Walnut Street Community Health Center Inc
Walnut Street Community Health Center Inc shows consistent asset growth but reported a deficit in its latest filing period.
EIN: 20575163 · Hagerstown, MD · NTEE: E32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.9M |
| Total Expenses | $12.8M |
| Program Spending | 85% |
| Net Assets | $9.3M |
| Transparency Score | 85/100 |
Is Walnut Street Community Health Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Walnut Street Community Health Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walnut Street Community Health Center Inc
Walnut Street Community Health Center Inc (EIN: 20575163) is a nonprofit organization based in Hagerstown, MD, classified under NTEE code E32. The organization reported total revenue of $15.9M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walnut Street Community Health Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walnut Street Community Health Center Inc is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.3M |
| Total Expenses | $12.8M |
| Surplus / Deficit | $-1,535,328 |
| Total Assets | $10.4M |
| Total Liabilities | $1.1M |
| Net Assets | $9.3M |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2024, Walnut Street Community Health Center Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Walnut Street Community Health Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.9% | +15.7% | -2.7% |
| 2023 | -9.7% | -8.6% | -7.4% |
| 2022 | +32.0% | +46.5% | -6.4% |
| 2021 | +10.3% | +0.5% | +24.2% |
| 2020 | +24.9% | +12.5% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Walnut Street Community Health Center 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, Walnut Street Community Health Center 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.8%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is unusual for an organization of this size and suggests that executive compensation may be reported under other expense categories or that the organization relies heavily on volunteer leadership, which would be a significant strength in terms of resource allocation.
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 Walnut Street Community Health Center Inc's IRS 990 filings:
- Reported deficit in the 202402 period ($1,535,328 difference between expenses and revenue)
- Consistent 0% officer compensation reported, which may obscure actual executive pay if reported elsewhere on the 990.
Strengths
The following positive indicators were identified for Walnut Street Community Health Center Inc:
- Strong and consistent asset growth over the past decade, from $8,422,212 in 201502 to $10,374,502 in 202402.
- Generally positive net income in most filing periods, indicating sound financial management.
- Clear mission alignment with NTEE code E32 (Community Health Systems).
- Substantial operational scale with latest revenue of $15,906,680, suggesting significant community impact.
Frequently Asked Questions about Walnut Street Community Health Center Inc
Is Walnut Street Community Health Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Walnut Street Community Health Center Inc (EIN: 20575163) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Walnut Street Community Health Center Inc spend its money?
Walnut Street Community Health Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Walnut Street Community Health Center Inc tax-deductible?
Walnut Street Community Health Center Inc is registered as a tax-exempt nonprofit (EIN: 20575163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Walnut Street Community Health Center Inc's spending goes to programs?
Walnut Street Community Health Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Walnut Street Community Health Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Walnut Street Community Health Center Inc is above average for NTEE category E32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Walnut Street Community Health Center Inc located?
Walnut Street Community Health Center Inc is headquartered in Hagerstown, Maryland and files with the IRS under EIN 20575163. It is classified under NTEE code E32.
How many years of IRS 990 filings does Walnut Street Community Health Center Inc have?
Walnut Street Community Health Center 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 $15.9M in total revenue.
Is Walnut Street Community Health Center Inc a good charity?
Based on the available data, the organization appears to be a good charity. It has a strong asset base, consistent revenue generation, and a clear mission as a community health center. The reported 0% officer compensation is a positive indicator, though further investigation into the full 990 forms would clarify how executive compensation is handled.
Why did the organization report a deficit in the 202402 period?
In the 202402 period, Walnut Street Community Health Center Inc reported expenses of $12,839,214 against revenues of $11,303,886, resulting in a deficit. This could be due to increased operational costs, one-time investments, or a temporary dip in funding. It's important to review the detailed financial statements for that period to understand the specific reasons.
How has the organization's financial stability changed over the past decade?
The organization has shown significant financial growth and stability over the past decade. Its assets have increased from $8,422,212 in 201502 to $10,374,502 in 202402, and revenues have generally trended upwards, indicating a growing capacity to serve its community.
Filing History
IRS 990 filing history for Walnut Street Community Health Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Walnut Street Community Health Center Inc's revenue has grown by 131.1%, moving from $4.9M to $11.3M. Total assets increased by 138.4% over the same period, from $4.4M to $10.4M. Total functional expenses rose by 219.5%, from $4.0M to $12.8M. In its most recent filing year (2024), Walnut Street Community Health Center Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $10.4M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $11.3M | $12.8M | $10.4M | $1.1M | — | View 990 |
| 2023 | $11.9M | $11.1M | $10.7M | $903K | — | — |
| 2022 | $13.2M | $12.1M | $11.5M | $2.2M | — | View 990 |
| 2021 | $10.0M | $8.3M | $12.3M | $3.6M | — | — |
| 2020 | $9.0M | $8.2M | $9.9M | $3.3M | — | View 990 |
| 2019 | $7.2M | $7.3M | $9.1M | $3.3M | — | View 990 |
| 2018 | $6.3M | $6.2M | $9.5M | $3.4M | — | View 990 |
| 2017 | $6.8M | $6.0M | $9.4M | $3.5M | — | View 990 |
| 2016 | $6.9M | $5.6M | $9.5M | $4.1M | — | View 990 |
| 2015 | $5.1M | $4.9M | $8.4M | $4.2M | — | View 990 |
| 2014 | $4.3M | $4.4M | $4.5M | $343K | — | View 990 |
| 2013 | $4.4M | $4.2M | $4.5M | $387K | — | View 990 |
| 2012 | $4.9M | $4.0M | $4.4M | $438K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $11.3M, expenses of $12.8M, and assets of $10.4M (revenue -4.9% year-over-year).
- 2023: Revenue of $11.9M, expenses of $11.1M, and assets of $10.7M (revenue -9.7% year-over-year).
- 2022: Revenue of $13.2M, expenses of $12.1M, and assets of $11.5M (revenue +32.0% year-over-year).
- 2021: Revenue of $10.0M, expenses of $8.3M, and assets of $12.3M (revenue +10.3% year-over-year).
- 2020: Revenue of $9.0M, expenses of $8.2M, and assets of $9.9M (revenue +24.9% year-over-year).
- 2019: Revenue of $7.2M, expenses of $7.3M, and assets of $9.1M (revenue +15.5% year-over-year).
- 2018: Revenue of $6.3M, expenses of $6.2M, and assets of $9.5M (revenue -7.7% year-over-year).
- 2017: Revenue of $6.8M, expenses of $6.0M, and assets of $9.4M (revenue -2.0% year-over-year).
- 2016: Revenue of $6.9M, expenses of $5.6M, and assets of $9.5M (revenue +36.6% year-over-year).
- 2015: Revenue of $5.1M, expenses of $4.9M, and assets of $8.4M (revenue +19.0% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.4M, and assets of $4.5M (revenue -3.3% year-over-year).
- 2013: Revenue of $4.4M, expenses of $4.2M, and assets of $4.5M (revenue -9.9% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.0M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walnut Street Community Health Center Inc:
Data Sources and Methodology
This transparency report for Walnut Street Community Health Center 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.