Veranova Health
EIN: 843198821 · Middleburg Heights, OH · NTEE: E40
| Metric | Value |
|---|---|
| Total Revenue | $524K |
| Total Expenses | $544K |
| Net Assets | $201K |
Is Veranova Health Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Veranova Health
Veranova Health (EIN: 843198821) is a nonprofit organization based in Middleburg Heights, OH, classified under NTEE code E40. The organization reported total revenue of $524K and total assets of $270K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veranova Health's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veranova Health is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 84.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $524K |
| Total Expenses | $544K |
| Surplus / Deficit | $-20,386 |
| Total Assets | $270K |
| Total Liabilities | $69K |
| Net Assets | $201K |
| Operating Margin | -3.9% |
| Debt-to-Asset Ratio | 25.7% |
| Months of Reserves | 6.0 months |
Financial Health Grade: B
In 2023, Veranova Health reported a deficit of $20K with expenses exceeding revenue, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 25.7% (moderate leverage).
Financial Trends
Over 2 years of filings (2022–2023), Veranova Health's revenue has grown at a compound annual growth rate (CAGR) of 84.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +84.8% | +781.4% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Veranova Health 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 Veranova Health 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 deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.7%.
Frequently Asked Questions about Veranova Health
Is Veranova Health a legitimate charity?
Based on AI analysis of IRS 990 filings, Veranova Health (EIN: 843198821) insufficient data. 0 red flags identified, 0 strengths noted.
How does Veranova Health spend its money?
Detailed spending breakdown data is not yet available for Veranova Health. Check back for updated IRS 990 analysis.
Are donations to Veranova Health tax-deductible?
Veranova Health is registered as a tax-exempt nonprofit (EIN: 843198821). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Veranova Health located?
Veranova Health is headquartered in Middleburg Heights, Ohio and files with the IRS under EIN 843198821. It is classified under NTEE code E40.
How many years of IRS 990 filings does Veranova Health have?
Veranova Health has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $524K in total revenue.
Filing History
IRS 990 filing history for Veranova Health showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Veranova Health's revenue has grown by 84.8%, moving from $284K to $524K. Total assets decreased by 7.5% over the same period, from $292K to $270K. Total functional expenses rose by 781.4%, from $62K to $544K. In its most recent filing year (2023), Veranova Health reported a deficit of $20K, with expenses exceeding revenue. The organization holds $69K in liabilities against $270K in assets (debt-to-asset ratio: 25.7%), resulting in net assets of $201K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $524K | $544K | $270K | $69K | — | — |
| 2022 | $284K | $62K | $292K | $71K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veranova Health:
Data Sources and Methodology
This transparency report for Veranova Health 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.