Morningstar Senior Living Inc
Morningstar Senior Living: Strong Asset Growth, High Liabilities
EIN: 222717623 · Nazareth, PA · NTEE: P750 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $42.4M |
| Total Expenses | $34.8M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-6,343,885 |
| Transparency Score | 75/100 |
Is Morningstar Senior Living Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morningstar Senior Living Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morningstar Senior Living Inc
Morningstar Senior Living Inc (EIN: 222717623) is a nonprofit organization based in Nazareth, PA, classified under NTEE code P750. The organization reported total revenue of $42.4M and total assets of $141.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morningstar Senior Living Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morningstar Senior Living Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30.6M |
| Total Expenses | $34.8M |
| Surplus / Deficit | $-4,233,221 |
| Total Assets | $124.5M |
| Total Liabilities | $130.8M |
| Net Assets | $-6,343,885 |
| Operating Margin | -13.9% |
| Debt-to-Asset Ratio | 105.1% |
| Months of Reserves | 42.9 months |
Financial Health Grade: C
In 2023, Morningstar Senior Living Inc reported a deficit of $4.2M with expenses exceeding revenue, holds 42.9 months of operating reserves (strong position), has a debt-to-asset ratio of 105.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morningstar Senior Living Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | +8.2% | +11.2% |
| 2022 | +2.6% | +12.7% | +2.7% |
| 2021 | +12.5% | +6.8% | +0.8% |
| 2020 | +8.6% | +10.4% | +41.3% |
| 2019 | +4.3% | +6.1% | +9.7% |
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 Morningstar Senior Living Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Morningstar Senior Living Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $4.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 105.1%.
Executive Compensation Analysis
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which suggests either a fully volunteer leadership or that compensation is reported under a different category, warranting further investigation.
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 Morningstar Senior Living Inc's IRS 990 filings:
- The reported 0% compensation for all key personnel across multiple years is highly unusual and may indicate incomplete or miscategorized reporting.
- Total liabilities of $130,816,004 in 2023 are very high relative to total assets of $141,090,811, indicating a significant debt burden.
- The organization consistently reports expenses exceeding revenue in several years (e.g., 2023: revenue $30,560,952 vs. expenses $34,794,173), which could impact long-term financial stability.
Strengths
The following positive indicators were identified for Morningstar Senior Living Inc:
- Morningstar Senior Living Inc. has demonstrated consistent growth in total assets, from $57,904,691 in 2016 to $141,090,811 in 2023.
- The organization has shown steady revenue growth over the past eight years, indicating a stable operational base.
- The organization's mission to provide senior living services addresses a critical community need.
Frequently Asked Questions about Morningstar Senior Living Inc
Is Morningstar Senior Living Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Morningstar Senior Living Inc (EIN: 222717623) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Morningstar Senior Living Inc spend its money?
Morningstar Senior Living Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morningstar Senior Living Inc tax-deductible?
Morningstar Senior Living Inc is registered as a tax-exempt nonprofit (EIN: 222717623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Morningstar Senior Living Inc CEO make?
Morningstar Senior Living Inc's highest-compensated officer earns $0 annually. The organization reported $42.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Morningstar Senior Living Inc's spending goes to programs?
Morningstar Senior Living Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morningstar Senior Living Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Morningstar Senior Living Inc is above average for NTEE category P750 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morningstar Senior Living Inc located?
Morningstar Senior Living Inc is headquartered in Nazareth, Pennsylvania and files with the IRS under EIN 222717623. It is classified under NTEE code P750.
How many years of IRS 990 filings does Morningstar Senior Living Inc have?
Morningstar Senior Living 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 $42.4M in total revenue.
What does Morningstar Senior Living Inc do?
Morningstar Senior Living Inc is a nonprofit organization in the Human Services sector, located in Nazareth, Pennsylvania. It is classified under NTEE code P750.
How much revenue does Morningstar Senior Living Inc have?
Morningstar Senior Living Inc reported total revenue of $42,422,132. Based on 13 IRS 990 filings on record.
What are Morningstar Senior Living Inc's total assets?
Morningstar Senior Living Inc holds total assets of $141,090,811 as reported in IRS 990 filings.
Where is Morningstar Senior Living Inc located?
Morningstar Senior Living Inc is based in Nazareth, Pennsylvania.
What is Morningstar Senior Living Inc's EIN?
Morningstar Senior Living Inc's Employer Identification Number (EIN) is 222717623. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Morningstar Senior Living Inc?
Morningstar Senior Living Inc is classified under NTEE code P750 (Human Services).
Is Morningstar Senior Living Inc a registered 501(c)(3)?
Yes, Morningstar Senior Living Inc is recognized as a tax-exempt organization by the IRS. EIN: 222717623.
Does Morningstar Senior Living Inc file IRS Form 990?
Yes, Morningstar Senior Living Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Morningstar Senior Living Inc's revenue in 2023?
In the 202306 filing period, Morningstar Senior Living Inc reported total revenue of $30,560,952, total expenses of $34,794,173, and net assets of $124,472,119.
Is Morningstar Senior Living Inc's revenue growing or declining?
Morningstar Senior Living Inc's revenue is growing. Revenue went from $28,932,979 (202206) to $30,560,952 (202306), a +5.6% change. Based on 13 filings on record.
What is Morningstar Senior Living Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Morningstar Senior Living Inc covers tax period 202306. It shows revenue of $30,560,952, expenses of $34,794,173, total assets of $124,472,119, and liabilities of $130,816,004.
How much does Morningstar Senior Living Inc spend on programs vs administration?
Based on IRS 990 analysis, Morningstar Senior Living Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Morningstar Senior Living Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Morningstar Senior Living Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Morningstar Senior Living Inc?
The following concerns were identified: The reported 0% compensation for all key personnel across multiple years is highly unusual and may indicate incomplete or miscategorized reporting.. Total liabilities of $130,816,004 in 2023 are very high relative to total assets of $141,090,811, indicating a significant debt burden.. The organization consistently reports expenses exceeding revenue in several years (e.g., 2023: revenue $30,560,952 vs. expenses $34,794,173), which could impact long-term financial stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Morningstar Senior Living Inc's strengths?
Positive indicators for Morningstar Senior Living Inc include: Morningstar Senior Living Inc. has demonstrated consistent growth in total assets, from $57,904,691 in 2016 to $141,090,811 in 2023.. The organization has shown steady revenue growth over the past eight years, indicating a stable operational base.. The organization's mission to provide senior living services addresses a critical community need.. These findings are derived from AI analysis of the organization's financial filings.
How does Morningstar Senior Living Inc compensate executives?
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which suggests either a fully volunteer leadership or that compensation is reported under a different category, warranting further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 compensation for key personnel, how does Morningstar Senior Living Inc. attract and retain experienced leadership, and where is executive compensation, if any, truly accounted for in their financial statements?
The consistent $0 compensation for key personnel is a significant anomaly. It's possible that leadership roles are entirely volunteer, or that compensation is funneled through related entities or reported under 'other expenses' rather than directly as executive compensation, which would obscure transparency.
With liabilities consistently representing a very high percentage of total assets (e.g., 92.7% in 2023), what is the long-term strategy for managing this debt, and what are the implications for the organization's financial resilience?
The high liability-to-asset ratio suggests a significant reliance on debt financing. This could be due to expansion projects (e.g., new facilities), but it also poses a risk to financial resilience, especially if revenue growth slows or interest rates rise. Understanding the nature of these liabilities (e.g., mortgages, bonds) is crucial.
Filing History
IRS 990 filing history for Morningstar Senior Living Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morningstar Senior Living Inc's revenue has grown by 63.9%, moving from $18.6M to $30.6M. Total assets increased by 150.5% over the same period, from $49.7M to $124.5M. Total functional expenses rose by 93.7%, from $18.0M to $34.8M. In its most recent filing year (2023), Morningstar Senior Living Inc reported a deficit of $4.2M, with expenses exceeding revenue. The organization holds $130.8M in liabilities against $124.5M in assets (debt-to-asset ratio: 105.1%), resulting in net assets of $-6,343,885.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30.6M | $34.8M | $124.5M | $130.8M | — | — |
| 2022 | $28.9M | $32.2M | $111.9M | $114.2M | — | View 990 |
| 2021 | $28.2M | $28.5M | $109.0M | $105.6M | — | View 990 |
| 2020 | $25.1M | $26.7M | $108.1M | $105.8M | — | View 990 |
| 2019 | $23.1M | $24.2M | $76.5M | $72.7M | — | View 990 |
| 2018 | $22.1M | $22.8M | $69.7M | $62.6M | — | View 990 |
| 2017 | $22.0M | $24.1M | $57.2M | $49.2M | — | — |
| 2016 | $20.2M | $20.9M | $57.9M | $48.0M | — | View 990 |
| 2015 | $20.9M | $20.9M | $60.4M | $49.6M | — | View 990 |
| 2014 | $20.9M | $20.8M | $60.4M | $48.5M | — | View 990 |
| 2013 | $20.4M | $21.0M | $57.8M | $46.9M | — | View 990 |
| 2012 | $19.4M | $19.2M | $49.4M | $37.9M | — | View 990 |
| 2011 | $18.6M | $18.0M | $49.7M | $37.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.6M, expenses of $34.8M, and assets of $124.5M (revenue +5.6% year-over-year).
- 2022: Revenue of $28.9M, expenses of $32.2M, and assets of $111.9M (revenue +2.6% year-over-year).
- 2021: Revenue of $28.2M, expenses of $28.5M, and assets of $109.0M (revenue +12.5% year-over-year).
- 2020: Revenue of $25.1M, expenses of $26.7M, and assets of $108.1M (revenue +8.6% year-over-year).
- 2019: Revenue of $23.1M, expenses of $24.2M, and assets of $76.5M (revenue +4.3% year-over-year).
- 2018: Revenue of $22.1M, expenses of $22.8M, and assets of $69.7M (revenue +0.5% year-over-year).
- 2017: Revenue of $22.0M, expenses of $24.1M, and assets of $57.2M (revenue +8.8% year-over-year).
- 2016: Revenue of $20.2M, expenses of $20.9M, and assets of $57.9M (revenue -3.2% year-over-year).
- 2015: Revenue of $20.9M, expenses of $20.9M, and assets of $60.4M (revenue +-0.0% year-over-year).
- 2014: Revenue of $20.9M, expenses of $20.8M, and assets of $60.4M (revenue +2.5% year-over-year).
- 2013: Revenue of $20.4M, expenses of $21.0M, and assets of $57.8M (revenue +5.2% year-over-year).
- 2012: Revenue of $19.4M, expenses of $19.2M, and assets of $49.4M (revenue +4.0% year-over-year).
- 2011: Revenue of $18.6M, expenses of $18.0M, and assets of $49.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morningstar Senior Living Inc:
Data Sources and Methodology
This transparency report for Morningstar Senior Living 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.