Quick charity verification for Independent Health Association Inc (EIN: 161080163)
Verdict: Independent Health Association Inc appears trustworthy
70/100Mission Score
$2.0BRevenue
$776.7MAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of 0% officer compensation, which may obscure actual executive pay.
Expenses exceeding revenue in multiple recent periods (e.g., 2023, 2021, 2015, 2014) indicating operational deficits.
Strengths
Very large scale of operations, with annual revenues consistently exceeding $1.4 billion, indicating significant reach and impact.
Substantial asset base, with assets of $840.4 million in 2023, providing financial stability.
Long history of IRS 990 filings (13 filings), suggesting consistent compliance and transparency in reporting.
Spending Breakdown
How Independent Health Association Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Independent Health Association Inc
Is Independent Health Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Health Association Inc (EIN: 161080163) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Independent Health Association Inc a good charity to donate to?
Independent Health Association Inc has a Mission Score of 70/100. Revenue: $2.0B. Assets: $776.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Independent Health Association Inc?
The Employer Identification Number (EIN) for Independent Health Association Inc is 161080163. 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 Independent Health Association Inc spend its money?
Independent Health Association Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Independent Health Association Inc's tax-exempt status?
You can verify Independent Health Association Inc's tax-exempt status using EIN 161080163 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
Independent Health Association Inc. demonstrates a consistent pattern of high revenue and expenses, indicative of a large-scale healthcare operation. Over the past decade, the organization has generally operated with revenues closely matching or slightly exceeding expenses, though some years show deficits, such as 2023 where expenses exceeded revenue by over $75 million. The organization's assets have fluctuated, reaching a high of $961 million in 2021 before declining to $840 million in 2023. The consistent reporting of 0% officer compensation across all available filings suggests that executive compensation is either not reported in this section or is structured differently, which could impact transparency regarding leadership costs. Given its substantial financial activity, further detail on program spending versus administrative and fundraising costs would enhance understanding of its spending efficiency.
The organization's financial health appears stable, managing significant revenue streams and maintaining substantial assets. However, the recent trend of expenses exceeding revenue in 2023 and 2021 warrants attention, as sustained deficits could impact long-term financial stability. The lack of reported officer compensation in the provided data makes it difficult to assess transparency in this specific area, which is a common point of scrutiny for nonprofits. Overall, while the scale of operations is clear, a deeper dive into the allocation of its vast expenditures would provide a more complete picture of its efficiency and program impact.