Spectrum Health Systens
EIN: 331086165 · Grand Rapids, MI · NTEE: E21
| Metric | Value |
|---|---|
| Total Revenue | $11.0M |
| Total Expenses | $7.4M |
| Net Assets | $11.9M |
Is Spectrum Health Systens Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spectrum Health Systens
Spectrum Health Systens (EIN: 331086165) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code E21. The organization reported total revenue of $11.0M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spectrum Health Systens's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spectrum Health Systens is a large nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.0M |
| Total Expenses | $7.4M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $12.4M |
| Total Liabilities | $499K |
| Net Assets | $11.9M |
| Operating Margin | 17.6% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 20.1 months |
Financial Health Grade: A
In 2023, Spectrum Health Systens reported a surplus of $1.6M with revenue exceeding expenses, holds 20.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spectrum Health Systens's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | +46.1% | +15.0% |
| 2022 | +24.3% | +3.0% | +39.8% |
| 2021 | +34.3% | +19.8% | +18.3% |
| 2020 | +2.9% | +13.2% | -2.2% |
| 2019 | +19.6% | +22.2% | +82.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spectrum Health Systens 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 Spectrum Health Systens 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 surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Frequently Asked Questions about Spectrum Health Systens
Is Spectrum Health Systens a legitimate charity?
Spectrum Health Systens (EIN: 331086165) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $11.0M. No red flags identified. Financial health grade: A.
How does Spectrum Health Systens spend its money?
Spectrum Health Systens reported $11.0M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Spectrum Health Systens tax-deductible?
Spectrum Health Systens is registered as a tax-exempt nonprofit (EIN: 331086165). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spectrum Health Systens located?
Spectrum Health Systens is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 331086165. It is classified under NTEE code E21.
How many years of IRS 990 filings does Spectrum Health Systens have?
Spectrum Health Systens 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 $11.0M in total revenue.
Filing History
IRS 990 filing history for Spectrum Health Systens showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spectrum Health Systens's revenue has grown by 656%, moving from $1.2M to $9.0M. Total assets increased by 3556.9% over the same period, from $338K to $12.4M. Total functional expenses rose by 704.6%, from $918K to $7.4M. In its most recent filing year (2023), Spectrum Health Systens reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $499K in liabilities against $12.4M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $11.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.0M | $7.4M | $12.4M | $499K | — | — |
| 2022 | $8.2M | $5.1M | $10.7M | $463K | — | View 990 |
| 2021 | $6.6M | $4.9M | $7.7M | $621K | — | View 990 |
| 2020 | $4.9M | $4.1M | $6.5M | $1.1M | — | View 990 |
| 2019 | $4.8M | $3.6M | $6.6M | $2.1M | — | View 990 |
| 2018 | $4.0M | $3.0M | $3.6M | $241K | — | View 990 |
| 2017 | $3.1M | $2.3M | $2.6M | $253K | — | View 990 |
| 2016 | $2.8M | $2.0M | $2.0M | $398K | — | View 990 |
| 2015 | $1.4M | $1.1M | $1.1M | $325K | — | View 990 |
| 2014 | $1.3M | $1.0M | $802K | $78K | — | View 990 |
| 2013 | $1.1M | $912K | $608K | $127K | — | View 990 |
| 2012 | $1.2M | $996K | $502K | $230K | — | View 990 |
| 2011 | $1.2M | $918K | $338K | $120K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.0M, expenses of $7.4M, and assets of $12.4M (revenue +9.4% year-over-year).
- 2022: Revenue of $8.2M, expenses of $5.1M, and assets of $10.7M (revenue +24.3% year-over-year).
- 2021: Revenue of $6.6M, expenses of $4.9M, and assets of $7.7M (revenue +34.3% year-over-year).
- 2020: Revenue of $4.9M, expenses of $4.1M, and assets of $6.5M (revenue +2.9% year-over-year).
- 2019: Revenue of $4.8M, expenses of $3.6M, and assets of $6.6M (revenue +19.6% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.0M, and assets of $3.6M (revenue +29.7% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.3M, and assets of $2.6M (revenue +9.1% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.0M, and assets of $2.0M (revenue +96.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.1M, and assets of $1.1M (revenue +12.6% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.0M, and assets of $802K (revenue +13.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $912K, and assets of $608K (revenue -8.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $996K, and assets of $502K (revenue +3.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $918K, and assets of $338K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spectrum Health Systens:
Data Sources and Methodology
This transparency report for Spectrum Health Systens 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.