Healthinfonet
Healthinfonet shows consistent revenue with recent deficit, maintains 0% officer compensation.
EIN: 205150062 · New Gloucestr, ME · NTEE: W50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.5M |
| Total Expenses | $6.1M |
| Program Spending | 85% |
| Net Assets | $4.2M |
| Transparency Score | 85/100 |
Is Healthinfonet Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healthinfonet directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthinfonet
Healthinfonet (EIN: 205150062) is a nonprofit organization based in New Gloucestr, ME, classified under NTEE code W50. The organization reported total revenue of $8.5M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthinfonet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthinfonet is a mid-size nonprofit that has been operating for 17 years, with 13 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 | $4.7M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-1,359,094 |
| Total Assets | $4.9M |
| Total Liabilities | $639K |
| Net Assets | $4.2M |
| Operating Margin | -28.9% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2023, Healthinfonet reported a deficit of $1.4M with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Healthinfonet's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.2% | +1.1% | -22.3% |
| 2022 | -0.2% | +4.5% | +4.8% |
| 2021 | +4.9% | +4.7% | +6.7% |
| 2020 | +24.1% | +26.0% | +36.6% |
| 2019 | +13.0% | +1.0% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Healthinfonet 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Healthinfonet allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign for a nonprofit of this size, suggesting a strong dedication to mission-focused spending.
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 Healthinfonet's IRS 990 filings:
- Significant deficit in the most recent filing period (202312) where expenses exceeded revenue by over $1.3 million.
Strengths
The following positive indicators were identified for Healthinfonet:
- Consistent reporting of 0% officer compensation across all available filings, indicating strong financial stewardship.
- Generally stable multi-million dollar revenue stream over the past decade.
- Growing asset base, reaching $4,882,369 in 202312, providing financial stability.
- Positive net income in most filing periods, demonstrating effective financial management prior to the 202312 deficit.
Frequently Asked Questions about Healthinfonet
Is Healthinfonet a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthinfonet (EIN: 205150062) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Healthinfonet spend its money?
Healthinfonet directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Healthinfonet tax-deductible?
Healthinfonet is registered as a tax-exempt nonprofit (EIN: 205150062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Healthinfonet's spending goes to programs?
Healthinfonet directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Healthinfonet compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Healthinfonet is above average for NTEE category W50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Healthinfonet located?
Healthinfonet is headquartered in New Gloucestr, Maine and files with the IRS under EIN 205150062. It is classified under NTEE code W50.
How many years of IRS 990 filings does Healthinfonet have?
Healthinfonet 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 $8.5M in total revenue.
Is Healthinfonet a good charity?
Based on the available IRS 990 data, Healthinfonet appears to be a good charity. Its consistent multi-million dollar revenue, growing assets, and notably 0% officer compensation across all filings are strong indicators of financial health and a commitment to its mission. The recent deficit in 202312 warrants monitoring, but does not negate its overall positive financial history.
What caused the significant deficit in the 202312 period?
The IRS 990 data shows that in the 202312 period, Healthinfonet's expenses ($6,064,359) significantly exceeded its revenue ($4,705,265), resulting in a deficit of over $1.3 million. Without more detailed financial statements, the specific causes (e.g., increased program costs, one-time investments, or a temporary dip in funding) cannot be precisely determined from the summary data provided.
How does Healthinfonet manage its liabilities?
Healthinfonet's liabilities have fluctuated over the years, ranging from a low of $390,803 in 201912 to a high of $1,207,000 in 202012. In the most recent filing (202312), liabilities stood at $639,069, which is a manageable amount relative to its assets of $4,882,369, indicating a healthy balance sheet.
Has Healthinfonet's revenue been stable?
Healthinfonet's revenue has generally been stable, fluctuating between approximately $4.4 million and $6.7 million over the past decade. While there was a dip to $4,705,265 in 202312 from $6,459,659 in 202212, the overall trend shows consistent multi-million dollar funding.
Filing History
IRS 990 filing history for Healthinfonet showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthinfonet's revenue has declined by 22.6%, moving from $6.1M to $4.7M. Total assets increased by 10.6% over the same period, from $4.4M to $4.9M. Total functional expenses rose by 18.5%, from $5.1M to $6.1M. In its most recent filing year (2023), Healthinfonet reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $639K in liabilities against $4.9M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $6.1M | $4.9M | $639K | — | View 990 |
| 2022 | $6.5M | $6.0M | $6.3M | $679K | — | View 990 |
| 2021 | $6.5M | $5.7M | $6.0M | $852K | — | View 990 |
| 2020 | $6.2M | $5.5M | $5.6M | $1.2M | — | View 990 |
| 2019 | $5.0M | $4.4M | $4.1M | $391K | — | View 990 |
| 2018 | $4.4M | $4.3M | $3.8M | $733K | — | View 990 |
| 2017 | $4.7M | $4.6M | $3.4M | $392K | — | View 990 |
| 2016 | $4.9M | $5.4M | $3.7M | $759K | — | View 990 |
| 2015 | $6.2M | $5.3M | $4.1M | $685K | — | View 990 |
| 2014 | $6.7M | $6.5M | $3.3M | $879K | — | View 990 |
| 2013 | $6.4M | $5.2M | $3.6M | $1.4M | — | View 990 |
| 2012 | $5.3M | $5.1M | $3.5M | $2.5M | — | View 990 |
| 2011 | $6.1M | $5.1M | $4.4M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $6.1M, and assets of $4.9M (revenue -27.2% year-over-year).
- 2022: Revenue of $6.5M, expenses of $6.0M, and assets of $6.3M (revenue -0.2% year-over-year).
- 2021: Revenue of $6.5M, expenses of $5.7M, and assets of $6.0M (revenue +4.9% year-over-year).
- 2020: Revenue of $6.2M, expenses of $5.5M, and assets of $5.6M (revenue +24.1% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.4M, and assets of $4.1M (revenue +13.0% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.3M, and assets of $3.8M (revenue -6.5% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.6M, and assets of $3.4M (revenue -4.6% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.4M, and assets of $3.7M (revenue -20.5% year-over-year).
- 2015: Revenue of $6.2M, expenses of $5.3M, and assets of $4.1M (revenue -7.6% year-over-year).
- 2014: Revenue of $6.7M, expenses of $6.5M, and assets of $3.3M (revenue +4.4% year-over-year).
- 2013: Revenue of $6.4M, expenses of $5.2M, and assets of $3.6M (revenue +20.8% year-over-year).
- 2012: Revenue of $5.3M, expenses of $5.1M, and assets of $3.5M (revenue -12.5% year-over-year).
- 2011: Revenue of $6.1M, expenses of $5.1M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healthinfonet:
Data Sources and Methodology
This transparency report for Healthinfonet 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.