Good Health Ideas Inc
Good Health Ideas Inc. faces inconsistent financial performance with recent deficits and declining assets.
EIN: 201510713 · Louisville, KY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $317K |
| Total Expenses | $270K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $300,000 |
| Net Assets | $85K |
| Transparency Score | 65/100 |
Is Good Health Ideas Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Good Health Ideas Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Good Health Ideas Inc
Good Health Ideas Inc (EIN: 201510713) is a nonprofit organization based in Louisville, KY. The organization reported total revenue of $317K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Health Ideas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Health Ideas Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $270K |
| Surplus / Deficit | $-89,421 |
| Total Assets | $85K |
| Total Liabilities | $580 |
| Net Assets | $85K |
| Operating Margin | -49.5% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2023, Good Health Ideas Inc reported a deficit of $89K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Good Health Ideas Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.0% | +27.4% | -51.0% |
| 2022 | +22.3% | +24.0% | +56.3% |
| 2021 | +30.3% | -17.4% | +60.0% |
| 2020 | +2.9% | +8.4% | -20.9% |
| 2019 | -12.8% | +19.5% | -19.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Good Health Ideas Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Good Health Ideas Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with over $300,000 in latest revenue.
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 Good Health Ideas Inc's IRS 990 filings:
- Inconsistent financial performance with recurring deficits (e.g., 2023: $180,697 revenue vs. $270,118 expenses).
- Significant decline in assets over the long term (from $282,049 in 2014 to $41,922 currently).
- Increase in liabilities in 2023 to $580 after several years of $0 liabilities, indicating potential short-term financial strain.
Strengths
The following positive indicators were identified for Good Health Ideas Inc:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Extensive filing history (13 filings) provides good transparency into past financial operations.
- Periods of revenue exceeding expenses (e.g., 2022: $277,784 revenue vs. $212,041 expenses) demonstrate capacity for efficient operation.
Frequently Asked Questions about Good Health Ideas Inc
Is Good Health Ideas Inc a legitimate charity?
Good Health Ideas Inc (EIN: 201510713) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $317K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Good Health Ideas Inc spend its money?
Good Health Ideas Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Good Health Ideas Inc tax-deductible?
Good Health Ideas Inc is registered as a tax-exempt nonprofit (EIN: 201510713). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Good Health Ideas Inc CEO make?
Good Health Ideas Inc's highest-compensated officer earns $300,000 annually. The organization reported $317K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Good Health Ideas Inc's spending goes to programs?
Good Health Ideas Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Good Health Ideas Inc located?
Good Health Ideas Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 201510713.
How many years of IRS 990 filings does Good Health Ideas Inc have?
Good Health Ideas 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 $317K in total revenue.
Is Good Health Ideas Inc. financially stable?
Good Health Ideas Inc. shows inconsistent financial stability. While there have been periods of surplus, the organization experienced a significant deficit in 2023 ($180,697 revenue vs. $270,118 expenses) and its assets have declined from $282,049 in 2014 to $41,922 currently, suggesting ongoing financial challenges.
How does Good Health Ideas Inc. manage executive compensation?
Good Health Ideas Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is covered by other means not reported as officer compensation.
What is the trend in the organization's assets?
The organization's assets have shown a declining trend over the long term, from a high of $282,049 in 2014 to $41,922 currently. There have been fluctuations, but the overall trajectory indicates a reduction in financial reserves.
Has Good Health Ideas Inc. consistently covered its expenses with revenue?
No, Good Health Ideas Inc. has not consistently covered its expenses with revenue. Several years, including 2023, 2020, 2019, 2017, and 2016, show expenses exceeding revenue, leading to operational deficits.
Filing History
IRS 990 filing history for Good Health Ideas Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Good Health Ideas Inc's revenue has grown by 89.5%, moving from $95K to $181K. Total assets increased by 147.9% over the same period, from $34K to $85K. Total functional expenses rose by 226.2%, from $83K to $270K. In its most recent filing year (2023), Good Health Ideas Inc reported a deficit of $89K, with expenses exceeding revenue. The organization holds $580 in liabilities against $85K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $85K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $270K | $85K | $580 | — | — |
| 2022 | $278K | $212K | $174K | $0 | — | View 990 |
| 2021 | $227K | $171K | $111K | $0 | — | View 990 |
| 2020 | $174K | $207K | $70K | $14K | — | View 990 |
| 2019 | $169K | $191K | $88K | $0 | — | View 990 |
| 2018 | $194K | $160K | $110K | $23 | — | View 990 |
| 2017 | $241K | $315K | $75K | $0 | — | View 990 |
| 2016 | $323K | $441K | $160K | $11K | — | View 990 |
| 2015 | $391K | $394K | $273K | $6K | — | View 990 |
| 2014 | $305K | $229K | $282K | $12K | — | View 990 |
| 2013 | $314K | $251K | $240K | $46K | — | View 990 |
| 2012 | $224K | $114K | $145K | $3K | — | View 990 |
| 2011 | $95K | $83K | $34K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181K, expenses of $270K, and assets of $85K (revenue -35.0% year-over-year).
- 2022: Revenue of $278K, expenses of $212K, and assets of $174K (revenue +22.3% year-over-year).
- 2021: Revenue of $227K, expenses of $171K, and assets of $111K (revenue +30.3% year-over-year).
- 2020: Revenue of $174K, expenses of $207K, and assets of $70K (revenue +2.9% year-over-year).
- 2019: Revenue of $169K, expenses of $191K, and assets of $88K (revenue -12.8% year-over-year).
- 2018: Revenue of $194K, expenses of $160K, and assets of $110K (revenue -19.6% year-over-year).
- 2017: Revenue of $241K, expenses of $315K, and assets of $75K (revenue -25.2% year-over-year).
- 2016: Revenue of $323K, expenses of $441K, and assets of $160K (revenue -17.4% year-over-year).
- 2015: Revenue of $391K, expenses of $394K, and assets of $273K (revenue +28.3% year-over-year).
- 2014: Revenue of $305K, expenses of $229K, and assets of $282K (revenue -2.9% year-over-year).
- 2013: Revenue of $314K, expenses of $251K, and assets of $240K (revenue +40.2% year-over-year).
- 2012: Revenue of $224K, expenses of $114K, and assets of $145K (revenue +134.7% year-over-year).
- 2011: Revenue of $95K, expenses of $83K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Health Ideas Inc:
Data Sources and Methodology
This transparency report for Good Health Ideas 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.