Flushing Hospital & Medical Center
Flushing Hospital & Medical Center shows significant revenue growth but consistently carries more liabilities than assets.
EIN: 111631781 · Flushing, NY · NTEE: E220 · Updated: 2026-03-28
About Flushing Hospital & Medical Center
Flushing Hospital & Medical Center (EIN: 111631781) is a nonprofit organization based in Flushing, NY, classified under NTEE code E220. The organization reported total revenue of $444.9M and total assets of $415.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flushing Hospital & Medical Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Flushing Hospital & Medical Center with a Mission Score of 70 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: 85%
- fundraising: 5%
According to IRS 990 filings, Flushing Hospital & Medical Center 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.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with nearly $445 million in latest revenue. This suggests that executive compensation may be paid through a related entity or not fully disclosed in this specific section of the 990, potentially limiting transparency regarding leadership costs.
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 Flushing Hospital & Medical Center's IRS 990 filings:
- Consistent reporting of liabilities exceeding assets (e.g., $412.5M liabilities vs. $407.9M assets in 2023).
- 0% officer compensation reported across all filings, which is unusual for an organization of this size and could indicate a lack of transparency regarding executive pay.
Strengths
The following positive indicators were identified for Flushing Hospital & Medical Center:
- Significant and consistent revenue growth over the past decade, from $232.8 million in 2014 to $426.2 million in 2023.
- Substantial increase in assets over time, from $117.1 million in 2014 to $407.9 million in 2023, indicating investment in infrastructure and capacity.
Frequently Asked Questions about Flushing Hospital & Medical Center
Is Flushing Hospital & Medical Center financially stable given its liabilities often exceed assets?
The organization has consistently reported liabilities exceeding assets for many years, including $412.5 million in liabilities against $407.9 million in assets in 2023. While this indicates a reliance on debt or other financing, the sustained operation and significant revenue growth suggest ongoing financial management, though it warrants closer scrutiny.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all available filings for an organization of this scale is unusual. It suggests that executive compensation might be paid by a parent organization, a related entity, or structured in a way that it is not reported in the 'Officer Compensation' section of these specific 990 forms, which could affect transparency.
How has the organization managed its significant revenue growth?
Flushing Hospital & Medical Center has experienced substantial revenue growth, from $232.8 million in 2014 to $426.2 million in 2023. This growth has been accompanied by a corresponding increase in expenses and assets, indicating an expansion of operations and services.
Filing History
IRS 990 filing history for Flushing Hospital & Medical Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Flushing Hospital & Medical Center's revenue has grown by 76.3%, moving from $241.7M to $426.2M. Total assets increased by 193.2% over the same period, from $139.1M to $407.9M. Total functional expenses rose by 52.7%, from $248.4M to $379.4M. In its most recent filing year (2023), Flushing Hospital & Medical Center reported a surplus of $46.8M, with revenue exceeding expenses. The organization holds $412.5M in liabilities against $407.9M in assets (debt-to-asset ratio: 101.1%), resulting in net assets of $-4,599,246.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $426.2M | $379.4M | $407.9M | $412.5M | — | — |
| 2022 | $357.3M | $343.8M | $322.0M | $373.4M | — | View 990 |
| 2021 | $383.7M | $330.3M | $236.7M | $297.0M | — | View 990 |
| 2020 | $332.0M | $306.1M | $236.0M | $349.7M | — | View 990 |
| 2019 | $279.0M | $290.5M | $126.7M | $266.2M | — | View 990 |
| 2018 | $288.6M | $275.4M | $144.7M | $272.8M | — | View 990 |
| 2017 | $243.4M | $270.3M | $118.3M | $259.6M | — | View 990 |
| 2016 | $254.2M | $265.7M | $124.7M | $239.1M | — | View 990 |
| 2015 | $247.8M | $261.6M | $127.8M | $230.6M | — | View 990 |
| 2014 | $232.8M | $259.1M | $117.1M | $206.1M | — | View 990 |
| 2013 | $240.3M | $260.8M | $119.7M | $182.3M | — | View 990 |
| 2012 | $242.5M | $251.4M | $130.4M | $172.2M | — | View 990 |
| 2011 | $241.7M | $248.4M | $139.1M | $172.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $426.2M, expenses of $379.4M, and assets of $407.9M (revenue +19.3% year-over-year).
- 2022: Revenue of $357.3M, expenses of $343.8M, and assets of $322.0M (revenue -6.9% year-over-year).
- 2021: Revenue of $383.7M, expenses of $330.3M, and assets of $236.7M (revenue +15.6% year-over-year).
- 2020: Revenue of $332.0M, expenses of $306.1M, and assets of $236.0M (revenue +19.0% year-over-year).
- 2019: Revenue of $279.0M, expenses of $290.5M, and assets of $126.7M (revenue -3.3% year-over-year).
- 2018: Revenue of $288.6M, expenses of $275.4M, and assets of $144.7M (revenue +18.6% year-over-year).
- 2017: Revenue of $243.4M, expenses of $270.3M, and assets of $118.3M (revenue -4.3% year-over-year).
- 2016: Revenue of $254.2M, expenses of $265.7M, and assets of $124.7M (revenue +2.6% year-over-year).
- 2015: Revenue of $247.8M, expenses of $261.6M, and assets of $127.8M (revenue +6.4% year-over-year).
- 2014: Revenue of $232.8M, expenses of $259.1M, and assets of $117.1M (revenue -3.1% year-over-year).
- 2013: Revenue of $240.3M, expenses of $260.8M, and assets of $119.7M (revenue -0.9% year-over-year).
- 2012: Revenue of $242.5M, expenses of $251.4M, and assets of $130.4M (revenue +0.3% year-over-year).
- 2011: Revenue of $241.7M, expenses of $248.4M, and assets of $139.1M.
Data Sources and Methodology
This transparency report for Flushing Hospital & Medical Center 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.