Health Facilities Association Of Maryland
EIN: 520894709 · Baltimore, MD
| Metric | Value |
|---|---|
| Total Revenue | $697K |
| Total Expenses | $972K |
| Net Assets | $716K |
Is Health Facilities Association Of Maryland Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Health Facilities Association Of Maryland
Health Facilities Association Of Maryland (EIN: 520894709) is a nonprofit organization based in Baltimore, MD. The organization reported total revenue of $697K and total assets of $406K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Facilities Association Of Maryland's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Facilities Association Of Maryland is a small nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $698K |
| Total Expenses | $972K |
| Surplus / Deficit | $-274,404 |
| Total Assets | $734K |
| Total Liabilities | $18K |
| Net Assets | $716K |
| Operating Margin | -39.3% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 9.1 months |
Financial Health Grade: B
In 2023, Health Facilities Association Of Maryland reported a deficit of $274K with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Health Facilities Association Of Maryland's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.2% | -10.3% | -27.5% |
| 2022 | -2.3% | -16.1% | +11.3% |
| 2021 | -0.9% | +7.4% | -10.9% |
| 2020 | +0.3% | -9.4% | +3.4% |
| 2019 | -9.5% | -5.9% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Health Facilities Association Of Maryland 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 Facilities Association Of Maryland 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 $274K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Frequently Asked Questions about Health Facilities Association Of Maryland
Is Health Facilities Association Of Maryland a legitimate charity?
Health Facilities Association Of Maryland (EIN: 520894709) is a registered tax-exempt nonprofit based in Maryland. It has 13 years of IRS 990 filings on record. Total revenue: $697K. No red flags identified. Financial health grade: B.
How does Health Facilities Association Of Maryland spend its money?
Health Facilities Association Of Maryland reported $697K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Health Facilities Association Of Maryland tax-deductible?
Health Facilities Association Of Maryland is registered as a tax-exempt nonprofit (EIN: 520894709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Health Facilities Association Of Maryland located?
Health Facilities Association Of Maryland is headquartered in Baltimore, Maryland and files with the IRS under EIN 520894709.
How many years of IRS 990 filings does Health Facilities Association Of Maryland have?
Health Facilities Association Of Maryland 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 $697K in total revenue.
Filing History
IRS 990 filing history for Health Facilities Association Of Maryland showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Health Facilities Association Of Maryland's revenue has declined by 47.9%, moving from $1.3M to $698K. Total assets decreased by 14% over the same period, from $853K to $734K. Total functional expenses fell by 24.9%, from $1.3M to $972K. In its most recent filing year (2023), Health Facilities Association Of Maryland reported a deficit of $274K, with expenses exceeding revenue. The organization holds $18K in liabilities against $734K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $716K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $698K | $972K | $734K | $18K | — | — |
| 2022 | $1.2M | $1.1M | $1.0M | $24K | — | — |
| 2021 | $1.2M | $1.3M | $910K | $27K | — | View 990 |
| 2020 | $1.2M | $1.2M | $1.0M | $59K | — | — |
| 2019 | $1.2M | $1.3M | $987K | $59K | — | View 990 |
| 2018 | $1.4M | $1.4M | $1.1M | $39K | — | View 990 |
| 2017 | $1.4M | $1.4M | $1.2M | $66K | — | View 990 |
| 2016 | $1.4M | $1.3M | $1.2M | $88K | — | View 990 |
| 2015 | $1.5M | $1.5M | $1.0M | $41K | — | View 990 |
| 2014 | $1.4M | $1.5M | $980K | $65K | — | View 990 |
| 2013 | $1.3M | $1.3M | $962K | $72K | — | View 990 |
| 2012 | $1.2M | $1.2M | $878K | $48K | — | View 990 |
| 2011 | $1.3M | $1.3M | $853K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $698K, expenses of $972K, and assets of $734K (revenue -41.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $1.0M (revenue -2.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.3M, and assets of $910K (revenue -0.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $1.0M (revenue +0.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $987K (revenue -9.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $1.1M (revenue -2.5% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $1.2M (revenue +2.6% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $1.2M (revenue -8.1% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $1.0M (revenue +1.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $980K (revenue +10.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $962K (revenue +5.6% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $878K (revenue -6.9% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $853K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Facilities Association Of Maryland:
Data Sources and Methodology
This transparency report for Health Facilities Association Of Maryland 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.