Bassett Hospital Of Schoharie County

Bassett Hospital Of Schoharie County shows consistent revenue growth and asset accumulation, reporting no direct officer compensation on its 990s.

EIN: 141772971 · Cobleskill, NY · NTEE: E220 · Updated: 2026-03-28

$54.7MRevenue

$249.4MAssets

75/100Mission Score (Good)

E220

About Bassett Hospital Of Schoharie County

Bassett Hospital Of Schoharie County (EIN: 141772971) is a nonprofit organization based in Cobleskill, NY, classified under NTEE code E220. The organization reported total revenue of $54.7M and total assets of $249.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bassett Hospital Of Schoharie County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Bassett Hospital Of Schoharie County demonstrates a generally stable financial trajectory with consistent revenue growth over the past several years, increasing from $29.3 million in 2018 to $47.1 million in 2023. The organization has also significantly grown its assets, from $23.6 million in 2018 to $60.0 million in 2023, indicating strong financial management and capacity building. The hospital consistently reports zero officer compensation, which is unusual for an organization of this size and suggests that executive leadership may be compensated through a related entity or that the hospital operates with a unique governance structure where top executives are not directly compensated by this specific EIN. This lack of direct compensation reporting for officers on the 990 could impact transparency regarding overall executive pay within the broader health system.

The organization's spending efficiency appears reasonable, with expenses generally tracking below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $38.9 million against revenues of $47.1 million, resulting in a surplus. The consistent growth in assets and the positive difference between revenue and expenses suggest a healthy financial position capable of sustaining its operations and potentially expanding services. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging.

Transparency regarding executive compensation is a notable area for potential improvement, as the 990s consistently report 0% officer compensation. While this might be technically accurate for this specific EIN, it doesn't provide a complete picture of leadership compensation within the broader Bassett Healthcare Network, of which this hospital is a part. A more comprehensive disclosure of how leadership is compensated, even if through a parent organization, would enhance public trust and transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bassett Hospital Of Schoharie County with a Mission Score of 75 out of 100 (Good). 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: 90%
fundraising: 0%

According to IRS 990 filings, Bassett Hospital Of Schoharie County allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for a hospital of its size ($47.1 million in 2023 revenue) and suggests that executive compensation is either handled by a parent entity or not directly reported under this specific EIN, limiting transparency on leadership pay.

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.

Red Flags

The following concerns were identified during AI analysis of Bassett Hospital Of Schoharie County's IRS 990 filings:

Consistent reporting of 0% officer compensation, which obscures the true cost of executive leadership within the broader organization.

Strengths

The following positive indicators were identified for Bassett Hospital Of Schoharie County:

Consistent revenue growth, increasing from $29.3 million in 2018 to $47.1 million in 2023.
Significant asset growth, from $23.6 million in 2018 to $60.0 million in 2023, indicating strong financial health.
Expenses generally below revenue, leading to positive operating margins and asset accumulation.

Frequently Asked Questions about Bassett Hospital Of Schoharie County

Is Bassett Hospital Of Schoharie County financially stable?

Yes, the hospital appears financially stable, demonstrating consistent revenue growth from $29.3 million in 2018 to $47.1 million in 2023, and a significant increase in assets from $23.6 million to $60.0 million over the same period, indicating sound financial management.

How does the hospital manage executive compensation?

The IRS 990 filings for Bassett Hospital Of Schoharie County consistently report 0% officer compensation, suggesting that executive compensation is either paid by a related parent organization (Bassett Healthcare Network) or not directly attributed to this specific EIN, which limits transparency on this aspect.

What is the trend in the hospital's assets and liabilities?

The hospital's assets have shown strong growth, increasing from $23.6 million in 2018 to $60.0 million in 2023. Liabilities have also increased but at a slower rate, from $5.6 million in 2018 to $5.6 million in 2023 (with some fluctuations), indicating a healthy balance sheet with growing net assets.

Filing History

IRS 990 filing history for Bassett Hospital Of Schoharie County showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bassett Hospital Of Schoharie County's revenue has grown by 79.3%, moving from $26.3M to $47.1M. Total assets increased by 219.8% over the same period, from $18.8M to $60.0M. Total functional expenses rose by 52.6%, from $25.5M to $38.9M. In its most recent filing year (2023), Bassett Hospital Of Schoharie County reported a surplus of $8.2M, with revenue exceeding expenses. The organization holds $5.6M in liabilities against $60.0M in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $54.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$47.1M	$38.9M	$60.0M	$5.6M	—	—
2022	$44.7M	$35.1M	$49.6M	$3.4M	—	View 990
2021	$38.5M	$30.4M	$50.1M	$13.5M	—	—
2020	$37.3M	$31.2M	$38.7M	$10.3M	—	View 990
2019	$34.5M	$30.2M	$28.8M	$6.5M	—	View 990
2018	$29.3M	$29.9M	$23.6M	$5.7M	—	View 990
2017	$28.7M	$30.5M	$24.6M	$6.0M	—	View 990
2016	$32.1M	$31.4M	$26.9M	$6.6M	—	View 990
2015	$29.9M	$28.9M	$27.0M	$7.4M	—	View 990
2014	$30.9M	$28.7M	$22.5M	$3.9M	—	View 990
2013	$28.8M	$27.4M	$21.6M	$5.3M	—	View 990
2012	$27.0M	$25.9M	$20.7M	$6.0M	—	View 990
2011	$26.3M	$25.5M	$18.8M	$5.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $47.1M, expenses of $38.9M, and assets of $60.0M (revenue +5.3% year-over-year).
2022: Revenue of $44.7M, expenses of $35.1M, and assets of $49.6M (revenue +16.3% year-over-year).
2021: Revenue of $38.5M, expenses of $30.4M, and assets of $50.1M (revenue +3.2% year-over-year).
2020: Revenue of $37.3M, expenses of $31.2M, and assets of $38.7M (revenue +8.0% year-over-year).
2019: Revenue of $34.5M, expenses of $30.2M, and assets of $28.8M (revenue +17.6% year-over-year).
2018: Revenue of $29.3M, expenses of $29.9M, and assets of $23.6M (revenue +2.4% year-over-year).
2017: Revenue of $28.7M, expenses of $30.5M, and assets of $24.6M (revenue -10.7% year-over-year).
2016: Revenue of $32.1M, expenses of $31.4M, and assets of $26.9M (revenue +7.3% year-over-year).
2015: Revenue of $29.9M, expenses of $28.9M, and assets of $27.0M (revenue -3.2% year-over-year).
2014: Revenue of $30.9M, expenses of $28.7M, and assets of $22.5M (revenue +7.2% year-over-year).
2013: Revenue of $28.8M, expenses of $27.4M, and assets of $21.6M (revenue +6.8% year-over-year).
2012: Revenue of $27.0M, expenses of $25.9M, and assets of $20.7M (revenue +2.7% year-over-year).
2011: Revenue of $26.3M, expenses of $25.5M, and assets of $18.8M.

Data Sources and Methodology

This transparency report for Bassett Hospital Of Schoharie County 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.