Redington Memorial Hospital Association
Redington Memorial Hospital Association consistently generates surpluses and grows assets with minimal liabilities.
EIN: 10211548 · Skowhegan, ME · NTEE: E22I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.9M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $37.0M |
| Transparency Score | 88/100 |
Is Redington Memorial Hospital Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Redington Memorial Hospital Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Redington Memorial Hospital Association
Redington Memorial Hospital Association (EIN: 10211548) is a nonprofit organization based in Skowhegan, ME, classified under NTEE code E22I. The organization reported total revenue of $18.9M and total assets of $39.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Redington Memorial Hospital Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Redington Memorial Hospital Association is a large nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 26.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $37.0M |
| Total Liabilities | $6K |
| Net Assets | $37.0M |
| Operating Margin | 54.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 404.2 months |
Financial Health Grade: A
In 2024, Redington Memorial Hospital Association reported a surplus of $1.3M with revenue exceeding expenses, holds 404.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Redington Memorial Hospital Association's revenue has grown at a compound annual growth rate (CAGR) of 26.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +51.4% | +22.1% | +9.7% |
| 2023 | -37.2% | -18.8% | +4.6% |
| 2022 | +5.2% | +31.7% | -9.3% |
| 2021 | +242.4% | -11.0% | +23.2% |
| 2020 | -63.5% | +11.4% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Redington Memorial Hospital Association with a Mission Score of 88 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, Redington 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all reported periods, suggesting that executive compensation is either not a direct expense or is not reported in this specific section of the 990 filings, which warrants further investigation for complete transparency.
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 Redington Memorial Hospital Association's IRS 990 filings:
- Lack of detailed officer compensation information in provided data.
Strengths
The following positive indicators were identified for Redington Memorial Hospital Association:
- Consistent financial surpluses across multiple years.
- Steady growth in assets, from $28M in 2015 to $36M in 2024.
- Very low liabilities relative to assets, indicating strong financial health.
- Revenue consistently exceeds expenses, demonstrating effective financial management.
Frequently Asked Questions about Redington Memorial Hospital Association
Is Redington Memorial Hospital Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Redington Memorial Hospital Association (EIN: 10211548) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Redington Memorial Hospital Association spend its money?
Redington Memorial Hospital Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Redington Memorial Hospital Association tax-deductible?
Redington Memorial Hospital Association is registered as a tax-exempt nonprofit (EIN: 10211548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Redington Memorial Hospital Association's spending goes to programs?
Redington Memorial Hospital Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Redington Memorial Hospital Association compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Redington Memorial Hospital Association is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Redington Memorial Hospital Association located?
Redington Memorial Hospital Association is headquartered in Skowhegan, Maine and files with the IRS under EIN 10211548. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Redington Memorial Hospital Association have?
Redington Memorial Hospital Association has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $18.9M in total revenue.
Is Redington Memorial Hospital Association a good charity?
Based on the financial data, Redington Memorial Hospital Association appears to be a financially sound organization with consistent surpluses and growing assets, indicating good stewardship of funds. The low liabilities are also a positive indicator.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $28,042,632 in 201506 to $36,970,614 in 202406, demonstrating financial growth and stability.
How does the organization's revenue compare to its expenses?
In almost all reported periods, the organization's revenue significantly exceeds its expenses, indicating strong financial management and the ability to generate surpluses. For example, in 202406, revenue was $2,385,577 against expenses of $1,097,611.
What is the significance of 0% officer compensation?
A 0% officer compensation reported in the filings could mean that officers are not compensated, or their compensation is reported under a different expense category, or the provided data is a summary that omits this detail. It's an area for further inquiry to fully understand executive remuneration practices.
Filing History
IRS 990 filing history for Redington Memorial Hospital Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Redington Memorial Hospital Association's revenue has grown by 1934.3%, moving from $117K to $2.4M. Total assets increased by 34.2% over the same period, from $27.5M to $37.0M. Total functional expenses fell by 65.3%, from $3.2M to $1.1M. In its most recent filing year (2024), Redington Memorial Hospital Association reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $6K in liabilities against $37.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $37.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.4M | $1.1M | $37.0M | $6K | — | View 990 |
| 2023 | $1.6M | $899K | $33.7M | $6K | — | View 990 |
| 2022 | $2.5M | $1.1M | $32.2M | $6K | — | View 990 |
| 2021 | $2.4M | $840K | $35.6M | $9K | — | View 990 |
| 2020 | $696K | $944K | $28.9M | $6K | — | View 990 |
| 2019 | $1.9M | $848K | $30.3M | $6K | — | View 990 |
| 2018 | $1.7M | $694K | $29.7M | $8K | — | View 990 |
| 2017 | $1.4M | $654K | $29.0M | $6K | — | View 990 |
| 2016 | $1.7M | $1.0M | $26.7M | $6K | — | View 990 |
| 2015 | $2.2M | $699K | $28.0M | $6K | — | View 990 |
| 2014 | $1.7M | $174K | $28.2M | $7K | — | View 990 |
| 2013 | $1.3M | $216K | $25.6M | $7K | — | View 990 |
| 2012 | $659K | $137K | $25.8M | $2.4M | — | View 990 |
| 2011 | $117K | $3.2M | $27.5M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.4M, expenses of $1.1M, and assets of $37.0M (revenue +51.4% year-over-year).
- 2023: Revenue of $1.6M, expenses of $899K, and assets of $33.7M (revenue -37.2% year-over-year).
- 2022: Revenue of $2.5M, expenses of $1.1M, and assets of $32.2M (revenue +5.2% year-over-year).
- 2021: Revenue of $2.4M, expenses of $840K, and assets of $35.6M (revenue +242.4% year-over-year).
- 2020: Revenue of $696K, expenses of $944K, and assets of $28.9M (revenue -63.5% year-over-year).
- 2019: Revenue of $1.9M, expenses of $848K, and assets of $30.3M (revenue +14.2% year-over-year).
- 2018: Revenue of $1.7M, expenses of $694K, and assets of $29.7M (revenue +22.3% year-over-year).
- 2017: Revenue of $1.4M, expenses of $654K, and assets of $29.0M (revenue -21.3% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.0M, and assets of $26.7M (revenue -19.7% year-over-year).
- 2015: Revenue of $2.2M, expenses of $699K, and assets of $28.0M (revenue +27.8% year-over-year).
- 2014: Revenue of $1.7M, expenses of $174K, and assets of $28.2M (revenue +31.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $216K, and assets of $25.6M (revenue +95.1% year-over-year).
- 2012: Revenue of $659K, expenses of $137K, and assets of $25.8M (revenue +461.6% year-over-year).
- 2011: Revenue of $117K, expenses of $3.2M, and assets of $27.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Redington Memorial Hospital Association:
Data Sources and Methodology
This transparency report for Redington 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.