Health Access Network Inc
Health Access Network Inc shows consistent revenue growth and strong financial stability with no reported officer compensation.
EIN: 113650708 · Lincoln, ME · NTEE: E320 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.4M |
| Total Expenses | $12.3M |
| Program Spending | 85% |
| Net Assets | $7.9M |
| Transparency Score | 90/100 |
Is Health Access Network Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Health Access Network Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Health Access Network Inc
Health Access Network Inc (EIN: 113650708) is a nonprofit organization based in Lincoln, ME, classified under NTEE code E320. The organization reported total revenue of $14.4M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Access Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Access Network Inc is a large nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.4M |
| Total Expenses | $12.3M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $12.4M |
| Total Liabilities | $4.5M |
| Net Assets | $7.9M |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 36.1% |
| Months of Reserves | 12.1 months |
Financial Health Grade: A
In 2023, Health Access Network Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 36.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Health Access Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | +3.5% | +3.8% |
| 2022 | +9.2% | +4.6% | +16.2% |
| 2021 | -3.6% | +4.6% | +7.8% |
| 2020 | +21.7% | -2.2% | +18.9% |
| 2019 | -4.8% | +4.8% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Health Access Network 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, Health Access Network 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign, suggesting that leadership may be volunteer-based or compensated through other means, allowing a greater proportion of funds to be directed towards the organization'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.
Strengths
The following positive indicators were identified for Health Access Network Inc:
- Consistent revenue growth, from $10,717,454 in 2014 to $13,350,415 in 2023.
- Healthy financial surpluses, with expenses consistently below revenue (e.g., 2023 revenue $13,350,415 vs. expenses $12,258,416).
- Zero reported officer compensation across all filings, indicating strong commitment to mission spending.
- Growing asset base, increasing from $8,775,594 in 2014 to $12,370,951 in 2023.
- Decreasing liabilities relative to assets, improving financial stability (e.g., liabilities decreased from $7,796,271 in 2014 to $4,463,757 in 2023).
Frequently Asked Questions about Health Access Network Inc
Is Health Access Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Health Access Network Inc (EIN: 113650708) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Health Access Network Inc spend its money?
Health Access Network Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Health Access Network Inc tax-deductible?
Health Access Network Inc is registered as a tax-exempt nonprofit (EIN: 113650708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Health Access Network Inc's spending goes to programs?
Health Access Network Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Health Access Network Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Health Access Network Inc is above average for NTEE category E320 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Health Access Network Inc located?
Health Access Network Inc is headquartered in Lincoln, Maine and files with the IRS under EIN 113650708. It is classified under NTEE code E320.
How many years of IRS 990 filings does Health Access Network Inc have?
Health Access Network 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 $14.4M in total revenue.
Is Health Access Network Inc a good charity?
Based on the provided IRS 990 data, Health Access Network Inc appears to be a very good charity. It demonstrates consistent financial growth, maintains healthy surpluses, and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has Health Access Network Inc's financial health changed over the last decade?
Over the last decade, Health Access Network Inc has shown significant financial improvement. Revenue has grown from $10,717,454 in 2014 to $13,350,415 in 2023, and assets have increased from $8,775,594 to $12,370,951. The organization has consistently managed to keep expenses below revenue, building a strong financial foundation.
What is the trend in the organization's liabilities?
Liabilities have fluctuated but generally show a decreasing trend relative to assets. For example, liabilities were $7,796,271 in 2014 and decreased to $4,463,757 in 2023, while assets grew, indicating improved financial leverage and reduced debt burden.
Filing History
IRS 990 filing history for Health Access Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Health Access Network Inc's revenue has grown by 38.2%, moving from $9.7M to $13.4M. Total assets increased by 57.9% over the same period, from $7.8M to $12.4M. Total functional expenses rose by 22.5%, from $10.0M to $12.3M. In its most recent filing year (2023), Health Access Network Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $12.4M in assets (debt-to-asset ratio: 36.1%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.4M | $12.3M | $12.4M | $4.5M | — | View 990 |
| 2022 | $13.4M | $11.8M | $11.9M | $5.1M | — | View 990 |
| 2021 | $12.3M | $11.3M | $10.3M | $5.0M | — | View 990 |
| 2020 | $12.8M | $10.8M | $9.5M | $5.8M | — | — |
| 2019 | $10.5M | $11.1M | $8.0M | $6.2M | — | View 990 |
| 2018 | $11.0M | $10.6M | $8.5M | $6.1M | — | View 990 |
| 2017 | $10.4M | $10.0M | $8.2M | $6.2M | — | View 990 |
| 2016 | $10.0M | $9.6M | $8.1M | $6.5M | — | View 990 |
| 2015 | $11.1M | $10.8M | $7.7M | $6.4M | — | View 990 |
| 2014 | $10.7M | $10.4M | $8.8M | $7.8M | — | View 990 |
| 2013 | $10.7M | $11.1M | $8.3M | $7.7M | — | View 990 |
| 2012 | $10.5M | $10.2M | $9.0M | $8.0M | — | View 990 |
| 2011 | $9.7M | $10.0M | $7.8M | $7.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.4M, expenses of $12.3M, and assets of $12.4M (revenue -0.5% year-over-year).
- 2022: Revenue of $13.4M, expenses of $11.8M, and assets of $11.9M (revenue +9.2% year-over-year).
- 2021: Revenue of $12.3M, expenses of $11.3M, and assets of $10.3M (revenue -3.6% year-over-year).
- 2020: Revenue of $12.8M, expenses of $10.8M, and assets of $9.5M (revenue +21.7% year-over-year).
- 2019: Revenue of $10.5M, expenses of $11.1M, and assets of $8.0M (revenue -4.8% year-over-year).
- 2018: Revenue of $11.0M, expenses of $10.6M, and assets of $8.5M (revenue +5.9% year-over-year).
- 2017: Revenue of $10.4M, expenses of $10.0M, and assets of $8.2M (revenue +4.5% year-over-year).
- 2016: Revenue of $10.0M, expenses of $9.6M, and assets of $8.1M (revenue -10.0% year-over-year).
- 2015: Revenue of $11.1M, expenses of $10.8M, and assets of $7.7M (revenue +3.2% year-over-year).
- 2014: Revenue of $10.7M, expenses of $10.4M, and assets of $8.8M (revenue +0.4% year-over-year).
- 2013: Revenue of $10.7M, expenses of $11.1M, and assets of $8.3M (revenue +1.8% year-over-year).
- 2012: Revenue of $10.5M, expenses of $10.2M, and assets of $9.0M (revenue +8.6% year-over-year).
- 2011: Revenue of $9.7M, expenses of $10.0M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Access Network Inc:
Data Sources and Methodology
This transparency report for Health Access Network 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.