Health Care Transformation Task Force Inc
EIN: 611765045 · Washington, DC · NTEE: E19
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Net Assets | $-80,058 |
Is Health Care Transformation Task Force 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 Transformation Task Force Inc
Health Care Transformation Task Force Inc (EIN: 611765045) is a nonprofit organization based in Washington, DC, classified under NTEE code E19. The organization reported total revenue of $1.1M and total assets of $193K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Care Transformation Task Force Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Care Transformation Task Force Inc is a mid-size nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $971K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-258,624 |
| Total Assets | $169K |
| Total Liabilities | $249K |
| Net Assets | $-80,058 |
| Operating Margin | -26.6% |
| Debt-to-Asset Ratio | 147.4% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2023, Health Care Transformation Task Force Inc reported a deficit of $259K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 147.4% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), Health Care Transformation Task Force Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.6% | +0.8% | -43.2% |
| 2022 | +9.2% | +4.4% | -4.5% |
| 2021 | -1.9% | -11.7% | +5.8% |
| 2020 | -8.5% | -3.7% | +9.6% |
| 2019 | +16.4% | +5.0% | +4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Health Care Transformation Task Force 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 Transformation Task Force 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 $259K, with expenses exceeding revenue.
- Debt-to-asset ratio: 147.4%.
Frequently Asked Questions about Health Care Transformation Task Force Inc
Is Health Care Transformation Task Force Inc a legitimate charity?
Health Care Transformation Task Force Inc (EIN: 611765045) is a registered tax-exempt nonprofit based in Washington DC. It has 9 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: D.
How does Health Care Transformation Task Force Inc spend its money?
Health Care Transformation Task Force Inc reported $1.1M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Health Care Transformation Task Force Inc tax-deductible?
Health Care Transformation Task Force Inc is registered as a tax-exempt nonprofit (EIN: 611765045). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Health Care Transformation Task Force Inc located?
Health Care Transformation Task Force Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 611765045. It is classified under NTEE code E19.
How many years of IRS 990 filings does Health Care Transformation Task Force Inc have?
Health Care Transformation Task Force Inc has 9 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Health Care Transformation Task Force Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Health Care Transformation Task Force Inc's revenue has grown by 6.9%, moving from $909K to $971K. Total assets decreased by 67.8% over the same period, from $525K to $169K. Total functional expenses rose by 94.7%, from $631K to $1.2M. In its most recent filing year (2023), Health Care Transformation Task Force Inc reported a deficit of $259K, with expenses exceeding revenue. The organization holds $249K in liabilities against $169K in assets (debt-to-asset ratio: 147.4%), resulting in net assets of $-80,058.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $971K | $1.2M | $169K | $249K | — | — |
| 2022 | $1.4M | $1.2M | $297K | $119K | — | — |
| 2021 | $1.2M | $1.2M | $312K | $273K | — | View 990 |
| 2020 | $1.3M | $1.3M | $294K | $333K | — | — |
| 2019 | $1.4M | $1.4M | $269K | $254K | — | View 990 |
| 2018 | $1.2M | $1.3M | $257K | $256K | — | View 990 |
| 2017 | $1.1M | $1.3M | $520K | $403K | — | View 990 |
| 2016 | $1.1M | $1.1M | $379K | $63K | — | View 990 |
| 2015 | $909K | $631K | $525K | $248K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $971K, expenses of $1.2M, and assets of $169K (revenue -28.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.2M, and assets of $297K (revenue +9.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $312K (revenue -1.9% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $294K (revenue -8.5% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $269K (revenue +16.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $257K (revenue +13.3% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.3M, and assets of $520K (revenue -8.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $379K (revenue +26.0% year-over-year).
- 2015: Revenue of $909K, expenses of $631K, and assets of $525K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Care Transformation Task Force Inc:
Data Sources and Methodology
This transparency report for Health Care Transformation Task Force 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.