Sage Eldercare Inc

Is Sage Eldercare Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Sage Eldercare Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Sage Eldercare Inc

Sage Eldercare Inc (EIN: 221657929) is a nonprofit organization based in Summit, NJ, classified under NTEE code B82Z. The organization reported total revenue of $3.2M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sage Eldercare 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 Sage Eldercare Inc with a Mission Score of 75 out of 100 (Good). 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: 85%
• fundraising: 5%

According to IRS 990 filings, Sage Eldercare Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The filings consistently report $0 in compensation for all officers, directors, trustees, key employees, and highest compensated employees, which is highly unusual for an organization of this size and suggests potential underreporting or alternative compensation structures not disclosed in this sect

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 Sage Eldercare Inc's IRS 990 filings:

• Consistent reporting of $0 executive compensation across multiple years (2016-2023) raises a significant red flag regarding the accuracy and completeness of compensation disclosures.
• A notable decline in total assets from $7,119,927 in 2016 to $5,662,213 in 2023, indicating a potential long-term financial trend that warrants further scrutiny.
• The organization consistently reports a deficit (expenses exceeding revenue) in most years, such as $3,177,864 in expenses vs. $2,990,737 in revenue in 2023, which could impact long-term sustainability.

Strengths

The following positive indicators were identified for Sage Eldercare Inc:

• Consistent revenue generation, with annual revenues generally stable around $3 million over the past several years.
• Low liabilities relative to assets, indicating a healthy balance sheet in terms of debt.
• The organization consistently reports 0% lobbying expenses, suggesting a focus on direct service delivery rather than political influence.

Frequently Asked Questions about Sage Eldercare Inc

Filing History

IRS 990 filing history for Sage Eldercare Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Sage Eldercare Inc's revenue has declined by 13.8%, moving from $3.5M to $3.0M. Total assets decreased by 24.2% over the same period, from $7.7M to $5.8M. Total functional expenses fell by 10.8%, from $3.6M to $3.2M. In its most recent filing year (2023), Sage Eldercare Inc reported a deficit of $187K, with expenses exceeding revenue. The organization holds $221K in liabilities against $5.8M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $5.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.0M, expenses of $3.2M, and assets of $5.8M (revenue -8.1% year-over-year).
• 2022: Revenue of $3.3M, expenses of $3.1M, and assets of $6.0M (revenue +4.0% year-over-year).
• 2021: Revenue of $3.1M, expenses of $3.2M, and assets of $6.6M (revenue +5.9% year-over-year).
• 2020: Revenue of $3.0M, expenses of $3.4M, and assets of $6.8M (revenue -17.4% year-over-year).
• 2019: Revenue of $3.6M, expenses of $3.6M, and assets of $6.7M (revenue +5.2% year-over-year).
• 2018: Revenue of $3.4M, expenses of $3.5M, and assets of $6.6M (revenue -0.6% year-over-year).
• 2017: Revenue of $3.4M, expenses of $3.6M, and assets of $6.7M (revenue +1.0% year-over-year).
• 2016: Revenue of $3.4M, expenses of $3.6M, and assets of $7.1M (revenue -8.2% year-over-year).
• 2015: Revenue of $3.7M, expenses of $3.7M, and assets of $7.3M (revenue -4.3% year-over-year).
• 2014: Revenue of $3.9M, expenses of $4.0M, and assets of $7.3M (revenue +3.3% year-over-year).
• 2013: Revenue of $3.7M, expenses of $4.1M, and assets of $7.4M (revenue +1.0% year-over-year).
• 2012: Revenue of $3.7M, expenses of $3.9M, and assets of $7.6M (revenue +6.7% year-over-year).
• 2011: Revenue of $3.5M, expenses of $3.6M, and assets of $7.7M.

Data Sources and Methodology

This transparency report for Sage Eldercare 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.