Mary Imogene Bassett Hospital
Mary Imogene Bassett Hospital reports recurring operational deficits despite growing revenue and assets.
EIN: 135596796 · Cooperstown, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $790.7M |
| Total Expenses | $733.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $790,743,108 |
| Net Assets | $170.8M |
| Transparency Score | 75/100 |
Is Mary Imogene Bassett Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mary Imogene Bassett Hospital directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mary Imogene Bassett Hospital
Mary Imogene Bassett Hospital (EIN: 135596796) is a nonprofit organization based in Cooperstown, NY, classified under NTEE code E220. The organization reported total revenue of $790.7M and total assets of $430.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Imogene Bassett Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Imogene Bassett 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 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $694.5M |
| Total Expenses | $733.1M |
| Surplus / Deficit | $-38,636,510 |
| Total Assets | $411.2M |
| Total Liabilities | $240.4M |
| Net Assets | $170.8M |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 58.5% |
| Months of Reserves | 6.7 months |
Financial Health Grade: C
In 2023, Mary Imogene Bassett Hospital reported a deficit of $38.6M with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 58.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mary Imogene Bassett Hospital's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | +3.8% | +11.3% |
| 2022 | -1.8% | +8.8% | -22.0% |
| 2021 | +7.0% | +5.3% | -1.1% |
| 2020 | +1.1% | +2.0% | +16.7% |
| 2019 | +7.1% | +7.2% | +1.1% |
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 Imogene Bassett Hospital 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Mary Imogene Bassett Hospital allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $38.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.5%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization of this size ($790,743,108 latest revenue). This suggests executive compensation may be reported by a related entity or not itemized in this specific section, making direct analysis of executive pay relative to organizational size difficult without additional information.
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 Imogene Bassett Hospital's IRS 990 filings:
- Recurring operational deficits: Expenses exceeded revenue in 202312, 202212, and 202012, which could impact long-term financial health if not addressed.
- Unclear executive compensation reporting: Consistent 0% officer compensation reported across all filings makes it difficult to assess executive pay transparency and reasonableness.
Strengths
The following positive indicators were identified for Mary Imogene Bassett Hospital:
- Significant revenue growth: Revenue has grown substantially from $486 million in 2014 to nearly $694 million in 2023, indicating strong operational activity.
- Stable asset base: Assets have generally increased over the decade, reaching $411 million in 202312, providing a solid foundation.
- Consistent service delivery: As a hospital, its primary function is program delivery, and the large expense figures reflect extensive healthcare services provided to the community.
Frequently Asked Questions about Mary Imogene Bassett Hospital
Is Mary Imogene Bassett Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Mary Imogene Bassett Hospital (EIN: 135596796) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Mary Imogene Bassett Hospital spend its money?
Mary Imogene Bassett Hospital directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mary Imogene Bassett Hospital tax-deductible?
Mary Imogene Bassett Hospital is registered as a tax-exempt nonprofit (EIN: 135596796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mary Imogene Bassett Hospital CEO make?
Mary Imogene Bassett Hospital's highest-compensated officer earns $790,743,108 annually. The organization reported $790.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mary Imogene Bassett Hospital's spending goes to programs?
Mary Imogene Bassett Hospital directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mary Imogene Bassett Hospital compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mary Imogene Bassett 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 Imogene Bassett Hospital located?
Mary Imogene Bassett Hospital is headquartered in Cooperstown, New York and files with the IRS under EIN 135596796. It is classified under NTEE code E220.
How many years of IRS 990 filings does Mary Imogene Bassett Hospital have?
Mary Imogene Bassett 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 $790.7M in total revenue.
Is Mary Imogene Bassett Hospital a good charity?
As a hospital (NTEE E220), its primary mission is service delivery rather than traditional 'charity' in the fundraising sense. Its financial stability, evidenced by growing assets and substantial revenue, suggests it is capable of fulfilling its healthcare mission. However, recurring operational deficits in recent years (e.g., $38.6 million in 202312) warrant attention regarding long-term sustainability.
Why does officer compensation consistently show 0%?
The consistent reporting of 0% for officer compensation across all available filings is atypical for an organization of this scale. This could indicate that executive compensation is paid by a related entity within a larger health system, or it is not itemized in the specific section of the 990 that was analyzed for this data point.
What is the trend in the hospital's financial performance?
The hospital has experienced significant revenue growth, from $486,209,729 in 201412 to $694,471,179 in 202312. However, expenses have often outpaced revenue, leading to operational deficits in several recent years, including 202312 ($38.6 million deficit) and 202212 ($64.5 million deficit). Assets have generally increased over the decade, indicating overall financial stability despite these annual operating fluctuations.
Filing History
IRS 990 filing history for Mary Imogene Bassett Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mary Imogene Bassett Hospital's revenue has grown by 68.4%, moving from $412.5M to $694.5M. Total assets increased by 19.8% over the same period, from $343.2M to $411.2M. Total functional expenses rose by 76.6%, from $415.1M to $733.1M. In its most recent filing year (2023), Mary Imogene Bassett Hospital reported a deficit of $38.6M, with expenses exceeding revenue. The organization holds $240.4M in liabilities against $411.2M in assets (debt-to-asset ratio: 58.5%), resulting in net assets of $170.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $694.5M | $733.1M | $411.2M | $240.4M | — | View 990 |
| 2022 | $641.9M | $706.4M | $369.6M | $167.2M | — | View 990 |
| 2021 | $653.7M | $649.1M | $473.8M | $189.1M | — | View 990 |
| 2020 | $610.9M | $616.2M | $479.2M | $215.8M | — | View 990 |
| 2019 | $604.1M | $603.9M | $410.5M | $145.0M | — | View 990 |
| 2018 | $564.1M | $563.5M | $406.1M | $148.7M | — | View 990 |
| 2017 | $547.2M | $543.1M | $425.6M | $152.4M | — | View 990 |
| 2016 | $537.5M | $527.7M | $408.5M | $137.5M | — | View 990 |
| 2015 | $501.4M | $499.8M | $394.9M | $143.7M | — | View 990 |
| 2014 | $486.2M | $468.1M | $388.6M | $128.0M | — | View 990 |
| 2013 | $451.2M | $444.0M | $381.8M | $118.5M | — | View 990 |
| 2012 | $429.7M | $427.4M | $357.2M | $124.2M | — | View 990 |
| 2011 | $412.5M | $415.1M | $343.2M | $122.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $694.5M, expenses of $733.1M, and assets of $411.2M (revenue +8.2% year-over-year).
- 2022: Revenue of $641.9M, expenses of $706.4M, and assets of $369.6M (revenue -1.8% year-over-year).
- 2021: Revenue of $653.7M, expenses of $649.1M, and assets of $473.8M (revenue +7.0% year-over-year).
- 2020: Revenue of $610.9M, expenses of $616.2M, and assets of $479.2M (revenue +1.1% year-over-year).
- 2019: Revenue of $604.1M, expenses of $603.9M, and assets of $410.5M (revenue +7.1% year-over-year).
- 2018: Revenue of $564.1M, expenses of $563.5M, and assets of $406.1M (revenue +3.1% year-over-year).
- 2017: Revenue of $547.2M, expenses of $543.1M, and assets of $425.6M (revenue +1.8% year-over-year).
- 2016: Revenue of $537.5M, expenses of $527.7M, and assets of $408.5M (revenue +7.2% year-over-year).
- 2015: Revenue of $501.4M, expenses of $499.8M, and assets of $394.9M (revenue +3.1% year-over-year).
- 2014: Revenue of $486.2M, expenses of $468.1M, and assets of $388.6M (revenue +7.8% year-over-year).
- 2013: Revenue of $451.2M, expenses of $444.0M, and assets of $381.8M (revenue +5.0% year-over-year).
- 2012: Revenue of $429.7M, expenses of $427.4M, and assets of $357.2M (revenue +4.2% year-over-year).
- 2011: Revenue of $412.5M, expenses of $415.1M, and assets of $343.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Imogene Bassett Hospital:
Data Sources and Methodology
This transparency report for Mary Imogene Bassett 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.