Healthcare Association Of New York State Inc
Healthcare Association Of New York State Inc maintains strong asset growth despite consistent operating deficits.
EIN: 141405826 · Rensselaer, NY · NTEE: E21Z · Updated: 2026-03-28
Is Healthcare Association Of New York State Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healthcare Association Of New York State Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthcare Association Of New York State Inc
Healthcare Association Of New York State Inc (EIN: 141405826) is a nonprofit organization based in Rensselaer, NY, classified under NTEE code E21Z. The organization reported total revenue of $17.1M and total assets of $55.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthcare Association Of New York State Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthcare Association Of New York State Inc is a large nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.5M |
| Total Expenses | $17.7M |
| Surplus / Deficit | $-1,277,948 |
| Total Assets | $51.3M |
| Total Liabilities | $6.9M |
| Net Assets | $44.4M |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 34.7 months |
Financial Health Grade: B
In 2023, Healthcare Association Of New York State Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 34.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Healthcare Association Of New York State Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | +6.5% | +4.0% |
| 2022 | -13.2% | -17.0% | +1.7% |
| 2021 | +7.6% | +4.7% | +3.4% |
| 2020 | -14.2% | -10.5% | +5.2% |
| 2019 | +1.2% | +1.3% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1958 |
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 Healthcare Association Of New York State Inc with a Mission Score of 78 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: 80%
- fundraising: 5%
According to IRS 990 filings, Healthcare Association Of New York State Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with annual expenses exceeding $16 million. This suggests that compensation for key officers might be reported under other expense categories or that the organization's structure minimizes direct officer salaries, which could be a positive for resource allocation.
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 Healthcare Association Of New York State Inc's IRS 990 filings:
- Consistent operating deficits: The organization has reported expenses exceeding revenue in most recent years (e.g., $17.7 million expenses vs. $16.4 million revenue in 2023).
- Unusual 0% officer compensation reporting: While potentially positive, it's uncommon for an organization with over $16 million in annual expenses to report no officer compensation, which could obscure actual executive pay structures.
Strengths
The following positive indicators were identified for Healthcare Association Of New York State Inc:
- Strong and growing asset base: Total assets have consistently increased, from $31.9 million in 2014 to $51.3 million in 2023, indicating robust financial reserves.
- Consistent revenue generation: The organization consistently generates over $16 million in revenue annually, demonstrating a stable funding stream.
- Extensive filing history: 13 years of IRS 990 filings provide a comprehensive and transparent financial record.
Frequently Asked Questions about Healthcare Association Of New York State Inc
Is Healthcare Association Of New York State Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthcare Association Of New York State Inc (EIN: 141405826) some concerns. Mission Score: 78/100. 2 red flags identified, 3 strengths noted.
How does Healthcare Association Of New York State Inc spend its money?
Healthcare Association Of New York State Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Healthcare Association Of New York State Inc tax-deductible?
Healthcare Association Of New York State Inc is registered as a tax-exempt nonprofit (EIN: 141405826). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Healthcare Association Of New York State Inc financially stable?
Yes, the organization appears financially stable. Despite experiencing operating deficits in recent years (e.g., $1.27 million in 2023), its total assets have consistently grown, reaching $51.3 million in 2023, providing a strong financial buffer.
How does HANYS manage executive compensation?
All available IRS 990 filings report 0% for officer compensation. This is highly unusual for an organization of its size and suggests that executive compensation may be structured differently or reported under other expense categories, warranting further investigation for full transparency.
What is the trend in HANYS's financial performance?
HANYS has consistently generated revenues between $16 million and $20 million annually. While it has frequently operated with deficits (expenses exceeding revenue), its asset base has shown steady growth from $31.9 million in 2014 to $51.3 million in 2023, indicating long-term financial health despite short-term operational losses.
Filing History
IRS 990 filing history for Healthcare Association Of New York State Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthcare Association Of New York State Inc's revenue has grown by 39%, moving from $11.8M to $16.5M. Total assets increased by 141.8% over the same period, from $21.2M to $51.3M. Total functional expenses rose by 45.8%, from $12.2M to $17.7M. In its most recent filing year (2023), Healthcare Association Of New York State Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $6.9M in liabilities against $51.3M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $44.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.5M | $17.7M | $51.3M | $6.9M | — | — |
| 2022 | $16.2M | $16.7M | $49.3M | $7.1M | — | View 990 |
| 2021 | $18.7M | $20.1M | $48.5M | $6.0M | — | View 990 |
| 2020 | $17.4M | $19.2M | $46.9M | $6.1M | — | View 990 |
| 2019 | $20.2M | $21.4M | $44.6M | $6.1M | — | — |
| 2018 | $20.0M | $21.1M | $41.5M | $6.2M | — | View 990 |
| 2017 | $18.8M | $19.5M | $38.7M | $5.7M | — | View 990 |
| 2016 | $16.6M | $18.9M | $34.0M | $5.2M | — | View 990 |
| 2015 | $13.1M | $15.2M | $33.9M | $6.7M | — | View 990 |
| 2014 | $16.4M | $17.8M | $32.0M | $6.0M | — | View 990 |
| 2013 | $16.6M | $18.8M | $31.3M | $5.6M | — | View 990 |
| 2012 | $17.5M | $16.8M | $31.0M | $6.7M | — | View 990 |
| 2011 | $11.8M | $12.2M | $21.2M | $7.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.5M, expenses of $17.7M, and assets of $51.3M (revenue +1.5% year-over-year).
- 2022: Revenue of $16.2M, expenses of $16.7M, and assets of $49.3M (revenue -13.2% year-over-year).
- 2021: Revenue of $18.7M, expenses of $20.1M, and assets of $48.5M (revenue +7.6% year-over-year).
- 2020: Revenue of $17.4M, expenses of $19.2M, and assets of $46.9M (revenue -14.2% year-over-year).
- 2019: Revenue of $20.2M, expenses of $21.4M, and assets of $44.6M (revenue +1.2% year-over-year).
- 2018: Revenue of $20.0M, expenses of $21.1M, and assets of $41.5M (revenue +6.6% year-over-year).
- 2017: Revenue of $18.8M, expenses of $19.5M, and assets of $38.7M (revenue +13.1% year-over-year).
- 2016: Revenue of $16.6M, expenses of $18.9M, and assets of $34.0M (revenue +26.6% year-over-year).
- 2015: Revenue of $13.1M, expenses of $15.2M, and assets of $33.9M (revenue -20.3% year-over-year).
- 2014: Revenue of $16.4M, expenses of $17.8M, and assets of $32.0M (revenue -1.2% year-over-year).
- 2013: Revenue of $16.6M, expenses of $18.8M, and assets of $31.3M (revenue -4.9% year-over-year).
- 2012: Revenue of $17.5M, expenses of $16.8M, and assets of $31.0M (revenue +47.8% year-over-year).
- 2011: Revenue of $11.8M, expenses of $12.2M, and assets of $21.2M.
Data Sources and Methodology
This transparency report for Healthcare Association Of New York State Inc 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.