Cottage Hospital

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Cottage Hospital Form 990, Revenue, CEO Pay, and IRS Filing Signals

Cottage Hospital is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Cottage Hospital in one place.

Is Cottage Hospital Legit?

Some Concerns

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

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Cottage Hospital shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Cottage Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Cottage Hospital

Cottage Hospital (EIN: 20223321) is a nonprofit organization based in Woodsville, NH, classified under NTEE code E220. The organization reported total revenue of $44.2M and total assets of $37.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cottage Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Cottage Hospital is a large nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Cottage Hospital reported a deficit of $693K with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 52.2% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Cottage Hospital's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.

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 Cottage Hospital with a Mission Score of 80 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Cottage Hospital allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $693K, with expenses exceeding revenue.
• Debt-to-asset ratio: 52.2%.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization of this size ($44M latest revenue). This suggests executive compensation may be reported under different categories or is not included in the provided 'Officer Comp' metric, requiring further scrutiny of the full 990 forms.

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 Cottage Hospital's IRS 990 filings:

• Consistent operational deficits in the last two reporting periods (2022 and 2023)
• Unusually low (0%) reported officer compensation for an organization of this size, requiring further investigation into executive pay structures.

Strengths

The following positive indicators were identified for Cottage Hospital:

• Consistent revenue generation over a decade, growing from $30.5M in 2014 to $41.4M in 2023.
• Strong and growing asset base, increasing from $28.8M in 2014 to $37.3M in 2023.
• Long history of IRS 990 filings (13 filings), indicating regulatory compliance and transparency.
• Generally stable financial health with revenues largely covering expenses over the long term.

Frequently Asked Questions about Cottage Hospital

Filing History

IRS 990 filing history for Cottage Hospital showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cottage Hospital's revenue has grown by 31.7%, moving from $31.5M to $41.5M. Total assets increased by 56.3% over the same period, from $23.9M to $37.3M. Total functional expenses rose by 44.9%, from $29.1M to $42.2M. In its most recent filing year (2023), Cottage Hospital reported a deficit of $693K, with expenses exceeding revenue. The organization holds $19.5M in liabilities against $37.3M in assets (debt-to-asset ratio: 52.2%), resulting in net assets of $17.8M.

Year-by-Year Financial Summary

• 2023: Revenue of $41.5M, expenses of $42.2M, and assets of $37.3M (revenue +8.7% year-over-year).
• 2022: Revenue of $38.2M, expenses of $40.5M, and assets of $38.8M (revenue -9.0% year-over-year).
• 2021: Revenue of $41.9M, expenses of $38.6M, and assets of $42.2M (revenue +16.0% year-over-year).
• 2020: Revenue of $36.1M, expenses of $35.3M, and assets of $41.5M (revenue +3.4% year-over-year).
• 2019: Revenue of $35.0M, expenses of $34.2M, and assets of $33.6M (revenue +4.9% year-over-year).
• 2018: Revenue of $33.3M, expenses of $33.9M, and assets of $32.1M (revenue +3.4% year-over-year).
• 2017: Revenue of $32.2M, expenses of $31.9M, and assets of $32.2M (revenue +15.2% year-over-year).
• 2016: Revenue of $28.0M, expenses of $28.5M, and assets of $32.4M (revenue +2.6% year-over-year).
• 2015: Revenue of $27.3M, expenses of $27.9M, and assets of $30.8M (revenue -10.6% year-over-year).
• 2014: Revenue of $30.5M, expenses of $30.5M, and assets of $28.8M (revenue -2.1% year-over-year).
• 2013: Revenue of $31.2M, expenses of $30.6M, and assets of $29.3M (revenue -1.9% year-over-year).
• 2012: Revenue of $31.8M, expenses of $30.4M, and assets of $27.3M (revenue +0.9% year-over-year).
• 2011: Revenue of $31.5M, expenses of $29.1M, and assets of $23.9M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Cottage Hospital:

Data Sources and Methodology

This transparency report for Cottage Hospital 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.