Independent Health Foundation
Independent Health Foundation shows consistent financial stability with zero reported officer compensation.
EIN: 161417199 · Buffalo, NY · NTEE: E05 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $3.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Is Independent Health Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Health Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Health Foundation
Independent Health Foundation (EIN: 161417199) is a nonprofit organization based in Buffalo, NY, classified under NTEE code E05. The organization reported total revenue of $2.9M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Health Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Health Foundation is a mid-size nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 18.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$110K |
| Total Assets | $2.2M |
| Total Liabilities | $403K |
| Net Assets | $1.8M |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Independent Health Foundation reported a surplus of $110K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Independent Health Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +639.2% | +10.0% | +7.7% |
| 2022 | -86.3% | +5.6% | -57.0% |
| 2021 | +19.5% | +11.3% | +20.4% |
| 2020 | -3.2% | +7.6% | +13.5% |
| 2019 | +26.0% | +16.1% | +23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Independent Health Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not directly compensated, which is a highly positive sign for a nonprofit of its size with annual revenues often exceeding $2 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 Independent Health Foundation's IRS 990 filings:
- Significant revenue volatility in 2022 ($438,725) compared to surrounding years (e.g., $3,193,474 in 2021 and $3,242,982 in 2023).
- Large fluctuation in assets from $4,775,300 in 2021 to $2,051,238 in 2022, which could indicate a major divestment or revaluation.
Strengths
The following positive indicators were identified for Independent Health Foundation:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to mission over executive pay.
- Generally strong financial health with consistent revenue generation and positive net assets over a decade.
- Revenue consistently exceeds expenses in most years, demonstrating effective financial management (e.g., 2023 revenue $3,242,982 vs. expenses $3,133,258).
- Long history of IRS 990 filings (14 periods), indicating strong transparency and compliance.
Frequently Asked Questions about Independent Health Foundation
Is Independent Health Foundation a legitimate charity?
Independent Health Foundation (EIN: 161417199) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.9M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Independent Health Foundation spend its money?
Independent Health Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Independent Health Foundation tax-deductible?
Independent Health Foundation is registered as a tax-exempt nonprofit (EIN: 161417199). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Independent Health Foundation CEO make?
Independent Health Foundation's highest-compensated officer earns $2 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Independent Health Foundation's spending goes to programs?
Independent Health Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Independent Health Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Independent Health Foundation is above average for NTEE category E05 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independent Health Foundation located?
Independent Health Foundation is headquartered in Buffalo, New York and files with the IRS under EIN 161417199. It is classified under NTEE code E05.
How many years of IRS 990 filings does Independent Health Foundation have?
Independent Health Foundation 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 $2.9M in total revenue.
Is Independent Health Foundation a good charity?
Based on the available financial data, Independent Health Foundation appears to be a good charity. It demonstrates strong financial stability, consistent program spending, and exceptional transparency regarding executive compensation (0% reported).
What caused the significant drop in revenue in 2022?
The IRS 990 data shows a sharp decline in revenue from $3,193,474 in 2021 to $438,725 in 2022. While the data doesn't specify the exact cause, it's a notable anomaly that warrants further inquiry into funding sources or specific events during that period.
How does the organization manage its assets given the fluctuations?
The organization's assets fluctuated significantly, from a high of $4,775,300 in 2021 to $2,051,238 in 2022, then recovering to $2,208,933 in 2023. Understanding the investment strategies or major asset dispositions/acquisitions would provide more insight into their asset management practices.
Filing History
IRS 990 filing history for Independent Health Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Independent Health Foundation's revenue has grown by 814.9%, moving from $354K to $3.2M. Total assets increased by 29.3% over the same period, from $1.7M to $2.2M. Total functional expenses rose by 344.9%, from $704K to $3.1M. In its most recent filing year (2023), Independent Health Foundation reported a surplus of $110K, with revenue exceeding expenses. The organization holds $403K in liabilities against $2.2M in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.1M | $2.2M | $403K | — | — |
| 2022 | $439K | $2.8M | $2.1M | $418K | — | View 990 |
| 2021 | $3.2M | $2.7M | $4.8M | $549K | — | View 990 |
| 2020 | $2.7M | $2.4M | $4.0M | $338K | — | View 990 |
| 2019 | $2.8M | $2.3M | $3.5M | $208K | — | — |
| 2018 | $2.2M | $1.9M | $2.8M | $187K | — | View 990 |
| 2017 | $2.3M | $2.0M | $2.7M | $160K | — | View 990 |
| 2016 | $1.9M | $1.8M | $2.4M | $226K | — | View 990 |
| 2015 | $1.9M | $1.8M | $2.2M | $206K | — | View 990 |
| 2014 | $1.7M | $1.3M | $2.3M | $177K | — | View 990 |
| 2013 | $1.2M | $1.2M | $1.9M | $172K | — | View 990 |
| 2012 | $1.2M | $894K | $1.7M | $143K | — | View 990 |
| 2011 | $647K | $838K | $1.4M | $125K | — | View 990 |
| 2010 | $354K | $704K | $1.7M | $137K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.1M, and assets of $2.2M (revenue +639.2% year-over-year).
- 2022: Revenue of $439K, expenses of $2.8M, and assets of $2.1M (revenue -86.3% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.7M, and assets of $4.8M (revenue +19.5% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.4M, and assets of $4.0M (revenue -3.2% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.3M, and assets of $3.5M (revenue +26.0% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.9M, and assets of $2.8M (revenue -4.7% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.0M, and assets of $2.7M (revenue +20.4% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $2.4M (revenue -0.3% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.8M, and assets of $2.2M (revenue +13.0% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.3M, and assets of $2.3M (revenue +36.8% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $1.9M (revenue +4.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $894K, and assets of $1.7M (revenue +83.3% year-over-year).
- 2011: Revenue of $647K, expenses of $838K, and assets of $1.4M (revenue +82.5% year-over-year).
- 2010: Revenue of $354K, expenses of $704K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Health Foundation:
Data Sources and Methodology
This transparency report for Independent Health Foundation 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.