Memorial Hospital
Memorial Hospital shows consistent revenue growth and high program spending, with unclear executive compensation reporting.
EIN: 20222156 · North Conway, NH · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $147.1M |
| Total Expenses | $105.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $76.7M |
| Transparency Score | 85/100 |
Is Memorial Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Hospital directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Hospital
Memorial Hospital (EIN: 20222156) is a nonprofit organization based in North Conway, NH, classified under NTEE code E220. The organization reported total revenue of $147.1M and total assets of $134.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Hospital is a major nonprofit that has been operating for 83 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $113.5M |
| Total Expenses | $105.3M |
| Surplus / Deficit | +$8.2M |
| Total Assets | $127.1M |
| Total Liabilities | $50.4M |
| Net Assets | $76.7M |
| Operating Margin | 7.2% |
| Debt-to-Asset Ratio | 39.7% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2023, Memorial Hospital reported a surplus of $8.2M with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 39.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Memorial Hospital's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | +9.7% | +8.3% |
| 2022 | +14.6% | +14.3% | -3.2% |
| 2021 | +21.5% | +11.9% | +16.1% |
| 2020 | +1.4% | +0.5% | +14.6% |
| 2019 | -1.3% | +1.1% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Memorial 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 surplus of $8.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization of Memorial Hospital's size with over $100 million in annual revenue. This lack of direct reporting within these filings makes it difficult to assess executive compensation relative to the organization's scale and financial health.
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 Hospital's IRS 990 filings:
- Consistent 0% officer compensation reported across all 990 filings, lacking transparency on executive pay.
Strengths
The following positive indicators were identified for Memorial Hospital:
- Consistent and significant revenue growth, from $14.6M in 2014 to $113.5M in 2023.
- High proportion of expenses dedicated to program services (estimated 90%), indicating strong mission focus.
- Healthy asset growth, from $76.3M in 2014 to $127.1M in 2023, suggesting financial stability.
- Positive net income in most years, indicating sustainable operations (e.g., $8.2M in 2023).
Frequently Asked Questions about Memorial Hospital
Is Memorial Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorial Hospital (EIN: 20222156) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Memorial Hospital spend its money?
Memorial Hospital directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Memorial Hospital tax-deductible?
Memorial Hospital is registered as a tax-exempt nonprofit (EIN: 20222156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Memorial Hospital CEO make?
Memorial Hospital's highest-compensated officer earns $100 annually. The organization reported $147.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Memorial Hospital's spending goes to programs?
Memorial Hospital directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memorial Hospital compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), 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 Memorial Hospital located?
Memorial Hospital is headquartered in North Conway, New Hampshire and files with the IRS under EIN 20222156. It is classified under NTEE code E220.
How many years of IRS 990 filings does Memorial Hospital have?
Memorial Hospital 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 $147.1M in total revenue.
Is Memorial Hospital a good charity?
Based on its financial filings, Memorial Hospital appears to be a good charity. It demonstrates strong financial health with consistent revenue growth (from $14.6M in 2014 to $113.5M in 2023) and a high percentage of expenses dedicated to program services (estimated 90%). The primary area for improvement in transparency is the reporting of executive compensation.
How has Memorial Hospital's financial health changed over time?
Memorial Hospital has shown significant financial growth and improved health over the past decade. Revenue increased from $14,632,863 in 2014 to $113,533,022 in 2023, and assets grew from $76,343,539 to $127,146,321 in the same period. This indicates strong operational performance and asset accumulation.
What is Memorial Hospital's program spending efficiency?
Memorial Hospital exhibits high program spending efficiency, with an estimated 90% of its total expenses allocated to program services. For example, in 2023, with total expenses of $105,333,975, approximately $94.8 million would have gone directly to programs, indicating a strong focus on its mission.
Filing History
IRS 990 filing history for Memorial Hospital showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Memorial Hospital's revenue has grown by 69%, moving from $67.2M to $113.5M. Total assets increased by 85.3% over the same period, from $68.6M to $127.1M. Total functional expenses rose by 65.8%, from $63.5M to $105.3M. In its most recent filing year (2023), Memorial Hospital reported a surplus of $8.2M, with revenue exceeding expenses. The organization holds $50.4M in liabilities against $127.1M in assets (debt-to-asset ratio: 39.7%), resulting in net assets of $76.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $113.5M | $105.3M | $127.1M | $50.4M | — | — |
| 2022 | $105.8M | $96.0M | $117.4M | $50.3M | — | View 990 |
| 2021 | $92.3M | $84.0M | $121.3M | $59.8M | — | View 990 |
| 2020 | $75.9M | $75.1M | $104.5M | $54.1M | — | — |
| 2019 | $74.9M | $74.7M | $91.2M | $45.7M | — | View 990 |
| 2018 | $75.8M | $73.9M | $87.3M | $42.4M | — | View 990 |
| 2017 | $73.0M | $70.9M | $79.8M | $36.8M | — | View 990 |
| 2016 | $68.6M | $69.5M | $76.5M | $36.4M | — | View 990 |
| 2015 | $67.4M | $65.5M | $77.7M | $36.7M | — | View 990 |
| 2014 | $14.6M | $15.8M | $76.3M | $34.9M | — | View 990 |
| 2014 | $63.4M | $63.9M | $66.7M | $24.9M | — | View 990 |
| 2013 | $63.2M | $61.6M | $74.1M | $25.1M | — | View 990 |
| 2012 | $70.2M | $68.1M | $71.8M | $25.2M | — | View 990 |
| 2011 | $67.2M | $63.5M | $68.6M | $23.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $113.5M, expenses of $105.3M, and assets of $127.1M (revenue +7.4% year-over-year).
- 2022: Revenue of $105.8M, expenses of $96.0M, and assets of $117.4M (revenue +14.6% year-over-year).
- 2021: Revenue of $92.3M, expenses of $84.0M, and assets of $121.3M (revenue +21.5% year-over-year).
- 2020: Revenue of $75.9M, expenses of $75.1M, and assets of $104.5M (revenue +1.4% year-over-year).
- 2019: Revenue of $74.9M, expenses of $74.7M, and assets of $91.2M (revenue -1.3% year-over-year).
- 2018: Revenue of $75.8M, expenses of $73.9M, and assets of $87.3M (revenue +3.9% year-over-year).
- 2017: Revenue of $73.0M, expenses of $70.9M, and assets of $79.8M (revenue +6.5% year-over-year).
- 2016: Revenue of $68.6M, expenses of $69.5M, and assets of $76.5M (revenue +1.8% year-over-year).
- 2015: Revenue of $67.4M, expenses of $65.5M, and assets of $77.7M (revenue +360.4% year-over-year).
- 2014: Revenue of $14.6M, expenses of $15.8M, and assets of $76.3M (revenue -76.9% year-over-year).
- 2014: Revenue of $63.4M, expenses of $63.9M, and assets of $66.7M (revenue +0.4% year-over-year).
- 2013: Revenue of $63.2M, expenses of $61.6M, and assets of $74.1M (revenue -10.1% year-over-year).
- 2012: Revenue of $70.2M, expenses of $68.1M, and assets of $71.8M (revenue +4.6% year-over-year).
- 2011: Revenue of $67.2M, expenses of $63.5M, and assets of $68.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Hospital:
Data Sources and Methodology
This transparency report for 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.