Wmc New York Inc
Wmc New York Inc consistently operates with liabilities exceeding assets despite stable revenues and no reported officer compensation.
EIN: 134107864 · Valhalla, NY · NTEE: E20 · Updated: 2026-03-28
Is Wmc New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wmc New York Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wmc New York Inc
Wmc New York Inc (EIN: 134107864) is a nonprofit organization based in Valhalla, NY, classified under NTEE code E20. The organization reported total revenue of $139.2M and total assets of $33.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wmc New York 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 Wmc New York Inc with a Mission Score of 70 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, Wmc New York 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% officer compensation across all available filings, which is highly unusual for an entity with annual revenues exceeding $100 million. This suggests either a fully volunteer executive leadership or that compensation is reported under different expense categories, impacting the clarity of executive remuneration.
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 Wmc New York Inc's IRS 990 filings:
- Consistent reporting of liabilities exceeding assets, indicating potential financial strain or specific operational model.
- 0% officer compensation reported across all filings, which is highly unusual for an organization of this size and could indicate a lack of transparency in executive remuneration.
Strengths
The following positive indicators were identified for Wmc New York Inc:
- Consistent revenue generation, with latest revenue at $139,240,823, demonstrating strong operational capacity.
- Stable financial operations with revenues generally exceeding expenses, indicating sound day-to-day management (e.g., 2023 revenue $124.5M vs. expenses $123.9M).
- Extensive filing history with 13 IRS 990 filings, indicating a commitment to regulatory compliance and transparency in reporting.
Frequently Asked Questions about Wmc New York Inc
Is Wmc New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wmc New York Inc (EIN: 134107864) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Wmc New York Inc spend its money?
Wmc New York Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wmc New York Inc tax-deductible?
Wmc New York Inc is registered as a tax-exempt nonprofit (EIN: 134107864). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why do liabilities consistently exceed assets for Wmc New York Inc?
The consistent reporting of liabilities exceeding assets (e.g., $42,536,587 in liabilities vs. $34,253,798 in assets in 2023) suggests a potential reliance on debt financing or specific accounting practices common in hospital systems, which could impact long-term financial flexibility.
How does Wmc New York Inc manage executive compensation if 0% is reported?
The 0% officer compensation reported across all filings is highly unusual for an organization of this scale. It raises questions about whether executive compensation is genuinely absent, paid by a related entity, or categorized under other expense lines, which would affect the transparency of leadership costs.
What is the primary source of Wmc New York Inc's revenue?
Given its NTEE code E20 (Hospitals), it is highly probable that the primary source of revenue for Wmc New York Inc is patient service revenue, including reimbursements from insurance, Medicare, and Medicaid, as well as direct patient payments.
Filing History
IRS 990 filing history for Wmc New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wmc New York Inc's revenue has grown by 6959%, moving from $1.8M to $124.6M. Total assets increased by 16794.8% over the same period, from $203K to $34.3M. Total functional expenses rose by 6924.7%, from $1.8M to $124.0M. In its most recent filing year (2023), Wmc New York Inc reported a surplus of $604K, with revenue exceeding expenses. The organization holds $42.5M in liabilities against $34.3M in assets (debt-to-asset ratio: 124.2%), resulting in net assets of $-8,282,789.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $124.6M | $124.0M | $34.3M | $42.5M | — | — |
| 2022 | $112.4M | $111.9M | $42.8M | $44.6M | — | View 990 |
| 2021 | $127.2M | $126.2M | $75.4M | $77.3M | — | View 990 |
| 2020 | $140.2M | $139.8M | $40.6M | $43.9M | — | View 990 |
| 2019 | $148.6M | $149.0M | $35.1M | $38.9M | — | View 990 |
| 2018 | $160.4M | $161.1M | $45.1M | $48.5M | — | View 990 |
| 2017 | $163.6M | $163.2M | $42.0M | $44.6M | — | View 990 |
| 2016 | $142.7M | $142.0M | $42.9M | $45.9M | — | View 990 |
| 2015 | $128.5M | $128.8M | $46.0M | $49.8M | — | View 990 |
| 2014 | $58.4M | $61.8M | $6.2M | $9.7M | — | View 990 |
| 2013 | $3.1M | $3.1M | $374K | $374K | — | View 990 |
| 2012 | $2.5M | $2.5M | $317K | $317K | — | View 990 |
| 2011 | $1.8M | $1.8M | $203K | $203K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $124.6M, expenses of $124.0M, and assets of $34.3M (revenue +10.8% year-over-year).
- 2022: Revenue of $112.4M, expenses of $111.9M, and assets of $42.8M (revenue -11.6% year-over-year).
- 2021: Revenue of $127.2M, expenses of $126.2M, and assets of $75.4M (revenue -9.3% year-over-year).
- 2020: Revenue of $140.2M, expenses of $139.8M, and assets of $40.6M (revenue -5.6% year-over-year).
- 2019: Revenue of $148.6M, expenses of $149.0M, and assets of $35.1M (revenue -7.4% year-over-year).
- 2018: Revenue of $160.4M, expenses of $161.1M, and assets of $45.1M (revenue -1.9% year-over-year).
- 2017: Revenue of $163.6M, expenses of $163.2M, and assets of $42.0M (revenue +14.7% year-over-year).
- 2016: Revenue of $142.7M, expenses of $142.0M, and assets of $42.9M (revenue +11.0% year-over-year).
- 2015: Revenue of $128.5M, expenses of $128.8M, and assets of $46.0M (revenue +120.1% year-over-year).
- 2014: Revenue of $58.4M, expenses of $61.8M, and assets of $6.2M (revenue +1809.7% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.1M, and assets of $374K (revenue +20.9% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.5M, and assets of $317K (revenue +43.2% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $203K.
Data Sources and Methodology
This transparency report for Wmc New York 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.