Ahepa 250 Iv Inc

Ahepa 250 Iv Inc consistently operates at a deficit, drawing down assets despite stable revenue.

EIN: 204556679 · Niantic, CT · NTEE: L22 · Updated: 2026-03-28

$593KRevenue

$4.6MAssets

70/100Mission Score (Good)

L22

About Ahepa 250 Iv Inc

Ahepa 250 Iv Inc (EIN: 204556679) is a nonprofit organization based in Niantic, CT, classified under NTEE code L22. The organization reported total revenue of $593K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ahepa 250 Iv Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Ahepa 250 Iv Inc, operating in Niantic, CT, appears to be a stable organization with consistent revenue streams, though it has experienced operating deficits in recent years. For example, in fiscal year 2023, the organization reported revenues of $528,775 against expenses of $636,836, resulting in a deficit of over $100,000. This trend of expenses exceeding revenue is visible across multiple years, indicating a reliance on existing assets or other funding mechanisms to cover operational costs. Despite these deficits, the organization maintains substantial assets, reported at $4,694,239 in 2023, which suggests a strong financial foundation built over time. However, the consistent decline in assets from $6,024,835 in 2014 to $4,694,239 in 2023, alongside the operating deficits, warrants closer examination to ensure long-term sustainability. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds at the executive level and suggests a volunteer-driven leadership structure, enhancing its transparency and public trust.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ahepa 250 Iv Inc with a Mission Score of 70 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Ahepa 250 Iv Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported at 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a nonprofit of its size with annual revenues around $500,000.

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 Ahepa 250 Iv Inc's IRS 990 filings:

Consistent operating deficits (e.g., $108,061 deficit in 2023)
Declining asset base over the past decade (from $6M in 2014 to $4.6M in 2023)

Strengths

The following positive indicators were identified for Ahepa 250 Iv Inc:

Zero officer compensation reported across all filings, indicating volunteer leadership.
Substantial asset base ($4,694,239 in 2023) providing financial stability despite deficits.
Consistent revenue generation over $500,000 annually.

Frequently Asked Questions about Ahepa 250 Iv Inc

Is Ahepa 250 Iv Inc a good charity?

Ahepa 250 Iv Inc demonstrates strong financial transparency with 0% officer compensation and substantial assets. However, its consistent operating deficits, where expenses exceed revenue (e.g., $636,836 expenses vs. $528,775 revenue in 2023), raise questions about long-term financial sustainability, despite its asset base.

What is the primary cause of the organization's operating deficits?

The provided data indicates that expenses consistently outpace revenue. For instance, in 2023, expenses were $636,836 while revenue was $528,775. Without a detailed breakdown of expenses, it's difficult to pinpoint the exact cause, but it suggests either insufficient fundraising or high operational costs relative to income.

How has the organization's asset base changed over time?

The organization's assets have shown a consistent decline over the past decade, from $6,024,835 in 2014 to $4,694,239 in 2023. This trend aligns with the recurring operating deficits, suggesting the organization is drawing down its reserves to cover expenses.

Filing History

IRS 990 filing history for Ahepa 250 Iv Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ahepa 250 Iv Inc's revenue has grown by 43.6%, moving from $368K to $529K. Total assets decreased by 27.8% over the same period, from $6.5M to $4.7M. Total functional expenses rose by 23.8%, from $514K to $637K. In its most recent filing year (2023), Ahepa 250 Iv Inc reported a deficit of $108K, with expenses exceeding revenue. The organization holds $89K in liabilities against $4.7M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $4.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$529K	$637K	$4.7M	$89K	—	View 990
2022	$516K	$646K	$4.8M	$108K	—	View 990
2021	$494K	$641K	$4.9M	$72K	—	View 990
2020	$486K	$628K	$5.1M	$7.0M	—	View 990
2019	$475K	$634K	$5.2M	$7.0M	—	View 990
2018	$463K	$580K	$5.4M	$7.0M	—	View 990
2017	$462K	$562K	$5.5M	$7.1M	—	View 990
2016	$466K	$598K	$5.7M	$7.1M	—	View 990
2015	$430K	$570K	$5.9M	$7.2M	—	View 990
2014	$358K	$568K	$6.0M	$7.2M	—	View 990
2013	$382K	$544K	$6.2M	$7.1M	—	View 990
2012	$373K	$526K	$6.4M	$7.2M	—	View 990
2011	$368K	$514K	$6.5M	$7.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $529K, expenses of $637K, and assets of $4.7M (revenue +2.4% year-over-year).
2022: Revenue of $516K, expenses of $646K, and assets of $4.8M (revenue +4.5% year-over-year).
2021: Revenue of $494K, expenses of $641K, and assets of $4.9M (revenue +1.6% year-over-year).
2020: Revenue of $486K, expenses of $628K, and assets of $5.1M (revenue +2.3% year-over-year).
2019: Revenue of $475K, expenses of $634K, and assets of $5.2M (revenue +2.6% year-over-year).
2018: Revenue of $463K, expenses of $580K, and assets of $5.4M (revenue +0.1% year-over-year).
2017: Revenue of $462K, expenses of $562K, and assets of $5.5M (revenue -0.8% year-over-year).
2016: Revenue of $466K, expenses of $598K, and assets of $5.7M (revenue +8.3% year-over-year).
2015: Revenue of $430K, expenses of $570K, and assets of $5.9M (revenue +20.1% year-over-year).
2014: Revenue of $358K, expenses of $568K, and assets of $6.0M (revenue -6.2% year-over-year).
2013: Revenue of $382K, expenses of $544K, and assets of $6.2M (revenue +2.3% year-over-year).
2012: Revenue of $373K, expenses of $526K, and assets of $6.4M (revenue +1.3% year-over-year).
2011: Revenue of $368K, expenses of $514K, and assets of $6.5M.

Data Sources and Methodology

This transparency report for Ahepa 250 Iv Inc 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.