Harnett Health System Foundation
Harnett Health System Foundation maintains strong asset growth with zero reported officer compensation.
EIN: 201929953 · Dunn, NC · NTEE: E11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $72K |
| Program Spending | 90% |
| Net Assets | $1.0M |
| Transparency Score | 92/100 |
Is Harnett Health System Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harnett Health System Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harnett Health System Foundation
Harnett Health System Foundation (EIN: 201929953) is a nonprofit organization based in Dunn, NC, classified under NTEE code E11. The organization reported total revenue of $1.2M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harnett Health System Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harnett Health System Foundation is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $204K |
| Total Expenses | $72K |
| Surplus / Deficit | +$132K |
| Total Assets | $1.1M |
| Total Liabilities | $46K |
| Net Assets | $1.0M |
| Operating Margin | 64.8% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 180.8 months |
Financial Health Grade: A
In 2022, Harnett Health System Foundation reported a surplus of $132K with revenue exceeding expenses, holds 180.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Harnett Health System Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +112.2% | -7.2% | -9.5% |
| 2021 | +19.3% | +117.7% | +11.8% |
| 2019 | -390.5% | -67.5% | -30.0% |
| 2018 | -51.5% | +108.4% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Harnett Health System Foundation with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Harnett Health System Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $132K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly favorable for a nonprofit of its size.
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 Harnett Health System Foundation's IRS 990 filings:
- Significant negative revenue reported in 2019 (-$345,816) without immediate explanation in the summary data.
Strengths
The following positive indicators were identified for Harnett Health System Foundation:
- Consistent 0% officer compensation across all reported periods, indicating high efficiency and volunteer leadership.
- Strong asset growth, reaching $2,515,107 in the latest period, demonstrating financial stability and capacity.
- Expenses consistently well below revenue in most periods, allowing for accumulation of resources for its mission.
- Healthy liabilities-to-assets ratio, with liabilities generally being a small fraction of total assets.
Frequently Asked Questions about Harnett Health System Foundation
Is Harnett Health System Foundation a legitimate charity?
Harnett Health System Foundation (EIN: 201929953) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Harnett Health System Foundation spend its money?
Harnett Health System Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Harnett Health System Foundation tax-deductible?
Harnett Health System Foundation is registered as a tax-exempt nonprofit (EIN: 201929953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Harnett Health System Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Harnett Health System Foundation is above average for NTEE category E11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harnett Health System Foundation located?
Harnett Health System Foundation is headquartered in Dunn, North Carolina and files with the IRS under EIN 201929953. It is classified under NTEE code E11.
How many years of IRS 990 filings does Harnett Health System Foundation have?
Harnett Health System Foundation has 12 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 $1.2M in total revenue.
Is Harnett Health System Foundation a good charity?
Based on the available data, Harnett Health System Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating efficient use of funds, and has shown strong asset growth over time, reaching $2,515,107 in the latest period. Its expenses are generally well below its revenue, suggesting a focus on building capacity for its mission.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently. For example, in 2022, with revenue of $204,283, expenses were only $71,817. This pattern of expenses being significantly lower than revenue is consistent across most years, allowing for asset accumulation and long-term financial health.
What caused the negative revenue in 2019?
The filing for Period 201909 shows a negative revenue of $-345,816. While the specific cause isn't detailed in the summary data, this could be due to significant investment losses, a large return of contributions, or an accounting adjustment. Despite this, the organization's assets only saw a minor decrease from $1,408,331 to $986,140, indicating resilience.
Filing History
IRS 990 filing history for Harnett Health System Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Harnett Health System Foundation's revenue has grown by 62.1%, moving from $126K to $204K. Total assets increased by 201% over the same period, from $360K to $1.1M. Total functional expenses fell by 53.1%, from $153K to $72K. In its most recent filing year (2022), Harnett Health System Foundation reported a surplus of $132K, with revenue exceeding expenses. The organization holds $46K in liabilities against $1.1M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $204K | $72K | $1.1M | $46K | — | View 990 |
| 2021 | $96K | $77K | $1.2M | $40K | — | View 990 |
| 2020 | $81K | $36K | $1.1M | $29K | — | View 990 |
| 2019 | $-345,816 | $64K | $986K | $17K | — | View 990 |
| 2018 | $119K | $196K | $1.4M | $13K | — | View 990 |
| 2017 | $245K | $94K | $1.5M | $6K | — | View 990 |
| 2016 | $119K | $27K | $1.4M | $106K | — | View 990 |
| 2015 | $661K | $126K | $1.3M | $103K | — | View 990 |
| 2014 | $334K | $173K | $784K | $154K | — | View 990 |
| 2013 | $201K | $201K | $515K | $12K | — | View 990 |
| 2012 | $257K | $184K | $433K | $0 | — | View 990 |
| 2011 | $126K | $153K | $360K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $204K, expenses of $72K, and assets of $1.1M (revenue +112.2% year-over-year).
- 2021: Revenue of $96K, expenses of $77K, and assets of $1.2M (revenue +19.3% year-over-year).
- 2020: Revenue of $81K, expenses of $36K, and assets of $1.1M.
- 2019: Revenue of $-345,816, expenses of $64K, and assets of $986K (revenue -390.5% year-over-year).
- 2018: Revenue of $119K, expenses of $196K, and assets of $1.4M (revenue -51.5% year-over-year).
- 2017: Revenue of $245K, expenses of $94K, and assets of $1.5M (revenue +106.1% year-over-year).
- 2016: Revenue of $119K, expenses of $27K, and assets of $1.4M (revenue -82.0% year-over-year).
- 2015: Revenue of $661K, expenses of $126K, and assets of $1.3M (revenue +97.9% year-over-year).
- 2014: Revenue of $334K, expenses of $173K, and assets of $784K (revenue +66.0% year-over-year).
- 2013: Revenue of $201K, expenses of $201K, and assets of $515K (revenue -21.8% year-over-year).
- 2012: Revenue of $257K, expenses of $184K, and assets of $433K (revenue +104.3% year-over-year).
- 2011: Revenue of $126K, expenses of $153K, and assets of $360K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harnett Health System Foundation:
Data Sources and Methodology
This transparency report for Harnett Health System 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.