Healthyct Inc
EIN: 453366866 · Wallingford, CT · NTEE: Y200
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $39.4M |
| Net Assets | $-2,127,865 |
Is Healthyct Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Healthyct Inc
Healthyct Inc (EIN: 453366866) is a nonprofit organization based in Wallingford, CT, classified under NTEE code Y200. The organization reported total revenue of $5.1M and total assets of $15.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthyct Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthyct Inc is a mid-size nonprofit that has been operating for 13 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 143.7%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $39.4M |
| Surplus / Deficit | $-34,287,001 |
| Total Assets | $15.3M |
| Total Liabilities | $17.4M |
| Net Assets | $-2,127,865 |
| Operating Margin | -677.2% |
| Debt-to-Asset Ratio | 113.9% |
| Months of Reserves | 4.7 months |
Financial Health Grade: C
In 2017, Healthyct Inc reported a deficit of $34.3M with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 113.9% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Healthyct Inc's revenue has grown at a compound annual growth rate (CAGR) of 143.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -97.9% | -85.0% | -36.6% |
| 2016 | +27.7% | +16.9% | -78.7% |
| 2015 | +685.5% | +328.7% | +9.9% |
| 2014 | +80858.3% | +319.1% | +178.7% |
| 2013 | -7.0% | +149.8% | +1263.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Healthyct Inc 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 Healthyct Inc 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 113.9%.
Frequently Asked Questions about Healthyct Inc
Is Healthyct Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthyct Inc (EIN: 453366866) insufficient data. 0 red flags identified, 0 strengths noted.
How does Healthyct Inc spend its money?
Detailed spending breakdown data is not yet available for Healthyct Inc. Check back for updated IRS 990 analysis.
Are donations to Healthyct Inc tax-deductible?
Healthyct Inc is registered as a tax-exempt nonprofit (EIN: 453366866). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Healthyct Inc located?
Healthyct Inc is headquartered in Wallingford, Connecticut and files with the IRS under EIN 453366866. It is classified under NTEE code Y200.
How many years of IRS 990 filings does Healthyct Inc have?
Healthyct Inc has 7 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 $5.1M in total revenue.
Filing History
IRS 990 filing history for Healthyct Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Healthyct Inc's revenue has grown by 20832.1%, moving from $24K to $5.1M. Total assets increased by 217654% over the same period, from $7K to $15.3M. Total functional expenses rose by 19892.5%, from $197K to $39.4M. In its most recent filing year (2017), Healthyct Inc reported a deficit of $34.3M, with expenses exceeding revenue. The organization holds $17.4M in liabilities against $15.3M in assets (debt-to-asset ratio: 113.9%), resulting in net assets of $-2,127,865.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $5.1M | $39.4M | $15.3M | $17.4M | — | View 990 |
| 2016 | $245.8M | $263.0M | $24.2M | $35.2M | — | View 990 |
| 2015 | $192.4M | $225.1M | $113.4M | $77.3M | — | View 990 |
| 2014 | $24.5M | $52.5M | $103.2M | $45.0M | — | View 990 |
| 2013 | $30K | $12.5M | $37.0M | $23.4M | — | View 990 |
| 2012 | $33K | $5.0M | $2.7M | $8.2M | — | View 990 |
| 2011 | $24K | $197K | $7K | $180K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $5.1M, expenses of $39.4M, and assets of $15.3M (revenue -97.9% year-over-year).
- 2016: Revenue of $245.8M, expenses of $263.0M, and assets of $24.2M (revenue +27.7% year-over-year).
- 2015: Revenue of $192.4M, expenses of $225.1M, and assets of $113.4M (revenue +685.5% year-over-year).
- 2014: Revenue of $24.5M, expenses of $52.5M, and assets of $103.2M (revenue +80858.3% year-over-year).
- 2013: Revenue of $30K, expenses of $12.5M, and assets of $37.0M (revenue -7.0% year-over-year).
- 2012: Revenue of $33K, expenses of $5.0M, and assets of $2.7M (revenue +34.6% year-over-year).
- 2011: Revenue of $24K, expenses of $197K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healthyct Inc:
Data Sources and Methodology
This transparency report for Healthyct 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.