Tolstoy Foundation Nursing Home Company Inc
Tolstoy Foundation Nursing Home maintains stable operations with increasing liabilities and no reported officer compensation.
EIN: 132590983 · Vly Cottage, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.2M |
| Total Expenses | $10.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10M |
| Net Assets | $-454,571 |
| Transparency Score | 75/100 |
Is Tolstoy Foundation Nursing Home Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tolstoy Foundation Nursing Home Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tolstoy Foundation Nursing Home Company Inc
Tolstoy Foundation Nursing Home Company Inc (EIN: 132590983) is a nonprofit organization based in Vly Cottage, NY. The organization reported total revenue of $10.2M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tolstoy Foundation Nursing Home Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tolstoy Foundation Nursing Home Company Inc is a large nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.2M |
| Total Expenses | $10.8M |
| Surplus / Deficit | +$372K |
| Total Assets | $2.7M |
| Total Liabilities | $3.1M |
| Net Assets | $-454,571 |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 116.9% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Tolstoy Foundation Nursing Home Company Inc reported a surplus of $372K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 116.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tolstoy Foundation Nursing Home Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.8% | -7.5% | -1.4% |
| 2022 | +20.9% | +2.1% | +11.5% |
| 2021 | +16.3% | +10.5% | -5.0% |
| 2020 | -16.0% | +1.1% | +1.0% |
| 2019 | +4.4% | -0.1% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Tolstoy Foundation Nursing Home Company Inc 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, Tolstoy Foundation Nursing Home Company Inc 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 $372K, with revenue exceeding expenses.
- Debt-to-asset ratio: 116.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size ($10M+ revenue) and suggests either a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990.
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 Tolstoy Foundation Nursing Home Company Inc's IRS 990 filings:
- Liabilities consistently exceed assets in recent years (e.g., $3.1M liabilities vs. $2.7M assets in 2023).
- No reported officer compensation for an organization with over $10 million in annual revenue, which is atypical and could indicate alternative compensation structures or a fully volunteer executive team.
Strengths
The following positive indicators were identified for Tolstoy Foundation Nursing Home Company Inc:
- Consistent revenue generation, generally exceeding expenses (e.g., $11.2M revenue vs. $10.8M expenses in 2023).
- Long history of IRS 990 filings, indicating strong compliance and transparency.
- Stable asset base over time, generally around $2.5 million to $2.7 million.
- Consistent operational activity over many years, demonstrating sustained service delivery.
Frequently Asked Questions about Tolstoy Foundation Nursing Home Company Inc
Is Tolstoy Foundation Nursing Home Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tolstoy Foundation Nursing Home Company Inc (EIN: 132590983) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Tolstoy Foundation Nursing Home Company Inc spend its money?
Tolstoy Foundation Nursing Home Company Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tolstoy Foundation Nursing Home Company Inc tax-deductible?
Tolstoy Foundation Nursing Home Company Inc is registered as a tax-exempt nonprofit (EIN: 132590983). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tolstoy Foundation Nursing Home Company Inc CEO make?
Tolstoy Foundation Nursing Home Company Inc's highest-compensated officer earns $10M annually. The organization reported $10.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tolstoy Foundation Nursing Home Company Inc's spending goes to programs?
Tolstoy Foundation Nursing Home Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Tolstoy Foundation Nursing Home Company Inc located?
Tolstoy Foundation Nursing Home Company Inc is headquartered in Vly Cottage, New York and files with the IRS under EIN 132590983.
How many years of IRS 990 filings does Tolstoy Foundation Nursing Home Company Inc have?
Tolstoy Foundation Nursing Home Company Inc 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 $10.2M in total revenue.
Is Tolstoy Foundation Nursing Home Company Inc. financially stable?
Yes, the organization appears financially stable with revenues generally exceeding expenses in recent years (e.g., $11.2M revenue vs. $10.8M expenses in 2023). However, its liabilities have consistently exceeded assets in recent periods, which warrants monitoring.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all available IRS 990 filings, indicating that executive leadership may be volunteer-based or compensated through non-officer channels.
What is the trend in the organization's liabilities?
Liabilities have shown an increasing trend, reaching $3,140,644 in 2023, which is higher than its assets of $2,686,073 in the same period. This trend should be monitored.
Filing History
IRS 990 filing history for Tolstoy Foundation Nursing Home Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tolstoy Foundation Nursing Home Company Inc's revenue has grown by 32.5%, moving from $8.5M to $11.2M. Total assets increased by 34.6% over the same period, from $2.0M to $2.7M. Total functional expenses rose by 32.3%, from $8.2M to $10.8M. In its most recent filing year (2023), Tolstoy Foundation Nursing Home Company Inc reported a surplus of $372K, with revenue exceeding expenses. The organization holds $3.1M in liabilities against $2.7M in assets (debt-to-asset ratio: 116.9%), resulting in net assets of $-454,571.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.2M | $10.8M | $2.7M | $3.1M | — | — |
| 2022 | $12.3M | $11.7M | $2.7M | $3.6M | — | View 990 |
| 2021 | $10.2M | $11.5M | $2.4M | $5.2M | — | View 990 |
| 2020 | $8.7M | $10.4M | $2.6M | $4.0M | — | — |
| 2019 | $10.4M | $10.3M | $2.5M | $2.3M | — | View 990 |
| 2018 | $10.0M | $10.3M | $2.5M | $2.4M | — | View 990 |
| 2017 | $9.3M | $9.7M | $2.2M | $1.8M | — | — |
| 2016 | $9.3M | $9.4M | $2.3M | $1.5M | — | View 990 |
| 2015 | $8.8M | $8.5M | $2.5M | $1.7M | — | View 990 |
| 2014 | $8.5M | $8.7M | $2.0M | $1.4M | — | View 990 |
| 2013 | $8.5M | $8.4M | $1.8M | $1.1M | — | View 990 |
| 2012 | $8.1M | $8.1M | $1.8M | $1.2M | — | View 990 |
| 2011 | $8.5M | $8.2M | $2.0M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.2M, expenses of $10.8M, and assets of $2.7M (revenue -8.8% year-over-year).
- 2022: Revenue of $12.3M, expenses of $11.7M, and assets of $2.7M (revenue +20.9% year-over-year).
- 2021: Revenue of $10.2M, expenses of $11.5M, and assets of $2.4M (revenue +16.3% year-over-year).
- 2020: Revenue of $8.7M, expenses of $10.4M, and assets of $2.6M (revenue -16.0% year-over-year).
- 2019: Revenue of $10.4M, expenses of $10.3M, and assets of $2.5M (revenue +4.4% year-over-year).
- 2018: Revenue of $10.0M, expenses of $10.3M, and assets of $2.5M (revenue +7.5% year-over-year).
- 2017: Revenue of $9.3M, expenses of $9.7M, and assets of $2.2M (revenue -0.5% year-over-year).
- 2016: Revenue of $9.3M, expenses of $9.4M, and assets of $2.3M (revenue +5.7% year-over-year).
- 2015: Revenue of $8.8M, expenses of $8.5M, and assets of $2.5M (revenue +3.5% year-over-year).
- 2014: Revenue of $8.5M, expenses of $8.7M, and assets of $2.0M (revenue -0.3% year-over-year).
- 2013: Revenue of $8.5M, expenses of $8.4M, and assets of $1.8M (revenue +5.4% year-over-year).
- 2012: Revenue of $8.1M, expenses of $8.1M, and assets of $1.8M (revenue -4.1% year-over-year).
- 2011: Revenue of $8.5M, expenses of $8.2M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tolstoy Foundation Nursing Home Company Inc:
Data Sources and Methodology
This transparency report for Tolstoy Foundation Nursing Home Company 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.