Quick charity verification for Healthfirst Family Care Center Inc (EIN: 20492976)
Verdict: Healthfirst Family Care Center Inc appears trustworthy
88/100Mission Score
$11.1MRevenue
$10.6MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is atypical for an organization of this size and warrants further investigation for transparency.
Strengths
Consistent revenue growth, from $3,029,006 in 2013 to $10,473,512 in 2023, indicating expanding capacity and reach.
Strong asset growth, from $2,232,436 in 2013 to $8,681,812 in 2023, suggesting sound financial management and reinvestment.
Positive net income consistently maintained, demonstrating financial stability and sustainability.
High proportion of expenses likely directed towards program services, typical for a healthcare provider, indicating mission focus.
Spending Breakdown
How Healthfirst Family Care Center Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Healthfirst Family Care Center Inc
Is Healthfirst Family Care Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthfirst Family Care Center Inc (EIN: 20492976) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Healthfirst Family Care Center Inc a good charity to donate to?
Healthfirst Family Care Center Inc has a Mission Score of 88/100. Revenue: $11.1M. Assets: $10.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Healthfirst Family Care Center Inc?
The Employer Identification Number (EIN) for Healthfirst Family Care Center Inc is 20492976. 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 Healthfirst Family Care Center Inc spend its money?
Healthfirst Family Care Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Healthfirst Family Care Center Inc's tax-exempt status?
You can verify Healthfirst Family Care Center Inc's tax-exempt status using EIN 20492976 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
Healthfirst Family Care Center Inc demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization has shown a steady increase in both revenue and assets, with revenue growing from $3,029,006 in 2013 to $10,473,512 in 2023. This growth indicates expanding operations and capacity to serve its mission. The organization consistently maintains a positive net income, with 2023 showing revenues of $10,473,512 against expenses of $10,159,495, contributing to its increasing asset base of $8,681,812.
Spending efficiency appears strong, as the organization consistently spends a high proportion of its revenue on program services, typical for a healthcare provider. The consistent growth in assets, from $2,232,436 in 2013 to $8,681,812 in 2023, suggests sound financial management and reinvestment into its infrastructure. The reported 0% officer compensation across all filings is a notable point regarding executive pay, indicating that top leadership may be compensated through other means or that the organization has a unique compensation structure, which warrants further investigation for full transparency.
Overall, Healthfirst Family Care Center Inc exhibits robust financial health and operational growth. Its consistent positive financial performance and asset accumulation suggest effective management. However, the lack of reported officer compensation in the 990 filings could be a point for deeper inquiry to fully understand executive remuneration practices and ensure complete transparency.