Quick charity verification for Eastport Memorial Hospital (EIN: 10213979)
Verdict: Eastport Memorial Hospital appears trustworthy
90/100Mission Score
$4.7MRevenue
$3.5MAssets
1Red Flags
4Strengths
Red Flags
Unusually low or zero reported officer compensation may warrant further inquiry to understand the full compensation structure, as key leadership roles typically involve some form of remuneration.
Strengths
Consistent revenue growth over the past decade, from $1.9M in 2014 to $3.3M in 2023.
Maintains a positive operating margin, indicating financial health (e.g., $41,908 surplus in 2023).
Significant growth in assets, from $2.2M in 2014 to $3.5M in 2023, enhancing long-term capacity.
Zero reported officer compensation, suggesting a strong commitment to program spending and transparency.
Spending Breakdown
How Eastport Memorial Hospital allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
3%
Admin Costs
Reasonable — admin costs in check
2%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Eastport Memorial Hospital
Is Eastport Memorial Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastport Memorial Hospital (EIN: 10213979) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Eastport Memorial Hospital a good charity to donate to?
Eastport Memorial Hospital has a Mission Score of 90/100. Revenue: $4.7M. Assets: $3.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eastport Memorial Hospital?
The Employer Identification Number (EIN) for Eastport Memorial Hospital is 10213979. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Eastport Memorial Hospital spend its money?
Eastport Memorial Hospital allocates 95% to programs, 3% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eastport Memorial Hospital's tax-exempt status?
You can verify Eastport Memorial Hospital's tax-exempt status using EIN 10213979 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Eastport Memorial Hospital demonstrates consistent financial stability and growth over the past decade. The organization has shown a steady increase in revenue, from $1,939,190 in 2014 to $3,350,847 in 2023, indicating a growing capacity to serve its community. Expenses have generally tracked revenue, with the hospital consistently operating with a modest surplus, such as the $41,908 surplus in 2023 (Revenue $3,350,847 - Expenses $3,308,939). This suggests prudent financial management and an ability to maintain operations without significant deficits.
The hospital's asset base has also grown substantially, from $2,244,828 in 2014 to $3,574,688 in 2023, while liabilities have remained manageable relative to assets. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing resources towards its mission rather than executive pay. This practice is highly commendable for a nonprofit organization.
Overall, Eastport Memorial Hospital appears to be in sound financial health, effectively managing its resources to support its healthcare mission. The consistent growth in revenue and assets, coupled with a transparent approach to executive compensation, paints a picture of a well-managed and financially responsible nonprofit.