Loudoun Memorial Hospital Tr 2 P62420008
Loudoun Memorial Hospital Trust consistently operates at a deficit, drawing on substantial assets.
EIN: 136257810 · Chicago, IL · NTEE: E22I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $595K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.2M |
| Transparency Score | 75/100 |
Is Loudoun Memorial Hospital Tr 2 P62420008 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Loudoun Memorial Hospital Tr 2 P62420008 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Loudoun Memorial Hospital Tr 2 P62420008
Loudoun Memorial Hospital Tr 2 P62420008 (EIN: 136257810) is a nonprofit organization based in Chicago, IL, classified under NTEE code E22I. The organization reported total revenue of $2.2M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loudoun Memorial Hospital Tr 2 P62420008's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loudoun Memorial Hospital Tr 2 P62420008 is a mid-size nonprofit that has been operating for 56 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $342K |
| Total Expenses | $595K |
| Surplus / Deficit | $-252,786 |
| Total Assets | $6.2M |
| Total Liabilities | $1 |
| Net Assets | $6.2M |
| Operating Margin | -73.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 124.6 months |
Financial Health Grade: B
In 2023, Loudoun Memorial Hospital Tr 2 P62420008 reported a deficit of $253K with expenses exceeding revenue, holds 124.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), Loudoun Memorial Hospital Tr 2 P62420008's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.7% | +51.0% | -4.0% |
| 2022 | -70.3% | -14.1% | -3.1% |
| 2021 | +12.6% | +5.7% | +2.8% |
| 2020 | +9.4% | +2.4% | +2.1% |
| 2019 | +20.0% | +1.8% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 Loudoun Memorial Hospital Tr 2 P62420008 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Loudoun Memorial Hospital Tr 2 P62420008 allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $253K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees receive compensation, which is highly efficient for an organization of this size with assets over $6 million.
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 Loudoun Memorial Hospital Tr 2 P62420008's IRS 990 filings:
- Consistent operational deficits (e.g., $252,786 in 2023, $204,527 in 2022)
- Declining asset base over recent years (from $6,634,189 in 2021 to $6,175,693 in 2023)
Strengths
The following positive indicators were identified for Loudoun Memorial Hospital Tr 2 P62420008:
- Substantial asset base ($6,175,693 in 2023)
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs
- Minimal liabilities reported ($1 in recent years)
- Consistent IRS 990 filing history (8 filings)
Frequently Asked Questions about Loudoun Memorial Hospital Tr 2 P62420008
Is Loudoun Memorial Hospital Tr 2 P62420008 a legitimate charity?
Loudoun Memorial Hospital Tr 2 P62420008 (EIN: 136257810) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 75/100. It has 8 years of IRS 990 filings on record. Total revenue: $2.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Loudoun Memorial Hospital Tr 2 P62420008 spend its money?
Loudoun Memorial Hospital Tr 2 P62420008 directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Loudoun Memorial Hospital Tr 2 P62420008 tax-deductible?
Loudoun Memorial Hospital Tr 2 P62420008 is registered as a tax-exempt nonprofit (EIN: 136257810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Loudoun Memorial Hospital Tr 2 P62420008 CEO make?
Loudoun Memorial Hospital Tr 2 P62420008's highest-compensated officer earns $6 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Loudoun Memorial Hospital Tr 2 P62420008's spending goes to programs?
Loudoun Memorial Hospital Tr 2 P62420008 directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Loudoun Memorial Hospital Tr 2 P62420008 compare to similar nonprofits?
With a transparency score of 75/100 (Good), Loudoun Memorial Hospital Tr 2 P62420008 is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Loudoun Memorial Hospital Tr 2 P62420008 located?
Loudoun Memorial Hospital Tr 2 P62420008 is headquartered in Chicago, Illinois and files with the IRS under EIN 136257810. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Loudoun Memorial Hospital Tr 2 P62420008 have?
Loudoun Memorial Hospital Tr 2 P62420008 has 8 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 $2.2M in total revenue.
How does Loudoun Memorial Hospital Tr 2 P62420008 cover its recurring operational deficits?
The organization appears to cover its operational deficits, such as the $252,786 deficit in 2023 ($594,718 expenses vs. $341,932 revenue), by drawing from its substantial asset base, which was $6,175,693 in 2023.
What is the purpose of this trust given its NTEE code E22I (General Hospitals)?
Given the NTEE code E22I (General Hospitals) and the name 'Loudoun Memorial Hospital Tr 2 P62420008', it likely functions as a supporting organization or endowment for a hospital, rather than operating a hospital directly, especially considering its revenue and expense levels.
Is the organization's asset base sustainable with consistent deficit spending?
While the current asset base of over $6 million is substantial, consistent deficit spending, as seen in 2023 ($594,718 expenses vs. $341,932 revenue) and 2022 ($393,785 expenses vs. $189,258 revenue), will gradually erode these assets if not offset by future surpluses or additional contributions.
Filing History
IRS 990 filing history for Loudoun Memorial Hospital Tr 2 P62420008 showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Loudoun Memorial Hospital Tr 2 P62420008's revenue has declined by 35.5%, moving from $530K to $342K. Total assets decreased by 6.2% over the same period, from $6.6M to $6.2M. Total functional expenses rose by 51%, from $394K to $595K. In its most recent filing year (2023), Loudoun Memorial Hospital Tr 2 P62420008 reported a deficit of $253K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $342K | $595K | $6.2M | $1 | — | View 990 |
| 2022 | $189K | $394K | $6.4M | $1 | — | View 990 |
| 2021 | $636K | $458K | $6.6M | $1 | — | — |
| 2020 | $565K | $434K | $6.5M | $1 | — | — |
| 2019 | $517K | $424K | $6.3M | $1 | — | View 990 |
| 2015 | $430K | $416K | $6.5M | $0 | — | View 990 |
| 2014 | $337K | $424K | $6.5M | $0 | — | View 990 |
| 2013 | $530K | $394K | $6.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $342K, expenses of $595K, and assets of $6.2M (revenue +80.7% year-over-year).
- 2022: Revenue of $189K, expenses of $394K, and assets of $6.4M (revenue -70.3% year-over-year).
- 2021: Revenue of $636K, expenses of $458K, and assets of $6.6M (revenue +12.6% year-over-year).
- 2020: Revenue of $565K, expenses of $434K, and assets of $6.5M (revenue +9.4% year-over-year).
- 2019: Revenue of $517K, expenses of $424K, and assets of $6.3M (revenue +20.0% year-over-year).
- 2015: Revenue of $430K, expenses of $416K, and assets of $6.5M (revenue +27.6% year-over-year).
- 2014: Revenue of $337K, expenses of $424K, and assets of $6.5M (revenue -36.4% year-over-year).
- 2013: Revenue of $530K, expenses of $394K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loudoun Memorial Hospital Tr 2 P62420008:
Data Sources and Methodology
This transparency report for Loudoun Memorial Hospital Tr 2 P62420008 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.