Is Progressive Healthcare Providers Fern Park Llc Legit?
Quick charity verification for Progressive Healthcare Providers Fern Park Llc (EIN: 201018424)
Verdict: Progressive Healthcare Providers Fern Park Llc appears trustworthy
80/100Mission Score
$11.5MRevenue
$7.8MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is atypical for an organization with over $10 million in revenue and warrants further inquiry.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
Consistent operational surpluses, with revenue exceeding expenses in most periods (e.g., $10,966,788 revenue vs. $9,942,361 expenses in 2024).
Healthy growth in assets over time, from $5,552,178 in 2015 to $6,343,972 in 2024, indicating financial stability.
Stable financial history with 13 filings, suggesting consistent operations and compliance.
Spending Breakdown
How Progressive Healthcare Providers Fern Park Llc 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 Progressive Healthcare Providers Fern Park Llc
Is Progressive Healthcare Providers Fern Park Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, Progressive Healthcare Providers Fern Park Llc (EIN: 201018424) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
Is Progressive Healthcare Providers Fern Park Llc a good charity to donate to?
Progressive Healthcare Providers Fern Park Llc has a Mission Score of 80/100. Revenue: $11.5M. Assets: $7.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Progressive Healthcare Providers Fern Park Llc?
The Employer Identification Number (EIN) for Progressive Healthcare Providers Fern Park Llc is 201018424. 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 Progressive Healthcare Providers Fern Park Llc spend its money?
Progressive Healthcare Providers Fern Park Llc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Progressive Healthcare Providers Fern Park Llc's tax-exempt status?
You can verify Progressive Healthcare Providers Fern Park Llc's tax-exempt status using EIN 201018424 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
Progressive Healthcare Providers Fern Park Llc demonstrates consistent financial operations with revenues generally exceeding expenses, indicating a stable financial position. For the period ending February 2024, the organization reported revenues of $10,966,788 against expenses of $9,942,361, resulting in a surplus. This trend of positive net income is observed in most recent years, contributing to a healthy growth in assets from $5,552,178 in 2015 to $6,343,972 in 2024. The organization's liabilities have also shown some fluctuation but remain manageable relative to its assets.
The absence of reported officer compensation across all available filings suggests that the organization either operates with entirely volunteer leadership or compensates its leadership through mechanisms not categorized as 'officer compensation' on the 990, which could warrant further investigation for complete transparency. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency. However, the consistent operational surpluses suggest effective management of overall costs.
Overall, Progressive Healthcare Providers Fern Park Llc appears to be in sound financial health, with a history of generating more revenue than expenses. The lack of reported officer compensation is a notable point for transparency, and a more granular expense breakdown would enhance the assessment of its spending efficiency and program focus.