Health Equity Alliance
Health Equity Alliance maintains stable revenue with no reported officer compensation, but experienced recent deficit spending.
EIN: 10441229 · Winterport, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $190K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Health Equity Alliance Form 990, Revenue, CEO Pay, and IRS Filing Signals
Health Equity Alliance is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Health Equity Alliance in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.9M and expenses of $1.8M.
Revenue and Expenses
Health Equity Alliance reported $1.9M in revenue and $1.8M in expenses, a surplus of $55K.
Executive Compensation
Top officer compensation appears as $1.8 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Health Equity Alliance Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.5M (85%) |
Across stored filings, Health Equity Alliance shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
Local and Sector Spokes
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Winterport, ME nonprofitsFollow the Money
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Donation Decision Flow
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Verify
Some Concerns. Check deductibility, filings, and red flags.
2Understand money
85% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
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Keep the Investigation Moving
Health Equity Alliance directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Health Equity Alliance
Health Equity Alliance (EIN: 10441229) is a nonprofit organization based in Winterport, ME. The organization reported total revenue of $1.9M and total assets of $816K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Equity Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Equity Alliance is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$55K |
| Total Assets | $816K |
| Total Liabilities | $626K |
| Net Assets | $190K |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 76.7% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Health Equity Alliance reported a surplus of $55K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 76.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Health Equity Alliance's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.7% | -3.4% | +98.4% |
| 2022 | -19.5% | -26.5% | +20.3% |
| 2021 | -24.2% | +15.5% | -57.3% |
| 2020 | +23.1% | +12.5% | +75.7% |
| 2019 | +24.0% | +26.2% | +82.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Equity Alliance with a Mission Score of 85 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 Equity Alliance 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 $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.7%.
Executive Compensation Analysis
Health Equity Alliance consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries. This is a strong positive indicator for a nonprofit of its size, with recent revenues around $1.8 million.
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 Equity Alliance's IRS 990 filings:
- Periods of deficit spending (e.g., 2021 and 2022 where expenses exceeded revenue)
- Significant increase in liabilities in 2023 without clear explanation in summary data
Strengths
The following positive indicators were identified for Health Equity Alliance:
- Consistent 0% officer compensation, indicating high efficiency in directing funds to mission
- Stable and growing revenue base over the past decade
- Significant increase in assets in 2023, suggesting financial growth
- Long filing history (13 filings) demonstrating consistent compliance and transparency
Frequently Asked Questions about Health Equity Alliance
Is Health Equity Alliance a legitimate charity?
Health Equity Alliance (EIN: 10441229) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Health Equity Alliance spend its money?
Health Equity Alliance directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Health Equity Alliance tax-deductible?
Health Equity Alliance is registered as a tax-exempt nonprofit (EIN: 10441229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Health Equity Alliance CEO make?
Health Equity Alliance's highest-compensated officer earns $1.8 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Health Equity Alliance's spending goes to programs?
Health Equity Alliance directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Health Equity Alliance located?
Health Equity Alliance is headquartered in Winterport, Maine and files with the IRS under EIN 10441229.
How many years of IRS 990 filings does Health Equity Alliance have?
Health Equity Alliance 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 $1.9M in total revenue.
Is Health Equity Alliance a good charity?
Based on the available data, Health Equity Alliance appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, which suggests a strong commitment to program spending. While there have been periods of deficit spending, the overall financial trend shows stability and growth in assets.
What caused the significant increase in liabilities from $353,009 in 2022 to $625,987 in 2023?
The filings indicate a substantial increase in liabilities, which could be due to various factors such as new grants with deferred revenue, increased accounts payable, or new debt. Further detail from the full 990 forms would be needed to pinpoint the exact cause.
How does the organization manage its expenses given the periods of deficit spending?
The organization experienced deficit spending in 2021 (expenses $2,540,714 vs. revenue $1,979,036) and 2022 (expenses $1,867,469 vs. revenue $1,592,731). While the 2023 period shows a surplus, these past deficits suggest the organization may draw on reserves or rely on future funding to cover operational costs during lean periods.
Filing History
IRS 990 filing history for Health Equity Alliance showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Health Equity Alliance's revenue has grown by 504.2%, moving from $308K to $1.9M. Total assets increased by 1080% over the same period, from $69K to $816K. Total functional expenses rose by 430.1%, from $340K to $1.8M. In its most recent filing year (2023), Health Equity Alliance reported a surplus of $55K, with revenue exceeding expenses. The organization holds $626K in liabilities against $816K in assets (debt-to-asset ratio: 76.7%), resulting in net assets of $190K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $816K | $626K | — | — |
| 2022 | $1.6M | $1.9M | $412K | $353K | — | View 990 |
| 2021 | $2.0M | $2.5M | $342K | $163K | — | View 990 |
| 2020 | $2.6M | $2.2M | $801K | $61K | — | — |
| 2019 | $2.1M | $2.0M | $456K | $129K | — | View 990 |
| 2018 | $1.7M | $1.5M | $250K | $90K | — | View 990 |
| 2017 | $1.1M | $1.1M | $106K | $109K | — | View 990 |
| 2016 | $1.1M | $1.1M | $189K | $170K | — | View 990 |
| 2015 | $640K | $648K | $261K | $228K | — | View 990 |
| 2014 | $436K | $452K | $112K | $71K | — | View 990 |
| 2013 | $380K | $388K | $71K | $14K | — | View 990 |
| 2012 | $295K | $289K | $90K | $25K | — | View 990 |
| 2011 | $308K | $340K | $69K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $816K (revenue +16.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.9M, and assets of $412K (revenue -19.5% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.5M, and assets of $342K (revenue -24.2% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.2M, and assets of $801K (revenue +23.1% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.0M, and assets of $456K (revenue +24.0% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.5M, and assets of $250K (revenue +53.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $106K (revenue +3.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $189K (revenue +67.4% year-over-year).
- 2015: Revenue of $640K, expenses of $648K, and assets of $261K (revenue +46.8% year-over-year).
- 2014: Revenue of $436K, expenses of $452K, and assets of $112K (revenue +14.8% year-over-year).
- 2013: Revenue of $380K, expenses of $388K, and assets of $71K (revenue +28.9% year-over-year).
- 2012: Revenue of $295K, expenses of $289K, and assets of $90K (revenue -4.1% year-over-year).
- 2011: Revenue of $308K, expenses of $340K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Equity Alliance:
Data Sources and Methodology
This transparency report for Health Equity Alliance 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.