Triad Health Systems Inc
Triad Health Systems Inc. shows significant asset growth and revenue expansion over a decade, with a minor deficit in 2023.
EIN: 208963925 · Warsaw, KY · NTEE: E210 · Updated: 2026-03-28
Is Triad Health Systems Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Triad Health Systems Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Triad Health Systems Inc
Triad Health Systems Inc (EIN: 208963925) is a nonprofit organization based in Warsaw, KY, classified under NTEE code E210. The organization reported total revenue of $12.3M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Triad Health Systems Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Triad Health Systems Inc with a Mission Score of 85 out of 100 (Excellent). 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, Triad Health Systems 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.
Executive Compensation Analysis
The organization consistently reports 0% for officer compensation across all available filings, which suggests either that executive compensation is not a significant expenditure or is reported under different categories, requiring further scrutiny for a complete understanding of executive pay relative to the organization's size and revenue of over $10 million.
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 Triad Health Systems Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive pay if reported elsewhere.
- Slight deficit in 2023 ($10,284,526 expenses vs. $10,016,182 revenue) after several years of surplus.
Strengths
The following positive indicators were identified for Triad Health Systems Inc:
- Strong revenue growth from $1.89 million in 2014 to over $10 million in 2023.
- Significant asset accumulation, growing from $2.13 million in 2014 to $11.7 million in 2023.
- Assets consistently exceed liabilities, indicating good financial health.
- Clear mission aligned with NTEE code E210 (General and Rehabilitative Hospitals).
Frequently Asked Questions about Triad Health Systems Inc
Is Triad Health Systems Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Triad Health Systems Inc (EIN: 208963925) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Triad Health Systems Inc spend its money?
Triad Health Systems Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Triad Health Systems Inc tax-deductible?
Triad Health Systems Inc is registered as a tax-exempt nonprofit (EIN: 208963925). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Triad Health Systems Inc. financially stable?
Yes, Triad Health Systems Inc. appears financially stable, with assets consistently exceeding liabilities and significant revenue growth from $1.89 million in 2014 to over $10 million in 2023, despite a slight deficit in 2023.
How has Triad Health Systems Inc.'s revenue changed over time?
Triad Health Systems Inc. has experienced substantial revenue growth, increasing from $1,890,206 in 2014 to $10,016,182 in 2023, indicating significant expansion of its operations.
What is the trend in the organization's assets?
The organization's assets have shown strong growth, increasing from $2,136,769 in 2014 to $11,705,957 in 2023, demonstrating a healthy accumulation of resources.
Why is officer compensation reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this size and revenue. It suggests either that officers are unpaid, compensation is minimal, or it is categorized differently, warranting further investigation into the detailed financial statements.
Filing History
IRS 990 filing history for Triad Health Systems Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Triad Health Systems Inc's revenue has grown by 591.5%, moving from $1.4M to $10.0M. Total assets increased by 5763.9% over the same period, from $200K to $11.7M. Total functional expenses rose by 635.3%, from $1.4M to $10.3M. In its most recent filing year (2023), Triad Health Systems Inc reported a deficit of $268K, with expenses exceeding revenue. The organization holds $5.1M in liabilities against $11.7M in assets (debt-to-asset ratio: 43.5%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $10.3M | $11.7M | $5.1M | — | View 990 |
| 2022 | $10.5M | $9.0M | $12.4M | $5.8M | — | — |
| 2021 | $8.6M | $8.2M | $7.3M | $2.3M | — | View 990 |
| 2020 | $11.6M | $8.8M | $7.3M | $2.5M | — | View 990 |
| 2019 | $8.4M | $7.6M | $4.2M | $2.1M | — | View 990 |
| 2018 | $5.2M | $5.3M | $3.2M | $1.9M | — | View 990 |
| 2017 | $4.7M | $4.7M | $3.3M | $2.2M | — | — |
| 2016 | $3.3M | $3.1M | $2.9M | $1.8M | — | View 990 |
| 2015 | $2.5M | $2.3M | $2.7M | $1.9M | — | View 990 |
| 2014 | $1.9M | $1.9M | $2.1M | $1.5M | — | View 990 |
| 2013 | $2.0M | $1.7M | $1.1M | $423K | — | View 990 |
| 2012 | $1.7M | $1.5M | $850K | $537K | — | View 990 |
| 2011 | $1.4M | $1.4M | $200K | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $10.3M, and assets of $11.7M (revenue -5.0% year-over-year).
- 2022: Revenue of $10.5M, expenses of $9.0M, and assets of $12.4M (revenue +22.1% year-over-year).
- 2021: Revenue of $8.6M, expenses of $8.2M, and assets of $7.3M (revenue -25.3% year-over-year).
- 2020: Revenue of $11.6M, expenses of $8.8M, and assets of $7.3M (revenue +38.2% year-over-year).
- 2019: Revenue of $8.4M, expenses of $7.6M, and assets of $4.2M (revenue +61.3% year-over-year).
- 2018: Revenue of $5.2M, expenses of $5.3M, and assets of $3.2M (revenue +10.2% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.7M, and assets of $3.3M (revenue +42.2% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.1M, and assets of $2.9M (revenue +32.8% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.3M, and assets of $2.7M (revenue +31.8% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $2.1M (revenue -7.1% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.7M, and assets of $1.1M (revenue +22.8% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $850K (revenue +14.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $200K.
Data Sources and Methodology
This transparency report for Triad Health Systems 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.