Richland Memorial Hospital Research And Education Foundation
EIN: 237010028 · Columbia, SC
| Metric | Value |
|---|---|
| Total Expenses | $262K |
| Net Assets | $1.7M |
Is Richland Memorial Hospital Research And Education Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Richland Memorial Hospital Research And Education Foundation
Richland Memorial Hospital Research And Education Foundation (EIN: 237010028) is a nonprofit organization based in Columbia, SC. 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 Richland Memorial Hospital Research And Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richland Memorial Hospital Research And Education Foundation is a small nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -9.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $262K |
| Surplus / Deficit | $-104,973 |
| Total Assets | $1.8M |
| Total Liabilities | $52K |
| Net Assets | $1.7M |
| Operating Margin | -66.7% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 81.5 months |
Financial Health Grade: B
In 2016, Richland Memorial Hospital Research And Education Foundation reported a deficit of $105K with expenses exceeding revenue, holds 81.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2016), Richland Memorial Hospital Research And Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +61.1% | -19.2% | -4.8% |
| 2015 | -11.5% | -29.7% | -10.7% |
| 2014 | -30.1% | +13.5% | -15.0% |
| 2013 | -59.2% | -7.8% | -8.6% |
| 2012 | +49.6% | +59.6% | -3.5% |
AI Analysis Pending
AI enrichment for Richland Memorial Hospital Research And Education Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Richland Memorial Hospital Research And Education Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $105K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
Frequently Asked Questions about Richland Memorial Hospital Research And Education Foundation
Is Richland Memorial Hospital Research And Education Foundation a legitimate charity?
Richland Memorial Hospital Research And Education Foundation (EIN: 237010028) is a registered tax-exempt nonprofit based in South Carolina. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Richland Memorial Hospital Research And Education Foundation spend its money?
Richland Memorial Hospital Research And Education Foundation reported its financials in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Richland Memorial Hospital Research And Education Foundation tax-deductible?
Richland Memorial Hospital Research And Education Foundation is registered as a tax-exempt nonprofit (EIN: 237010028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richland Memorial Hospital Research And Education Foundation located?
Richland Memorial Hospital Research And Education Foundation is headquartered in Columbia, South Carolina and files with the IRS under EIN 237010028.
How many years of IRS 990 filings does Richland Memorial Hospital Research And Education Foundation have?
Richland Memorial Hospital Research And Education Foundation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Richland Memorial Hospital Research And Education Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Richland Memorial Hospital Research And Education Foundation's revenue has declined by 39.2%, moving from $259K to $157K. Total assets decreased by 36.2% over the same period, from $2.8M to $1.8M. Total functional expenses fell by 5.2%, from $277K to $262K. In its most recent filing year (2016), Richland Memorial Hospital Research And Education Foundation reported a deficit of $105K, with expenses exceeding revenue. The organization holds $52K in liabilities against $1.8M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $157K | $262K | $1.8M | $52K | — | — |
| 2015 | $98K | $325K | $1.9M | $37K | — | View 990 |
| 2014 | $110K | $462K | $2.1M | $33K | — | View 990 |
| 2013 | $158K | $407K | $2.5M | $50K | — | View 990 |
| 2012 | $387K | $441K | $2.7M | $32K | — | View 990 |
| 2011 | $259K | $277K | $2.8M | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $157K, expenses of $262K, and assets of $1.8M (revenue +61.1% year-over-year).
- 2015: Revenue of $98K, expenses of $325K, and assets of $1.9M (revenue -11.5% year-over-year).
- 2014: Revenue of $110K, expenses of $462K, and assets of $2.1M (revenue -30.1% year-over-year).
- 2013: Revenue of $158K, expenses of $407K, and assets of $2.5M (revenue -59.2% year-over-year).
- 2012: Revenue of $387K, expenses of $441K, and assets of $2.7M (revenue +49.6% year-over-year).
- 2011: Revenue of $259K, expenses of $277K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richland Memorial Hospital Research And Education Foundation:
Data Sources and Methodology
This transparency report for Richland Memorial Hospital Research And Education Foundation 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.