Nova Institute For Health Inc
Nova Institute For Health Inc consistently operates at a deficit, drawing down significant assets over recent years.
EIN: 201799284 · Baltimore, MD · NTEE: E99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $2.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.3M |
| Transparency Score | 55/100 |
Is Nova Institute For Health Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nova Institute For Health Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Nova Institute For Health Inc
Nova Institute For Health Inc (EIN: 201799284) is a nonprofit organization based in Baltimore, MD, classified under NTEE code E99. The organization reported total revenue of $5.4M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nova Institute For Health Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nova Institute For Health Inc is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-411,407 |
| Total Assets | $12.1M |
| Total Liabilities | $741K |
| Net Assets | $11.3M |
| Operating Margin | -16.8% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 50.5 months |
Financial Health Grade: B
In 2023, Nova Institute For Health Inc reported a deficit of $411K with expenses exceeding revenue, holds 50.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Nova Institute For Health Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +170.9% | +9.7% | -0.6% |
| 2022 | -28.1% | -8.3% | -16.2% |
| 2021 | +67.4% | +1.8% | -7.4% |
| 2020 | -21.3% | -25.2% | -10.1% |
| 2019 | -82.8% | +37.1% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Nova Institute For Health Inc with a Mission Score of 55 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Nova Institute For Health Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $411K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with assets exceeding $11 million. This could indicate that executive compensation is either very low, not reported under this specific category, or that leadership is entirely volunteer-based.
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 Nova Institute For Health Inc's IRS 990 filings:
- Consistent operational deficits (e.g., 2023 expenses $2,865,971 vs. revenue $2,454,564)
- Significant decline in assets over recent years (from $19,590,448 in 2018 to $12,063,417 in 2023)
- Unexplained 0% officer compensation for an organization of this size
- Revenue volatility (e.g., $5,554,305 in 2018 vs. $906,218 in 2022)
Strengths
The following positive indicators were identified for Nova Institute For Health Inc:
- Maintains substantial assets ($12,063,417 in 2023) despite deficits
- Low reported liabilities relative to assets (e.g., $741,141 liabilities vs. $12,063,417 assets in 2023)
Frequently Asked Questions about Nova Institute For Health Inc
Is Nova Institute For Health Inc a legitimate charity?
Nova Institute For Health Inc (EIN: 201799284) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 55/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.4M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Nova Institute For Health Inc spend its money?
Nova Institute For Health Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Nova Institute For Health Inc tax-deductible?
Nova Institute For Health Inc is registered as a tax-exempt nonprofit (EIN: 201799284). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nova Institute For Health Inc CEO make?
Nova Institute For Health Inc's highest-compensated officer earns $11 annually. The organization reported $5.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nova Institute For Health Inc's spending goes to programs?
Nova Institute For Health Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Nova Institute For Health Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Nova Institute For Health Inc is near average for NTEE category E99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nova Institute For Health Inc located?
Nova Institute For Health Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 201799284. It is classified under NTEE code E99.
How many years of IRS 990 filings does Nova Institute For Health Inc have?
Nova Institute For Health Inc has 14 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 $5.4M in total revenue.
How does Nova Institute For Health Inc cover its consistent operational deficits?
The organization appears to be covering its operational deficits by drawing down its assets, which have decreased from $19,590,448 in 2018 to $12,063,417 in 2023.
What is the long-term sustainability of Nova Institute For Health Inc's financial model?
Given the consistent operational deficits and declining asset base, the long-term sustainability of the current financial model is questionable without a significant increase in revenue or reduction in expenses.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is unusual and warrants further investigation to understand how executive leadership is compensated, if at all, or if it's reported under a different expense category.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown of expenses in the provided data, it is difficult to precisely determine the allocation of funds across programs, administration, and fundraising.
Filing History
IRS 990 filing history for Nova Institute For Health Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Nova Institute For Health Inc's revenue has declined by 73.7%, moving from $9.3M to $2.5M. Total assets increased by 10.9% over the same period, from $10.9M to $12.1M. Total functional expenses rose by 65.4%, from $1.7M to $2.9M. In its most recent filing year (2023), Nova Institute For Health Inc reported a deficit of $411K, with expenses exceeding revenue. The organization holds $741K in liabilities against $12.1M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.9M | $12.1M | $741K | — | — |
| 2022 | $906K | $2.6M | $12.1M | $663K | — | — |
| 2021 | $1.3M | $2.8M | $14.5M | $932K | — | View 990 |
| 2020 | $753K | $2.8M | $15.6M | $686K | — | — |
| 2019 | $957K | $3.7M | $17.4M | $579K | — | View 990 |
| 2018 | $5.6M | $2.7M | $19.6M | $352K | — | View 990 |
| 2017 | $5.8M | $2.8M | $17.0M | $247K | — | View 990 |
| 2016 | $2.9M | $4.1M | $14.1M | $524K | — | View 990 |
| 2015 | $3.0M | $2.9M | $15.1M | $497K | — | View 990 |
| 2014 | $2.9M | $3.0M | $15.2M | $502K | — | View 990 |
| 2013 | $3.6M | $2.7M | $15.0M | $297K | — | View 990 |
| 2012 | $2.9M | $1.8M | $13.9M | $203K | — | View 990 |
| 2011 | $3.7M | $1.4M | $13.2M | $598K | — | View 990 |
| 2010 | $9.3M | $1.7M | $10.9M | $554K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.9M, and assets of $12.1M (revenue +170.9% year-over-year).
- 2022: Revenue of $906K, expenses of $2.6M, and assets of $12.1M (revenue -28.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $2.8M, and assets of $14.5M (revenue +67.4% year-over-year).
- 2020: Revenue of $753K, expenses of $2.8M, and assets of $15.6M (revenue -21.3% year-over-year).
- 2019: Revenue of $957K, expenses of $3.7M, and assets of $17.4M (revenue -82.8% year-over-year).
- 2018: Revenue of $5.6M, expenses of $2.7M, and assets of $19.6M (revenue -4.0% year-over-year).
- 2017: Revenue of $5.8M, expenses of $2.8M, and assets of $17.0M (revenue +99.1% year-over-year).
- 2016: Revenue of $2.9M, expenses of $4.1M, and assets of $14.1M (revenue -3.8% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.9M, and assets of $15.1M (revenue +2.9% year-over-year).
- 2014: Revenue of $2.9M, expenses of $3.0M, and assets of $15.2M (revenue -18.8% year-over-year).
- 2013: Revenue of $3.6M, expenses of $2.7M, and assets of $15.0M (revenue +26.1% year-over-year).
- 2012: Revenue of $2.9M, expenses of $1.8M, and assets of $13.9M (revenue -22.2% year-over-year).
- 2011: Revenue of $3.7M, expenses of $1.4M, and assets of $13.2M (revenue -60.5% year-over-year).
- 2010: Revenue of $9.3M, expenses of $1.7M, and assets of $10.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nova Institute For Health Inc:
Data Sources and Methodology
This transparency report for Nova Institute For Health 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.