Adirondack Medical Center Foundation
Adirondack Medical Center Foundation consistently grows assets with minimal reported officer compensation.
EIN: 161528554 · Saranac Lake, NY · NTEE: T20 · Updated: 2026-03-28
Is Adirondack Medical Center Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adirondack Medical Center Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adirondack Medical Center Foundation
Adirondack Medical Center Foundation (EIN: 161528554) is a nonprofit organization based in Saranac Lake, NY, classified under NTEE code T20. The organization reported total revenue of $4.4M and total assets of $29.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adirondack Medical Center Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adirondack Medical Center Foundation is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $783K |
| Surplus / Deficit | +$2.7M |
| Total Assets | $25.2M |
| Total Liabilities | $23K |
| Net Assets | $25.2M |
| Operating Margin | 77.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 386.8 months |
Financial Health Grade: A
In 2023, Adirondack Medical Center Foundation reported a surplus of $2.7M with revenue exceeding expenses, holds 386.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Adirondack Medical Center Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.8% | -32.6% | +21.1% |
| 2022 | -29.2% | -58.5% | -6.0% |
| 2021 | +142.6% | +85.3% | +20.9% |
| 2020 | +84.2% | -55.1% | +10.4% |
| 2019 | -69.1% | -57.7% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adirondack Medical Center Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Adirondack Medical Center Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not categorized as officer compensation, which is highly favorable for a foundation of this size with assets exceeding $25 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Adirondack Medical Center Foundation:
- Consistent asset growth, reaching $25,225,462 in 2023.
- Reported 0% officer compensation across all filings, indicating high efficiency and dedication.
- Expenses consistently lower than revenue in most years, demonstrating strong financial management (e.g., 2023: Revenue $3.44M, Expenses $0.78M).
- Strong financial reserves with assets significantly outweighing liabilities (e.g., 2023: Assets $25.2M, Liabilities $22.9K).
- Long history of consistent IRS 990 filings (13 filings), indicating transparency.
Frequently Asked Questions about Adirondack Medical Center Foundation
Is Adirondack Medical Center Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Adirondack Medical Center Foundation (EIN: 161528554) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Adirondack Medical Center Foundation spend its money?
Adirondack Medical Center Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Adirondack Medical Center Foundation tax-deductible?
Adirondack Medical Center Foundation is registered as a tax-exempt nonprofit (EIN: 161528554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Adirondack Medical Center Foundation a good charity?
Based on the available data, the Adirondack Medical Center Foundation appears to be a very good charity. It consistently grows its assets, maintains low expenses relative to revenue, and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How does the foundation manage its expenses?
The foundation demonstrates excellent expense management. In 2023, expenses were only $782,662 against a revenue of $3,440,410, showing a significant surplus. This trend of lower expenses relative to revenue is consistent in most years, suggesting efficient operations.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth over the years, increasing from $14,899,307 in 2014 to $25,225,462 in 2023, indicating strong financial stewardship and long-term stability.
Filing History
IRS 990 filing history for Adirondack Medical Center Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Adirondack Medical Center Foundation's revenue has grown by 79.9%, moving from $1.9M to $3.4M. Total assets increased by 106.2% over the same period, from $12.2M to $25.2M. Total functional expenses fell by 71.4%, from $2.7M to $783K. In its most recent filing year (2023), Adirondack Medical Center Foundation reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $23K in liabilities against $25.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $25.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $783K | $25.2M | $23K | — | — |
| 2022 | $3.7M | $1.2M | $20.8M | $17K | — | View 990 |
| 2021 | $5.2M | $2.8M | $22.2M | $3K | — | View 990 |
| 2020 | $2.2M | $1.5M | $18.3M | $22K | — | View 990 |
| 2019 | $1.2M | $3.4M | $16.6M | $59K | — | View 990 |
| 2018 | $3.8M | $7.9M | $16.8M | $33K | — | View 990 |
| 2017 | $2.6M | $1.3M | $25.2M | $152K | — | View 990 |
| 2016 | $5.9M | $1.3M | $21.9M | $45K | — | View 990 |
| 2015 | $4.1M | $1.2M | $17.0M | $120K | — | View 990 |
| 2014 | $1.8M | $1.2M | $14.9M | $122K | — | View 990 |
| 2013 | $2.6M | $1.3M | $14.9M | $370K | — | View 990 |
| 2012 | $1.4M | $1.2M | $13.2M | $279K | — | View 990 |
| 2011 | $1.9M | $2.7M | $12.2M | $147K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $783K, and assets of $25.2M (revenue -6.8% year-over-year).
- 2022: Revenue of $3.7M, expenses of $1.2M, and assets of $20.8M (revenue -29.2% year-over-year).
- 2021: Revenue of $5.2M, expenses of $2.8M, and assets of $22.2M (revenue +142.6% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.5M, and assets of $18.3M (revenue +84.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $3.4M, and assets of $16.6M (revenue -69.1% year-over-year).
- 2018: Revenue of $3.8M, expenses of $7.9M, and assets of $16.8M (revenue +44.7% year-over-year).
- 2017: Revenue of $2.6M, expenses of $1.3M, and assets of $25.2M (revenue -55.4% year-over-year).
- 2016: Revenue of $5.9M, expenses of $1.3M, and assets of $21.9M (revenue +42.6% year-over-year).
- 2015: Revenue of $4.1M, expenses of $1.2M, and assets of $17.0M (revenue +133.1% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.2M, and assets of $14.9M (revenue -31.0% year-over-year).
- 2013: Revenue of $2.6M, expenses of $1.3M, and assets of $14.9M (revenue +76.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.2M, and assets of $13.2M (revenue -24.5% year-over-year).
- 2011: Revenue of $1.9M, expenses of $2.7M, and assets of $12.2M.
Data Sources and Methodology
This transparency report for Adirondack Medical Center Foundation 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.