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
| Metric | Value |
|---|---|
| Total Revenue | $20.1M |
| Total Expenses | $15.0M |
| Program Spending | 70% |
| Net Assets | $10.4M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Agma Health Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Agma Health Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Agma Health Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $11.8M and expenses of $15.0M.
Revenue and Expenses
Agma Health Fund reported $11.8M in revenue and $15.0M in expenses, a deficit of $3.2M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 4 red flags, and 4 strengths are shown from structured and AI review.
Is Agma Health Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $10.5M (70%) |
Across stored filings, Agma Health Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Healthy Capital District Initiative →All New York nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Middletown, NY nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
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.
Organization Overview
Agma Health Fund is a large nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.8M |
| Total Expenses | $15.0M |
| Surplus / Deficit | $-3,248,294 |
| Total Assets | $13.7M |
| Total Liabilities | $3.3M |
| Net Assets | $10.4M |
| Operating Margin | -27.5% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 10.9 months |
Financial Health Grade: B
In 2023, Agma Health Fund reported a deficit of $3.2M with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Agma Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +27.6% | -13.1% |
| 2022 | +46.3% | +40.3% | -5.4% |
| 2021 | +2.7% | +3.2% | +5.4% |
| 2020 | +3.6% | +8.6% | +2.6% |
| 2019 | +7.2% | +6.3% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.3%.
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?
Agma Health Fund (EIN: 132643045) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $20.1M. 4 red flags identified. 4 strengths noted. Financial health grade: B.
How does Agma Health Fund spend its money?
Agma Health Fund directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
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.
What percentage of Agma Health Fund's spending goes to programs?
Agma Health Fund directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Agma Health Fund located?
Agma Health Fund is headquartered in Middletown, New York and files with the IRS under EIN 132643045.
How many years of IRS 990 filings does Agma Health Fund have?
Agma Health Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $20.1M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Agma Health Fund:
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.