Wesley Health Care Center Inc

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Wesley Health Care Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Wesley Health Care Center 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 Wesley Health Care Center Inc in one place.

Is Wesley Health Care Center Inc Legit?

Some Concerns

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

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Where the Money Comes From and Where It Goes

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

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Wesley Health Care Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Wesley Health Care Center Inc

Wesley Health Care Center Inc (EIN: 222467092) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code E910. The organization reported total revenue of $40.0M and total assets of $19.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wesley Health Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Wesley Health Care Center Inc is a large nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Wesley Health Care Center Inc reported a deficit of $3.3M with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 72.4% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Wesley Health Care Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.

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 Wesley Health Care Center 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, Wesley Health Care 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 (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $3.3M, with expenses exceeding revenue.
• Debt-to-asset ratio: 72.4%.

Executive Compensation Analysis

Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely refers to compensation to independent contractors, not executive salaries.

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 Wesley Health Care Center Inc's IRS 990 filings:

• Total expenses exceeded total revenue in multiple years (e.g., 2023: $39.6M expenses vs. $36.3M revenue; 2022: $36.5M expenses vs. $30.4M revenue), indicating operational deficits.
• The organization's assets have decreased from $29.9M in 2021 to $24.0M in 2023, suggesting a decline in financial reserves.

Strengths

The following positive indicators were identified for Wesley Health Care Center Inc:

• Maintained significant assets, consistently above $24M, providing a strong financial base.
• Demonstrated resilience in revenue generation, with figures consistently in the $30M-$40M range over eight years.
• Low reported compensation to independent contractors (0%) suggests efficient internal operations or reliance on volunteers.

Frequently Asked Questions about Wesley Health Care Center Inc

Filing History

IRS 990 filing history for Wesley Health Care Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Wesley Health Care Center Inc's revenue has grown by 7%, moving from $33.9M to $36.3M. Total assets decreased by 12.1% over the same period, from $27.3M to $24.0M. Total functional expenses rose by 19.4%, from $33.2M to $39.7M. In its most recent filing year (2023), Wesley Health Care Center Inc reported a deficit of $3.3M, with expenses exceeding revenue. The organization holds $17.4M in liabilities against $24.0M in assets (debt-to-asset ratio: 72.4%), resulting in net assets of $6.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $36.3M, expenses of $39.7M, and assets of $24.0M (revenue +19.2% year-over-year).
• 2022: Revenue of $30.5M, expenses of $36.5M, and assets of $27.5M (revenue -19.7% year-over-year).
• 2021: Revenue of $38.0M, expenses of $39.0M, and assets of $30.0M (revenue -4.4% year-over-year).
• 2020: Revenue of $39.7M, expenses of $39.1M, and assets of $29.3M (revenue +4.4% year-over-year).
• 2019: Revenue of $38.0M, expenses of $38.6M, and assets of $28.7M (revenue -3.7% year-over-year).
• 2018: Revenue of $39.5M, expenses of $37.2M, and assets of $29.4M (revenue +8.5% year-over-year).
• 2017: Revenue of $36.4M, expenses of $37.2M, and assets of $26.6M (revenue +4.2% year-over-year).
• 2016: Revenue of $35.0M, expenses of $36.2M, and assets of $28.1M (revenue +0.5% year-over-year).
• 2015: Revenue of $34.8M, expenses of $35.4M, and assets of $23.9M (revenue -1.5% year-over-year).
• 2014: Revenue of $35.3M, expenses of $34.8M, and assets of $21.6M (revenue +3.2% year-over-year).
• 2013: Revenue of $34.2M, expenses of $33.5M, and assets of $20.7M (revenue +4.1% year-over-year).
• 2012: Revenue of $32.9M, expenses of $33.3M, and assets of $20.2M (revenue -3.1% year-over-year).
• 2011: Revenue of $33.9M, expenses of $33.2M, and assets of $27.3M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Wesley Health Care Center Inc:

Data Sources and Methodology

This transparency report for Wesley Health Care 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.