Newport Health Care Corporation
Newport Health Care Corporation: Declining Revenue and Asset Base Raise Concerns
EIN: 222535537 · Newport, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Program Spending | 70% |
| Net Assets | $4K |
| Transparency Score | 45/100 |
Is Newport Health Care Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newport Health Care Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Newport Health Care Corporation
Newport Health Care Corporation (EIN: 222535537) is a nonprofit organization based in Newport, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newport Health Care Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newport Health Care Corporation is a micro nonprofit that has been operating for 41 years, with 6 years of IRS 990 filings on record (2011–2016).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -100.0% | -100.0% | -78.3% |
| 2013 | -19.4% | -34.4% | +648.0% |
| 2012 | -7.3% | -6.3% | -20.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Newport Health Care Corporation 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: 70%
- fundraising: 15%
According to IRS 990 filings, Newport Health Care Corporation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 14.8%.
Executive Compensation Analysis
Without specific executive compensation figures in the provided data, a comprehensive assessment is not possible; however, given the organization's declining financial health, any significant compensation would be a red flag.
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 Newport Health Care Corporation's IRS 990 filings:
- Zero reported revenue and expenses for three consecutive years (2014-2016) suggests potential dormancy, reporting errors, or a significant operational change.
- A drastic reduction in assets from $20,599 in 2013 to $4,468 in 2014 indicates a substantial loss of financial resources.
- The organization's revenue has consistently decreased from $122,803 in 2011 to $0 in 2014-2016, signaling a severe decline in operations or funding.
Strengths
The following positive indicators were identified for Newport Health Care Corporation:
- The organization has maintained a consistent legal structure and location over the reported years.
Frequently Asked Questions about Newport Health Care Corporation
Is Newport Health Care Corporation a legitimate charity?
Newport Health Care Corporation (EIN: 222535537) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 45/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Newport Health Care Corporation spend its money?
Newport Health Care Corporation directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Newport Health Care Corporation tax-deductible?
Newport Health Care Corporation is registered as a tax-exempt nonprofit (EIN: 222535537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newport Health Care Corporation's spending goes to programs?
Newport Health Care Corporation directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Newport Health Care Corporation located?
Newport Health Care Corporation is headquartered in Newport, Rhode Island and files with the IRS under EIN 222535537.
How many years of IRS 990 filings does Newport Health Care Corporation have?
Newport Health Care Corporation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Newport Health Care Corporation do?
Newport Health Care Corporation is a nonprofit organization in the Unknown sector, located in Newport, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Newport Health Care Corporation have?
Newport Health Care Corporation reported total revenue of N/A. Based on 6 IRS 990 filings on record.
What are Newport Health Care Corporation's total assets?
Newport Health Care Corporation holds total assets of N/A as reported in IRS 990 filings.
Where is Newport Health Care Corporation located?
Newport Health Care Corporation is based in Newport, Rhode Island.
What is Newport Health Care Corporation's EIN?
Newport Health Care Corporation's Employer Identification Number (EIN) is 222535537. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newport Health Care Corporation?
Newport Health Care Corporation is classified under NTEE code Unknown (Unknown).
Is Newport Health Care Corporation a registered 501(c)(3)?
Newport Health Care Corporation appears in IRS records (EIN: 222535537). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Newport Health Care Corporation file IRS Form 990?
Yes, Newport Health Care Corporation has 6 IRS Form 990 filings on record. The most recent covers tax period 201609.
What was Newport Health Care Corporation's revenue in 2016?
In the 201609 filing period, Newport Health Care Corporation reported total revenue of N/A, total expenses of N/A, and net assets of $4,468.
Is Newport Health Care Corporation's revenue growing or declining?
Newport Health Care Corporation's revenue is relatively stable. Revenue went from N/A (201509) to N/A (201609), a 0.0% change. Based on 6 filings on record.
What is Newport Health Care Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Newport Health Care Corporation covers tax period 201609. It shows revenue of N/A, expenses of N/A, total assets of $4,468, and liabilities of $662.
How much does Newport Health Care Corporation spend on programs vs administration?
Based on IRS 990 analysis, Newport Health Care Corporation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Newport Health Care Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Newport Health Care Corporation shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for Newport Health Care Corporation?
The following concerns were identified: Zero reported revenue and expenses for three consecutive years (2014-2016) suggests potential dormancy, reporting errors, or a significant operational change.. A drastic reduction in assets from $20,599 in 2013 to $4,468 in 2014 indicates a substantial loss of financial resources.. The organization's revenue has consistently decreased from $122,803 in 2011 to $0 in 2014-2016, signaling a severe decline in operations or funding.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Newport Health Care Corporation's strengths?
Positive indicators for Newport Health Care Corporation include: The organization has maintained a consistent legal structure and location over the reported years.. These findings are derived from AI analysis of the organization's financial filings.
How does Newport Health Care Corporation compensate executives?
Without specific executive compensation figures in the provided data, a comprehensive assessment is not possible; however, given the organization's declining financial health, any significant compensation would be a red flag. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the sudden and complete cessation of reported revenue and expenses from 2014 onwards, and what is the current operational status of Newport Health Care Corporation?
The provided data shows a stark transition from active financial reporting (revenue and expenses) in 2011-2013 to zero reported activity from 2014-2016. This abrupt change warrants an inquiry into whether the organization ceased operations, underwent a restructuring, or if there are significant reporting discrepancies in the filings.
Given the significant decline in assets and revenue, how does Newport Health Care Corporation plan to sustain its mission or what is its current strategic direction?
With assets dropping from $20,599 in 2013 to $4,468 in 2014-2016 and revenue falling to zero, the organization's financial viability is severely compromised. Understanding its current strategic plan, if any, for fundraising, program delivery, or potential dissolution is crucial for assessing its future impact.
Filing History
IRS 990 filing history for Newport Health Care Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Newport Health Care Corporation's revenue has declined by 100%, moving from $123K to $0. Total assets increased by 29.5% over the same period, from $3K to $4K. Total functional expenses fell by 100%, from $130K to $0. The organization holds $662 in liabilities against $4K in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $0 | $0 | $4K | $662 | — | — |
| 2015 | $0 | $0 | $4K | $662 | — | View 990 |
| 2014 | $0 | $0 | $4K | $662 | — | View 990 |
| 2013 | $92K | $80K | $21K | $17K | — | View 990 |
| 2012 | $114K | $122K | $3K | $10K | — | View 990 |
| 2011 | $123K | $130K | $3K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $0, expenses of $0, and assets of $4K.
- 2015: Revenue of $0, expenses of $0, and assets of $4K.
- 2014: Revenue of $0, expenses of $0, and assets of $4K (revenue -100.0% year-over-year).
- 2013: Revenue of $92K, expenses of $80K, and assets of $21K (revenue -19.4% year-over-year).
- 2012: Revenue of $114K, expenses of $122K, and assets of $3K (revenue -7.3% year-over-year).
- 2011: Revenue of $123K, expenses of $130K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newport Health Care Corporation:
Data Sources and Methodology
This transparency report for Newport Health Care Corporation 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.