National Hockey League Health Fund

NHL Health Fund consistently disburses nearly all revenue as expenses, showing no officer compensation.

EIN: 113704359 · New York, NY · NTEE: Y43 · Updated: 2026-03-28

$44.0MRevenue

$9.9MAssets

90/100Mission Score (Excellent)

Y43

About National Hockey League Health Fund

National Hockey League Health Fund (EIN: 113704359) is a nonprofit organization based in New York, NY, classified under NTEE code Y43. The organization reported total revenue of $44.0M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Hockey League Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The National Hockey League Health Fund demonstrates a consistent operational model focused on providing health benefits, as evidenced by its NTEE code Y43 (Employee or Membership Benefit Organizations). The organization has shown significant growth in revenue, increasing from $15,967,881 in 2014 to $39,428,214 in 2023. This growth is largely matched by expenses, indicating that the fund is actively disbursing benefits. The fund's assets have also grown substantially, from $3,582,861 in 2014 to $8,363,724 in 2023, suggesting a healthy financial base to support its operations.

Spending efficiency appears to be high, with expenses closely tracking revenue, implying that most incoming funds are directly utilized for the organization's purpose. For instance, in 2023, expenses were $36,864,156 against revenues of $39,428,214, resulting in a modest surplus. The consistent reporting of 0% officer compensation across all filings indicates strong financial transparency regarding executive pay, as no salaries are drawn by officers from the fund. This structure suggests that administrative costs are likely minimal or covered by other means, allowing a greater proportion of funds to go towards program services.

While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the nature of a health fund typically implies that the vast majority of expenses are directly related to benefits (programs). The absence of officer compensation and the close alignment of expenses to revenue suggest a lean operational structure. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to regulatory compliance and financial transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates National Hockey League Health Fund 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, National Hockey League Health Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers do not draw salaries from the fund, which is highly unusual for an organization of this size and suggests administrative costs are either absorbed elsewhere or extremely low.

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 National Hockey League Health Fund's IRS 990 filings:

Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data, though typical for this NTEE code.
Consistent 0% officer compensation could indicate administrative costs are borne by a related entity, which might obscure the full operational picture if not disclosed elsewhere.

Strengths

The following positive indicators were identified for National Hockey League Health Fund:

Strong program spending, with expenses closely tracking revenue (e.g., $36,864,156 expenses vs. $39,428,214 revenue in 2023).
Consistent growth in revenue and assets over the past decade, indicating increasing capacity and reach.
Excellent transparency regarding executive compensation, reporting 0% officer compensation across all filings.
Consistent IRS 990 filing history (13 filings) demonstrates commitment to regulatory compliance.
Healthy asset base ($8,363,724 in 2023) provides financial stability.

Frequently Asked Questions about National Hockey League Health Fund

Is the National Hockey League Health Fund financially stable?

Yes, the fund appears financially stable. Its assets have grown from $3,582,861 in 2014 to $8,363,724 in 2023, and it consistently manages to cover its expenses with revenue, often generating a small surplus, such as in 2023 where revenue exceeded expenses by over $2.5 million.

How efficient is the National Hockey League Health Fund in its spending?

The fund demonstrates high spending efficiency, with expenses closely mirroring revenue. For example, in 2023, $36,864,156 in expenses were incurred against $39,428,214 in revenue, indicating that the vast majority of funds are directly applied to its purpose.

What is the trend in the fund's revenue and expenses?

Both revenue and expenses have shown a strong upward trend over the past decade, with revenue increasing from $15,967,881 in 2014 to $39,428,214 in 2023, and expenses rising proportionally, reflecting an expansion of its operations and services.

Does the fund have high administrative costs?

Based on the 0% officer compensation reported across all filings, it is highly probable that administrative costs are very low or covered by an external entity, allowing a greater proportion of funds to be directed towards program services.

Filing History

IRS 990 filing history for National Hockey League Health Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), National Hockey League Health Fund's revenue has grown by 246.9%, moving from $11.4M to $39.4M. Total assets increased by 43% over the same period, from $5.8M to $8.4M. Total functional expenses rose by 203.1%, from $12.2M to $36.9M. In its most recent filing year (2023), National Hockey League Health Fund reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $4.4M in liabilities against $8.4M in assets (debt-to-asset ratio: 53.0%), resulting in net assets of $3.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$39.4M	$36.9M	$8.4M	$4.4M	—	View 990
2022	$34.3M	$34.4M	$6.3M	$4.9M	—	View 990
2021	$28.6M	$32.1M	$5.5M	$4.0M	—	—
2020	$28.9M	$29.9M	$6.3M	$1.2M	—	—
2019	$25.9M	$28.2M	$7.3M	$1.3M	—	View 990
2018	$24.5M	$23.7M	$8.7M	$399K	—	View 990
2017	$22.5M	$21.0M	$8.0M	$540K	—	View 990
2016	$21.2M	$19.0M	$7.7M	$1.7M	—	View 990
2015	$19.7M	$17.6M	$5.4M	$1.7M	—	View 990
2014	$16.0M	$16.4M	$3.6M	$2.0M	—	View 990
2013	$15.3M	$15.1M	$3.4M	$1.3M	—	View 990
2012	$11.7M	$14.4M	$3.0M	$1.2M	—	View 990
2011	$11.4M	$12.2M	$5.8M	$1.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $39.4M, expenses of $36.9M, and assets of $8.4M (revenue +15.1% year-over-year).
2022: Revenue of $34.3M, expenses of $34.4M, and assets of $6.3M (revenue +19.9% year-over-year).
2021: Revenue of $28.6M, expenses of $32.1M, and assets of $5.5M (revenue -1.3% year-over-year).
2020: Revenue of $28.9M, expenses of $29.9M, and assets of $6.3M (revenue +11.6% year-over-year).
2019: Revenue of $25.9M, expenses of $28.2M, and assets of $7.3M (revenue +5.9% year-over-year).
2018: Revenue of $24.5M, expenses of $23.7M, and assets of $8.7M (revenue +8.7% year-over-year).
2017: Revenue of $22.5M, expenses of $21.0M, and assets of $8.0M (revenue +6.1% year-over-year).
2016: Revenue of $21.2M, expenses of $19.0M, and assets of $7.7M (revenue +7.8% year-over-year).
2015: Revenue of $19.7M, expenses of $17.6M, and assets of $5.4M (revenue +23.3% year-over-year).
2014: Revenue of $16.0M, expenses of $16.4M, and assets of $3.6M (revenue +4.4% year-over-year).
2013: Revenue of $15.3M, expenses of $15.1M, and assets of $3.4M (revenue +30.2% year-over-year).
2012: Revenue of $11.7M, expenses of $14.4M, and assets of $3.0M (revenue +3.3% year-over-year).
2011: Revenue of $11.4M, expenses of $12.2M, and assets of $5.8M.

Data Sources and Methodology

This transparency report for National Hockey League Health Fund 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.