Health Care Partners Foundation Inc
EIN: 261828257 · Pueblo, CO · NTEE: E192
| Metric | Value |
|---|---|
| Total Revenue | $332K |
| Total Expenses | $788K |
| Net Assets | $-537,073 |
Is Health Care Partners Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Health Care Partners Foundation Inc
Health Care Partners Foundation Inc (EIN: 261828257) is a nonprofit organization based in Pueblo, CO, classified under NTEE code E192. The organization reported total revenue of $332K and total assets of $162K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Care Partners Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Care Partners Foundation Inc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $633K |
| Total Expenses | $788K |
| Surplus / Deficit | $-154,600 |
| Total Assets | $261K |
| Total Liabilities | $798K |
| Net Assets | $-537,073 |
| Operating Margin | -24.4% |
| Debt-to-Asset Ratio | 305.5% |
| Months of Reserves | 4.0 months |
Financial Health Grade: C
In 2023, Health Care Partners Foundation Inc reported a deficit of $155K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 305.5% (high leverage).
Financial Trends
Over 10 years of filings (2012–2023), Health Care Partners Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -6.1% | -33.3% |
| 2022 | +5.5% | +15.3% | -4.5% |
| 2021 | -36.5% | -25.1% | +825.9% |
| 2020 | -20.2% | -19.3% | -72.3% |
| 2019 | +23.9% | +39.1% | -22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Health Care Partners Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Health Care Partners Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $155K, with expenses exceeding revenue.
- Debt-to-asset ratio: 305.5%.
Frequently Asked Questions about Health Care Partners Foundation Inc
Is Health Care Partners Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Health Care Partners Foundation Inc (EIN: 261828257) insufficient data. 0 red flags identified, 0 strengths noted.
How does Health Care Partners Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Health Care Partners Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Health Care Partners Foundation Inc tax-deductible?
Health Care Partners Foundation Inc is registered as a tax-exempt nonprofit (EIN: 261828257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Health Care Partners Foundation Inc located?
Health Care Partners Foundation Inc is headquartered in Pueblo, Colorado and files with the IRS under EIN 261828257. It is classified under NTEE code E192.
How many years of IRS 990 filings does Health Care Partners Foundation Inc have?
Health Care Partners Foundation Inc has 10 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 $332K in total revenue.
Filing History
IRS 990 filing history for Health Care Partners Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Health Care Partners Foundation Inc's revenue has declined by 54.6%, moving from $1.4M to $633K. Total assets decreased by 47.1% over the same period, from $494K to $261K. Total functional expenses fell by 41.6%, from $1.3M to $788K. In its most recent filing year (2023), Health Care Partners Foundation Inc reported a deficit of $155K, with expenses exceeding revenue. The organization holds $798K in liabilities against $261K in assets (debt-to-asset ratio: 305.5%), resulting in net assets of $-537,073.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $633K | $788K | $261K | $798K | — | — |
| 2022 | $611K | $839K | $392K | $774K | — | View 990 |
| 2021 | $579K | $728K | $410K | $564K | — | View 990 |
| 2020 | $911K | $972K | $44K | $50K | — | View 990 |
| 2019 | $1.1M | $1.2M | $160K | $76K | — | View 990 |
| 2018 | $922K | $865K | $207K | $62K | — | View 990 |
| 2017 | $324K | $236K | $93K | $6K | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
| 2013 | $1.2M | $1.5M | $109K | $292K | — | View 990 |
| 2012 | $1.4M | $1.3M | $494K | $333K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $633K, expenses of $788K, and assets of $261K (revenue +3.7% year-over-year).
- 2022: Revenue of $611K, expenses of $839K, and assets of $392K (revenue +5.5% year-over-year).
- 2021: Revenue of $579K, expenses of $728K, and assets of $410K (revenue -36.5% year-over-year).
- 2020: Revenue of $911K, expenses of $972K, and assets of $44K (revenue -20.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $160K (revenue +23.9% year-over-year).
- 2018: Revenue of $922K, expenses of $865K, and assets of $207K (revenue +184.9% year-over-year).
- 2017: Revenue of $324K, expenses of $236K, and assets of $93K.
- 2014: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.5M, and assets of $109K (revenue -17.5% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $494K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Care Partners Foundation Inc:
Data Sources and Methodology
This transparency report for Health Care Partners Foundation 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.