Is Yourcare Health Plan Inc Legit? —…

Red Flags

Dramatic and unexplained decline in revenue from $281M in 2019 to $2.7M in 2023.
Consistent liabilities exceeding assets, indicating potential solvency issues (e.g., 2023: $66.9M liabilities vs. $64.4M assets).
Significant year-over-year fluctuations in revenue and expenses, suggesting instability.
Reporting 0% officer compensation across all filings, which is highly unusual for an organization of this size and history and may obscure true leadership costs.

Spending Breakdown

How Yourcare Health Plan Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Yourcare Health Plan Inc

Is Yourcare Health Plan Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Yourcare Health Plan Inc (EIN: 161500379) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.

Is Yourcare Health Plan Inc a good charity to donate to?

Yourcare Health Plan Inc has a Mission Score of 55/100. Revenue: $79.0M. Assets: $61.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Yourcare Health Plan Inc?

The Employer Identification Number (EIN) for Yourcare Health Plan Inc is 161500379. 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 Yourcare Health Plan Inc spend its money?

Yourcare Health Plan Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Yourcare Health Plan Inc's tax-exempt status?

You can verify Yourcare Health Plan Inc's tax-exempt status using EIN 161500379 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

Yourcare Health Plan Inc. exhibits a concerning financial trend, with recent filings showing significantly reduced revenue compared to earlier periods. For instance, revenue plummeted from $281,187,378 in 2019 to $2,770,644 in 2023. While the organization reported positive net income in 2023 ($2,770,644 revenue vs. $1,451,370 expenses), this is a stark contrast to the substantial losses incurred in 2019 ($281M revenue vs. $299M expenses) and 2022 ($2.7M revenue vs. $4.2M expenses). The organization's liabilities have consistently been high, often exceeding assets, as seen in 2023 where liabilities were $66,917,606 against assets of $64,406,810, indicating potential solvency issues. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this specific area, which is a positive sign for transparency regarding executive pay.

The dramatic fluctuations in revenue and expenses over the past few years, particularly the sharp decline in revenue, raise questions about the organization's operational stability and long-term sustainability. While the latest filing shows a positive margin, the overall trend suggests a significant downsizing or restructuring. The consistent reporting of zero officer compensation is a strong point for transparency in that specific area, but the broader financial picture warrants closer scrutiny to understand the reasons behind the revenue collapse and the strategy for future financial health. The high liabilities relative to assets also present a risk.

Is Yourcare Health Plan Inc Legit?

Verdict: Yourcare Health Plan Inc shows mixed signals