Healthy asset growth, increasing from $264.6M in 2014 to $330.7M in 2023.
Strong financial health with assets significantly exceeding liabilities (e.g., $330.7M assets vs. $57.1M liabilities in 2023).
Consistent IRS 990 filing history, indicating compliance and transparency.
Spending Breakdown
How Shore Memorial Hospital allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Shore Memorial Hospital
Is Shore Memorial Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Shore Memorial Hospital (EIN: 210660835) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 5 strengths noted.
Is Shore Memorial Hospital a good charity to donate to?
Shore Memorial Hospital has a Mission Score of 80/100. Revenue: $268.0M. Assets: $370.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shore Memorial Hospital?
The Employer Identification Number (EIN) for Shore Memorial Hospital is 210660835. 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 Shore Memorial Hospital spend its money?
Shore Memorial Hospital allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shore Memorial Hospital's tax-exempt status?
You can verify Shore Memorial Hospital's tax-exempt status using EIN 210660835 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
Shore Memorial Hospital demonstrates consistent financial growth over the past decade, with revenue increasing from $187.9 million in 2014 to $242.0 million in 2023. The organization consistently operates with a surplus, indicating sound financial management. For instance, in 2023, revenues of $242.0 million exceeded expenses of $214.3 million, resulting in a $27.7 million surplus. This surplus contributes to a healthy asset base, which has grown from $264.6 million in 2014 to $330.7 million in 2023.
The hospital's spending efficiency appears strong, as evidenced by the consistent generation of surpluses. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health suggests that a significant portion of expenses are directed towards its healthcare mission. The absence of reported officer compensation in the provided data is notable and could indicate either that compensation is reported differently or that the organization's top executives are compensated through a related entity, which would warrant further investigation for full transparency.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. However, the lack of reported officer compensation in the summary data could be a point of concern for stakeholders seeking a complete picture of executive remuneration. Further detailed analysis of the full 990 forms would be necessary to fully assess the allocation of expenses and the specifics of executive compensation, which are crucial for a comprehensive understanding of financial transparency.