Healthcare Foundation Of Miami County Inc
Healthcare Foundation Of Miami County Inc maintains strong assets but experienced a deficit in its latest fiscal year.
EIN: 201672681 · Peru, IN · NTEE: E70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $637K |
| Program Spending | 75% |
| Net Assets | $9.2M |
| Transparency Score | 85/100 |
Is Healthcare Foundation Of Miami County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healthcare Foundation Of Miami County Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthcare Foundation Of Miami County Inc
Healthcare Foundation Of Miami County Inc (EIN: 201672681) is a nonprofit organization based in Peru, IN, classified under NTEE code E70. The organization reported total revenue of $2.6M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthcare Foundation Of Miami County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthcare Foundation Of Miami County Inc is a mid-size nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $500K |
| Total Expenses | $637K |
| Surplus / Deficit | $-136,887 |
| Total Assets | $9.2M |
| Total Liabilities | $1 |
| Net Assets | $9.2M |
| Operating Margin | -27.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 174.1 months |
Financial Health Grade: B
In 2023, Healthcare Foundation Of Miami County Inc reported a deficit of $137K with expenses exceeding revenue, holds 174.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Healthcare Foundation Of Miami County Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.7% | +28.5% | -1.5% |
| 2022 | -3.8% | -18.5% | +3.7% |
| 2021 | +57.2% | +58.9% | +2.9% |
| 2020 | +14.5% | -27.2% | +20.2% |
| 2015 | +47.4% | +37.8% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Foundation Of Miami County Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Healthcare Foundation Of Miami County Inc 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 $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a fully volunteer executive team or that compensation is categorized differently, which is highly transparent regarding direct officer salaries.
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 Foundation Of Miami County Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal year (2023), leading to a deficit of $136,887.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data limits full spending efficiency analysis.
Strengths
The following positive indicators were identified for Healthcare Foundation Of Miami County Inc:
- Strong and growing asset base, reaching $9,236,438 in 2023.
- Extremely low liabilities, consistently reported as $1 in recent years, indicating excellent financial stability.
- Consistent reporting of 0% officer compensation, demonstrating high transparency in this area.
- Long history of IRS 990 filings (9 filings), indicating commitment to regulatory compliance.
- Generally responsible expense management, with expenses often below or comparable to revenue in most periods.
Frequently Asked Questions about Healthcare Foundation Of Miami County Inc
Is Healthcare Foundation Of Miami County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthcare Foundation Of Miami County Inc (EIN: 201672681) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Healthcare Foundation Of Miami County Inc spend its money?
Healthcare Foundation Of Miami County Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Healthcare Foundation Of Miami County Inc tax-deductible?
Healthcare Foundation Of Miami County Inc is registered as a tax-exempt nonprofit (EIN: 201672681). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Healthcare Foundation Of Miami County Inc's spending goes to programs?
Healthcare Foundation Of Miami County Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Healthcare Foundation Of Miami County Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Healthcare Foundation Of Miami County Inc is above average for NTEE category E70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Healthcare Foundation Of Miami County Inc located?
Healthcare Foundation Of Miami County Inc is headquartered in Peru, Indiana and files with the IRS under EIN 201672681. It is classified under NTEE code E70.
How many years of IRS 990 filings does Healthcare Foundation Of Miami County Inc have?
Healthcare Foundation Of Miami County Inc has 9 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 $2.6M in total revenue.
Is Healthcare Foundation Of Miami County Inc a good charity?
Based on the available data, the organization demonstrates strong financial health with substantial assets ($9,236,438 in 2023) and minimal liabilities ($1). The consistent reporting of 0% officer compensation is a positive transparency indicator. While the latest year showed a deficit, the overall trend of asset growth and responsible expense management suggests it is a well-managed organization. A more definitive answer would require detailed program spending data.
Why did expenses exceed revenue in 2023?
In the 2023 fiscal period, the organization reported expenses of $636,528 against revenue of $499,641, resulting in a deficit. This could be due to increased program activities, one-time investments, or a temporary dip in fundraising. Further details from their full IRS 990 would be needed to understand the specific reasons for this imbalance.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth over the past decade, increasing from $6,981,695 in 2011 to $9,236,438 in 2023, indicating strong financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for Healthcare Foundation Of Miami County Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Healthcare Foundation Of Miami County Inc's revenue has grown by 28.9%, moving from $388K to $500K. Total assets increased by 32.3% over the same period, from $7.0M to $9.2M. Total functional expenses rose by 124.1%, from $284K to $637K. In its most recent filing year (2023), Healthcare Foundation Of Miami County Inc reported a deficit of $137K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $500K | $637K | $9.2M | $1 | — | View 990 |
| 2022 | $828K | $496K | $9.4M | $1 | — | View 990 |
| 2021 | $861K | $608K | $9.0M | $1 | — | View 990 |
| 2020 | $548K | $383K | $8.8M | $1 | — | View 990 |
| 2015 | $478K | $526K | $7.3M | $225 | — | View 990 |
| 2014 | $324K | $381K | $7.4M | $38 | — | View 990 |
| 2013 | $659K | $295K | $7.4M | $76 | — | View 990 |
| 2012 | $295K | $225K | $7.1M | $312 | — | View 990 |
| 2011 | $388K | $284K | $7.0M | $312 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $500K, expenses of $637K, and assets of $9.2M (revenue -39.7% year-over-year).
- 2022: Revenue of $828K, expenses of $496K, and assets of $9.4M (revenue -3.8% year-over-year).
- 2021: Revenue of $861K, expenses of $608K, and assets of $9.0M (revenue +57.2% year-over-year).
- 2020: Revenue of $548K, expenses of $383K, and assets of $8.8M (revenue +14.5% year-over-year).
- 2015: Revenue of $478K, expenses of $526K, and assets of $7.3M (revenue +47.4% year-over-year).
- 2014: Revenue of $324K, expenses of $381K, and assets of $7.4M (revenue -50.8% year-over-year).
- 2013: Revenue of $659K, expenses of $295K, and assets of $7.4M (revenue +123.3% year-over-year).
- 2012: Revenue of $295K, expenses of $225K, and assets of $7.1M (revenue -23.9% year-over-year).
- 2011: Revenue of $388K, expenses of $284K, and assets of $7.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healthcare Foundation Of Miami County Inc:
Data Sources and Methodology
This transparency report for Healthcare Foundation Of Miami County 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.