Hatzalah Of Waterbury Inc
Hatzalah Of Waterbury Inc experienced a deficit in 2023 but significantly grew its assets.
EIN: 201505320 · Waterbury, CT · NTEE: M20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $491K |
| Total Expenses | $325K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $242,097 |
| Net Assets | $67K |
| Transparency Score | 75/100 |
Is Hatzalah Of Waterbury Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hatzalah Of Waterbury Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hatzalah Of Waterbury Inc
Hatzalah Of Waterbury Inc (EIN: 201505320) is a nonprofit organization based in Waterbury, CT, classified under NTEE code M20. The organization reported total revenue of $491K and total assets of $175K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hatzalah Of Waterbury Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hatzalah Of Waterbury Inc is a small nonprofit that has been operating for 21 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $325K |
| Surplus / Deficit | $-82,957 |
| Total Assets | $78K |
| Total Liabilities | $11K |
| Net Assets | $67K |
| Operating Margin | -34.3% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 2.9 months |
Financial Health Grade: C
In 2023, Hatzalah Of Waterbury Inc reported a deficit of $83K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 13.8% (very low leverage).
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 Hatzalah Of Waterbury Inc with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, Hatzalah Of Waterbury Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.8%.
Executive Compensation Analysis
No officer compensation was reported in the 2023 filing, indicating a volunteer-led executive structure, which is commendable for an organization of its size with $242,097 in 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 Hatzalah Of Waterbury Inc's IRS 990 filings:
- Expenses ($325,054) exceeded revenue ($242,097) in 2023, indicating an operating deficit for that period.
Strengths
The following positive indicators were identified for Hatzalah Of Waterbury Inc:
- No officer compensation reported in 2023, suggesting a volunteer-driven leadership.
- Significant growth in assets from $78,130 in 2023 to $175,058 in the latest period.
- NTEE code M20 indicates a clear focus on emergency medical services, aligning with its name and likely mission.
Frequently Asked Questions about Hatzalah Of Waterbury Inc
Is Hatzalah Of Waterbury Inc a legitimate charity?
Hatzalah Of Waterbury Inc (EIN: 201505320) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. Total revenue: $491K. 1 red flag identified. 3 strengths noted. Financial health grade: C.
How does Hatzalah Of Waterbury Inc spend its money?
Hatzalah Of Waterbury Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hatzalah Of Waterbury Inc tax-deductible?
Hatzalah Of Waterbury Inc is registered as a tax-exempt nonprofit (EIN: 201505320). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hatzalah Of Waterbury Inc CEO make?
Hatzalah Of Waterbury Inc's highest-compensated officer earns $242,097 annually. The organization reported $491K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hatzalah Of Waterbury Inc's spending goes to programs?
Hatzalah Of Waterbury Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hatzalah Of Waterbury Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hatzalah Of Waterbury Inc is above average for NTEE category M20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hatzalah Of Waterbury Inc located?
Hatzalah Of Waterbury Inc is headquartered in Waterbury, Connecticut and files with the IRS under EIN 201505320. It is classified under NTEE code M20.
Is Hatzalah Of Waterbury Inc financially stable given its 2023 deficit?
While Hatzalah Of Waterbury Inc reported a deficit of $82,957 in 2023 (expenses of $325,054 against revenues of $242,097), its assets grew substantially from $78,130 in 2023 to $175,058 in the latest period. This suggests either a significant increase in donations or other income not fully reflected in the 2023 revenue figure, or successful asset acquisition, which could improve its long-term stability despite the short-term deficit.
How does the lack of officer compensation impact the organization?
The absence of reported officer compensation (0% in 2023) indicates that the organization's leadership is likely volunteer-based. This can be a strong positive, as it means more of the organization's funds can be directed towards its programs rather than administrative salaries, potentially increasing its spending efficiency and demonstrating a high level of commitment from its leaders.
Filing History
IRS 990 filing history for Hatzalah Of Waterbury Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Hatzalah Of Waterbury Inc reported a deficit of $83K, with expenses exceeding revenue. The organization holds $11K in liabilities against $78K in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $67K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $242K | $325K | $78K | $11K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hatzalah Of Waterbury Inc:
Data Sources and Methodology
This transparency report for Hatzalah Of Waterbury 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.