North Carolina Hospital Engineers Assoc
EIN: 561397736 · Durham, NC · NTEE: Y03
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $900K |
| Net Assets | $775K |
Is North Carolina Hospital Engineers Assoc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About North Carolina Hospital Engineers Assoc
North Carolina Hospital Engineers Assoc (EIN: 561397736) is a nonprofit organization based in Durham, NC, classified under NTEE code Y03. The organization reported total revenue of $1.3M and total assets of $737K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Hospital Engineers Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Hospital Engineers Assoc is a mid-size nonprofit that has been operating for 2 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $900K |
| Surplus / Deficit | +$136K |
| Total Assets | $775K |
| Total Liabilities | $24 |
| Net Assets | $775K |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 10.3 months |
Financial Health Grade: A
In 2023, North Carolina Hospital Engineers Assoc reported a surplus of $136K with revenue exceeding expenses, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), North Carolina Hospital Engineers Assoc's revenue has grown at a compound annual growth rate (CAGR) of 25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +64.6% | +116.5% | +21.3% |
| 2022 | +298.2% | +13.5% | +50.3% |
| 2021 | -41.5% | +25.7% | -32.9% |
| 2020 | -59.5% | -52.9% | -3.2% |
| 2019 | +52.4% | +37.8% | +130.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for North Carolina Hospital Engineers Assoc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Carolina Hospital Engineers Assoc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $136K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about North Carolina Hospital Engineers Assoc
Is North Carolina Hospital Engineers Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Hospital Engineers Assoc (EIN: 561397736) insufficient data. 0 red flags identified, 0 strengths noted.
How does North Carolina Hospital Engineers Assoc spend its money?
Detailed spending breakdown data is not yet available for North Carolina Hospital Engineers Assoc. Check back for updated IRS 990 analysis.
Are donations to North Carolina Hospital Engineers Assoc tax-deductible?
North Carolina Hospital Engineers Assoc is registered as a tax-exempt nonprofit (EIN: 561397736). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Carolina Hospital Engineers Assoc located?
North Carolina Hospital Engineers Assoc is headquartered in Durham, North Carolina and files with the IRS under EIN 561397736. It is classified under NTEE code Y03.
How many years of IRS 990 filings does North Carolina Hospital Engineers Assoc have?
North Carolina Hospital Engineers Assoc has 10 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for North Carolina Hospital Engineers Assoc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), North Carolina Hospital Engineers Assoc's revenue has grown by 1484.2%, moving from $65K to $1.0M. Total assets increased by 428.9% over the same period, from $147K to $775K. Total functional expenses rose by 2546.6%, from $34K to $900K. In its most recent filing year (2023), North Carolina Hospital Engineers Assoc reported a surplus of $136K, with revenue exceeding expenses. The organization holds $24 in liabilities against $775K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $775K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $900K | $775K | $24 | — | — |
| 2022 | $630K | $416K | $639K | $0 | — | — |
| 2021 | $158K | $367K | $426K | $0 | — | — |
| 2020 | $270K | $292K | $634K | $0 | — | — |
| 2019 | $668K | $619K | $655K | $0 | — | — |
| 2015 | $439K | $450K | $285K | $0 | — | View 990 |
| 2014 | $426K | $353K | $296K | $0 | — | View 990 |
| 2013 | $386K | $395K | $222K | $0 | — | View 990 |
| 2012 | $373K | $309K | $211K | $0 | — | View 990 |
| 2011 | $65K | $34K | $147K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $900K, and assets of $775K (revenue +64.6% year-over-year).
- 2022: Revenue of $630K, expenses of $416K, and assets of $639K (revenue +298.2% year-over-year).
- 2021: Revenue of $158K, expenses of $367K, and assets of $426K (revenue -41.5% year-over-year).
- 2020: Revenue of $270K, expenses of $292K, and assets of $634K (revenue -59.5% year-over-year).
- 2019: Revenue of $668K, expenses of $619K, and assets of $655K (revenue +52.4% year-over-year).
- 2015: Revenue of $439K, expenses of $450K, and assets of $285K (revenue +2.9% year-over-year).
- 2014: Revenue of $426K, expenses of $353K, and assets of $296K (revenue +10.6% year-over-year).
- 2013: Revenue of $386K, expenses of $395K, and assets of $222K (revenue +3.3% year-over-year).
- 2012: Revenue of $373K, expenses of $309K, and assets of $211K (revenue +470.5% year-over-year).
- 2011: Revenue of $65K, expenses of $34K, and assets of $147K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Hospital Engineers Assoc:
Data Sources and Methodology
This transparency report for North Carolina Hospital Engineers Assoc 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.