Mary Hitchcock Memorial Hospital
Mary Hitchcock Memorial Hospital shows consistent revenue growth and strong asset accumulation over the past decade.
EIN: 20222140 · Lebanon, NH · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3B |
| Total Expenses | $1.9B |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.2 |
| Net Assets | $999.5M |
| Transparency Score | 85/100 |
Is Mary Hitchcock Memorial Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mary Hitchcock Memorial Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mary Hitchcock Memorial Hospital
Mary Hitchcock Memorial Hospital (EIN: 20222140) is a nonprofit organization based in Lebanon, NH, classified under NTEE code E220. The organization reported total revenue of $2.3B and total assets of $2.3B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Hitchcock Memorial Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Hitchcock Memorial Hospital is a major nonprofit that has been operating for 92 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0B |
| Total Expenses | $1.9B |
| Surplus / Deficit | +$57.3M |
| Total Assets | $2.2B |
| Total Liabilities | $1.2B |
| Net Assets | $999.5M |
| Operating Margin | 2.9% |
| Debt-to-Asset Ratio | 55.2% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2023, Mary Hitchcock Memorial Hospital reported a surplus of $57.3M with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 55.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mary Hitchcock Memorial Hospital's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | +10.9% | +6.3% |
| 2022 | +11.3% | +11.1% | -5.9% |
| 2021 | +10.4% | +5.6% | +9.3% |
| 2020 | +4.7% | +11.6% | +31.7% |
| 2019 | +10.2% | +9.5% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1934 |
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 Mary Hitchcock Memorial Hospital 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: 85%
- fundraising: 5%
According to IRS 990 filings, Mary Hitchcock 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 surplus of $57.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.2%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all filing periods, which is highly unusual for an organization of this scale (latest revenue over $2.2 billion). This either indicates that executive compensation is reported under a different category not specified here, or there is a lack of transparency regarding executive pay.
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 Mary Hitchcock Memorial Hospital's IRS 990 filings:
- Consistent 0% reported for Officer Compensation, which is highly unusual for an organization of this size and warrants further investigation into reporting practices.
Strengths
The following positive indicators were identified for Mary Hitchcock Memorial Hospital:
- Consistent and substantial revenue growth over the past decade, from $987,433,259 in 201406 to $2,264,104,728 currently.
- Strong financial stability demonstrated by consistent operating surpluses (e.g., $57,251,721 in 202306).
- Robust asset base of $2,337,348,189, significantly exceeding liabilities, indicating strong long-term financial health.
- Positive trend in net assets, growing from approximately $493 million in 2014 to nearly $1 billion in 2023.
Frequently Asked Questions about Mary Hitchcock Memorial Hospital
Is Mary Hitchcock Memorial Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Mary Hitchcock Memorial Hospital (EIN: 20222140) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Mary Hitchcock Memorial Hospital spend its money?
Mary Hitchcock Memorial Hospital directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mary Hitchcock Memorial Hospital tax-deductible?
Mary Hitchcock Memorial Hospital is registered as a tax-exempt nonprofit (EIN: 20222140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mary Hitchcock Memorial Hospital CEO make?
Mary Hitchcock Memorial Hospital's highest-compensated officer earns $2.2 annually. The organization reported $2.3B in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mary Hitchcock Memorial Hospital's spending goes to programs?
Mary Hitchcock Memorial Hospital directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mary Hitchcock Memorial Hospital compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mary Hitchcock Memorial Hospital is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mary Hitchcock Memorial Hospital located?
Mary Hitchcock Memorial Hospital is headquartered in Lebanon, New Hampshire and files with the IRS under EIN 20222140. It is classified under NTEE code E220.
How many years of IRS 990 filings does Mary Hitchcock Memorial Hospital have?
Mary Hitchcock 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 $2.3B in total revenue.
How does Mary Hitchcock Memorial Hospital allocate its expenses between programs, administration, and fundraising?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While the organization consistently operates with a surplus (e.g., $57,251,721 in 202306), specific percentages for each spending area are not available in this summary.
Why is Officer Compensation consistently reported as 0%?
Reporting 0% for Officer Compensation for an organization with over $2 billion in revenue is highly atypical. This could mean that executive compensation is included within other expense categories, or it represents a reporting anomaly that warrants further investigation into the full IRS 990 forms for clarity.
What is the trend in the hospital's net assets?
The hospital's net assets have shown significant growth, increasing from $493,372,684 in 201406 (Assets $1,331,158,473 - Liabilities $689,440,250) to $999,498,729 in 202306 (Assets $2,230,963,269 - Liabilities $1,231,464,540), indicating strong financial health and accumulation of resources.
Filing History
IRS 990 filing history for Mary Hitchcock Memorial Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mary Hitchcock Memorial Hospital's revenue has grown by 112.5%, moving from $931.8M to $2.0B. Total assets increased by 94.5% over the same period, from $1.1B to $2.2B. Total functional expenses rose by 105.9%, from $934.0M to $1.9B. In its most recent filing year (2023), Mary Hitchcock Memorial Hospital reported a surplus of $57.3M, with revenue exceeding expenses. The organization holds $1.2B in liabilities against $2.2B in assets (debt-to-asset ratio: 55.2%), resulting in net assets of $999.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0B | $1.9B | $2.2B | $1.2B | — | — |
| 2022 | $1.8B | $1.7B | $2.1B | $1.2B | — | View 990 |
| 2021 | $1.6B | $1.6B | $2.2B | $1.3B | — | — |
| 2020 | $1.5B | $1.5B | $2.0B | $1.4B | — | View 990 |
| 2019 | $1.4B | $1.3B | $1.6B | $868.9M | — | View 990 |
| 2018 | $1.3B | $1.2B | $1.4B | $820.8M | — | View 990 |
| 2017 | $1.2B | $1.2B | $1.3B | $738.0M | — | View 990 |
| 2016 | $1.1B | $1.1B | $1.3B | $787.8M | — | View 990 |
| 2015 | $979.3M | $982.6M | $1.3B | $696.0M | — | View 990 |
| 2014 | $987.4M | $936.2M | $1.3B | $689.4M | — | View 990 |
| 2013 | $953.4M | $916.7M | $1.2B | $697.5M | — | View 990 |
| 2012 | $702.4M | $679.6M | $1.2B | $753.7M | — | View 990 |
| 2011 | $931.8M | $934.0M | $1.1B | $718.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0B, expenses of $1.9B, and assets of $2.2B (revenue +10.8% year-over-year).
- 2022: Revenue of $1.8B, expenses of $1.7B, and assets of $2.1B (revenue +11.3% year-over-year).
- 2021: Revenue of $1.6B, expenses of $1.6B, and assets of $2.2B (revenue +10.4% year-over-year).
- 2020: Revenue of $1.5B, expenses of $1.5B, and assets of $2.0B (revenue +4.7% year-over-year).
- 2019: Revenue of $1.4B, expenses of $1.3B, and assets of $1.6B (revenue +10.2% year-over-year).
- 2018: Revenue of $1.3B, expenses of $1.2B, and assets of $1.4B (revenue +6.6% year-over-year).
- 2017: Revenue of $1.2B, expenses of $1.2B, and assets of $1.3B (revenue +12.3% year-over-year).
- 2016: Revenue of $1.1B, expenses of $1.1B, and assets of $1.3B (revenue +7.5% year-over-year).
- 2015: Revenue of $979.3M, expenses of $982.6M, and assets of $1.3B (revenue -0.8% year-over-year).
- 2014: Revenue of $987.4M, expenses of $936.2M, and assets of $1.3B (revenue +3.6% year-over-year).
- 2013: Revenue of $953.4M, expenses of $916.7M, and assets of $1.2B (revenue +35.7% year-over-year).
- 2012: Revenue of $702.4M, expenses of $679.6M, and assets of $1.2B (revenue -24.6% year-over-year).
- 2011: Revenue of $931.8M, expenses of $934.0M, and assets of $1.1B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Hitchcock Memorial Hospital:
Data Sources and Methodology
This transparency report for Mary Hitchcock 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.