Carthage Area Hospital Inc
Carthage Area Hospital Inc. consistently operates near break-even with growing assets and no reported officer compensation in 990 filings.
EIN: 150622079 · Carthage, NY · NTEE: E22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $90.5M |
| Total Expenses | $90.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $90 |
| Net Assets | $6.8M |
| Transparency Score | 75/100 |
Is Carthage Area Hospital Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carthage Area Hospital Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carthage Area Hospital Inc
Carthage Area Hospital Inc (EIN: 150622079) is a nonprofit organization based in Carthage, NY, classified under NTEE code E22Z. The organization reported total revenue of $90.5M and total assets of $52.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carthage Area Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carthage Area Hospital Inc is a major nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89.2M |
| Total Expenses | $90.1M |
| Surplus / Deficit | $-899,127 |
| Total Assets | $52.5M |
| Total Liabilities | $45.7M |
| Net Assets | $6.8M |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 87.0% |
| Months of Reserves | 7.0 months |
Financial Health Grade: C
In 2023, Carthage Area Hospital Inc reported a deficit of $899K with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 87.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carthage Area Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | +13.3% | +9.3% |
| 2022 | +5.5% | +14.7% | +17.7% |
| 2021 | +48.5% | +23.5% | +10.3% |
| 2020 | -9.2% | +4.4% | +19.5% |
| 2019 | -1.0% | +3.0% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Carthage Area Hospital Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Carthage Area Hospital Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 deficit of $899K, with expenses exceeding revenue.
- Debt-to-asset ratio: 87.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization of this size with nearly $90 million in annual revenue. This suggests that executive compensation may be reported under other expense categories or that the specific 'officer compensation' field on the 990 is not being utilized for their executive pay structure, requiring deeper scrutiny to understand actual executive remuneration.
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 Carthage Area Hospital Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is atypical for an organization of this size and warrants further investigation into executive pay structures.
- Frequent operational deficits where expenses slightly exceed revenue, as seen in 202312 and 202212, could indicate reliance on non-operating income or drawdowns from reserves.
Strengths
The following positive indicators were identified for Carthage Area Hospital Inc:
- Steady growth in assets from $24.9M in 201412 to $52.5M in 202312, indicating financial development and potential for future service expansion.
- Consistent operational activity as a healthcare provider, with revenues growing from $42.6M in 201412 to $89.1M in 202312, demonstrating sustained community service.
- The organization's NTEE code E22Z (General Hospitals) aligns directly with its name and operational data, indicating a clear program focus.
Frequently Asked Questions about Carthage Area Hospital Inc
Is Carthage Area Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carthage Area Hospital Inc (EIN: 150622079) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Carthage Area Hospital Inc spend its money?
Carthage Area Hospital Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carthage Area Hospital Inc tax-deductible?
Carthage Area Hospital Inc is registered as a tax-exempt nonprofit (EIN: 150622079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carthage Area Hospital Inc CEO make?
Carthage Area Hospital Inc's highest-compensated officer earns $90 annually. The organization reported $90.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Carthage Area Hospital Inc's spending goes to programs?
Carthage Area Hospital Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carthage Area Hospital Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Carthage Area Hospital Inc is above average for NTEE category E22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carthage Area Hospital Inc located?
Carthage Area Hospital Inc is headquartered in Carthage, New York and files with the IRS under EIN 150622079. It is classified under NTEE code E22Z.
How many years of IRS 990 filings does Carthage Area Hospital Inc have?
Carthage Area Hospital Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $90.5M in total revenue.
How does Carthage Area Hospital Inc. manage to operate with such tight margins, often reporting expenses slightly exceeding revenue?
The consistent pattern of expenses closely matching or slightly exceeding revenue, as seen in 202312 ($89.1M revenue vs. $90.0M expenses) and 202212 ($78.6M revenue vs. $79.4M expenses), suggests that the hospital operates with very tight financial margins, likely relying on other funding sources, cost efficiencies, or strategic financial management to sustain operations.
What is the true executive compensation given the 0% reported in the filings?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. This indicates that executive compensation is either not paid to individuals classified as 'officers' in the specific 990 section, or it is reported under other expense categories (e.g., salaries and wages for key employees), necessitating a review of other parts of the 990 for a complete understanding.
What is the nature of the significant increase in assets from $24.9M in 201412 to $52.5M in 202312?
The substantial growth in assets, more than doubling over a decade, suggests significant investments in property, plant, and equipment, or an increase in cash reserves. This could indicate facility expansions, equipment upgrades, or strategic financial planning to enhance the hospital's capacity and long-term stability.
Filing History
IRS 990 filing history for Carthage Area Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carthage Area Hospital Inc's revenue has grown by 112.7%, moving from $41.9M to $89.2M. Total assets increased by 58.9% over the same period, from $33.1M to $52.5M. Total functional expenses rose by 88.5%, from $47.8M to $90.1M. In its most recent filing year (2023), Carthage Area Hospital Inc reported a deficit of $899K, with expenses exceeding revenue. The organization holds $45.7M in liabilities against $52.5M in assets (debt-to-asset ratio: 87.0%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89.2M | $90.1M | $52.5M | $45.7M | — | — |
| 2022 | $78.6M | $79.4M | $48.1M | $40.6M | — | View 990 |
| 2021 | $74.5M | $69.3M | $40.8M | $32.6M | — | View 990 |
| 2020 | $50.1M | $56.1M | $37.0M | $34.2M | — | — |
| 2019 | $55.3M | $53.7M | $31.0M | $22.6M | — | View 990 |
| 2018 | $55.8M | $52.2M | $29.4M | $21.6M | — | View 990 |
| 2017 | $51.2M | $50.5M | $25.4M | $19.9M | — | View 990 |
| 2016 | $52.2M | $48.4M | $28.1M | $22.7M | — | View 990 |
| 2015 | $43.5M | $45.2M | $24.7M | $23.3M | — | View 990 |
| 2014 | $42.7M | $44.0M | $25.0M | $21.8M | — | View 990 |
| 2013 | $42.3M | $46.2M | $25.2M | $19.8M | — | View 990 |
| 2012 | $50.4M | $46.6M | $28.8M | $21.3M | — | View 990 |
| 2011 | $41.9M | $47.8M | $33.1M | $27.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89.2M, expenses of $90.1M, and assets of $52.5M (revenue +13.4% year-over-year).
- 2022: Revenue of $78.6M, expenses of $79.4M, and assets of $48.1M (revenue +5.5% year-over-year).
- 2021: Revenue of $74.5M, expenses of $69.3M, and assets of $40.8M (revenue +48.5% year-over-year).
- 2020: Revenue of $50.1M, expenses of $56.1M, and assets of $37.0M (revenue -9.2% year-over-year).
- 2019: Revenue of $55.3M, expenses of $53.7M, and assets of $31.0M (revenue -1.0% year-over-year).
- 2018: Revenue of $55.8M, expenses of $52.2M, and assets of $29.4M (revenue +9.0% year-over-year).
- 2017: Revenue of $51.2M, expenses of $50.5M, and assets of $25.4M (revenue -1.8% year-over-year).
- 2016: Revenue of $52.2M, expenses of $48.4M, and assets of $28.1M (revenue +19.9% year-over-year).
- 2015: Revenue of $43.5M, expenses of $45.2M, and assets of $24.7M (revenue +2.0% year-over-year).
- 2014: Revenue of $42.7M, expenses of $44.0M, and assets of $25.0M (revenue +0.9% year-over-year).
- 2013: Revenue of $42.3M, expenses of $46.2M, and assets of $25.2M (revenue -16.1% year-over-year).
- 2012: Revenue of $50.4M, expenses of $46.6M, and assets of $28.8M (revenue +20.2% year-over-year).
- 2011: Revenue of $41.9M, expenses of $47.8M, and assets of $33.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carthage Area Hospital Inc:
Data Sources and Methodology
This transparency report for Carthage Area Hospital Inc 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.