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

$1.9MRevenue

$816KAssets

85/100Mission Score (Excellent)

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.

AI Transparency Report

Health Equity Alliance demonstrates a generally stable financial position, with recent revenue of $1,858,650 and assets of $816,367 in the 2023 fiscal year. The organization has shown consistent revenue generation over the past decade, fluctuating but generally maintaining a strong base. A notable strength is the consistent reporting of 0% officer compensation, indicating a commitment to directing funds towards its mission rather than executive salaries. However, there have been periods of deficit spending, such as in 2021 and 2022, where expenses exceeded revenue, which could impact long-term financial stability if not managed effectively. The increase in assets from $411,573 in 2022 to $816,367 in 2023, alongside a rise in liabilities from $353,009 to $625,987, suggests growth but also an increased reliance on borrowed funds or deferred revenue. The organization's transparency is high regarding executive compensation, as it consistently reports no officer compensation.

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.

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 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.	PDF
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.

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.