Cuba Memorial Hospital Inc
Cuba Memorial Hospital Inc. reports a $2.25 million deficit in 2023 after several years of positive net income, with no reported officer compensation.
EIN: 160755761 · Cuba, NY · NTEE: E22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.4M |
| Total Expenses | $11.8M |
| Program Spending | 85% |
| Net Assets | $8.2M |
| Transparency Score | 85/100 |
Is Cuba 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 →
Cuba Memorial Hospital Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cuba Memorial Hospital Inc
Cuba Memorial Hospital Inc (EIN: 160755761) is a nonprofit organization based in Cuba, NY, classified under NTEE code E22Z. The organization reported total revenue of $14.4M and total assets of $14.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cuba Memorial Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cuba Memorial Hospital Inc is a large nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.5M |
| Total Expenses | $11.8M |
| Surplus / Deficit | $-2,250,712 |
| Total Assets | $11.8M |
| Total Liabilities | $3.5M |
| Net Assets | $8.2M |
| Operating Margin | -23.6% |
| Debt-to-Asset Ratio | 30.0% |
| Months of Reserves | 12.0 months |
Financial Health Grade: B
In 2023, Cuba Memorial Hospital Inc reported a deficit of $2.3M with expenses exceeding revenue, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 30.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cuba Memorial Hospital Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.8% | -0.2% | -10.7% |
| 2022 | +2.8% | +2.7% | -1.6% |
| 2021 | +17.7% | +7.1% | -9.3% |
| 2020 | +5.0% | -1.1% | +43.5% |
| 2019 | -8.5% | +6.4% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Cuba 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cuba Memorial Hospital Inc 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 $2.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.0%.
Executive Compensation Analysis
Cuba Memorial Hospital Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual and suggests a strong commitment to mission-focused spending.
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 Cuba Memorial Hospital Inc's IRS 990 filings:
- Significant deficit in the latest 2023 fiscal period ($2,250,712)
- Revenue decline from $12.67M in 2022 to $9.53M in 2023
Strengths
The following positive indicators were identified for Cuba Memorial Hospital Inc:
- Consistent reporting of 0% officer compensation across all filings
- Long history of IRS 990 filings demonstrating transparency
- Generally stable financial history with assets exceeding liabilities
- Strong program focus implied by the nature of a hospital and lack of executive compensation
Frequently Asked Questions about Cuba Memorial Hospital Inc
Is Cuba Memorial Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cuba Memorial Hospital Inc (EIN: 160755761) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Cuba Memorial Hospital Inc spend its money?
Cuba Memorial Hospital Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cuba Memorial Hospital Inc tax-deductible?
Cuba Memorial Hospital Inc is registered as a tax-exempt nonprofit (EIN: 160755761). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cuba Memorial Hospital Inc's spending goes to programs?
Cuba Memorial Hospital Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cuba Memorial Hospital Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cuba Memorial 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 Cuba Memorial Hospital Inc located?
Cuba Memorial Hospital Inc is headquartered in Cuba, New York and files with the IRS under EIN 160755761. It is classified under NTEE code E22Z.
How many years of IRS 990 filings does Cuba Memorial Hospital Inc have?
Cuba 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 $14.4M in total revenue.
Is Cuba Memorial Hospital Inc. financially stable?
While the hospital has shown historical financial stability with revenues often exceeding expenses, the latest 2023 filing indicates a significant deficit of $2,250,712 ($9,526,956 revenue vs. $11,777,668 expenses), which could be a concern if it becomes a trend.
How does Cuba Memorial Hospital Inc. manage executive compensation?
Remarkably, Cuba Memorial Hospital Inc. reports 0% officer compensation in all available IRS 990 filings, suggesting that executive leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for mission-driven spending.
What is the trend in the hospital's assets and liabilities?
The hospital's assets have generally increased over the past decade, reaching $14,064,541, indicating growth. Liabilities have fluctuated but remained manageable relative to assets, with the latest reported liabilities at $3,532,636 in 2023.
Filing History
IRS 990 filing history for Cuba Memorial Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cuba Memorial Hospital Inc's revenue has declined by 4.8%, moving from $10.0M to $9.5M. Total assets increased by 16.4% over the same period, from $10.1M to $11.8M. Total functional expenses fell by 5.8%, from $12.5M to $11.8M. In its most recent filing year (2023), Cuba Memorial Hospital Inc reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $11.8M in assets (debt-to-asset ratio: 30.0%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.5M | $11.8M | $11.8M | $3.5M | — | — |
| 2022 | $12.7M | $11.8M | $13.2M | $2.7M | — | View 990 |
| 2021 | $12.3M | $11.5M | $13.4M | $3.8M | — | View 990 |
| 2020 | $10.5M | $10.7M | $14.8M | $6.0M | — | View 990 |
| 2019 | $10.0M | $10.8M | $10.3M | $1.5M | — | View 990 |
| 2018 | $10.9M | $10.2M | $11.0M | $1.4M | — | View 990 |
| 2017 | $14.0M | $10.7M | $11.2M | $2.2M | — | View 990 |
| 2016 | $11.4M | $10.6M | $8.4M | $2.9M | — | View 990 |
| 2015 | $11.7M | $11.5M | $7.6M | $2.9M | — | View 990 |
| 2014 | $17.0M | $11.9M | $8.2M | $3.7M | — | View 990 |
| 2013 | $10.1M | $11.5M | $9.3M | $10.0M | — | View 990 |
| 2012 | $9.5M | $11.1M | $9.6M | $9.0M | — | View 990 |
| 2011 | $10.0M | $12.5M | $10.1M | $7.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.5M, expenses of $11.8M, and assets of $11.8M (revenue -24.8% year-over-year).
- 2022: Revenue of $12.7M, expenses of $11.8M, and assets of $13.2M (revenue +2.8% year-over-year).
- 2021: Revenue of $12.3M, expenses of $11.5M, and assets of $13.4M (revenue +17.7% year-over-year).
- 2020: Revenue of $10.5M, expenses of $10.7M, and assets of $14.8M (revenue +5.0% year-over-year).
- 2019: Revenue of $10.0M, expenses of $10.8M, and assets of $10.3M (revenue -8.5% year-over-year).
- 2018: Revenue of $10.9M, expenses of $10.2M, and assets of $11.0M (revenue -22.3% year-over-year).
- 2017: Revenue of $14.0M, expenses of $10.7M, and assets of $11.2M (revenue +22.8% year-over-year).
- 2016: Revenue of $11.4M, expenses of $10.6M, and assets of $8.4M (revenue -2.0% year-over-year).
- 2015: Revenue of $11.7M, expenses of $11.5M, and assets of $7.6M (revenue -31.5% year-over-year).
- 2014: Revenue of $17.0M, expenses of $11.9M, and assets of $8.2M (revenue +67.7% year-over-year).
- 2013: Revenue of $10.1M, expenses of $11.5M, and assets of $9.3M (revenue +6.8% year-over-year).
- 2012: Revenue of $9.5M, expenses of $11.1M, and assets of $9.6M (revenue -5.0% year-over-year).
- 2011: Revenue of $10.0M, expenses of $12.5M, and assets of $10.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cuba Memorial Hospital Inc:
Data Sources and Methodology
This transparency report for Cuba 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.