Penn Yan Manor Nursing Home Inc
Penn Yan Manor Nursing Home Inc. consistently operates with expenses often exceeding revenues, maintaining stable assets and no reported officer compensation.
EIN: 160967993 · Penn Yan, NY · NTEE: E90Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $4.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4.4M |
| Net Assets | $3.1M |
| Transparency Score | 85/100 |
Is Penn Yan Manor Nursing Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penn Yan Manor Nursing Home Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penn Yan Manor Nursing Home Inc
Penn Yan Manor Nursing Home Inc (EIN: 160967993) is a nonprofit organization based in Penn Yan, NY, classified under NTEE code E90Z. The organization reported total revenue of $5.5M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penn Yan Manor Nursing Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penn Yan Manor Nursing Home Inc is a mid-size nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.6M |
| Surplus / Deficit | $-194,189 |
| Total Assets | $3.6M |
| Total Liabilities | $437K |
| Net Assets | $3.1M |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 12.3% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, Penn Yan Manor Nursing Home Inc reported a deficit of $194K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Penn Yan Manor Nursing Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.4% | +10.6% | +0.1% |
| 2022 | -10.6% | -0.5% | -23.4% |
| 2021 | -4.3% | -4.8% | -1.5% |
| 2020 | +6.0% | +12.9% | +2.1% |
| 2019 | -5.6% | +4.1% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 Penn Yan Manor Nursing Home 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Penn Yan Manor Nursing Home Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $194K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization, which is highly unusual for an organization of this size ($4.4M+ in annual expenses) and suggests a volunteer-led or externally compensated leadership structure.
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 Penn Yan Manor Nursing Home Inc's IRS 990 filings:
- Consistent operational deficits (e.g., 202312: $4.4M revenue vs. $4.6M expenses)
- Significant decline in assets from peak ($4.7M in 202012 to $3.5M in 202312)
- No reported officer compensation for an organization with over $4M in annual expenses, which could indicate an unusual governance or compensation structure.
Strengths
The following positive indicators were identified for Penn Yan Manor Nursing Home Inc:
- Strong financial solvency with low liabilities relative to assets (e.g., 202312: $436,832 liabilities vs. $3,563,293 assets)
- Consistent filing history demonstrating transparency over many years (13 filings)
- Implied high program spending due to no reported officer compensation, suggesting resources are directed towards mission.
Frequently Asked Questions about Penn Yan Manor Nursing Home Inc
Is Penn Yan Manor Nursing Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Penn Yan Manor Nursing Home Inc (EIN: 160967993) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Penn Yan Manor Nursing Home Inc spend its money?
Penn Yan Manor Nursing Home Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Penn Yan Manor Nursing Home Inc tax-deductible?
Penn Yan Manor Nursing Home Inc is registered as a tax-exempt nonprofit (EIN: 160967993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Penn Yan Manor Nursing Home Inc CEO make?
Penn Yan Manor Nursing Home Inc's highest-compensated officer earns $4.4M annually. The organization reported $5.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Penn Yan Manor Nursing Home Inc's spending goes to programs?
Penn Yan Manor Nursing Home Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Penn Yan Manor Nursing Home Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Penn Yan Manor Nursing Home Inc is above average for NTEE category E90Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penn Yan Manor Nursing Home Inc located?
Penn Yan Manor Nursing Home Inc is headquartered in Penn Yan, New York and files with the IRS under EIN 160967993. It is classified under NTEE code E90Z.
How many years of IRS 990 filings does Penn Yan Manor Nursing Home Inc have?
Penn Yan Manor Nursing Home 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 $5.5M in total revenue.
Is Penn Yan Manor Nursing Home Inc. financially stable given its recurring operational deficits?
While the organization frequently reports expenses exceeding revenues, its low liabilities relative to assets ($436,832 liabilities vs. $3,563,293 assets in 202312) suggest it maintains a healthy balance sheet, likely drawing on reserves to cover shortfalls. This indicates solvency, but sustained deficits could impact long-term sustainability without additional funding.
How does Penn Yan Manor Nursing Home Inc. manage without paid officers?
The consistent reporting of 0% officer compensation implies that leadership roles are either filled by volunteers, or compensation is provided by an affiliated entity not directly reported on the 990, which is a significant operational model for an organization of this scale.
What is the trend in the organization's asset base?
Assets have shown some fluctuation, peaking at $4,718,995 in 202012 and decreasing to $3,563,293 in 202312. While there's been a decline from its peak, the current asset level remains substantial relative to its annual expenses, providing a buffer for operations.
Filing History
IRS 990 filing history for Penn Yan Manor Nursing Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Penn Yan Manor Nursing Home Inc's revenue has grown by 27.2%, moving from $3.5M to $4.4M. Total assets decreased by 1.7% over the same period, from $3.6M to $3.6M. Total functional expenses rose by 46.7%, from $3.2M to $4.6M. In its most recent filing year (2023), Penn Yan Manor Nursing Home Inc reported a deficit of $194K, with expenses exceeding revenue. The organization holds $437K in liabilities against $3.6M in assets (debt-to-asset ratio: 12.3%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.6M | $3.6M | $437K | — | — |
| 2022 | $3.5M | $4.2M | $3.6M | $383K | — | View 990 |
| 2021 | $4.0M | $4.2M | $4.6M | $287K | — | View 990 |
| 2020 | $4.1M | $4.4M | $4.7M | $475K | — | — |
| 2019 | $3.9M | $3.9M | $4.6M | $378K | — | View 990 |
| 2018 | $4.1M | $3.8M | $4.2M | $328K | — | View 990 |
| 2017 | $3.8M | $3.6M | $4.2M | $467K | — | View 990 |
| 2016 | $3.3M | $3.5M | $3.5M | $242K | — | View 990 |
| 2015 | $3.1M | $3.4M | $3.5M | $246K | — | View 990 |
| 2014 | $3.5M | $3.3M | $3.8M | $219K | — | View 990 |
| 2013 | $3.3M | $3.2M | $3.8M | $211K | — | View 990 |
| 2012 | $3.1M | $3.2M | $3.5M | $270K | — | View 990 |
| 2011 | $3.5M | $3.2M | $3.6M | $448K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.6M, and assets of $3.6M (revenue +25.4% year-over-year).
- 2022: Revenue of $3.5M, expenses of $4.2M, and assets of $3.6M (revenue -10.6% year-over-year).
- 2021: Revenue of $4.0M, expenses of $4.2M, and assets of $4.6M (revenue -4.3% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.4M, and assets of $4.7M (revenue +6.0% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.9M, and assets of $4.6M (revenue -5.6% year-over-year).
- 2018: Revenue of $4.1M, expenses of $3.8M, and assets of $4.2M (revenue +9.3% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.6M, and assets of $4.2M (revenue +14.1% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.5M, and assets of $3.5M (revenue +5.8% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.4M, and assets of $3.5M (revenue -10.6% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.3M, and assets of $3.8M (revenue +5.2% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.2M, and assets of $3.8M (revenue +5.9% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.2M, and assets of $3.5M (revenue -10.0% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.2M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penn Yan Manor Nursing Home Inc:
Data Sources and Methodology
This transparency report for Penn Yan Manor Nursing Home 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.