Memorial Health Fund
Memorial Health Fund: Strong Asset Base, Inconsistent Revenue
EIN: 222546051 · York, PA · NTEE: E11 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $942K |
| Total Expenses | $1.1M |
| Program Spending | 70% |
| Net Assets | $22.6M |
| Transparency Score | 75/100 |
Is Memorial Health Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Health Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Memorial Health Fund
Memorial Health Fund (EIN: 222546051) is a nonprofit organization based in York, PA, classified under NTEE code E11. The organization reported total revenue of $942K and total assets of $23.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Health Fund is a small nonprofit that has been operating for 10 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-46,681 |
| Total Assets | $23.2M |
| Total Liabilities | $611K |
| Net Assets | $22.6M |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 259.3 months |
Financial Health Grade: B
In 2023, Memorial Health Fund reported a deficit of $47K with expenses exceeding revenue, holds 259.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Memorial Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.5% | +7.4% | +8.4% |
| 2022 | -47.1% | +18.6% | -14.8% |
| 2021 | +228.0% | +12.7% | +12.7% |
| 2020 | -37.2% | -54.5% | +4.4% |
| 2019 | +0.7% | +317.1% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Health Fund 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Memorial Health Fund allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.6%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives are included in the financial filings.
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 Memorial Health Fund's IRS 990 filings:
- Revenue has been highly inconsistent year-over-year, ranging from $294,288 in 2020 to $1,215,150 in 2017, making future financial planning potentially challenging.
- Expenses have exceeded revenue in multiple years (e.g., 2022: revenue $510,767 vs. expenses $1,001,756; 2019: revenue $468,248 vs. expenses $1,647,632), indicating reliance on prior assets or other funding sources.
Strengths
The following positive indicators were identified for Memorial Health Fund:
- Maintains a substantial asset base, with total assets consistently above $18 million and reaching $23,926,132 in 2023, providing financial stability.
- Low liabilities relative to assets, with liabilities generally under $1 million, suggesting good financial health and limited debt burden.
- Consistent presence and operations since at least 2016, indicating organizational longevity.
Frequently Asked Questions about Memorial Health Fund
Is Memorial Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorial Health Fund (EIN: 222546051) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Memorial Health Fund spend its money?
Memorial Health Fund directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Memorial Health Fund tax-deductible?
Memorial Health Fund is registered as a tax-exempt nonprofit (EIN: 222546051). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Memorial Health Fund's spending goes to programs?
Memorial Health Fund directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Memorial Health Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Memorial Health Fund is above average for NTEE category E11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memorial Health Fund located?
Memorial Health Fund is headquartered in York, Pennsylvania and files with the IRS under EIN 222546051. It is classified under NTEE code E11.
How many years of IRS 990 filings does Memorial Health Fund have?
Memorial Health Fund has 14 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 $942K in total revenue.
What does Memorial Health Fund do?
Memorial Health Fund is a nonprofit organization in the Health Care sector, located in York, Pennsylvania. It is classified under NTEE code E11.
How much revenue does Memorial Health Fund have?
Memorial Health Fund reported total revenue of $941,522. Based on 14 IRS 990 filings on record.
What are Memorial Health Fund's total assets?
Memorial Health Fund holds total assets of $23,926,132 as reported in IRS 990 filings.
Where is Memorial Health Fund located?
Memorial Health Fund is based in York, Pennsylvania.
What is Memorial Health Fund's EIN?
Memorial Health Fund's Employer Identification Number (EIN) is 222546051. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Memorial Health Fund?
Memorial Health Fund is classified under NTEE code E11 (Health Care).
Is Memorial Health Fund a registered 501(c)(3)?
Yes, Memorial Health Fund is recognized as a tax-exempt organization by the IRS. EIN: 222546051.
Does Memorial Health Fund file IRS Form 990?
Yes, Memorial Health Fund has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Memorial Health Fund's revenue in 2023?
In the 202312 filing period, Memorial Health Fund reported total revenue of $1,028,983, total expenses of $1,075,664, and net assets of $23,246,568.
Is Memorial Health Fund's revenue growing or declining?
Memorial Health Fund's revenue is growing. Revenue went from $510,767 (202212) to $1,028,983 (202312), a +101.5% change. Based on 14 filings on record.
What is Memorial Health Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Memorial Health Fund covers tax period 202312. It shows revenue of $1,028,983, expenses of $1,075,664, total assets of $23,246,568, and liabilities of $611,480.
How much does Memorial Health Fund spend on programs vs administration?
Based on IRS 990 analysis, Memorial Health Fund allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Memorial Health Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Memorial Health Fund appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Memorial Health Fund?
The following concerns were identified: Revenue has been highly inconsistent year-over-year, ranging from $294,288 in 2020 to $1,215,150 in 2017, making future financial planning potentially challenging.. Expenses have exceeded revenue in multiple years (e.g., 2022: revenue $510,767 vs. expenses $1,001,756; 2019: revenue $468,248 vs. expenses $1,647,632), indicating reliance on prior assets or other funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Memorial Health Fund's strengths?
Positive indicators for Memorial Health Fund include: Maintains a substantial asset base, with total assets consistently above $18 million and reaching $23,926,132 in 2023, providing financial stability.. Low liabilities relative to assets, with liabilities generally under $1 million, suggesting good financial health and limited debt burden.. Consistent presence and operations since at least 2016, indicating organizational longevity.. These findings are derived from AI analysis of the organization's financial filings.
How does Memorial Health Fund compensate executives?
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives are included in the financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Memorial Health Fund?
- Financial statements are publicly available through IRS Form 990 filings. - No specific program outcome reports or impact metrics are readily found in the provided data. - The organization's website or annual reports would be necessary for a full transparency assessment beyond financial data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Memorial Health Fund sustain its operations and asset growth despite several years where expenses significantly outpaced revenue?
The organization likely relies on its substantial existing asset base and investment income to cover operational deficits in years where revenue is low. The consistent growth in total assets, even with revenue fluctuations, suggests effective asset management or significant non-operating income sources not detailed in the provided revenue figures.
What specific programs or initiatives does Memorial Health Fund support, given its 'Health Fund' designation and significant asset base?
The provided data does not specify the exact programs or initiatives. To understand this, one would need to review the organization's Form 990, specifically Schedule O, or its official website and annual reports, which typically detail program service accomplishments and beneficiaries.
Filing History
IRS 990 filing history for Memorial Health Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Memorial Health Fund's revenue has grown by 660.6%, moving from $135K to $1.0M. Total assets increased by 24.8% over the same period, from $18.6M to $23.2M. Total functional expenses rose by 238.9%, from $317K to $1.1M. In its most recent filing year (2023), Memorial Health Fund reported a deficit of $47K, with expenses exceeding revenue. The organization holds $611K in liabilities against $23.2M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $22.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $23.2M | $611K | — | — |
| 2022 | $511K | $1.0M | $21.4M | $350K | — | View 990 |
| 2021 | $965K | $844K | $25.2M | $450K | — | View 990 |
| 2020 | $294K | $749K | $22.3M | $651K | — | View 990 |
| 2019 | $468K | $1.6M | $21.4M | $812K | — | View 990 |
| 2018 | $465K | $395K | $18.9M | $182K | — | View 990 |
| 2017 | $1.2M | $864K | $20.8M | $386K | — | View 990 |
| 2016 | $933K | $739K | $18.6M | $125K | — | View 990 |
| 2015 | $668K | $86K | $18.0M | $66K | — | View 990 |
| 2015 | $190K | $229K | $19.0M | $67K | — | View 990 |
| 2014 | $294K | $669K | $17.8M | $5.6M | — | View 990 |
| 2013 | $3.2M | $215K | $15.6M | $5.8M | — | View 990 |
| 2012 | $185K | $375K | $21.9M | $15.5M | — | View 990 |
| 2011 | $135K | $317K | $18.6M | $11.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $23.2M (revenue +101.5% year-over-year).
- 2022: Revenue of $511K, expenses of $1.0M, and assets of $21.4M (revenue -47.1% year-over-year).
- 2021: Revenue of $965K, expenses of $844K, and assets of $25.2M (revenue +228.0% year-over-year).
- 2020: Revenue of $294K, expenses of $749K, and assets of $22.3M (revenue -37.2% year-over-year).
- 2019: Revenue of $468K, expenses of $1.6M, and assets of $21.4M (revenue +0.7% year-over-year).
- 2018: Revenue of $465K, expenses of $395K, and assets of $18.9M (revenue -61.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $864K, and assets of $20.8M (revenue +30.2% year-over-year).
- 2016: Revenue of $933K, expenses of $739K, and assets of $18.6M (revenue +39.7% year-over-year).
- 2015: Revenue of $668K, expenses of $86K, and assets of $18.0M (revenue +252.5% year-over-year).
- 2015: Revenue of $190K, expenses of $229K, and assets of $19.0M (revenue -35.4% year-over-year).
- 2014: Revenue of $294K, expenses of $669K, and assets of $17.8M (revenue -90.8% year-over-year).
- 2013: Revenue of $3.2M, expenses of $215K, and assets of $15.6M (revenue +1622.3% year-over-year).
- 2012: Revenue of $185K, expenses of $375K, and assets of $21.9M (revenue +37.1% year-over-year).
- 2011: Revenue of $135K, expenses of $317K, and assets of $18.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Health Fund:
Data Sources and Methodology
This transparency report for Memorial Health Fund 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.