Griffin Hospital Development Fund Inc

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Griffin Hospital Development Fund Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Griffin Hospital Development Fund Inc 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 Griffin Hospital Development Fund Inc in one place.

Is Griffin Hospital Development Fund Inc Legit?

Some Concerns

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

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

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Request a concise report for Griffin Hospital Development Fund Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Griffin Hospital Development Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Griffin Hospital Development Fund Inc

Griffin Hospital Development Fund Inc (EIN: 222560254) is a nonprofit organization based in Derby, CT. The organization reported total revenue of $3.3M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Griffin Hospital Development Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Griffin Hospital Development Fund Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Griffin Hospital Development Fund Inc reported a surplus of $545K with revenue exceeding expenses, holds 135.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Griffin Hospital Development Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.6%.

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 Griffin Hospital Development Fund Inc with a Mission Score of 75 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: 80%
• fundraising: 10%

According to IRS 990 filings, Griffin Hospital Development Fund Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $545K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.6%.

Executive Compensation Analysis

Executive compensation is not reported in the provided filings, with 'c0%' consistently listed, indicating that executive salaries are likely handled by the parent Griffin Hospital or not directly expensed by this fund.

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 Griffin Hospital Development Fund Inc's IRS 990 filings:

• Consistent 0% compensation reported across all years, which may obscure actual executive compensation if paid by a related entity.
• Significant year-over-year fluctuations in revenue, such as the drop from $2,383,261 in 2022 to $1,497,343 in 2023, could impact long-term planning.

Strengths

The following positive indicators were identified for Griffin Hospital Development Fund Inc:

• Assets have shown consistent growth over the years, from $7,943,641 in 2016 to $12,424,446 in 2023.
• The organization maintains a healthy asset base relative to its liabilities, indicating financial stability.

Frequently Asked Questions about Griffin Hospital Development Fund Inc

Filing History

IRS 990 filing history for Griffin Hospital Development Fund Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Griffin Hospital Development Fund Inc's revenue has grown by 755.1%, moving from $175K to $1.5M. Total assets increased by 94.9% over the same period, from $5.5M to $10.8M. Total functional expenses rose by 61.3%, from $590K to $952K. In its most recent filing year (2023), Griffin Hospital Development Fund Inc reported a surplus of $545K, with revenue exceeding expenses. The organization holds $173K in liabilities against $10.8M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $10.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.5M, expenses of $952K, and assets of $10.8M (revenue -37.2% year-over-year).
• 2022: Revenue of $2.4M, expenses of $2.5M, and assets of $9.0M (revenue +30.6% year-over-year).
• 2021: Revenue of $1.8M, expenses of $2.8M, and assets of $10.5M (revenue +40.2% year-over-year).
• 2020: Revenue of $1.3M, expenses of $1.5M, and assets of $10.2M (revenue -43.4% year-over-year).
• 2019: Revenue of $2.3M, expenses of $1.3M, and assets of $9.3M (revenue +37.4% year-over-year).
• 2018: Revenue of $1.7M, expenses of $2.0M, and assets of $9.1M (revenue +53.0% year-over-year).
• 2017: Revenue of $1.1M, expenses of $1.3M, and assets of $8.8M (revenue +10.0% year-over-year).
• 2016: Revenue of $994K, expenses of $2.8M, and assets of $7.9M (revenue -43.9% year-over-year).
• 2015: Revenue of $1.8M, expenses of $1.2M, and assets of $8.9M (revenue +394.7% year-over-year).
• 2014: Revenue of $358K, expenses of $575K, and assets of $8.3M (revenue -28.3% year-over-year).
• 2013: Revenue of $500K, expenses of $594K, and assets of $7.0M (revenue +71.9% year-over-year).
• 2012: Revenue of $291K, expenses of $561K, and assets of $6.1M (revenue +66.0% year-over-year).
• 2011: Revenue of $175K, expenses of $590K, and assets of $5.5M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Griffin Hospital Development Fund Inc:

Data Sources and Methodology

This transparency report for Griffin Hospital Development Fund 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.