Oswego Health Inc
Oswego Health Inc. shows significant revenue growth and consistent positive net income with no reported officer compensation.
EIN: 161555936 · Oswego, NY · NTEE: E20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $4.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $3.0M |
| Transparency Score | 85/100 |
Is Oswego Health Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oswego Health Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oswego Health Inc
Oswego Health Inc (EIN: 161555936) is a nonprofit organization based in Oswego, NY, classified under NTEE code E20. The organization reported total revenue of $7.3M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oswego Health Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oswego Health Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 51.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $4.7M |
| Surplus / Deficit | +$212K |
| Total Assets | $3.9M |
| Total Liabilities | $950K |
| Net Assets | $3.0M |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 24.1% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2023, Oswego Health Inc reported a surplus of $212K with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 24.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Oswego Health Inc's revenue has grown at a compound annual growth rate (CAGR) of 51.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | +4.1% | -5.5% |
| 2022 | +105.2% | +141.0% | +5.4% |
| 2021 | +5280.3% | +11031.9% | +82.8% |
| 2020 | -14.3% | -77.8% | +2.7% |
| 2019 | -46.5% | +433.8% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Oswego Health Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Oswego Health Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $212K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with revenues reaching nearly $5 million. This suggests either a fully volunteer executive leadership or that compensation is categorized differently and not explicitly disclosed as 'Officer Comp' in the provided data.
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 Oswego Health Inc's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization with significant revenue, potentially indicating incomplete disclosure or unique operational structure.
Strengths
The following positive indicators were identified for Oswego Health Inc:
- Significant revenue growth in recent years, from $42,671 in 2020 to $4,933,992 in 2023.
- Consistent positive net income, with revenues generally exceeding expenses.
- Healthy asset growth, increasing from $1.7 million in 2014 to $3.9 million in 2023.
- Strong financial stability with assets significantly outweighing liabilities (e.g., $3,947,777 assets vs. $950,114 liabilities in 2023).
Frequently Asked Questions about Oswego Health Inc
Is Oswego Health Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Oswego Health Inc (EIN: 161555936) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Oswego Health Inc spend its money?
Oswego Health Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oswego Health Inc tax-deductible?
Oswego Health Inc is registered as a tax-exempt nonprofit (EIN: 161555936). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Oswego Health Inc CEO make?
Oswego Health Inc's highest-compensated officer earns $5 annually. The organization reported $7.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Oswego Health Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Oswego Health Inc is above average for NTEE category E20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Oswego Health Inc located?
Oswego Health Inc is headquartered in Oswego, New York and files with the IRS under EIN 161555936. It is classified under NTEE code E20.
How many years of IRS 990 filings does Oswego Health Inc have?
Oswego Health 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 $7.3M in total revenue.
How does Oswego Health Inc. manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size and revenue. It suggests either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which would require further investigation of the full 990 forms for clarity.
What caused the significant revenue increase from $42,671 in 2020 to $4,933,992 in 2023?
The provided data does not specify the exact reasons for this dramatic increase. It could be due to new grants, expanded services, successful fundraising campaigns, or changes in reporting structure. A review of the full 990 forms for these periods would likely provide more context.
Is Oswego Health Inc. financially stable?
Yes, Oswego Health Inc. appears financially stable. It has consistently reported positive net income (revenue exceeding expenses) in most recent years, leading to a steady growth in assets from $1.7 million in 2014 to nearly $4 million in 2023, and maintains a healthy asset-to-liability ratio.
Filing History
IRS 990 filing history for Oswego Health Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Oswego Health Inc's revenue has grown by 13964.2%, moving from $35K to $4.9M. Total assets increased by 78.9% over the same period, from $2.2M to $3.9M. Total functional expenses rose by 24821%, from $19K to $4.7M. In its most recent filing year (2023), Oswego Health Inc reported a surplus of $212K, with revenue exceeding expenses. The organization holds $950K in liabilities against $3.9M in assets (debt-to-asset ratio: 24.1%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $4.7M | $3.9M | $950K | — | — |
| 2022 | $4.7M | $4.5M | $4.2M | $984K | — | View 990 |
| 2021 | $2.3M | $1.9M | $4.0M | $816K | — | View 990 |
| 2020 | $43K | $17K | $2.2M | $301K | — | View 990 |
| 2019 | $50K | $76K | $2.1M | $301K | — | View 990 |
| 2018 | $93K | $14K | $2.1M | $294K | — | View 990 |
| 2017 | $19K | $20K | $2.0M | $303K | — | View 990 |
| 2016 | $25K | $41K | $2.0M | $295K | — | View 990 |
| 2015 | $84K | $43K | $1.9M | $272K | — | View 990 |
| 2014 | $34K | $27K | $1.7M | $3K | — | View 990 |
| 2013 | $42K | $25K | $1.9M | $6K | — | View 990 |
| 2012 | $26K | $19K | $1.8M | $3K | — | View 990 |
| 2011 | $35K | $19K | $2.2M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $4.7M, and assets of $3.9M (revenue +4.7% year-over-year).
- 2022: Revenue of $4.7M, expenses of $4.5M, and assets of $4.2M (revenue +105.2% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.9M, and assets of $4.0M (revenue +5280.3% year-over-year).
- 2020: Revenue of $43K, expenses of $17K, and assets of $2.2M (revenue -14.3% year-over-year).
- 2019: Revenue of $50K, expenses of $76K, and assets of $2.1M (revenue -46.5% year-over-year).
- 2018: Revenue of $93K, expenses of $14K, and assets of $2.1M (revenue +384.9% year-over-year).
- 2017: Revenue of $19K, expenses of $20K, and assets of $2.0M (revenue -23.5% year-over-year).
- 2016: Revenue of $25K, expenses of $41K, and assets of $2.0M (revenue -70.3% year-over-year).
- 2015: Revenue of $84K, expenses of $43K, and assets of $1.9M (revenue +151.8% year-over-year).
- 2014: Revenue of $34K, expenses of $27K, and assets of $1.7M (revenue -20.7% year-over-year).
- 2013: Revenue of $42K, expenses of $25K, and assets of $1.9M (revenue +61.7% year-over-year).
- 2012: Revenue of $26K, expenses of $19K, and assets of $1.8M (revenue -25.4% year-over-year).
- 2011: Revenue of $35K, expenses of $19K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oswego Health Inc:
Data Sources and Methodology
This transparency report for Oswego Health 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.