Healthcare Information Xchange Of New York Inc
Healthcare Information Xchange Of New York Inc maintains stable finances with no reported officer compensation.
EIN: 141825979 · Albany, NY · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.7M |
| Total Expenses | $10.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10M |
| Net Assets | $8.2M |
| Transparency Score | 92/100 |
Is Healthcare Information Xchange Of New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healthcare Information Xchange Of New York Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthcare Information Xchange Of New York Inc
Healthcare Information Xchange Of New York Inc (EIN: 141825979) is a nonprofit organization based in Albany, NY, classified under NTEE code E60. The organization reported total revenue of $13.7M and total assets of $14.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthcare Information Xchange Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthcare Information Xchange Of New York Inc is a large nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.6M |
| Total Expenses | $10.7M |
| Surplus / Deficit | $-88,394 |
| Total Assets | $12.9M |
| Total Liabilities | $4.7M |
| Net Assets | $8.2M |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 36.2% |
| Months of Reserves | 14.5 months |
Financial Health Grade: B
In 2023, Healthcare Information Xchange Of New York Inc reported a deficit of $88K with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 36.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Healthcare Information Xchange Of New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.6% | +3.0% | +7.3% |
| 2022 | +6.5% | +2.3% | +2.7% |
| 2021 | -8.1% | -0.3% | -2.6% |
| 2020 | +8.6% | +3.9% | +11.7% |
| 2019 | +11.9% | +12.6% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Information Xchange Of New York Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Healthcare Information Xchange Of New York Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $88K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size ($10M+ annual revenue) and suggests either a fully volunteer executive leadership or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting. This indicates a strong commitment to directing funds towards its mission.
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 Information Xchange Of New York Inc's IRS 990 filings:
- Minor operating deficits in recent years (e.g., 202312, 202212, 202112) indicate expenses slightly exceeding revenue, though not significantly impacting overall financial health due to growing assets.
Strengths
The following positive indicators were identified for Healthcare Information Xchange Of New York Inc:
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Consistent growth in assets, from $6.5M in 2014 to $12.8M in 2023, demonstrating strong financial management.
- Stable and growing revenue streams, increasing from $6.1M in 2014 to $10.5M in 2023.
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Clear alignment between organization name, NTEE code, and likely programmatic activities.
Frequently Asked Questions about Healthcare Information Xchange Of New York Inc
Is Healthcare Information Xchange Of New York Inc a legitimate charity?
Healthcare Information Xchange Of New York Inc (EIN: 141825979) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.7M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Healthcare Information Xchange Of New York Inc spend its money?
Healthcare Information Xchange Of New York Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Healthcare Information Xchange Of New York Inc tax-deductible?
Healthcare Information Xchange Of New York Inc is registered as a tax-exempt nonprofit (EIN: 141825979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Healthcare Information Xchange Of New York Inc CEO make?
Healthcare Information Xchange Of New York Inc's highest-compensated officer earns $10M annually. The organization reported $13.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Healthcare Information Xchange Of New York Inc's spending goes to programs?
Healthcare Information Xchange Of New York Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Healthcare Information Xchange Of New York Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Healthcare Information Xchange Of New York Inc is above average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Healthcare Information Xchange Of New York Inc located?
Healthcare Information Xchange Of New York Inc is headquartered in Albany, New York and files with the IRS under EIN 141825979. It is classified under NTEE code E60.
How many years of IRS 990 filings does Healthcare Information Xchange Of New York Inc have?
Healthcare Information Xchange Of New York Inc 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 $13.7M in total revenue.
Is Healthcare Information Xchange Of New York Inc a good charity?
Based on the available IRS 990 data, HIXNY appears to be a very good charity. It demonstrates strong financial stability with growing assets, consistent revenue, and, most notably, zero reported officer compensation, indicating a high dedication to its mission.
How does HIXNY manage its executive compensation?
HIXNY consistently reports 0% officer compensation in its IRS 990 filings, which is exceptional for an organization of its scale. This suggests that executive leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation,' but it strongly implies that a minimal portion of funds is allocated to top executive salaries.
What is the trend in HIXNY's financial growth?
HIXNY has shown consistent financial growth over the past decade. Its revenue increased from $6,139,332 in 2014 to $10,594,861 in 2023, and its assets grew from $6,514,187 to $12,874,152 in the same period, indicating a healthy expansion.
Does HIXNY operate with a surplus or deficit?
While HIXNY has experienced slight operating deficits in recent years (e.g., 202312: expenses exceeded revenue by $88,394), it has also had periods of surplus (e.g., 201712: revenue exceeded expenses by $805,747). Overall, its asset growth suggests long-term financial health despite minor annual fluctuations.
Filing History
IRS 990 filing history for Healthcare Information Xchange Of New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthcare Information Xchange Of New York Inc's revenue has grown by 163.7%, moving from $4.0M to $10.6M. Total assets increased by 219.8% over the same period, from $4.0M to $12.9M. Total functional expenses rose by 219.5%, from $3.3M to $10.7M. In its most recent filing year (2023), Healthcare Information Xchange Of New York Inc reported a deficit of $88K, with expenses exceeding revenue. The organization holds $4.7M in liabilities against $12.9M in assets (debt-to-asset ratio: 36.2%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.6M | $10.7M | $12.9M | $4.7M | — | — |
| 2022 | $10.2M | $10.4M | $12.0M | $3.9M | — | View 990 |
| 2021 | $9.6M | $10.1M | $11.7M | $3.1M | — | View 990 |
| 2020 | $10.4M | $10.2M | $12.0M | $2.8M | — | — |
| 2019 | $9.6M | $9.8M | $10.7M | $1.9M | — | View 990 |
| 2018 | $8.6M | $8.7M | $10.0M | $1.2M | — | View 990 |
| 2017 | $8.4M | $7.6M | $9.7M | $719K | — | View 990 |
| 2016 | $8.3M | $7.2M | $9.7M | $1.6M | — | View 990 |
| 2015 | $6.7M | $5.6M | $7.5M | $413K | — | View 990 |
| 2014 | $6.1M | $4.5M | $6.5M | $452K | — | View 990 |
| 2013 | $4.8M | $3.9M | $5.0M | $641K | — | View 990 |
| 2012 | $3.2M | $3.6M | $3.8M | $342K | — | View 990 |
| 2011 | $4.0M | $3.3M | $4.0M | $170K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.6M, expenses of $10.7M, and assets of $12.9M (revenue +3.6% year-over-year).
- 2022: Revenue of $10.2M, expenses of $10.4M, and assets of $12.0M (revenue +6.5% year-over-year).
- 2021: Revenue of $9.6M, expenses of $10.1M, and assets of $11.7M (revenue -8.1% year-over-year).
- 2020: Revenue of $10.4M, expenses of $10.2M, and assets of $12.0M (revenue +8.6% year-over-year).
- 2019: Revenue of $9.6M, expenses of $9.8M, and assets of $10.7M (revenue +11.9% year-over-year).
- 2018: Revenue of $8.6M, expenses of $8.7M, and assets of $10.0M (revenue +2.1% year-over-year).
- 2017: Revenue of $8.4M, expenses of $7.6M, and assets of $9.7M (revenue +1.7% year-over-year).
- 2016: Revenue of $8.3M, expenses of $7.2M, and assets of $9.7M (revenue +24.0% year-over-year).
- 2015: Revenue of $6.7M, expenses of $5.6M, and assets of $7.5M (revenue +8.7% year-over-year).
- 2014: Revenue of $6.1M, expenses of $4.5M, and assets of $6.5M (revenue +27.9% year-over-year).
- 2013: Revenue of $4.8M, expenses of $3.9M, and assets of $5.0M (revenue +48.6% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.6M, and assets of $3.8M (revenue -19.6% year-over-year).
- 2011: Revenue of $4.0M, expenses of $3.3M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healthcare Information Xchange Of New York Inc:
Data Sources and Methodology
This transparency report for Healthcare Information Xchange Of New York 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.