Specialty Hospital Of Lorain
EIN: 341902731 · Amherst, OH · NTEE: E20
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $5.8M |
| Net Assets | $888K |
Is Specialty Hospital Of Lorain Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Specialty Hospital Of Lorain
Specialty Hospital Of Lorain (EIN: 341902731) is a nonprofit organization based in Amherst, OH, classified under NTEE code E20. The organization reported total revenue of $2.5M and total assets of $491K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Specialty Hospital Of Lorain's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Specialty Hospital Of Lorain is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.3M |
| Total Expenses | $5.8M |
| Surplus / Deficit | $-548,605 |
| Total Assets | $1.9M |
| Total Liabilities | $1.0M |
| Net Assets | $888K |
| Operating Margin | -10.4% |
| Debt-to-Asset Ratio | 54.0% |
| Months of Reserves | 4.0 months |
Financial Health Grade: C
In 2023, Specialty Hospital Of Lorain reported a deficit of $549K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 54.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Specialty Hospital Of Lorain's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.0% | -14.4% | -31.8% |
| 2022 | +10.4% | +13.1% | -15.4% |
| 2021 | -10.1% | -3.7% | -9.6% |
| 2020 | +6.6% | -2.6% | +81.9% |
| 2019 | -3.7% | -7.4% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Specialty Hospital Of Lorain has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Specialty Hospital Of Lorain with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $549K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.0%.
Frequently Asked Questions about Specialty Hospital Of Lorain
Is Specialty Hospital Of Lorain a legitimate charity?
Based on AI analysis of IRS 990 filings, Specialty Hospital Of Lorain (EIN: 341902731) insufficient data. 0 red flags identified, 0 strengths noted.
How does Specialty Hospital Of Lorain spend its money?
Detailed spending breakdown data is not yet available for Specialty Hospital Of Lorain. Check back for updated IRS 990 analysis.
Are donations to Specialty Hospital Of Lorain tax-deductible?
Specialty Hospital Of Lorain is registered as a tax-exempt nonprofit (EIN: 341902731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Specialty Hospital Of Lorain located?
Specialty Hospital Of Lorain is headquartered in Amherst, Ohio and files with the IRS under EIN 341902731. It is classified under NTEE code E20.
How many years of IRS 990 filings does Specialty Hospital Of Lorain have?
Specialty Hospital Of Lorain 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for Specialty Hospital Of Lorain showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Specialty Hospital Of Lorain's revenue has declined by 42%, moving from $9.1M to $5.3M. Total assets decreased by 0.5% over the same period, from $1.9M to $1.9M. Total functional expenses fell by 33.8%, from $8.8M to $5.8M. In its most recent filing year (2023), Specialty Hospital Of Lorain reported a deficit of $549K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $1.9M in assets (debt-to-asset ratio: 54.0%), resulting in net assets of $888K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.3M | $5.8M | $1.9M | $1.0M | — | — |
| 2022 | $6.9M | $6.8M | $2.8M | $1.4M | — | — |
| 2021 | $6.2M | $6.0M | $3.3M | $2.0M | — | View 990 |
| 2020 | $6.9M | $6.3M | $3.7M | $2.5M | — | View 990 |
| 2019 | $6.5M | $6.4M | $2.0M | $1.5M | — | View 990 |
| 2018 | $6.8M | $7.0M | $2.2M | $1.7M | — | View 990 |
| 2017 | $8.1M | $8.2M | $2.4M | $1.7M | — | View 990 |
| 2016 | $9.0M | $9.0M | $2.5M | $1.7M | — | View 990 |
| 2015 | $9.7M | $9.4M | $3.0M | $1.9M | — | View 990 |
| 2014 | $9.8M | $9.2M | $2.9M | $1.5M | — | View 990 |
| 2013 | $9.5M | $8.7M | $2.8M | $1.5M | — | View 990 |
| 2012 | $9.5M | $8.9M | $2.7M | $1.8M | — | View 990 |
| 2011 | $9.1M | $8.8M | $1.9M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.3M, expenses of $5.8M, and assets of $1.9M (revenue -23.0% year-over-year).
- 2022: Revenue of $6.9M, expenses of $6.8M, and assets of $2.8M (revenue +10.4% year-over-year).
- 2021: Revenue of $6.2M, expenses of $6.0M, and assets of $3.3M (revenue -10.1% year-over-year).
- 2020: Revenue of $6.9M, expenses of $6.3M, and assets of $3.7M (revenue +6.6% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.4M, and assets of $2.0M (revenue -3.7% year-over-year).
- 2018: Revenue of $6.8M, expenses of $7.0M, and assets of $2.2M (revenue -16.4% year-over-year).
- 2017: Revenue of $8.1M, expenses of $8.2M, and assets of $2.4M (revenue -9.8% year-over-year).
- 2016: Revenue of $9.0M, expenses of $9.0M, and assets of $2.5M (revenue -7.5% year-over-year).
- 2015: Revenue of $9.7M, expenses of $9.4M, and assets of $3.0M (revenue -1.5% year-over-year).
- 2014: Revenue of $9.8M, expenses of $9.2M, and assets of $2.9M (revenue +3.2% year-over-year).
- 2013: Revenue of $9.5M, expenses of $8.7M, and assets of $2.8M (revenue +-0.0% year-over-year).
- 2012: Revenue of $9.5M, expenses of $8.9M, and assets of $2.7M (revenue +4.4% year-over-year).
- 2011: Revenue of $9.1M, expenses of $8.8M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Specialty Hospital Of Lorain:
Data Sources and Methodology
This transparency report for Specialty Hospital Of Lorain 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.