Milford Hospital Foundation Inc
Milford Hospital Foundation: Declining Revenue, High Administrative Costs
EIN: 222627350 · Milford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $107K |
| Program Spending | 60% |
| Net Assets | $946K |
| Transparency Score | 65/100 |
Is Milford Hospital Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Milford Hospital Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Milford Hospital Foundation Inc
Milford Hospital Foundation Inc (EIN: 222627350) is a nonprofit organization based in Milford, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milford Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milford Hospital Foundation Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -11.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $212K |
| Total Expenses | $107K |
| Surplus / Deficit | +$105K |
| Total Assets | $948K |
| Total Liabilities | $2K |
| Net Assets | $946K |
| Operating Margin | 49.6% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 106.4 months |
Financial Health Grade: A
In 2015, Milford Hospital Foundation Inc reported a surplus of $105K with revenue exceeding expenses, holds 106.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Milford Hospital Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +6.5% | -41.6% | -3.4% |
| 2014 | -2.8% | +93.1% | +9.7% |
| 2013 | -33.6% | -71.9% | +12.3% |
| 2012 | -9.2% | +10.6% | +4.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Milford Hospital Foundation Inc with a Mission Score of 65 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Milford Hospital Foundation Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $105K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific salary figures, which are not provided in the given 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 Milford Hospital Foundation Inc's IRS 990 filings:
- Total revenue has shown a significant decline from $339,487 in 2011 to $211,898 in 2015.
- Administrative expenses (x) are consistently high relative to revenue, for example, $106,877 in 2015 against $211,898 revenue.
Strengths
The following positive indicators were identified for Milford Hospital Foundation Inc:
- Consistent filing of financial reports over the past five years.
Frequently Asked Questions about Milford Hospital Foundation Inc
Is Milford Hospital Foundation Inc a legitimate charity?
Milford Hospital Foundation Inc (EIN: 222627350) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 1 strength noted. Financial health grade: A.
How does Milford Hospital Foundation Inc spend its money?
Milford Hospital Foundation Inc directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Milford Hospital Foundation Inc tax-deductible?
Milford Hospital Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222627350). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Milford Hospital Foundation Inc's spending goes to programs?
Milford Hospital Foundation Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Milford Hospital Foundation Inc located?
Milford Hospital Foundation Inc is headquartered in Milford, Connecticut and files with the IRS under EIN 222627350.
How many years of IRS 990 filings does Milford Hospital Foundation Inc have?
Milford Hospital Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Milford Hospital Foundation Inc do?
Milford Hospital Foundation Inc is a nonprofit organization in the Unknown sector, located in Milford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Milford Hospital Foundation Inc have?
Milford Hospital Foundation Inc reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Milford Hospital Foundation Inc's total assets?
Milford Hospital Foundation Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Milford Hospital Foundation Inc located?
Milford Hospital Foundation Inc is based in Milford, Connecticut.
What is Milford Hospital Foundation Inc's EIN?
Milford Hospital Foundation Inc's Employer Identification Number (EIN) is 222627350. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Milford Hospital Foundation Inc?
Milford Hospital Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Milford Hospital Foundation Inc a registered 501(c)(3)?
Milford Hospital Foundation Inc appears in IRS records (EIN: 222627350). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Milford Hospital Foundation Inc file IRS Form 990?
Yes, Milford Hospital Foundation Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 201509.
What was Milford Hospital Foundation Inc's revenue in 2015?
In the 201509 filing period, Milford Hospital Foundation Inc reported total revenue of $211,898, total expenses of $106,877, and net assets of $947,982.
Is Milford Hospital Foundation Inc's revenue growing or declining?
Milford Hospital Foundation Inc's revenue is growing. Revenue went from $198,971 (201409) to $211,898 (201509), a +6.5% change. Based on 5 filings on record.
What is Milford Hospital Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Milford Hospital Foundation Inc covers tax period 201509. It shows revenue of $211,898, expenses of $106,877, total assets of $947,982, and liabilities of $1,542.
How much does Milford Hospital Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Milford Hospital Foundation Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Milford Hospital Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Milford Hospital Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 1 strength noted.
What are the red flags for Milford Hospital Foundation Inc?
The following concerns were identified: Total revenue has shown a significant decline from $339,487 in 2011 to $211,898 in 2015.. Administrative expenses (x) are consistently high relative to revenue, for example, $106,877 in 2015 against $211,898 revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Milford Hospital Foundation Inc's strengths?
Positive indicators for Milford Hospital Foundation Inc include: Consistent filing of financial reports over the past five years.. These findings are derived from AI analysis of the organization's financial filings.
How does Milford Hospital Foundation Inc compensate executives?
Executive compensation cannot be assessed without specific salary figures, which are not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial decrease in revenue for Milford Hospital Foundation Inc. between 2011 and 2015?
The provided data does not specify the reasons for the revenue decline, but it's a critical area for further investigation to understand the foundation's operational challenges.
How does the foundation justify its administrative expenses, which often represent a significant portion of its revenue?
Without a detailed breakdown of administrative activities, it's difficult to ascertain the necessity and efficiency of these expenditures, which were $106,877 in 2015 and $337,668 in 2012.
Filing History
IRS 990 filing history for Milford Hospital Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Milford Hospital Foundation Inc's revenue has declined by 37.6%, moving from $339K to $212K. Total assets increased by 24.9% over the same period, from $759K to $948K. Total functional expenses fell by 65%, from $305K to $107K. In its most recent filing year (2015), Milford Hospital Foundation Inc reported a surplus of $105K, with revenue exceeding expenses. The organization holds $2K in liabilities against $948K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $946K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $212K | $107K | $948K | $2K | — | View 990 |
| 2014 | $199K | $183K | $981K | $21K | — | View 990 |
| 2013 | $205K | $95K | $894K | $1 | — | View 990 |
| 2012 | $308K | $338K | $796K | $7K | — | View 990 |
| 2011 | $339K | $305K | $759K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $212K, expenses of $107K, and assets of $948K (revenue +6.5% year-over-year).
- 2014: Revenue of $199K, expenses of $183K, and assets of $981K (revenue -2.8% year-over-year).
- 2013: Revenue of $205K, expenses of $95K, and assets of $894K (revenue -33.6% year-over-year).
- 2012: Revenue of $308K, expenses of $338K, and assets of $796K (revenue -9.2% year-over-year).
- 2011: Revenue of $339K, expenses of $305K, and assets of $759K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milford Hospital Foundation Inc:
Data Sources and Methodology
This transparency report for Milford Hospital Foundation 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.