Shore Memorial Hospital
Shore Memorial Hospital consistently generates surpluses and shows steady asset growth over the past decade.
EIN: 210660835 · Somers Point, NJ · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $268.0M |
| Total Expenses | $214.4M |
| Program Spending | 85% |
| Net Assets | $273.6M |
| Transparency Score | 80/100 |
Is Shore Memorial Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shore Memorial Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shore Memorial Hospital
Shore Memorial Hospital (EIN: 210660835) is a nonprofit organization based in Somers Point, NJ, classified under NTEE code E220. The organization reported total revenue of $268.0M and total assets of $370.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shore Memorial Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shore Memorial 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 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $242.1M |
| Total Expenses | $214.4M |
| Surplus / Deficit | +$27.7M |
| Total Assets | $330.8M |
| Total Liabilities | $57.2M |
| Net Assets | $273.6M |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 17.3% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2023, Shore Memorial Hospital reported a surplus of $27.7M with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 17.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shore Memorial Hospital's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | +2.5% | -1.2% |
| 2022 | +10.1% | +5.5% | -0.3% |
| 2021 | +19.5% | +14.1% | +10.1% |
| 2020 | -1.6% | -4.1% | +10.4% |
| 2019 | +4.5% | +2.9% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Shore Memorial Hospital with a Mission Score of 80 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, Shore Memorial 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 $27.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.3%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all reported periods. This suggests that executive compensation may be reported under different categories within the full IRS 990 filing or through a related entity, requiring further investigation for a complete understanding of remuneration practices.
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 Shore Memorial Hospital's IRS 990 filings:
- Lack of reported officer compensation in summary data, requiring further investigation for transparency.
Strengths
The following positive indicators were identified for Shore Memorial Hospital:
- Consistent revenue growth, from $187.9M in 2014 to $242.0M in 2023.
- Consistent operating surpluses, indicating sound financial management (e.g., $27.7M surplus in 2023).
- Healthy asset growth, increasing from $264.6M in 2014 to $330.7M in 2023.
- Strong financial health with assets significantly exceeding liabilities (e.g., $330.7M assets vs. $57.1M liabilities in 2023).
- Consistent IRS 990 filing history, indicating compliance and transparency.
Frequently Asked Questions about Shore Memorial Hospital
Is Shore Memorial Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Shore Memorial Hospital (EIN: 210660835) some concerns. Mission Score: 80/100. 1 red flag identified, 5 strengths noted.
How does Shore Memorial Hospital spend its money?
Shore Memorial Hospital directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shore Memorial Hospital tax-deductible?
Shore Memorial Hospital is registered as a tax-exempt nonprofit (EIN: 210660835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shore Memorial Hospital's spending goes to programs?
Shore Memorial Hospital directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shore Memorial Hospital compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Shore Memorial Hospital is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shore Memorial Hospital located?
Shore Memorial Hospital is headquartered in Somers Point, New Jersey and files with the IRS under EIN 210660835. It is classified under NTEE code E220.
How many years of IRS 990 filings does Shore Memorial Hospital have?
Shore Memorial Hospital 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 $268.0M in total revenue.
How is executive compensation structured if 0% is reported for officers?
The provided summary data indicates 0% officer compensation. This suggests that executive compensation might be reported under different expense categories within the full IRS 990 form, or executives may be compensated by a related entity. A review of the full 990 would clarify this.
What is the specific breakdown of program service expenses?
While the overall financial health is strong, the summary data does not provide a detailed breakdown of program service expenses. A deeper dive into the full IRS 990 would be needed to understand how funds are allocated across different healthcare services.
What is the organization's strategy for managing its liabilities, which have fluctuated significantly?
Liabilities have shown considerable fluctuation, from $211.3 million in 2014 to $57.1 million in 2023, after peaking at $212.4 million in 2015. Understanding the drivers behind these changes and the organization's liability management strategy would provide further insight into financial stability.
Filing History
IRS 990 filing history for Shore Memorial Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shore Memorial Hospital's revenue has grown by 14%, moving from $212.4M to $242.1M. Total assets increased by 12.2% over the same period, from $294.8M to $330.8M. Total functional expenses rose by 5.6%, from $203.0M to $214.4M. In its most recent filing year (2023), Shore Memorial Hospital reported a surplus of $27.7M, with revenue exceeding expenses. The organization holds $57.2M in liabilities against $330.8M in assets (debt-to-asset ratio: 17.3%), resulting in net assets of $273.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $242.1M | $214.4M | $330.8M | $57.2M | — | View 990 |
| 2022 | $259.3M | $209.2M | $334.9M | $102.5M | — | View 990 |
| 2021 | $235.6M | $198.4M | $335.8M | $157.6M | — | View 990 |
| 2020 | $197.1M | $173.8M | $305.0M | $195.2M | — | View 990 |
| 2019 | $200.2M | $181.2M | $276.3M | $180.5M | — | View 990 |
| 2018 | $191.7M | $176.1M | $270.4M | $184.8M | — | View 990 |
| 2017 | $189.2M | $175.6M | $268.0M | $197.0M | — | View 990 |
| 2016 | $173.2M | $172.8M | $258.6M | $201.3M | — | View 990 |
| 2015 | $182.9M | $180.0M | $272.0M | $212.5M | — | View 990 |
| 2014 | $187.9M | $188.6M | $264.6M | $211.4M | — | View 990 |
| 2013 | $203.8M | $207.7M | $267.2M | $186.0M | — | View 990 |
| 2012 | $212.8M | $214.0M | $288.3M | $247.3M | — | View 990 |
| 2011 | $212.4M | $203.0M | $294.8M | $261.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $242.1M, expenses of $214.4M, and assets of $330.8M (revenue -6.7% year-over-year).
- 2022: Revenue of $259.3M, expenses of $209.2M, and assets of $334.9M (revenue +10.1% year-over-year).
- 2021: Revenue of $235.6M, expenses of $198.4M, and assets of $335.8M (revenue +19.5% year-over-year).
- 2020: Revenue of $197.1M, expenses of $173.8M, and assets of $305.0M (revenue -1.6% year-over-year).
- 2019: Revenue of $200.2M, expenses of $181.2M, and assets of $276.3M (revenue +4.5% year-over-year).
- 2018: Revenue of $191.7M, expenses of $176.1M, and assets of $270.4M (revenue +1.3% year-over-year).
- 2017: Revenue of $189.2M, expenses of $175.6M, and assets of $268.0M (revenue +9.2% year-over-year).
- 2016: Revenue of $173.2M, expenses of $172.8M, and assets of $258.6M (revenue -5.3% year-over-year).
- 2015: Revenue of $182.9M, expenses of $180.0M, and assets of $272.0M (revenue -2.7% year-over-year).
- 2014: Revenue of $187.9M, expenses of $188.6M, and assets of $264.6M (revenue -7.8% year-over-year).
- 2013: Revenue of $203.8M, expenses of $207.7M, and assets of $267.2M (revenue -4.2% year-over-year).
- 2012: Revenue of $212.8M, expenses of $214.0M, and assets of $288.3M (revenue +0.2% year-over-year).
- 2011: Revenue of $212.4M, expenses of $203.0M, and assets of $294.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shore Memorial Hospital:
Data Sources and Methodology
This transparency report for Shore Memorial 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.