Quick charity verification for New York Health Plan Association Inc (EIN: 141641053)
Verdict: New York Health Plan Association Inc appears trustworthy
75/100Mission Score
$2.4MRevenue
$2.4MAssets
2Red Flags
4Strengths
Red Flags
Unknown NTEE code, hindering clear understanding of mission focus.
Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into how leadership is compensated.
Strengths
Consistent revenue growth and positive net income in recent years (e.g., $264,243 surplus in 2023).
Healthy asset accumulation, reaching $2,127,584 in 2023, indicating financial stability.
Long history of IRS 990 filings (13 filings), demonstrating regulatory compliance.
Manageable liabilities relative to assets, suggesting a stable financial position.
Spending Breakdown
How New York Health Plan Association Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 New York Health Plan Association Inc
Is New York Health Plan Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Health Plan Association Inc (EIN: 141641053) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is New York Health Plan Association Inc a good charity to donate to?
New York Health Plan Association Inc has a Mission Score of 75/100. Revenue: $2.4M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Health Plan Association Inc?
The Employer Identification Number (EIN) for New York Health Plan Association Inc is 141641053. 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 New York Health Plan Association Inc spend its money?
New York Health Plan Association Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Health Plan Association Inc's tax-exempt status?
You can verify New York Health Plan Association Inc's tax-exempt status using EIN 141641053 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 New York Health Plan Association Inc. demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, leading to a healthy accumulation of assets. For instance, in 2023, revenue was $2,207,585 against expenses of $1,943,342, resulting in a surplus. The organization's assets have shown growth, reaching $2,127,584 in 2023, indicating financial stability. However, the NTEE code is unknown, which can sometimes hinder a clear understanding of its specific programmatic focus and impact. The consistent reporting of 0% officer compensation across all available filings suggests that executive compensation is either not paid to officers or is reported under different categories, which warrants further investigation for complete transparency.
Spending efficiency appears reasonable given the consistent surpluses. Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, it's challenging to precisely assess efficiency ratios. However, the consistent positive net income in recent years (e.g., $264,243 in 2023 and $275,322 in 2022) suggests effective management of resources relative to its operational scale. The organization's liabilities have fluctuated but generally remain manageable relative to its assets, indicating a stable financial position.
Transparency could be enhanced by providing a clear NTEE code and a detailed functional expense breakdown. While the absence of reported officer compensation is notable, it doesn't automatically equate to high transparency without understanding how leadership costs are accounted for. The consistent filing of IRS Form 990s over many years demonstrates a commitment to regulatory compliance, which is a positive aspect of its transparency.