Seton Health System Inc
Seton Health System Inc. experiences sharp revenue decline and reports zero assets in latest filing.
EIN: 141776186 · Troy, NY · NTEE: E220 · Updated: 2026-03-28
Is Seton Health System Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seton Health System Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Seton Health System Inc
Seton Health System Inc (EIN: 141776186) is a nonprofit organization based in Troy, NY, classified under NTEE code E220. The organization reported total revenue of $43.1M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seton Health System 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 Seton Health System Inc with a Mission Score of 45 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, Seton Health System Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% of expenses across all available filings, suggesting either no compensation for officers or that compensation is categorized differently, which is a positive sign for controlling executive pay relative to the organization's size.
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 Seton Health System Inc's IRS 990 filings:
- Dramatic decline in revenue from $136M to $43M over several years.
- Reported $0 in assets for the latest filing period, a significant departure from previous years ($80M+).
- Expenses frequently exceeded revenue in multiple past periods (e.g., 2017, 2016, 2015), indicating potential operational deficits.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data.
Strengths
The following positive indicators were identified for Seton Health System Inc:
- Consistent reporting of 0% officer compensation across all available filings, suggesting good control over executive pay or alternative reporting.
- Historically managed significant revenue streams, indicating a capacity for large-scale operations in the past.
Frequently Asked Questions about Seton Health System Inc
Is Seton Health System Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Seton Health System Inc (EIN: 141776186) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Seton Health System Inc spend its money?
Seton Health System Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seton Health System Inc tax-deductible?
Seton Health System Inc is registered as a tax-exempt nonprofit (EIN: 141776186). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic decrease in revenue from $100M+ to $43M, and the reported $0 in assets?
The provided data does not specify the reasons for these significant changes. It could indicate a major restructuring, sale of assets, merger, or a severe financial downturn. Further investigation into the organization's detailed financial statements and operational reports would be necessary.
Is the organization still operational given the $0 reported assets?
While the $0 asset figure is highly unusual, the organization still reported over $43 million in revenue in its latest filing, suggesting it is still operational. However, the nature of its operations and asset base requires clarification.
How does Seton Health System Inc. manage its liabilities, which have historically been substantial?
The organization has consistently carried significant liabilities, ranging from $51M to $62M. Without current liability data for the latest period, it's unclear how these are being managed, especially in light of the reported $0 assets.
Filing History
IRS 990 filing history for Seton Health System Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Seton Health System Inc's revenue has declined by 26.7%, moving from $137.0M to $100.4M. Total assets decreased by 21.9% over the same period, from $105.1M to $82.1M. Total functional expenses fell by 16.7%, from $133.6M to $111.3M. In its most recent filing year (2017), Seton Health System Inc reported a deficit of $10.8M, with expenses exceeding revenue. The organization holds $61.1M in liabilities against $82.1M in assets (debt-to-asset ratio: 74.4%), resulting in net assets of $21.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2017 | $100.4M | $111.3M | $82.1M | $61.1M | — | View 990 |
| 2016 | $113.9M | $124.1M | $88.6M | $51.5M | — | View 990 |
| 2015 | $113.7M | $116.0M | $113.8M | $54.1M | — | View 990 |
| 2014 | $112.0M | $108.4M | $117.3M | $56.7M | — | View 990 |
| 2013 | $57.7M | $54.6M | $117.3M | $61.5M | — | View 990 |
| 2012 | $125.6M | $120.8M | $112.6M | $59.9M | — | View 990 |
| 2011 | $137.0M | $133.6M | $105.1M | $62.3M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $100.4M, expenses of $111.3M, and assets of $82.1M (revenue -11.8% year-over-year).
- 2016: Revenue of $113.9M, expenses of $124.1M, and assets of $88.6M (revenue +0.2% year-over-year).
- 2015: Revenue of $113.7M, expenses of $116.0M, and assets of $113.8M (revenue +1.4% year-over-year).
- 2014: Revenue of $112.0M, expenses of $108.4M, and assets of $117.3M (revenue +94.3% year-over-year).
- 2013: Revenue of $57.7M, expenses of $54.6M, and assets of $117.3M (revenue -54.1% year-over-year).
- 2012: Revenue of $125.6M, expenses of $120.8M, and assets of $112.6M (revenue -8.3% year-over-year).
- 2011: Revenue of $137.0M, expenses of $133.6M, and assets of $105.1M.
Data Sources and Methodology
This transparency report for Seton 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.