Health Association Of Niagara County Inc

Health Association Of Niagara County Inc consistently grows assets and reduces liabilities with no reported officer compensation.

EIN: 160743206 · Niagara Falls, NY · NTEE: P81Z · Updated: 2026-03-28

$6.0MRevenue

$7.3MAssets

88/100Mission Score (Excellent)

P81Z

About Health Association Of Niagara County Inc

Health Association Of Niagara County Inc (EIN: 160743206) is a nonprofit organization based in Niagara Falls, NY, classified under NTEE code P81Z. The organization reported total revenue of $6.0M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Association Of Niagara County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Health Association Of Niagara County Inc (HANCI) demonstrates consistent financial health with a positive net income trend over the past decade. In the latest filing (202312), the organization reported revenues of $4,083,563 against expenses of $3,499,772, resulting in a surplus. Assets have shown steady growth, increasing from $3,687,667 in 2014 to $6,671,939 in 2023, indicating sound financial management and accumulation of resources. Liabilities have also seen a significant reduction, from $2,174,925 in 2014 to $557,165 in 2023, which is a strong indicator of improved financial stability and reduced debt burden.

The organization's spending efficiency appears robust, with expenses consistently lower than revenues, allowing for asset growth. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests that the organization is managing its resources effectively to support its mission. The absence of reported officer compensation across all filings is a notable aspect of its financial practices, suggesting that executive leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which could contribute to higher program spending efficiency.

Transparency is generally good, with consistent IRS 990 filings available over a long period. The detailed financial data provided allows for a clear understanding of revenue, expenses, assets, and liabilities. The lack of reported officer compensation in the provided data, while potentially positive for efficiency, could warrant further investigation into how executive leadership is compensated to ensure full transparency regarding all forms of remuneration.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Health Association Of Niagara County Inc with a Mission Score of 88 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 Association Of Niagara County 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

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $4 million. This suggests either a volunteer executive leadership structure or that executive compensation is reported under other expense categories, warranting further scrutiny for complete transparency.

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 Health Association Of Niagara County Inc's IRS 990 filings:

Unusually low (0%) reported officer compensation across all filings, which may obscure actual executive remuneration if categorized elsewhere.

Strengths

The following positive indicators were identified for Health Association Of Niagara County Inc:

Consistent positive net income, with revenues exceeding expenses in all reported periods.
Significant and steady growth in assets, from $3.69M in 2014 to $6.67M in 2023.
Substantial reduction in liabilities, from $2.17M in 2014 to $0.56M in 2023, indicating improved financial health.
Strong financial reserves, with assets significantly outweighing liabilities.
Long history of consistent IRS 990 filings, demonstrating transparency.

Frequently Asked Questions about Health Association Of Niagara County Inc

Is Health Association Of Niagara County Inc a good charity?

Based on the provided financial data, HANCI appears to be a financially sound and well-managed charity. It consistently generates surpluses, grows its assets, and significantly reduces liabilities, indicating strong financial health and sustainability. The absence of reported officer compensation is a unique characteristic that could imply high efficiency in resource allocation.

How has HANCI's financial stability changed over the last decade?

HANCI's financial stability has significantly improved over the last decade. Assets have nearly doubled from $3,687,667 in 2014 to $6,671,939 in 2023, while liabilities have decreased dramatically from $2,174,925 to $557,165 in the same period. This trend indicates robust financial management and a strong balance sheet.

What is the significance of 0% officer compensation?

The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's top leadership may be entirely volunteer-based, or that their compensation is categorized differently (e.g., as staff salaries rather than officer compensation), or that the provided summary data omits this detail. If truly volunteer-led, it would contribute to very high program efficiency.

Filing History

IRS 990 filing history for Health Association Of Niagara County Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Health Association Of Niagara County Inc's revenue has declined by 0.4%, moving from $4.1M to $4.1M. Total assets increased by 53.3% over the same period, from $4.4M to $6.7M. Total functional expenses fell by 9.9%, from $3.9M to $3.5M. In its most recent filing year (2023), Health Association Of Niagara County Inc reported a surplus of $584K, with revenue exceeding expenses. The organization holds $557K in liabilities against $6.7M in assets (debt-to-asset ratio: 8.4%), resulting in net assets of $6.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.1M	$3.5M	$6.7M	$557K	—	—
2022	$4.0M	$3.6M	$6.0M	$568K	—	—
2021	$4.8M	$4.0M	$5.8M	$763K	—	View 990
2020	$4.9M	$4.2M	$5.3M	$1.0M	—	—
2019	$4.8M	$4.3M	$5.0M	$1.3M	—	View 990
2018	$5.1M	$4.6M	$4.8M	$1.6M	—	View 990
2017	$4.9M	$4.5M	$4.7M	$2.0M	—	View 990
2016	$4.8M	$4.2M	$4.2M	$1.9M	—	View 990
2015	$4.1M	$4.0M	$3.9M	$2.2M	—	View 990
2014	$3.7M	$3.5M	$3.7M	$2.2M	—	View 990
2012	$3.9M	$3.7M	$3.6M	$2.6M	—	View 990
2011	$4.1M	$3.9M	$4.4M	$3.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.1M, expenses of $3.5M, and assets of $6.7M (revenue +2.3% year-over-year).
2022: Revenue of $4.0M, expenses of $3.6M, and assets of $6.0M (revenue -16.0% year-over-year).
2021: Revenue of $4.8M, expenses of $4.0M, and assets of $5.8M (revenue -2.3% year-over-year).
2020: Revenue of $4.9M, expenses of $4.2M, and assets of $5.3M (revenue +1.7% year-over-year).
2019: Revenue of $4.8M, expenses of $4.3M, and assets of $5.0M (revenue -5.4% year-over-year).
2018: Revenue of $5.1M, expenses of $4.6M, and assets of $4.8M (revenue +3.2% year-over-year).
2017: Revenue of $4.9M, expenses of $4.5M, and assets of $4.7M (revenue +2.6% year-over-year).
2016: Revenue of $4.8M, expenses of $4.2M, and assets of $4.2M (revenue +15.2% year-over-year).
2015: Revenue of $4.1M, expenses of $4.0M, and assets of $3.9M (revenue +11.1% year-over-year).
2014: Revenue of $3.7M, expenses of $3.5M, and assets of $3.7M (revenue -3.5% year-over-year).
2012: Revenue of $3.9M, expenses of $3.7M, and assets of $3.6M (revenue -5.7% year-over-year).
2011: Revenue of $4.1M, expenses of $3.9M, and assets of $4.4M.

Data Sources and Methodology

This transparency report for Health Association Of Niagara County 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.