Niagara Falls Memorial Medical Center

Niagara Falls Memorial Medical Center maintains stable operations with fluctuating surpluses and deficits, and no reported officer compensation in 990 filings.

EIN: 160743094 · Niagara Falls, NY · NTEE: E220 · Updated: 2026-03-28

$146.7MRevenue

$99.5MAssets

75/100Mission Score (Good)

E220

About Niagara Falls Memorial Medical Center

Niagara Falls Memorial Medical Center (EIN: 160743094) is a nonprofit organization based in Niagara Falls, NY, classified under NTEE code E220. The organization reported total revenue of $146.7M and total assets of $99.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Niagara Falls Memorial Medical Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Niagara Falls Memorial Medical Center demonstrates a generally stable financial position, with revenues consistently exceeding or closely matching expenses over the past decade. For instance, in 2023, the organization reported revenues of $128,401,142 against expenses of $127,424,645, indicating a slight surplus. However, there was a notable deficit in 2022, with expenses of $129,755,353 exceeding revenues of $113,093,504. The organization's assets have fluctuated, reaching a high of $106,847,073 in 2020 and currently standing at $75,546,595 in 2023, while liabilities have remained manageable relative to assets. The consistent reporting of 0% for officer compensation across all available filings suggests that executive compensation is either not reported in this section or is handled differently, which could be a point for further inquiry regarding transparency in executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Niagara Falls Memorial Medical Center 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Niagara Falls Memorial Medical Center allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization of this size with revenues exceeding $100 million annually. This suggests that executive compensation may be reported elsewhere or structured in a way that it does not appear in the 'Officer Comp' field, warranting further investigation into the full compensation packages of key executives.

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 Niagara Falls Memorial Medical Center's IRS 990 filings:

Consistent 0% officer compensation reported, which is atypical for an organization of this scale and warrants further investigation into executive pay disclosure.
Significant operating deficit in 2022 ($16.6 million), indicating a period of financial strain.

Strengths

The following positive indicators were identified for Niagara Falls Memorial Medical Center:

Generally stable financial operations with revenues often exceeding expenses over the past decade.
Substantial asset base, with assets of $75,546,595 in 2023, providing financial stability.
Consistent history of IRS 990 filings, indicating a commitment to transparency in reporting.

Frequently Asked Questions about Niagara Falls Memorial Medical Center

Is Niagara Falls Memorial Medical Center a good charity?

Based on the available data, the medical center appears to be a financially stable organization providing essential services. Its revenues generally cover expenses, and its asset base is substantial. However, the lack of reported officer compensation in the 990 filings is an unusual data point that could impact a full assessment of its 'goodness' as a charity, depending on how executive pay is actually managed and disclosed.

How does the organization manage its executive compensation?

The IRS 990 filings consistently show 0% for officer compensation. This is highly unusual for an organization with over $100 million in annual revenue and suggests that executive compensation is either not reported in this specific field or is structured in a way that it does not appear as direct officer compensation, requiring deeper scrutiny of other parts of the filing or supplementary documents.

What caused the significant deficit in 2022?

In 2022, the organization reported revenues of $113,093,504 against expenses of $129,755,353, resulting in a deficit of over $16 million. The specific causes are not detailed in the provided summary, but such a significant difference warrants further investigation into operational changes, unexpected costs, or revenue shortfalls during that period.

Filing History

IRS 990 filing history for Niagara Falls Memorial Medical Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Niagara Falls Memorial Medical Center's revenue has grown by 43.3%, moving from $89.6M to $128.4M. Total assets increased by 16.9% over the same period, from $64.6M to $75.5M. Total functional expenses rose by 50.5%, from $84.7M to $127.4M. In its most recent filing year (2023), Niagara Falls Memorial Medical Center reported a surplus of $976K, with revenue exceeding expenses. The organization holds $58.4M in liabilities against $75.5M in assets (debt-to-asset ratio: 77.3%), resulting in net assets of $17.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$128.4M	$127.4M	$75.5M	$58.4M	—	—
2022	$113.1M	$129.8M	$74.3M	$57.8M	—	View 990
2021	$117.8M	$127.0M	$89.2M	$48.4M	—	View 990
2020	$129.1M	$126.4M	$106.8M	$57.2M	—	View 990
2019	$122.4M	$118.3M	$90.7M	$42.4M	—	View 990
2018	$109.9M	$112.7M	$82.4M	$39.6M	—	View 990
2017	$113.9M	$111.0M	$87.6M	$41.2M	—	View 990
2016	$110.7M	$106.8M	$89.7M	$45.2M	—	View 990
2015	$105.0M	$99.5M	$83.2M	$43.3M	—	View 990
2014	$97.3M	$93.8M	$79.3M	$45.6M	—	View 990
2013	$93.8M	$88.9M	$79.4M	$49.2M	—	View 990
2012	$94.6M	$86.3M	$70.5M	$44.7M	—	View 990
2011	$89.6M	$84.7M	$64.6M	$47.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $128.4M, expenses of $127.4M, and assets of $75.5M (revenue +13.5% year-over-year).
2022: Revenue of $113.1M, expenses of $129.8M, and assets of $74.3M (revenue -4.0% year-over-year).
2021: Revenue of $117.8M, expenses of $127.0M, and assets of $89.2M (revenue -8.7% year-over-year).
2020: Revenue of $129.1M, expenses of $126.4M, and assets of $106.8M (revenue +5.5% year-over-year).
2019: Revenue of $122.4M, expenses of $118.3M, and assets of $90.7M (revenue +11.4% year-over-year).
2018: Revenue of $109.9M, expenses of $112.7M, and assets of $82.4M (revenue -3.5% year-over-year).
2017: Revenue of $113.9M, expenses of $111.0M, and assets of $87.6M (revenue +2.9% year-over-year).
2016: Revenue of $110.7M, expenses of $106.8M, and assets of $89.7M (revenue +5.4% year-over-year).
2015: Revenue of $105.0M, expenses of $99.5M, and assets of $83.2M (revenue +7.9% year-over-year).
2014: Revenue of $97.3M, expenses of $93.8M, and assets of $79.3M (revenue +3.8% year-over-year).
2013: Revenue of $93.8M, expenses of $88.9M, and assets of $79.4M (revenue -0.9% year-over-year).
2012: Revenue of $94.6M, expenses of $86.3M, and assets of $70.5M (revenue +5.6% year-over-year).
2011: Revenue of $89.6M, expenses of $84.7M, and assets of $64.6M.

Data Sources and Methodology

This transparency report for Niagara Falls Memorial Medical Center 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.