Rome Hospital Foundation Inc
Rome Hospital Foundation Inc. shows robust financial growth and low expenses, accumulating significant assets.
EIN: 161364515 · Rome, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| Net Assets | $13.1M |
| Transparency Score | 90/100 |
Is Rome Hospital Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rome Hospital Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rome Hospital Foundation Inc
Rome Hospital Foundation Inc (EIN: 161364515) is a nonprofit organization based in Rome, NY. The organization reported total revenue of $2.5M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rome Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rome Hospital Foundation Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$5.2M |
| Total Assets | $13.5M |
| Total Liabilities | $358K |
| Net Assets | $13.1M |
| Operating Margin | 77.1% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 103.9 months |
Financial Health Grade: A
In 2023, Rome Hospital Foundation Inc reported a surplus of $5.2M with revenue exceeding expenses, holds 103.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rome Hospital Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.1% | +36.7% | +69.6% |
| 2022 | +60.2% | +247.0% | +71.5% |
| 2021 | +948.6% | -28.7% | +131.3% |
| 2020 | -29.2% | -23.2% | -10.1% |
| 2019 | -74.9% | +150.1% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Rome Hospital Foundation Inc with a Mission Score of 90 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, Rome Hospital Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence and resource allocation.
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 Rome Hospital Foundation Inc's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Rome Hospital Foundation Inc:
- Exceptional revenue growth, from $273,203 in 2020 to $6,798,721 in 2023.
- Strong asset accumulation, growing from $2,006,601 in 2020 to $13,493,838 in 2023.
- Very low expense ratio relative to revenue, indicating high operational efficiency (e.g., 23% in 2023, 11% in 2021).
- No reported officer compensation, suggesting a volunteer-driven leadership or highly efficient administrative cost structure.
- Consistent financial surpluses, with revenue significantly exceeding expenses in recent years.
Frequently Asked Questions about Rome Hospital Foundation Inc
Is Rome Hospital Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rome Hospital Foundation Inc (EIN: 161364515) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Rome Hospital Foundation Inc spend its money?
Rome Hospital Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rome Hospital Foundation Inc tax-deductible?
Rome Hospital Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161364515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rome Hospital Foundation Inc's spending goes to programs?
Rome Hospital Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Rome Hospital Foundation Inc located?
Rome Hospital Foundation Inc is headquartered in Rome, New York and files with the IRS under EIN 161364515.
How many years of IRS 990 filings does Rome Hospital Foundation Inc have?
Rome Hospital Foundation 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. The most recent filing shows $2.5M in total revenue.
Is Rome Hospital Foundation Inc. a good charity?
Based on its financial data, Rome Hospital Foundation Inc. appears to be a very good charity. It consistently generates significant revenue, maintains low expenses relative to its income, and has a rapidly growing asset base, indicating strong financial health and efficient operations. The lack of reported officer compensation is also a positive indicator of its commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has surged from $273,203 in 2020 to $6,798,721 in 2023, and assets have grown from $2,006,601 to $13,493,838 in the same period. This demonstrates remarkable growth and financial stability.
What is the organization's spending efficiency?
The organization exhibits high spending efficiency. For example, in 2023, expenses were $1,558,255 against revenues of $6,798,721, meaning only about 23% of its revenue was spent. In 2021, expenses were even lower at 11% of revenue. This suggests a significant portion of funds are either directly supporting programs or being prudently saved/invested.
Does the organization pay its executives?
According to the available IRS 990 filings, Rome Hospital Foundation Inc. reports 0% officer compensation for all periods, suggesting that its top leadership is not compensated through traditional officer salaries or that compensation is structured differently and not reported in this category.
Filing History
IRS 990 filing history for Rome Hospital Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rome Hospital Foundation Inc's revenue has grown by 1708.7%, moving from $376K to $6.8M. Total assets increased by 1243.5% over the same period, from $1.0M to $13.5M. Total functional expenses rose by 190.5%, from $536K to $1.6M. In its most recent filing year (2023), Rome Hospital Foundation Inc reported a surplus of $5.2M, with revenue exceeding expenses. The organization holds $358K in liabilities against $13.5M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $13.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $1.6M | $13.5M | $358K | — | — |
| 2022 | $4.6M | $1.1M | $8.0M | $63K | — | View 990 |
| 2021 | $2.9M | $328K | $4.6M | $185K | — | View 990 |
| 2020 | $273K | $460K | $2.0M | $89K | — | View 990 |
| 2019 | $386K | $599K | $2.2M | $127K | — | View 990 |
| 2018 | $1.5M | $240K | $2.4M | $105K | — | View 990 |
| 2017 | $500K | $384K | $1.1M | $81K | — | View 990 |
| 2016 | $444K | $359K | $980K | $75K | — | View 990 |
| 2015 | $871K | $808K | $891K | $64K | — | View 990 |
| 2014 | $409K | $661K | $854K | $95K | — | View 990 |
| 2013 | $447K | $418K | $1.1M | $120K | — | View 990 |
| 2012 | $562K | $304K | $1.2M | $205K | — | View 990 |
| 2011 | $376K | $536K | $1.0M | $297K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $1.6M, and assets of $13.5M (revenue +48.1% year-over-year).
- 2022: Revenue of $4.6M, expenses of $1.1M, and assets of $8.0M (revenue +60.2% year-over-year).
- 2021: Revenue of $2.9M, expenses of $328K, and assets of $4.6M (revenue +948.6% year-over-year).
- 2020: Revenue of $273K, expenses of $460K, and assets of $2.0M (revenue -29.2% year-over-year).
- 2019: Revenue of $386K, expenses of $599K, and assets of $2.2M (revenue -74.9% year-over-year).
- 2018: Revenue of $1.5M, expenses of $240K, and assets of $2.4M (revenue +207.3% year-over-year).
- 2017: Revenue of $500K, expenses of $384K, and assets of $1.1M (revenue +12.6% year-over-year).
- 2016: Revenue of $444K, expenses of $359K, and assets of $980K (revenue -49.0% year-over-year).
- 2015: Revenue of $871K, expenses of $808K, and assets of $891K (revenue +112.9% year-over-year).
- 2014: Revenue of $409K, expenses of $661K, and assets of $854K (revenue -8.5% year-over-year).
- 2013: Revenue of $447K, expenses of $418K, and assets of $1.1M (revenue -20.5% year-over-year).
- 2012: Revenue of $562K, expenses of $304K, and assets of $1.2M (revenue +49.6% year-over-year).
- 2011: Revenue of $376K, expenses of $536K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rome Hospital Foundation Inc:
Data Sources and Methodology
This transparency report for Rome Hospital Foundation 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.