Nazareth Physician Services Inc
Nazareth Physician Services Inc. consistently operates at a significant deficit, with liabilities growing substantially over the past decade.
EIN: 203261266 · Newtown Sq, PA · NTEE: E30 · Updated: 2026-03-28
About Nazareth Physician Services Inc
Nazareth Physician Services Inc (EIN: 203261266) is a nonprofit organization based in Newtown Sq, PA, classified under NTEE code E30. The organization reported total revenue of $13.1M and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nazareth Physician Services 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 Nazareth Physician Services 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nazareth Physician Services Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
No officer compensation has been reported in any of the available IRS 990 filings, which could indicate a volunteer leadership or compensation being categorized differently, making it difficult to assess executive pay relative to the organization's size and financial performance.
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 Nazareth Physician Services Inc's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $13.6M in 202306)
- Rapidly increasing liabilities (from $16.7M in 201406 to $89.9M in 202306)
- Liabilities significantly outweigh assets ($89.9M liabilities vs. $6.3M assets in 202306)
- Lack of reported officer compensation across all filings
Strengths
The following positive indicators were identified for Nazareth Physician Services Inc:
- Consistent provision of services as indicated by sustained revenue and expense levels over a decade
Frequently Asked Questions about Nazareth Physician Services Inc
How does Nazareth Physician Services Inc. cover its consistent operating deficits?
The consistent and significant operating deficits, such as the $13,625,116 deficit in 202306, suggest that the organization relies heavily on external funding beyond its reported revenue, potentially from a parent organization or other subsidies, which is not explicitly detailed in the provided summary data.
What is the nature of the rapidly increasing liabilities?
Liabilities have surged from $16,706,010 in 201406 to $89,992,566 in 202306. Understanding the composition of these liabilities (e.g., debt, accounts payable) is crucial for assessing the organization's financial risk and long-term viability.
Why is no officer compensation reported across all filings?
The consistent reporting of 0% for Officer Comp across all 14 filings is unusual for an organization with revenues in the tens of millions. This could imply that officers are volunteers, compensated by a related entity, or their compensation is embedded within other expense categories, which reduces transparency.
Is Nazareth Physician Services Inc. financially sustainable given its persistent deficits?
The organization has consistently spent more than it earns for over a decade. For example, in 202306, expenses were $39,884,361 against revenues of $26,259,245. This pattern raises serious concerns about its long-term financial sustainability without significant changes in revenue generation or expense management, or consistent external support.
Filing History
IRS 990 filing history for Nazareth Physician Services Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Nazareth Physician Services Inc's revenue has grown by 459%, moving from $4.7M to $26.3M. Total assets increased by 2514.3% over the same period, from $243K to $6.4M. Total functional expenses rose by 749.1%, from $4.7M to $39.9M. In its most recent filing year (2023), Nazareth Physician Services Inc reported a deficit of $13.6M, with expenses exceeding revenue. The organization holds $90.0M in liabilities against $6.4M in assets (debt-to-asset ratio: 1415.2%), resulting in net assets of $-83,633,518.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $26.3M | $39.9M | $6.4M | $90.0M | — | — |
| 2022 | $22.1M | $32.4M | $6.5M | $76.5M | — | View 990 |
| 2021 | $15.4M | $24.7M | $6.0M | $66.0M | — | — |
| 2020 | $12.8M | $19.6M | $5.5M | $56.1M | — | — |
| 2019 | $14.2M | $20.3M | $940K | $44.8M | — | View 990 |
| 2018 | $14.0M | $20.5M | $1.2M | $38.9M | — | View 990 |
| 2017 | $12.3M | $18.1M | $1.0M | $32.1M | — | View 990 |
| 2016 | $9.6M | $14.5M | $928K | $26.2M | — | View 990 |
| 2015 | $7.8M | $12.4M | $1.0M | $21.2M | — | View 990 |
| 2014 | $6.3M | $11.2M | $1.1M | $16.7M | — | View 990 |
| 2013 | $2.9M | $5.3M | $1.2M | $11.9M | — | View 990 |
| 2012 | $4.4M | $7.7M | $446K | $8.8M | — | View 990 |
| 2011 | $2.4M | $5.6M | $268K | $5.3M | — | View 990 |
| 2010 | $4.7M | $4.7M | $243K | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.3M, expenses of $39.9M, and assets of $6.4M (revenue +18.6% year-over-year).
- 2022: Revenue of $22.1M, expenses of $32.4M, and assets of $6.5M (revenue +44.1% year-over-year).
- 2021: Revenue of $15.4M, expenses of $24.7M, and assets of $6.0M (revenue +19.7% year-over-year).
- 2020: Revenue of $12.8M, expenses of $19.6M, and assets of $5.5M (revenue -9.5% year-over-year).
- 2019: Revenue of $14.2M, expenses of $20.3M, and assets of $940K (revenue +1.2% year-over-year).
- 2018: Revenue of $14.0M, expenses of $20.5M, and assets of $1.2M (revenue +13.7% year-over-year).
- 2017: Revenue of $12.3M, expenses of $18.1M, and assets of $1.0M (revenue +29.0% year-over-year).
- 2016: Revenue of $9.6M, expenses of $14.5M, and assets of $928K (revenue +22.6% year-over-year).
- 2015: Revenue of $7.8M, expenses of $12.4M, and assets of $1.0M (revenue +24.2% year-over-year).
- 2014: Revenue of $6.3M, expenses of $11.2M, and assets of $1.1M (revenue +119.2% year-over-year).
- 2013: Revenue of $2.9M, expenses of $5.3M, and assets of $1.2M (revenue -34.5% year-over-year).
- 2012: Revenue of $4.4M, expenses of $7.7M, and assets of $446K (revenue +85.8% year-over-year).
- 2011: Revenue of $2.4M, expenses of $5.6M, and assets of $268K (revenue -49.9% year-over-year).
- 2010: Revenue of $4.7M, expenses of $4.7M, and assets of $243K.
Data Sources and Methodology
This transparency report for Nazareth Physician Services 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.