Wnc Health Network Inc
EIN: 561889715 · Asheville, NC · NTEE: E70
Is Wnc Health Network Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wnc Health Network Inc
Wnc Health Network Inc (EIN: 561889715) is a nonprofit organization based in Asheville, NC, classified under NTEE code E70. The organization reported total revenue of $2.1M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wnc Health Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wnc Health Network Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$90K |
| Total Assets | $4.4M |
| Total Liabilities | $106K |
| Net Assets | $4.3M |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 39.1 months |
Financial Health Grade: A
In 2023, Wnc Health Network Inc reported a surplus of $90K with revenue exceeding expenses, holds 39.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wnc Health Network Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +164.0% | +24.0% | +8.3% |
| 2022 | -73.0% | -26.3% | -25.9% |
| 2021 | -53.7% | +111.7% | +10.2% |
| 2020 | +498.9% | -19.6% | +29.8% |
| 2019 | -6.6% | +1.8% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wnc Health Network Inc 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 Wnc Health Network Inc 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 $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Frequently Asked Questions about Wnc Health Network Inc
Is Wnc Health Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wnc Health Network Inc (EIN: 561889715) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wnc Health Network Inc spend its money?
Detailed spending breakdown data is not yet available for Wnc Health Network Inc. Check back for updated IRS 990 analysis.
Are donations to Wnc Health Network Inc tax-deductible?
Wnc Health Network Inc is registered as a tax-exempt nonprofit (EIN: 561889715). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Wnc Health Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wnc Health Network Inc's revenue has declined by 52.8%, moving from $3.0M to $1.4M. Total assets increased by 183.2% over the same period, from $1.6M to $4.4M. Total functional expenses fell by 49.5%, from $2.7M to $1.3M. In its most recent filing year (2023), Wnc Health Network Inc reported a surplus of $90K, with revenue exceeding expenses. The organization holds $106K in liabilities against $4.4M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.3M | $4.4M | $106K | — | — |
| 2022 | $545K | $1.1M | $4.1M | $85K | — | View 990 |
| 2021 | $2.0M | $1.5M | $5.5M | $7K | — | View 990 |
| 2020 | $4.4M | $696K | $5.0M | $43K | — | View 990 |
| 2019 | $728K | $866K | $3.8M | $120K | — | View 990 |
| 2018 | $779K | $851K | $3.4M | $144K | — | View 990 |
| 2017 | $501K | $700K | $2.2M | $117K | — | View 990 |
| 2016 | $508K | $471K | $2.4M | $116K | — | View 990 |
| 2015 | $1.1M | $950K | $1.9M | $63K | — | View 990 |
| 2014 | $2.4M | $2.6M | $1.8M | $409K | — | View 990 |
| 2013 | $3.1M | $3.0M | $2.4M | $823K | — | View 990 |
| 2012 | $3.1M | $2.8M | $1.9M | $484K | — | View 990 |
| 2011 | $3.0M | $2.7M | $1.6M | $383K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $4.4M (revenue +164.0% year-over-year).
- 2022: Revenue of $545K, expenses of $1.1M, and assets of $4.1M (revenue -73.0% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.5M, and assets of $5.5M (revenue -53.7% year-over-year).
- 2020: Revenue of $4.4M, expenses of $696K, and assets of $5.0M (revenue +498.9% year-over-year).
- 2019: Revenue of $728K, expenses of $866K, and assets of $3.8M (revenue -6.6% year-over-year).
- 2018: Revenue of $779K, expenses of $851K, and assets of $3.4M (revenue +55.5% year-over-year).
- 2017: Revenue of $501K, expenses of $700K, and assets of $2.2M (revenue -1.3% year-over-year).
- 2016: Revenue of $508K, expenses of $471K, and assets of $2.4M (revenue -52.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $950K, and assets of $1.9M (revenue -55.9% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.6M, and assets of $1.8M (revenue -22.4% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.0M, and assets of $2.4M (revenue +1.7% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.8M, and assets of $1.9M (revenue +1.4% year-over-year).
- 2011: Revenue of $3.0M, expenses of $2.7M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wnc Health Network Inc:
Data Sources and Methodology
This transparency report for Wnc Health Network 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.