Health Management Services Inc Fna Visiting Nurse Health Mgmt Service
Health Management Services Inc: Declining Revenue and Asset Volatility
EIN: 222581863 · Lynn, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.2M |
| Program Spending | 75% |
| Net Assets | $-289,830 |
| Transparency Score | 65/100 |
Is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Health Management Services Inc Fna Visiting Nurse Health Mgmt Service
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service (EIN: 222581863) is a nonprofit organization based in Lynn, MA. The organization reported total revenue of $3.3M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-13,981 |
| Total Assets | $1.6M |
| Total Liabilities | $1.8M |
| Net Assets | $-289,830 |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 118.7% |
| Months of Reserves | 5.9 months |
Financial Health Grade: C
In 2023, Health Management Services Inc Fna Visiting Nurse Health Mgmt Service reported a deficit of $14K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 118.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.6% | -10.5% | +5.8% |
| 2022 | -31.5% | -32.3% | +27.4% |
| 2021 | +12.5% | +12.3% | +2.5% |
| 2020 | +44.4% | +43.5% | -58.6% |
| 2019 | -0.1% | -0.1% | +29.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Management Services Inc Fna Visiting Nurse Health Mgmt Service with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Health Management Services Inc Fna Visiting Nurse Health Mgmt Service allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 118.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that specific salary details for executives are not itemized or are included within broader expense categories, making a direct assessment difficult.
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 Management Services Inc Fna Visiting Nurse Health Mgmt Service's IRS 990 filings:
- Significant and consistent decline in revenue over the past three years, from $5,162,497 in 2021 to $3,161,393 in 2023.
- Volatile asset base, with a notable drop from $2,715,946 in 2019 to $1,152,062 in 2021, indicating potential financial instability.
- Reporting 0% compensation across all years raises questions about the transparency of executive and key employee remuneration.
Strengths
The following positive indicators were identified for Health Management Services Inc Fna Visiting Nurse Health Mgmt Service:
- Despite revenue declines, the organization has maintained a positive asset base, recovering from a low in 2021.
- The organization has a long history of operations, with filings dating back to 2016.
Frequently Asked Questions about Health Management Services Inc Fna Visiting Nurse Health Mgmt Service
Is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service a legitimate charity?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service (EIN: 222581863) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Health Management Services Inc Fna Visiting Nurse Health Mgmt Service spend its money?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Health Management Services Inc Fna Visiting Nurse Health Mgmt Service tax-deductible?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service is registered as a tax-exempt nonprofit (EIN: 222581863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's spending goes to programs?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service located?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service is headquartered in Lynn, Massachusetts and files with the IRS under EIN 222581863.
How many years of IRS 990 filings does Health Management Services Inc Fna Visiting Nurse Health Mgmt Service have?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service 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 $3.3M in total revenue.
What does Health Management Services Inc Fna Visiting Nurse Health Mgmt Service do?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service is a nonprofit organization in the Unknown sector, located in Lynn, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Health Management Services Inc Fna Visiting Nurse Health Mgmt Service have?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service reported total revenue of $3,276,572. Based on 13 IRS 990 filings on record.
What are Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's total assets?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service holds total assets of $1,810,192 as reported in IRS 990 filings.
Where is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service located?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service is based in Lynn, Massachusetts.
What is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's EIN?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's Employer Identification Number (EIN) is 222581863. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service is classified under NTEE code Unknown (Unknown).
Is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service a registered 501(c)(3)?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service appears in IRS records (EIN: 222581863). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Health Management Services Inc Fna Visiting Nurse Health Mgmt Service file IRS Form 990?
Yes, Health Management Services Inc Fna Visiting Nurse Health Mgmt Service has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's revenue in 2023?
In the 202312 filing period, Health Management Services Inc Fna Visiting Nurse Health Mgmt Service reported total revenue of $3,161,393, total expenses of $3,175,374, and net assets of $1,552,294.
Is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's revenue growing or declining?
Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's revenue is declining. Revenue went from $3,534,353 (202212) to $3,161,393 (202312), a -10.6% change. Based on 13 filings on record.
What is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's most recent 990 filing?
The most recent IRS Form 990 filing for Health Management Services Inc Fna Visiting Nurse Health Mgmt Service covers tax period 202312. It shows revenue of $3,161,393, expenses of $3,175,374, total assets of $1,552,294, and liabilities of $1,842,124.
How much does Health Management Services Inc Fna Visiting Nurse Health Mgmt Service spend on programs vs administration?
Based on IRS 990 analysis, Health Management Services Inc Fna Visiting Nurse Health Mgmt Service allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Health Management Services Inc Fna Visiting Nurse Health Mgmt Service a trustworthy charity?
Based on AI analysis of IRS 990 data, Health Management Services Inc Fna Visiting Nurse Health Mgmt Service shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Health Management Services Inc Fna Visiting Nurse Health Mgmt Service?
The following concerns were identified: Significant and consistent decline in revenue over the past three years, from $5,162,497 in 2021 to $3,161,393 in 2023.. Volatile asset base, with a notable drop from $2,715,946 in 2019 to $1,152,062 in 2021, indicating potential financial instability.. Reporting 0% compensation across all years raises questions about the transparency of executive and key employee remuneration.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's strengths?
Positive indicators for Health Management Services Inc Fna Visiting Nurse Health Mgmt Service include: Despite revenue declines, the organization has maintained a positive asset base, recovering from a low in 2021.. The organization has a long history of operations, with filings dating back to 2016.. These findings are derived from AI analysis of the organization's financial filings.
How does Health Management Services Inc Fna Visiting Nurse Health Mgmt Service compensate executives?
Executive compensation is reported as 0% across all available filings, suggesting that specific salary details for executives are not itemized or are included within broader expense categories, making a direct assessment difficult. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation, how does Health Management Services Inc. compensate its leadership, and where is this compensation reflected in the financial statements?
The filings do not provide specific details on executive compensation, reporting it as 0%. This suggests that executive salaries might be embedded within other expense categories (e.g., administrative expenses) rather than being separately itemized, or that the organization relies heavily on volunteer leadership.
What factors contributed to the substantial revenue decline from $5,162,497 in 2021 to $3,161,393 in 2023, and what strategies are in place to reverse this trend?
The provided data does not specify the reasons for the revenue decline. Potential factors could include changes in funding, reduced demand for services, or increased competition. Without further information, it's unclear what strategies, if any, are being implemented to address this.
Filing History
IRS 990 filing history for Health Management Services Inc Fna Visiting Nurse Health Mgmt Service showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Health Management Services Inc Fna Visiting Nurse Health Mgmt Service's revenue has grown by 14.3%, moving from $2.8M to $3.2M. Total assets decreased by 47.5% over the same period, from $3.0M to $1.6M. Total functional expenses rose by 9.4%, from $2.9M to $3.2M. In its most recent filing year (2023), Health Management Services Inc Fna Visiting Nurse Health Mgmt Service reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $1.6M in assets (debt-to-asset ratio: 118.7%), resulting in net assets of $-289,830.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.2M | $1.6M | $1.8M | — | — |
| 2022 | $3.5M | $3.5M | $1.5M | $1.9M | — | View 990 |
| 2021 | $5.2M | $5.2M | $1.2M | $3.3M | — | View 990 |
| 2020 | $4.6M | $4.7M | $1.1M | $8.0M | — | View 990 |
| 2019 | $3.2M | $3.3M | $2.7M | $2.9M | — | View 990 |
| 2018 | $3.2M | $3.3M | $2.1M | $2.3M | — | View 990 |
| 2017 | $3.2M | $3.3M | $2.2M | $2.5M | — | — |
| 2016 | $3.0M | $3.0M | $1.8M | $2.1M | — | View 990 |
| 2015 | $3.2M | $3.2M | $1.8M | $2.0M | — | View 990 |
| 2014 | $3.0M | $3.0M | $1.7M | $1.5M | — | View 990 |
| 2013 | $3.0M | $3.0M | $5.3M | $7.1M | — | View 990 |
| 2012 | $2.8M | $2.9M | $3.6M | $5.3M | — | View 990 |
| 2011 | $2.8M | $2.9M | $3.0M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.2M, and assets of $1.6M (revenue -10.6% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.5M, and assets of $1.5M (revenue -31.5% year-over-year).
- 2021: Revenue of $5.2M, expenses of $5.2M, and assets of $1.2M (revenue +12.5% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.7M, and assets of $1.1M (revenue +44.4% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.3M, and assets of $2.7M (revenue -0.1% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.3M, and assets of $2.1M (revenue -0.7% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.3M, and assets of $2.2M (revenue +7.8% year-over-year).
- 2016: Revenue of $3.0M, expenses of $3.0M, and assets of $1.8M (revenue -5.8% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.2M, and assets of $1.8M (revenue +4.8% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.0M, and assets of $1.7M (revenue +1.9% year-over-year).
- 2013: Revenue of $3.0M, expenses of $3.0M, and assets of $5.3M (revenue +6.1% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.9M, and assets of $3.6M (revenue +0.7% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.9M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Management Services Inc Fna Visiting Nurse Health Mgmt Service:
Data Sources and Methodology
This transparency report for Health Management Services Inc Fna Visiting Nurse Health Mgmt Service 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.