Agma Health Fund

Agma Health Fund faces increasing liabilities and recent operating deficits despite stable asset base.

EIN: 132643045 · Middletown, NY · Updated: 2026-03-28

$20.1MRevenue

$13.8MAssets

65/100Mission Score (Good)

Is Agma Health Fund Legit?

Some Concerns

GoodFiling Consistency

GoodSpending Efficiency

GoodTransparency

4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Agma Health Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Agma Health Fund

Agma Health Fund (EIN: 132643045) is a nonprofit organization based in Middletown, NY. The organization reported total revenue of $20.1M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Agma Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Agma Health Fund demonstrates a consistent operational history with fluctuating financial performance. In the most recent filing (202308), the organization reported expenses of $15,042,766 against revenues of $11,794,472, indicating a deficit for the period. This contrasts with the prior year (202208) where revenues of $11,809,609 slightly exceeded expenses of $11,786,996. The organization's assets have remained relatively stable over the past few years, standing at $13,698,972 in 202308, but liabilities have seen a significant increase from $235,102 in 202008 to $3,334,842 in 202308, which warrants closer examination.

The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. The organization's ability to manage its growing liabilities while maintaining program delivery will be a key factor in its future financial health. While the overall asset base is substantial, the recent trend of expenses exceeding revenue and the rise in liabilities are areas for concern.

Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. However, the consistent revenue generation over many years indicates a stable funding base. The increase in liabilities, particularly in the last few years, needs to be understood in the context of the organization's operations and future plans.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Agma Health Fund with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Agma Health Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, suggesting either a fully volunteer executive team or that compensation is categorized differently, which could obscure the true cost of leadership relative to the organization's multi-million dollar revenue and asset base.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Agma Health Fund's IRS 990 filings:

Operating deficit in 202308 ($15,042,766 expenses vs. $11,794,472 revenue)
Significant increase in liabilities from $235,102 in 202008 to $3,334,842 in 202308
Consistent reporting of 0% officer compensation, which may obscure true leadership costs
Expenses frequently exceeding revenue in recent years (e.g., 202308, 202108, 202008)

Strengths

The following positive indicators were identified for Agma Health Fund:

Substantial and relatively stable asset base, with assets at $13,698,972 in 202308
Long operational history with 13 IRS 990 filings, indicating established presence
Consistent revenue generation over many years, demonstrating a stable funding stream
Significant revenue growth from $6.5M in 201508 to $11.7M in 202308

Frequently Asked Questions about Agma Health Fund

Is Agma Health Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Agma Health Fund (EIN: 132643045) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.

How does Agma Health Fund spend its money?

Agma Health Fund directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Agma Health Fund tax-deductible?

Agma Health Fund is registered as a tax-exempt nonprofit (EIN: 132643045). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Agma Health Fund experiencing financial instability due to recent operating deficits?

In the 202308 period, Agma Health Fund reported expenses of $15,042,766 against revenues of $11,794,472, resulting in an operating deficit. This follows a similar deficit in 202108 and 202008, indicating a trend where expenses have frequently outpaced revenue in recent years.

What is the reason for the significant increase in liabilities?

Liabilities have surged from $235,102 in 202008 to $3,334,842 in 202308. Without further detail from the 990 filings, the specific reasons for this substantial increase are unclear and would require a deeper dive into the organization's balance sheet.

How does Agma Health Fund sustain operations with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that either the executive leadership is entirely volunteer-based, or their compensation is reported under other expense categories, such as salaries and wages for non-officer staff, or as professional fees. This lack of explicit officer compensation makes it difficult to assess leadership cost efficiency.

Has the organization's revenue growth kept pace with its expenses?

While revenue has grown from $6,537,631 in 201508 to $11,794,472 in 202308, expenses have also increased significantly, from $6,008,338 to $15,042,766 over the same period. In the most recent filing, expenses outpaced revenue, indicating that growth in expenses has recently exceeded revenue growth.

Filing History

IRS 990 filing history for Agma Health Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Agma Health Fund's revenue has grown by 75.6%, moving from $6.7M to $11.8M. Total assets increased by 39.2% over the same period, from $9.8M to $13.7M. Total functional expenses rose by 151%, from $6.0M to $15.0M. In its most recent filing year (2023), Agma Health Fund reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $13.7M in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $10.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$11.8M	$15.0M	$13.7M	$3.3M	—	—
2022	$11.8M	$11.8M	$15.8M	$2.4M	—	View 990
2021	$8.1M	$8.4M	$16.7M	$1.2M	—	—
2020	$7.9M	$8.1M	$15.8M	$235K	—	—
2019	$7.6M	$7.5M	$15.4M	$143K	—	View 990
2018	$7.1M	$7.0M	$14.8M	$130K	—	View 990
2017	$7.3M	$6.6M	$14.9M	$277K	—	View 990
2016	$6.7M	$6.0M	$14.2M	$69K	—	View 990
2015	$6.5M	$6.0M	$13.3M	$44K	—	View 990
2014	$8.0M	$7.1M	$13.2M	$41K	—	—
2013	$7.5M	$6.4M	$12.0M	$40K	—	View 990
2012	$7.3M	$6.4M	$11.0M	$110K	—	View 990
2011	$6.7M	$6.0M	$9.8M	$95K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $11.8M, expenses of $15.0M, and assets of $13.7M (revenue -0.1% year-over-year).
2022: Revenue of $11.8M, expenses of $11.8M, and assets of $15.8M (revenue +46.3% year-over-year).
2021: Revenue of $8.1M, expenses of $8.4M, and assets of $16.7M (revenue +2.7% year-over-year).
2020: Revenue of $7.9M, expenses of $8.1M, and assets of $15.8M (revenue +3.6% year-over-year).
2019: Revenue of $7.6M, expenses of $7.5M, and assets of $15.4M (revenue +7.2% year-over-year).
2018: Revenue of $7.1M, expenses of $7.0M, and assets of $14.8M (revenue -2.6% year-over-year).
2017: Revenue of $7.3M, expenses of $6.6M, and assets of $14.9M (revenue +8.7% year-over-year).
2016: Revenue of $6.7M, expenses of $6.0M, and assets of $14.2M (revenue +2.3% year-over-year).
2015: Revenue of $6.5M, expenses of $6.0M, and assets of $13.3M (revenue -18.2% year-over-year).
2014: Revenue of $8.0M, expenses of $7.1M, and assets of $13.2M (revenue +6.1% year-over-year).
2013: Revenue of $7.5M, expenses of $6.4M, and assets of $12.0M (revenue +2.9% year-over-year).
2012: Revenue of $7.3M, expenses of $6.4M, and assets of $11.0M (revenue +9.0% year-over-year).
2011: Revenue of $6.7M, expenses of $6.0M, and assets of $9.8M.

Data Sources and Methodology

This transparency report for Agma Health Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.