Healthcare Foundation Of Northern Lake County
Healthcare Foundation Of Northern Lake County consistently maintains substantial assets and reports no officer compensation.
EIN: 205253008 · Grayslake, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.2M |
| Total Expenses | $3.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $59.0M |
| Transparency Score | 90/100 |
Is Healthcare Foundation Of Northern Lake County 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 Northern Lake County directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthcare Foundation Of Northern Lake County
Healthcare Foundation Of Northern Lake County (EIN: 205253008) is a nonprofit organization based in Grayslake, IL, classified under NTEE code T22. The organization reported total revenue of $16.2M and total assets of $67.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthcare Foundation Of Northern Lake County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthcare Foundation Of Northern Lake County is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$50K |
| Total Assets | $60.7M |
| Total Liabilities | $1.7M |
| Net Assets | $59.0M |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 210.7 months |
Financial Health Grade: A
In 2023, Healthcare Foundation Of Northern Lake County reported a surplus of $50K with revenue exceeding expenses, holds 210.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Healthcare Foundation Of Northern Lake County's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | +9.6% | -5.4% |
| 2022 | -38.5% | +5.0% | -9.3% |
| 2021 | +116.5% | -4.0% | +20.9% |
| 2020 | -39.6% | +0.7% | +1.6% |
| 2019 | +13.1% | +6.2% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Northern Lake County with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Healthcare Foundation Of Northern Lake County allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with assets exceeding $60 million and suggests either a fully volunteer-led executive team or compensation is covered by an affiliated entity, which would warrant further investigation for complete transparency.
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 Northern Lake County's IRS 990 filings:
- No officer compensation reported, which is unusual for an organization of this asset size and could indicate compensation is paid by an undisclosed related entity.
Strengths
The following positive indicators were identified for Healthcare Foundation Of Northern Lake County:
- Consistent financial stability with substantial and growing assets (e.g., $60,664,628 in 202305).
- Zero reported officer compensation across all filings, indicating a strong commitment to mission-focused spending.
- Revenues consistently exceed expenses in most periods, allowing for asset growth and long-term sustainability.
- Low liabilities relative to assets, demonstrating strong financial management and solvency.
Frequently Asked Questions about Healthcare Foundation Of Northern Lake County
Is Healthcare Foundation Of Northern Lake County a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthcare Foundation Of Northern Lake County (EIN: 205253008) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Healthcare Foundation Of Northern Lake County spend its money?
Healthcare Foundation Of Northern Lake County directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Healthcare Foundation Of Northern Lake County tax-deductible?
Healthcare Foundation Of Northern Lake County is registered as a tax-exempt nonprofit (EIN: 205253008). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Healthcare Foundation Of Northern Lake County CEO make?
Healthcare Foundation Of Northern Lake County's highest-compensated officer earns $60 annually. The organization reported $16.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Healthcare Foundation Of Northern Lake County compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Healthcare Foundation Of Northern Lake County is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Healthcare Foundation Of Northern Lake County located?
Healthcare Foundation Of Northern Lake County is headquartered in Grayslake, Illinois and files with the IRS under EIN 205253008. It is classified under NTEE code T22.
How many years of IRS 990 filings does Healthcare Foundation Of Northern Lake County have?
Healthcare Foundation Of Northern Lake County has 10 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 $16.2M in total revenue.
Is Healthcare Foundation Of Northern Lake County a good charity?
Based on the available data, the Healthcare Foundation Of Northern Lake County appears to be a financially sound organization with substantial assets and a consistent history of revenue generation. The 0% officer compensation is a strong positive indicator of its commitment to mission over executive pay. Its role as a grantmaking foundation (NTEE T22) means its 'program spending' is likely in the form of grants to other organizations, which is efficient for its operational model.
How does the organization manage its significant assets?
With assets consistently above $50 million, reaching $60,664,628 in 202305, the organization appears to be an endowment or grantmaking foundation. The growth in assets over the years, despite fluctuations in annual revenue, suggests effective investment management and a strategy to build long-term capacity for its mission.
What is the trend in the organization's financial health?
The organization shows consistent financial health. While annual revenues fluctuate (e.g., $6.5M in 202105 vs. $3.5M in 202305), expenses are generally well-managed and lower than revenues, leading to a stable or growing asset base. Liabilities are consistently low relative to assets, indicating strong financial stability.
Filing History
IRS 990 filing history for Healthcare Foundation Of Northern Lake County showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Healthcare Foundation Of Northern Lake County's revenue has declined by 9.7%, moving from $3.9M to $3.5M. Total assets increased by 22% over the same period, from $49.7M to $60.7M. Total functional expenses rose by 45.5%, from $2.4M to $3.5M. In its most recent filing year (2023), Healthcare Foundation Of Northern Lake County reported a surplus of $50K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $60.7M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $59.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.5M | $60.7M | $1.7M | — | View 990 |
| 2022 | $4.0M | $3.2M | $64.1M | $1.4M | — | View 990 |
| 2021 | $6.5M | $3.0M | $70.7M | $1.7M | — | View 990 |
| 2020 | $3.0M | $3.1M | $58.5M | $1.7M | — | View 990 |
| 2019 | $5.0M | $3.1M | $57.5M | $1.5M | — | View 990 |
| 2015 | $4.4M | $2.9M | $58.2M | $1.9M | — | View 990 |
| 2014 | $3.1M | $2.5M | $58.2M | $1.8M | — | View 990 |
| 2013 | $5.8M | $3.0M | $54.4M | $1.9M | — | View 990 |
| 2012 | $3.6M | $2.5M | $46.9M | $1.2M | — | View 990 |
| 2011 | $3.9M | $2.4M | $49.7M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.5M, and assets of $60.7M (revenue -13.0% year-over-year).
- 2022: Revenue of $4.0M, expenses of $3.2M, and assets of $64.1M (revenue -38.5% year-over-year).
- 2021: Revenue of $6.5M, expenses of $3.0M, and assets of $70.7M (revenue +116.5% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.1M, and assets of $58.5M (revenue -39.6% year-over-year).
- 2019: Revenue of $5.0M, expenses of $3.1M, and assets of $57.5M (revenue +13.1% year-over-year).
- 2015: Revenue of $4.4M, expenses of $2.9M, and assets of $58.2M (revenue +43.4% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.5M, and assets of $58.2M (revenue -47.2% year-over-year).
- 2013: Revenue of $5.8M, expenses of $3.0M, and assets of $54.4M (revenue +64.2% year-over-year).
- 2012: Revenue of $3.6M, expenses of $2.5M, and assets of $46.9M (revenue -8.3% year-over-year).
- 2011: Revenue of $3.9M, expenses of $2.4M, and assets of $49.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healthcare Foundation Of Northern Lake County:
Data Sources and Methodology
This transparency report for Healthcare Foundation Of Northern Lake County 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.