New Hampshire Individual Health Plan Benefit Association
New Hampshire Individual Health Plan Benefit Association consistently operates at near break-even with no reported officer compensation.
EIN: 20499340 · Concord, NH · NTEE: Y20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70.0M |
| Total Expenses | $63.1M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $0 |
| Transparency Score | 90/100 |
Is New Hampshire Individual Health Plan Benefit Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hampshire Individual Health Plan Benefit Association directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hampshire Individual Health Plan Benefit Association
New Hampshire Individual Health Plan Benefit Association (EIN: 20499340) is a nonprofit organization based in Concord, NH, classified under NTEE code Y20. The organization reported total revenue of $70.0M and total assets of $24.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Individual Health Plan Benefit Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Individual Health Plan Benefit Association is a major nonprofit that has been operating for 4 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63.1M |
| Total Expenses | $63.1M |
| Surplus / Deficit | $-11,683 |
| Total Assets | $22.7M |
| Total Liabilities | $22.7M |
| Net Assets | $0 |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 4.3 months |
Financial Health Grade: C
In 2023, New Hampshire Individual Health Plan Benefit Association reported a deficit of $12K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 9 years of filings (2011–2023), New Hampshire Individual Health Plan Benefit Association's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.9% | -4.8% | -7.3% |
| 2022 | +230.4% | +230.3% | -8.1% |
| 2021 | +2747.8% | +2293.2% | +885.0% |
| 2016 | -84.6% | -81.8% | -21.9% |
| 2015 | -47.4% | -62.8% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2022 |
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 New Hampshire Individual Health Plan Benefit Association 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, New Hampshire Individual Health Plan Benefit Association 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly efficient and transparent for an organization of its size with recent revenues exceeding $60 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.
Strengths
The following positive indicators were identified for New Hampshire Individual Health Plan Benefit Association:
- Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
- Consistent near break-even operations, suggesting effective financial management and direct application of funds to mission.
- Substantial asset base (e.g., $24,310,027 latest assets) providing financial stability.
- Strong transparency regarding executive compensation.
- Consistent financial reporting over nine periods, demonstrating accountability.
Frequently Asked Questions about New Hampshire Individual Health Plan Benefit Association
Is New Hampshire Individual Health Plan Benefit Association a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Individual Health Plan Benefit Association (EIN: 20499340) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does New Hampshire Individual Health Plan Benefit Association spend its money?
New Hampshire Individual Health Plan Benefit Association directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Hampshire Individual Health Plan Benefit Association tax-deductible?
New Hampshire Individual Health Plan Benefit Association is registered as a tax-exempt nonprofit (EIN: 20499340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Hampshire Individual Health Plan Benefit Association CEO make?
New Hampshire Individual Health Plan Benefit Association's highest-compensated officer earns $60 annually. The organization reported $70.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does New Hampshire Individual Health Plan Benefit Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New Hampshire Individual Health Plan Benefit Association is above average for NTEE category Y20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hampshire Individual Health Plan Benefit Association located?
New Hampshire Individual Health Plan Benefit Association is headquartered in Concord, New Hampshire and files with the IRS under EIN 20499340. It is classified under NTEE code Y20.
How many years of IRS 990 filings does New Hampshire Individual Health Plan Benefit Association have?
New Hampshire Individual Health Plan Benefit Association has 9 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 $70.0M in total revenue.
Is the New Hampshire Individual Health Plan Benefit Association financially stable?
Yes, the organization appears financially stable. Its revenues and expenses have consistently been in close alignment, and it maintains a substantial asset base (e.g., $24,310,027 in latest assets) without significant deficits in recent years.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all nine available filings, indicating that no officers received salaries or other compensation from the organization, which is a strong indicator of efficiency.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally been in the tens of millions, with a notable increase in 2022 and 2023 compared to 2021. The organization consistently operates at a near break-even point, with expenses closely matching revenue (e.g., $63,129,062 revenue vs. $63,140,745 expenses in 2023).
What is the significance of assets and liabilities being equal in recent years?
The close matching of assets and liabilities (e.g., $22,694,901 assets and $22,694,901 liabilities in 2023) suggests that the organization may primarily function as a pass-through entity or a trust, holding funds on behalf of others rather than accumulating significant net assets.
Filing History
IRS 990 filing history for New Hampshire Individual Health Plan Benefit Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), New Hampshire Individual Health Plan Benefit Association's revenue has grown by 76.2%, moving from $35.8M to $63.1M. Total assets increased by 59% over the same period, from $14.3M to $22.7M. Total functional expenses rose by 71.4%, from $36.8M to $63.1M. In its most recent filing year (2023), New Hampshire Individual Health Plan Benefit Association reported a deficit of $12K, with expenses exceeding revenue. The organization holds $22.7M in liabilities against $22.7M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63.1M | $63.1M | $22.7M | $22.7M | — | View 990 |
| 2022 | $66.4M | $66.3M | $24.5M | $24.5M | — | View 990 |
| 2021 | $20.1M | $20.1M | $26.6M | $26.6M | — | View 990 |
| 2016 | $705K | $839K | $2.7M | $33K | — | View 990 |
| 2015 | $4.6M | $4.6M | $3.5M | $658K | — | View 990 |
| 2014 | $8.7M | $12.4M | $3.5M | $654K | — | View 990 |
| 2013 | $53.3M | $45.7M | $13.2M | $6.7M | — | View 990 |
| 2012 | $57.3M | $63.5M | $14.6M | $15.7M | — | View 990 |
| 2011 | $35.8M | $36.8M | $14.3M | $9.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63.1M, expenses of $63.1M, and assets of $22.7M (revenue -4.9% year-over-year).
- 2022: Revenue of $66.4M, expenses of $66.3M, and assets of $24.5M (revenue +230.4% year-over-year).
- 2021: Revenue of $20.1M, expenses of $20.1M, and assets of $26.6M (revenue +2747.8% year-over-year).
- 2016: Revenue of $705K, expenses of $839K, and assets of $2.7M (revenue -84.6% year-over-year).
- 2015: Revenue of $4.6M, expenses of $4.6M, and assets of $3.5M (revenue -47.4% year-over-year).
- 2014: Revenue of $8.7M, expenses of $12.4M, and assets of $3.5M (revenue -83.6% year-over-year).
- 2013: Revenue of $53.3M, expenses of $45.7M, and assets of $13.2M (revenue -7.0% year-over-year).
- 2012: Revenue of $57.3M, expenses of $63.5M, and assets of $14.6M (revenue +60.0% year-over-year).
- 2011: Revenue of $35.8M, expenses of $36.8M, and assets of $14.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Individual Health Plan Benefit Association:
Data Sources and Methodology
This transparency report for New Hampshire Individual Health Plan Benefit Association 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.