Memorial Hospital Albany Ny
Memorial Hospital Albany NY's latest filing shows a sharp revenue decline and zero assets, raising questions about its operational status.
EIN: 141338457 · Albany, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $44.7M |
| Total Expenses | $96.3M |
| Program Spending | 85% |
| Net Assets | $33.6M |
| Transparency Score | 40/100 |
Is Memorial Hospital Albany Ny Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Hospital Albany Ny directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Hospital Albany Ny
Memorial Hospital Albany Ny (EIN: 141338457) is a nonprofit organization based in Albany, NY, classified under NTEE code E220. The organization reported total revenue of $44.7M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Hospital Albany Ny's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Hospital Albany Ny is a large nonprofit that has been operating for 90 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $104.7M |
| Total Expenses | $96.3M |
| Surplus / Deficit | +$8.4M |
| Total Assets | $57.7M |
| Total Liabilities | $24.1M |
| Net Assets | $33.6M |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 41.8% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2018, Memorial Hospital Albany Ny reported a surplus of $8.4M with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 41.8% (moderate leverage).
Financial Trends
Over 8 years of filings (2011–2018), Memorial Hospital Albany Ny's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +1.7% | -0.7% | +4.8% |
| 2017 | +6.1% | -0.6% | +21.9% |
| 2016 | -3.0% | +2.1% | -27.5% |
| 2015 | +11.2% | +9.9% | -4.8% |
| 2014 | +109.2% | +104.3% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1936 |
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 Albany Ny with a Mission Score of 40 out of 100 (Fair). 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, Memorial Hospital Albany Ny 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.8%.
Executive Compensation Analysis
Across all available IRS 990 filings, Memorial Hospital Albany NY consistently reported 0% officer compensation, which is unusual for an organization of its historical size and revenue, suggesting either a fully volunteer executive team or compensation is reported in a non-standard manner.
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 Albany Ny's IRS 990 filings:
- Latest filing shows a dramatic revenue decrease from over $100 million to $44.7 million.
- Zero assets reported in the latest filing, a significant departure from historical asset levels.
- Consistent 0% officer compensation across all filings, which is unusual for an organization of this scale.
- Lack of detailed spending breakdown in the provided data prevents a thorough efficiency analysis.
Strengths
The following positive indicators were identified for Memorial Hospital Albany Ny:
- Historically, the organization maintained positive net assets, indicating financial stability over many years (e.g., $57.7M assets vs. $24.1M liabilities in 2018).
- Prior to the latest filing, expenses were generally managed below revenue, indicating operational surpluses (e.g., $104.7M revenue vs. $96.3M expenses in 2018).
Frequently Asked Questions about Memorial Hospital Albany Ny
Is Memorial Hospital Albany Ny a legitimate charity?
Memorial Hospital Albany Ny (EIN: 141338457) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 40/100. It has 8 years of IRS 990 filings on record. Total revenue: $44.7M. 4 red flags identified. 2 strengths noted. Financial health grade: A.
How does Memorial Hospital Albany Ny spend its money?
Memorial Hospital Albany Ny directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Memorial Hospital Albany Ny tax-deductible?
Memorial Hospital Albany Ny is registered as a tax-exempt nonprofit (EIN: 141338457). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Memorial Hospital Albany Ny's spending goes to programs?
Memorial Hospital Albany Ny directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memorial Hospital Albany Ny compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Memorial Hospital Albany Ny is near 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 Albany Ny located?
Memorial Hospital Albany Ny is headquartered in Albany, New York and files with the IRS under EIN 141338457. It is classified under NTEE code E220.
How many years of IRS 990 filings does Memorial Hospital Albany Ny have?
Memorial Hospital Albany Ny has 8 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 $44.7M in total revenue.
What caused the drastic drop in revenue from over $100 million to $44.7 million in the latest filing?
The provided data does not specify the reason for the significant revenue decline, but it is a critical question for understanding the organization's current financial health.
Why are zero assets reported in the latest filing, given historical asset levels between $45 million and $65 million?
The sudden disappearance of assets is highly unusual and could indicate a sale, merger, or cessation of operations, which is not clarified by the provided data.
Is Memorial Hospital Albany NY still operational as a healthcare provider?
The latest financial data, particularly the zero assets and reduced revenue, strongly suggests a significant change in operational status, potentially indicating it is no longer fully operational in its previous capacity.
How does the organization fund its executive leadership if officer compensation is consistently reported as 0%?
This consistent reporting of 0% officer compensation across all filings warrants further investigation to understand the compensation structure for its leadership.
Filing History
IRS 990 filing history for Memorial Hospital Albany Ny showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Memorial Hospital Albany Ny's revenue has grown by 15.7%, moving from $90.5M to $104.7M. Total assets decreased by 7.3% over the same period, from $62.2M to $57.7M. Total functional expenses rose by 9.5%, from $87.9M to $96.3M. In its most recent filing year (2018), Memorial Hospital Albany Ny reported a surplus of $8.4M, with revenue exceeding expenses. The organization holds $24.1M in liabilities against $57.7M in assets (debt-to-asset ratio: 41.8%), resulting in net assets of $33.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $104.7M | $96.3M | $57.7M | $24.1M | — | View 990 |
| 2017 | $103.0M | $97.0M | $55.1M | $21.4M | — | View 990 |
| 2016 | $97.1M | $97.6M | $45.2M | $15.3M | — | View 990 |
| 2015 | $100.1M | $95.6M | $62.3M | $14.6M | — | View 990 |
| 2014 | $90.0M | $87.0M | $65.5M | $20.3M | — | View 990 |
| 2013 | $43.0M | $42.6M | $62.9M | $22.6M | — | View 990 |
| 2012 | $86.5M | $83.9M | $61.0M | $21.6M | — | View 990 |
| 2011 | $90.5M | $87.9M | $62.2M | $24.9M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $104.7M, expenses of $96.3M, and assets of $57.7M (revenue +1.7% year-over-year).
- 2017: Revenue of $103.0M, expenses of $97.0M, and assets of $55.1M (revenue +6.1% year-over-year).
- 2016: Revenue of $97.1M, expenses of $97.6M, and assets of $45.2M (revenue -3.0% year-over-year).
- 2015: Revenue of $100.1M, expenses of $95.6M, and assets of $62.3M (revenue +11.2% year-over-year).
- 2014: Revenue of $90.0M, expenses of $87.0M, and assets of $65.5M (revenue +109.2% year-over-year).
- 2013: Revenue of $43.0M, expenses of $42.6M, and assets of $62.9M (revenue -50.2% year-over-year).
- 2012: Revenue of $86.5M, expenses of $83.9M, and assets of $61.0M (revenue -4.5% year-over-year).
- 2011: Revenue of $90.5M, expenses of $87.9M, and assets of $62.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Hospital Albany Ny:
Data Sources and Methodology
This transparency report for Memorial Hospital Albany Ny 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.