Rumford Hospital

Rumford Hospital shows consistent revenue growth and operating surpluses, with no reported officer compensation across 13 filings.

EIN: 10215227 · Rumford, ME · NTEE: E220 · Updated: 2026-03-28

$59.2MRevenue

$20.5MAssets

85/100Mission Score (Excellent)

E220

About Rumford Hospital

Rumford Hospital (EIN: 10215227) is a nonprofit organization based in Rumford, ME, classified under NTEE code E220. The organization reported total revenue of $59.2M and total assets of $20.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rumford Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Rumford Hospital demonstrates a generally stable financial position with consistent revenue growth over the past few years. In the 202306 period, the organization reported revenues of $60,269,642 against expenses of $52,943,470, indicating a healthy operating surplus. This trend of revenue exceeding expenses is largely consistent, with a notable increase in revenue from $43,050,190 in 201906 to over $60 million in 202306. The hospital's assets have fluctuated, reaching a high of $35,581,182 in 202006 before settling at $22,171,837 in 202306, while liabilities have remained manageable relative to assets.

The organization's spending efficiency appears sound, as evidenced by the consistent operating surpluses in recent years. The absence of reported officer compensation across all available filings suggests either that executive compensation is not reported in this specific field or that it is exceptionally low, which could be a positive indicator for resource allocation towards its mission. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to regulatory transparency.

Overall, Rumford Hospital appears to be a financially stable entity with a positive trend in revenue and a history of consistent regulatory compliance. The lack of reported officer compensation is a unique aspect that, if accurate, points to a highly mission-focused approach to resource management. Further detail on expense allocation would enhance the transparency assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Rumford Hospital with a Mission Score of 85 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, Rumford Hospital 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

Across all 13 available IRS 990 filings, Rumford Hospital consistently reports 0% for Officer Compensation, which is highly unusual for an organization of its size with revenues exceeding $60 million. This suggests either that executive compensation is not being reported in the 'Officer Comp' field or that the organization operates with an exceptionally lean executive pay structure, potentially redirecting more funds to its mission.

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 Rumford Hospital's IRS 990 filings:

Unexplained 0% officer compensation across all filings, which is highly atypical for an organization of this scale.
Significant fluctuation in assets without clear explanation in the provided summary data.

Strengths

The following positive indicators were identified for Rumford Hospital:

Consistent revenue growth, increasing from $43,050,190 in 201906 to $60,269,642 in 202306.
Healthy operating surpluses in recent years (e.g., $7,326,172 in 202306).
Long history of IRS 990 filings (13 periods), indicating regulatory compliance.
Stable asset base relative to liabilities, with liabilities remaining manageable.

Frequently Asked Questions about Rumford Hospital

How does Rumford Hospital manage to report 0% officer compensation across all filings?

The consistent reporting of 0% officer compensation is highly unusual for an organization of Rumford Hospital's size. This could indicate that executive compensation is either included within other expense categories, paid by an affiliated entity, or that the hospital genuinely operates with no direct compensation to its officers as reported on the 990, which would be a significant strength in terms of resource allocation.

What is the detailed breakdown of program, administrative, and fundraising expenses?

The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While total expenses are available (e.g., $52,943,470 in 202306), without further information from the full 990 form, it's difficult to precisely determine the efficiency of spending in these categories.

What caused the significant decrease in assets from $35,581,182 in 202006 to $22,171,837 in 202306?

The substantial decrease in assets from 202006 to 202306 could be due to various factors such as asset depreciation, sale of assets, significant capital expenditures that were expensed rather than capitalized, or changes in investment portfolios. A deeper dive into the balance sheet and statement of cash flows from the full 990s would be necessary to pinpoint the exact reasons.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Rumford Hospital's revenue has grown by 52.5%, moving from $39.5M to $60.3M. Total assets decreased by 5.2% over the same period, from $23.4M to $22.2M. Total functional expenses rose by 51.8%, from $34.9M to $52.9M. In its most recent filing year (2023), Rumford Hospital reported a surplus of $7.3M, with revenue exceeding expenses. The organization holds $10.6M in liabilities against $22.2M in assets (debt-to-asset ratio: 47.8%), resulting in net assets of $11.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$60.3M	$52.9M	$22.2M	$10.6M	—	—
2022	$57.8M	$52.5M	$20.4M	$10.0M	—	View 990
2021	$46.1M	$42.2M	$26.0M	$12.8M	—	View 990
2020	$43.7M	$41.3M	$35.6M	$16.5M	—	View 990
2019	$43.1M	$43.9M	$26.8M	$10.5M	—	View 990
2018	$43.3M	$44.7M	$27.0M	$10.0M	—	View 990
2017	$44.9M	$44.8M	$28.5M	$10.2M	—	View 990
2016	$44.0M	$44.9M	$27.8M	$9.8M	—	View 990
2015	$40.3M	$40.6M	$27.9M	$9.1M	—	View 990
2014	$41.0M	$40.4M	$29.0M	$9.7M	—	View 990
2013	$36.4M	$36.7M	$30.4M	$12.0M	—	View 990
2012	$37.7M	$37.9M	$26.2M	$7.5M	—	View 990
2011	$39.5M	$34.9M	$23.4M	$4.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $60.3M, expenses of $52.9M, and assets of $22.2M (revenue +4.2% year-over-year).
2022: Revenue of $57.8M, expenses of $52.5M, and assets of $20.4M (revenue +25.4% year-over-year).
2021: Revenue of $46.1M, expenses of $42.2M, and assets of $26.0M (revenue +5.7% year-over-year).
2020: Revenue of $43.7M, expenses of $41.3M, and assets of $35.6M (revenue +1.4% year-over-year).
2019: Revenue of $43.1M, expenses of $43.9M, and assets of $26.8M (revenue -0.6% year-over-year).
2018: Revenue of $43.3M, expenses of $44.7M, and assets of $27.0M (revenue -3.5% year-over-year).
2017: Revenue of $44.9M, expenses of $44.8M, and assets of $28.5M (revenue +1.9% year-over-year).
2016: Revenue of $44.0M, expenses of $44.9M, and assets of $27.8M (revenue +9.3% year-over-year).
2015: Revenue of $40.3M, expenses of $40.6M, and assets of $27.9M (revenue -1.8% year-over-year).
2014: Revenue of $41.0M, expenses of $40.4M, and assets of $29.0M (revenue +12.6% year-over-year).
2013: Revenue of $36.4M, expenses of $36.7M, and assets of $30.4M (revenue -3.3% year-over-year).
2012: Revenue of $37.7M, expenses of $37.9M, and assets of $26.2M (revenue -4.7% year-over-year).
2011: Revenue of $39.5M, expenses of $34.9M, and assets of $23.4M.

Data Sources and Methodology

This transparency report for Rumford Hospital 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.