Island Health & Wellness Foundation
Island Health & Wellness Foundation maintains strong assets despite consistent operating deficits and no officer compensation.
EIN: 16022815 · Deer Isle, ME · NTEE: E22Z · Updated: 2026-03-28
Is Island Health & Wellness Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Island Health & Wellness Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Island Health & Wellness Foundation
Island Health & Wellness Foundation (EIN: 16022815) is a nonprofit organization based in Deer Isle, ME, classified under NTEE code E22Z. The organization reported total revenue of $320K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Health & Wellness Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Health & Wellness Foundation is a small nonprofit that has been operating for 60 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $256K |
| Total Expenses | $280K |
| Surplus / Deficit | $-24,028 |
| Total Assets | $2.5M |
| Total Liabilities | $4K |
| Net Assets | $2.5M |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 107.3 months |
Financial Health Grade: B
In 2023, Island Health & Wellness Foundation reported a deficit of $24K with expenses exceeding revenue, holds 107.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Island Health & Wellness Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.9% | +11.5% | +3.9% |
| 2022 | -17.4% | +2.9% | -9.6% |
| 2021 | +82.4% | +105.7% | +4.7% |
| 2020 | -40.7% | -46.8% | +8.3% |
| 2020 | -11.9% | +14.6% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Island Health & Wellness Foundation with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Island Health & Wellness Foundation 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 $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor perception and efficient resource allocation relative to its size.
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 Island Health & Wellness Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022, 2021, 2020) where expenses exceeded revenue.
- Liabilities increased significantly in 2023 to $3,625 from $2,656 in 2022, though still a small percentage of assets.
Strengths
The following positive indicators were identified for Island Health & Wellness Foundation:
- Strong and growing asset base ($2,595,062 latest, up from $1,932,678 in 2016).
- Consistent 0% officer compensation across all reported filings, indicating efficient use of funds.
- Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.
- Low liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Island Health & Wellness Foundation
Is Island Health & Wellness Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Island Health & Wellness Foundation (EIN: 16022815) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Island Health & Wellness Foundation spend its money?
Island Health & Wellness Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Island Health & Wellness Foundation tax-deductible?
Island Health & Wellness Foundation is registered as a tax-exempt nonprofit (EIN: 16022815). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Island Health & Wellness Foundation a good charity?
Based on its strong asset base ($2,595,062), consistent 0% officer compensation, and regular IRS filings, it appears to be a well-managed organization with a commitment to its mission. However, its recurring operating deficits should be considered.
How does the organization fund its operations given the deficits?
The organization likely covers its operating deficits by drawing from its substantial asset base, which has grown over time despite periods of negative net income. This suggests a reliance on investment income or prior accumulated reserves.
What is the trend in the organization's financial health?
While assets have shown consistent growth, the organization has frequently spent more than it earned in recent years (e.g., expenses of $279,968 vs. revenue of $255,940 in 2023). This trend of operating deficits, if sustained, could eventually impact its long-term financial stability despite its current strong asset position.
Filing History
IRS 990 filing history for Island Health & Wellness Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Island Health & Wellness Foundation's revenue has grown by 100.4%, moving from $128K to $256K. Total assets increased by 71.4% over the same period, from $1.5M to $2.5M. Total functional expenses rose by 97.2%, from $142K to $280K. In its most recent filing year (2023), Island Health & Wellness Foundation reported a deficit of $24K, with expenses exceeding revenue. The organization holds $4K in liabilities against $2.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $256K | $280K | $2.5M | $4K | — | — |
| 2022 | $173K | $251K | $2.4M | $3K | — | — |
| 2021 | $210K | $244K | $2.7M | $9K | — | View 990 |
| 2020 | $115K | $119K | $2.5M | $15K | — | View 990 |
| 2020 | $194K | $223K | $2.4M | $9K | — | View 990 |
| 2019 | $220K | $195K | $2.4M | $11K | — | View 990 |
| 2018 | $176K | $227K | $2.3M | $3K | — | View 990 |
| 2017 | $448K | $224K | $2.3M | $13K | — | View 990 |
| 2016 | $174K | $202K | $1.9M | $12K | — | View 990 |
| 2015 | $558K | $187K | $2.0M | $4K | — | View 990 |
| 2014 | $188K | $185K | $1.6M | $4K | — | View 990 |
| 2013 | $167K | $152K | $1.6M | $4K | — | View 990 |
| 2012 | $162K | $149K | $1.5M | $3K | — | View 990 |
| 2011 | $128K | $142K | $1.5M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $256K, expenses of $280K, and assets of $2.5M (revenue +47.9% year-over-year).
- 2022: Revenue of $173K, expenses of $251K, and assets of $2.4M (revenue -17.4% year-over-year).
- 2021: Revenue of $210K, expenses of $244K, and assets of $2.7M (revenue +82.4% year-over-year).
- 2020: Revenue of $115K, expenses of $119K, and assets of $2.5M (revenue -40.7% year-over-year).
- 2020: Revenue of $194K, expenses of $223K, and assets of $2.4M (revenue -11.9% year-over-year).
- 2019: Revenue of $220K, expenses of $195K, and assets of $2.4M (revenue +25.4% year-over-year).
- 2018: Revenue of $176K, expenses of $227K, and assets of $2.3M (revenue -60.8% year-over-year).
- 2017: Revenue of $448K, expenses of $224K, and assets of $2.3M (revenue +156.8% year-over-year).
- 2016: Revenue of $174K, expenses of $202K, and assets of $1.9M (revenue -68.8% year-over-year).
- 2015: Revenue of $558K, expenses of $187K, and assets of $2.0M (revenue +197.0% year-over-year).
- 2014: Revenue of $188K, expenses of $185K, and assets of $1.6M (revenue +12.3% year-over-year).
- 2013: Revenue of $167K, expenses of $152K, and assets of $1.6M (revenue +3.0% year-over-year).
- 2012: Revenue of $162K, expenses of $149K, and assets of $1.5M (revenue +27.2% year-over-year).
- 2011: Revenue of $128K, expenses of $142K, and assets of $1.5M.
Data Sources and Methodology
This transparency report for Island Health & Wellness 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.