Is Safety Net Hospital Alliance Of Florida Inc Legit?
Quick charity verification for Safety Net Hospital Alliance Of Florida Inc (EIN: 202672504)
Verdict: Safety Net Hospital Alliance Of Florida Inc appears trustworthy
85/100Mission Score
$3.5MRevenue
$1.0MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment challenging.
Consistent 0% officer compensation is unusual for an organization of this size and could indicate reporting complexities or that compensation is embedded elsewhere.
Strengths
Consistent revenue growth over the past decade, from $2,326,906 in 201408 to $3,344,055 in 202308.
Healthy asset growth, nearly doubling from $479,003 in 201408 to $921,592 in 202308.
Low liabilities relative to assets, indicating strong financial solvency (e.g., $302,192 liabilities vs. $921,592 assets in 202308).
Consistent reporting of 0% officer compensation, suggesting a high dedication of funds to mission or other operational costs.
Long and consistent IRS 990 filing history (13 filings), demonstrating commitment to transparency.
Spending Breakdown
How Safety Net Hospital Alliance Of Florida 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 Safety Net Hospital Alliance Of Florida Inc
Is Safety Net Hospital Alliance Of Florida Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Safety Net Hospital Alliance Of Florida Inc (EIN: 202672504) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Safety Net Hospital Alliance Of Florida Inc a good charity to donate to?
Safety Net Hospital Alliance Of Florida Inc has a Mission Score of 85/100. Revenue: $3.5M. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Safety Net Hospital Alliance Of Florida Inc?
The Employer Identification Number (EIN) for Safety Net Hospital Alliance Of Florida Inc is 202672504. 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 Safety Net Hospital Alliance Of Florida Inc spend its money?
Safety Net Hospital Alliance Of Florida Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Safety Net Hospital Alliance Of Florida Inc's tax-exempt status?
You can verify Safety Net Hospital Alliance Of Florida Inc's tax-exempt status using EIN 202672504 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 Safety Net Hospital Alliance Of Florida Inc demonstrates consistent financial health with a steady increase in revenue and assets over the past decade. In the latest period (202308), the organization reported revenues of $3,344,055 against expenses of $3,326,985, indicating a lean operational margin. The organization's assets have grown from $479,003 in 201408 to $921,592 in 202308, showing a healthy accumulation of resources. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission, or that executive compensation is reported differently or not applicable in the provided data. This practice, if accurate, significantly enhances its spending efficiency and transparency profile.
While specific program spending ratios are not detailed in the provided data, the overall expense-to-revenue ratio is consistently high, indicating that most of the incoming funds are utilized for operations. For instance, in 202308, expenses were 99.5% of revenue. This suggests efficient use of funds without significant accumulation of unrestricted net assets, which can be a positive indicator of direct mission-related spending. The organization's financial stability, coupled with its apparent lack of executive compensation, paints a picture of a fiscally responsible entity focused on its stated purpose.
However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The consistent growth in revenue and assets, alongside minimal liabilities relative to assets (e.g., $302,192 liabilities vs. $921,592 assets in 202308), points to a well-managed financial structure. The organization's consistent filing history over 13 periods also reflects a commitment to regulatory transparency.