Saint Mary's Health System Inc
Saint Mary's Health System: Consistent Revenue, Stable Assets, and Low Executive Compensation
EIN: 222528399 · Waterbury, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $302K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $30,000 |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Saint Mary's Health System Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Saint Mary's Health System Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Saint Mary's Health System Inc
Saint Mary's Health System Inc (EIN: 222528399) is a nonprofit organization based in Waterbury, CT. 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 Saint Mary's Health System Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saint Mary's Health System Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $302K |
| Surplus / Deficit | $-145,350 |
| Total Assets | $1.6M |
| Total Liabilities | $30K |
| Net Assets | $1.6M |
| Operating Margin | -92.9% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 64.2 months |
Financial Health Grade: B
In 2015, Saint Mary's Health System Inc reported a deficit of $145K with expenses exceeding revenue, holds 64.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Saint Mary's Health System Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +0.0% | +53.3% | -8.2% |
| 2014 | +0.0% | +3.2% | -2.2% |
| 2013 | +0.0% | -0.1% | -1.9% |
| 2012 | +13.0% | +1.0% | -1.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Saint Mary's Health System 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, Saint Mary's Health System 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.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $145K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at approximately $30,000-$33,000 annually, which is very low for an organization of this size and suggests a strong commitment to mission over personal gain.
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.
Strengths
The following positive indicators were identified for Saint Mary's Health System Inc:
- Stable revenue and asset base over the past five years.
- Very low reported executive compensation, indicating efficient use of funds.
- Consistent and transparent financial reporting.
Frequently Asked Questions about Saint Mary's Health System Inc
Is Saint Mary's Health System Inc a legitimate charity?
Saint Mary's Health System Inc (EIN: 222528399) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 5 years of IRS 990 filings on record. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Saint Mary's Health System Inc spend its money?
Saint Mary's Health System Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Saint Mary's Health System Inc tax-deductible?
Saint Mary's Health System Inc is registered as a tax-exempt nonprofit (EIN: 222528399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Saint Mary's Health System Inc CEO make?
Saint Mary's Health System Inc's highest-compensated officer earns $30,000 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Saint Mary's Health System Inc's spending goes to programs?
Saint Mary's Health System Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Saint Mary's Health System Inc located?
Saint Mary's Health System Inc is headquartered in Waterbury, Connecticut and files with the IRS under EIN 222528399.
How many years of IRS 990 filings does Saint Mary's Health System Inc have?
Saint Mary's Health System Inc has 5 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 Saint Mary's Health System Inc do?
Saint Mary's Health System Inc is a nonprofit organization in the Unknown sector, located in Waterbury, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Saint Mary's Health System Inc have?
Saint Mary's Health System Inc reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Saint Mary's Health System Inc's total assets?
Saint Mary's Health System Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Saint Mary's Health System Inc located?
Saint Mary's Health System Inc is based in Waterbury, Connecticut.
What is Saint Mary's Health System Inc's EIN?
Saint Mary's Health System Inc's Employer Identification Number (EIN) is 222528399. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Saint Mary's Health System Inc?
Saint Mary's Health System Inc is classified under NTEE code Unknown (Unknown).
Is Saint Mary's Health System Inc a registered 501(c)(3)?
Saint Mary's Health System Inc appears in IRS records (EIN: 222528399). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Saint Mary's Health System Inc file IRS Form 990?
Yes, Saint Mary's Health System Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 201509.
What was Saint Mary's Health System Inc's revenue in 2015?
In the 201509 filing period, Saint Mary's Health System Inc reported total revenue of $156,528, total expenses of $301,878, and net assets of $1,615,025.
Is Saint Mary's Health System Inc's revenue growing or declining?
Saint Mary's Health System Inc's revenue is relatively stable. Revenue went from $156,528 (201409) to $156,528 (201509), a 0.0% change. Based on 5 filings on record.
What is Saint Mary's Health System Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Saint Mary's Health System Inc covers tax period 201509. It shows revenue of $156,528, expenses of $301,878, total assets of $1,615,025, and liabilities of $30,337.
How much does Saint Mary's Health System Inc spend on programs vs administration?
Based on IRS 990 analysis, Saint Mary's Health System Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Saint Mary's Health System Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Saint Mary's Health System Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Saint Mary's Health System Inc's strengths?
Positive indicators for Saint Mary's Health System Inc include: Stable revenue and asset base over the past five years.. Very low reported executive compensation, indicating efficient use of funds.. Consistent and transparent financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Saint Mary's Health System Inc compensate executives?
Executive compensation is consistently reported at approximately $30,000-$33,000 annually, which is very low for an organization of this size and suggests a strong commitment to mission over personal gain. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset figures, what strategies does Saint Mary's Health System employ to maintain financial stability in a fluctuating healthcare market?
The consistent revenue and asset figures suggest effective financial management and potentially a stable patient base or strong community support, allowing them to weather market changes without significant financial volatility.
Filing History
IRS 990 filing history for Saint Mary's Health System Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Saint Mary's Health System Inc's revenue has grown by 13%, moving from $138K to $157K. Total assets decreased by 13.6% over the same period, from $1.9M to $1.6M. Total functional expenses rose by 59.6%, from $189K to $302K. In its most recent filing year (2015), Saint Mary's Health System Inc reported a deficit of $145K, with expenses exceeding revenue. The organization holds $30K in liabilities against $1.6M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $157K | $302K | $1.6M | $30K | — | View 990 |
| 2014 | $157K | $197K | $1.8M | $30K | — | View 990 |
| 2013 | $157K | $191K | $1.8M | $30K | — | View 990 |
| 2012 | $157K | $191K | $1.8M | $31K | — | View 990 |
| 2011 | $138K | $189K | $1.9M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $157K, expenses of $302K, and assets of $1.6M (revenue +0.0% year-over-year).
- 2014: Revenue of $157K, expenses of $197K, and assets of $1.8M (revenue +0.0% year-over-year).
- 2013: Revenue of $157K, expenses of $191K, and assets of $1.8M (revenue +0.0% year-over-year).
- 2012: Revenue of $157K, expenses of $191K, and assets of $1.8M (revenue +13.0% year-over-year).
- 2011: Revenue of $138K, expenses of $189K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Saint Mary's Health System Inc:
Data Sources and Methodology
This transparency report for Saint Mary's Health System 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.