Margaretville Memorial Hospital
Margaretville Memorial Hospital faces persistent operational deficits and increasing liabilities.
EIN: 150552726 · Margaretville, NY · NTEE: E22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.4M |
| Total Expenses | $18.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $16 |
| Net Assets | $-3,111,944 |
| Transparency Score | 65/100 |
Is Margaretville Memorial Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaretville Memorial Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaretville Memorial Hospital
Margaretville Memorial Hospital (EIN: 150552726) is a nonprofit organization based in Margaretville, NY, classified under NTEE code E22Z. The organization reported total revenue of $16.4M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaretville Memorial Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaretville Memorial Hospital is a large nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.5M |
| Total Expenses | $18.5M |
| Surplus / Deficit | $-1,984,495 |
| Total Assets | $6.6M |
| Total Liabilities | $9.7M |
| Net Assets | $-3,111,944 |
| Operating Margin | -12.0% |
| Debt-to-Asset Ratio | 147.1% |
| Months of Reserves | 4.3 months |
Financial Health Grade: C
In 2023, Margaretville Memorial Hospital reported a deficit of $2.0M with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 147.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Margaretville Memorial Hospital's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | +5.4% | -13.9% |
| 2022 | +0.5% | +0.8% | +2.3% |
| 2021 | -17.7% | +13.7% | -5.5% |
| 2020 | +36.6% | -0.8% | +59.2% |
| 2019 | -2.6% | +4.9% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1944 |
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 Margaretville Memorial Hospital with a Mission Score of 65 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: 85%
- fundraising: 5%
According to IRS 990 filings, Margaretville Memorial Hospital allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 147.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with over $16 million in annual revenue and suggests a strong commitment to directing funds towards 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 Margaretville Memorial Hospital's IRS 990 filings:
- Consistent operational deficits (8 out of 10 years)
- Significant increase in liabilities from $5.5M in 2022 to $9.7M in 2023
- Liabilities ($9.7M) exceeding assets ($6.6M) in 2023
- Declining asset base from $7.6M in 2022 to $6.6M in 2023
Strengths
The following positive indicators were identified for Margaretville Memorial Hospital:
- 0% officer compensation reported across all filings, indicating strong resource stewardship.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance.
Frequently Asked Questions about Margaretville Memorial Hospital
Is Margaretville Memorial Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaretville Memorial Hospital (EIN: 150552726) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Margaretville Memorial Hospital spend its money?
Margaretville Memorial Hospital directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margaretville Memorial Hospital tax-deductible?
Margaretville Memorial Hospital is registered as a tax-exempt nonprofit (EIN: 150552726). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Margaretville Memorial Hospital CEO make?
Margaretville Memorial Hospital's highest-compensated officer earns $16 annually. The organization reported $16.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Margaretville Memorial Hospital's spending goes to programs?
Margaretville Memorial Hospital directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Margaretville Memorial Hospital compare to similar nonprofits?
With a transparency score of 65/100 (Good), Margaretville Memorial Hospital is above average for NTEE category E22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Margaretville Memorial Hospital located?
Margaretville Memorial Hospital is headquartered in Margaretville, New York and files with the IRS under EIN 150552726. It is classified under NTEE code E22Z.
How many years of IRS 990 filings does Margaretville Memorial Hospital have?
Margaretville Memorial Hospital has 13 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 $16.4M in total revenue.
Is Margaretville Memorial Hospital financially stable?
The hospital has experienced consistent operational deficits, with expenses exceeding revenue in 8 of the last 10 years, and a significant increase in liabilities from $5,503,541 in 2022 to $9,722,765 in 2023, suggesting financial instability.
How does Margaretville Memorial Hospital manage its debt?
Liabilities have significantly increased, reaching $9,722,765 in 2023, which is higher than its assets of $6,610,821, indicating a challenging debt management situation.
What is the trend in the hospital's revenue and expenses?
Revenue has fluctuated but generally remained in the $13-19 million range, while expenses have consistently been higher than revenue in most years, leading to recurring operational losses.
How does the hospital's asset base compare to its liabilities?
In 2023, the hospital's liabilities ($9,722,765) significantly exceeded its assets ($6,610,821), indicating a negative net asset position.
Filing History
IRS 990 filing history for Margaretville Memorial Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Margaretville Memorial Hospital's revenue has grown by 35%, moving from $12.3M to $16.5M. Total assets decreased by 48.2% over the same period, from $12.8M to $6.6M. Total functional expenses rose by 68.5%, from $11.0M to $18.5M. In its most recent filing year (2023), Margaretville Memorial Hospital reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $9.7M in liabilities against $6.6M in assets (debt-to-asset ratio: 147.1%), resulting in net assets of $-3,111,944.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.5M | $18.5M | $6.6M | $9.7M | — | — |
| 2022 | $15.7M | $17.6M | $7.7M | $5.5M | — | View 990 |
| 2021 | $15.7M | $17.5M | $7.5M | $6.2M | — | View 990 |
| 2020 | $19.0M | $15.4M | $7.9M | $4.9M | — | View 990 |
| 2019 | $13.9M | $15.5M | $5.0M | $5.6M | — | View 990 |
| 2018 | $14.3M | $14.8M | $5.4M | $4.2M | — | View 990 |
| 2017 | $13.0M | $13.5M | $6.1M | $4.4M | — | View 990 |
| 2016 | $13.8M | $12.9M | $7.2M | $5.0M | — | View 990 |
| 2015 | $11.6M | $13.4M | $9.2M | $8.2M | — | View 990 |
| 2014 | $12.1M | $12.7M | $11.7M | $8.9M | — | View 990 |
| 2013 | $10.7M | $12.4M | $17.3M | $13.9M | — | View 990 |
| 2012 | $11.2M | $10.6M | $13.3M | $8.2M | — | View 990 |
| 2011 | $12.3M | $11.0M | $12.8M | $8.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.5M, expenses of $18.5M, and assets of $6.6M (revenue +5.0% year-over-year).
- 2022: Revenue of $15.7M, expenses of $17.6M, and assets of $7.7M (revenue +0.5% year-over-year).
- 2021: Revenue of $15.7M, expenses of $17.5M, and assets of $7.5M (revenue -17.7% year-over-year).
- 2020: Revenue of $19.0M, expenses of $15.4M, and assets of $7.9M (revenue +36.6% year-over-year).
- 2019: Revenue of $13.9M, expenses of $15.5M, and assets of $5.0M (revenue -2.6% year-over-year).
- 2018: Revenue of $14.3M, expenses of $14.8M, and assets of $5.4M (revenue +9.7% year-over-year).
- 2017: Revenue of $13.0M, expenses of $13.5M, and assets of $6.1M (revenue -5.1% year-over-year).
- 2016: Revenue of $13.8M, expenses of $12.9M, and assets of $7.2M (revenue +18.4% year-over-year).
- 2015: Revenue of $11.6M, expenses of $13.4M, and assets of $9.2M (revenue -3.8% year-over-year).
- 2014: Revenue of $12.1M, expenses of $12.7M, and assets of $11.7M (revenue +13.1% year-over-year).
- 2013: Revenue of $10.7M, expenses of $12.4M, and assets of $17.3M (revenue -4.5% year-over-year).
- 2012: Revenue of $11.2M, expenses of $10.6M, and assets of $13.3M (revenue -8.9% year-over-year).
- 2011: Revenue of $12.3M, expenses of $11.0M, and assets of $12.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaretville Memorial Hospital:
Data Sources and Methodology
This transparency report for Margaretville Memorial Hospital 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.