Chenango Memorial Hospital Inc
Chenango Memorial Hospital Inc. shows consistent revenue growth and financial stability with no reported officer compensation on 990 filings.
EIN: 150532180 · Norwich, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $111.6M |
| Total Expenses | $93.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $60.7M |
| Transparency Score | 85/100 |
Is Chenango Memorial Hospital Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chenango Memorial Hospital Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chenango Memorial Hospital Inc
Chenango Memorial Hospital Inc (EIN: 150532180) is a nonprofit organization based in Norwich, NY, classified under NTEE code E220. The organization reported total revenue of $111.6M and total assets of $114.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chenango Memorial Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chenango Memorial Hospital Inc is a major nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100.1M |
| Total Expenses | $93.9M |
| Surplus / Deficit | +$6.2M |
| Total Assets | $99.1M |
| Total Liabilities | $38.4M |
| Net Assets | $60.7M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 38.7% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, Chenango Memorial Hospital Inc reported a surplus of $6.2M with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 38.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chenango Memorial Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +7.1% | +8.8% |
| 2022 | +2.1% | +11.9% | +0.0% |
| 2021 | -0.4% | +3.5% | +18.0% |
| 2020 | +13.7% | +5.0% | +36.6% |
| 2019 | +1.3% | -2.0% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1944 |
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 Chenango Memorial Hospital Inc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Chenango Memorial 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 surplus of $6.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for a hospital with over $100 million in annual revenue and suggests executive compensation may be reported under different categories or through related entities not detailed in these summary filings.
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 Chenango Memorial Hospital Inc's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s, which is unusual for a large hospital and may indicate a lack of transparency in executive pay reporting or a complex compensation structure not fully detailed.
- Liabilities have increased significantly over the decade, from $29.2 million in 2014 to $38.3 million in 2023, though assets have grown more rapidly.
Strengths
The following positive indicators were identified for Chenango Memorial Hospital Inc:
- Strong and consistent revenue growth, increasing from $76.3 million in 2014 to $100.0 million in 2023.
- Healthy financial surpluses in most years, demonstrating effective expense management (e.g., $6.1 million surplus in 2023).
- Significant growth in assets, more than doubling from $40.6 million in 2014 to $99.1 million in 2023, indicating reinvestment and capacity.
- Positive net assets (Assets minus Liabilities) have consistently grown, from $11.3 million in 2014 to $60.7 million in 2023, showing increasing financial strength.
Frequently Asked Questions about Chenango Memorial Hospital Inc
Is Chenango Memorial Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chenango Memorial Hospital Inc (EIN: 150532180) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Chenango Memorial Hospital Inc spend its money?
Chenango Memorial Hospital Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chenango Memorial Hospital Inc tax-deductible?
Chenango Memorial Hospital Inc is registered as a tax-exempt nonprofit (EIN: 150532180). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chenango Memorial Hospital Inc CEO make?
Chenango Memorial Hospital Inc's highest-compensated officer earns $100 annually. The organization reported $111.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chenango Memorial Hospital Inc's spending goes to programs?
Chenango Memorial Hospital Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chenango Memorial Hospital Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Chenango Memorial Hospital Inc is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chenango Memorial Hospital Inc located?
Chenango Memorial Hospital Inc is headquartered in Norwich, New York and files with the IRS under EIN 150532180. It is classified under NTEE code E220.
How many years of IRS 990 filings does Chenango Memorial Hospital Inc have?
Chenango Memorial 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 $111.6M in total revenue.
Is Chenango Memorial Hospital Inc. financially stable?
Yes, the hospital demonstrates strong financial stability, with consistent revenue growth from $76.3 million in 2014 to $100.0 million in 2023, and a healthy surplus in most years, such as the $6.1 million surplus in 2023.
How has the hospital's asset base changed over time?
The hospital's assets have significantly grown, more than doubling from $40.6 million in 2014 to $99.1 million in 2023, indicating substantial investment and expansion.
What is the organization's approach to executive compensation?
The IRS 990 filings consistently report 0% for officer compensation, which is atypical for an organization of this scale and suggests executive compensation is either not reported in this section, is very low, or is handled through a different financial structure.
Filing History
IRS 990 filing history for Chenango Memorial Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chenango Memorial Hospital Inc's revenue has grown by 52.2%, moving from $65.8M to $100.1M. Total assets increased by 200% over the same period, from $33.0M to $99.1M. Total functional expenses rose by 46.9%, from $63.9M to $93.9M. In its most recent filing year (2023), Chenango Memorial Hospital Inc reported a surplus of $6.2M, with revenue exceeding expenses. The organization holds $38.4M in liabilities against $99.1M in assets (debt-to-asset ratio: 38.7%), resulting in net assets of $60.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100.1M | $93.9M | $99.1M | $38.4M | — | View 990 |
| 2022 | $90.8M | $87.7M | $91.1M | $39.3M | — | View 990 |
| 2021 | $88.9M | $78.3M | $91.1M | $43.7M | — | View 990 |
| 2020 | $89.3M | $75.7M | $77.2M | $47.4M | — | View 990 |
| 2019 | $78.6M | $72.1M | $56.5M | $35.9M | — | View 990 |
| 2018 | $77.5M | $73.6M | $48.1M | $34.1M | — | View 990 |
| 2017 | $70.2M | $71.8M | $44.5M | $34.2M | — | View 990 |
| 2016 | $74.7M | $73.1M | $44.1M | $34.0M | — | View 990 |
| 2015 | $75.7M | $72.4M | $41.4M | $30.6M | — | View 990 |
| 2014 | $76.3M | $73.8M | $40.7M | $29.3M | — | View 990 |
| 2013 | $73.8M | $71.2M | $38.5M | $23.0M | — | View 990 |
| 2012 | $69.9M | $67.6M | $35.0M | $32.0M | — | View 990 |
| 2011 | $65.8M | $63.9M | $33.0M | $35.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100.1M, expenses of $93.9M, and assets of $99.1M (revenue +10.2% year-over-year).
- 2022: Revenue of $90.8M, expenses of $87.7M, and assets of $91.1M (revenue +2.1% year-over-year).
- 2021: Revenue of $88.9M, expenses of $78.3M, and assets of $91.1M (revenue -0.4% year-over-year).
- 2020: Revenue of $89.3M, expenses of $75.7M, and assets of $77.2M (revenue +13.7% year-over-year).
- 2019: Revenue of $78.6M, expenses of $72.1M, and assets of $56.5M (revenue +1.3% year-over-year).
- 2018: Revenue of $77.5M, expenses of $73.6M, and assets of $48.1M (revenue +10.5% year-over-year).
- 2017: Revenue of $70.2M, expenses of $71.8M, and assets of $44.5M (revenue -6.0% year-over-year).
- 2016: Revenue of $74.7M, expenses of $73.1M, and assets of $44.1M (revenue -1.4% year-over-year).
- 2015: Revenue of $75.7M, expenses of $72.4M, and assets of $41.4M (revenue -0.8% year-over-year).
- 2014: Revenue of $76.3M, expenses of $73.8M, and assets of $40.7M (revenue +3.4% year-over-year).
- 2013: Revenue of $73.8M, expenses of $71.2M, and assets of $38.5M (revenue +5.7% year-over-year).
- 2012: Revenue of $69.9M, expenses of $67.6M, and assets of $35.0M (revenue +6.2% year-over-year).
- 2011: Revenue of $65.8M, expenses of $63.9M, and assets of $33.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chenango Memorial Hospital Inc:
Data Sources and Methodology
This transparency report for Chenango Memorial 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.