Shg Healthcare Group Ltd Health Care Benefits Trust
Shg Healthcare Group Ltd Health Care Benefits Trust maintains stable finances with no reported executive compensation.
EIN: 202464129 · Rockwall, TX · NTEE: Y43 · Updated: 2026-03-28
Is Shg Healthcare Group Ltd Health Care Benefits Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shg Healthcare Group Ltd Health Care Benefits Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shg Healthcare Group Ltd Health Care Benefits Trust
Shg Healthcare Group Ltd Health Care Benefits Trust (EIN: 202464129) is a nonprofit organization based in Rockwall, TX, classified under NTEE code Y43. The organization reported total revenue of $3.3M and total assets of $981K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shg Healthcare Group Ltd Health Care Benefits Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shg Healthcare Group Ltd Health Care Benefits Trust is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$55K |
| Total Assets | $753K |
| Total Liabilities | $209K |
| Net Assets | $544K |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 27.7% |
| Months of Reserves | 2.8 months |
Financial Health Grade: A
In 2023, Shg Healthcare Group Ltd Health Care Benefits Trust reported a surplus of $55K with revenue exceeding expenses, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 27.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shg Healthcare Group Ltd Health Care Benefits Trust's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | +14.7% | -2.9% |
| 2022 | +0.0% | -8.2% | -32.1% |
| 2021 | +13.9% | +23.3% | +12.5% |
| 2020 | +25.7% | +19.3% | +15.2% |
| 2019 | +21.6% | +36.1% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Shg Healthcare Group Ltd Health Care Benefits Trust with a Mission Score of 85 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: 90%
- fundraising: 5%
According to IRS 990 filings, Shg Healthcare Group Ltd Health Care Benefits Trust allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation is paid to officers, directors, or trustees. This is highly unusual for an organization of its size, with revenues exceeding $3 million, and suggests a volunteer-led or externally managed structure.
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 Shg Healthcare Group Ltd Health Care Benefits Trust's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unusually consistent 0% officer compensation for an organization of this size, which could mask indirect compensation or reliance on external entities.
Strengths
The following positive indicators were identified for Shg Healthcare Group Ltd Health Care Benefits Trust:
- Consistent financial stability with revenues generally covering expenses.
- No reported executive compensation, indicating high efficiency in this area.
- Positive net assets maintained over time, demonstrating financial solvency.
- Consistent filing history (13 filings) indicates good compliance.
Frequently Asked Questions about Shg Healthcare Group Ltd Health Care Benefits Trust
Is Shg Healthcare Group Ltd Health Care Benefits Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Shg Healthcare Group Ltd Health Care Benefits Trust (EIN: 202464129) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Shg Healthcare Group Ltd Health Care Benefits Trust spend its money?
Shg Healthcare Group Ltd Health Care Benefits Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shg Healthcare Group Ltd Health Care Benefits Trust tax-deductible?
Shg Healthcare Group Ltd Health Care Benefits Trust is registered as a tax-exempt nonprofit (EIN: 202464129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program services provided by Shg Healthcare Group Ltd Health Care Benefits Trust?
The NTEE code Y43 indicates 'Health Care Benefits,' suggesting the organization provides health-related benefits. However, the specific nature of these benefits (e.g., insurance, direct aid, wellness programs) is not detailed in the provided financial data.
How does Shg Healthcare Group Ltd Health Care Benefits Trust manage to operate without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer-led board and executive team, or that executive functions are handled by an external entity or related organization, with costs potentially embedded elsewhere or not directly compensated by this specific trust.
What is the detailed breakdown of expenses beyond total revenue and expenses?
The provided data only includes total revenue and expenses. A detailed breakdown into program services, administrative, and fundraising expenses would be necessary to fully assess spending efficiency and program focus.
What is the purpose of the 'Health Care Benefits Trust' structure?
A 'Health Care Benefits Trust' typically holds assets for the purpose of providing health benefits to a defined group of beneficiaries. The specific legal and operational structure would require reviewing the organization's governing documents.
Filing History
IRS 990 filing history for Shg Healthcare Group Ltd Health Care Benefits Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shg Healthcare Group Ltd Health Care Benefits Trust's revenue has grown by 113.1%, moving from $1.6M to $3.3M. Total assets decreased by 29.9% over the same period, from $1.1M to $753K. Total functional expenses rose by 102.9%, from $1.6M to $3.3M. In its most recent filing year (2023), Shg Healthcare Group Ltd Health Care Benefits Trust reported a surplus of $55K, with revenue exceeding expenses. The organization holds $209K in liabilities against $753K in assets (debt-to-asset ratio: 27.7%), resulting in net assets of $544K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.3M | $753K | $209K | — | View 990 |
| 2022 | $2.9M | $2.8M | $775K | $286K | — | View 990 |
| 2021 | $2.9M | $3.1M | $1.1M | $672K | — | View 990 |
| 2020 | $2.5M | $2.5M | $1.0M | $309K | — | — |
| 2019 | $2.0M | $2.1M | $881K | $174K | — | View 990 |
| 2018 | $1.6M | $1.5M | $944K | $129K | — | View 990 |
| 2017 | $1.9M | $1.8M | $969K | $250K | — | View 990 |
| 2016 | $2.0M | $2.3M | $881K | $227K | — | View 990 |
| 2015 | $1.7M | $1.5M | $1.1M | $106K | — | View 990 |
| 2014 | $1.3M | $1.6M | $777K | $204K | — | View 990 |
| 2013 | $832K | $898K | $1.2M | $264K | — | View 990 |
| 2012 | $1.6M | $1.4M | $1.2M | $210K | — | View 990 |
| 2011 | $1.6M | $1.6M | $1.1M | $352K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.3M, and assets of $753K (revenue +15.8% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.8M, and assets of $775K (revenue +0.0% year-over-year).
- 2021: Revenue of $2.9M, expenses of $3.1M, and assets of $1.1M (revenue +13.9% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.5M, and assets of $1.0M (revenue +25.7% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.1M, and assets of $881K (revenue +21.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $944K (revenue -14.1% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $969K (revenue -4.6% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.3M, and assets of $881K (revenue +17.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.5M, and assets of $1.1M (revenue +28.1% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.6M, and assets of $777K (revenue +60.5% year-over-year).
- 2013: Revenue of $832K, expenses of $898K, and assets of $1.2M (revenue -48.3% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.4M, and assets of $1.2M (revenue +3.3% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Shg Healthcare Group Ltd Health Care Benefits Trust 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.