St Lukes Medical Clinic

St Lukes Medical Clinic consistently operates at a deficit, with declining assets and increasing liabilities.

EIN: 205435019 · Fort Collins, CO · Updated: 2026-03-28

$844KRevenue

$152KAssets

60/100Mission Score (Good)

About St Lukes Medical Clinic

St Lukes Medical Clinic (EIN: 205435019) is a nonprofit organization based in Fort Collins, CO. The organization reported total revenue of $844K and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Lukes Medical Clinic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

St Lukes Medical Clinic demonstrates a consistent operational deficit over the past four years, with expenses exceeding revenue in each period. For instance, in 2023, expenses were $652,240 against revenues of $606,804, indicating a reliance on prior assets or debt to cover operations. The organization's assets have also shown a declining trend from $199,942 in 2020 to $125,560 in 2023, while liabilities have remained relatively high, even exceeding assets in 2023 ($160,156 liabilities vs. $125,560 assets). This financial pattern suggests potential long-term sustainability challenges if not addressed.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational losses raise questions about the efficiency of resource allocation. The reported 0% officer compensation across all filings indicates a potential strength in minimizing executive overhead, or that officers are unpaid volunteers, which is a positive sign for donor funds being directed elsewhere. However, it also means there's no data to analyze executive pay against organizational size.

Transparency is generally good given the availability of multiple years of 990 filings. The consistent reporting of key financial metrics allows for a basic trend analysis. However, the lack of NTEE code information and detailed expense breakdowns within the provided data limits a deeper understanding of their specific programmatic focus and operational efficiency. The increasing liabilities relative to decreasing assets in the latest period warrant closer scrutiny for potential financial risk.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates St Lukes Medical Clinic with a Mission Score of 60 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, St Lukes Medical Clinic allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Officer compensation is reported as 0% across all available filings, suggesting either a volunteer leadership model or that compensation is not reported under this category, which is a positive indicator for minimizing overhead costs relative to the organization's size and revenue.

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 St Lukes Medical Clinic's IRS 990 filings:

Consistent operational deficits over four years (expenses exceeding revenue in every period).
Declining asset base from $199,942 in 2020 to $125,560 in 2023.
Liabilities ($160,156) exceeding assets ($125,560) in the latest filing period (2023).
Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering efficiency analysis.

Strengths

The following positive indicators were identified for St Lukes Medical Clinic:

Reported 0% officer compensation across all filings, indicating low executive overhead.
Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.

Frequently Asked Questions about St Lukes Medical Clinic

Is St Lukes Medical Clinic financially sustainable given its consistent operational deficits?

The organization has consistently spent more than it earned over the past four years, with expenses exceeding revenue in every period (e.g., $652,240 expenses vs. $606,804 revenue in 2023). This trend, coupled with declining assets and increasing liabilities, raises concerns about long-term financial sustainability.

What is the reason for the decline in assets from $199,942 in 2020 to $125,560 in 2023?

The decline in assets is likely due to the organization using its reserves to cover the consistent operational deficits, as expenses have outpaced revenue in each of the last four reported periods.

How does the organization plan to address its liabilities, which exceeded assets in 2023?

In 2023, liabilities ($160,156) surpassed assets ($125,560). This indicates a negative net asset position, which is a significant financial risk. The organization would need a clear strategy to increase revenue or reduce expenses to improve its financial standing.

Filing History

IRS 990 filing history for St Lukes Medical Clinic showing financial trends over 4 years of public records:

Over 4 years of IRS 990 filings (2020–2023), St Lukes Medical Clinic's revenue has grown by 6.8%, moving from $568K to $607K. Total assets decreased by 37.2% over the same period, from $200K to $126K. Total functional expenses rose by 10.1%, from $592K to $652K. In its most recent filing year (2023), St Lukes Medical Clinic reported a deficit of $45K, with expenses exceeding revenue. The organization holds $160K in liabilities against $126K in assets (debt-to-asset ratio: 127.6%), resulting in net assets of $-34,596.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$607K	$652K	$126K	$160K	—	View 990
2022	$645K	$638K	$163K	$153K	—	—
2021	$725K	$754K	$206K	$203K	—	View 990
2020	$568K	$592K	$200K	$167K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $607K, expenses of $652K, and assets of $126K (revenue -5.9% year-over-year).
2022: Revenue of $645K, expenses of $638K, and assets of $163K (revenue -11.0% year-over-year).
2021: Revenue of $725K, expenses of $754K, and assets of $206K (revenue +27.5% year-over-year).
2020: Revenue of $568K, expenses of $592K, and assets of $200K.

Data Sources and Methodology

This transparency report for St Lukes Medical Clinic 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.