Holy Name Health Care Foundation Inc
Holy Name Health Care Foundation: Strong Asset Base, Fluctuating Revenue
EIN: 222737143 · Teaneck, NJ · NTEE: E22I · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $9.3M |
| Total Expenses | $12.5M |
| Program Spending | 70% |
| Net Assets | $15.3M |
| Transparency Score | 75/100 |
Is Holy Name Health Care Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holy Name Health Care Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Holy Name Health Care Foundation Inc
Holy Name Health Care Foundation Inc (EIN: 222737143) is a nonprofit organization based in Teaneck, NJ, classified under NTEE code E22I. The organization reported total revenue of $9.3M and total assets of $18.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Name Health Care Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Name Health Care Foundation Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.3M |
| Total Expenses | $12.5M |
| Surplus / Deficit | $-137,620 |
| Total Assets | $16.1M |
| Total Liabilities | $740K |
| Net Assets | $15.3M |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 15.5 months |
Financial Health Grade: B
In 2023, Holy Name Health Care Foundation Inc reported a deficit of $138K with expenses exceeding revenue, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Holy Name Health Care Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.2% | -54.0% | +4.5% |
| 2022 | +114.3% | +159.2% | -10.9% |
| 2021 | +108.9% | +199.0% | -2.5% |
| 2020 | +47.9% | -0.9% | +3.1% |
| 2019 | -37.8% | -7.8% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Holy Name Health Care Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Holy Name Health Care Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $138K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific salary figures from the 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 Holy Name Health Care Foundation Inc's IRS 990 filings:
- Significant fluctuation in revenue, from $23,813,959 in 2022 to $9,340,970 in 2023, warrants further investigation.
- Expenses exceeded revenue in 2022 ($27,112,040 vs $23,813,959), indicating a deficit for that year.
Strengths
The following positive indicators were identified for Holy Name Health Care Foundation Inc:
- Maintains a substantial asset base, with $18,015,545 in 2023, providing financial stability.
- Consistent positive net assets over the past several years.
- Low liability-to-asset ratio, with liabilities of $739,909 against $18,015,545 in assets for 2023.
Frequently Asked Questions about Holy Name Health Care Foundation Inc
Is Holy Name Health Care Foundation Inc a legitimate charity?
Holy Name Health Care Foundation Inc (EIN: 222737143) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Holy Name Health Care Foundation Inc spend its money?
Holy Name Health Care Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Holy Name Health Care Foundation Inc tax-deductible?
Holy Name Health Care Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222737143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Holy Name Health Care Foundation Inc's spending goes to programs?
Holy Name Health Care Foundation Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Holy Name Health Care Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Holy Name Health Care Foundation Inc is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holy Name Health Care Foundation Inc located?
Holy Name Health Care Foundation Inc is headquartered in Teaneck, New Jersey and files with the IRS under EIN 222737143. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Holy Name Health Care Foundation Inc have?
Holy Name Health Care Foundation Inc 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 $9.3M in total revenue.
What does Holy Name Health Care Foundation Inc do?
Holy Name Health Care Foundation Inc is a nonprofit organization in the Health Care sector, located in Teaneck, New Jersey. It is classified under NTEE code E22I.
How much revenue does Holy Name Health Care Foundation Inc have?
Holy Name Health Care Foundation Inc reported total revenue of $9,340,970. Based on 13 IRS 990 filings on record.
What are Holy Name Health Care Foundation Inc's total assets?
Holy Name Health Care Foundation Inc holds total assets of $18,015,545 as reported in IRS 990 filings.
Where is Holy Name Health Care Foundation Inc located?
Holy Name Health Care Foundation Inc is based in Teaneck, New Jersey.
What is Holy Name Health Care Foundation Inc's EIN?
Holy Name Health Care Foundation Inc's Employer Identification Number (EIN) is 222737143. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Holy Name Health Care Foundation Inc?
Holy Name Health Care Foundation Inc is classified under NTEE code E22I (Health Care).
Is Holy Name Health Care Foundation Inc a registered 501(c)(3)?
Yes, Holy Name Health Care Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222737143.
Does Holy Name Health Care Foundation Inc file IRS Form 990?
Yes, Holy Name Health Care Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Holy Name Health Care Foundation Inc's revenue in 2023?
In the 202312 filing period, Holy Name Health Care Foundation Inc reported total revenue of $12,340,368, total expenses of $12,477,988, and net assets of $16,081,419.
Is Holy Name Health Care Foundation Inc's revenue growing or declining?
Holy Name Health Care Foundation Inc's revenue is declining. Revenue went from $23,813,959 (202212) to $12,340,368 (202312), a -48.2% change. Based on 13 filings on record.
What is Holy Name Health Care Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Holy Name Health Care Foundation Inc covers tax period 202312. It shows revenue of $12,340,368, expenses of $12,477,988, total assets of $16,081,419, and liabilities of $739,909.
How much does Holy Name Health Care Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Holy Name Health Care Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Holy Name Health Care Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Holy Name Health Care Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Holy Name Health Care Foundation Inc?
The following concerns were identified: Significant fluctuation in revenue, from $23,813,959 in 2022 to $9,340,970 in 2023, warrants further investigation.. Expenses exceeded revenue in 2022 ($27,112,040 vs $23,813,959), indicating a deficit for that year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Holy Name Health Care Foundation Inc's strengths?
Positive indicators for Holy Name Health Care Foundation Inc include: Maintains a substantial asset base, with $18,015,545 in 2023, providing financial stability.. Consistent positive net assets over the past several years.. Low liability-to-asset ratio, with liabilities of $739,909 against $18,015,545 in assets for 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Holy Name Health Care Foundation Inc compensate executives?
Executive compensation cannot be assessed without specific salary figures from the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the sharp decline in revenue from $23.8M in 2022 to $9.3M in 2023, and how does the foundation plan to stabilize its funding streams?
The provided data shows a significant drop in revenue. Understanding the specific sources of this revenue (e.g., grants, donations, investment income) and the reasons for the decline would be crucial for assessing future financial sustainability.
Given the consistent asset base and fluctuating revenue, what is the foundation's strategy for utilizing its assets to support its mission during periods of lower income?
With assets consistently around $17-18 million, the foundation has a strong financial cushion. It would be important to know if these assets are restricted or unrestricted and how they are leveraged to ensure program continuity despite revenue volatility.
Filing History
IRS 990 filing history for Holy Name Health Care Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holy Name Health Care Foundation Inc's revenue has grown by 357.1%, moving from $2.7M to $12.3M. Total assets increased by 285.3% over the same period, from $4.2M to $16.1M. Total functional expenses rose by 553.1%, from $1.9M to $12.5M. In its most recent filing year (2023), Holy Name Health Care Foundation Inc reported a deficit of $138K, with expenses exceeding revenue. The organization holds $740K in liabilities against $16.1M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $15.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.3M | $12.5M | $16.1M | $740K | — | — |
| 2022 | $23.8M | $27.1M | $15.4M | $719K | — | View 990 |
| 2021 | $11.1M | $10.5M | $17.3M | $15.2M | — | View 990 |
| 2020 | $5.3M | $3.5M | $17.7M | $14.0M | — | View 990 |
| 2019 | $3.6M | $3.5M | $17.2M | $14.1M | — | View 990 |
| 2018 | $5.8M | $3.8M | $17.1M | $12.1M | — | View 990 |
| 2017 | $10.5M | $3.8M | $18.2M | $12.1M | — | View 990 |
| 2016 | $4.9M | $7.1M | $11.0M | $9.2M | — | View 990 |
| 2015 | $4.7M | $1.6M | $14.5M | $8.3M | — | View 990 |
| 2014 | $3.7M | $1.8M | $10.3M | $6.5M | — | View 990 |
| 2013 | $2.5M | $2.0M | $7.8M | $4.3M | — | View 990 |
| 2012 | $1.2M | $1.7M | $5.7M | $1.5M | — | View 990 |
| 2011 | $2.7M | $1.9M | $4.2M | $397K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.3M, expenses of $12.5M, and assets of $16.1M (revenue -48.2% year-over-year).
- 2022: Revenue of $23.8M, expenses of $27.1M, and assets of $15.4M (revenue +114.3% year-over-year).
- 2021: Revenue of $11.1M, expenses of $10.5M, and assets of $17.3M (revenue +108.9% year-over-year).
- 2020: Revenue of $5.3M, expenses of $3.5M, and assets of $17.7M (revenue +47.9% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.5M, and assets of $17.2M (revenue -37.8% year-over-year).
- 2018: Revenue of $5.8M, expenses of $3.8M, and assets of $17.1M (revenue -45.0% year-over-year).
- 2017: Revenue of $10.5M, expenses of $3.8M, and assets of $18.2M (revenue +114.6% year-over-year).
- 2016: Revenue of $4.9M, expenses of $7.1M, and assets of $11.0M (revenue +4.0% year-over-year).
- 2015: Revenue of $4.7M, expenses of $1.6M, and assets of $14.5M (revenue +26.7% year-over-year).
- 2014: Revenue of $3.7M, expenses of $1.8M, and assets of $10.3M (revenue +49.9% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.0M, and assets of $7.8M (revenue +108.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.7M, and assets of $5.7M (revenue -55.9% year-over-year).
- 2011: Revenue of $2.7M, expenses of $1.9M, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Name Health Care Foundation Inc:
Data Sources and Methodology
This transparency report for Holy Name Health Care Foundation 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.