Monroe Plan For Medical Care Inc
Monroe Plan For Medical Care Inc sees significant revenue decline over a decade, maintaining substantial assets despite recent operating deficits.
EIN: 160973194 · Pittsford, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $40.7M |
| Total Expenses | $23.5M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $108.9M |
| Transparency Score | 78/100 |
Is Monroe Plan For Medical Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monroe Plan For Medical Care Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monroe Plan For Medical Care Inc
Monroe Plan For Medical Care Inc (EIN: 160973194) is a nonprofit organization based in Pittsford, NY. The organization reported total revenue of $40.7M and total assets of $117.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monroe Plan For Medical Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monroe Plan For Medical Care Inc is a large nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -24.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.5M |
| Total Expenses | $23.5M |
| Surplus / Deficit | $-2,960,435 |
| Total Assets | $114.9M |
| Total Liabilities | $5.9M |
| Net Assets | $108.9M |
| Operating Margin | -14.4% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 58.7 months |
Financial Health Grade: B
In 2023, Monroe Plan For Medical Care Inc reported a deficit of $3.0M with expenses exceeding revenue, holds 58.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Monroe Plan For Medical Care Inc's revenue has declined at a compound annual growth rate (CAGR) of -24.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | +6.3% | -1.9% |
| 2022 | -12.6% | -8.9% | -7.4% |
| 2021 | -1.1% | +1.5% | +0.9% |
| 2020 | -5.2% | -4.8% | +6.4% |
| 2019 | +24.2% | +11.2% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Monroe Plan For Medical Care Inc with a Mission Score of 78 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: 9%
- programs: 88%
- fundraising: 3%
According to IRS 990 filings, Monroe Plan For Medical Care Inc allocates its expenses as follows: admin: 9%, programs: 88%, fundraising: 3%. With 88% 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 $3.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with over $20 million in annual revenue and over $100 million in assets. This could indicate that executives are compensated through a related entity or that the reporting method does not capture their full compensation, requiring further scrutiny 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 Monroe Plan For Medical Care Inc's IRS 990 filings:
- Dramatic decline in revenue over the past decade (from $199M in 2014 to $20.5M in 2023) without clear explanation in provided data.
- Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual executive remuneration.
- Expenses exceeding revenue in recent periods (e.g., 2023: $23.4M expenses vs. $20.5M revenue), indicating operating deficits.
Strengths
The following positive indicators were identified for Monroe Plan For Medical Care Inc:
- Maintains a very strong asset base (over $114 million in 2023), providing significant financial stability.
- Historically strong program spending efficiency, with a high percentage of expenses directed towards mission-related activities.
- Low reported liabilities relative to assets (e.g., $5.9M liabilities vs. $114.8M assets in 2023).
Frequently Asked Questions about Monroe Plan For Medical Care Inc
Is Monroe Plan For Medical Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Monroe Plan For Medical Care Inc (EIN: 160973194) some concerns. Mission Score: 78/100. 3 red flags identified, 3 strengths noted.
How does Monroe Plan For Medical Care Inc spend its money?
Monroe Plan For Medical Care Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Monroe Plan For Medical Care Inc tax-deductible?
Monroe Plan For Medical Care Inc is registered as a tax-exempt nonprofit (EIN: 160973194). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Monroe Plan For Medical Care Inc CEO make?
Monroe Plan For Medical Care Inc's highest-compensated officer earns $20 annually. The organization reported $40.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Monroe Plan For Medical Care Inc's spending goes to programs?
Monroe Plan For Medical Care Inc directs 88% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Monroe Plan For Medical Care Inc located?
Monroe Plan For Medical Care Inc is headquartered in Pittsford, New York and files with the IRS under EIN 160973194.
How many years of IRS 990 filings does Monroe Plan For Medical Care Inc have?
Monroe Plan For Medical Care 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 $40.7M in total revenue.
Why has Monroe Plan For Medical Care Inc's revenue decreased so dramatically from $199 million in 2014 to $20.5 million in 2023?
The significant drop in revenue suggests a major change in the organization's funding model, scope of services, or a divestiture of programs. This trend warrants further investigation into the specific reasons behind this substantial contraction.
How are executive officers compensated if 'Officer Comp' is consistently reported as 0% across all filings?
The consistent reporting of 0% officer compensation for an organization of this scale is highly unusual. It's possible that compensation is paid by a related entity, through a management agreement, or is not reported in this specific line item, which requires deeper examination of the financial statements for clarity.
Is the organization's current spending sustainable given the recent trend of expenses exceeding revenue, such as in 2023 where expenses were $23.4M against $20.5M in revenue?
While the organization has substantial assets ($114.8M in 2023), consistent operating deficits, as seen in 2023, are not sustainable long-term without drawing down reserves or finding new revenue streams. This trend needs to be monitored closely.
Filing History
IRS 990 filing history for Monroe Plan For Medical Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monroe Plan For Medical Care Inc's revenue has declined by 96.6%, moving from $595.2M to $20.5M. Total assets decreased by 25.3% over the same period, from $153.9M to $114.9M. Total functional expenses fell by 96.1%, from $608.5M to $23.5M. In its most recent filing year (2023), Monroe Plan For Medical Care Inc reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $5.9M in liabilities against $114.9M in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $108.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.5M | $23.5M | $114.9M | $5.9M | — | — |
| 2022 | $21.4M | $22.1M | $117.1M | $7.4M | — | — |
| 2021 | $24.5M | $24.2M | $126.5M | $10.0M | — | View 990 |
| 2020 | $24.7M | $23.9M | $125.3M | $11.5M | — | View 990 |
| 2019 | $26.1M | $25.1M | $117.8M | $5.6M | — | — |
| 2018 | $21.0M | $22.6M | $112.5M | $6.2M | — | View 990 |
| 2017 | $31.3M | $26.2M | $120.3M | $9.9M | — | View 990 |
| 2016 | $29.6M | $33.6M | $115.0M | $7.8M | — | View 990 |
| 2015 | $136.4M | $116.9M | $129.3M | $17.4M | — | View 990 |
| 2014 | $199.3M | $170.5M | $122.2M | $27.2M | — | View 990 |
| 2013 | $184.7M | $171.3M | $94.1M | $28.9M | — | View 990 |
| 2012 | $810.8M | $848.8M | $135.4M | $81.0M | — | View 990 |
| 2011 | $595.2M | $608.5M | $153.9M | $63.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.5M, expenses of $23.5M, and assets of $114.9M (revenue -4.0% year-over-year).
- 2022: Revenue of $21.4M, expenses of $22.1M, and assets of $117.1M (revenue -12.6% year-over-year).
- 2021: Revenue of $24.5M, expenses of $24.2M, and assets of $126.5M (revenue -1.1% year-over-year).
- 2020: Revenue of $24.7M, expenses of $23.9M, and assets of $125.3M (revenue -5.2% year-over-year).
- 2019: Revenue of $26.1M, expenses of $25.1M, and assets of $117.8M (revenue +24.2% year-over-year).
- 2018: Revenue of $21.0M, expenses of $22.6M, and assets of $112.5M (revenue -32.8% year-over-year).
- 2017: Revenue of $31.3M, expenses of $26.2M, and assets of $120.3M (revenue +5.6% year-over-year).
- 2016: Revenue of $29.6M, expenses of $33.6M, and assets of $115.0M (revenue -78.3% year-over-year).
- 2015: Revenue of $136.4M, expenses of $116.9M, and assets of $129.3M (revenue -31.6% year-over-year).
- 2014: Revenue of $199.3M, expenses of $170.5M, and assets of $122.2M (revenue +7.9% year-over-year).
- 2013: Revenue of $184.7M, expenses of $171.3M, and assets of $94.1M (revenue -77.2% year-over-year).
- 2012: Revenue of $810.8M, expenses of $848.8M, and assets of $135.4M (revenue +36.2% year-over-year).
- 2011: Revenue of $595.2M, expenses of $608.5M, and assets of $153.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monroe Plan For Medical Care Inc:
Data Sources and Methodology
This transparency report for Monroe Plan For Medical Care 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.