Healey Family Foundation

Healey Family Foundation shows variable annual financial performance with no officer compensation.

EIN: 133531967 · Madison, NJ · Updated: 2026-03-28

$5.4MRevenue

$15.0MAssets

85/100Mission Score (Excellent)

About Healey Family Foundation

Healey Family Foundation (EIN: 133531967) is a nonprofit organization based in Madison, NJ. The organization reported total revenue of $5.4M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healey Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Healey Family Foundation demonstrates a fluctuating financial profile, with significant variations in revenue and expenses over the past decade. For instance, in 2023, the organization reported revenue of $1,343,123 against expenses of $7,253,329, indicating a substantial deficit for the year. This contrasts sharply with 2020, where revenue was $10,248,366 and expenses were $2,302,167, showing a strong surplus. The foundation consistently reports zero officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. However, the lack of detailed spending breakdowns (programs, admin, fundraising) in the provided data makes a precise assessment of spending efficiency challenging. The foundation's assets have generally remained robust, fluctuating between $11 million and $22 million, suggesting a stable financial base despite yearly operational variances. The consistent reporting of minimal to zero liabilities across most years also points to sound financial management regarding debt.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Healey Family Foundation 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Healey Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Healey Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries. This suggests a strong commitment to directing resources towards the foundation's mission.

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 Healey Family Foundation's IRS 990 filings:

Significant operational deficit in 2023 ($1,343,123 revenue vs. $7,253,329 expenses)
Lack of detailed spending breakdown (program, admin, fundraising) in provided data

Strengths

The following positive indicators were identified for Healey Family Foundation:

Consistent 0% officer compensation, indicating strong resource allocation to mission
Generally stable asset base despite revenue fluctuations
Minimal to zero liabilities reported across most filing periods

Frequently Asked Questions about Healey Family Foundation

Why did expenses significantly exceed revenue in 2023?

In 2023, the foundation's expenses were $7,253,329, while revenue was only $1,343,123, resulting in a substantial operational deficit. This could be due to a large grant payout, a significant investment in a new program, or a temporary dip in fundraising.

How does the foundation manage its assets given the revenue fluctuations?

Despite significant year-to-year revenue fluctuations, the foundation's assets have remained relatively stable, ranging from $11,026,715 in 2014 to $22,241,210 in 2021. This suggests effective asset management and potentially reliance on endowment income or prior year surpluses to cover operational costs during leaner revenue years.

What is the nature of the foundation's programs, given the NTEE code is unknown?

Without an NTEE code, the specific programmatic focus of the Healey Family Foundation is unclear. Further investigation into their public statements or detailed 990 schedules would be needed to understand their mission and activities.

Filing History

IRS 990 filing history for Healey Family Foundation showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), Healey Family Foundation's revenue has grown by 229.4%, moving from $408K to $1.3M. Total assets increased by 48.8% over the same period, from $10.9M to $16.2M. Total functional expenses rose by 738.2%, from $865K to $7.3M. In its most recent filing year (2023), Healey Family Foundation reported a deficit of $5.9M, with expenses exceeding revenue. The organization holds $350 in liabilities against $16.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $16.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.3M	$7.3M	$16.2M	$350	—	View 990
2022	$2.4M	$2.5M	$22.1M	$22K	—	View 990
2021	$2.5M	$2.4M	$22.2M	$1	—	View 990
2020	$10.2M	$2.3M	$22.1M	$1	—	View 990
2019	$3.5M	$2.5M	$14.2M	$1	—	—
2015	$806K	$1.5M	$15.7M	$0	—	View 990
2015	$9.5M	$4.1M	$16.4M	$0	—	View 990
2014	$163K	$2.7M	$11.0M	$0	—	View 990
2013	$-245,455	$955K	$13.5M	$0	—	View 990
2012	$5.1M	$1.3M	$14.7M	$0	—	View 990
2011	$408K	$865K	$10.9M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.3M, expenses of $7.3M, and assets of $16.2M (revenue -44.2% year-over-year).
2022: Revenue of $2.4M, expenses of $2.5M, and assets of $22.1M (revenue -5.6% year-over-year).
2021: Revenue of $2.5M, expenses of $2.4M, and assets of $22.2M (revenue -75.1% year-over-year).
2020: Revenue of $10.2M, expenses of $2.3M, and assets of $22.1M (revenue +192.5% year-over-year).
2019: Revenue of $3.5M, expenses of $2.5M, and assets of $14.2M (revenue +334.8% year-over-year).
2015: Revenue of $806K, expenses of $1.5M, and assets of $15.7M (revenue -91.5% year-over-year).
2015: Revenue of $9.5M, expenses of $4.1M, and assets of $16.4M (revenue +5725.1% year-over-year).
2014: Revenue of $163K, expenses of $2.7M, and assets of $11.0M.
2013: Revenue of $-245,455, expenses of $955K, and assets of $13.5M (revenue -104.8% year-over-year).
2012: Revenue of $5.1M, expenses of $1.3M, and assets of $14.7M (revenue +1150.0% year-over-year).
2011: Revenue of $408K, expenses of $865K, and assets of $10.9M.

Data Sources and Methodology

This transparency report for Healey Family 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.