Morrison Hospital Association
Morrison Hospital Association faces recent operating deficits despite growing revenue, with declining assets and high liabilities.
EIN: 20262504 · Whitefield, NH · NTEE: E91Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.3M |
| Total Expenses | $14.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $2.6M |
| Transparency Score | 75/100 |
Is Morrison Hospital Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morrison Hospital Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morrison Hospital Association
Morrison Hospital Association (EIN: 20262504) is a nonprofit organization based in Whitefield, NH, classified under NTEE code E91Z. The organization reported total revenue of $13.3M and total assets of $27.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morrison Hospital Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morrison Hospital Association is a large nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.4M |
| Total Expenses | $14.0M |
| Surplus / Deficit | $-2,652,193 |
| Total Assets | $28.1M |
| Total Liabilities | $25.5M |
| Net Assets | $2.6M |
| Operating Margin | -23.3% |
| Debt-to-Asset Ratio | 90.7% |
| Months of Reserves | 24.1 months |
Financial Health Grade: C
In 2023, Morrison Hospital Association reported a deficit of $2.7M with expenses exceeding revenue, holds 24.1 months of operating reserves (strong position), has a debt-to-asset ratio of 90.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morrison Hospital Association's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.6% | +12.8% | -6.9% |
| 2022 | -1.3% | +6.6% | -6.1% |
| 2021 | +19.4% | +2.6% | -5.5% |
| 2020 | +22.1% | +11.4% | +1.9% |
| 2019 | +18.3% | +30.2% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
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 Morrison Hospital Association 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: 85%
- fundraising: 5%
According to IRS 990 filings, Morrison Hospital Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with revenues exceeding $10 million annually. This suggests either that executive compensation is not reported under this specific line item, or that the organization operates with an entirely volunteer or externally compensated leadership structure, which would be highly efficient.
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 Morrison Hospital Association's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $2.6M in 2023)
- Declining asset base from peak levels
- High liabilities relative to assets (e.g., $25.5M liabilities vs. $28.1M assets in 2023)
- Unusual 0% officer compensation reported, warranting further inquiry
Strengths
The following positive indicators were identified for Morrison Hospital Association:
- Long operational history with 13 years of filings
- Significant revenue growth over the past decade (from $6.2M in 2014 to $11.3M in 2023)
- Substantial asset base ($28.1 million in 2023)
- Consistent filing of IRS 990s, indicating transparency in reporting
Frequently Asked Questions about Morrison Hospital Association
Is Morrison Hospital Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Morrison Hospital Association (EIN: 20262504) some concerns. Mission Score: 75/100. 4 red flags identified, 4 strengths noted.
How does Morrison Hospital Association spend its money?
Morrison Hospital Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morrison Hospital Association tax-deductible?
Morrison Hospital Association is registered as a tax-exempt nonprofit (EIN: 20262504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Morrison Hospital Association CEO make?
Morrison Hospital Association's highest-compensated officer earns $10 annually. The organization reported $13.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Morrison Hospital Association's spending goes to programs?
Morrison Hospital Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morrison Hospital Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Morrison Hospital Association is above average for NTEE category E91Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morrison Hospital Association located?
Morrison Hospital Association is headquartered in Whitefield, New Hampshire and files with the IRS under EIN 20262504. It is classified under NTEE code E91Z.
How many years of IRS 990 filings does Morrison Hospital Association have?
Morrison Hospital Association 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 $13.3M in total revenue.
Why have expenses exceeded revenue in the last two reported periods (2022 and 2023)?
In 2023, expenses were $14,010,622 against revenues of $11,358,429, and in 2022, expenses were $12,419,513 against revenues of $12,290,092. This trend suggests operational challenges or significant investments that are not immediately covered by incoming revenue.
What is the reason for the consistent 0% officer compensation reported on the 990s?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It could indicate that compensation is paid through a related entity, that leadership is entirely volunteer, or that compensation is structured in a way that doesn't fall under the 'officer compensation' category on the 990, requiring further clarification for full transparency.
Why have assets declined from a peak of $34 million in 2020 to $28.1 million in 2023?
The decline in assets from $34,052,183 in 2020 to $28,129,982 in 2023, alongside increasing liabilities, could be due to asset depreciation, divestment, or the use of assets to cover operational shortfalls.
Filing History
IRS 990 filing history for Morrison Hospital Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morrison Hospital Association's revenue has grown by 97.3%, moving from $5.8M to $11.4M. Total assets increased by 348.1% over the same period, from $6.3M to $28.1M. Total functional expenses rose by 167%, from $5.2M to $14.0M. In its most recent filing year (2023), Morrison Hospital Association reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $25.5M in liabilities against $28.1M in assets (debt-to-asset ratio: 90.7%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.4M | $14.0M | $28.1M | $25.5M | — | View 990 |
| 2022 | $12.3M | $12.4M | $30.2M | $25.4M | — | View 990 |
| 2021 | $12.5M | $11.7M | $32.2M | $26.2M | — | View 990 |
| 2020 | $10.4M | $11.4M | $34.1M | $28.3M | — | View 990 |
| 2019 | $8.6M | $10.2M | $33.4M | $27.8M | — | View 990 |
| 2018 | $7.2M | $7.8M | $34.1M | $26.7M | — | View 990 |
| 2017 | $6.4M | $6.3M | $24.1M | $16.2M | — | View 990 |
| 2016 | $6.3M | $6.2M | $11.0M | $3.3M | — | View 990 |
| 2015 | $6.3M | $6.2M | $8.8M | $3.1M | — | View 990 |
| 2014 | $6.2M | $5.9M | $7.3M | $1.7M | — | View 990 |
| 2013 | $5.9M | $5.5M | $6.7M | $1.4M | — | View 990 |
| 2012 | $5.3M | $5.0M | $6.4M | $1.5M | — | View 990 |
| 2011 | $5.8M | $5.2M | $6.3M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.4M, expenses of $14.0M, and assets of $28.1M (revenue -7.6% year-over-year).
- 2022: Revenue of $12.3M, expenses of $12.4M, and assets of $30.2M (revenue -1.3% year-over-year).
- 2021: Revenue of $12.5M, expenses of $11.7M, and assets of $32.2M (revenue +19.4% year-over-year).
- 2020: Revenue of $10.4M, expenses of $11.4M, and assets of $34.1M (revenue +22.1% year-over-year).
- 2019: Revenue of $8.6M, expenses of $10.2M, and assets of $33.4M (revenue +18.3% year-over-year).
- 2018: Revenue of $7.2M, expenses of $7.8M, and assets of $34.1M (revenue +12.5% year-over-year).
- 2017: Revenue of $6.4M, expenses of $6.3M, and assets of $24.1M (revenue +1.3% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.2M, and assets of $11.0M (revenue +0.9% year-over-year).
- 2015: Revenue of $6.3M, expenses of $6.2M, and assets of $8.8M (revenue +0.9% year-over-year).
- 2014: Revenue of $6.2M, expenses of $5.9M, and assets of $7.3M (revenue +5.5% year-over-year).
- 2013: Revenue of $5.9M, expenses of $5.5M, and assets of $6.7M (revenue +11.8% year-over-year).
- 2012: Revenue of $5.3M, expenses of $5.0M, and assets of $6.4M (revenue -8.3% year-over-year).
- 2011: Revenue of $5.8M, expenses of $5.2M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morrison Hospital Association:
Data Sources and Methodology
This transparency report for Morrison Hospital Association 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.