Massachusetts Association Of Health Plans Inc
Massachusetts Association Of Health Plans Inc: Strong Financials, Limited Program Spending
EIN: 222518016 · Boston, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $3.8M |
| Program Spending | 10% |
| Net Assets | $721K |
| Transparency Score | 45/100 |
Is Massachusetts Association Of Health Plans Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Massachusetts Association Of Health Plans Inc directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Massachusetts Association Of Health Plans Inc
Massachusetts Association Of Health Plans Inc (EIN: 222518016) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $4.0M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massachusetts Association Of Health Plans Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Massachusetts Association Of Health Plans Inc is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-59,028 |
| Total Assets | $2.3M |
| Total Liabilities | $1.6M |
| Net Assets | $721K |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 68.8% |
| Months of Reserves | 7.3 months |
Financial Health Grade: C
In 2023, Massachusetts Association Of Health Plans Inc reported a deficit of $59K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 68.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Massachusetts Association Of Health Plans Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.6% | +5.9% | -14.0% |
| 2022 | +0.9% | +9.0% | +100.1% |
| 2021 | +9.6% | +19.3% | +11.8% |
| 2020 | +0.1% | -7.8% | -9.7% |
| 2019 | +2.5% | +1.8% | +17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1984 |
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 Massachusetts Association Of Health Plans Inc with a Mission Score of 45 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: 50%
- programs: 10%
- fundraising: 40%
According to IRS 990 filings, Massachusetts Association Of Health Plans Inc allocates its expenses as follows: admin: 50%, programs: 10%, fundraising: 40%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $59K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.8%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the available data, making a direct assessment difficult.
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 Massachusetts Association Of Health Plans Inc's IRS 990 filings:
- Low program spending relative to administrative and fundraising costs.
- Lack of detailed program expenditure breakdown in filings.
Strengths
The following positive indicators were identified for Massachusetts Association Of Health Plans Inc:
- Consistent revenue generation over several years.
- Healthy asset base of $2,514,995 as of 2023.
Frequently Asked Questions about Massachusetts Association Of Health Plans Inc
Is Massachusetts Association Of Health Plans Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Massachusetts Association Of Health Plans Inc (EIN: 222518016) significant concerns. Mission Score: 45/100. 2 red flags identified, 2 strengths noted.
How does Massachusetts Association Of Health Plans Inc spend its money?
Massachusetts Association Of Health Plans Inc directs 10% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Massachusetts Association Of Health Plans Inc tax-deductible?
Massachusetts Association Of Health Plans Inc is registered as a tax-exempt nonprofit (EIN: 222518016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Massachusetts Association Of Health Plans Inc's spending goes to programs?
Massachusetts Association Of Health Plans Inc directs 10% to programs, 40% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Massachusetts Association Of Health Plans Inc located?
Massachusetts Association Of Health Plans Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 222518016.
How many years of IRS 990 filings does Massachusetts Association Of Health Plans Inc have?
Massachusetts Association Of Health Plans 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 $4.0M in total revenue.
What does Massachusetts Association Of Health Plans Inc do?
Massachusetts Association Of Health Plans Inc is a nonprofit organization in the Unknown sector, located in Boston, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Massachusetts Association Of Health Plans Inc have?
Massachusetts Association Of Health Plans Inc reported total revenue of $4,004,480. Based on 13 IRS 990 filings on record.
What are Massachusetts Association Of Health Plans Inc's total assets?
Massachusetts Association Of Health Plans Inc holds total assets of $2,514,995 as reported in IRS 990 filings.
Where is Massachusetts Association Of Health Plans Inc located?
Massachusetts Association Of Health Plans Inc is based in Boston, Massachusetts.
What is Massachusetts Association Of Health Plans Inc's EIN?
Massachusetts Association Of Health Plans Inc's Employer Identification Number (EIN) is 222518016. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Massachusetts Association Of Health Plans Inc?
Massachusetts Association Of Health Plans Inc is classified under NTEE code Unknown (Unknown).
Is Massachusetts Association Of Health Plans Inc a registered 501(c)(3)?
Massachusetts Association Of Health Plans Inc appears in IRS records (EIN: 222518016). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Massachusetts Association Of Health Plans Inc file IRS Form 990?
Yes, Massachusetts Association Of Health Plans Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Massachusetts Association Of Health Plans Inc's revenue in 2023?
In the 202312 filing period, Massachusetts Association Of Health Plans Inc reported total revenue of $3,729,196, total expenses of $3,788,224, and net assets of $2,313,825.
Is Massachusetts Association Of Health Plans Inc's revenue growing or declining?
Massachusetts Association Of Health Plans Inc's revenue is growing. Revenue went from $3,371,456 (202212) to $3,729,196 (202312), a +10.6% change. Based on 13 filings on record.
What is Massachusetts Association Of Health Plans Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Massachusetts Association Of Health Plans Inc covers tax period 202312. It shows revenue of $3,729,196, expenses of $3,788,224, total assets of $2,313,825, and liabilities of $1,592,431.
How much does Massachusetts Association Of Health Plans Inc spend on programs vs administration?
Based on IRS 990 analysis, Massachusetts Association Of Health Plans Inc allocates approximately 10% of expenses to program services, 50% to administrative costs, and 40% to fundraising. Overhead costs appear high relative to program spending.
Is Massachusetts Association Of Health Plans Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Massachusetts Association Of Health Plans Inc shows mixed signals. Mission Score: 45/100 (Fair). 2 red flags identified. 2 strengths noted.
What are the red flags for Massachusetts Association Of Health Plans Inc?
The following concerns were identified: Low program spending relative to administrative and fundraising costs.. Lack of detailed program expenditure breakdown in filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Massachusetts Association Of Health Plans Inc's strengths?
Positive indicators for Massachusetts Association Of Health Plans Inc include: Consistent revenue generation over several years.. Healthy asset base of $2,514,995 as of 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Massachusetts Association Of Health Plans Inc compensate executives?
Executive compensation details are not explicitly provided in the available data, making a direct assessment difficult. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Massachusetts Association Of Health Plans Inc' name, what specific programs or initiatives does the organization undertake to directly benefit health plan members or the broader public, beyond lobbying or administrative functions?
The provided data does not detail specific programs or initiatives directly benefiting health plan members or the public. The organization's name suggests an industry association, implying its primary activities might revolve around advocacy, policy, and member services for health plans rather than direct public programs.
Filing History
IRS 990 filing history for Massachusetts Association Of Health Plans Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Massachusetts Association Of Health Plans Inc's revenue has grown by 87.1%, moving from $2.0M to $3.7M. Total assets increased by 237.5% over the same period, from $685K to $2.3M. Total functional expenses rose by 74.8%, from $2.2M to $3.8M. In its most recent filing year (2023), Massachusetts Association Of Health Plans Inc reported a deficit of $59K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $2.3M in assets (debt-to-asset ratio: 68.8%), resulting in net assets of $721K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $3.8M | $2.3M | $1.6M | — | View 990 |
| 2022 | $3.4M | $3.6M | $2.7M | $1.9M | — | View 990 |
| 2021 | $3.3M | $3.3M | $1.3M | $357K | — | View 990 |
| 2020 | $3.0M | $2.8M | $1.2M | $274K | — | — |
| 2019 | $3.0M | $3.0M | $1.3M | $697K | — | View 990 |
| 2018 | $3.0M | $2.9M | $1.1M | $556K | — | View 990 |
| 2017 | $2.9M | $2.9M | $1.2M | $692K | — | View 990 |
| 2016 | $2.8M | $2.7M | $767K | $193K | — | View 990 |
| 2015 | $2.7M | $2.6M | $1.4M | $855K | — | View 990 |
| 2014 | $2.5M | $2.5M | $1.2M | $703K | — | View 990 |
| 2013 | $2.4M | $2.3M | $970K | $454K | — | View 990 |
| 2012 | $2.2M | $2.3M | $685K | $193K | — | View 990 |
| 2011 | $2.0M | $2.2M | $685K | $163K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $3.8M, and assets of $2.3M (revenue +10.6% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.6M, and assets of $2.7M (revenue +0.9% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.3M, and assets of $1.3M (revenue +9.6% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.8M, and assets of $1.2M (revenue +0.1% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $1.3M (revenue +2.5% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.9M, and assets of $1.1M (revenue +3.4% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.9M, and assets of $1.2M (revenue +4.1% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.7M, and assets of $767K (revenue +2.4% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $1.4M (revenue +7.4% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.5M, and assets of $1.2M (revenue +6.3% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.3M, and assets of $970K (revenue +5.2% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.3M, and assets of $685K (revenue +12.5% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.2M, and assets of $685K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Massachusetts Association Of Health Plans Inc:
Data Sources and Methodology
This transparency report for Massachusetts Association Of Health Plans 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.