Is Healthcare Quality Association On Accreditation Inc Legit?
Quick charity verification for Healthcare Quality Association On Accreditation Inc (EIN: 202218810)
Verdict: Healthcare Quality Association On Accreditation Inc appears trustworthy
75/100Mission Score
$3.6MRevenue
$3.5MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is atypical for an organization of this scale and warrants further scrutiny for transparency.
Significant year-over-year revenue fluctuations, which could indicate instability in funding sources or demand for services.
Strengths
Strong asset-to-liability ratio in recent years, indicating good financial health and solvency (e.g., 2023: Assets $3.14M, Liabilities $1.64M).
Positive net income in most recent periods (e.g., $262,413 in 2023), demonstrating effective expense management.
Consistent operation over many years (13 filings), suggesting organizational resilience and established presence.
Spending Breakdown
How Healthcare Quality Association On Accreditation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Quality Association On Accreditation Inc
Is Healthcare Quality Association On Accreditation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthcare Quality Association On Accreditation Inc (EIN: 202218810) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Healthcare Quality Association On Accreditation Inc a good charity to donate to?
Healthcare Quality Association On Accreditation Inc has a Mission Score of 75/100. Revenue: $3.6M. Assets: $3.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Healthcare Quality Association On Accreditation Inc?
The Employer Identification Number (EIN) for Healthcare Quality Association On Accreditation Inc is 202218810. 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 Quality Association On Accreditation Inc spend its money?
Healthcare Quality Association On Accreditation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Healthcare Quality Association On Accreditation Inc's tax-exempt status?
You can verify Healthcare Quality Association On Accreditation Inc's tax-exempt status using EIN 202218810 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
Healthcare Quality Association On Accreditation Inc (HQAA) demonstrates a generally stable financial position, with assets consistently exceeding liabilities in recent years, indicating good solvency. For example, in 2023, assets were $3,141,163 against liabilities of $1,641,772. The organization has shown fluctuating revenue, with a peak of $5,216,945 in 2015 and a low of $1,847,372 in 2022, but has managed to maintain positive net income in most recent periods, such as $262,413 in 2023 ($2,419,329 revenue - $2,156,916 expenses). This suggests effective management of operational costs relative to income.
Spending efficiency appears reasonable, with expenses generally tracking revenue. While specific program spending percentages are not detailed in the provided summary, the consistent positive net income in recent years (2021, 2023) suggests that the organization is not overspending. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation structured in a way not captured under 'Officer Comp' on the 990, which warrants further investigation for full transparency.
Overall, HQAA appears to be a financially sound organization based on the provided data, with a healthy asset-to-liability ratio and a track record of managing expenses. The lack of reported officer compensation is a significant point for transparency, as it could either indicate a highly efficient, volunteer-driven leadership or a reporting nuance that needs clarification for a complete understanding of executive costs.