Chilton Memorial Hospital Foundation Inc

Is Chilton Memorial Hospital Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Chilton Memorial Hospital Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Chilton Memorial Hospital Foundation Inc

Chilton Memorial Hospital Foundation Inc (EIN: 223084817) is a nonprofit organization based in Pompton Plns, NJ, classified under NTEE code P20Z. The organization reported total revenue of $3.0M and total assets of $17.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chilton Memorial Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Chilton Memorial Hospital Foundation Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Chilton Memorial Hospital Foundation Inc reported a surplus of $820K with revenue exceeding expenses, holds 235.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Chilton Memorial Hospital Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.

IRS Tax-Exempt Classification

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 Chilton Memorial Hospital Foundation 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: 10%
• programs: 80%
• fundraising: 10%

According to IRS 990 filings, Chilton Memorial Hospital Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $820K, with revenue exceeding expenses.
• Debt-to-asset ratio: 5.1%.

Executive Compensation Analysis

Executive compensation details are not explicitly provided in the summary data, making a specific assessment difficult without further access to Form 990 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 Chilton Memorial Hospital Foundation Inc's IRS 990 filings:

• Significant fluctuation in total expenses, from $894,126 in 2023 to $3,479,021 in 2022, warrants further investigation into spending patterns.

Strengths

The following positive indicators were identified for Chilton Memorial Hospital Foundation Inc:

• Consistently strong asset base, with total assets exceeding $14 million in all reported years, provides a solid financial foundation.
• The foundation maintains a low liability profile, with liabilities at $900,257 in 2023, indicating good financial management.
• Consistent reporting of 0% compensation from related organizations enhances trust and transparency.

Frequently Asked Questions about Chilton Memorial Hospital Foundation Inc

Filing History

IRS 990 filing history for Chilton Memorial Hospital Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Chilton Memorial Hospital Foundation Inc's revenue has declined by 57%, moving from $4.0M to $1.7M. Total assets increased by 52% over the same period, from $11.5M to $17.5M. Total functional expenses fell by 68.5%, from $2.8M to $894K. In its most recent filing year (2023), Chilton Memorial Hospital Foundation Inc reported a surplus of $820K, with revenue exceeding expenses. The organization holds $900K in liabilities against $17.5M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $16.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.7M, expenses of $894K, and assets of $17.5M (revenue +17.1% year-over-year).
• 2022: Revenue of $1.5M, expenses of $3.5M, and assets of $15.5M (revenue -43.7% year-over-year).
• 2021: Revenue of $2.6M, expenses of $1.2M, and assets of $20.4M (revenue +32.4% year-over-year).
• 2020: Revenue of $2.0M, expenses of $1.2M, and assets of $18.7M (revenue -7.5% year-over-year).
• 2019: Revenue of $2.1M, expenses of $3.1M, and assets of $16.6M (revenue -29.9% year-over-year).
• 2018: Revenue of $3.0M, expenses of $2.6M, and assets of $15.8M (revenue +9.9% year-over-year).
• 2017: Revenue of $2.8M, expenses of $1.8M, and assets of $16.8M (revenue +31.4% year-over-year).
• 2016: Revenue of $2.1M, expenses of $1.7M, and assets of $14.5M (revenue -26.1% year-over-year).
• 2015: Revenue of $2.8M, expenses of $878K, and assets of $14.2M (revenue -7.1% year-over-year).
• 2014: Revenue of $3.1M, expenses of $858K, and assets of $13.4M (revenue +19.6% year-over-year).
• 2013: Revenue of $2.6M, expenses of $2.7M, and assets of $11.2M (revenue +49.2% year-over-year).
• 2012: Revenue of $1.7M, expenses of $2.1M, and assets of $11.3M (revenue -57.1% year-over-year).
• 2011: Revenue of $4.0M, expenses of $2.8M, and assets of $11.5M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Chilton Memorial Hospital Foundation Inc:

Data Sources and Methodology

This transparency report for Chilton Memorial Hospital Foundation 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.