Memorial Community Hospital Foundation Corporation
Memorial Community Hospital Foundation maintains strong assets and zero officer compensation, consistently spending less than revenue.
EIN: 113660156 · Blair, NE · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $73K |
| Program Spending | 95% |
| Net Assets | $1.5M |
| Transparency Score | 92/100 |
Is Memorial Community Hospital Foundation Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Community Hospital Foundation Corporation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Community Hospital Foundation Corporation
Memorial Community Hospital Foundation Corporation (EIN: 113660156) is a nonprofit organization based in Blair, NE, classified under NTEE code T11. The organization reported total revenue of $102K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Community Hospital Foundation Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Community Hospital Foundation Corporation is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $95K |
| Total Expenses | $73K |
| Surplus / Deficit | +$23K |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | 23.9% |
| Months of Reserves | 249.6 months |
Financial Health Grade: A
In 2023, Memorial Community Hospital Foundation Corporation reported a surplus of $23K with revenue exceeding expenses, holds 249.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Memorial Community Hospital Foundation Corporation's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.8% | -10.9% | +4.6% |
| 2022 | -53.3% | +9.6% | -12.5% |
| 2021 | +207.6% | +322.3% | +9.8% |
| 2020 | -34.8% | +4503.7% | +10.0% |
| 2019 | -42.0% | -99.8% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Memorial Community Hospital Foundation Corporation with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Memorial Community Hospital Foundation Corporation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $23K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the foundation. This is highly commendable and suggests a volunteer-led board or administrative support provided by the affiliated hospital, maximizing funds available for the foundation's 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.
Strengths
The following positive indicators were identified for Memorial Community Hospital Foundation Corporation:
- Consistent 0% officer compensation, indicating strong financial ethics and volunteer leadership.
- Strong and growing asset base ($1,665,402 latest assets vs. $102,001 latest revenue), providing financial stability.
- Expenses consistently managed below revenue in most periods, demonstrating fiscal prudence (e.g., 2023 expenses $72,514 vs. revenue $95,298).
- Low to zero liabilities in most years, indicating a healthy balance sheet.
Frequently Asked Questions about Memorial Community Hospital Foundation Corporation
Is Memorial Community Hospital Foundation Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorial Community Hospital Foundation Corporation (EIN: 113660156) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Memorial Community Hospital Foundation Corporation spend its money?
Memorial Community Hospital Foundation Corporation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Memorial Community Hospital Foundation Corporation tax-deductible?
Memorial Community Hospital Foundation Corporation is registered as a tax-exempt nonprofit (EIN: 113660156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Memorial Community Hospital Foundation Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Memorial Community Hospital Foundation Corporation is above average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memorial Community Hospital Foundation Corporation located?
Memorial Community Hospital Foundation Corporation is headquartered in Blair, Nebraska and files with the IRS under EIN 113660156. It is classified under NTEE code T11.
How many years of IRS 990 filings does Memorial Community Hospital Foundation Corporation have?
Memorial Community Hospital Foundation Corporation 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 $102K in total revenue.
Is Memorial Community Hospital Foundation Corporation a good charity?
Based on the provided data, Memorial Community Hospital Foundation Corporation appears to be a very good charity. It maintains a strong asset base, consistently reports 0% officer compensation, and generally spends less than its annual revenue, indicating sound financial management and a focus on its mission.
How does the foundation manage its expenses relative to its revenue?
The foundation generally manages its expenses well below its revenue. For instance, in 2023, expenses were $72,514 against $95,298 in revenue. This trend of spending less than revenue is common, contributing to its growing asset base.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent upward trend over the years, growing from $1,348,066 in 2015 to $1,665,402 in the latest period, indicating effective financial stewardship and growth.
Filing History
IRS 990 filing history for Memorial Community Hospital Foundation Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memorial Community Hospital Foundation Corporation's revenue has declined by 44.5%, moving from $172K to $95K. Total assets increased by 503.4% over the same period, from $250K to $1.5M. Total functional expenses fell by 81.8%, from $398K to $73K. In its most recent filing year (2023), Memorial Community Hospital Foundation Corporation reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $95K | $73K | $1.5M | $0 | — | — |
| 2022 | $72K | $81K | $1.4M | $50K | — | View 990 |
| 2021 | $154K | $74K | $1.6M | $0 | — | View 990 |
| 2020 | $50K | $18K | $1.5M | $0 | — | — |
| 2019 | $77K | $382 | $1.4M | $0 | — | View 990 |
| 2018 | $132K | $227K | $1.3M | $200K | — | View 990 |
| 2017 | $118K | $268K | $1.6M | $200K | — | View 990 |
| 2016 | $50K | $13K | $1.4M | $0 | — | View 990 |
| 2015 | $32K | $11K | $1.3M | $0 | — | View 990 |
| 2014 | $101K | $72K | $1.4M | $0 | — | View 990 |
| 2013 | $34K | $90K | $1.3M | $0 | — | View 990 |
| 2012 | $1.3M | $194K | $1.4M | $0 | — | View 990 |
| 2011 | $172K | $398K | $250K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $95K, expenses of $73K, and assets of $1.5M (revenue +32.8% year-over-year).
- 2022: Revenue of $72K, expenses of $81K, and assets of $1.4M (revenue -53.3% year-over-year).
- 2021: Revenue of $154K, expenses of $74K, and assets of $1.6M (revenue +207.6% year-over-year).
- 2020: Revenue of $50K, expenses of $18K, and assets of $1.5M (revenue -34.8% year-over-year).
- 2019: Revenue of $77K, expenses of $382, and assets of $1.4M (revenue -42.0% year-over-year).
- 2018: Revenue of $132K, expenses of $227K, and assets of $1.3M (revenue +11.9% year-over-year).
- 2017: Revenue of $118K, expenses of $268K, and assets of $1.6M (revenue +136.3% year-over-year).
- 2016: Revenue of $50K, expenses of $13K, and assets of $1.4M (revenue +56.2% year-over-year).
- 2015: Revenue of $32K, expenses of $11K, and assets of $1.3M (revenue -68.2% year-over-year).
- 2014: Revenue of $101K, expenses of $72K, and assets of $1.4M (revenue +198.4% year-over-year).
- 2013: Revenue of $34K, expenses of $90K, and assets of $1.3M (revenue -97.4% year-over-year).
- 2012: Revenue of $1.3M, expenses of $194K, and assets of $1.4M (revenue +666.5% year-over-year).
- 2011: Revenue of $172K, expenses of $398K, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Community Hospital Foundation Corporation:
Data Sources and Methodology
This transparency report for Memorial Community Hospital Foundation Corporation 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.