Healthcare Options Inc
Healthcare Options Inc: Consistent Revenue, High Program Spending
EIN: 222543620 · Attleboro, MA · NTEE: E92Z · Updated: 2026-04-04
About Healthcare Options Inc
Healthcare Options Inc (EIN: 222543620) is a nonprofit organization based in Attleboro, MA, classified under NTEE code E92Z. The organization reported total revenue of $5.2M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthcare Options Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Healthcare Options 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: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Healthcare Options Inc allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in filings suggests no compensation was reported for key employees, which warrants further investigation.
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 Options Inc's IRS 990 filings:
- The 'c0%' for compensation across all years in the provided data is unusual and requires clarification to ensure proper reporting of executive salaries.
Strengths
The following positive indicators were identified for Healthcare Options Inc:
- Consistently high percentage of expenses allocated to programs (around 89% based on 2018 data).
- Steady revenue growth over the past several years, indicating financial stability.
- Healthy asset-to-liability ratio, suggesting good financial management.
Frequently Asked Questions about Healthcare Options Inc
What does Healthcare Options Inc do?
Healthcare Options Inc is a nonprofit organization in the Health Care sector, located in Attleboro, Massachusetts. It is classified under NTEE code E92Z.
How much revenue does Healthcare Options Inc have?
Healthcare Options Inc reported total revenue of $5,230,660. Based on 8 IRS 990 filings on record.
What are Healthcare Options Inc's total assets?
Healthcare Options Inc holds total assets of $1,590,207 as reported in IRS 990 filings.
Where is Healthcare Options Inc located?
Healthcare Options Inc is based in Attleboro, Massachusetts.
What is Healthcare Options Inc's EIN?
Healthcare Options Inc's Employer Identification Number (EIN) is 222543620. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Healthcare Options Inc?
Healthcare Options Inc is classified under NTEE code E92Z (Health Care).
Is Healthcare Options Inc a registered 501(c)(3)?
Yes, Healthcare Options Inc is recognized as a tax-exempt organization by the IRS. EIN: 222543620.
Does Healthcare Options Inc file IRS Form 990?
Yes, Healthcare Options Inc has 8 IRS Form 990 filings on record. The most recent covers tax period 201812.
What was Healthcare Options Inc's revenue in 2018?
In the 201812 filing period, Healthcare Options Inc reported total revenue of $5,010,597, total expenses of $5,616,996, and net assets of $1,639,081.
Is Healthcare Options Inc's revenue growing or declining?
Healthcare Options Inc's revenue is relatively stable. Revenue went from $4,955,219 (201712) to $5,010,597 (201812), a +1.1% change. Based on 8 filings on record.
What is Healthcare Options Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Healthcare Options Inc covers tax period 201812. It shows revenue of $5,010,597, expenses of $5,616,996, total assets of $1,639,081, and liabilities of $2,430,757.
How much does Healthcare Options Inc spend on programs vs administration?
Based on IRS 990 analysis, Healthcare Options Inc allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Healthcare Options Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Healthcare Options Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Healthcare Options Inc?
The following concerns were identified: The 'c0%' for compensation across all years in the provided data is unusual and requires clarification to ensure proper reporting of executive salaries.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Healthcare Options Inc's strengths?
Positive indicators for Healthcare Options Inc include: Consistently high percentage of expenses allocated to programs (around 89% based on 2018 data).. Steady revenue growth over the past several years, indicating financial stability.. Healthy asset-to-liability ratio, suggesting good financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Healthcare Options Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in filings suggests no compensation was reported for key employees, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' compensation reported, how does Healthcare Options Inc compensate its leadership and key employees, and is this fully disclosed in other accessible documents?
The 'c0%' for compensation in the provided data is highly unusual for an organization of this size and revenue. It suggests either that compensation is reported under a different category, or that key employees are compensated through other means not immediately apparent in this summary. Further investigation into their full 990 forms would be necessary to understand executive compensation practices.
Filing History
IRS 990 filing history for Healthcare Options Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Healthcare Options Inc's revenue has grown by 70.7%, moving from $2.9M to $5.0M. Total assets increased by 113.5% over the same period, from $768K to $1.6M. Total functional expenses rose by 89.9%, from $3.0M to $5.6M. In its most recent filing year (2018), Healthcare Options Inc reported a deficit of $606K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $1.6M in assets (debt-to-asset ratio: 148.3%), resulting in net assets of $-791,676.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2018 | $5.0M | $5.6M | $1.6M | $2.4M | — | View 990 |
| 2017 | $5.0M | $5.3M | $1.6M | $1.8M | — | View 990 |
| 2016 | $4.6M | $4.7M | $1.3M | $1.2M | — | View 990 |
| 2015 | $4.1M | $4.3M | $1.0M | $797K | — | View 990 |
| 2014 | $3.9M | $3.8M | $921K | $486K | — | View 990 |
| 2013 | $3.3M | $3.3M | $743K | $372K | — | View 990 |
| 2012 | $3.2M | $3.2M | $782K | $410K | — | View 990 |
| 2011 | $2.9M | $3.0M | $768K | $385K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $5.0M, expenses of $5.6M, and assets of $1.6M (revenue +1.1% year-over-year).
- 2017: Revenue of $5.0M, expenses of $5.3M, and assets of $1.6M (revenue +7.4% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.7M, and assets of $1.3M (revenue +12.5% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.3M, and assets of $1.0M (revenue +5.9% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.8M, and assets of $921K (revenue +15.7% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.3M, and assets of $743K (revenue +5.8% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.2M, and assets of $782K (revenue +7.6% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.0M, and assets of $768K.
Data Sources and Methodology
This transparency report for Healthcare Options 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.