Memorial Hospital Of William F And Gertrude F Jones Inc
Memorial Hospital: Strong Financial Growth, but Transparency Lags
EIN: 222807681 · Wellsville, NY · NTEE: E22 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $85.4M |
| Total Expenses | $74.1M |
| Program Spending | 80% |
| Net Assets | $43.6M |
| Transparency Score | 75/100 |
Is Memorial Hospital Of William F And Gertrude F Jones Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Hospital Of William F And Gertrude F Jones Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Hospital Of William F And Gertrude F Jones Inc
Memorial Hospital Of William F And Gertrude F Jones Inc (EIN: 222807681) is a nonprofit organization based in Wellsville, NY, classified under NTEE code E22. The organization reported total revenue of $85.4M and total assets of $96.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Hospital Of William F And Gertrude F Jones Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Hospital Of William F And Gertrude F Jones Inc is a major nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $78.1M |
| Total Expenses | $74.1M |
| Surplus / Deficit | +$4.0M |
| Total Assets | $72.5M |
| Total Liabilities | $28.9M |
| Net Assets | $43.6M |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 39.9% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2023, Memorial Hospital Of William F And Gertrude F Jones Inc reported a surplus of $4.0M with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 39.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Memorial Hospital Of William F And Gertrude F Jones Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.8% | +21.6% | +21.8% |
| 2022 | -3.6% | +13.4% | +7.5% |
| 2021 | +28.0% | +18.1% | +12.3% |
| 2020 | +105.8% | +104.9% | +67.6% |
| 2019 | -48.6% | -46.8% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Of William F And Gertrude F Jones Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Memorial Hospital Of William F And Gertrude F Jones Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $4.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.9%.
Executive Compensation Analysis
Executive compensation cannot be assessed due to a lack of specific data in the provided 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 Hospital Of William F And Gertrude F Jones Inc's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses.
- Absence of specific executive compensation figures.
- Limited public access to full audited financial statements.
Strengths
The following positive indicators were identified for Memorial Hospital Of William F And Gertrude F Jones Inc:
- Significant revenue growth from $24,448,704 in 2019 to $85,425,818 in 2023.
- Consistent positive net assets, indicating financial stability.
- Strong asset base of $96,754,018 in 2023.
Frequently Asked Questions about Memorial Hospital Of William F And Gertrude F Jones Inc
Is Memorial Hospital Of William F And Gertrude F Jones Inc a legitimate charity?
Memorial Hospital Of William F And Gertrude F Jones Inc (EIN: 222807681) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $85.4M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Memorial Hospital Of William F And Gertrude F Jones Inc spend its money?
Memorial Hospital Of William F And Gertrude F Jones Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Memorial Hospital Of William F And Gertrude F Jones Inc tax-deductible?
Memorial Hospital Of William F And Gertrude F Jones Inc is registered as a tax-exempt nonprofit (EIN: 222807681). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Memorial Hospital Of William F And Gertrude F Jones Inc's spending goes to programs?
Memorial Hospital Of William F And Gertrude F Jones Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memorial Hospital Of William F And Gertrude F Jones Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Memorial Hospital Of William F And Gertrude F Jones Inc is above average for NTEE category E22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memorial Hospital Of William F And Gertrude F Jones Inc located?
Memorial Hospital Of William F And Gertrude F Jones Inc is headquartered in Wellsville, New York and files with the IRS under EIN 222807681. It is classified under NTEE code E22.
How many years of IRS 990 filings does Memorial Hospital Of William F And Gertrude F Jones Inc have?
Memorial Hospital Of William F And Gertrude F Jones Inc 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 $85.4M in total revenue.
What does Memorial Hospital Of William F And Gertrude F Jones Inc do?
Memorial Hospital Of William F And Gertrude F Jones Inc is a nonprofit organization in the Health Care sector, located in Wellsville, New York. It is classified under NTEE code E22.
How much revenue does Memorial Hospital Of William F And Gertrude F Jones Inc have?
Memorial Hospital Of William F And Gertrude F Jones Inc reported total revenue of $85,425,818. Based on 13 IRS 990 filings on record.
What are Memorial Hospital Of William F And Gertrude F Jones Inc's total assets?
Memorial Hospital Of William F And Gertrude F Jones Inc holds total assets of $96,754,018 as reported in IRS 990 filings.
Where is Memorial Hospital Of William F And Gertrude F Jones Inc located?
Memorial Hospital Of William F And Gertrude F Jones Inc is based in Wellsville, New York.
What is Memorial Hospital Of William F And Gertrude F Jones Inc's EIN?
Memorial Hospital Of William F And Gertrude F Jones Inc's Employer Identification Number (EIN) is 222807681. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Memorial Hospital Of William F And Gertrude F Jones Inc?
Memorial Hospital Of William F And Gertrude F Jones Inc is classified under NTEE code E22 (Health Care).
Is Memorial Hospital Of William F And Gertrude F Jones Inc a registered 501(c)(3)?
Yes, Memorial Hospital Of William F And Gertrude F Jones Inc is recognized as a tax-exempt organization by the IRS. EIN: 222807681.
Does Memorial Hospital Of William F And Gertrude F Jones Inc file IRS Form 990?
Yes, Memorial Hospital Of William F And Gertrude F Jones Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Memorial Hospital Of William F And Gertrude F Jones Inc's revenue in 2023?
In the 202306 filing period, Memorial Hospital Of William F And Gertrude F Jones Inc reported total revenue of $78,117,523, total expenses of $74,067,556, and net assets of $72,495,461.
Is Memorial Hospital Of William F And Gertrude F Jones Inc's revenue growing or declining?
Memorial Hospital Of William F And Gertrude F Jones Inc's revenue is growing. Revenue went from $62,105,918 (202206) to $78,117,523 (202306), a +25.8% change. Based on 13 filings on record.
What is Memorial Hospital Of William F And Gertrude F Jones Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Memorial Hospital Of William F And Gertrude F Jones Inc covers tax period 202306. It shows revenue of $78,117,523, expenses of $74,067,556, total assets of $72,495,461, and liabilities of $28,936,099.
How much does Memorial Hospital Of William F And Gertrude F Jones Inc spend on programs vs administration?
Based on IRS 990 analysis, Memorial Hospital Of William F And Gertrude F Jones Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Memorial Hospital Of William F And Gertrude F Jones Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Memorial Hospital Of William F And Gertrude F Jones Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Memorial Hospital Of William F And Gertrude F Jones Inc?
The following concerns were identified: Lack of detailed breakdown for program, administrative, and fundraising expenses.. Absence of specific executive compensation figures.. Limited public access to full audited financial statements.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Memorial Hospital Of William F And Gertrude F Jones Inc's strengths?
Positive indicators for Memorial Hospital Of William F And Gertrude F Jones Inc include: Significant revenue growth from $24,448,704 in 2019 to $85,425,818 in 2023.. Consistent positive net assets, indicating financial stability.. Strong asset base of $96,754,018 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Memorial Hospital Of William F And Gertrude F Jones Inc compensate executives?
Executive compensation cannot be assessed due to a lack of specific data in the provided filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Memorial Hospital managed such substantial revenue growth, from $24.4M in 2019 to $85.4M in 2023, and what specific initiatives or expansions contributed to this nearly 250% increase?
The provided data indicates a remarkable revenue increase from $24,448,704 in 2019 to $85,425,818 in 2023. However, the specific drivers such as new programs, facility expansions, or changes in service offerings are not detailed within the given financial snapshots.
Given the significant increase in revenue and assets, what is the hospital's strategy for allocating these increased resources to directly benefit patient care and community health initiatives?
While the financial data shows substantial growth in revenue and assets, the specific allocation strategy for these increased resources towards patient care and community health initiatives is not explicitly outlined in the provided high-level financial figures.
Filing History
IRS 990 filing history for Memorial Hospital Of William F And Gertrude F Jones Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memorial Hospital Of William F And Gertrude F Jones Inc's revenue has grown by 125.8%, moving from $34.6M to $78.1M. Total assets increased by 175.5% over the same period, from $26.3M to $72.5M. Total functional expenses rose by 124.6%, from $33.0M to $74.1M. In its most recent filing year (2023), Memorial Hospital Of William F And Gertrude F Jones Inc reported a surplus of $4.0M, with revenue exceeding expenses. The organization holds $28.9M in liabilities against $72.5M in assets (debt-to-asset ratio: 39.9%), resulting in net assets of $43.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $78.1M | $74.1M | $72.5M | $28.9M | — | — |
| 2022 | $62.1M | $60.9M | $59.5M | $22.2M | — | View 990 |
| 2021 | $64.4M | $53.7M | $55.3M | $22.1M | — | View 990 |
| 2020 | $50.3M | $45.5M | $49.3M | $32.4M | — | View 990 |
| 2019 | $24.4M | $22.2M | $29.4M | $18.0M | — | View 990 |
| 2018 | $47.5M | $41.8M | $25.7M | $16.5M | — | View 990 |
| 2017 | $39.3M | $39.8M | $22.6M | $19.0M | — | — |
| 2016 | $37.6M | $39.1M | $24.5M | $20.4M | — | View 990 |
| 2015 | $37.7M | $38.6M | $29.0M | $24.8M | — | View 990 |
| 2014 | $36.1M | $36.6M | $30.5M | $25.7M | — | View 990 |
| 2013 | $35.0M | $35.1M | $31.2M | $20.3M | — | View 990 |
| 2012 | $36.5M | $34.6M | $29.7M | $24.5M | — | View 990 |
| 2011 | $34.6M | $33.0M | $26.3M | $24.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $78.1M, expenses of $74.1M, and assets of $72.5M (revenue +25.8% year-over-year).
- 2022: Revenue of $62.1M, expenses of $60.9M, and assets of $59.5M (revenue -3.6% year-over-year).
- 2021: Revenue of $64.4M, expenses of $53.7M, and assets of $55.3M (revenue +28.0% year-over-year).
- 2020: Revenue of $50.3M, expenses of $45.5M, and assets of $49.3M (revenue +105.8% year-over-year).
- 2019: Revenue of $24.4M, expenses of $22.2M, and assets of $29.4M (revenue -48.6% year-over-year).
- 2018: Revenue of $47.5M, expenses of $41.8M, and assets of $25.7M (revenue +21.1% year-over-year).
- 2017: Revenue of $39.3M, expenses of $39.8M, and assets of $22.6M (revenue +4.5% year-over-year).
- 2016: Revenue of $37.6M, expenses of $39.1M, and assets of $24.5M (revenue -0.2% year-over-year).
- 2015: Revenue of $37.7M, expenses of $38.6M, and assets of $29.0M (revenue +4.3% year-over-year).
- 2014: Revenue of $36.1M, expenses of $36.6M, and assets of $30.5M (revenue +3.3% year-over-year).
- 2013: Revenue of $35.0M, expenses of $35.1M, and assets of $31.2M (revenue -4.3% year-over-year).
- 2012: Revenue of $36.5M, expenses of $34.6M, and assets of $29.7M (revenue +5.6% year-over-year).
- 2011: Revenue of $34.6M, expenses of $33.0M, and assets of $26.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Hospital Of William F And Gertrude F Jones Inc:
Data Sources and Methodology
This transparency report for Memorial Hospital Of William F And Gertrude F Jones Inc 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.