Glen Cove Hospital
Glen Cove Hospital consistently operates near break-even with growing revenues but no disclosed officer compensation.
EIN: 111633487 · Westbury, NY · NTEE: E20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $356.6M |
| Total Expenses | $245.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $49.7M |
| Transparency Score | 70/100 |
Is Glen Cove Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glen Cove Hospital directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glen Cove Hospital
Glen Cove Hospital (EIN: 111633487) is a nonprofit organization based in Westbury, NY, classified under NTEE code E20. The organization reported total revenue of $356.6M and total assets of $216.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glen Cove Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glen Cove Hospital is a major nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $239.8M |
| Total Expenses | $245.9M |
| Surplus / Deficit | $-6,150,779 |
| Total Assets | $163.5M |
| Total Liabilities | $113.8M |
| Net Assets | $49.7M |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 69.6% |
| Months of Reserves | 8.0 months |
Financial Health Grade: C
In 2023, Glen Cove Hospital reported a deficit of $6.2M with expenses exceeding revenue, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 69.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glen Cove Hospital's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +12.2% | +0.9% |
| 2022 | +12.5% | +12.7% | +3.5% |
| 2021 | +13.9% | +5.5% | -1.0% |
| 2020 | +19.6% | +20.1% | +22.3% |
| 2019 | -2.2% | +0.6% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
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 Glen Cove Hospital 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: 90%
- fundraising: 0%
According to IRS 990 filings, Glen Cove Hospital allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $6.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 69.6%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filing periods, which is highly unusual for an organization with annual revenues exceeding $200 million and suggests that executive compensation may be reported by a related entity or not fully disclosed in this summary, impacting transparency.
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 Glen Cove Hospital's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and suggests a lack of direct transparency in executive pay within these summary filings.
- Frequent operational deficits (e.g., $6,150,779 in 2023, $12,946,577 in 2019) indicate that expenses often exceed revenues, which could be a long-term concern if not managed by a larger system.
Strengths
The following positive indicators were identified for Glen Cove Hospital:
- Strong and consistent revenue growth over the past decade, indicating increasing operational scale and community service.
- Maintains a substantial asset base (over $160 million in 2023), providing financial stability.
- Operates near break-even, suggesting that most funds are directly applied to its mission rather than accumulating large surpluses.
Frequently Asked Questions about Glen Cove Hospital
Is Glen Cove Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Glen Cove Hospital (EIN: 111633487) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Glen Cove Hospital spend its money?
Glen Cove Hospital directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glen Cove Hospital tax-deductible?
Glen Cove Hospital is registered as a tax-exempt nonprofit (EIN: 111633487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Glen Cove Hospital CEO make?
Glen Cove Hospital's highest-compensated officer earns $200 annually. The organization reported $356.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Glen Cove Hospital compare to similar nonprofits?
With a transparency score of 70/100 (Good), Glen Cove Hospital is above average for NTEE category E20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Glen Cove Hospital located?
Glen Cove Hospital is headquartered in Westbury, New York and files with the IRS under EIN 111633487. It is classified under NTEE code E20.
How many years of IRS 990 filings does Glen Cove Hospital have?
Glen Cove Hospital 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 $356.6M in total revenue.
Is Glen Cove Hospital financially stable?
Glen Cove Hospital appears to be operationally stable, consistently generating substantial revenue (e.g., $239,768,993 in 2023) and managing expenses to operate near break-even. While it often runs a slight deficit, its asset base remains strong ($163,529,627 in 2023), indicating a capacity to absorb minor operational shortfalls.
How has Glen Cove Hospital's revenue grown over time?
Glen Cove Hospital has shown significant revenue growth, increasing from $130,276,683 in 2014 to $239,768,993 in 2023, representing an increase of over 84% in less than a decade.
What is the trend in the hospital's assets and liabilities?
The hospital's assets have fluctuated but generally remained robust, from $175,037,451 in 2014 to $163,529,627 in 2023. Liabilities have also increased over time, from $86,082,810 in 2014 to $113,816,817 in 2023, indicating growth in financial obligations alongside asset growth.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation in the provided summary data is a significant data gap. It suggests that executive compensation might be paid by a parent organization (Northwell Health, given the NTEE code E20 often indicates hospitals within larger systems) or not itemized in this specific summary, requiring a review of the full IRS Form 990 for complete disclosure.
Filing History
IRS 990 filing history for Glen Cove Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glen Cove Hospital's revenue has grown by 21.4%, moving from $197.6M to $239.8M. Total assets decreased by 11.6% over the same period, from $184.9M to $163.5M. Total functional expenses rose by 26.2%, from $194.8M to $245.9M. In its most recent filing year (2023), Glen Cove Hospital reported a deficit of $6.2M, with expenses exceeding revenue. The organization holds $113.8M in liabilities against $163.5M in assets (debt-to-asset ratio: 69.6%), resulting in net assets of $49.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $239.8M | $245.9M | $163.5M | $113.8M | — | — |
| 2022 | $219.7M | $219.2M | $162.0M | $113.8M | — | View 990 |
| 2021 | $195.2M | $194.5M | $156.5M | $100.6M | — | View 990 |
| 2020 | $171.4M | $184.4M | $158.0M | $104.4M | — | View 990 |
| 2019 | $143.3M | $153.5M | $129.3M | $68.3M | — | View 990 |
| 2018 | $146.5M | $152.5M | $134.5M | $69.9M | — | View 990 |
| 2017 | $146.3M | $152.2M | $153.7M | $77.3M | — | View 990 |
| 2016 | $134.3M | $141.7M | $157.6M | $83.8M | — | View 990 |
| 2015 | $128.4M | $137.8M | $159.7M | $83.0M | — | View 990 |
| 2014 | $130.3M | $143.1M | $175.0M | $86.1M | — | View 990 |
| 2013 | $189.2M | $185.8M | $193.0M | $91.2M | — | View 990 |
| 2012 | $197.4M | $200.2M | $189.0M | $94.3M | — | View 990 |
| 2011 | $197.6M | $194.8M | $184.9M | $94.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $239.8M, expenses of $245.9M, and assets of $163.5M (revenue +9.1% year-over-year).
- 2022: Revenue of $219.7M, expenses of $219.2M, and assets of $162.0M (revenue +12.5% year-over-year).
- 2021: Revenue of $195.2M, expenses of $194.5M, and assets of $156.5M (revenue +13.9% year-over-year).
- 2020: Revenue of $171.4M, expenses of $184.4M, and assets of $158.0M (revenue +19.6% year-over-year).
- 2019: Revenue of $143.3M, expenses of $153.5M, and assets of $129.3M (revenue -2.2% year-over-year).
- 2018: Revenue of $146.5M, expenses of $152.5M, and assets of $134.5M (revenue +0.2% year-over-year).
- 2017: Revenue of $146.3M, expenses of $152.2M, and assets of $153.7M (revenue +8.9% year-over-year).
- 2016: Revenue of $134.3M, expenses of $141.7M, and assets of $157.6M (revenue +4.6% year-over-year).
- 2015: Revenue of $128.4M, expenses of $137.8M, and assets of $159.7M (revenue -1.5% year-over-year).
- 2014: Revenue of $130.3M, expenses of $143.1M, and assets of $175.0M (revenue -31.1% year-over-year).
- 2013: Revenue of $189.2M, expenses of $185.8M, and assets of $193.0M (revenue -4.2% year-over-year).
- 2012: Revenue of $197.4M, expenses of $200.2M, and assets of $189.0M (revenue -0.1% year-over-year).
- 2011: Revenue of $197.6M, expenses of $194.8M, and assets of $184.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glen Cove Hospital:
Data Sources and Methodology
This transparency report for Glen Cove 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.