Healthreach Community Health Centers
Healthreach Community Health Centers shows consistent revenue growth and healthy surpluses over the past decade.
EIN: 16023664 · Waterville, ME · NTEE: E39Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $43.2M |
| Total Expenses | $33.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $37.8 |
| Net Assets | $32.4M |
| Transparency Score | 88/100 |
Is Healthreach Community Health Centers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healthreach Community Health Centers directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthreach Community Health Centers
Healthreach Community Health Centers (EIN: 16023664) is a nonprofit organization based in Waterville, ME, classified under NTEE code E39Z. The organization reported total revenue of $43.2M and total assets of $44.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthreach Community Health Centers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthreach Community Health Centers is a large nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $37.8M |
| Total Expenses | $33.4M |
| Surplus / Deficit | +$4.4M |
| Total Assets | $40.9M |
| Total Liabilities | $8.5M |
| Net Assets | $32.4M |
| Operating Margin | 11.6% |
| Debt-to-Asset Ratio | 20.7% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, Healthreach Community Health Centers reported a surplus of $4.4M with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 20.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Healthreach Community Health Centers's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +10.8% | +15.9% |
| 2022 | +15.3% | +14.6% | +38.2% |
| 2021 | +7.1% | +5.8% | +10.9% |
| 2020 | +6.6% | +7.2% | +24.4% |
| 2019 | +14.4% | +7.7% | +21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1967 |
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 Health Centers 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 Health Centers 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 surplus of $4.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.7%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation for all reported periods, suggesting that key officers may be uncompensated or their compensation is reported under other expense categories, which would require a deeper dive into the full 990 forms to understand the complete picture of executive remuneration relative to the organization's $37.8 million revenue in 2023.
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 Health Centers's IRS 990 filings:
- Lack of detailed spending breakdown (program, admin, fundraising) in summary data prevents precise efficiency assessment.
- 0% officer compensation reported in summary data may obscure actual executive remuneration if it's reported under other expense lines.
Strengths
The following positive indicators were identified for Healthreach Community Health Centers:
- Consistent and significant revenue growth over a decade, from $18.3M in 2014 to $37.8M in 2023.
- Healthy financial surpluses maintained annually, indicating effective expense management (e.g., $4.4M surplus in 2023).
- Strong and growing asset base, reaching $40.9 million in 2023, providing long-term stability.
- Liabilities are well-managed and represent a reasonable proportion of assets (e.g., $8.46M liabilities vs. $40.9M assets in 2023).
Frequently Asked Questions about Healthreach Community Health Centers
Is Healthreach Community Health Centers a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthreach Community Health Centers (EIN: 16023664) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Healthreach Community Health Centers spend its money?
Healthreach Community Health Centers directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Healthreach Community Health Centers tax-deductible?
Healthreach Community Health Centers is registered as a tax-exempt nonprofit (EIN: 16023664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Healthreach Community Health Centers CEO make?
Healthreach Community Health Centers's highest-compensated officer earns $37.8 annually. The organization reported $43.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Healthreach Community Health Centers's spending goes to programs?
Healthreach Community Health Centers directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Healthreach Community Health Centers compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Healthreach Community Health Centers is above average for NTEE category E39Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Healthreach Community Health Centers located?
Healthreach Community Health Centers is headquartered in Waterville, Maine and files with the IRS under EIN 16023664. It is classified under NTEE code E39Z.
How many years of IRS 990 filings does Healthreach Community Health Centers have?
Healthreach Community Health Centers 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 $43.2M in total revenue.
Is Healthreach Community Health Centers a good charity?
Based on the provided financial data, Healthreach Community Health Centers appears to be a well-managed and financially healthy organization. It demonstrates consistent revenue growth, maintains healthy surpluses, and has a strong asset base. The absence of reported officer compensation in this summary data is a positive indicator of efficiency, though a full 990 review would provide more detailed insights into spending allocations.
How has Healthreach Community Health Centers' revenue changed over time?
Healthreach Community Health Centers has experienced significant and consistent revenue growth, increasing from $18,315,677 in 2014 to $37,789,853 in 2023, nearly doubling its revenue in a decade.
What is the organization's financial stability?
The organization exhibits strong financial stability, consistently generating surpluses (e.g., $37.8M revenue vs. $33.4M expenses in 2023) and accumulating assets, which grew from $8.9 million in 2014 to $40.9 million in 2023. Its liabilities are also well-managed relative to its assets.
Does Healthreach Community Health Centers pay its officers?
The provided summary data for all reported periods (2014-2023) indicates 0% officer compensation. This suggests that officers may be volunteers or their compensation is categorized differently within the full IRS 990 filing, which would need to be reviewed for specifics.
Filing History
IRS 990 filing history for Healthreach Community Health Centers showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthreach Community Health Centers's revenue has grown by 96%, moving from $19.3M to $37.8M. Total assets increased by 637.2% over the same period, from $5.5M to $40.9M. Total functional expenses rose by 88.3%, from $17.7M to $33.4M. In its most recent filing year (2023), Healthreach Community Health Centers reported a surplus of $4.4M, with revenue exceeding expenses. The organization holds $8.5M in liabilities against $40.9M in assets (debt-to-asset ratio: 20.7%), resulting in net assets of $32.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $37.8M | $33.4M | $40.9M | $8.5M | — | View 990 |
| 2022 | $34.3M | $30.1M | $35.3M | $9.1M | — | View 990 |
| 2021 | $29.8M | $26.3M | $25.5M | $2.7M | — | View 990 |
| 2020 | $27.8M | $24.9M | $23.0M | $3.7M | — | View 990 |
| 2019 | $26.1M | $23.2M | $18.5M | $2.1M | — | View 990 |
| 2018 | $22.8M | $21.5M | $15.3M | $2.1M | — | View 990 |
| 2017 | $22.4M | $20.7M | $14.3M | $2.1M | — | — |
| 2016 | $21.1M | $19.7M | $12.4M | $2.1M | — | View 990 |
| 2015 | $19.9M | $18.2M | $10.3M | $1.6M | — | View 990 |
| 2014 | $18.3M | $16.8M | $8.9M | $1.8M | — | View 990 |
| 2013 | $15.9M | $15.2M | $7.3M | $1.7M | — | View 990 |
| 2012 | $15.6M | $14.7M | $6.5M | $1.6M | — | View 990 |
| 2011 | $19.3M | $17.7M | $5.5M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37.8M, expenses of $33.4M, and assets of $40.9M (revenue +10.2% year-over-year).
- 2022: Revenue of $34.3M, expenses of $30.1M, and assets of $35.3M (revenue +15.3% year-over-year).
- 2021: Revenue of $29.8M, expenses of $26.3M, and assets of $25.5M (revenue +7.1% year-over-year).
- 2020: Revenue of $27.8M, expenses of $24.9M, and assets of $23.0M (revenue +6.6% year-over-year).
- 2019: Revenue of $26.1M, expenses of $23.2M, and assets of $18.5M (revenue +14.4% year-over-year).
- 2018: Revenue of $22.8M, expenses of $21.5M, and assets of $15.3M (revenue +1.6% year-over-year).
- 2017: Revenue of $22.4M, expenses of $20.7M, and assets of $14.3M (revenue +6.1% year-over-year).
- 2016: Revenue of $21.1M, expenses of $19.7M, and assets of $12.4M (revenue +6.0% year-over-year).
- 2015: Revenue of $19.9M, expenses of $18.2M, and assets of $10.3M (revenue +8.8% year-over-year).
- 2014: Revenue of $18.3M, expenses of $16.8M, and assets of $8.9M (revenue +14.9% year-over-year).
- 2013: Revenue of $15.9M, expenses of $15.2M, and assets of $7.3M (revenue +2.5% year-over-year).
- 2012: Revenue of $15.6M, expenses of $14.7M, and assets of $6.5M (revenue -19.3% year-over-year).
- 2011: Revenue of $19.3M, expenses of $17.7M, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healthreach Community Health Centers:
Data Sources and Methodology
This transparency report for Healthreach Community Health Centers 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.