Hoosick Falls Health Center
Hoosick Falls Health Center faces severe financial distress with persistent operating deficits and rapidly escalating liabilities.
EIN: 141370000 · Hoosick Falls, NY · NTEE: E910 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.4M |
| Total Expenses | $8.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $-8,283,341 |
| Transparency Score | 35/100 |
Is Hoosick Falls Health Center Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoosick Falls Health Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hoosick Falls Health Center
Hoosick Falls Health Center (EIN: 141370000) is a nonprofit organization based in Hoosick Falls, NY, classified under NTEE code E910. The organization reported total revenue of $7.4M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoosick Falls Health Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoosick Falls Health Center is a mid-size nonprofit that has been operating for 75 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $8.3M |
| Surplus / Deficit | $-2,734,616 |
| Total Assets | $4.8M |
| Total Liabilities | $13.0M |
| Net Assets | $-8,283,341 |
| Operating Margin | -49.0% |
| Debt-to-Asset Ratio | 274.1% |
| Months of Reserves | 6.9 months |
Financial Health Grade: C
In 2023, Hoosick Falls Health Center reported a deficit of $2.7M with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 274.1% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Hoosick Falls Health Center's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | +16.6% | -2.7% |
| 2022 | -21.1% | -12.6% | +0.3% |
| 2021 | -14.6% | -0.6% | -7.7% |
| 2020 | -11.5% | -1.4% | -16.0% |
| 2019 | -8.3% | +0.3% | -13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
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 Hoosick Falls Health Center with a Mission Score of 35 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hoosick Falls Health Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 274.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer leadership or that executive compensation is not categorized as 'officer compensation' in the provided summary, which could obscure a significant operational cost for an organization with over $5 million in annual revenue.
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 Hoosick Falls Health Center's IRS 990 filings:
- Persistent operating deficits: Expenses consistently exceed revenue, e.g., $8.3M expenses vs. $5.5M revenue in 2023.
- Rapidly escalating liabilities: Liabilities more than doubled from $6.3M in 2019 to $13.0M in 2023.
- Insolvency: Liabilities ($13.0M in 2023) significantly exceed assets ($4.7M in 2023), indicating a negative net asset position.
- Declining revenue trend: Revenue has generally decreased from $8.7M in 2018 to $5.5M in 2023, while expenses remain high.
- Lack of detail on executive compensation: Consistent 0% officer compensation raises questions about leadership cost transparency.
Strengths
The following positive indicators were identified for Hoosick Falls Health Center:
- Long operating history: 14 filings indicate a long-standing presence in the community.
- Consistent asset base: Despite deficits, assets have remained relatively stable around $4-5 million in recent years, though insufficient to cover liabilities.
Frequently Asked Questions about Hoosick Falls Health Center
Is Hoosick Falls Health Center a legitimate charity?
Hoosick Falls Health Center (EIN: 141370000) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 35/100. It has 14 years of IRS 990 filings on record. Total revenue: $7.4M. 5 red flags identified. 2 strengths noted. Financial health grade: C.
How does Hoosick Falls Health Center spend its money?
Hoosick Falls Health Center directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hoosick Falls Health Center tax-deductible?
Hoosick Falls Health Center is registered as a tax-exempt nonprofit (EIN: 141370000). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hoosick Falls Health Center CEO make?
Hoosick Falls Health Center's highest-compensated officer earns $5 annually. The organization reported $7.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hoosick Falls Health Center's spending goes to programs?
Hoosick Falls Health Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hoosick Falls Health Center compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Hoosick Falls Health Center is below average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hoosick Falls Health Center located?
Hoosick Falls Health Center is headquartered in Hoosick Falls, New York and files with the IRS under EIN 141370000. It is classified under NTEE code E910.
How many years of IRS 990 filings does Hoosick Falls Health Center have?
Hoosick Falls Health Center has 14 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 $7.4M in total revenue.
How does Hoosick Falls Health Center plan to address its persistent operating deficits?
The provided data shows consistent deficits, such as $5.5M revenue against $8.3M expenses in 2023. The organization needs a clear strategy to increase revenue or significantly reduce expenses to achieve financial sustainability.
What is the breakdown of the organization's rapidly increasing liabilities?
Liabilities have more than doubled from $6.3M in 2019 to $13.0M in 2023. Understanding the nature of these liabilities (e.g., long-term debt, accounts payable) is crucial to assess financial risk.
Why is no officer compensation reported, and how are leadership costs covered?
The consistent 0% officer compensation is unusual for an organization of this size. Further inquiry is needed to understand if leadership is entirely volunteer or if compensation is reported under other expense categories.
What is the organization's strategy to improve its asset-to-liability ratio?
With assets of $4.7M and liabilities of $13.0M in 2023, the organization is deeply insolvent. A plan to increase assets or reduce liabilities is critical for long-term viability.
What are the specific program activities and their associated costs?
While the NTEE code indicates health services, the financial summary doesn't detail program spending. Understanding the impact and cost-effectiveness of its core programs is important given the overall financial struggles.
Filing History
IRS 990 filing history for Hoosick Falls Health Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hoosick Falls Health Center's revenue has declined by 13.6%, moving from $6.5M to $5.6M. Total assets decreased by 14.6% over the same period, from $5.6M to $4.8M. Total functional expenses rose by 27.3%, from $6.5M to $8.3M. In its most recent filing year (2023), Hoosick Falls Health Center reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $13.0M in liabilities against $4.8M in assets (debt-to-asset ratio: 274.1%), resulting in net assets of $-8,283,341.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $8.3M | $4.8M | $13.0M | — | — |
| 2022 | $4.8M | $7.1M | $4.9M | $10.4M | — | View 990 |
| 2021 | $6.1M | $8.2M | $4.9M | $8.1M | — | View 990 |
| 2020 | $7.1M | $8.2M | $5.3M | $6.4M | — | View 990 |
| 2019 | $8.1M | $8.3M | $6.3M | $6.3M | — | View 990 |
| 2018 | $8.8M | $8.3M | $7.3M | $7.0M | — | View 990 |
| 2017 | $6.5M | $7.6M | $4.2M | $4.4M | — | View 990 |
| 2016 | $6.3M | $6.6M | $3.6M | $2.8M | — | View 990 |
| 2015 | $6.4M | $6.7M | $3.6M | $2.5M | — | View 990 |
| 2014 | $6.4M | $6.8M | $4.3M | $2.8M | — | View 990 |
| 2013 | $6.7M | $6.3M | $5.1M | $3.2M | — | View 990 |
| 2012 | $6.3M | $6.3M | $5.1M | $3.6M | — | View 990 |
| 2011 | $6.7M | $6.5M | $5.3M | $3.9M | — | — |
| 2010 | $6.5M | $6.5M | $5.6M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.6M, expenses of $8.3M, and assets of $4.8M (revenue +16.3% year-over-year).
- 2022: Revenue of $4.8M, expenses of $7.1M, and assets of $4.9M (revenue -21.1% year-over-year).
- 2021: Revenue of $6.1M, expenses of $8.2M, and assets of $4.9M (revenue -14.6% year-over-year).
- 2020: Revenue of $7.1M, expenses of $8.2M, and assets of $5.3M (revenue -11.5% year-over-year).
- 2019: Revenue of $8.1M, expenses of $8.3M, and assets of $6.3M (revenue -8.3% year-over-year).
- 2018: Revenue of $8.8M, expenses of $8.3M, and assets of $7.3M (revenue +34.9% year-over-year).
- 2017: Revenue of $6.5M, expenses of $7.6M, and assets of $4.2M (revenue +3.7% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.6M, and assets of $3.6M (revenue -1.8% year-over-year).
- 2015: Revenue of $6.4M, expenses of $6.7M, and assets of $3.6M (revenue -0.5% year-over-year).
- 2014: Revenue of $6.4M, expenses of $6.8M, and assets of $4.3M (revenue -3.6% year-over-year).
- 2013: Revenue of $6.7M, expenses of $6.3M, and assets of $5.1M (revenue +6.4% year-over-year).
- 2012: Revenue of $6.3M, expenses of $6.3M, and assets of $5.1M (revenue -7.3% year-over-year).
- 2011: Revenue of $6.7M, expenses of $6.5M, and assets of $5.3M (revenue +4.5% year-over-year).
- 2010: Revenue of $6.5M, expenses of $6.5M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoosick Falls Health Center:
Data Sources and Methodology
This transparency report for Hoosick Falls Health Center 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.