Health Current

Health Current experiences significant revenue fluctuations and a 2023 operating deficit, with liabilities exceeding assets.

EIN: 208381131 · Phoenix, AZ · NTEE: E60 · Updated: 2026-03-28

$28.1MRevenue

$3.3MAssets

80/100Mission Score (Excellent)

E60

About Health Current

Health Current (EIN: 208381131) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code E60. The organization reported total revenue of $28.1M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Current's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Health Current demonstrates a fluctuating but generally strong financial position, with significant revenue growth over the past decade. In 2023, the organization reported $25,608,800 in revenue against $29,117,695 in expenses, indicating a deficit for that year. However, this follows a period of substantial surplus in 2021 where revenue of $33,338,747 significantly outpaced expenses of $19,045,074. The organization's assets have also shown considerable growth, peaking at $23,747,319 in 2021 before decreasing to $3,490,397 in 2023, while liabilities have seen a notable increase in 2023 to $5,461,341, exceeding assets. This suggests a need to monitor the balance sheet more closely.

The organization's spending efficiency appears to be strong, with a consistent pattern of zero officer compensation reported across all available filings, which is a positive indicator for resource allocation directly to mission-related activities. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation suggests a commitment to minimizing overhead in that area. The significant increase in liabilities in 2023, however, warrants further investigation to understand its nature and potential impact on future financial stability.

Overall, Health Current exhibits a dynamic financial profile with periods of robust growth and substantial assets, alongside recent challenges in managing expenses relative to revenue and an increase in liabilities. The consistent reporting of zero officer compensation is a strong point for transparency and efficiency. Further analysis of the detailed 990 forms would be beneficial to understand the specific drivers of the 2023 deficit and liability increase, as well as the precise allocation of expenses across programs, administration, and fundraising.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Health Current with a Mission Score of 80 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 Current 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

Health Current consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing resources towards its mission rather than executive salaries, which is highly commendable for an organization of its size.

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 Current's IRS 990 filings:

Liabilities ($5,461,341) exceeded assets ($3,490,397) in 2023, indicating potential solvency concerns.
Operating deficit of $3,508,895 in 2023 (Expenses $29,117,695 vs. Revenue $25,608,800).
Significant decrease in assets from $23,747,319 in 2021 to $3,490,397 in 2023 without clear explanation in the summary data.

Strengths

The following positive indicators were identified for Health Current:

Consistent reporting of 0% officer compensation across all filings, demonstrating strong commitment to mission-focused spending.
Significant revenue growth over the past decade, from $3,055,862 in 2015 to $25,608,800 in 2023 (excluding 2021 peak).
History of strong financial performance with substantial surpluses in multiple years (e.g., 2021: $14,293,673 surplus).

Frequently Asked Questions about Health Current

What caused the significant increase in liabilities to $5,461,341 in 2023, especially when assets were $3,490,397?

The provided data does not specify the nature of these liabilities. A detailed review of the 2023 IRS 990 filing, particularly Part X (Balance Sheet), would be necessary to identify the specific types of liabilities (e.g., accounts payable, grants payable, debt) and understand their implications for the organization's financial health.

How does Health Current plan to address the operating deficit of $3,508,895 in 2023 (Expenses $29,117,695 - Revenue $25,608,800)?

The provided data does not include management's plans. This deficit could be a one-time event or indicate a trend. Future filings and financial statements would need to be reviewed to see if the organization has implemented strategies to increase revenue or reduce expenses to achieve financial sustainability.

What led to the substantial decrease in assets from $23,747,319 in 2021 to $3,490,397 in 2023?

The data does not provide specific reasons for this asset reduction. It could be due to significant capital expenditures, investment losses, or the use of accumulated reserves to fund operations or specific projects. A detailed analysis of the asset section of the 990 forms for those years would be required.

Filing History

IRS 990 filing history for Health Current showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Health Current's revenue has grown by 761.9%, moving from $3.0M to $25.6M. Total assets increased by 628.4% over the same period, from $479K to $3.5M. Total functional expenses rose by 903.3%, from $2.9M to $29.1M. In its most recent filing year (2023), Health Current reported a deficit of $3.5M, with expenses exceeding revenue. The organization holds $5.5M in liabilities against $3.5M in assets (debt-to-asset ratio: 156.5%), resulting in net assets of $-1,970,944.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$25.6M	$29.1M	$3.5M	$5.5M	—	—
2022	$23.7M	$25.4M	$1.8M	$265K	—	—
2021	$33.3M	$19.0M	$23.7M	$442K	—	View 990
2020	$16.9M	$12.9M	$15.4M	$1.4M	—	—
2019	$15.3M	$13.8M	$11.0M	$1.1M	—	View 990
2018	$15.7M	$13.2M	$10.4M	$1.9M	—	View 990
2017	$14.3M	$12.1M	$8.1M	$2.2M	—	View 990
2016	$12.3M	$9.2M	$5.1M	$1.4M	—	View 990
2015	$3.1M	$2.8M	$2.6M	$451K	—	View 990
2014	$3.2M	$3.0M	$2.1M	$265K	—	View 990
2013	$4.5M	$4.3M	$904K	$581K	—	View 990
2012	$3.9M	$3.9M	$549K	$428K	—	View 990
2011	$3.0M	$2.9M	$479K	$405K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $25.6M, expenses of $29.1M, and assets of $3.5M (revenue +8.3% year-over-year).
2022: Revenue of $23.7M, expenses of $25.4M, and assets of $1.8M (revenue -29.1% year-over-year).
2021: Revenue of $33.3M, expenses of $19.0M, and assets of $23.7M (revenue +96.9% year-over-year).
2020: Revenue of $16.9M, expenses of $12.9M, and assets of $15.4M (revenue +10.8% year-over-year).
2019: Revenue of $15.3M, expenses of $13.8M, and assets of $11.0M (revenue -2.5% year-over-year).
2018: Revenue of $15.7M, expenses of $13.2M, and assets of $10.4M (revenue +9.3% year-over-year).
2017: Revenue of $14.3M, expenses of $12.1M, and assets of $8.1M (revenue +16.8% year-over-year).
2016: Revenue of $12.3M, expenses of $9.2M, and assets of $5.1M (revenue +301.8% year-over-year).
2015: Revenue of $3.1M, expenses of $2.8M, and assets of $2.6M (revenue -4.2% year-over-year).
2014: Revenue of $3.2M, expenses of $3.0M, and assets of $2.1M (revenue -28.7% year-over-year).
2013: Revenue of $4.5M, expenses of $4.3M, and assets of $904K (revenue +14.7% year-over-year).
2012: Revenue of $3.9M, expenses of $3.9M, and assets of $549K (revenue +31.2% year-over-year).
2011: Revenue of $3.0M, expenses of $2.9M, and assets of $479K.

Data Sources and Methodology

This transparency report for Health Current 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.