Is Loudoun Memorial Hospital Tr 2 P62420008 Legit?
Quick charity verification for Loudoun Memorial Hospital Tr 2 P62420008 (EIN: 136257810)
Verdict: Loudoun Memorial Hospital Tr 2 P62420008 appears trustworthy
75/100Mission Score
$2.2MRevenue
$6.2MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits (e.g., $252,786 in 2023, $204,527 in 2022)
Declining asset base over recent years (from $6,634,189 in 2021 to $6,175,693 in 2023)
Strengths
Substantial asset base ($6,175,693 in 2023)
Zero officer compensation reported across all filings, indicating high efficiency in leadership costs
Minimal liabilities reported ($1 in recent years)
Consistent IRS 990 filing history (8 filings)
Spending Breakdown
How Loudoun Memorial Hospital Tr 2 P62420008 allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
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 Loudoun Memorial Hospital Tr 2 P62420008
Is Loudoun Memorial Hospital Tr 2 P62420008 a legitimate charity?
Based on AI analysis of IRS 990 filings, Loudoun Memorial Hospital Tr 2 P62420008 (EIN: 136257810) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Loudoun Memorial Hospital Tr 2 P62420008 a good charity to donate to?
Loudoun Memorial Hospital Tr 2 P62420008 has a Mission Score of 75/100. Revenue: $2.2M. Assets: $6.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Loudoun Memorial Hospital Tr 2 P62420008?
The Employer Identification Number (EIN) for Loudoun Memorial Hospital Tr 2 P62420008 is 136257810. 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 Loudoun Memorial Hospital Tr 2 P62420008 spend its money?
Loudoun Memorial Hospital Tr 2 P62420008 allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Loudoun Memorial Hospital Tr 2 P62420008's tax-exempt status?
You can verify Loudoun Memorial Hospital Tr 2 P62420008's tax-exempt status using EIN 136257810 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
Loudoun Memorial Hospital Tr 2 P62420008 demonstrates a consistent financial pattern over its filing history. While the organization maintains substantial assets, reported at $6,175,693 in the latest 2023 filing, it has frequently operated with expenses exceeding revenue. For instance, in 2023, expenses were $594,718 against revenues of $341,932, and in 2022, expenses were $393,785 against revenues of $189,258. This trend of deficit spending, observed in multiple recent periods, suggests that the organization may be drawing down on its asset base or relying on prior period surpluses to cover operational costs.
The organization's financial health appears stable due to its significant asset base, but the recurring operational deficits warrant closer examination. The consistent reporting of zero officer compensation across all available filings indicates a high degree of spending efficiency in this area and suggests a volunteer-led or minimally compensated leadership structure, which is a positive sign for donor confidence. The minimal liabilities reported ($1 in recent years) also points to a strong balance sheet from a debt perspective.
Overall, while the organization maintains a strong asset position and exhibits efficiency in executive compensation, the persistent operational deficits are a key area for potential concern regarding long-term sustainability if not addressed. Transparency is good with consistent filings and clear financial figures.