Kings Daughters Hospital Foundation Incorporated

Kings Daughters Hospital Foundation faces persistent operating deficits and declining assets.

EIN: 202148950 · Madison, IN · NTEE: E112 · Updated: 2026-03-28

$258KRevenue

$837KAssets

55/100Mission Score (Fair)

E112

About Kings Daughters Hospital Foundation Incorporated

Kings Daughters Hospital Foundation Incorporated (EIN: 202148950) is a nonprofit organization based in Madison, IN, classified under NTEE code E112. The organization reported total revenue of $258K and total assets of $837K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kings Daughters Hospital Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Kings Daughters Hospital Foundation Incorporated exhibits a concerning trend of declining assets and consistent operating deficits over the past several years. In 2021, the organization reported $219,208 in revenue against $360,991 in expenses, resulting in a deficit of $141,783. This continues a pattern seen in most recent years, where expenses frequently outpace revenue, leading to a significant reduction in assets from a peak of over $2 million in 2014 to $836,565 in 2021. While the organization reports 0% officer compensation, which is a positive for resource allocation, the overall financial sustainability is questionable given the persistent negative operating margins. The NTEE code E112 suggests a focus on general hospitals, which aligns with a foundation supporting a hospital, but the financial trends indicate a need for strategic review of fundraising and expenditure management to ensure long-term viability and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Kings Daughters Hospital Foundation Incorporated with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Kings Daughters Hospital Foundation Incorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is a strong positive for resource allocation to its mission.

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 Kings Daughters Hospital Foundation Incorporated's IRS 990 filings:

Consistent operating deficits: Expenses frequently exceed revenue, as seen in 2021 ($360,991 expenses vs. $219,208 revenue).
Significant decline in assets: Assets have decreased by over 50% from $2,029,551 in 2014 to $836,565 in 2021.
Unexplained revenue volatility: A large revenue spike in 2014 ($1,519,444) followed by a return to much lower levels suggests potential reliance on infrequent large contributions or an unusual event.

Strengths

The following positive indicators were identified for Kings Daughters Hospital Foundation Incorporated:

Zero officer compensation: No salaries are paid to officers, maximizing funds for programs.
Low liabilities: Liabilities are generally very low, indicating good financial control over debt.

Frequently Asked Questions about Kings Daughters Hospital Foundation Incorporated

Is Kings Daughters Hospital Foundation Incorporated financially sustainable?

The foundation's financial sustainability is questionable given that expenses have consistently exceeded revenue in most recent years, leading to a significant decline in assets from $2,029,551 in 2014 to $836,565 in 2021.

What is the trend in the organization's assets?

The organization's assets have been in a consistent decline, falling from a high of $2,029,551 in 2014 to $836,565 in 2021, indicating a depletion of reserves.

How does officer compensation compare to other nonprofits?

Officer compensation is reported as 0% in all available filings, which is exceptionally low and suggests a volunteer-led or very lean administrative structure, a positive for donor confidence.

What caused the significant revenue spike in 2014?

In 2014, the organization reported an unusually high revenue of $1,519,444 compared to an average of around $200,000-$300,000 in other years. This spike warrants further investigation to understand if it was a one-time donation, a capital campaign, or an anomaly.

Are the liabilities a concern?

Liabilities have generally remained low, ranging from $250 to $14,475 in most years, with an exception in 2013 at $1,003,011. The current low liabilities of $5,176 in 2021 are not a significant concern relative to assets.

Filing History

IRS 990 filing history for Kings Daughters Hospital Foundation Incorporated showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2021), Kings Daughters Hospital Foundation Incorporated's revenue has declined by 62.5%, moving from $584K to $219K. Total assets decreased by 36.8% over the same period, from $1.3M to $837K. Total functional expenses rose by 701%, from $45K to $361K. In its most recent filing year (2021), Kings Daughters Hospital Foundation Incorporated reported a deficit of $142K, with expenses exceeding revenue. The organization holds $5K in liabilities against $837K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $831K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2021	$219K	$361K	$837K	$5K	—	View 990
2020	$302K	$499K	$1.0M	$10K	—	View 990
2019	$236K	$431K	$1.2M	$7K	—	View 990
2018	$257K	$395K	$1.4M	$5K	—	View 990
2017	$211K	$125K	$1.5M	$7K	—	View 990
2016	$182K	$462K	$1.4M	$7K	—	View 990
2015	$292K	$614K	$1.7M	$3K	—	View 990
2014	$1.5M	$189K	$2.0M	$14K	—	View 990
2013	$352K	$1.2M	$1.7M	$1.0M	—	View 990
2012	$189K	$37K	$1.5M	$250	—	View 990
2011	$584K	$45K	$1.3M	$0	—	View 990

Year-by-Year Financial Summary

2021: Revenue of $219K, expenses of $361K, and assets of $837K (revenue -27.4% year-over-year).
2020: Revenue of $302K, expenses of $499K, and assets of $1.0M (revenue +27.9% year-over-year).
2019: Revenue of $236K, expenses of $431K, and assets of $1.2M (revenue -8.1% year-over-year).
2018: Revenue of $257K, expenses of $395K, and assets of $1.4M (revenue +21.8% year-over-year).
2017: Revenue of $211K, expenses of $125K, and assets of $1.5M (revenue +16.1% year-over-year).
2016: Revenue of $182K, expenses of $462K, and assets of $1.4M (revenue -37.8% year-over-year).
2015: Revenue of $292K, expenses of $614K, and assets of $1.7M (revenue -80.8% year-over-year).
2014: Revenue of $1.5M, expenses of $189K, and assets of $2.0M (revenue +331.2% year-over-year).
2013: Revenue of $352K, expenses of $1.2M, and assets of $1.7M (revenue +86.6% year-over-year).
2012: Revenue of $189K, expenses of $37K, and assets of $1.5M (revenue -67.7% year-over-year).
2011: Revenue of $584K, expenses of $45K, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Kings Daughters Hospital Foundation Incorporated 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.