Our Lady Of Lourdes Memorial Hospit Al Inc
Our Lady Of Lourdes Memorial Hospital Inc reports consistent high revenue and expenses, with recent operating deficits and no officer compensation disclosed on 990s.
EIN: 150532221 · Binghamton, NY · NTEE: E22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $521.6M |
| Program Spending | 90% |
| Net Assets | $250.5M |
| Transparency Score | 85/100 |
Is Our Lady Of Lourdes Memorial Hospit Al Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Our Lady Of Lourdes Memorial Hospit Al Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Our Lady Of Lourdes Memorial Hospit Al Inc
Our Lady Of Lourdes Memorial Hospit Al Inc (EIN: 150532221) is a nonprofit organization based in Binghamton, NY, classified under NTEE code E22. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Our Lady Of Lourdes Memorial Hospit Al Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Our Lady Of Lourdes Memorial Hospit Al Inc is a major nonprofit that has been operating for 2 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $488.9M |
| Total Expenses | $521.6M |
| Surplus / Deficit | $-32,661,547 |
| Total Assets | $444.8M |
| Total Liabilities | $194.3M |
| Net Assets | $250.5M |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 43.7% |
| Months of Reserves | 10.2 months |
Financial Health Grade: B
In 2023, Our Lady Of Lourdes Memorial Hospit Al Inc reported a deficit of $32.7M with expenses exceeding revenue, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 43.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Our Lady Of Lourdes Memorial Hospit Al Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | +8.4% | -8.8% |
| 2022 | -4.1% | +10.0% | -9.3% |
| 2021 | +18.3% | +4.0% | +19.0% |
| 2020 | +1.9% | +8.7% | +8.8% |
| 2019 | +7.6% | +5.2% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Our Lady Of Lourdes Memorial Hospit Al Inc with a Mission Score of 85 out of 100 (Excellent). 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, Our Lady Of Lourdes Memorial Hospit Al Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization of this size and revenue. This suggests that executive compensation may be reported by a related entity or structured in a way not captured in this specific line item, requiring deeper scrutiny to understand the full compensation structure.
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 Our Lady Of Lourdes Memorial Hospit Al Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $32,661,547 in 202306, $24,257,418 in 202206)
- 0% reported officer compensation across all filings, which is unusual for an organization of this scale and warrants further investigation into executive pay structures.
Strengths
The following positive indicators were identified for Our Lady Of Lourdes Memorial Hospit Al Inc:
- Substantial and growing asset base, with $444,769,267 in assets in 202306, indicating strong financial backing.
- Consistent history of high revenue generation, demonstrating significant operational capacity as a healthcare provider.
- Long history of IRS 990 filings, indicating transparency and compliance with regulatory requirements.
- As a hospital, the vast majority of its spending is inherently programmatic, directly serving its mission of healthcare.
Frequently Asked Questions about Our Lady Of Lourdes Memorial Hospit Al Inc
Is Our Lady Of Lourdes Memorial Hospit Al Inc a legitimate charity?
Our Lady Of Lourdes Memorial Hospit Al Inc (EIN: 150532221) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Our Lady Of Lourdes Memorial Hospit Al Inc spend its money?
Our Lady Of Lourdes Memorial Hospit Al Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Our Lady Of Lourdes Memorial Hospit Al Inc tax-deductible?
Our Lady Of Lourdes Memorial Hospit Al Inc is registered as a tax-exempt nonprofit (EIN: 150532221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Our Lady Of Lourdes Memorial Hospit Al Inc's spending goes to programs?
Our Lady Of Lourdes Memorial Hospit Al Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Our Lady Of Lourdes Memorial Hospit Al Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Our Lady Of Lourdes Memorial Hospit Al Inc is above average for NTEE category E22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Our Lady Of Lourdes Memorial Hospit Al Inc located?
Our Lady Of Lourdes Memorial Hospit Al Inc is headquartered in Binghamton, New York and files with the IRS under EIN 150532221. It is classified under NTEE code E22.
How many years of IRS 990 filings does Our Lady Of Lourdes Memorial Hospit Al Inc have?
Our Lady Of Lourdes Memorial Hospit Al Inc 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.
Is Our Lady Of Lourdes Memorial Hospit Al Inc a good charity?
As a hospital, its primary mission is healthcare delivery, which is inherently charitable. The organization manages significant assets and revenue, indicating a substantial operation. While recent filings show operating deficits, this is not uncommon for hospitals. The lack of reported officer compensation on the 990s is a point for further inquiry, but overall, it appears to be a large, established healthcare provider.
Why is officer compensation reported as 0% across all filings?
The consistent reporting of 0% for officer compensation on the provided 990 data suggests that executive salaries might be paid by a related organization, or structured differently, or not reported in the specific section of the 990 that this data point references. It does not necessarily mean executives are unpaid, but rather that their compensation is not disclosed in this particular manner on these filings.
What is the trend in the organization's financial health?
The organization shows a trend of increasing revenue and expenses over the years, reflecting growth in its operations. While there have been periods of operating deficits (e.g., 202306, 202206), it maintains substantial assets, indicating financial stability despite year-to-year fluctuations in operating income.
Filing History
IRS 990 filing history for Our Lady Of Lourdes Memorial Hospit Al Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Our Lady Of Lourdes Memorial Hospit Al Inc's revenue has grown by 67.4%, moving from $292.0M to $488.9M. Total assets increased by 45.7% over the same period, from $305.3M to $444.8M. Total functional expenses rose by 96.2%, from $265.9M to $521.6M. In its most recent filing year (2023), Our Lady Of Lourdes Memorial Hospit Al Inc reported a deficit of $32.7M, with expenses exceeding revenue. The organization holds $194.3M in liabilities against $444.8M in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $250.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $488.9M | $521.6M | $444.8M | $194.3M | — | — |
| 2022 | $456.9M | $481.2M | $487.7M | $210.6M | — | View 990 |
| 2021 | $476.5M | $437.5M | $537.6M | $236.4M | — | — |
| 2020 | $402.7M | $420.8M | $451.9M | $201.3M | — | View 990 |
| 2019 | $395.3M | $387.2M | $415.5M | $137.0M | — | View 990 |
| 2018 | $367.2M | $368.1M | $401.9M | $139.7M | — | View 990 |
| 2017 | $338.9M | $328.3M | $406.2M | $146.8M | — | View 990 |
| 2016 | $310.7M | $307.5M | $367.5M | $119.7M | — | View 990 |
| 2015 | $160.7M | $145.6M | $380.3M | $110.3M | — | View 990 |
| 2014 | $307.4M | $286.7M | $376.7M | $111.3M | — | View 990 |
| 2013 | $294.2M | $273.2M | $365.7M | $118.2M | — | View 990 |
| 2012 | $301.2M | $266.9M | $340.3M | $123.5M | — | View 990 |
| 2011 | $292.0M | $265.9M | $305.3M | $116.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $488.9M, expenses of $521.6M, and assets of $444.8M (revenue +7.0% year-over-year).
- 2022: Revenue of $456.9M, expenses of $481.2M, and assets of $487.7M (revenue -4.1% year-over-year).
- 2021: Revenue of $476.5M, expenses of $437.5M, and assets of $537.6M (revenue +18.3% year-over-year).
- 2020: Revenue of $402.7M, expenses of $420.8M, and assets of $451.9M (revenue +1.9% year-over-year).
- 2019: Revenue of $395.3M, expenses of $387.2M, and assets of $415.5M (revenue +7.6% year-over-year).
- 2018: Revenue of $367.2M, expenses of $368.1M, and assets of $401.9M (revenue +8.4% year-over-year).
- 2017: Revenue of $338.9M, expenses of $328.3M, and assets of $406.2M (revenue +9.1% year-over-year).
- 2016: Revenue of $310.7M, expenses of $307.5M, and assets of $367.5M (revenue +93.3% year-over-year).
- 2015: Revenue of $160.7M, expenses of $145.6M, and assets of $380.3M (revenue -47.7% year-over-year).
- 2014: Revenue of $307.4M, expenses of $286.7M, and assets of $376.7M (revenue +4.5% year-over-year).
- 2013: Revenue of $294.2M, expenses of $273.2M, and assets of $365.7M (revenue -2.3% year-over-year).
- 2012: Revenue of $301.2M, expenses of $266.9M, and assets of $340.3M (revenue +3.1% year-over-year).
- 2011: Revenue of $292.0M, expenses of $265.9M, and assets of $305.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Our Lady Of Lourdes Memorial Hospit Al Inc:
Data Sources and Methodology
This transparency report for Our Lady Of Lourdes Memorial Hospit Al 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.