HeCares Foundation Inc

Nonprofit profile at a glance

EIN: 831538521
IRS 990-EZ coverage: 2021–2024
Forms available: Form 990-EZ 2024, Form 990-N 2022
Location: Sunnyvale, CA, USA
Phone: 4087201766
Rating: 84
Verdict: STRONG
Rating confidence: Moderate
Sector: Education N.E.C.

Reported finances

Revenue: $16,697
Expenses: $46,978
Assets: $379,707

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

FRANK HE (CEO)

People named in this filing

FRANK HE (CEO)
LYDIA RIDGWAY (CFO)
JONATHAN HE (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To continue its mission of health education and community service

What it reported doing in 2024

HeCares Foundation continued to promote health education and community wellness through traditional Chinese medicine outreach, volunteer training, and charitable clinics. The foundation provided seminars, workshops, and free consultations for low-income and senior residents to enhance preventive health awareness.

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 78
Transparency & Controls: 100
Sustainability: 35
Growth: 60

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 40.2%; rating input score 40

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -181.4%; rating input score 5; 5th percentile among comparable filings
Total-asset coverage ratio: 8.08; rating input score 90; 90th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 54.4% per year; rating input score 100; 94th percentile among comparable filings
Revenue growth: -23.6% per year; rating input score 0; 13th percentile among comparable filings
Asset growth: 4.5% per year; rating input score 100; 56th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 40.2% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $19K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 6 of 6 current checks pass
Schedules: 3 filed schedules
Filing history: 3 filing years from 2021 to 2024
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Moderate — Financial Efficiency: Program expense ratio scored 40/100.
High — Sustainability: Operating margin scored 5/100.
High — Growth: Revenue growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.