Hfp Management Inc
Hfp Management Inc: Declining Revenue, High Liabilities, and Lack of Transparency
EIN: 222800841 · Portland, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $400 |
| Net Assets | $43K |
| Transparency Score | 20/100 |
Is Hfp Management Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hfp Management Inc
Hfp Management Inc (EIN: 222800841) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hfp Management Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hfp Management Inc is a micro nonprofit that has been operating for 35 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -60.8%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $43 |
| Total Expenses | $400 |
| Surplus / Deficit | $-357 |
| Total Assets | $43K |
| Net Assets | $43K |
| Operating Margin | -830.2% |
| Months of Reserves | 1290.9 months |
Financial Health Grade: B
In 2017, Hfp Management Inc reported a deficit of $357 with expenses exceeding revenue, holds 1290.9 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2011–2017), Hfp Management Inc's revenue has declined at a compound annual growth rate (CAGR) of -60.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -2.3% | -38.7% | -71.7% |
| 2016 | -26.7% | +34.7% | -0.1% |
| 2015 | -34.8% | +21.0% | -0.3% |
| 2014 | -26.4% | — | -0.2% |
| 2013 | -99.2% | -100.0% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Hfp Management Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Hfp Management Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $357, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation expenses are reported in the available filings.
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 Hfp Management Inc's IRS 990 filings:
- Consistent reporting of $0 revenue and $0 expenses across all years, despite significant assets and liabilities.
- High and consistent liabilities (e.g., $108,015 in 2015-2017) with no clear source or use of funds.
- Lack of reported program service accomplishments or expenses, raising questions about its nonprofit activities.
- The organization's purpose and operational activities are not discernible from the provided financial data.
- Significant decline in reported assets from $152,743 in 2013 to $43,031 in 2017 without corresponding revenue or expense activity.
Strengths
The following positive indicators were identified for Hfp Management Inc:
- Consistent reporting of assets and liabilities, even if the activity is unclear.
Frequently Asked Questions about Hfp Management Inc
Is Hfp Management Inc a legitimate charity?
Hfp Management Inc (EIN: 222800841) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 20/100. It has 7 years of IRS 990 filings on record. 5 red flags identified. 1 strength noted. Financial health grade: B.
How does Hfp Management Inc spend its money?
Hfp Management Inc reported its financials in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hfp Management Inc tax-deductible?
Hfp Management Inc is registered as a tax-exempt nonprofit (EIN: 222800841). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hfp Management Inc located?
Hfp Management Inc is headquartered in Portland, Maine and files with the IRS under EIN 222800841.
How many years of IRS 990 filings does Hfp Management Inc have?
Hfp Management 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.
What does Hfp Management Inc do?
Hfp Management Inc is a nonprofit organization in the Unknown sector, located in Portland, Maine. It is classified under NTEE code Unknown.
How much revenue does Hfp Management Inc have?
Hfp Management Inc reported total revenue of N/A. Based on 7 IRS 990 filings on record.
What are Hfp Management Inc's total assets?
Hfp Management Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Hfp Management Inc located?
Hfp Management Inc is based in Portland, Maine.
What is Hfp Management Inc's EIN?
Hfp Management Inc's Employer Identification Number (EIN) is 222800841. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hfp Management Inc?
Hfp Management Inc is classified under NTEE code Unknown (Unknown).
Is Hfp Management Inc a registered 501(c)(3)?
Hfp Management Inc appears in IRS records (EIN: 222800841). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hfp Management Inc file IRS Form 990?
Yes, Hfp Management Inc has 7 IRS Form 990 filings on record. The most recent covers tax period 201706.
What was Hfp Management Inc's revenue in 2017?
In the 201706 filing period, Hfp Management Inc reported total revenue of $43, total expenses of $400, and net assets of $43,031.
Is Hfp Management Inc's revenue growing or declining?
Hfp Management Inc's revenue is relatively stable. Revenue went from $44 (201606) to $43 (201706), a -2.3% change. Based on 7 filings on record.
What is Hfp Management Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hfp Management Inc covers tax period 201706. It shows revenue of $43, expenses of $400, total assets of $43,031, and liabilities of N/A.
Is Hfp Management Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hfp Management Inc has notable concerns. Mission Score: 20/100 (Poor). 5 red flags identified. 1 strength noted.
What are the red flags for Hfp Management Inc?
The following concerns were identified: Consistent reporting of $0 revenue and $0 expenses across all years, despite significant assets and liabilities.. High and consistent liabilities (e.g., $108,015 in 2015-2017) with no clear source or use of funds.. Lack of reported program service accomplishments or expenses, raising questions about its nonprofit activities.. The organization's purpose and operational activities are not discernible from the provided financial data.. Significant decline in reported assets from $152,743 in 2013 to $43,031 in 2017 without corresponding revenue or expense activity.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hfp Management Inc's strengths?
Positive indicators for Hfp Management Inc include: Consistent reporting of assets and liabilities, even if the activity is unclear.. These findings are derived from AI analysis of the organization's financial filings.
How does Hfp Management Inc compensate executives?
Executive compensation cannot be assessed as no compensation expenses are reported in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 revenue and expenses, how does Hfp Management Inc sustain its operations and manage its significant liabilities, such as the $108,015 reported in 2017?
The provided data does not offer an explanation for how Hfp Management Inc sustains operations or manages liabilities with zero reported revenue and expenses. This suggests potential issues with reporting accuracy or an undisclosed funding mechanism.
What is the nature of the 'assets' reported by Hfp Management Inc, which decreased from $152,743 in 2013 to $43,031 in 2017, given the absence of any reported financial transactions?
The nature of these assets is not specified in the data. The decline in assets without corresponding revenue or expense activity is unusual and warrants further investigation into the organization's financial management and asset valuation.
Filing History
IRS 990 filing history for Hfp Management Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Hfp Management Inc's revenue has declined by 99.6%, moving from $12K to $43. Total assets decreased by 68.5% over the same period, from $137K to $43K. In its most recent filing year (2017), Hfp Management Inc reported a deficit of $357, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $43 | $400 | $43K | $0 | — | View 990 |
| 2016 | $44 | $652 | $152K | $108K | — | — |
| 2015 | $60 | $484 | $152K | $108K | — | View 990 |
| 2014 | $92 | $400 | $152K | $108K | — | View 990 |
| 2013 | $125 | $0 | $153K | $108K | — | View 990 |
| 2012 | $17K | $729 | $153K | $108K | — | View 990 |
| 2011 | $12K | $0 | $137K | $108K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $43, expenses of $400, and assets of $43K (revenue -2.3% year-over-year).
- 2016: Revenue of $44, expenses of $652, and assets of $152K (revenue -26.7% year-over-year).
- 2015: Revenue of $60, expenses of $484, and assets of $152K (revenue -34.8% year-over-year).
- 2014: Revenue of $92, expenses of $400, and assets of $152K (revenue -26.4% year-over-year).
- 2013: Revenue of $125, expenses of $0, and assets of $153K (revenue -99.2% year-over-year).
- 2012: Revenue of $17K, expenses of $729, and assets of $153K (revenue +39.7% year-over-year).
- 2011: Revenue of $12K, expenses of $0, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hfp Management Inc:
Data Sources and Methodology
This transparency report for Hfp Management 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.