Hoosier Care Inc
Hoosier Care Inc. consistently operates at a deficit with liabilities often exceeding assets.
EIN: 200377349 · Nashville, TN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.4M |
| Total Expenses | $26.2M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $26 |
| Net Assets | $-16,735,085 |
| Transparency Score | 55/100 |
Is Hoosier Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoosier Care Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hoosier Care Inc
Hoosier Care Inc (EIN: 200377349) is a nonprofit organization based in Nashville, TN. The organization reported total revenue of $26.4M and total assets of $69.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoosier Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoosier Care Inc is a large nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 43.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.0M |
| Total Expenses | $26.2M |
| Surplus / Deficit | $-2,207,868 |
| Total Assets | $60.3M |
| Total Liabilities | $77.0M |
| Net Assets | $-16,735,085 |
| Operating Margin | -9.2% |
| Debt-to-Asset Ratio | 127.8% |
| Months of Reserves | 27.6 months |
Financial Health Grade: C
In 2023, Hoosier Care Inc reported a deficit of $2.2M with expenses exceeding revenue, holds 27.6 months of operating reserves (strong position), has a debt-to-asset ratio of 127.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hoosier Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 43.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +6.2% | -4.4% |
| 2022 | -13.7% | -12.6% | +7.1% |
| 2021 | +46.4% | +41.6% | -5.4% |
| 2020 | +2.7% | +6.1% | -2.5% |
| 2019 | +2.6% | +12.4% | +55.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Hoosier Care Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hoosier Care Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 127.8%.
Executive Compensation Analysis
Officer compensation is reported as 0% across all available filings, suggesting either a fully volunteer executive leadership or that executive salaries are categorized differently, which could obscure a complete picture of leadership costs relative to the organization's size and revenue of over $26 million.
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 Hoosier Care Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in multiple periods, e.g., $26,203,503 expenses vs. $23,995,635 revenue in 2023.
- Liabilities frequently exceed assets, indicating potential solvency concerns, such as $77,009,339 liabilities vs. $60,274,254 assets in 2023.
- Lack of reported officer compensation (0%) across all filings, which may obscure true leadership costs for an organization of this size.
Strengths
The following positive indicators were identified for Hoosier Care Inc:
- Significant asset base, reaching $69,027,311 in the latest period, providing some financial cushion.
- Consistent revenue generation over $17 million annually, indicating a stable funding stream, despite not always covering expenses.
Frequently Asked Questions about Hoosier Care Inc
Is Hoosier Care Inc a legitimate charity?
Hoosier Care Inc (EIN: 200377349) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $26.4M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Hoosier Care Inc spend its money?
Hoosier Care Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Hoosier Care Inc tax-deductible?
Hoosier Care Inc is registered as a tax-exempt nonprofit (EIN: 200377349). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hoosier Care Inc CEO make?
Hoosier Care Inc's highest-compensated officer earns $26 annually. The organization reported $26.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hoosier Care Inc's spending goes to programs?
Hoosier Care Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Hoosier Care Inc located?
Hoosier Care Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 200377349.
How many years of IRS 990 filings does Hoosier Care Inc have?
Hoosier Care 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 $26.4M in total revenue.
How does Hoosier Care Inc. manage its consistent operational deficits?
The organization consistently reports expenses exceeding revenue, such as in 2023 where expenses were $26,203,503 against revenues of $23,995,635. This suggests a reliance on reserves, debt, or other funding mechanisms to cover operational costs.
What is the nature of Hoosier Care Inc.'s high liabilities?
Liabilities have frequently exceeded assets, for example, $77,009,339 in liabilities against $60,274,254 in assets in 2023. This indicates a significant reliance on borrowed funds or other financial obligations, which could impact long-term financial stability.
Why is officer compensation reported as 0% across all filings?
The consistent reporting of 0% officer compensation is unusual for an organization with over $26 million in revenue. It could mean executive leadership is entirely volunteer, or compensation is reported under other expense categories, which would affect transparency.
What is the organization's strategy for achieving financial sustainability?
Given the recurring operational deficits, the organization's strategy for achieving a balanced budget and reducing its high liabilities is not evident from the provided financial data alone.
Filing History
IRS 990 filing history for Hoosier Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hoosier Care Inc's revenue has grown by 7800.3%, moving from $304K to $24.0M. Total assets increased by 2654.4% over the same period, from $2.2M to $60.3M. Total functional expenses rose by 31210.2%, from $84K to $26.2M. In its most recent filing year (2023), Hoosier Care Inc reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $77.0M in liabilities against $60.3M in assets (debt-to-asset ratio: 127.8%), resulting in net assets of $-16,735,085.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.0M | $26.2M | $60.3M | $77.0M | — | View 990 |
| 2022 | $23.0M | $24.7M | $63.0M | $77.5M | — | View 990 |
| 2021 | $26.7M | $28.2M | $58.8M | $69.3M | — | — |
| 2020 | $18.2M | $19.9M | $62.2M | $76.9M | — | View 990 |
| 2019 | $17.7M | $18.8M | $63.8M | $76.3M | — | View 990 |
| 2018 | $17.3M | $16.7M | $41.1M | $51.5M | — | View 990 |
| 2017 | $18.1M | $17.9M | $42.5M | $52.0M | — | View 990 |
| 2016 | $16.5M | $15.5M | $44.2M | $53.4M | — | View 990 |
| 2015 | $22.1M | $21.4M | $36.9M | $46.6M | — | View 990 |
| 2014 | $23.3M | $21.8M | $36.8M | $47.2M | — | View 990 |
| 2013 | $18.8M | $17.8M | $42.5M | $48.2M | — | View 990 |
| 2012 | $304K | $74K | $2.4M | $825K | — | View 990 |
| 2011 | $304K | $84K | $2.2M | $889K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.0M, expenses of $26.2M, and assets of $60.3M (revenue +4.3% year-over-year).
- 2022: Revenue of $23.0M, expenses of $24.7M, and assets of $63.0M (revenue -13.7% year-over-year).
- 2021: Revenue of $26.7M, expenses of $28.2M, and assets of $58.8M (revenue +46.4% year-over-year).
- 2020: Revenue of $18.2M, expenses of $19.9M, and assets of $62.2M (revenue +2.7% year-over-year).
- 2019: Revenue of $17.7M, expenses of $18.8M, and assets of $63.8M (revenue +2.6% year-over-year).
- 2018: Revenue of $17.3M, expenses of $16.7M, and assets of $41.1M (revenue -4.7% year-over-year).
- 2017: Revenue of $18.1M, expenses of $17.9M, and assets of $42.5M (revenue +9.8% year-over-year).
- 2016: Revenue of $16.5M, expenses of $15.5M, and assets of $44.2M (revenue -25.2% year-over-year).
- 2015: Revenue of $22.1M, expenses of $21.4M, and assets of $36.9M (revenue -5.3% year-over-year).
- 2014: Revenue of $23.3M, expenses of $21.8M, and assets of $36.8M (revenue +24.0% year-over-year).
- 2013: Revenue of $18.8M, expenses of $17.8M, and assets of $42.5M (revenue +6083.4% year-over-year).
- 2012: Revenue of $304K, expenses of $74K, and assets of $2.4M (revenue +0.0% year-over-year).
- 2011: Revenue of $304K, expenses of $84K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoosier Care Inc:
Data Sources and Methodology
This transparency report for Hoosier Care 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.