Premier Healthcare Inc
Premier Healthcare Inc. faces significant and growing negative net assets due to consistent deficit spending.
EIN: 133916271 · New York, NY · NTEE: E20Z · Updated: 2026-03-28
Is Premier Healthcare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Premier Healthcare Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Premier Healthcare Inc
Premier Healthcare Inc (EIN: 133916271) is a nonprofit organization based in New York, NY, classified under NTEE code E20Z. The organization reported total revenue of $14.6M and total assets of $18.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Premier Healthcare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Premier Healthcare Inc is a large nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.7M |
| Total Expenses | $18.9M |
| Surplus / Deficit | $-2,210,620 |
| Total Assets | $20.4M |
| Total Liabilities | $33.7M |
| Net Assets | $-13,261,213 |
| Operating Margin | -13.2% |
| Debt-to-Asset Ratio | 164.9% |
| Months of Reserves | 13.0 months |
Financial Health Grade: C
In 2023, Premier Healthcare Inc reported a deficit of $2.2M with expenses exceeding revenue, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 164.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Premier Healthcare Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.8% | +9.4% | +6.4% |
| 2022 | -11.7% | +1.2% | -7.4% |
| 2021 | +23.3% | +11.2% | +395.3% |
| 2020 | -17.9% | -10.1% | -26.4% |
| 2019 | +11.6% | +5.6% | +77.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Premier Healthcare Inc with a Mission Score of 55 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Premier Healthcare Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 164.9%.
Executive Compensation Analysis
Premier Healthcare Inc. consistently reports 0% officer compensation across all available filings, suggesting either that no officers are compensated or that their compensation is covered by an affiliated entity, which is a strong indicator of transparency regarding direct executive pay.
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 Premier Healthcare Inc's IRS 990 filings:
- Consistent and growing negative net assets (e.g., 2023 liabilities of $33,683,851 vs. assets of $20,422,638).
- Frequent deficit spending where expenses exceed revenue (e.g., 2023 expenses $18,923,098, revenue $16,712,478).
- Significant increase in liabilities over the past few years (from $13,332,560 in 2020 to $33,683,851 in 2023).
Strengths
The following positive indicators were identified for Premier Healthcare Inc:
- Consistent reporting of 0% officer compensation, indicating transparency regarding direct executive pay.
- Stable revenue generation, generally between $14M and $19M annually over the past decade.
Frequently Asked Questions about Premier Healthcare Inc
Is Premier Healthcare Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Premier Healthcare Inc (EIN: 133916271) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Premier Healthcare Inc spend its money?
Premier Healthcare Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Premier Healthcare Inc tax-deductible?
Premier Healthcare Inc is registered as a tax-exempt nonprofit (EIN: 133916271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why do Premier Healthcare Inc.'s liabilities consistently exceed its assets?
The filings show a persistent trend where liabilities are significantly higher than assets, leading to negative net assets. For instance, in 2023, liabilities were $33,683,851 while assets were $20,422,638. This indicates a structural financial imbalance that could impact long-term sustainability.
How does Premier Healthcare Inc. manage its consistent deficit spending?
The organization frequently reports expenses exceeding revenue (e.g., 2023 expenses of $18,923,098 vs. revenue of $16,712,478). This deficit spending contributes to the growing liabilities and suggests reliance on accumulated reserves, debt, or external support to cover operational costs.
What is the nature of the 0% officer compensation reported?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It could mean that officers are uncompensated volunteers, or that their compensation is paid by a related entity, which would require further investigation for full transparency.
Filing History
IRS 990 filing history for Premier Healthcare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Premier Healthcare Inc's revenue has declined by 26.9%, moving from $22.9M to $16.7M. Total assets increased by 110.5% over the same period, from $9.7M to $20.4M. Total functional expenses fell by 17%, from $22.8M to $18.9M. In its most recent filing year (2023), Premier Healthcare Inc reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $33.7M in liabilities against $20.4M in assets (debt-to-asset ratio: 164.9%), resulting in net assets of $-13,261,213.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.7M | $18.9M | $20.4M | $33.7M | — | — |
| 2022 | $15.2M | $17.3M | $19.2M | $30.3M | — | View 990 |
| 2021 | $17.2M | $17.1M | $20.7M | $29.7M | — | View 990 |
| 2020 | $14.0M | $15.4M | $4.2M | $13.3M | — | View 990 |
| 2019 | $17.0M | $17.1M | $5.7M | $13.4M | — | View 990 |
| 2018 | $15.3M | $16.2M | $3.2M | $10.9M | — | View 990 |
| 2017 | $19.3M | $16.9M | $4.7M | $11.5M | — | View 990 |
| 2016 | $16.3M | $17.5M | $6.7M | $15.8M | — | View 990 |
| 2015 | $17.3M | $16.7M | $7.9M | $15.8M | — | View 990 |
| 2014 | $17.3M | $18.4M | $9.1M | $16.7M | — | View 990 |
| 2013 | $17.8M | $19.9M | $9.2M | $15.6M | — | View 990 |
| 2012 | $14.3M | $20.9M | $9.5M | $13.8M | — | View 990 |
| 2011 | $22.9M | $22.8M | $9.7M | $7.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.7M, expenses of $18.9M, and assets of $20.4M (revenue +9.8% year-over-year).
- 2022: Revenue of $15.2M, expenses of $17.3M, and assets of $19.2M (revenue -11.7% year-over-year).
- 2021: Revenue of $17.2M, expenses of $17.1M, and assets of $20.7M (revenue +23.3% year-over-year).
- 2020: Revenue of $14.0M, expenses of $15.4M, and assets of $4.2M (revenue -17.9% year-over-year).
- 2019: Revenue of $17.0M, expenses of $17.1M, and assets of $5.7M (revenue +11.6% year-over-year).
- 2018: Revenue of $15.3M, expenses of $16.2M, and assets of $3.2M (revenue -20.9% year-over-year).
- 2017: Revenue of $19.3M, expenses of $16.9M, and assets of $4.7M (revenue +18.7% year-over-year).
- 2016: Revenue of $16.3M, expenses of $17.5M, and assets of $6.7M (revenue -6.1% year-over-year).
- 2015: Revenue of $17.3M, expenses of $16.7M, and assets of $7.9M (revenue +0.2% year-over-year).
- 2014: Revenue of $17.3M, expenses of $18.4M, and assets of $9.1M (revenue -2.7% year-over-year).
- 2013: Revenue of $17.8M, expenses of $19.9M, and assets of $9.2M (revenue +24.0% year-over-year).
- 2012: Revenue of $14.3M, expenses of $20.9M, and assets of $9.5M (revenue -37.4% year-over-year).
- 2011: Revenue of $22.9M, expenses of $22.8M, and assets of $9.7M.
Data Sources and Methodology
This transparency report for Premier Healthcare 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.