Heartworks Childrens Medical Home Mission
EIN: 412075011 · Bayboro, NC · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $987K |
| Net Assets | $5.7M |
Is Heartworks Childrens Medical Home Mission Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heartworks Childrens Medical Home Mission
Heartworks Childrens Medical Home Mission (EIN: 412075011) is a nonprofit organization based in Bayboro, NC, classified under NTEE code P30. The organization reported total revenue of $1.1M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartworks Childrens Medical Home Mission's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartworks Childrens Medical Home Mission is a mid-size nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $999K |
| Total Expenses | $987K |
| Surplus / Deficit | +$12K |
| Total Assets | $5.8M |
| Total Liabilities | $87K |
| Net Assets | $5.7M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 70.5 months |
Financial Health Grade: A
In 2023, Heartworks Childrens Medical Home Mission reported a surplus of $12K with revenue exceeding expenses, holds 70.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Heartworks Childrens Medical Home Mission's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.9% | -4.6% | +2.0% |
| 2022 | +115.8% | +24.0% | +25.5% |
| 2021 | -16.8% | -16.3% | +7.2% |
| 2020 | +3.6% | +1.1% | +14.2% |
| 2019 | +13.3% | -0.4% | +10.3% |
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 Analysis Pending
AI enrichment for Heartworks Childrens Medical Home Mission 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 Heartworks Childrens Medical Home Mission 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Heartworks Childrens Medical Home Mission
Is Heartworks Childrens Medical Home Mission a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartworks Childrens Medical Home Mission (EIN: 412075011) insufficient data. 0 red flags identified, 0 strengths noted.
How does Heartworks Childrens Medical Home Mission spend its money?
Detailed spending breakdown data is not yet available for Heartworks Childrens Medical Home Mission. Check back for updated IRS 990 analysis.
Are donations to Heartworks Childrens Medical Home Mission tax-deductible?
Heartworks Childrens Medical Home Mission is registered as a tax-exempt nonprofit (EIN: 412075011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heartworks Childrens Medical Home Mission located?
Heartworks Childrens Medical Home Mission is headquartered in Bayboro, North Carolina and files with the IRS under EIN 412075011. It is classified under NTEE code P30.
How many years of IRS 990 filings does Heartworks Childrens Medical Home Mission have?
Heartworks Childrens Medical Home Mission has 12 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Heartworks Childrens Medical Home Mission showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Heartworks Childrens Medical Home Mission's revenue has grown by 100.7%, moving from $498K to $999K. Total assets increased by 1450.8% over the same period, from $374K to $5.8M. Total functional expenses rose by 111.3%, from $467K to $987K. In its most recent filing year (2023), Heartworks Childrens Medical Home Mission reported a surplus of $12K, with revenue exceeding expenses. The organization holds $87K in liabilities against $5.8M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $999K | $987K | $5.8M | $87K | — | View 990 |
| 2022 | $2.4M | $1.0M | $5.7M | $72K | — | View 990 |
| 2021 | $1.1M | $834K | $4.5M | $54K | — | View 990 |
| 2020 | $1.4M | $997K | $4.2M | $221K | — | View 990 |
| 2019 | $1.3M | $986K | $3.7M | $23K | — | View 990 |
| 2018 | $1.2M | $990K | $3.4M | $38K | — | View 990 |
| 2017 | $1.0M | $960K | $3.3M | $38K | — | View 990 |
| 2016 | $1.0M | $1.1M | $3.1M | $79K | — | View 990 |
| 2015 | $957K | $1.1M | $3.2M | $121K | — | View 990 |
| 2014 | $2.8M | $822K | $3.2M | $17K | — | View 990 |
| 2013 | $1.3M | $554K | $1.1M | $5K | — | View 990 |
| 2012 | $498K | $467K | $374K | $994 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $999K, expenses of $987K, and assets of $5.8M (revenue -58.9% year-over-year).
- 2022: Revenue of $2.4M, expenses of $1.0M, and assets of $5.7M (revenue +115.8% year-over-year).
- 2021: Revenue of $1.1M, expenses of $834K, and assets of $4.5M (revenue -16.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $997K, and assets of $4.2M (revenue +3.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $986K, and assets of $3.7M (revenue +13.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $990K, and assets of $3.4M (revenue +13.4% year-over-year).
- 2017: Revenue of $1.0M, expenses of $960K, and assets of $3.3M (revenue -2.9% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.1M, and assets of $3.1M (revenue +9.5% year-over-year).
- 2015: Revenue of $957K, expenses of $1.1M, and assets of $3.2M (revenue -65.8% year-over-year).
- 2014: Revenue of $2.8M, expenses of $822K, and assets of $3.2M (revenue +116.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $554K, and assets of $1.1M (revenue +159.7% year-over-year).
- 2012: Revenue of $498K, expenses of $467K, and assets of $374K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartworks Childrens Medical Home Mission:
Data Sources and Methodology
This transparency report for Heartworks Childrens Medical Home Mission 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.