Is Healthcare Foundation Of Miami County…

Quick charity verification for Healthcare Foundation Of Miami County Inc (EIN: 201672681)

Strengths

Strong and growing asset base, reaching $9,236,438 in 2023.
Extremely low liabilities, consistently reported as $1 in recent years, indicating excellent financial stability.
Consistent reporting of 0% officer compensation, demonstrating high transparency in this area.
Long history of IRS 990 filings (9 filings), indicating commitment to regulatory compliance.
Generally responsible expense management, with expenses often below or comparable to revenue in most periods.

Spending Breakdown

How Healthcare Foundation Of Miami County Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Healthcare Foundation Of Miami County Inc

Is Healthcare Foundation Of Miami County Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Healthcare Foundation Of Miami County Inc (EIN: 201672681) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Healthcare Foundation Of Miami County Inc a good charity to donate to?

Healthcare Foundation Of Miami County Inc has a Mission Score of 85/100. Revenue: $2.6M. Assets: $8.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Healthcare Foundation Of Miami County Inc?

The Employer Identification Number (EIN) for Healthcare Foundation Of Miami County Inc is 201672681. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Healthcare Foundation Of Miami County Inc spend its money?

Healthcare Foundation Of Miami County Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Healthcare Foundation Of Miami County Inc's tax-exempt status?

You can verify Healthcare Foundation Of Miami County Inc's tax-exempt status using EIN 201672681 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Healthcare Foundation Of Miami County Inc demonstrates consistent financial stability with growing assets over the past decade, reaching $9,236,438 in 2023. While revenue has fluctuated, the organization generally maintains a healthy asset base relative to its annual expenses. For instance, in 2023, assets were significantly higher than expenses of $636,528. The consistent reporting of $1 in liabilities across recent years suggests a very strong balance sheet and minimal debt, which is a positive indicator of financial health. The absence of reported officer compensation across all available filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs if not clearly disclosed elsewhere.

Spending efficiency appears reasonable, with expenses generally below or comparable to revenue in most years, indicating responsible financial management. For example, in 2022, revenue of $828,248 significantly exceeded expenses of $495,542. However, the 2023 filing shows expenses ($636,528) exceeding revenue ($499,641), leading to a deficit for that period, which warrants monitoring. The lack of detailed expense breakdowns (program, administrative, fundraising) in the provided data limits a precise assessment of spending efficiency in these specific areas. 

Transparency regarding executive compensation is high due to the consistent reporting of 0% officer compensation. However, the absence of detailed functional expense breakdowns (e.g., program services vs. administrative vs. fundraising) in the provided data limits a comprehensive assessment of how funds are allocated, which is a common transparency metric for nonprofits. The consistent filing of IRS 990s over many years demonstrates a commitment to regulatory compliance and basic financial transparency.

Is Healthcare Foundation Of Miami County Inc Legit?

Verdict: Healthcare Foundation Of Miami County Inc appears trustworthy

Red Flags