Carilion Medical Center
EIN: 540506332 · Roanoke, VA · NTEE: E20
Is Carilion Medical Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carilion Medical Center
Carilion Medical Center (EIN: 540506332) is a nonprofit organization based in Roanoke, VA, classified under NTEE code E20. The organization reported total revenue of $2.2B and total assets of $2.2B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carilion Medical Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carilion Medical Center is a major nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7B |
| Total Expenses | $1.8B |
| Surplus / Deficit | $-26,744,676 |
| Total Assets | $2.0B |
| Total Liabilities | $1.0B |
| Net Assets | $955.5M |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 52.0% |
| Months of Reserves | 13.5 months |
Financial Health Grade: C
In 2023, Carilion Medical Center reported a deficit of $26.7M with expenses exceeding revenue, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 52.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carilion Medical Center's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | +3.4% | +2.0% |
| 2022 | -3.2% | +7.8% | -11.3% |
| 2021 | +16.9% | +13.1% | +13.8% |
| 2020 | +1.3% | +1.5% | +26.3% |
| 2019 | +7.8% | +4.7% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carilion Medical Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carilion Medical Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.0%.
Frequently Asked Questions about Carilion Medical Center
Is Carilion Medical Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Carilion Medical Center (EIN: 540506332) insufficient data. 0 red flags identified, 0 strengths noted.
How does Carilion Medical Center spend its money?
Detailed spending breakdown data is not yet available for Carilion Medical Center. Check back for updated IRS 990 analysis.
Are donations to Carilion Medical Center tax-deductible?
Carilion Medical Center is registered as a tax-exempt nonprofit (EIN: 540506332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Carilion Medical Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carilion Medical Center's revenue has grown by 92.9%, moving from $903.6M to $1.7B. Total assets increased by 121.1% over the same period, from $899.7M to $2.0B. Total functional expenses rose by 100.7%, from $881.7M to $1.8B. In its most recent filing year (2023), Carilion Medical Center reported a deficit of $26.7M, with expenses exceeding revenue. The organization holds $1.0B in liabilities against $2.0B in assets (debt-to-asset ratio: 52.0%), resulting in net assets of $955.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7B | $1.8B | $2.0B | $1.0B | — | View 990 |
| 2022 | $1.7B | $1.7B | $1.9B | $1.0B | — | — |
| 2021 | $1.8B | $1.6B | $2.2B | $1.2B | — | View 990 |
| 2020 | $1.5B | $1.4B | $1.9B | $1.3B | — | View 990 |
| 2019 | $1.5B | $1.4B | $1.5B | $1.0B | — | View 990 |
| 2018 | $1.4B | $1.3B | $1.5B | $811.4M | — | View 990 |
| 2017 | $1.4B | $1.3B | $1.4B | $857.3M | — | View 990 |
| 2016 | $1.3B | $1.2B | $1.3B | $901.0M | — | View 990 |
| 2015 | $1.2B | $1.1B | $1.2B | $798.5M | — | View 990 |
| 2014 | $1.1B | $1.0B | $1.2B | $747.3M | — | View 990 |
| 2013 | $1.1B | $1.0B | $1.1B | $636.8M | — | View 990 |
| 2012 | $973.3M | $936.2M | $979.7M | $769.6M | — | View 990 |
| 2011 | $903.6M | $881.7M | $899.7M | $667.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7B, expenses of $1.8B, and assets of $2.0B (revenue +2.1% year-over-year).
- 2022: Revenue of $1.7B, expenses of $1.7B, and assets of $1.9B (revenue -3.2% year-over-year).
- 2021: Revenue of $1.8B, expenses of $1.6B, and assets of $2.2B (revenue +16.9% year-over-year).
- 2020: Revenue of $1.5B, expenses of $1.4B, and assets of $1.9B (revenue +1.3% year-over-year).
- 2019: Revenue of $1.5B, expenses of $1.4B, and assets of $1.5B (revenue +7.8% year-over-year).
- 2018: Revenue of $1.4B, expenses of $1.3B, and assets of $1.5B (revenue +1.3% year-over-year).
- 2017: Revenue of $1.4B, expenses of $1.3B, and assets of $1.4B (revenue +8.6% year-over-year).
- 2016: Revenue of $1.3B, expenses of $1.2B, and assets of $1.3B (revenue +3.2% year-over-year).
- 2015: Revenue of $1.2B, expenses of $1.1B, and assets of $1.2B (revenue +6.6% year-over-year).
- 2014: Revenue of $1.1B, expenses of $1.0B, and assets of $1.2B (revenue +6.2% year-over-year).
- 2013: Revenue of $1.1B, expenses of $1.0B, and assets of $1.1B (revenue +10.5% year-over-year).
- 2012: Revenue of $973.3M, expenses of $936.2M, and assets of $979.7M (revenue +7.7% year-over-year).
- 2011: Revenue of $903.6M, expenses of $881.7M, and assets of $899.7M.
Data Sources and Methodology
This transparency report for Carilion Medical Center 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.