Supplemental Health Insurance Program
Supplemental Health Insurance Program consistently maintains strong financial health with no reported officer compensation.
EIN: 132892895 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $10.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $11M |
| Net Assets | $18.2M |
| Transparency Score | 92/100 |
Is Supplemental Health Insurance Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Supplemental Health Insurance Program directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Supplemental Health Insurance Program
Supplemental Health Insurance Program (EIN: 132892895) is a nonprofit organization based in New York, NY. The organization reported total revenue of $11.2M and total assets of $18.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Supplemental Health Insurance Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Supplemental Health Insurance Program is a large nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.1M |
| Total Expenses | $10.7M |
| Surplus / Deficit | +$403K |
| Total Assets | $18.7M |
| Total Liabilities | $452K |
| Net Assets | $18.2M |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 21.0 months |
Financial Health Grade: A
In 2023, Supplemental Health Insurance Program reported a surplus of $403K with revenue exceeding expenses, holds 21.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Supplemental Health Insurance Program's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +0.0% | +2.4% |
| 2022 | +3.8% | +3.1% | -3.3% |
| 2021 | +1.1% | +19.9% | -0.5% |
| 2020 | -0.1% | -13.8% | +14.0% |
| 2019 | +2.9% | +0.2% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 Supplemental Health Insurance Program with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Supplemental Health Insurance Program allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $403K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid, compensated through non-officer roles, or that the organization operates with a volunteer-led executive structure, which is highly unusual for an organization of this size ($11M+ revenue).
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 Supplemental Health Insurance Program's IRS 990 filings:
- Consistent 0% officer compensation for an organization with over $11M in revenue could indicate a lack of transparency in how executive leadership is compensated, or a highly unusual operational model that warrants further investigation.
Strengths
The following positive indicators were identified for Supplemental Health Insurance Program:
- Consistent positive net income, with revenue generally exceeding expenses (e.g., $11,061,196 revenue vs. $10,658,409 expenses in 2023).
- Strong and growing asset base, increasing from $14,550,995 in 2014 to $18,688,380 in 2023.
- Low liabilities relative to assets, indicating strong financial stability (e.g., $452,031 liabilities vs. $18,688,380 assets in 2023).
- No reported officer compensation across all filings, suggesting a high proportion of funds are directed towards programmatic activities or a unique leadership compensation structure.
Frequently Asked Questions about Supplemental Health Insurance Program
Is Supplemental Health Insurance Program a legitimate charity?
Supplemental Health Insurance Program (EIN: 132892895) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $11.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Supplemental Health Insurance Program spend its money?
Supplemental Health Insurance Program directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Supplemental Health Insurance Program tax-deductible?
Supplemental Health Insurance Program is registered as a tax-exempt nonprofit (EIN: 132892895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Supplemental Health Insurance Program CEO make?
Supplemental Health Insurance Program's highest-compensated officer earns $11M annually. The organization reported $11.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Supplemental Health Insurance Program's spending goes to programs?
Supplemental Health Insurance Program directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Supplemental Health Insurance Program located?
Supplemental Health Insurance Program is headquartered in New York, New York and files with the IRS under EIN 132892895.
How many years of IRS 990 filings does Supplemental Health Insurance Program have?
Supplemental Health Insurance Program 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 $11.2M in total revenue.
Is Supplemental Health Insurance Program a good charity?
Based on the provided financial data, Supplemental Health Insurance Program appears to be a financially healthy and efficient organization. It consistently generates more revenue than expenses, maintains a strong asset base, and notably reports 0% officer compensation, suggesting a high dedication of funds to its mission. However, without detailed program spending breakdowns, a full assessment of its direct impact is limited.
How does Supplemental Health Insurance Program manage its executive compensation?
The IRS 990 filings consistently show 0% officer compensation for Supplemental Health Insurance Program. This is a significant finding, implying that the organization's top leadership is either entirely volunteer-based, compensated through other means not categorized as 'officer compensation' on the 990, or that the organization has a unique operational structure.
What is the trend in Supplemental Health Insurance Program's financial growth?
Supplemental Health Insurance Program has shown consistent financial growth over the past decade. Revenue has steadily increased from $8,920,465 in 2014 to $11,061,196 in 2023. Assets have also grown significantly from $14,550,995 in 2014 to $18,688,380 in 2023, indicating strong financial management and accumulation of reserves.
Filing History
IRS 990 filing history for Supplemental Health Insurance Program showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Supplemental Health Insurance Program's revenue has grown by 41.7%, moving from $7.8M to $11.1M. Total assets increased by 131.5% over the same period, from $8.1M to $18.7M. Total functional expenses rose by 68.9%, from $6.3M to $10.7M. In its most recent filing year (2023), Supplemental Health Insurance Program reported a surplus of $403K, with revenue exceeding expenses. The organization holds $452K in liabilities against $18.7M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $18.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.1M | $10.7M | $18.7M | $452K | — | — |
| 2022 | $10.7M | $10.7M | $18.3M | $392K | — | View 990 |
| 2021 | $10.3M | $10.3M | $18.9M | $713K | — | View 990 |
| 2020 | $10.2M | $8.6M | $19.0M | $723K | — | View 990 |
| 2019 | $10.2M | $10.0M | $16.6M | $141K | — | — |
| 2018 | $9.9M | $10.0M | $16.6M | $376K | — | View 990 |
| 2017 | $9.6M | $9.2M | $16.7M | $389K | — | View 990 |
| 2016 | $9.4M | $8.3M | $16.2M | $209K | — | View 990 |
| 2015 | $9.2M | $8.6M | $15.0M | $106K | — | View 990 |
| 2014 | $8.9M | $8.3M | $14.6M | $206K | — | View 990 |
| 2013 | $8.6M | $7.3M | $13.9M | $175K | — | View 990 |
| 2012 | $8.4M | $6.1M | $12.6M | $158K | — | View 990 |
| 2011 | $8.1M | $5.7M | $10.3M | $89K | — | View 990 |
| 2010 | $7.8M | $6.3M | $8.1M | $320K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.1M, expenses of $10.7M, and assets of $18.7M (revenue +3.3% year-over-year).
- 2022: Revenue of $10.7M, expenses of $10.7M, and assets of $18.3M (revenue +3.8% year-over-year).
- 2021: Revenue of $10.3M, expenses of $10.3M, and assets of $18.9M (revenue +1.1% year-over-year).
- 2020: Revenue of $10.2M, expenses of $8.6M, and assets of $19.0M (revenue -0.1% year-over-year).
- 2019: Revenue of $10.2M, expenses of $10.0M, and assets of $16.6M (revenue +2.9% year-over-year).
- 2018: Revenue of $9.9M, expenses of $10.0M, and assets of $16.6M (revenue +3.5% year-over-year).
- 2017: Revenue of $9.6M, expenses of $9.2M, and assets of $16.7M (revenue +2.1% year-over-year).
- 2016: Revenue of $9.4M, expenses of $8.3M, and assets of $16.2M (revenue +2.1% year-over-year).
- 2015: Revenue of $9.2M, expenses of $8.6M, and assets of $15.0M (revenue +3.1% year-over-year).
- 2014: Revenue of $8.9M, expenses of $8.3M, and assets of $14.6M (revenue +4.1% year-over-year).
- 2013: Revenue of $8.6M, expenses of $7.3M, and assets of $13.9M (revenue +2.6% year-over-year).
- 2012: Revenue of $8.4M, expenses of $6.1M, and assets of $12.6M (revenue +3.4% year-over-year).
- 2011: Revenue of $8.1M, expenses of $5.7M, and assets of $10.3M (revenue +3.4% year-over-year).
- 2010: Revenue of $7.8M, expenses of $6.3M, and assets of $8.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Supplemental Health Insurance Program:
Data Sources and Methodology
This transparency report for Supplemental Health Insurance Program 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.