Memorial Hospital Volunteers
Memorial Hospital Volunteers: Strong Asset Base, Inconsistent Revenue
EIN: 223035421 · North Conway, NH · NTEE: P58Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $44K |
| Total Expenses | $12K |
| Program Spending | 80% |
| Net Assets | $31K |
| Transparency Score | 75/100 |
Is Memorial Hospital Volunteers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Hospital Volunteers directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Hospital Volunteers
Memorial Hospital Volunteers (EIN: 223035421) is a nonprofit organization based in North Conway, NH, classified under NTEE code P58Z. The organization reported total revenue of $44K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Hospital Volunteers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Hospital Volunteers is a micro nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $12K |
| Surplus / Deficit | $-1,084 |
| Total Assets | $31K |
| Net Assets | $31K |
| Operating Margin | -10.0% |
| Months of Reserves | 30.8 months |
Financial Health Grade: B
In 2023, Memorial Hospital Volunteers reported a deficit of $1K with expenses exceeding revenue, holds 30.8 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Memorial Hospital Volunteers's revenue has declined at a compound annual growth rate (CAGR) of -7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +234.0% | +2184.5% | +11.9% |
| 2021 | -103.1% | +14.1% | -22.6% |
| 2020 | -40.8% | -26.0% | -0.1% |
| 2019 | -16.9% | -25.1% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Volunteers 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 Volunteers 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 deficit of $1K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific figures for salaries or benefits are provided in the available data.
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 Volunteers's IRS 990 filings:
- Significant revenue fluctuation, including a negative revenue of -$263 in 202106, raises questions about financial stability.
- Expenses exceeded revenue in multiple years (e.g., 202306: revenue $10,864, expenses $11,948; 202106: revenue -$263, expenses $9,590; 201606: revenue $24,471, expenses $34,327).
Strengths
The following positive indicators were identified for Memorial Hospital Volunteers:
- Maintains a substantial asset base relative to its revenue, with assets consistently above $22,000.
- Long operational history indicated by data from 2016 to 2023.
Frequently Asked Questions about Memorial Hospital Volunteers
Is Memorial Hospital Volunteers a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorial Hospital Volunteers (EIN: 223035421) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Memorial Hospital Volunteers spend its money?
Memorial Hospital Volunteers directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Memorial Hospital Volunteers tax-deductible?
Memorial Hospital Volunteers is registered as a tax-exempt nonprofit (EIN: 223035421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Memorial Hospital Volunteers's spending goes to programs?
Memorial Hospital Volunteers directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memorial Hospital Volunteers compare to similar nonprofits?
With a transparency score of 75/100 (Good), Memorial Hospital Volunteers is above average for NTEE category P58Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memorial Hospital Volunteers located?
Memorial Hospital Volunteers is headquartered in North Conway, New Hampshire and files with the IRS under EIN 223035421. It is classified under NTEE code P58Z.
How many years of IRS 990 filings does Memorial Hospital Volunteers have?
Memorial Hospital Volunteers has 12 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 $44K in total revenue.
What does Memorial Hospital Volunteers do?
Memorial Hospital Volunteers is a nonprofit organization in the Human Services sector, located in North Conway, New Hampshire. It is classified under NTEE code P58Z.
How much revenue does Memorial Hospital Volunteers have?
Memorial Hospital Volunteers reported total revenue of $44,128. Based on 12 IRS 990 filings on record.
What are Memorial Hospital Volunteers's total assets?
Memorial Hospital Volunteers holds total assets of $29,443 as reported in IRS 990 filings.
Where is Memorial Hospital Volunteers located?
Memorial Hospital Volunteers is based in North Conway, New Hampshire.
What is Memorial Hospital Volunteers's EIN?
Memorial Hospital Volunteers's Employer Identification Number (EIN) is 223035421. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Memorial Hospital Volunteers?
Memorial Hospital Volunteers is classified under NTEE code P58Z (Human Services).
Is Memorial Hospital Volunteers a registered 501(c)(3)?
Yes, Memorial Hospital Volunteers is recognized as a tax-exempt organization by the IRS. EIN: 223035421.
Does Memorial Hospital Volunteers file IRS Form 990?
Yes, Memorial Hospital Volunteers has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Memorial Hospital Volunteers's revenue in 2023?
In the 202306 filing period, Memorial Hospital Volunteers reported total revenue of $10,864, total expenses of $11,948, and net assets of $30,714.
Is Memorial Hospital Volunteers's revenue growing or declining?
Memorial Hospital Volunteers's revenue is growing. Revenue went from $3,253 (202206) to $10,864 (202306), a +234.0% change. Based on 12 filings on record.
What is Memorial Hospital Volunteers's most recent 990 filing?
The most recent IRS Form 990 filing for Memorial Hospital Volunteers covers tax period 202306. It shows revenue of $10,864, expenses of $11,948, total assets of $30,714, and liabilities of N/A.
How much does Memorial Hospital Volunteers spend on programs vs administration?
Based on IRS 990 analysis, Memorial Hospital Volunteers allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Memorial Hospital Volunteers a trustworthy charity?
Based on AI analysis of IRS 990 data, Memorial Hospital Volunteers appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Memorial Hospital Volunteers?
The following concerns were identified: Significant revenue fluctuation, including a negative revenue of -$263 in 202106, raises questions about financial stability.. Expenses exceeded revenue in multiple years (e.g., 202306: revenue $10,864, expenses $11,948; 202106: revenue -$263, expenses $9,590; 201606: revenue $24,471, expenses $34,327).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Memorial Hospital Volunteers's strengths?
Positive indicators for Memorial Hospital Volunteers include: Maintains a substantial asset base relative to its revenue, with assets consistently above $22,000.. Long operational history indicated by data from 2016 to 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Memorial Hospital Volunteers compensate executives?
Executive compensation cannot be assessed as no specific figures for salaries or benefits are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent asset base but volatile revenue, what is the primary source of funding for Memorial Hospital Volunteers' operations when revenue is low or negative?
The consistent asset base suggests reliance on accumulated reserves or potentially other non-revenue income streams not detailed in the provided data, to cover operational expenses during periods of low or negative revenue.
Filing History
IRS 990 filing history for Memorial Hospital Volunteers showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Memorial Hospital Volunteers's revenue has declined by 57.2%, moving from $25K to $11K. Total assets decreased by 1.6% over the same period, from $31K to $31K. Total functional expenses fell by 4.8%, from $13K to $12K. In its most recent filing year (2023), Memorial Hospital Volunteers reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $12K | $31K | $0 | — | View 990 |
| 2022 | $3K | $523 | $27K | $0 | — | View 990 |
| 2021 | $-263 | $10K | $28K | $0 | — | — |
| 2020 | $8K | $8K | $36K | $0 | — | View 990 |
| 2019 | $14K | $11K | $36K | $0 | — | View 990 |
| 2018 | $17K | $15K | $34K | $0 | — | View 990 |
| 2017 | $18K | $8K | $32K | $0 | — | View 990 |
| 2016 | $24K | $34K | $22K | $0 | — | View 990 |
| 2015 | $26K | $26K | $32K | $0 | — | View 990 |
| 2014 | $33K | $38K | $32K | $0 | — | View 990 |
| 2013 | $36K | $31K | $37K | $0 | — | — |
| 2012 | $25K | $13K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $12K, and assets of $31K (revenue +234.0% year-over-year).
- 2022: Revenue of $3K, expenses of $523, and assets of $27K.
- 2021: Revenue of $-263, expenses of $10K, and assets of $28K (revenue -103.1% year-over-year).
- 2020: Revenue of $8K, expenses of $8K, and assets of $36K (revenue -40.8% year-over-year).
- 2019: Revenue of $14K, expenses of $11K, and assets of $36K (revenue -16.9% year-over-year).
- 2018: Revenue of $17K, expenses of $15K, and assets of $34K (revenue -4.2% year-over-year).
- 2017: Revenue of $18K, expenses of $8K, and assets of $32K (revenue -27.4% year-over-year).
- 2016: Revenue of $24K, expenses of $34K, and assets of $22K (revenue -5.7% year-over-year).
- 2015: Revenue of $26K, expenses of $26K, and assets of $32K (revenue -21.9% year-over-year).
- 2014: Revenue of $33K, expenses of $38K, and assets of $32K (revenue -8.4% year-over-year).
- 2013: Revenue of $36K, expenses of $31K, and assets of $37K (revenue +42.8% year-over-year).
- 2012: Revenue of $25K, expenses of $13K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Hospital Volunteers:
Data Sources and Methodology
This transparency report for Memorial Hospital Volunteers 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.