Cheshire Health Foundation
Cheshire Health Foundation shows volatile revenue but consistent 0% officer compensation over a decade.
EIN: 20202220 · Keene, NH · NTEE: E110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.4M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| Net Assets | $32.7M |
| Transparency Score | 85/100 |
Is Cheshire Health Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cheshire Health Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cheshire Health Foundation
Cheshire Health Foundation (EIN: 20202220) is a nonprofit organization based in Keene, NH, classified under NTEE code E110. The organization reported total revenue of $24.4M and total assets of $60.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cheshire Health Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cheshire Health Foundation is a large nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$7K |
| Total Assets | $34.2M |
| Total Liabilities | $1.5M |
| Net Assets | $32.7M |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 231.0 months |
Financial Health Grade: A
In 2023, Cheshire Health Foundation reported a surplus of $7K with revenue exceeding expenses, holds 231.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cheshire Health Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.0% | -48.5% | -25.5% |
| 2022 | -69.1% | -61.8% | -41.7% |
| 2021 | +3221.7% | +2667.0% | +155.5% |
| 2020 | -78.8% | -16.3% | +1.4% |
| 2019 | +29.8% | -36.1% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1944 |
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 Cheshire Health Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Cheshire Health Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for directing resources to programmatic activities.
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 Cheshire Health Foundation's IRS 990 filings:
- Significant year-over-year revenue and expense volatility, making financial forecasting challenging.
- Large fluctuations in liabilities, peaking at over $43 million in 2021, which could indicate substantial debt or complex financial arrangements.
Strengths
The following positive indicators were identified for Cheshire Health Foundation:
- Consistent 0% officer compensation across all reported periods, indicating strong financial stewardship and mission focus.
- Substantial and growing asset base, currently at nearly $60 million, providing long-term financial stability.
- Generally manages expenses below revenue, contributing to asset growth and financial health.
- Significant revenue generation capacity, as demonstrated by the $12 million in 2021 and $24 million in latest revenue.
Frequently Asked Questions about Cheshire Health Foundation
Is Cheshire Health Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cheshire Health Foundation (EIN: 20202220) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Cheshire Health Foundation spend its money?
Cheshire Health Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cheshire Health Foundation tax-deductible?
Cheshire Health Foundation is registered as a tax-exempt nonprofit (EIN: 20202220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cheshire Health Foundation's spending goes to programs?
Cheshire Health Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cheshire Health Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cheshire Health Foundation is above average for NTEE category E110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cheshire Health Foundation located?
Cheshire Health Foundation is headquartered in Keene, New Hampshire and files with the IRS under EIN 20202220. It is classified under NTEE code E110.
How many years of IRS 990 filings does Cheshire Health Foundation have?
Cheshire Health Foundation 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 $24.4M in total revenue.
Is Cheshire Health Foundation a good charity?
Based on the available data, Cheshire Health Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. While revenue and expenses fluctuate, the organization maintains substantial assets and generally manages expenses below revenue.
What caused the significant revenue increase in 2021 ($12,306,567) compared to previous years?
The provided data does not specify the exact cause, but such a large increase often results from a major capital campaign, a significant grant, or a large one-time donation. Further investigation into their 2021 990 filing would be needed to identify the specific source.
How does Cheshire Health Foundation manage its liabilities, which peaked at over $43 million in 2021?
The liabilities peaked at $43,979,619 in 2021, coinciding with the highest revenue year. This could indicate significant capital projects or investments being undertaken, potentially financed through debt or deferred revenue. By 2023, liabilities had significantly decreased to $1,500,262, suggesting effective management and repayment.
What is the typical program spending ratio for Cheshire Health Foundation?
While specific program spending ratios are not provided in the raw data, the consistent 0% officer compensation and the general trend of expenses being managed below revenue suggest a high proportion of funds are directed towards programs. A typical program spending ratio for a well-run health foundation is often above 75-80%.
What is the long-term trend of the organization's assets?
The organization's assets have shown significant growth over the decade, from $31,840,251 in 2014 to $59,999,852 currently. While there was a dip in 2020 and 2023, the overall trend indicates strong financial growth and accumulation of resources.
Filing History
IRS 990 filing history for Cheshire Health Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cheshire Health Foundation's revenue has grown by 65.8%, moving from $1.1M to $1.8M. Total assets decreased by 5.8% over the same period, from $36.3M to $34.2M. Total functional expenses rose by 5%, from $1.7M to $1.8M. In its most recent filing year (2023), Cheshire Health Foundation reported a surplus of $7K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $34.2M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $32.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.8M | $34.2M | $1.5M | — | View 990 |
| 2022 | $3.8M | $3.5M | $46.0M | $13.2M | — | View 990 |
| 2021 | $12.3M | $9.0M | $78.8M | $44.0M | — | — |
| 2020 | $370K | $327K | $30.8M | $5.7M | — | View 990 |
| 2019 | $1.7M | $391K | $30.4M | $4.2M | — | View 990 |
| 2018 | $1.3M | $612K | $29.1M | $911K | — | View 990 |
| 2017 | $2.0M | $4.8M | $27.6M | $155K | — | View 990 |
| 2016 | $1.3M | $2.0M | $26.2M | $153K | — | View 990 |
| 2015 | $2.0M | $2.1M | $32.3M | $3.6M | — | View 990 |
| 2014 | $2.0M | $1.8M | $31.8M | $4.1M | — | View 990 |
| 2013 | $1.8M | $1.8M | $28.1M | $2.8M | — | View 990 |
| 2012 | $800K | $1.3M | $37.6M | $13.2M | — | View 990 |
| 2011 | $1.1M | $1.7M | $36.3M | $12.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $34.2M (revenue -53.0% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.5M, and assets of $46.0M (revenue -69.1% year-over-year).
- 2021: Revenue of $12.3M, expenses of $9.0M, and assets of $78.8M (revenue +3221.7% year-over-year).
- 2020: Revenue of $370K, expenses of $327K, and assets of $30.8M (revenue -78.8% year-over-year).
- 2019: Revenue of $1.7M, expenses of $391K, and assets of $30.4M (revenue +29.8% year-over-year).
- 2018: Revenue of $1.3M, expenses of $612K, and assets of $29.1M (revenue -33.2% year-over-year).
- 2017: Revenue of $2.0M, expenses of $4.8M, and assets of $27.6M (revenue +55.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $2.0M, and assets of $26.2M (revenue -35.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.1M, and assets of $32.3M (revenue +0.1% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.8M, and assets of $31.8M (revenue +10.6% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $28.1M (revenue +127.8% year-over-year).
- 2012: Revenue of $800K, expenses of $1.3M, and assets of $37.6M (revenue -25.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.7M, and assets of $36.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cheshire Health Foundation:
Data Sources and Methodology
This transparency report for Cheshire Health Foundation 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.