Healthcare Ventures Alliance
EIN: 232877142 · Erie, PA · NTEE: E02
| Metric | Value |
|---|---|
| Total Revenue | $514K |
| Total Expenses | $761K |
| Net Assets | $2.8M |
Is Healthcare Ventures Alliance Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Healthcare Ventures Alliance
Healthcare Ventures Alliance (EIN: 232877142) is a nonprofit organization based in Erie, PA, classified under NTEE code E02. The organization reported total revenue of $514K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthcare Ventures Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthcare Ventures Alliance is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $531K |
| Total Expenses | $761K |
| Surplus / Deficit | $-230,158 |
| Total Assets | $3.0M |
| Total Liabilities | $216K |
| Net Assets | $2.8M |
| Operating Margin | -43.4% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 47.5 months |
Financial Health Grade: B
In 2023, Healthcare Ventures Alliance reported a deficit of $230K with expenses exceeding revenue, holds 47.5 months of operating reserves (strong position), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Healthcare Ventures Alliance's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.2% | -49.0% | -11.3% |
| 2022 | -44.3% | -3.2% | -23.1% |
| 2021 | +0.1% | -19.2% | -5.0% |
| 2020 | +16.6% | +90.9% | -2.0% |
| 2019 | -18.9% | -42.0% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Healthcare Ventures Alliance has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Healthcare Ventures Alliance with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $230K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.2%.
Frequently Asked Questions about Healthcare Ventures Alliance
Is Healthcare Ventures Alliance a legitimate charity?
Healthcare Ventures Alliance (EIN: 232877142) is a registered tax-exempt nonprofit based in Pennsylvania. It has 13 years of IRS 990 filings on record. Total revenue: $514K. No red flags identified. Financial health grade: B.
How does Healthcare Ventures Alliance spend its money?
Healthcare Ventures Alliance reported $514K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Healthcare Ventures Alliance tax-deductible?
Healthcare Ventures Alliance is registered as a tax-exempt nonprofit (EIN: 232877142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Healthcare Ventures Alliance located?
Healthcare Ventures Alliance is headquartered in Erie, Pennsylvania and files with the IRS under EIN 232877142. It is classified under NTEE code E02.
How many years of IRS 990 filings does Healthcare Ventures Alliance have?
Healthcare Ventures Alliance 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 $514K in total revenue.
Filing History
IRS 990 filing history for Healthcare Ventures Alliance showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthcare Ventures Alliance's revenue has grown by 46.9%, moving from $361K to $531K. Total assets decreased by 4.7% over the same period, from $3.2M to $3.0M. Total functional expenses rose by 38.4%, from $550K to $761K. In its most recent filing year (2023), Healthcare Ventures Alliance reported a deficit of $230K, with expenses exceeding revenue. The organization holds $216K in liabilities against $3.0M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $531K | $761K | $3.0M | $216K | — | — |
| 2022 | $674K | $1.5M | $3.4M | $424K | — | — |
| 2021 | $1.2M | $1.5M | $4.4M | $336K | — | View 990 |
| 2020 | $1.2M | $1.9M | $4.7M | $487K | — | — |
| 2019 | $1.0M | $1000K | $4.7M | $208K | — | View 990 |
| 2018 | $1.3M | $1.7M | $4.4M | $204K | — | View 990 |
| 2017 | $1.2M | $923K | $5.3M | $267K | — | View 990 |
| 2016 | $1.4M | $810K | $4.9M | $338K | — | View 990 |
| 2015 | $358K | $925K | $4.2M | $189K | — | View 990 |
| 2014 | $320K | $583K | $3.8M | $178K | — | View 990 |
| 2013 | $352K | $587K | $3.4M | $152K | — | View 990 |
| 2012 | $297K | $606K | $3.4M | $561K | — | View 990 |
| 2011 | $361K | $550K | $3.2M | $565K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $531K, expenses of $761K, and assets of $3.0M (revenue -21.2% year-over-year).
- 2022: Revenue of $674K, expenses of $1.5M, and assets of $3.4M (revenue -44.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.5M, and assets of $4.4M (revenue +0.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.9M, and assets of $4.7M (revenue +16.6% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1000K, and assets of $4.7M (revenue -18.9% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.7M, and assets of $4.4M (revenue +7.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $923K, and assets of $5.3M (revenue -14.0% year-over-year).
- 2016: Revenue of $1.4M, expenses of $810K, and assets of $4.9M (revenue +285.8% year-over-year).
- 2015: Revenue of $358K, expenses of $925K, and assets of $4.2M (revenue +11.7% year-over-year).
- 2014: Revenue of $320K, expenses of $583K, and assets of $3.8M (revenue -9.0% year-over-year).
- 2013: Revenue of $352K, expenses of $587K, and assets of $3.4M (revenue +18.7% year-over-year).
- 2012: Revenue of $297K, expenses of $606K, and assets of $3.4M (revenue -17.9% year-over-year).
- 2011: Revenue of $361K, expenses of $550K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healthcare Ventures Alliance:
Data Sources and Methodology
This transparency report for Healthcare Ventures Alliance 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.