Olean General Hospital
Olean General Hospital faces recurring operational deficits despite substantial revenue, with no direct officer compensation reported.
EIN: 160743102 · Olean, NY · NTEE: E220 · Updated: 2026-03-28
Is Olean General Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Olean General Hospital directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Olean General Hospital
Olean General Hospital (EIN: 160743102) is a nonprofit organization based in Olean, NY, classified under NTEE code E220. The organization reported total revenue of $211.0M and total assets of $154.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olean General Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Olean General Hospital with a Mission Score of 70 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Olean General Hospital allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for a hospital with over $200 million in annual revenue. This suggests executive compensation may be paid by a related organization or reported in a non-standard manner, impacting transparency regarding leadership costs.
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 Olean General Hospital's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023, 2022)
- 0% reported officer compensation across all filings, raising transparency concerns
- Fluctuating asset base, with a notable decrease from $208M in 2020 to $144M in 2023
Strengths
The following positive indicators were identified for Olean General Hospital:
- Substantial revenue generation (over $200M in latest filing)
- Maintains significant asset base ($154M latest) to support operations
- Consistent IRS 990 filing history, indicating regulatory compliance
Frequently Asked Questions about Olean General Hospital
Is Olean General Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Olean General Hospital (EIN: 160743102) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Olean General Hospital spend its money?
Olean General Hospital directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Olean General Hospital tax-deductible?
Olean General Hospital is registered as a tax-exempt nonprofit (EIN: 160743102). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Olean General Hospital financially stable given its recent operational deficits?
While the hospital has reported expenses exceeding revenue in recent years (e.g., $210M expenses vs. $200M revenue in 2023), it maintains significant assets ($154M latest) which provide some financial stability. However, sustained deficits could pose long-term challenges.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 13 filings is atypical for an organization of this scale. This could indicate that executive compensation is paid by a related entity, or it is categorized differently within the financial statements, requiring deeper scrutiny for full transparency.
How does Olean General Hospital manage its liabilities?
Liabilities have fluctuated, reaching a high of $121,639,731 in 2020 and decreasing to $74,387,407 in 2023. The hospital's assets generally exceed its liabilities, indicating a solvent position, though the debt burden has been significant in past years.
Filing History
IRS 990 filing history for Olean General Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Olean General Hospital's revenue has grown by 97.7%, moving from $101.1M to $199.9M. Total assets increased by 2.1% over the same period, from $141.2M to $144.1M. Total functional expenses rose by 110%, from $100.2M to $210.5M. In its most recent filing year (2023), Olean General Hospital reported a deficit of $10.6M, with expenses exceeding revenue. The organization holds $74.4M in liabilities against $144.1M in assets (debt-to-asset ratio: 51.6%), resulting in net assets of $69.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $199.9M | $210.5M | $144.1M | $74.4M | — | — |
| 2022 | $175.0M | $200.4M | $148.6M | $75.6M | — | View 990 |
| 2021 | $190.4M | $189.0M | $199.3M | $103.3M | — | View 990 |
| 2020 | $176.4M | $181.8M | $208.5M | $121.6M | — | View 990 |
| 2019 | $192.6M | $190.3M | $191.8M | $110.6M | — | View 990 |
| 2018 | $188.4M | $190.4M | $186.9M | $102.0M | — | View 990 |
| 2017 | $118.8M | $123.0M | $142.8M | $54.7M | — | View 990 |
| 2016 | $118.6M | $120.0M | $136.2M | $46.6M | — | View 990 |
| 2015 | $117.0M | $116.5M | $139.3M | $45.4M | — | View 990 |
| 2014 | $116.9M | $113.3M | $146.8M | $45.2M | — | View 990 |
| 2013 | $109.7M | $108.0M | $147.3M | $43.4M | — | View 990 |
| 2012 | $106.6M | $105.2M | $144.7M | $47.5M | — | View 990 |
| 2011 | $101.1M | $100.2M | $141.2M | $49.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $199.9M, expenses of $210.5M, and assets of $144.1M (revenue +14.2% year-over-year).
- 2022: Revenue of $175.0M, expenses of $200.4M, and assets of $148.6M (revenue -8.1% year-over-year).
- 2021: Revenue of $190.4M, expenses of $189.0M, and assets of $199.3M (revenue +7.9% year-over-year).
- 2020: Revenue of $176.4M, expenses of $181.8M, and assets of $208.5M (revenue -8.4% year-over-year).
- 2019: Revenue of $192.6M, expenses of $190.3M, and assets of $191.8M (revenue +2.2% year-over-year).
- 2018: Revenue of $188.4M, expenses of $190.4M, and assets of $186.9M (revenue +58.6% year-over-year).
- 2017: Revenue of $118.8M, expenses of $123.0M, and assets of $142.8M (revenue +0.1% year-over-year).
- 2016: Revenue of $118.6M, expenses of $120.0M, and assets of $136.2M (revenue +1.4% year-over-year).
- 2015: Revenue of $117.0M, expenses of $116.5M, and assets of $139.3M (revenue +0.2% year-over-year).
- 2014: Revenue of $116.9M, expenses of $113.3M, and assets of $146.8M (revenue +6.5% year-over-year).
- 2013: Revenue of $109.7M, expenses of $108.0M, and assets of $147.3M (revenue +2.9% year-over-year).
- 2012: Revenue of $106.6M, expenses of $105.2M, and assets of $144.7M (revenue +5.4% year-over-year).
- 2011: Revenue of $101.1M, expenses of $100.2M, and assets of $141.2M.
Data Sources and Methodology
This transparency report for Olean General 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.