Inc a registered 501(c)(3)?
Milford Health & Medical Inc appears in IRS records (EIN: 222627346). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Milford Health & Medical Inc file IRS Form 990?
Yes, Milford Health & Medical Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Milford Health & Medical Inc's revenue in 2023?
In the 202309 filing period, Milford Health & Medical Inc reported total revenue of N/A, total expenses of $42,399, and net assets of $2,656,688.
Is Milford Health & Medical Inc's revenue growing or declining?
Milford Health & Medical Inc's revenue is declining. Revenue went from $37 (202209) to N/A (202309), a -100.0% change. Based on 13 filings on record.
What is Milford Health & Medical Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Milford Health & Medical Inc covers tax period 202309. It shows revenue of N/A, expenses of $42,399, total assets of $2,656,688, and liabilities of $2,656,688.
How much does Milford Health & Medical Inc spend on programs vs administration?
Based on IRS 990 analysis, Milford Health & Medical Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Milford Health & Medical Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Milford Health & Medical Inc shows mixed signals. Mission Score: 45/100 (Fair). 5 red flags identified. 1 strength noted.
What are the red flags for Milford Health & Medical Inc?
The following concerns were identified: Significant decline in revenue from $2,073,376 in 2019 to $0 in 2023, indicating a potential cessation of primary activities or a major operational shift.. Total assets have decreased substantially from $10,930,162 in 2019 to $2,656,688 in 2023, suggesting asset depletion or divestment.. Lack of reported revenue for the last four fiscal years (2020-2023) raises questions about the organization's current operational status and funding model.. The 'x' value (expenses) has also seen a dramatic drop from $831,046 in 2020 to $42,399 in 2023, aligning with the revenue decline but still indicating some level of ongoing activity.. The 'c0%' for all years indicates no reported contributions, which is unusual for a nonprofit and further questions its funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Milford Health & Medical Inc's strengths?
Positive indicators for Milford Health & Medical Inc include: Maintained a consistent level of assets above $2.6 million even with no reported revenue in recent years, suggesting some financial stability from prior periods.. These findings are derived from AI analysis of the organization's financial filings.
How does Milford Health & Medical Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Milford Health & Medical Inc?
- No detailed program descriptions or impact reports readily available. - Financial statements show a lack of specific breakdowns for administrative and fundraising expenses. - Website lacks a dedicated transparency or 'about us' section with key organizational details. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent 'c0%' for contributions and the dramatic drop in reported revenue, what is the primary funding mechanism for Milford Health & Medical Inc, and how does it sustain its operations?
The provided data does not specify the funding mechanism. The 'c0%' indicates no reported contributions, and the revenue has dropped to $0. This suggests the organization may be operating on reserves, liquidating assets, or has an unreported funding source not captured in these filings.
What specific programs or services, if any, are being delivered by Milford Health & Medical Inc, especially considering the significant reduction in expenses and lack of reported revenue?
The data does not provide details on specific programs or services. The substantial reduction in expenses from $831,046 in 2020 to $42,399 in 2023, coupled with zero revenue, implies either minimal operational activity or a complete shift in focus that is not reflected in the financial summaries.
Filing History
IRS 990 filing history for Milford Health & Medical Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Milford Health & Medical Inc's revenue has declined by 100%, moving from $373K to $0. Total assets decreased by 75.2% over the same period, from $10.7M to $2.7M. Total functional expenses fell by 96.6%, from $1.3M to $42K. The organization holds $2.7M in liabilities against $2.7M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $42K | $2.7M | $2.7M | — | View 990 |
| 2022 | $37 | $82K | $2.7M | $2.7M | — | View 990 |
| 2021 | $1K | $91K | $2.8M | $2.8M | — | View 990 |
| 2020 | $3 | $831K | $2.9M | $2.9M | — | View 990 |
| 2019 | $2.1M | $469K | $10.9M | $7.0M | — | View 990 |
| 2018 | $1.5M | $2.6M | $12.3M | $1.1M | — | View 990 |
| 2017 | $2.4M | $2.4M | $12.6M | $426K | — | View 990 |
| 2016 | $2.7M | $1.9M | $12.9M | $715K | — | View 990 |
| 2015 | $575K | $2.5M | $12.9M | $1.4M | — | View 990 |
| 2014 | $530K | $3.0M | $13.0M | $1.9M | — | View 990 |
| 2013 | $1.3M | $1.1M | $13.9M | $882K | — | View 990 |
| 2012 | $406K | $1.1M | $11.3M | $1.2M | — | View 990 |
| 2011 | $373K | $1.3M | $10.7M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $42K, and assets of $2.7M (revenue -100.0% year-over-year).
- 2022: Revenue of $37, expenses of $82K, and assets of $2.7M (revenue -97.3% year-over-year).
- 2021: Revenue of $1K, expenses of $91K, and assets of $2.8M (revenue +46433.3% year-over-year).
- 2020: Revenue of $3, expenses of $831K, and assets of $2.9M (revenue -100.0% year-over-year).
- 2019: Revenue of $2.1M, expenses of $469K, and assets of $10.9M (revenue +33.8% year-over-year).
- 2018: Revenue of $1.5M, expenses of $2.6M, and assets of $12.3M (revenue -36.3% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.4M, and assets of $12.6M (revenue -9.3% year-over-year).
- 2016: Revenue of $2.7M, expenses of $1.9M, and assets of $12.9M (revenue +366.2% year-over-year).
- 2015: Revenue of $575K, expenses of $2.5M, and assets of $12.9M (revenue +8.5% year-over-year).
- 2014: Revenue of $530K, expenses of $3.0M, and assets of $13.0M (revenue -59.1% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.1M, and assets of $13.9M (revenue +219.4% year-over-year).
- 2012: Revenue of $406K, expenses of $1.1M, and assets of $11.3M (revenue +8.9% year-over-year).
- 2011: Revenue of $373K, expenses of $1.3M, and assets of $10.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milford Health & Medical Inc:
Data Sources and Methodology
This transparency report for Milford Health & Medical 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.