Rumford Hospital

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Rumford Hospital Form 990, Revenue, CEO Pay, and IRS Filing Signals

Rumford Hospital is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Rumford Hospital in one place.

Is Rumford Hospital Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Rumford Hospital shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Rumford Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Rumford Hospital is a major nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Rumford Hospital reported a surplus of $7.3M with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 47.8% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Rumford Hospital's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $7.3M, with revenue exceeding expenses.
• Debt-to-asset ratio: 47.8%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Rumford Hospital:

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.