Health Research Incorporated Elizabeth Wood

Health Research Incorporated Elizabeth Wood operates on a multi-billion dollar scale with zero reported officer compensation.

EIN: 141402155 · Menands, NY · NTEE: H300 · Updated: 2026-03-28

$1.8BRevenue

$845.1MAssets

85/100Mission Score (Excellent)

H300

About Health Research Incorporated Elizabeth Wood

Health Research Incorporated Elizabeth Wood (EIN: 141402155) is a nonprofit organization based in Menands, NY, classified under NTEE code H300. The organization reported total revenue of $1.8B and total assets of $845.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Research Incorporated Elizabeth Wood's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Health Research Incorporated Elizabeth Wood demonstrates a robust financial scale, with its latest reported revenue at $1,766,610,151 and assets at $845,122,734. The organization consistently reports zero officer compensation across all available filings, which is a significant indicator of transparency and potentially efficient use of funds at the executive level. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent reporting of expenses close to revenue suggests that the organization is actively deploying its funds. The substantial and growing asset base, alongside fluctuating but generally increasing revenues over the past decade, indicates a stable and expanding financial foundation.

However, the organization has experienced periods where expenses exceeded revenue, such as in 202403 ($1,143,061,495 expenses vs. $1,063,879,116 revenue) and 202103 ($1,179,274,604 expenses vs. $1,161,732,655 revenue). While not necessarily a red flag for a large organization with significant assets, consistent deficits could warrant closer examination of operational efficiency. The organization's NTEE code H300 (Medical Research) suggests a focus on program services, and the scale of its operations implies significant impact within its mission area. The absence of reported officer compensation is a strong positive for transparency and public trust.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Health Research Incorporated Elizabeth Wood 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Health Research Incorporated Elizabeth Wood allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this immense size and revenue, suggesting either a unique operational model or that compensation is structured differently and not reported under 'Officer Comp'.

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 Research Incorporated Elizabeth Wood's IRS 990 filings:

Unusually low (0%) reported officer compensation for an organization of this scale, which may obscure actual executive remuneration structures.
Periods where expenses exceed revenue, such as in 202403 and 202103, warrant closer examination of operational efficiency and financial planning.

Strengths

The following positive indicators were identified for Health Research Incorporated Elizabeth Wood:

Massive scale of operations with latest revenue at $1,766,610,151, indicating significant capacity for impact.
Consistent reporting of 0% officer compensation, suggesting strong commitment to minimizing executive overhead or unique governance.
Substantial and growing asset base, reaching $900,509,246 in 202403, providing financial stability.
Long filing history (13 filings) demonstrates consistent compliance and operational longevity.

Frequently Asked Questions about Health Research Incorporated Elizabeth Wood

How does Health Research Incorporated Elizabeth Wood manage to report 0% officer compensation given its multi-billion dollar operations?

The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It could indicate that executive leadership is compensated through other means not categorized as 'Officer Comp' on the 990, or that the organization relies heavily on volunteer leadership or a unique staffing model. Further investigation into their full 990 forms would be needed to understand this structure.

What is the primary driver of the significant year-over-year fluctuations in revenue and expenses?

Revenue and expenses show considerable variability, for example, revenue dropped from $1,331,761,397 in 202203 to $995,310,137 in 202303, then increased to $1,063,879,116 in 202403. This could be due to the nature of large-scale research grants, project cycles, or specific funding initiatives. Understanding the source of these fluctuations would provide insight into financial stability and planning.

Are the periods where expenses exceed revenue a cause for concern?

While expenses exceeded revenue in periods like 202403 and 202103, the organization maintains substantial assets (e.g., $900,509,246 in 202403). For an organization of this size, occasional deficits can be managed through reserves or planned spending. However, a consistent trend of expenses exceeding revenue without a clear strategy could indicate long-term financial strain.

Filing History

IRS 990 filing history for Health Research Incorporated Elizabeth Wood showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Health Research Incorporated Elizabeth Wood's revenue has grown by 60.2%, moving from $664.2M to $1.1B. Total assets increased by 102.6% over the same period, from $444.5M to $900.5M. Total functional expenses rose by 73.2%, from $659.9M to $1.1B. In its most recent filing year (2024), Health Research Incorporated Elizabeth Wood reported a deficit of $79.2M, with expenses exceeding revenue. The organization holds $263.2M in liabilities against $900.5M in assets (debt-to-asset ratio: 29.2%), resulting in net assets of $637.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$1.1B	$1.1B	$900.5M	$263.2M	—	View 990
2023	$995.3M	$941.0M	$875.4M	$169.7M	—	View 990
2022	$1.3B	$1.3B	$793.3M	$143.7M	—	View 990
2021	$1.2B	$1.2B	$806.6M	$196.0M	—	—
2020	$1.3B	$820.3M	$761.0M	$143.8M	—	View 990
2019	$771.2M	$758.7M	$789.8M	$675.0M	—	View 990
2018	$712.6M	$704.9M	$717.8M	$617.7M	—	View 990
2017	$690.3M	$684.0M	$697.0M	$608.4M	—	View 990
2016	$673.6M	$669.2M	$600.3M	$521.6M	—	View 990
2015	$690.4M	$671.2M	$499.8M	$424.0M	—	View 990
2014	$703.9M	$699.2M	$532.8M	$479.7M	—	View 990
2013	$666.7M	$664.1M	$497.4M	$457.8M	—	View 990
2012	$664.2M	$659.9M	$444.5M	$430.9M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $1.1B, expenses of $1.1B, and assets of $900.5M (revenue +6.9% year-over-year).
2023: Revenue of $995.3M, expenses of $941.0M, and assets of $875.4M (revenue -25.3% year-over-year).
2022: Revenue of $1.3B, expenses of $1.3B, and assets of $793.3M (revenue +14.6% year-over-year).
2021: Revenue of $1.2B, expenses of $1.2B, and assets of $806.6M (revenue -12.4% year-over-year).
2020: Revenue of $1.3B, expenses of $820.3M, and assets of $761.0M (revenue +72.0% year-over-year).
2019: Revenue of $771.2M, expenses of $758.7M, and assets of $789.8M (revenue +8.2% year-over-year).
2018: Revenue of $712.6M, expenses of $704.9M, and assets of $717.8M (revenue +3.2% year-over-year).
2017: Revenue of $690.3M, expenses of $684.0M, and assets of $697.0M (revenue +2.5% year-over-year).
2016: Revenue of $673.6M, expenses of $669.2M, and assets of $600.3M (revenue -2.4% year-over-year).
2015: Revenue of $690.4M, expenses of $671.2M, and assets of $499.8M (revenue -1.9% year-over-year).
2014: Revenue of $703.9M, expenses of $699.2M, and assets of $532.8M (revenue +5.6% year-over-year).
2013: Revenue of $666.7M, expenses of $664.1M, and assets of $497.4M (revenue +0.4% year-over-year).
2012: Revenue of $664.2M, expenses of $659.9M, and assets of $444.5M.

Data Sources and Methodology

This transparency report for Health Research Incorporated Elizabeth Wood 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.