Health Care
(E91)
990 on File
THE JOSEPH L MORSE HEALTH CENTER INC
Financial strength (30%)
72/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$39.6M
Total Revenue
$45.3M
Total Expenses
$10.9M
Net Assets
673
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
83.4%
Fundraising Efficiency
N/A
Operating Reserve
2.89x
Liability-to-Asset
80.0%
Revenue Diversification
96.1%
Executive Compensation
$1.4M
Compared with Peers
FY 2025
Compared with 687 similar organizations
(United States, Health Care, $10M–$100M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
83.4% | 84.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.6% | 14.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.9 mo | 7.7 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
80.0% | 27.1% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
96.1% | 85.5% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-4.1% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-0.9% | 6.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-14.3% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $39.6M | $45.3M | $10.9M | 83.4% | 673 |
| 2024 | $41.3M | $45.7M | $17.5M | 82.1% | 619 |
| 2023 | $40.1M | $43.2M | $20.7M | 89.8% | 610 |
| 2022 | $32.6M | $37.9M | $22.6M | 88.1% | 650 |
| 2021 | $37.8M | $41.1M | N/A | — | 797 |
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