Fallon Community Health Plan Inc
EIN: 237442369 · Worcester, MA · NTEE: E800
| Metric | Value |
|---|---|
| Total Revenue | $2.1B |
| Total Expenses | $1.8B |
| Net Assets | $216.1M |
Is Fallon Community Health Plan Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fallon Community Health Plan Inc
Fallon Community Health Plan Inc (EIN: 237442369) is a nonprofit organization based in Worcester, MA, classified under NTEE code E800. The organization reported total revenue of $2.1B and total assets of $671.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fallon Community Health Plan Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fallon Community Health Plan Inc is a major nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8B |
| Total Expenses | $1.8B |
| Surplus / Deficit | $-66,298,573 |
| Total Assets | $759.6M |
| Total Liabilities | $543.6M |
| Net Assets | $216.1M |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 71.6% |
| Months of Reserves | 5.0 months |
Financial Health Grade: C
In 2023, Fallon Community Health Plan Inc reported a deficit of $66.3M with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 71.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fallon Community Health Plan Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | +5.1% | +8.7% |
| 2022 | -2.0% | -1.0% | -2.0% |
| 2021 | +8.4% | +11.3% | +15.5% |
| 2020 | +4.0% | -2.4% | +33.8% |
| 2019 | +4.2% | +6.4% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fallon Community Health Plan Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fallon Community Health Plan Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 71.6%.
Frequently Asked Questions about Fallon Community Health Plan Inc
Is Fallon Community Health Plan Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fallon Community Health Plan Inc (EIN: 237442369) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fallon Community Health Plan Inc spend its money?
Detailed spending breakdown data is not yet available for Fallon Community Health Plan Inc. Check back for updated IRS 990 analysis.
Are donations to Fallon Community Health Plan Inc tax-deductible?
Fallon Community Health Plan Inc is registered as a tax-exempt nonprofit (EIN: 237442369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fallon Community Health Plan Inc located?
Fallon Community Health Plan Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 237442369. It is classified under NTEE code E800.
How many years of IRS 990 filings does Fallon Community Health Plan Inc have?
Fallon Community Health Plan Inc 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 $2.1B in total revenue.
Filing History
IRS 990 filing history for Fallon Community Health Plan Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fallon Community Health Plan Inc's revenue has grown by 58.7%, moving from $1.1B to $1.8B. Total assets increased by 98.4% over the same period, from $382.8M to $759.6M. Total functional expenses rose by 70.6%, from $1.1B to $1.8B. In its most recent filing year (2023), Fallon Community Health Plan Inc reported a deficit of $66.3M, with expenses exceeding revenue. The organization holds $543.6M in liabilities against $759.6M in assets (debt-to-asset ratio: 71.6%), resulting in net assets of $216.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8B | $1.8B | $759.6M | $543.6M | — | View 990 |
| 2022 | $1.7B | $1.7B | $698.8M | $442.0M | — | View 990 |
| 2021 | $1.8B | $1.7B | $712.9M | $407.6M | — | View 990 |
| 2020 | $1.6B | $1.6B | $617.1M | $347.7M | — | View 990 |
| 2019 | $1.6B | $1.6B | $461.2M | $282.9M | — | View 990 |
| 2018 | $1.5B | $1.5B | $430.1M | $240.7M | — | View 990 |
| 2017 | $1.2B | $1.2B | $412.0M | $217.9M | — | View 990 |
| 2016 | $1.2B | $1.2B | $373.4M | $196.1M | — | View 990 |
| 2015 | $1.1B | $1.1B | $390.9M | $199.3M | — | — |
| 2014 | $1.1B | $1.1B | $426.3M | $210.2M | — | View 990 |
| 2013 | $1.2B | $1.2B | $433.9M | $222.5M | — | View 990 |
| 2012 | $1.1B | $1.1B | $411.8M | $213.0M | — | View 990 |
| 2011 | $1.1B | $1.1B | $382.8M | $214.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8B, expenses of $1.8B, and assets of $759.6M (revenue +0.2% year-over-year).
- 2022: Revenue of $1.7B, expenses of $1.7B, and assets of $698.8M (revenue -2.0% year-over-year).
- 2021: Revenue of $1.8B, expenses of $1.7B, and assets of $712.9M (revenue +8.4% year-over-year).
- 2020: Revenue of $1.6B, expenses of $1.6B, and assets of $617.1M (revenue +4.0% year-over-year).
- 2019: Revenue of $1.6B, expenses of $1.6B, and assets of $461.2M (revenue +4.2% year-over-year).
- 2018: Revenue of $1.5B, expenses of $1.5B, and assets of $430.1M (revenue +21.8% year-over-year).
- 2017: Revenue of $1.2B, expenses of $1.2B, and assets of $412.0M (revenue +7.6% year-over-year).
- 2016: Revenue of $1.2B, expenses of $1.2B, and assets of $373.4M (revenue +6.0% year-over-year).
- 2015: Revenue of $1.1B, expenses of $1.1B, and assets of $390.9M (revenue -0.4% year-over-year).
- 2014: Revenue of $1.1B, expenses of $1.1B, and assets of $426.3M (revenue -8.7% year-over-year).
- 2013: Revenue of $1.2B, expenses of $1.2B, and assets of $433.9M (revenue +7.1% year-over-year).
- 2012: Revenue of $1.1B, expenses of $1.1B, and assets of $411.8M (revenue +1.5% year-over-year).
- 2011: Revenue of $1.1B, expenses of $1.1B, and assets of $382.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fallon Community Health Plan Inc:
Data Sources and Methodology
This transparency report for Fallon Community Health Plan 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.