Moses Ludington Hospital
Moses Ludington Hospital faces severe financial distress with minimal revenue and substantial liabilities in recent years.
EIN: 141372647 · Ticonderoga, NY · NTEE: E22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11K |
| Program Spending | 80% |
| Net Assets | $-10,895,869 |
| Transparency Score | 30/100 |
Is Moses Ludington Hospital Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Moses Ludington Hospital directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Moses Ludington Hospital
Moses Ludington Hospital (EIN: 141372647) is a nonprofit organization based in Ticonderoga, NY, classified under NTEE code E22. The organization reported total revenue of $11K and total assets of $248K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Moses Ludington Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Moses Ludington Hospital is a micro nonprofit that has been operating for 27 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -50.7%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $0 |
| Surplus / Deficit | +$11K |
| Total Assets | $237K |
| Total Liabilities | $11.1M |
| Net Assets | $-10,895,869 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 4690.3% |
Financial Health Grade: B
In 2021, Moses Ludington Hospital reported a surplus of $11K with revenue exceeding expenses, has a debt-to-asset ratio of 4690.3% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Moses Ludington Hospital's revenue has declined at a compound annual growth rate (CAGR) of -50.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -8.3% | -100.0% | +4.8% |
| 2020 | -34.4% | +177.7% | -1.8% |
| 2018 | -116.4% | -70.7% | -98.9% |
| 2017 | +34.7% | -6.2% | +96.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Moses Ludington Hospital with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Moses Ludington Hospital allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 4690.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, which is unusual for an organization that previously had tens of millions in revenue and expenses, suggesting either a volunteer-led structure or that compensation is not disclosed in this specific field, which limits transparency.
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 Moses Ludington Hospital's IRS 990 filings:
- Dramatic decline in revenue from millions to thousands, indicating potential cessation of primary operations.
- Extremely high liabilities (over $11 million) consistently dwarfing assets (around $200,000 in recent years).
- Negative revenue reported in 2018 ($-2,810,663), which is highly unusual for a nonprofit.
- Zero reported expenses in 2021 while still reporting assets and liabilities, suggesting minimal or no active operations.
- Consistent 0% officer compensation across all filings, which may obscure actual leadership costs or indicate a lack of paid leadership despite significant past operations.
Strengths
The following positive indicators were identified for Moses Ludington Hospital:
- Historically, the organization managed significant operational budgets with revenues in the tens of millions from 2012-2017.
Frequently Asked Questions about Moses Ludington Hospital
Is Moses Ludington Hospital a legitimate charity?
Moses Ludington Hospital (EIN: 141372647) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 30/100. It has 11 years of IRS 990 filings on record. Total revenue: $11K. 5 red flags identified. 1 strength noted. Financial health grade: B.
How does Moses Ludington Hospital spend its money?
Moses Ludington Hospital directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Moses Ludington Hospital tax-deductible?
Moses Ludington Hospital is registered as a tax-exempt nonprofit (EIN: 141372647). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Moses Ludington Hospital's spending goes to programs?
Moses Ludington Hospital directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Moses Ludington Hospital compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Moses Ludington Hospital is below average for NTEE category E22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Moses Ludington Hospital located?
Moses Ludington Hospital is headquartered in Ticonderoga, New York and files with the IRS under EIN 141372647. It is classified under NTEE code E22.
How many years of IRS 990 filings does Moses Ludington Hospital have?
Moses Ludington Hospital has 11 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 $11K in total revenue.
Why did Moses Ludington Hospital's revenue drop from $17.1 million in 2017 to $10,825 in 2021?
The filings show a dramatic decrease in reported revenue, from $17,153,291 in 2017 to -$2,810,663 in 2018, and then to nominal amounts like $10,825 in 2021. This suggests a significant operational change, such as a cessation of primary healthcare services, a merger, or a change in reporting structure.
What is the nature of the $11 million+ liabilities consistently reported by the organization?
The organization consistently reports liabilities exceeding $11 million, reaching $16.8 million in 2017, while assets are significantly lower. This indicates a substantial debt burden that far outweighs its current asset base and operational revenue, posing a serious financial risk.
Is Moses Ludington Hospital still actively operating as a healthcare provider?
The recent financial data, with minimal revenue (e.g., $10,825 in 2021) and expenses ($0 in 2021), strongly suggests that the organization is no longer operating at the scale of a full-service hospital, if at all, in its original capacity.
Filing History
IRS 990 filing history for Moses Ludington Hospital showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Moses Ludington Hospital's revenue has declined by 99.9%, moving from $12.8M to $11K. Total assets decreased by 97.4% over the same period, from $9.2M to $237K. Total functional expenses fell by 100%, from $13.0M to $0. The organization holds $11.1M in liabilities against $237K in assets (debt-to-asset ratio: 4690.3%), resulting in net assets of $-10,895,869.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $11K | $0 | $237K | $11.1M | — | View 990 |
| 2020 | $12K | $16K | $227K | $11.1M | — | View 990 |
| 2019 | $18K | $6K | $231K | $11.1M | — | View 990 |
| 2018 | $-2,810,663 | $3.2M | $213K | $11.1M | — | View 990 |
| 2017 | $17.2M | $10.9M | $19.0M | $16.8M | — | View 990 |
| 2016 | $12.7M | $11.6M | $9.7M | $13.8M | — | View 990 |
| 2015 | $12.1M | $11.8M | $8.5M | $13.8M | — | View 990 |
| 2014 | $12.4M | $12.9M | $8.2M | $13.7M | — | View 990 |
| 2013 | $13.4M | $13.9M | $8.2M | $13.2M | — | View 990 |
| 2012 | $13.4M | $13.4M | $9.1M | $13.5M | — | View 990 |
| 2011 | $12.8M | $13.0M | $9.2M | $13.6M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $11K, expenses of $0, and assets of $237K (revenue -8.3% year-over-year).
- 2020: Revenue of $12K, expenses of $16K, and assets of $227K (revenue -34.4% year-over-year).
- 2019: Revenue of $18K, expenses of $6K, and assets of $231K.
- 2018: Revenue of $-2,810,663, expenses of $3.2M, and assets of $213K (revenue -116.4% year-over-year).
- 2017: Revenue of $17.2M, expenses of $10.9M, and assets of $19.0M (revenue +34.7% year-over-year).
- 2016: Revenue of $12.7M, expenses of $11.6M, and assets of $9.7M (revenue +5.3% year-over-year).
- 2015: Revenue of $12.1M, expenses of $11.8M, and assets of $8.5M (revenue -2.8% year-over-year).
- 2014: Revenue of $12.4M, expenses of $12.9M, and assets of $8.2M (revenue -6.9% year-over-year).
- 2013: Revenue of $13.4M, expenses of $13.9M, and assets of $8.2M (revenue +-0.0% year-over-year).
- 2012: Revenue of $13.4M, expenses of $13.4M, and assets of $9.1M (revenue +4.2% year-over-year).
- 2011: Revenue of $12.8M, expenses of $13.0M, and assets of $9.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Moses Ludington Hospital:
Data Sources and Methodology
This transparency report for Moses Ludington Hospital 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.