Lawrence And Memorial Corporation
Lawrence And Memorial Corporation: Stable Assets, Fluctuating Revenue
EIN: 222553028 · New London, CT · NTEE: E120 · Updated: 2026-04-04
Is Lawrence And Memorial Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lawrence And Memorial Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lawrence And Memorial Corporation
Lawrence And Memorial Corporation (EIN: 222553028) is a nonprofit organization based in New London, CT, classified under NTEE code E120. The organization reported total revenue of $5.0M and total assets of $86.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lawrence And Memorial Corporation'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 Lawrence And Memorial Corporation 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, Lawrence And Memorial Corporation 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
Without specific compensation figures for executives, a detailed assessment of executive compensation is not possible from the provided data.
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 Lawrence And Memorial Corporation's IRS 990 filings:
- Significant fluctuation in reported revenue, from $8,524,519 in 2017 to $4,969,262 in 2023, warrants further investigation into revenue streams and stability.
Strengths
The following positive indicators were identified for Lawrence And Memorial Corporation:
- Consistent asset base, generally above $80 million, indicates financial stability despite revenue variations.
- Long operational history with consistent annual filings suggests a well-established organization.
Frequently Asked Questions about Lawrence And Memorial Corporation
Is Lawrence And Memorial Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lawrence And Memorial Corporation (EIN: 222553028) some concerns. Mission Score: 75/100. 1 red flag identified, 2 strengths noted.
How does Lawrence And Memorial Corporation spend its money?
Lawrence And Memorial Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lawrence And Memorial Corporation tax-deductible?
Lawrence And Memorial Corporation is registered as a tax-exempt nonprofit (EIN: 222553028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Lawrence And Memorial Corporation do?
Lawrence And Memorial Corporation is a nonprofit organization in the Health Care sector, located in New London, Connecticut. It is classified under NTEE code E120.
How much revenue does Lawrence And Memorial Corporation have?
Lawrence And Memorial Corporation reported total revenue of $4,969,262. Based on 13 IRS 990 filings on record.
What are Lawrence And Memorial Corporation's total assets?
Lawrence And Memorial Corporation holds total assets of $86,848,303 as reported in IRS 990 filings.
Where is Lawrence And Memorial Corporation located?
Lawrence And Memorial Corporation is based in New London, Connecticut.
What is Lawrence And Memorial Corporation's EIN?
Lawrence And Memorial Corporation's Employer Identification Number (EIN) is 222553028. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lawrence And Memorial Corporation?
Lawrence And Memorial Corporation is classified under NTEE code E120 (Health Care).
Is Lawrence And Memorial Corporation a registered 501(c)(3)?
Yes, Lawrence And Memorial Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222553028.
Does Lawrence And Memorial Corporation file IRS Form 990?
Yes, Lawrence And Memorial Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Lawrence And Memorial Corporation's revenue in 2023?
In the 202309 filing period, Lawrence And Memorial Corporation reported total revenue of $874,078, total expenses of $31,052, and net assets of $84,169,733.
Is Lawrence And Memorial Corporation's revenue growing or declining?
Lawrence And Memorial Corporation's revenue is declining. Revenue went from $2,371,959 (202209) to $874,078 (202309), a -63.1% change. Based on 13 filings on record.
What is Lawrence And Memorial Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Lawrence And Memorial Corporation covers tax period 202309. It shows revenue of $874,078, expenses of $31,052, total assets of $84,169,733, and liabilities of $7,353.
How much does Lawrence And Memorial Corporation spend on programs vs administration?
Based on IRS 990 analysis, Lawrence And Memorial Corporation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Lawrence And Memorial Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Lawrence And Memorial Corporation appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 2 strengths noted.
What are the red flags for Lawrence And Memorial Corporation?
The following concerns were identified: Significant fluctuation in reported revenue, from $8,524,519 in 2017 to $4,969,262 in 2023, warrants further investigation into revenue streams and stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lawrence And Memorial Corporation's strengths?
Positive indicators for Lawrence And Memorial Corporation include: Consistent asset base, generally above $80 million, indicates financial stability despite revenue variations.. Long operational history with consistent annual filings suggests a well-established organization.. These findings are derived from AI analysis of the organization's financial filings.
How does Lawrence And Memorial Corporation compensate executives?
Without specific compensation figures for executives, a detailed assessment of executive compensation is not possible from the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contribute to the substantial year-over-year revenue fluctuations, such as the drop from $8,524,519 in 2017 to $4,969,262 in 2023?
The provided data does not specify the reasons for revenue fluctuations. This could be due to changes in funding, service demand, or reporting methodologies, requiring a deeper dive into their financial statements and operational reports.
Filing History
IRS 990 filing history for Lawrence And Memorial Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lawrence And Memorial Corporation's revenue has declined by 88%, moving from $7.3M to $874K. Total assets increased by 31.8% over the same period, from $63.9M to $84.2M. Total functional expenses fell by 93.4%, from $471K to $31K. In its most recent filing year (2023), Lawrence And Memorial Corporation reported a surplus of $843K, with revenue exceeding expenses. The organization holds $7K in liabilities against $84.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $84.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $874K | $31K | $84.2M | $7K | — | — |
| 2022 | $2.4M | $36K | $81.3M | $7K | — | — |
| 2021 | $2.5M | $1.0M | $87.3M | $2.7M | — | View 990 |
| 2020 | $1.6M | $111K | $86.4M | $31K | — | View 990 |
| 2019 | $1.6M | $46K | $84.6M | $29K | — | View 990 |
| 2018 | $4.2M | $94K | $85.9M | $2.5M | — | View 990 |
| 2017 | $8.5M | $431K | $80.9M | $2.0M | — | View 990 |
| 2016 | $2.6M | $1.3M | $69.5M | $2.0M | — | View 990 |
| 2015 | $7.2M | $2.0M | $65.8M | $2.0M | — | View 990 |
| 2014 | $3.4M | $634K | $69.7M | $2.0M | — | View 990 |
| 2013 | $3.7M | $3.4M | $66.0M | $14.7M | — | View 990 |
| 2012 | $4.9M | $3.0M | $70.7M | $221K | — | View 990 |
| 2011 | $7.3M | $471K | $63.9M | $236K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $874K, expenses of $31K, and assets of $84.2M (revenue -63.1% year-over-year).
- 2022: Revenue of $2.4M, expenses of $36K, and assets of $81.3M (revenue -6.0% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.0M, and assets of $87.3M (revenue +61.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $111K, and assets of $86.4M (revenue -2.2% year-over-year).
- 2019: Revenue of $1.6M, expenses of $46K, and assets of $84.6M (revenue -62.0% year-over-year).
- 2018: Revenue of $4.2M, expenses of $94K, and assets of $85.9M (revenue -50.6% year-over-year).
- 2017: Revenue of $8.5M, expenses of $431K, and assets of $80.9M (revenue +232.5% year-over-year).
- 2016: Revenue of $2.6M, expenses of $1.3M, and assets of $69.5M (revenue -64.6% year-over-year).
- 2015: Revenue of $7.2M, expenses of $2.0M, and assets of $65.8M (revenue +112.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $634K, and assets of $69.7M (revenue -6.9% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.4M, and assets of $66.0M (revenue -25.5% year-over-year).
- 2012: Revenue of $4.9M, expenses of $3.0M, and assets of $70.7M (revenue -32.5% year-over-year).
- 2011: Revenue of $7.3M, expenses of $471K, and assets of $63.9M.
Data Sources and Methodology
This transparency report for Lawrence And Memorial Corporation 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.