Healthreach Community Clinic
Healthreach Community Clinic shows strong program spending but faces recent operating deficit and significant increase in liabilities.
EIN: 201020941 · Mooresville, NC · NTEE: E21 · Updated: 2026-03-28
Is Healthreach Community Clinic Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healthreach Community Clinic directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthreach Community Clinic
Healthreach Community Clinic (EIN: 201020941) is a nonprofit organization based in Mooresville, NC, classified under NTEE code E21. The organization reported total revenue of $1.8M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthreach Community Clinic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthreach Community Clinic is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-540,907 |
| Total Assets | $2.3M |
| Total Liabilities | $5K |
| Net Assets | $2.3M |
| Operating Margin | -20.1% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2024, Healthreach Community Clinic reported a deficit of $541K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Healthreach Community Clinic's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.1% | +19.9% | -18.9% |
| 2023 | +32.5% | +70.4% | +129.4% |
| 2022 | +225.6% | +199.4% | +80.9% |
| 2021 | -1.0% | +24.3% | +24.2% |
| 2020 | -81.9% | -86.3% | +53.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Healthreach Community Clinic with a Mission Score of 88 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, Healthreach Community Clinic 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $541K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led executive team or that compensation is covered by other means not reported as officer compensation, which enhances the organization's financial efficiency and dedication to 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 Healthreach Community Clinic's IRS 990 filings:
- Significant operating deficit in the latest filing period (202406: Expenses $3,233,961 vs. Revenue $2,693,054).
- Dramatic increase in liabilities in the latest filing period (202406: $4,611,000 vs. 202306: $5,761).
Strengths
The following positive indicators were identified for Healthreach Community Clinic:
- Consistently high program spending ratio (e.g., 85% of expenses in 202406).
- Strong revenue growth over the past few years (from $657,835 in 202106 to $2,693,054 in 202406).
- No reported officer compensation, indicating efficient use of funds for mission.
- Significant asset growth, increasing capacity to serve (from $689,956 in 202106 to $2,320,493 in 202406).
Frequently Asked Questions about Healthreach Community Clinic
Is Healthreach Community Clinic a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthreach Community Clinic (EIN: 201020941) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Healthreach Community Clinic spend its money?
Healthreach Community Clinic directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Healthreach Community Clinic tax-deductible?
Healthreach Community Clinic is registered as a tax-exempt nonprofit (EIN: 201020941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Healthreach Community Clinic financially stable given the recent deficit and increase in liabilities?
While the organization has shown strong revenue growth and asset accumulation over several years, the 202406 period reported expenses exceeding revenue by $540,907 and a significant jump in liabilities to $4,611,000. This indicates a potential short-term financial strain or a major capital investment, which requires further investigation to assess long-term stability.
What caused the substantial increase in liabilities in the 202406 period?
The IRS 990 data shows liabilities increased from $5,761 in 202306 to $4,611,000 in 202406. This dramatic increase is a significant financial event that could be due to new debt, capital leases, or other obligations, and would need to be clarified by the organization to understand its nature and impact.
How does Healthreach Community Clinic fund its operations without reporting officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteer-based, or that compensation is structured in a way that it is not reported under 'officer compensation' on the 990 form. This practice generally allows more funds to be directed towards programs.
Filing History
IRS 990 filing history for Healthreach Community Clinic showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Healthreach Community Clinic's revenue has grown by 673.1%, moving from $348K to $2.7M. Total assets increased by 758.5% over the same period, from $270K to $2.3M. Total functional expenses rose by 835.2%, from $346K to $3.2M. In its most recent filing year (2024), Healthreach Community Clinic reported a deficit of $541K, with expenses exceeding revenue. The organization holds $5K in liabilities against $2.3M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | $3.2M | $2.3M | $5K | — | View 990 |
| 2023 | $2.8M | $2.7M | $2.9M | $6K | — | View 990 |
| 2022 | $2.1M | $1.6M | $1.2M | $5K | — | View 990 |
| 2021 | $658K | $529K | $690K | $6K | — | View 990 |
| 2020 | $665K | $425K | $556K | $669 | — | View 990 |
| 2019 | $3.7M | $3.1M | $363K | $0 | — | View 990 |
| 2018 | $1.4M | $1.4M | $278K | $0 | — | View 990 |
| 2017 | $2.8M | $2.9M | $299K | $15K | — | View 990 |
| 2016 | $2.3M | $2.3M | $250K | $3K | — | View 990 |
| 2015 | $2.3M | $2.4M | $361K | $6K | — | View 990 |
| 2014 | $506K | $568K | $361K | $6K | — | View 990 |
| 2013 | $258K | $414K | $398K | $0 | — | View 990 |
| 2012 | $655K | $386K | $553K | $0 | — | View 990 |
| 2011 | $348K | $346K | $270K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.7M, expenses of $3.2M, and assets of $2.3M (revenue -5.1% year-over-year).
- 2023: Revenue of $2.8M, expenses of $2.7M, and assets of $2.9M (revenue +32.5% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.6M, and assets of $1.2M (revenue +225.6% year-over-year).
- 2021: Revenue of $658K, expenses of $529K, and assets of $690K (revenue -1.0% year-over-year).
- 2020: Revenue of $665K, expenses of $425K, and assets of $556K (revenue -81.9% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.1M, and assets of $363K (revenue +164.8% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $278K (revenue -51.0% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.9M, and assets of $299K (revenue +24.4% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $250K (revenue -0.7% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.4M, and assets of $361K (revenue +352.3% year-over-year).
- 2014: Revenue of $506K, expenses of $568K, and assets of $361K (revenue +96.1% year-over-year).
- 2013: Revenue of $258K, expenses of $414K, and assets of $398K (revenue -60.6% year-over-year).
- 2012: Revenue of $655K, expenses of $386K, and assets of $553K (revenue +88.1% year-over-year).
- 2011: Revenue of $348K, expenses of $346K, and assets of $270K.
Data Sources and Methodology
This transparency report for Healthreach Community Clinic 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.