New Hanover Regional Medical Center Foundation Inc
EIN: 561752396 · Winston Salem, NC · NTEE: E12
Is New Hanover Regional Medical Center Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Hanover Regional Medical Center Foundation Inc
New Hanover Regional Medical Center Foundation Inc (EIN: 561752396) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code E12. The organization reported total revenue of $54.2M and total assets of $130.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hanover Regional Medical Center Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hanover Regional Medical Center Foundation Inc is a major nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $123.5M |
| Total Liabilities | $395K |
| Net Assets | $123.2M |
| Operating Margin | 43.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 590.1 months |
Financial Health Grade: A
In 2023, New Hanover Regional Medical Center Foundation Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 590.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), New Hanover Regional Medical Center Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.4% | +22.7% | +58.3% |
| 2022 | -13.2% | +669.1% | -7.5% |
| 2021 | +19.7% | -77.8% | +3.4% |
| 2021 | +110.6% | -32.7% | +269.0% |
| 2020 | -8.2% | +3.6% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Hanover Regional Medical Center Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Hanover Regional Medical Center Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about New Hanover Regional Medical Center Foundation Inc
Is New Hanover Regional Medical Center Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hanover Regional Medical Center Foundation Inc (EIN: 561752396) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Hanover Regional Medical Center Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for New Hanover Regional Medical Center Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to New Hanover Regional Medical Center Foundation Inc tax-deductible?
New Hanover Regional Medical Center Foundation Inc is registered as a tax-exempt nonprofit (EIN: 561752396). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for New Hanover Regional Medical Center Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), New Hanover Regional Medical Center Foundation Inc's revenue has grown by 219.4%, moving from $1.4M to $4.4M. Total assets increased by 1389.8% over the same period, from $8.3M to $123.5M. Total functional expenses rose by 59.5%, from $1.6M to $2.5M. In its most recent filing year (2023), New Hanover Regional Medical Center Foundation Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $395K in liabilities against $123.5M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $123.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $2.5M | $123.5M | $395K | — | — |
| 2022 | $5.1M | $2.0M | $78.0M | $528K | — | View 990 |
| 2021 | $5.9M | $266K | $84.4M | $159K | — | View 990 |
| 2021 | $4.9M | $1.2M | $81.6M | $301K | — | View 990 |
| 2020 | $2.3M | $1.8M | $22.1M | $737K | — | — |
| 2019 | $2.5M | $1.7M | $20.9M | $362K | — | View 990 |
| 2018 | $3.1M | $3.0M | $20.0M | $668K | — | View 990 |
| 2017 | $4.3M | $2.7M | $20.5M | $711K | — | View 990 |
| 2016 | $2.0M | $1.9M | $19.1M | $357K | — | View 990 |
| 2015 | $2.9M | $1.7M | $18.1M | $206K | — | View 990 |
| 2014 | $2.6M | $2.2M | $10.2M | $583K | — | View 990 |
| 2013 | $2.1M | $2.1M | $9.4M | $444K | — | View 990 |
| 2012 | $1.7M | $1.4M | $9.1M | $143K | — | View 990 |
| 2011 | $1.4M | $1.6M | $8.3M | $117K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $2.5M, and assets of $123.5M (revenue -13.4% year-over-year).
- 2022: Revenue of $5.1M, expenses of $2.0M, and assets of $78.0M (revenue -13.2% year-over-year).
- 2021: Revenue of $5.9M, expenses of $266K, and assets of $84.4M (revenue +19.7% year-over-year).
- 2021: Revenue of $4.9M, expenses of $1.2M, and assets of $81.6M (revenue +110.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.8M, and assets of $22.1M (revenue -8.2% year-over-year).
- 2019: Revenue of $2.5M, expenses of $1.7M, and assets of $20.9M (revenue -17.5% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.0M, and assets of $20.0M (revenue -28.4% year-over-year).
- 2017: Revenue of $4.3M, expenses of $2.7M, and assets of $20.5M (revenue +119.0% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $19.1M (revenue -33.1% year-over-year).
- 2015: Revenue of $2.9M, expenses of $1.7M, and assets of $18.1M (revenue +11.8% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.2M, and assets of $10.2M (revenue +27.4% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.1M, and assets of $9.4M (revenue +22.6% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.4M, and assets of $9.1M (revenue +21.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.6M, and assets of $8.3M.
Data Sources and Methodology
This transparency report for New Hanover Regional Medical Center 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.