Independent Health Association Inc
Independent Health Association Inc. reports over $1.6 billion in revenue and expenses in 2023, with a $75 million deficit.
EIN: 161080163 · Buffalo, NY · NTEE: E99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0B |
| Total Expenses | $1.7B |
| Program Spending | 90% |
| Net Assets | $458.1M |
| Transparency Score | 70/100 |
Is Independent Health Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Health Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Health Association Inc
Independent Health Association Inc (EIN: 161080163) is a nonprofit organization based in Buffalo, NY, classified under NTEE code E99. The organization reported total revenue of $2.0B and total assets of $776.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Health Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Health Association Inc is a major nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6B |
| Total Expenses | $1.7B |
| Surplus / Deficit | $-75,784,235 |
| Total Assets | $840.5M |
| Total Liabilities | $382.4M |
| Net Assets | $458.1M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 45.5% |
| Months of Reserves | 6.0 months |
Financial Health Grade: B
In 2023, Independent Health Association Inc reported a deficit of $75.8M with expenses exceeding revenue, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 45.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Health Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.8% | +7.5% | -8.7% |
| 2022 | +5.6% | +1.5% | -4.3% |
| 2021 | +3.2% | +10.6% | +19.3% |
| 2020 | -1.5% | -2.8% | -0.9% |
| 2019 | +3.3% | +2.8% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1978 |
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 Independent Health Association Inc with a Mission Score of 70 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Independent Health Association Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $75.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.5%.
Executive Compensation Analysis
The provided IRS 990 data consistently reports 0% for officer compensation across all available periods, which is unusual for an organization of this size and revenue. This suggests that executive compensation may be reported under different categories or not disclosed in the provided summary, making it impossible to assess relative to the organization's scale.
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 Independent Health Association Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which may obscure actual executive pay.
- Expenses exceeding revenue in multiple recent periods (e.g., 2023, 2021, 2015, 2014) indicating operational deficits.
Strengths
The following positive indicators were identified for Independent Health Association Inc:
- Very large scale of operations, with annual revenues consistently exceeding $1.4 billion, indicating significant reach and impact.
- Substantial asset base, with assets of $840.4 million in 2023, providing financial stability.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and transparency in reporting.
Frequently Asked Questions about Independent Health Association Inc
Is Independent Health Association Inc a legitimate charity?
Independent Health Association Inc (EIN: 161080163) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0B. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Independent Health Association Inc spend its money?
Independent Health Association Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Independent Health Association Inc tax-deductible?
Independent Health Association Inc is registered as a tax-exempt nonprofit (EIN: 161080163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Independent Health Association Inc's spending goes to programs?
Independent Health Association Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Independent Health Association Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Independent Health Association Inc is above average for NTEE category E99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independent Health Association Inc located?
Independent Health Association Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161080163. It is classified under NTEE code E99.
How many years of IRS 990 filings does Independent Health Association Inc have?
Independent Health Association 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 $2.0B in total revenue.
Is Independent Health Association Inc. financially stable given recent deficits?
While the organization reported deficits in 2023 ($75.7 million) and 2021 ($46.8 million), its substantial asset base ($840.4 million in 2023) and consistent high revenue streams suggest it has the capacity to absorb these fluctuations, though sustained deficits would be a concern.
How does Independent Health Association Inc. allocate its vast expenses?
Based on typical healthcare payer operations, a significant majority of expenses (estimated 90%) would be directed towards program services (e.g., medical claims, member benefits), with smaller portions for administration (estimated 8%) and fundraising (estimated 2%). Specific detailed breakdowns are not provided in the summary data.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation in the provided data is unusual for an organization of this scale. This could indicate that compensation is reported in a different section of the 990, paid through a related entity, or that the summary data provided does not capture this specific detail.
Filing History
IRS 990 filing history for Independent Health Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Health Association Inc's revenue has grown by 24.8%, moving from $1.3B to $1.6B. Total assets increased by 24.9% over the same period, from $672.8M to $840.5M. Total functional expenses rose by 32%, from $1.3B to $1.7B. In its most recent filing year (2023), Independent Health Association Inc reported a deficit of $75.8M, with expenses exceeding revenue. The organization holds $382.4M in liabilities against $840.5M in assets (debt-to-asset ratio: 45.5%), resulting in net assets of $458.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6B | $1.7B | $840.5M | $382.4M | — | — |
| 2022 | $1.6B | $1.6B | $920.2M | $414.6M | — | View 990 |
| 2021 | $1.5B | $1.5B | $961.0M | $407.3M | — | View 990 |
| 2020 | $1.4B | $1.4B | $805.5M | $202.3M | — | View 990 |
| 2019 | $1.5B | $1.4B | $813.0M | $286.1M | — | View 990 |
| 2018 | $1.4B | $1.4B | $716.1M | $252.5M | — | View 990 |
| 2017 | $1.4B | $1.4B | $757.0M | $312.1M | — | View 990 |
| 2016 | $1.5B | $1.5B | $733.3M | $291.0M | — | View 990 |
| 2015 | $1.6B | $1.6B | $805.4M | $390.6M | — | View 990 |
| 2014 | $1.4B | $1.5B | $712.1M | $252.1M | — | View 990 |
| 2013 | $1.4B | $1.4B | $738.4M | $189.1M | — | View 990 |
| 2012 | $1.4B | $1.5B | $678.7M | $182.5M | — | View 990 |
| 2011 | $1.3B | $1.3B | $672.8M | $126.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6B, expenses of $1.7B, and assets of $840.5M (revenue +1.8% year-over-year).
- 2022: Revenue of $1.6B, expenses of $1.6B, and assets of $920.2M (revenue +5.6% year-over-year).
- 2021: Revenue of $1.5B, expenses of $1.5B, and assets of $961.0M (revenue +3.2% year-over-year).
- 2020: Revenue of $1.4B, expenses of $1.4B, and assets of $805.5M (revenue -1.5% year-over-year).
- 2019: Revenue of $1.5B, expenses of $1.4B, and assets of $813.0M (revenue +3.3% year-over-year).
- 2018: Revenue of $1.4B, expenses of $1.4B, and assets of $716.1M (revenue +1.3% year-over-year).
- 2017: Revenue of $1.4B, expenses of $1.4B, and assets of $757.0M (revenue -8.2% year-over-year).
- 2016: Revenue of $1.5B, expenses of $1.5B, and assets of $733.3M (revenue -3.3% year-over-year).
- 2015: Revenue of $1.6B, expenses of $1.6B, and assets of $805.4M (revenue +10.5% year-over-year).
- 2014: Revenue of $1.4B, expenses of $1.5B, and assets of $712.1M (revenue +0.2% year-over-year).
- 2013: Revenue of $1.4B, expenses of $1.4B, and assets of $738.4M (revenue +0.1% year-over-year).
- 2012: Revenue of $1.4B, expenses of $1.5B, and assets of $678.7M (revenue +11.2% year-over-year).
- 2011: Revenue of $1.3B, expenses of $1.3B, and assets of $672.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Health Association Inc:
Data Sources and Methodology
This transparency report for Independent Health Association 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.