Griffin Hospital Development Fund Inc
Griffin Hospital Development Fund: Stable Assets, Fluctuating Revenue
EIN: 222560254 · Derby, CT · Updated: 2026-04-04
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 →
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.
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.
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
Is Griffin Hospital Development Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Griffin Hospital Development Fund Inc (EIN: 222560254) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Griffin Hospital Development Fund Inc spend its money?
Griffin Hospital Development Fund Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Griffin Hospital Development Fund Inc tax-deductible?
Griffin Hospital Development Fund Inc is registered as a tax-exempt nonprofit (EIN: 222560254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Griffin Hospital Development Fund Inc do?
Griffin Hospital Development Fund Inc is a nonprofit organization in the Unknown sector, located in Derby, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Griffin Hospital Development Fund Inc have?
Griffin Hospital Development Fund Inc reported total revenue of $3,297,701. Based on 13 IRS 990 filings on record.
What are Griffin Hospital Development Fund Inc's total assets?
Griffin Hospital Development Fund Inc holds total assets of $12,424,446 as reported in IRS 990 filings.
Where is Griffin Hospital Development Fund Inc located?
Griffin Hospital Development Fund Inc is based in Derby, Connecticut.
What is Griffin Hospital Development Fund Inc's EIN?
Griffin Hospital Development Fund Inc's Employer Identification Number (EIN) is 222560254. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Griffin Hospital Development Fund Inc?
Griffin Hospital Development Fund Inc is classified under NTEE code Unknown (Unknown).
Is Griffin Hospital Development Fund Inc a registered 501(c)(3)?
Griffin Hospital Development Fund Inc appears in IRS records (EIN: 222560254). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Griffin Hospital Development Fund Inc file IRS Form 990?
Yes, Griffin Hospital Development Fund Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Griffin Hospital Development Fund Inc's revenue in 2023?
In the 202309 filing period, Griffin Hospital Development Fund Inc reported total revenue of $1,497,343, total expenses of $952,492, and net assets of $10,786,678.
Is Griffin Hospital Development Fund Inc's revenue growing or declining?
Griffin Hospital Development Fund Inc's revenue is declining. Revenue went from $2,383,261 (202209) to $1,497,343 (202309), a -37.2% change. Based on 13 filings on record.
What is Griffin Hospital Development Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Griffin Hospital Development Fund Inc covers tax period 202309. It shows revenue of $1,497,343, expenses of $952,492, total assets of $10,786,678, and liabilities of $173,271.
How much does Griffin Hospital Development Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, Griffin Hospital Development Fund Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Griffin Hospital Development Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Griffin Hospital Development Fund Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Griffin Hospital Development Fund Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Griffin Hospital Development Fund Inc's strengths?
Positive indicators for Griffin Hospital Development Fund Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Griffin Hospital Development Fund Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
How transparent is Griffin Hospital Development Fund Inc?
• The organization consistently reports 0% compensation, suggesting executive salaries are covered by Griffin Hospital or not directly reported in these filings. • Revenue has fluctuated significantly, from a high of $2,383,261 in 2022 to a low of $994,191 in 2016. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent 'c0%' for compensation, how does Griffin Hospital Development Fund Inc. ensure transparency regarding the compensation of individuals managing its operations, especially if they are employees of the parent hospital?
The consistent reporting of 'c0%' for compensation suggests that the salaries of individuals managing the fund are likely covered by Griffin Hospital directly. To ensure transparency, the fund should clarify this arrangement in its public filings or on its website, detailing how these costs are absorbed and if any portion is indirectly allocated to the fund's operations.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $952K | $10.8M | $173K | — | — |
| 2022 | $2.4M | $2.5M | $9.0M | $146K | — | — |
| 2021 | $1.8M | $2.8M | $10.5M | $93K | — | View 990 |
| 2020 | $1.3M | $1.5M | $10.2M | $340K | — | — |
| 2019 | $2.3M | $1.3M | $9.3M | $218K | — | View 990 |
| 2018 | $1.7M | $2.0M | $9.1M | $108K | — | View 990 |
| 2017 | $1.1M | $1.3M | $8.8M | $208K | — | View 990 |
| 2016 | $994K | $2.8M | $7.9M | $109K | — | View 990 |
| 2015 | $1.8M | $1.2M | $8.9M | $117K | — | View 990 |
| 2014 | $358K | $575K | $8.3M | $80K | — | View 990 |
| 2013 | $500K | $594K | $7.0M | $70K | — | View 990 |
| 2012 | $291K | $561K | $6.1M | $144K | — | View 990 |
| 2011 | $175K | $590K | $5.5M | $119K | — | View 990 |
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.
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.