Lourdes Hospital Foundation Inc

Lourdes Hospital Foundation maintains substantial assets despite fluctuating revenues and occasional deficit spending.

EIN: 161170915 · Binghamton, NY · NTEE: E22I · Updated: 2026-03-28

$6.1MRevenue

$33.7MAssets

85/100Mission Score (Excellent)

E22I

About Lourdes Hospital Foundation Inc

Lourdes Hospital Foundation Inc (EIN: 161170915) is a nonprofit organization based in Binghamton, NY, classified under NTEE code E22I. The organization reported total revenue of $6.1M and total assets of $33.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lourdes Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Lourdes Hospital Foundation Inc. demonstrates a generally stable financial position with significant assets, reaching $31,458,595 in the 202306 period. The organization's revenue has fluctuated considerably over the years, with a notable peak of $7,595,459 in 202110 and a more recent $1,879,221 in 202306. Expenses have also varied, sometimes exceeding revenue, such as in 202306 where expenses were $2,146,919 against $1,879,221 in revenue, and in 201610 where expenses were $4,503,834 against $1,487,857 in revenue. This indicates periods of deficit spending, which could draw down reserves if not balanced by future surpluses.

The foundation consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. While the specific breakdown of program, administrative, and fundraising expenses isn't detailed in the provided summary, the absence of officer compensation suggests a lean operational structure at the top. The significant asset base provides a strong financial cushion, but the variability in annual revenue and occasional expense overruns warrant careful monitoring to ensure long-term sustainability and consistent program delivery.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lourdes Hospital Foundation Inc with a Mission Score of 85 out of 100 (Excellent). 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, Lourdes Hospital Foundation 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 consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly favorable for directing funds to the 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 Lourdes Hospital Foundation Inc's IRS 990 filings:

Significant year-over-year revenue volatility
Occasional periods of expenses exceeding revenue, such as in 202306 and 201610

Strengths

The following positive indicators were identified for Lourdes Hospital Foundation Inc:

Consistently reports 0% officer compensation, indicating high efficiency in executive pay
Maintains a substantial asset base ($31,458,595 in 202306) providing financial stability
Strong program focus implied by lack of officer compensation and foundation's mission

Frequently Asked Questions about Lourdes Hospital Foundation Inc

How does Lourdes Hospital Foundation Inc. manage its significant revenue fluctuations?

The organization experiences substantial year-to-year revenue changes, such as $7,595,459 in 202110 down to $711,958 in 202206. This volatility suggests reliance on large, infrequent donations or investment returns, which requires robust financial planning to ensure consistent operations.

What is the primary purpose of the foundation's substantial assets?

With assets reaching $31,458,595 in 202306, the foundation likely uses these funds as an endowment to generate investment income, support long-term projects, and provide a financial buffer for Lourdes Hospital.

Does the foundation consistently operate at a surplus?

No, the foundation has experienced periods where expenses exceeded revenue, such as in 202306 ($2,146,919 expenses vs. $1,879,221 revenue) and 201610 ($4,503,834 expenses vs. $1,487,857 revenue), indicating occasional deficit spending.

Filing History

IRS 990 filing history for Lourdes Hospital Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Lourdes Hospital Foundation Inc's revenue has declined by 63.4%, moving from $5.1M to $1.9M. Total assets increased by 34.1% over the same period, from $23.5M to $31.5M. Total functional expenses rose by 2.3%, from $2.1M to $2.1M. In its most recent filing year (2023), Lourdes Hospital Foundation Inc reported a deficit of $268K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $31.5M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $30.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.9M	$2.1M	$31.5M	$1.3M	—	—
2022	$712K	$459K	$28.7M	$70K	—	View 990
2021	$7.6M	$882K	$32.4M	$174K	—	View 990
2020	$2.4M	$1.1M	$27.3M	$677K	—	—
2019	$1.6M	$2.3M	$26.7M	$968K	—	View 990
2018	$2.7M	$747K	$25.6M	$592K	—	View 990
2017	$1.8M	$1.1M	$25.2M	$1.4M	—	—
2016	$1.5M	$4.5M	$26.0M	$4.4M	—	View 990
2015	$1.8M	$1.5M	$24.3M	$1.0M	—	View 990
2014	$3.3M	$3.0M	$24.6M	$17K	—	View 990
2013	$3.0M	$1.8M	$26.1M	$1.1M	—	View 990
2012	$3.0M	$1.6M	$24.5M	$1.8M	—	View 990
2011	$5.1M	$2.1M	$23.5M	$2.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.9M, expenses of $2.1M, and assets of $31.5M (revenue +164.0% year-over-year).
2022: Revenue of $712K, expenses of $459K, and assets of $28.7M (revenue -90.6% year-over-year).
2021: Revenue of $7.6M, expenses of $882K, and assets of $32.4M (revenue +220.5% year-over-year).
2020: Revenue of $2.4M, expenses of $1.1M, and assets of $27.3M (revenue +48.7% year-over-year).
2019: Revenue of $1.6M, expenses of $2.3M, and assets of $26.7M (revenue -39.9% year-over-year).
2018: Revenue of $2.7M, expenses of $747K, and assets of $25.6M (revenue +48.6% year-over-year).
2017: Revenue of $1.8M, expenses of $1.1M, and assets of $25.2M (revenue +19.9% year-over-year).
2016: Revenue of $1.5M, expenses of $4.5M, and assets of $26.0M (revenue -18.2% year-over-year).
2015: Revenue of $1.8M, expenses of $1.5M, and assets of $24.3M (revenue -44.8% year-over-year).
2014: Revenue of $3.3M, expenses of $3.0M, and assets of $24.6M (revenue +9.0% year-over-year).
2013: Revenue of $3.0M, expenses of $1.8M, and assets of $26.1M (revenue -0.6% year-over-year).
2012: Revenue of $3.0M, expenses of $1.6M, and assets of $24.5M (revenue -40.7% year-over-year).
2011: Revenue of $5.1M, expenses of $2.1M, and assets of $23.5M.

Data Sources and Methodology

This transparency report for Lourdes Hospital Foundation 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.