Hbs Health Industry Alumni Association Inc

Hbs Health Industry Alumni Association Inc operates with volunteer leadership and consistent revenue, though experienced a deficit in 2023.

EIN: 113508999 · Sudbury, MA · NTEE: Y03 · Updated: 2026-03-28

$277KRevenue

$385KAssets

85/100Mission Score (Excellent)

Y03

About Hbs Health Industry Alumni Association Inc

Hbs Health Industry Alumni Association Inc (EIN: 113508999) is a nonprofit organization based in Sudbury, MA, classified under NTEE code Y03. The organization reported total revenue of $277K and total assets of $385K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hbs Health Industry Alumni Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Hbs Health Industry Alumni Association Inc demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2022, revenue was $226,863 against expenses of $215,910, indicating a slight surplus. However, the most recent filing for 2023 shows expenses ($249,120) exceeding revenue ($235,725), resulting in a deficit for that period. The organization maintains a healthy asset base, with assets consistently higher than liabilities, such as $418,828 in assets versus $30,000 in liabilities in 2023, suggesting good financial stability.

The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This indicates that the leadership is likely volunteer-based, which significantly reduces administrative overhead. While a detailed breakdown of program versus administrative spending isn't provided in the summary data, the absence of paid executive compensation is a positive indicator for efficient use of funds. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to transparency.

Overall, the Hbs Health Industry Alumni Association Inc appears to be a financially stable organization, effectively managing its resources with a strong emphasis on volunteer leadership. The recent deficit in 2023 warrants monitoring, but the overall trend and asset position suggest it is well-positioned to continue its operations. The lack of officer compensation is a significant strength in terms of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hbs Health Industry Alumni Association Inc with a Mission Score of 85 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, Hbs Health Industry Alumni Association 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with revenues typically around $200,000-$300,000.

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 Hbs Health Industry Alumni Association Inc's IRS 990 filings:

Expenses exceeded revenue in the most recent 2023 filing period, resulting in a deficit.

Strengths

The following positive indicators were identified for Hbs Health Industry Alumni Association Inc:

Consistent 0% officer compensation across all filings, indicating volunteer leadership and high efficiency.
Healthy asset base consistently exceeding liabilities, demonstrating financial stability (e.g., $418,828 assets vs. $30,000 liabilities in 2023).
Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.
Stable revenue streams over the past decade, generally in the $200,000-$300,000 range.

Frequently Asked Questions about Hbs Health Industry Alumni Association Inc

Is Hbs Health Industry Alumni Association Inc a good charity?

Based on the available data, the Hbs Health Industry Alumni Association Inc appears to be a well-managed organization. It consistently files its IRS 990s, maintains a healthy asset-to-liability ratio, and notably, reports 0% officer compensation, suggesting a strong volunteer commitment and efficient use of funds. The recent 2023 deficit should be noted, but overall financial health seems robust.

How does the organization's financial health compare year-over-year?

The organization generally maintains stable revenues and expenses, typically in the $200,000-$300,000 range. While most years show a slight surplus or break-even, the 2023 period reported a deficit with expenses ($249,120) exceeding revenue ($235,725). Assets have fluctuated but remain strong, such as $418,828 in 2023, consistently exceeding liabilities.

What is the significance of 0% officer compensation?

0% officer compensation is a significant strength, indicating that the organization's leadership is unpaid and likely volunteer-driven. This means a greater proportion of the organization's revenue can be directed towards its programs and operational costs rather than executive salaries, enhancing spending efficiency.

Filing History

IRS 990 filing history for Hbs Health Industry Alumni Association Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hbs Health Industry Alumni Association Inc's revenue has grown by 39.3%, moving from $169K to $236K. Total assets increased by 192.2% over the same period, from $143K to $419K. Total functional expenses rose by 13%, from $221K to $249K. In its most recent filing year (2023), Hbs Health Industry Alumni Association Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $30 in liabilities against $419K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $419K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$236K	$249K	$419K	$30	—	View 990
2022	$227K	$216K	$466K	$34K	—	—
2021	$225K	$156K	$469K	$47K	—	View 990
2020	$143K	$139K	$375K	$24K	—	—
2019	$264K	$219K	$443K	$95K	—	View 990
2018	$270K	$226K	$303K	$188	—	View 990
2017	$296K	$239K	$258K	$268	—	View 990
2016	$278K	$236K	$209K	$8K	—	View 990
2015	$217K	$217K	$159K	$266	—	View 990
2014	$226K	$226K	$162K	$4K	—	View 990
2013	$208K	$214K	$255K	$97K	—	View 990
2012	$286K	$262K	$171K	$7K	—	View 990
2011	$169K	$221K	$143K	$2K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $236K, expenses of $249K, and assets of $419K (revenue +3.9% year-over-year).
2022: Revenue of $227K, expenses of $216K, and assets of $466K (revenue +0.6% year-over-year).
2021: Revenue of $225K, expenses of $156K, and assets of $469K (revenue +57.3% year-over-year).
2020: Revenue of $143K, expenses of $139K, and assets of $375K (revenue -45.7% year-over-year).
2019: Revenue of $264K, expenses of $219K, and assets of $443K (revenue -2.3% year-over-year).
2018: Revenue of $270K, expenses of $226K, and assets of $303K (revenue -8.7% year-over-year).
2017: Revenue of $296K, expenses of $239K, and assets of $258K (revenue +6.5% year-over-year).
2016: Revenue of $278K, expenses of $236K, and assets of $209K (revenue +27.9% year-over-year).
2015: Revenue of $217K, expenses of $217K, and assets of $159K (revenue -3.6% year-over-year).
2014: Revenue of $226K, expenses of $226K, and assets of $162K (revenue +8.6% year-over-year).
2013: Revenue of $208K, expenses of $214K, and assets of $255K (revenue -27.3% year-over-year).
2012: Revenue of $286K, expenses of $262K, and assets of $171K (revenue +69.0% year-over-year).
2011: Revenue of $169K, expenses of $221K, and assets of $143K.

Data Sources and Methodology

This transparency report for Hbs Health Industry Alumni Association 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.