Drumright Memorial Hospital Foundation
EIN: 730726161 · Drumright, OK
| Metric | Value |
|---|---|
| Total Revenue | $963K |
| Total Expenses | $964K |
| Net Assets | $2.6M |
Is Drumright Memorial Hospital Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Drumright Memorial Hospital Foundation
Drumright Memorial Hospital Foundation (EIN: 730726161) is a nonprofit organization based in Drumright, OK. The organization reported total revenue of $963K and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drumright Memorial Hospital Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drumright Memorial Hospital Foundation is a small nonprofit that has been operating for 62 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 26.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $885K |
| Total Expenses | $964K |
| Surplus / Deficit | $-79,040 |
| Total Assets | $9.8M |
| Total Liabilities | $7.2M |
| Net Assets | $2.6M |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 73.8% |
| Months of Reserves | 122.3 months |
Financial Health Grade: C
In 2023, Drumright Memorial Hospital Foundation reported a deficit of $79K with expenses exceeding revenue, holds 122.3 months of operating reserves (strong position), has a debt-to-asset ratio of 73.8% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Drumright Memorial Hospital Foundation's revenue has grown at a compound annual growth rate (CAGR) of 26.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.3% | +22.5% | -1.5% |
| 2022 | +4.4% | +1.6% | -2.2% |
| 2021 | +59.9% | +54.9% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Drumright Memorial Hospital Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Drumright Memorial Hospital Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $79K, with expenses exceeding revenue.
- Debt-to-asset ratio: 73.8%.
Frequently Asked Questions about Drumright Memorial Hospital Foundation
Is Drumright Memorial Hospital Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Drumright Memorial Hospital Foundation (EIN: 730726161) insufficient data. 0 red flags identified, 0 strengths noted.
How does Drumright Memorial Hospital Foundation spend its money?
Detailed spending breakdown data is not yet available for Drumright Memorial Hospital Foundation. Check back for updated IRS 990 analysis.
Are donations to Drumright Memorial Hospital Foundation tax-deductible?
Drumright Memorial Hospital Foundation is registered as a tax-exempt nonprofit (EIN: 730726161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Drumright Memorial Hospital Foundation located?
Drumright Memorial Hospital Foundation is headquartered in Drumright, Oklahoma and files with the IRS under EIN 730726161.
How many years of IRS 990 filings does Drumright Memorial Hospital Foundation have?
Drumright Memorial Hospital Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $963K in total revenue.
Filing History
IRS 990 filing history for Drumright Memorial Hospital Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Drumright Memorial Hospital Foundation's revenue has grown by 102.5%, moving from $437K to $885K. Total assets decreased by 4.6% over the same period, from $10.3M to $9.8M. Total functional expenses rose by 92.6%, from $500K to $964K. In its most recent filing year (2023), Drumright Memorial Hospital Foundation reported a deficit of $79K, with expenses exceeding revenue. The organization holds $7.2M in liabilities against $9.8M in assets (debt-to-asset ratio: 73.8%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $885K | $964K | $9.8M | $7.2M | — | View 990 |
| 2022 | $730K | $787K | $10.0M | $7.3M | — | View 990 |
| 2021 | $699K | $775K | $10.2M | $7.5M | — | View 990 |
| 2020 | $437K | $500K | $10.3M | $7.5M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $885K, expenses of $964K, and assets of $9.8M (revenue +21.3% year-over-year).
- 2022: Revenue of $730K, expenses of $787K, and assets of $10.0M (revenue +4.4% year-over-year).
- 2021: Revenue of $699K, expenses of $775K, and assets of $10.2M (revenue +59.9% year-over-year).
- 2020: Revenue of $437K, expenses of $500K, and assets of $10.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drumright Memorial Hospital Foundation:
Data Sources and Methodology
This transparency report for Drumright Memorial Hospital Foundation 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.