Sunrise Healthcare

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Sunrise Healthcare Form 990, Revenue, CEO Pay, and IRS Filing Signals

Sunrise Healthcare is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sunrise Healthcare in one place.

Is Sunrise Healthcare Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Sunrise Healthcare shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Sunrise Healthcare directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Sunrise Healthcare

Sunrise Healthcare (EIN: 222582949) is a nonprofit organization based in Machias, ME, classified under NTEE code E300. The organization reported total revenue of $676K and total assets of $286K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sunrise Healthcare's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Sunrise Healthcare is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Sunrise Healthcare reported a surplus of $47K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 16.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Sunrise Healthcare's revenue has declined at a compound annual growth rate (CAGR) of -10.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Sunrise Healthcare 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, Sunrise Healthcare 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 (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $47K, with revenue exceeding expenses.
• Debt-to-asset ratio: 16.6%.

Executive Compensation Analysis

Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation in 2023 being $39,295.

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 Sunrise Healthcare's IRS 990 filings:

• Significant revenue decline from $2,660,912 in 2016 to $688,957 in 2023, warranting further investigation into the cause and sustainability.
• Net assets have shown variability, with a notable decrease from $658,269 in 2016 to $236,109 in 2023.

Strengths

The following positive indicators were identified for Sunrise Healthcare:

• Consistent dedication to program services, with program expenses representing a high percentage of total expenses annually.
• Maintained positive net assets despite revenue fluctuations.
• Low fundraising expenses indicate efficient resource allocation for core mission.

Frequently Asked Questions about Sunrise Healthcare

Filing History

IRS 990 filing history for Sunrise Healthcare showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Sunrise Healthcare's revenue has declined by 75%, moving from $2.8M to $689K. Total assets decreased by 71.2% over the same period, from $821K to $236K. Total functional expenses fell by 75%, from $2.6M to $642K. In its most recent filing year (2023), Sunrise Healthcare reported a surplus of $47K, with revenue exceeding expenses. The organization holds $39K in liabilities against $236K in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $197K.

Year-by-Year Financial Summary

• 2023: Revenue of $689K, expenses of $642K, and assets of $236K (revenue +14.7% year-over-year).
• 2022: Revenue of $601K, expenses of $572K, and assets of $186K (revenue -1.5% year-over-year).
• 2021: Revenue of $610K, expenses of $558K, and assets of $151K (revenue +5.6% year-over-year).
• 2020: Revenue of $578K, expenses of $534K, and assets of $166K (revenue -2.9% year-over-year).
• 2019: Revenue of $595K, expenses of $771K, and assets of $122K (revenue -69.6% year-over-year).
• 2018: Revenue of $2.0M, expenses of $1.8M, and assets of $422K (revenue -23.7% year-over-year).
• 2017: Revenue of $2.6M, expenses of $2.7M, and assets of $545K (revenue -3.6% year-over-year).
• 2016: Revenue of $2.7M, expenses of $2.8M, and assets of $658K (revenue +2.1% year-over-year).
• 2015: Revenue of $2.6M, expenses of $2.6M, and assets of $724K (revenue +7.5% year-over-year).
• 2014: Revenue of $2.4M, expenses of $2.4M, and assets of $743K (revenue -5.4% year-over-year).
• 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $746K (revenue -2.1% year-over-year).
• 2012: Revenue of $2.6M, expenses of $2.7M, and assets of $726K (revenue -5.0% year-over-year).
• 2011: Revenue of $2.8M, expenses of $2.6M, and assets of $821K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Sunrise Healthcare:

Data Sources and Methodology

This transparency report for Sunrise Healthcare 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.