Hayovel Inc
Hayovel Inc. experiences significant revenue growth and maintains strong financial health with no reported officer compensation.
EIN: 204318425 · Patterson, MO · NTEE: Q31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $4.0M |
| Program Spending | 85% |
| Net Assets | $1.6M |
| Transparency Score | 90/100 |
Is Hayovel Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hayovel Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hayovel Inc
Hayovel Inc (EIN: 204318425) is a nonprofit organization based in Patterson, MO, classified under NTEE code Q31. The organization reported total revenue of $2.6M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hayovel Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hayovel Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$496K |
| Total Assets | $1.7M |
| Total Liabilities | $124K |
| Net Assets | $1.6M |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, Hayovel Inc reported a surplus of $496K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hayovel Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +222.3% | +200.5% | +47.8% |
| 2022 | +34.2% | +31.1% | +7.0% |
| 2021 | -10.8% | -19.4% | +43.6% |
| 2020 | -18.4% | +25.3% | -10.8% |
| 2019 | +3.7% | -22.5% | +105.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2007 |
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 Hayovel Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Hayovel Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $496K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.4%.
Executive Compensation Analysis
Hayovel Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a strong commitment to directing all financial resources towards its mission and operational expenses, rather than executive remuneration.
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.
Strengths
The following positive indicators were identified for Hayovel Inc:
- Significant revenue growth in the latest period (202312 revenue of $4,519,752).
- Consistent reporting of 0% officer compensation across all filings.
- Healthy surplus of revenue over expenses in most recent periods.
- Strong asset growth and low liabilities, indicating financial stability.
- Consistent IRS 990 filing history (13 filings) demonstrating transparency.
Frequently Asked Questions about Hayovel Inc
Is Hayovel Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hayovel Inc (EIN: 204318425) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Hayovel Inc spend its money?
Hayovel Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hayovel Inc tax-deductible?
Hayovel Inc is registered as a tax-exempt nonprofit (EIN: 204318425). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hayovel Inc's spending goes to programs?
Hayovel Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hayovel Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hayovel Inc is above average for NTEE category Q31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hayovel Inc located?
Hayovel Inc is headquartered in Patterson, Missouri and files with the IRS under EIN 204318425. It is classified under NTEE code Q31.
How many years of IRS 990 filings does Hayovel Inc have?
Hayovel 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 $2.6M in total revenue.
Is Hayovel Inc. a good charity?
Based on the provided data, Hayovel Inc. appears to be a good charity. It demonstrates strong financial health, significant revenue growth, and a notable commitment to its mission by reporting no officer compensation across all filings.
How has Hayovel Inc.'s revenue changed over time?
Hayovel Inc.'s revenue has shown significant growth, particularly in the latest period. It increased from $1,402,546 in 202212 to $4,519,752 in 202312, after hovering around $1-1.4 million in previous years.
What is the organization's asset-to-liability ratio?
In the latest filing (202312), Hayovel Inc. has assets of $1,677,729 and liabilities of $123,963, resulting in a strong asset-to-liability ratio of approximately 13.5:1, indicating excellent financial stability.
Filing History
IRS 990 filing history for Hayovel Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hayovel Inc's revenue has grown by 816.2%, moving from $493K to $4.5M. Total assets increased by 1923.2% over the same period, from $83K to $1.7M. Total functional expenses rose by 768.3%, from $463K to $4.0M. In its most recent filing year (2023), Hayovel Inc reported a surplus of $496K, with revenue exceeding expenses. The organization holds $124K in liabilities against $1.7M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.0M | $1.7M | $124K | — | — |
| 2022 | $1.4M | $1.3M | $1.1M | $77K | — | View 990 |
| 2021 | $1.0M | $1.0M | $1.1M | $66K | — | View 990 |
| 2020 | $1.2M | $1.3M | $738K | $67K | — | View 990 |
| 2019 | $1.4M | $1.0M | $828K | $61K | — | View 990 |
| 2018 | $1.4M | $1.3M | $404K | $62K | — | View 990 |
| 2017 | $1.4M | $1.4M | $329K | $67K | — | View 990 |
| 2016 | $1.3M | $1.1M | $447K | $118K | — | View 990 |
| 2015 | $928K | $907K | $343K | $141K | — | View 990 |
| 2014 | $1.0M | $924K | $255K | $74K | — | View 990 |
| 2013 | $592K | $560K | $101K | $16K | — | View 990 |
| 2012 | $476K | $496K | $65K | $12K | — | View 990 |
| 2011 | $493K | $463K | $83K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.0M, and assets of $1.7M (revenue +222.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $1.1M (revenue +34.2% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.0M, and assets of $1.1M (revenue -10.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $738K (revenue -18.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.0M, and assets of $828K (revenue +3.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $404K (revenue +0.7% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $329K (revenue +7.9% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.1M, and assets of $447K (revenue +37.3% year-over-year).
- 2015: Revenue of $928K, expenses of $907K, and assets of $343K (revenue -8.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $924K, and assets of $255K (revenue +72.2% year-over-year).
- 2013: Revenue of $592K, expenses of $560K, and assets of $101K (revenue +24.4% year-over-year).
- 2012: Revenue of $476K, expenses of $496K, and assets of $65K (revenue -3.6% year-over-year).
- 2011: Revenue of $493K, expenses of $463K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hayovel Inc:
Data Sources and Methodology
This transparency report for Hayovel 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.