Nassau Health Care Foundation Inc
Nassau Health Care Foundation faces declining revenue and assets, with expenses consistently exceeding income in recent years.
EIN: 112033858 · East Meadow, NY · NTEE: H00Z · Updated: 2026-03-28
Is Nassau Health Care Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nassau Health Care Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nassau Health Care Foundation Inc
Nassau Health Care Foundation Inc (EIN: 112033858) is a nonprofit organization based in East Meadow, NY, classified under NTEE code H00Z. The organization reported total revenue of $2.1M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nassau Health Care Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
IRS Tax-Exempt Classification
| IRS Classification Codes | 8000 |
| IRS Ruling Date | 1965 |
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 Nassau Health Care Foundation Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nassau Health Care Foundation Inc 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 $526K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation directly from the organization, which is highly favorable for minimizing administrative costs.
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 Nassau Health Care Foundation Inc's IRS 990 filings:
- Significant and consistent decline in annual revenue from $9.8M in 2017 to $1.6M in 2023.
- Expenses frequently exceed revenue in recent years (e.g., $2,195,640 expenses vs. $1,670,093 revenue in 2023), indicating operating deficits.
- Total assets have decreased substantially from a peak of $10,838,821 in 2018 to $4,550,796 in 2023.
Strengths
The following positive indicators were identified for Nassau Health Care Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating strong fiscal responsibility regarding executive pay.
- Maintains substantial assets ($4,903,520 latest) despite recent financial challenges, providing some buffer.
Frequently Asked Questions about Nassau Health Care Foundation Inc
Is Nassau Health Care Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nassau Health Care Foundation Inc (EIN: 112033858) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Nassau Health Care Foundation Inc spend its money?
Nassau Health Care Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nassau Health Care Foundation Inc tax-deductible?
Nassau Health Care Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112033858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant drop in revenue from $9,820,410 in 2017 to $1,670,093 in 2023?
The provided data does not specify the exact reasons for this drastic revenue decline, but it suggests a major shift in funding sources, grant availability, or operational scope.
How does the organization cover its expenses when revenue is consistently lower, such as in 2023 ($1,670,093 revenue vs. $2,195,640 expenses)?
When expenses exceed revenue, organizations typically draw from their accumulated assets or reserves to cover the deficit. This trend, if sustained, can deplete an organization's financial stability.
What is the breakdown of program, administrative, and fundraising expenses, given the total expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency beyond executive compensation.
What are the specific programs or activities that Nassau Health Care Foundation Inc. supports?
The NTEE code H00Z indicates 'General Health' but the specific programs are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Nassau Health Care Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Nassau Health Care Foundation Inc's revenue has declined by 51.7%, moving from $3.5M to $1.7M. Total assets increased by 25% over the same period, from $3.6M to $4.6M. Total functional expenses fell by 33.8%, from $3.3M to $2.2M. In its most recent filing year (2023), Nassau Health Care Foundation Inc reported a deficit of $526K, with expenses exceeding revenue. The organization holds $59K in liabilities against $4.6M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.2M | $4.6M | $59K | — | — |
| 2022 | $2.2M | $2.3M | $5.1M | $92K | — | View 990 |
| 2021 | $1.8M | $2.1M | $5.0M | $0 | — | View 990 |
| 2020 | $1.9M | $1.9M | $5.3M | $0 | — | View 990 |
| 2019 | $1.9M | $7.4M | $5.3M | $0 | — | View 990 |
| 2018 | $9.2M | $7.2M | $10.8M | $0 | — | View 990 |
| 2017 | $9.8M | $7.0M | $8.9M | $0 | — | View 990 |
| 2016 | $7.1M | $5.2M | $6.1M | $0 | — | View 990 |
| 2015 | $6.2M | $5.9M | $4.2M | $0 | — | View 990 |
| 2014 | $6.1M | $6.3M | $3.9M | $0 | — | View 990 |
| 2013 | $5.9M | $5.6M | $4.1M | $0 | — | View 990 |
| 2012 | $5.3M | $5.1M | $3.8M | $0 | — | View 990 |
| 2011 | $4.2M | $4.3M | $3.6M | $0 | — | View 990 |
| 2010 | $3.5M | $3.3M | $3.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.2M, and assets of $4.6M (revenue -23.0% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.3M, and assets of $5.1M (revenue +23.5% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.1M, and assets of $5.0M (revenue -7.6% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $5.3M (revenue +0.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $7.4M, and assets of $5.3M (revenue -79.4% year-over-year).
- 2018: Revenue of $9.2M, expenses of $7.2M, and assets of $10.8M (revenue -6.3% year-over-year).
- 2017: Revenue of $9.8M, expenses of $7.0M, and assets of $8.9M (revenue +38.8% year-over-year).
- 2016: Revenue of $7.1M, expenses of $5.2M, and assets of $6.1M (revenue +14.3% year-over-year).
- 2015: Revenue of $6.2M, expenses of $5.9M, and assets of $4.2M (revenue +2.2% year-over-year).
- 2014: Revenue of $6.1M, expenses of $6.3M, and assets of $3.9M (revenue +2.3% year-over-year).
- 2013: Revenue of $5.9M, expenses of $5.6M, and assets of $4.1M (revenue +10.6% year-over-year).
- 2012: Revenue of $5.3M, expenses of $5.1M, and assets of $3.8M (revenue +27.2% year-over-year).
- 2011: Revenue of $4.2M, expenses of $4.3M, and assets of $3.6M (revenue +21.7% year-over-year).
- 2010: Revenue of $3.5M, expenses of $3.3M, and assets of $3.6M.
Data Sources and Methodology
This transparency report for Nassau Health Care Foundation 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.