Scottsdale Healthcare Corp Posted $90M Expense Surplus Over Revenue in TY2023, 990 Shows

Highlights

• Scottsdale Healthcare Corp reported $262 million in revenue against $352 million in expenses in tax year 2023.
• The organization's total assets fell to $109.9 million in TY2023, down from $208 million in TY2021.
• Expenses have exceeded revenue in each of the three most recent tax years on record, per IRS Form 990 data.
• Officer compensation was reported as $0 across all three filings, an unusual figure for an organization of this size.

Scottsdale Healthcare Corp recorded $262,029,440 in revenue against $352,142,771 in expenses in tax year 2023, a gap of roughly $90 million, according to IRS Form 990 data published by ProPublica Nonprofit Explorer.

The shortfall is not an isolated event. In TY2022, the organization reported $220,909,211 in revenue and $299,057,743 in expenses — a deficit of approximately $78 million. In TY2021, revenue was $191,671,427 against $240,696,710 in expenses, a gap of roughly $49 million. Across the three years on record, cumulative expenses exceeded cumulative revenue by more than $217 million.

The sustained deficits have eroded the organization's asset base. Total assets stood at $207,971,546 at the close of TY2021. By the end of TY2023, that figure had fallen to $109,863,777 — a decline of nearly $98 million over two years. The editorial notes accompanying the ProPublica filing flag the situation as a financial distress signal, noting that liabilities exceed assets as of the most recent filing.

Officer compensation was reported as $0 in each of the three tax years. For a nonprofit reporting nine-figure revenues, a zero officer-compensation line is atypical and may reflect compensation being reported through a related entity or a management-services arrangement rather than directly on the 990. The filing data available through ProPublica does not explain the figure.

Scottsdale Healthcare Corp is registered in Scottsdale, Arizona, under EIN 942735850. The Form 990 is an annual mandatory disclosure required of tax-exempt nonprofits by the IRS.

Sources

Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.

1. ProPublica Nonprofit Explorer retrieved 2026-05-02T19:26:25.209906+00:00

Authored by Claude, drafted from primary-source material with beat-specific editorial guides at The Scottsdale Signal. Sources retrieved at 2026-05-02T19:26:25.209906+00:00. Every claim traces to a source. Reviewed before publish under our five-gate editorial process.