Healthy New Albany Inc
Healthy New Albany Inc. consistently operates at a deficit but maintains strong asset reserves and no reported officer compensation.
EIN: 203840246 · New Albany, OH · NTEE: E12 · Updated: 2026-03-28
Is Healthy New Albany Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healthy New Albany Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthy New Albany Inc
Healthy New Albany Inc (EIN: 203840246) is a nonprofit organization based in New Albany, OH, classified under NTEE code E12. The organization reported total revenue of $1.1M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthy New Albany 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 Healthy New Albany Inc with a Mission Score of 80 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, Healthy New Albany Inc 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.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting either a volunteer-led executive team or compensation is reported under different expense categories.
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 Healthy New Albany Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $1,208,813 expenses vs. $1,056,439 revenue in 2023)
- Unexplained 0% officer compensation for an organization of this size
Strengths
The following positive indicators were identified for Healthy New Albany Inc:
- Strong asset base ($3,417,104 in 2023) providing financial stability
- Very low liabilities ($78,803 in 2023) indicating minimal debt
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership
Frequently Asked Questions about Healthy New Albany Inc
Is Healthy New Albany Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthy New Albany Inc (EIN: 203840246) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Healthy New Albany Inc spend its money?
Healthy New Albany Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Healthy New Albany Inc tax-deductible?
Healthy New Albany Inc is registered as a tax-exempt nonprofit (EIN: 203840246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Healthy New Albany Inc. cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue (e.g., $1,208,813 expenses vs. $1,056,439 revenue in 2023). This suggests they are drawing from accumulated assets or receiving non-revenue contributions not detailed in the provided revenue figures to cover operational costs.
What is the source of the organization's substantial asset base despite operational deficits?
Healthy New Albany Inc. has maintained assets over $3 million for several years, even with recurring operational deficits. This indicates significant initial funding or substantial non-operating contributions in prior periods that built up these reserves, which are now being used to sustain operations.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with over $1 million in annual revenue. This could mean the executive leadership is entirely volunteer-based, or their compensation is categorized differently within the expense structure, which would require a deeper dive into the full 990 forms.
Filing History
IRS 990 filing history for Healthy New Albany Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthy New Albany Inc's revenue has grown by 418.4%, moving from $204K to $1.1M. Total assets increased by 400.7% over the same period, from $682K to $3.4M. Total functional expenses rose by 931.4%, from $117K to $1.2M. In its most recent filing year (2023), Healthy New Albany Inc reported a deficit of $152K, with expenses exceeding revenue. The organization holds $79K in liabilities against $3.4M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $3.4M | $79K | — | — |
| 2022 | $1.0M | $1.2M | $3.3M | $40K | — | — |
| 2021 | $911K | $1.1M | $3.7M | $45K | — | View 990 |
| 2020 | $844K | $928K | $3.6M | $35K | — | View 990 |
| 2019 | $790K | $988K | $3.4M | $11K | — | View 990 |
| 2018 | $598K | $858K | $3.2M | $9K | — | View 990 |
| 2017 | $632K | $732K | $3.2M | $4K | — | View 990 |
| 2016 | $453K | $502K | $3.2M | $14K | — | View 990 |
| 2015 | $433K | $574K | $3.3M | $9K | — | View 990 |
| 2014 | $1.3M | $368K | $2.2M | $184K | — | View 990 |
| 2013 | $370K | $207K | $1.1M | $740 | — | View 990 |
| 2012 | $307K | $147K | $884K | $0 | — | View 990 |
| 2011 | $204K | $117K | $682K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $3.4M (revenue +4.8% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.2M, and assets of $3.3M (revenue +10.6% year-over-year).
- 2021: Revenue of $911K, expenses of $1.1M, and assets of $3.7M (revenue +7.9% year-over-year).
- 2020: Revenue of $844K, expenses of $928K, and assets of $3.6M (revenue +6.9% year-over-year).
- 2019: Revenue of $790K, expenses of $988K, and assets of $3.4M (revenue +32.1% year-over-year).
- 2018: Revenue of $598K, expenses of $858K, and assets of $3.2M (revenue -5.5% year-over-year).
- 2017: Revenue of $632K, expenses of $732K, and assets of $3.2M (revenue +39.5% year-over-year).
- 2016: Revenue of $453K, expenses of $502K, and assets of $3.2M (revenue +4.8% year-over-year).
- 2015: Revenue of $433K, expenses of $574K, and assets of $3.3M (revenue -65.9% year-over-year).
- 2014: Revenue of $1.3M, expenses of $368K, and assets of $2.2M (revenue +242.8% year-over-year).
- 2013: Revenue of $370K, expenses of $207K, and assets of $1.1M (revenue +20.5% year-over-year).
- 2012: Revenue of $307K, expenses of $147K, and assets of $884K (revenue +50.6% year-over-year).
- 2011: Revenue of $204K, expenses of $117K, and assets of $682K.
Data Sources and Methodology
This transparency report for Healthy New Albany 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.