Phelps Memorial Hospital Association

Phelps Memorial Hospital Association shows consistent revenue growth and positive financial performance over the last decade.

EIN: 131725076 · Westbury, NY · NTEE: E220 · Updated: 2026-03-28

$757.4MRevenue

$594.8MAssets

80/100Mission Score (Excellent)

E220

About Phelps Memorial Hospital Association

Phelps Memorial Hospital Association (EIN: 131725076) is a nonprofit organization based in Westbury, NY, classified under NTEE code E220. The organization reported total revenue of $757.4M and total assets of $594.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phelps Memorial Hospital Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Phelps Memorial Hospital Association demonstrates consistent financial growth and appears to maintain a healthy financial position. Over the past decade, the organization's revenue has steadily increased from $224.7 million in 2014 to $419.9 million in 2023, with assets growing from $230 million to $546.7 million in the same period. This sustained growth indicates effective management and a strong operational base. The organization consistently reports expenses significantly lower than its revenue, leading to positive net income each year, which contributes to asset accumulation and financial stability. For instance, in 2023, revenue was $419.9 million against expenses of $377.2 million, resulting in a surplus of over $42 million.

The provided data indicates that the organization has reported 0% officer compensation across all available filings, which is highly unusual for an organization of this size and suggests that executive compensation might be reported under different categories or that the 990 data provided is incomplete regarding this specific detail. This lack of explicit officer compensation data on the 990s could be a point of concern for transparency, as it makes it difficult to assess executive pay practices. However, the consistent positive financial performance and asset growth suggest efficient overall financial management, even without a clear breakdown of executive salaries.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Phelps Memorial Hospital Association with a Mission Score of 80 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Phelps Memorial Hospital Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 an organization with annual revenues exceeding $400 million. This suggests that executive compensation may be reported under other expense categories or is not fully disclosed in the provided summary data, impacting transparency regarding leadership remuneration.

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 Phelps Memorial Hospital Association's IRS 990 filings:

Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and may indicate a lack of transparency in executive pay disclosure.

Strengths

The following positive indicators were identified for Phelps Memorial Hospital Association:

Consistent and significant revenue growth over the past decade, from $224.7 million in 2014 to $419.9 million in 2023.
Positive net income reported in every filing period, indicating strong financial management and operational efficiency.
Substantial growth in assets, from $230 million in 2014 to $546.7 million in 2023, enhancing long-term financial stability.
Healthy asset-to-liability ratio, with assets consistently much higher than liabilities, indicating a strong financial position.

Frequently Asked Questions about Phelps Memorial Hospital Association

How does Phelps Memorial Hospital Association manage to report 0% officer compensation across all filings?

The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests that executive salaries might be categorized differently within the expense structure, potentially under 'salaries and wages' without specific officer designation, or that the provided summary data for officer compensation is incomplete. Further investigation into the full 990 forms would be necessary to understand this reporting practice.

What is the primary driver of Phelps Memorial Hospital Association's significant revenue growth?

While the specific drivers are not detailed in the provided financial summary, the consistent increase in revenue from $224.7 million in 2014 to $419.9 million in 2023 suggests a combination of factors such as increased patient volume, expansion of services, effective billing practices, and potentially favorable reimbursement rates within the healthcare sector.

Is Phelps Memorial Hospital Association financially stable?

Yes, the organization appears financially stable. It has consistently generated more revenue than expenses, leading to a positive net income each year. Assets have grown significantly from $230 million in 2014 to $546.7 million in 2023, indicating a strong balance sheet and capacity for future operations.

Filing History

IRS 990 filing history for Phelps Memorial Hospital Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Phelps Memorial Hospital Association's revenue has grown by 106%, moving from $203.9M to $419.9M. Total assets increased by 195.9% over the same period, from $184.8M to $546.8M. Total functional expenses rose by 94.3%, from $194.1M to $377.3M. In its most recent filing year (2023), Phelps Memorial Hospital Association reported a surplus of $42.7M, with revenue exceeding expenses. The organization holds $106.2M in liabilities against $546.8M in assets (debt-to-asset ratio: 19.4%), resulting in net assets of $440.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$419.9M	$377.3M	$546.8M	$106.2M	—	—
2022	$403.0M	$372.5M	$478.9M	$103.7M	—	View 990
2021	$392.6M	$357.4M	$493.3M	$123.6M	—	View 990
2020	$330.3M	$319.7M	$469.7M	$132.4M	—	View 990
2019	$306.6M	$288.1M	$432.5M	$92.8M	—	View 990
2018	$294.3M	$239.5M	$369.3M	$91.1M	—	View 990
2017	$257.9M	$231.3M	$312.8M	$90.7M	—	View 990
2016	$237.5M	$220.3M	$269.9M	$90.5M	—	View 990
2015	$228.5M	$224.0M	$248.3M	$88.6M	—	View 990
2014	$224.8M	$212.7M	$230.1M	$96.6M	—	View 990
2013	$227.9M	$216.6M	$215.5M	$84.4M	—	View 990
2012	$217.4M	$206.1M	$187.8M	$69.1M	—	View 990
2011	$203.9M	$194.1M	$184.8M	$78.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $419.9M, expenses of $377.3M, and assets of $546.8M (revenue +4.2% year-over-year).
2022: Revenue of $403.0M, expenses of $372.5M, and assets of $478.9M (revenue +2.6% year-over-year).
2021: Revenue of $392.6M, expenses of $357.4M, and assets of $493.3M (revenue +18.9% year-over-year).
2020: Revenue of $330.3M, expenses of $319.7M, and assets of $469.7M (revenue +7.7% year-over-year).
2019: Revenue of $306.6M, expenses of $288.1M, and assets of $432.5M (revenue +4.2% year-over-year).
2018: Revenue of $294.3M, expenses of $239.5M, and assets of $369.3M (revenue +14.1% year-over-year).
2017: Revenue of $257.9M, expenses of $231.3M, and assets of $312.8M (revenue +8.6% year-over-year).
2016: Revenue of $237.5M, expenses of $220.3M, and assets of $269.9M (revenue +4.0% year-over-year).
2015: Revenue of $228.5M, expenses of $224.0M, and assets of $248.3M (revenue +1.6% year-over-year).
2014: Revenue of $224.8M, expenses of $212.7M, and assets of $230.1M (revenue -1.4% year-over-year).
2013: Revenue of $227.9M, expenses of $216.6M, and assets of $215.5M (revenue +4.8% year-over-year).
2012: Revenue of $217.4M, expenses of $206.1M, and assets of $187.8M (revenue +6.7% year-over-year).
2011: Revenue of $203.9M, expenses of $194.1M, and assets of $184.8M.

Data Sources and Methodology

This transparency report for Phelps Memorial Hospital Association 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.