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

$12.3MRevenue
$9.4MGross Revenue
$9.7MAssets
85/100Mission Score (Excellent)
E210

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Triad Health Systems Inc Financial Summary
MetricValue
Total Revenue$12.3M
Total Expenses$10.3M
Program Spending85%
CEO/Top Officer Pay$10
Net Assets$6.6M
Transparency Score85/100

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Triad Health Systems Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Triad Health Systems Inc 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 Triad Health Systems Inc in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $10.0M and expenses of $10.3M.

Revenue and Expenses

Triad Health Systems Inc reported $10.0M in revenue and $10.3M in expenses, a deficit of $268K.

Executive Compensation

Top officer compensation appears as $10 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.

Is Triad Health Systems Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
2 FoundRed Flags

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

PendingDonor/Grant Funding
85%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Triad Health Systems Inc Expense Deployment
Program services$8.7M (85%)

Across stored filings, Triad Health Systems Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Triad Health Systems Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 2 red flags identified
Mission spend85% to programsExcellent
Financial durabilityGrade B13 stored filing years
Peer contextCompare with Carriage Museum Of AmericaKentucky and Health context

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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.

Organization Overview

18Years Operating
LargeSize Classification
13Years of Filings
MixedRevenue Trajectory

Triad Health Systems Inc is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$10.0M
Total Expenses$10.3M
Surplus / Deficit$-268,344
Total Assets$11.7M
Total Liabilities$5.1M
Net Assets$6.6M
Operating Margin-2.7%
Debt-to-Asset Ratio43.5%
Months of Reserves13.7 months

Financial Health Grade: B

In 2023, Triad Health Systems Inc reported a deficit of $268K with expenses exceeding revenue, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 43.5% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Triad Health Systems Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.

YearRevenue ChangeExpense ChangeAsset Change
2023-5.0%+13.8%-5.4%
2022+22.1%+10.0%+69.1%
2021-25.3%-6.7%-0.4%
2020+38.2%+15.3%+75.7%
2019+61.3%+43.3%+29.1%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2008

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

AI Transparency Report

Triad Health Systems Inc. demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. While the organization experienced a slight deficit in 2023, with expenses of $10,284,526 exceeding revenue of $10,016,182, this follows several years of positive net income, such as in 2022 where revenue of $10,546,748 surpassed expenses of $9,039,754. The organization's assets have shown significant growth, increasing from $2,136,769 in 2014 to $11,705,957 in 2023, indicating strong asset accumulation. The consistent reporting of 0% for officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this specific field, which warrants further investigation. The organization's NTEE code E210 (General and Rehabilitative Hospitals) indicates a focus on healthcare services, aligning with its mission. The growth in revenue from $1,890,206 in 2014 to $10,016,182 in 2023 reflects substantial expansion of its operations and services. Overall, Triad Health Systems appears to be a financially growing entity with a clear mission. The absence of reported officer compensation is a notable point for transparency, and while the 2023 deficit is a minor concern, the long-term financial trends are positive. Further details on program spending versus administrative and fundraising costs would provide a more complete picture of spending efficiency.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$10.0MTotal Revenue
$10.3MTotal Expenses
$11.7MTotal Assets
$5.1MTotal Liabilities
$6.6MNet Assets
  • The organization reported a deficit of $268K, with expenses exceeding revenue.
  • Debt-to-asset ratio: 43.5%.

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?

Triad Health Systems Inc (EIN: 208963925) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.

How does Triad Health Systems Inc spend its money?

Triad Health Systems Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

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.

How much does the Triad Health Systems Inc CEO make?

Triad Health Systems Inc's highest-compensated officer earns $10 annually. The organization reported $12.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.

What percentage of Triad Health Systems Inc's spending goes to programs?

Triad Health Systems Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Triad Health Systems Inc compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Triad Health Systems Inc is above average for NTEE category E210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Triad Health Systems Inc located?

Triad Health Systems Inc is headquartered in Warsaw, Kentucky and files with the IRS under EIN 208963925. It is classified under NTEE code E210.

How many years of IRS 990 filings does Triad Health Systems Inc have?

Triad Health Systems 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 $12.3M in total revenue.

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.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Triad Health Systems Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

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.

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