Rome Memorial Hospital Inc
Rome Memorial Hospital Inc. frequently operates with expenses exceeding revenue, despite substantial and growing assets.
EIN: 161471634 · Rome, NY · NTEE: E22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $160.9M |
| Total Expenses | $118.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $42.2M |
| Transparency Score | 65/100 |
Is Rome Memorial Hospital Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rome Memorial Hospital Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rome Memorial Hospital Inc
Rome Memorial Hospital Inc (EIN: 161471634) is a nonprofit organization based in Rome, NY, classified under NTEE code E22Z. The organization reported total revenue of $160.9M and total assets of $101.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rome Memorial Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rome Memorial Hospital Inc is a major nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $115.1M |
| Total Expenses | $118.9M |
| Surplus / Deficit | $-3,849,500 |
| Total Assets | $82.1M |
| Total Liabilities | $39.9M |
| Net Assets | $42.2M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 48.6% |
| Months of Reserves | 8.3 months |
Financial Health Grade: B
In 2023, Rome Memorial Hospital Inc reported a deficit of $3.8M with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 48.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rome Memorial Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +4.2% | +9.0% |
| 2022 | +7.8% | +18.1% | +3.4% |
| 2021 | +1.9% | +10.1% | +12.3% |
| 2020 | +13.4% | -7.2% | +36.7% |
| 2019 | +4.7% | +2.4% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Memorial Hospital Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Rome Memorial Hospital Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $3.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 48.6%.
Executive Compensation Analysis
The provided data consistently shows 0% for officer compensation across all available filing periods. This is highly unusual for an organization with over $100 million in annual revenue and suggests that executive compensation may be reported elsewhere or is genuinely not paid to officers, which would be a significant point of 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 Rome Memorial Hospital Inc's IRS 990 filings:
- Recurring operational deficits where expenses exceed revenue in multiple years (e.g., 202312, 202212, 201912).
- Consistent reporting of 0% officer compensation, which is atypical for an organization of this scale and warrants further scrutiny.
- Significant increase in liabilities alongside asset growth, which could indicate increased debt burden.
Strengths
The following positive indicators were identified for Rome Memorial Hospital Inc:
- Substantial and growing revenue base, reaching over $160 million in the latest period.
- Significant asset base ($101.8 million latest, $82.1 million in 202312), indicating a strong physical and financial foundation.
- Provides essential healthcare services as indicated by its NTEE code E22Z (General Hospitals).
Frequently Asked Questions about Rome Memorial Hospital Inc
Is Rome Memorial Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rome Memorial Hospital Inc (EIN: 161471634) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Rome Memorial Hospital Inc spend its money?
Rome Memorial Hospital Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rome Memorial Hospital Inc tax-deductible?
Rome Memorial Hospital Inc is registered as a tax-exempt nonprofit (EIN: 161471634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rome Memorial Hospital Inc CEO make?
Rome Memorial Hospital Inc's highest-compensated officer earns $100 annually. The organization reported $160.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rome Memorial Hospital Inc's spending goes to programs?
Rome Memorial Hospital Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rome Memorial Hospital Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Rome Memorial Hospital Inc is above average for NTEE category E22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rome Memorial Hospital Inc located?
Rome Memorial Hospital Inc is headquartered in Rome, New York and files with the IRS under EIN 161471634. It is classified under NTEE code E22Z.
How many years of IRS 990 filings does Rome Memorial Hospital Inc have?
Rome Memorial Hospital 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 $160.9M in total revenue.
Why does Rome Memorial Hospital Inc. consistently report 0% for officer compensation?
The consistent reporting of 0% for officer compensation across all 13 filings is highly unusual for an organization of this size and revenue. It suggests that either executive compensation is not paid to officers, or it is reported under a different category not captured in the 'Officer Comp' metric provided, warranting further investigation into the full 990 forms.
What is the cause of the recurring operational deficits?
The organization has reported expenses exceeding revenue in multiple periods (e.g., $118.9M expenses vs. $115.1M revenue in 202312, and $114.1M expenses vs. $111.5M revenue in 202212). This recurring deficit suggests potential challenges in cost management, revenue generation, or a strategic investment phase, which would require a deeper dive into the detailed expense categories.
How does the organization manage its liabilities, which have grown alongside assets?
Liabilities have increased from $25.2M in 201612 to $39.9M in 202312, while assets also grew significantly. Understanding the nature of these liabilities (e.g., long-term debt, accounts payable) and the organization's strategy for managing them is crucial for assessing long-term financial stability.
Filing History
IRS 990 filing history for Rome Memorial Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rome Memorial Hospital Inc's revenue has grown by 29.4%, moving from $89.0M to $115.1M. Total assets increased by 20.4% over the same period, from $68.2M to $82.1M. Total functional expenses rose by 33.1%, from $89.3M to $118.9M. In its most recent filing year (2023), Rome Memorial Hospital Inc reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $39.9M in liabilities against $82.1M in assets (debt-to-asset ratio: 48.6%), resulting in net assets of $42.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $115.1M | $118.9M | $82.1M | $39.9M | — | — |
| 2022 | $111.5M | $114.1M | $75.3M | $35.3M | — | View 990 |
| 2021 | $103.4M | $96.6M | $72.8M | $32.9M | — | View 990 |
| 2020 | $101.5M | $87.8M | $64.8M | $34.5M | — | — |
| 2019 | $89.5M | $94.6M | $47.4M | $30.8M | — | View 990 |
| 2018 | $85.5M | $92.3M | $50.7M | $28.9M | — | View 990 |
| 2017 | $85.7M | $88.9M | $55.5M | $27.9M | — | View 990 |
| 2016 | $100.3M | $85.5M | $55.6M | $25.2M | — | View 990 |
| 2015 | $84.1M | $84.4M | $51.4M | $36.1M | — | View 990 |
| 2014 | $82.0M | $85.0M | $56.9M | $41.1M | — | View 990 |
| 2013 | $82.1M | $87.9M | $60.9M | $41.8M | — | View 990 |
| 2012 | $92.2M | $91.6M | $67.9M | $43.2M | — | View 990 |
| 2011 | $89.0M | $89.3M | $68.2M | $44.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115.1M, expenses of $118.9M, and assets of $82.1M (revenue +3.3% year-over-year).
- 2022: Revenue of $111.5M, expenses of $114.1M, and assets of $75.3M (revenue +7.8% year-over-year).
- 2021: Revenue of $103.4M, expenses of $96.6M, and assets of $72.8M (revenue +1.9% year-over-year).
- 2020: Revenue of $101.5M, expenses of $87.8M, and assets of $64.8M (revenue +13.4% year-over-year).
- 2019: Revenue of $89.5M, expenses of $94.6M, and assets of $47.4M (revenue +4.7% year-over-year).
- 2018: Revenue of $85.5M, expenses of $92.3M, and assets of $50.7M (revenue -0.2% year-over-year).
- 2017: Revenue of $85.7M, expenses of $88.9M, and assets of $55.5M (revenue -14.5% year-over-year).
- 2016: Revenue of $100.3M, expenses of $85.5M, and assets of $55.6M (revenue +19.3% year-over-year).
- 2015: Revenue of $84.1M, expenses of $84.4M, and assets of $51.4M (revenue +2.5% year-over-year).
- 2014: Revenue of $82.0M, expenses of $85.0M, and assets of $56.9M (revenue -0.1% year-over-year).
- 2013: Revenue of $82.1M, expenses of $87.9M, and assets of $60.9M (revenue -10.9% year-over-year).
- 2012: Revenue of $92.2M, expenses of $91.6M, and assets of $67.9M (revenue +3.7% year-over-year).
- 2011: Revenue of $89.0M, expenses of $89.3M, and assets of $68.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rome Memorial Hospital Inc:
Data Sources and Methodology
This transparency report for Rome Memorial Hospital 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.