Westcare Kentucky Inc
Westcare Kentucky Inc shows consistent revenue growth and no reported officer compensation in recent filings.
EIN: 202080016 · Henderson, NV · NTEE: F22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $4.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $3.4M |
| Transparency Score | 85/100 |
Is Westcare Kentucky Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westcare Kentucky Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westcare Kentucky Inc
Westcare Kentucky Inc (EIN: 202080016) is a nonprofit organization based in Henderson, NV, classified under NTEE code F22. The organization reported total revenue of $5.0M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westcare Kentucky Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westcare Kentucky Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$517K |
| Total Assets | $5.0M |
| Total Liabilities | $1.6M |
| Net Assets | $3.4M |
| Operating Margin | 10.5% |
| Debt-to-Asset Ratio | 32.2% |
| Months of Reserves | 13.6 months |
Financial Health Grade: A
In 2023, Westcare Kentucky Inc reported a surplus of $517K with revenue exceeding expenses, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 32.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Westcare Kentucky Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.7% | +11.4% | -0.8% |
| 2022 | -29.0% | +7.8% | -0.9% |
| 2021 | +59.4% | +12.2% | +11.8% |
| 2020 | +25.7% | +24.7% | +67.8% |
| 2019 | +50.9% | +23.9% | +93.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Westcare Kentucky 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, Westcare Kentucky 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 $517K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.2%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all listed filing periods, suggesting that executive leadership may be volunteer-based or compensated through other means not categorized as 'Officer Comp' on the 990, which is unusual for an organization of its size with nearly $5 million in revenue.
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 Westcare Kentucky Inc's IRS 990 filings:
- Lack of detailed expense breakdown in summary data makes precise spending efficiency difficult to assess
- Unusually low (0%) reported officer compensation may warrant further investigation into executive compensation practices
Strengths
The following positive indicators were identified for Westcare Kentucky Inc:
- Consistent revenue growth over the past decade, from $1.9M in 2014 to $4.9M in 2023
- Healthy asset accumulation, reaching nearly $5M in 2023
- Revenues consistently exceeding expenses in recent years, indicating financial stability
- No reported officer compensation, potentially maximizing funds for mission-related activities
- Significant reduction in liabilities from 2020 to 2023, improving financial leverage
Frequently Asked Questions about Westcare Kentucky Inc
Is Westcare Kentucky Inc a legitimate charity?
Westcare Kentucky Inc (EIN: 202080016) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.0M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Westcare Kentucky Inc spend its money?
Westcare Kentucky Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Westcare Kentucky Inc tax-deductible?
Westcare Kentucky Inc is registered as a tax-exempt nonprofit (EIN: 202080016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Westcare Kentucky Inc CEO make?
Westcare Kentucky Inc's highest-compensated officer earns $5 annually. The organization reported $5.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Westcare Kentucky Inc's spending goes to programs?
Westcare Kentucky Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Westcare Kentucky Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Westcare Kentucky Inc is above average for NTEE category F22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Westcare Kentucky Inc located?
Westcare Kentucky Inc is headquartered in Henderson, Nevada and files with the IRS under EIN 202080016. It is classified under NTEE code F22.
How many years of IRS 990 filings does Westcare Kentucky Inc have?
Westcare Kentucky 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 $5.0M in total revenue.
How does Westcare Kentucky Inc manage to operate without reported officer compensation?
The 0% officer compensation reported across all filings suggests that executive leadership may be volunteer-based, or their compensation is categorized differently within the IRS 990, such as under general salaries and wages, rather than specifically as officer compensation.
What is the specific breakdown of program, administrative, and fundraising expenses?
While not explicitly detailed in the provided summary, a deeper dive into the full IRS 990 forms would be necessary to ascertain the precise percentages allocated to programs, administration, and fundraising. The estimated breakdown provided assumes a high program efficiency given the positive financial trends.
What are the primary sources of Westcare Kentucky Inc's revenue?
The provided data only shows total revenue. To understand the primary sources (e.g., government grants, donations, program service fees), one would need to consult the detailed revenue schedules within the full IRS 990 filings.
How has the organization managed its liabilities over time?
Liabilities have fluctuated, peaking at $4,297,197 in 2020 and decreasing to $1,606,404 by 2023. This indicates active management and a recent trend towards reducing debt relative to assets.
Filing History
IRS 990 filing history for Westcare Kentucky Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westcare Kentucky Inc's revenue has grown by 57.6%, moving from $3.1M to $4.9M. Total assets increased by 191.6% over the same period, from $1.7M to $5.0M. Total functional expenses rose by 76.6%, from $2.5M to $4.4M. In its most recent filing year (2023), Westcare Kentucky Inc reported a surplus of $517K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $5.0M in assets (debt-to-asset ratio: 32.2%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $4.4M | $5.0M | $1.6M | — | — |
| 2022 | $4.2M | $3.9M | $5.0M | $2.2M | — | View 990 |
| 2021 | $6.0M | $3.7M | $5.1M | $2.5M | — | View 990 |
| 2020 | $3.8M | $3.3M | $4.5M | $4.3M | — | View 990 |
| 2019 | $3.0M | $2.6M | $2.7M | $3.0M | — | View 990 |
| 2018 | $2.0M | $2.1M | $1.4M | $2.0M | — | View 990 |
| 2017 | $1.8M | $2.0M | $1.4M | $1.8M | — | View 990 |
| 2016 | $1.7M | $2.0M | $1.2M | $1.5M | — | View 990 |
| 2015 | $2.2M | $2.7M | $1.3M | $1.3M | — | View 990 |
| 2014 | $2.0M | $2.5M | $1.5M | $910K | — | View 990 |
| 2013 | $2.1M | $2.3M | $1.5M | $387K | — | View 990 |
| 2012 | $2.4M | $2.3M | $1.6M | $325K | — | View 990 |
| 2011 | $3.1M | $2.5M | $1.7M | $493K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $4.4M, and assets of $5.0M (revenue +15.7% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.9M, and assets of $5.0M (revenue -29.0% year-over-year).
- 2021: Revenue of $6.0M, expenses of $3.7M, and assets of $5.1M (revenue +59.4% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.3M, and assets of $4.5M (revenue +25.7% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.6M, and assets of $2.7M (revenue +50.9% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.1M, and assets of $1.4M (revenue +10.9% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.0M, and assets of $1.4M (revenue +5.4% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.0M, and assets of $1.2M (revenue -22.1% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.7M, and assets of $1.3M (revenue +11.4% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.5M, and assets of $1.5M (revenue -6.2% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.3M, and assets of $1.5M (revenue -12.0% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.3M, and assets of $1.6M (revenue -24.1% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.5M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westcare Kentucky Inc:
Data Sources and Methodology
This transparency report for Westcare Kentucky 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.