Springfield Hospital Inc
EIN: 30179437 · Springfield, VT · NTEE: E220
| Metric | Value |
|---|---|
| Total Revenue | $64.2M |
| Total Expenses | $60.5M |
| Net Assets | $10.6M |
Is Springfield Hospital Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Springfield Hospital Inc
Springfield Hospital Inc (EIN: 30179437) is a nonprofit organization based in Springfield, VT, classified under NTEE code E220. The organization reported total revenue of $64.2M and total assets of $36.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springfield Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Springfield Hospital Inc is a major nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59.8M |
| Total Expenses | $60.5M |
| Surplus / Deficit | $-718,819 |
| Total Assets | $32.9M |
| Total Liabilities | $22.3M |
| Net Assets | $10.6M |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 67.8% |
| Months of Reserves | 6.5 months |
Financial Health Grade: C
In 2023, Springfield Hospital Inc reported a deficit of $719K with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 67.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Springfield Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | +4.3% | +6.8% |
| 2022 | +12.0% | +8.9% | +6.3% |
| 2021 | +15.0% | +1.8% | +3.0% |
| 2020 | -5.0% | -18.3% | +21.1% |
| 2019 | -10.7% | +0.8% | -35.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Springfield Hospital Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Springfield Hospital Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $719K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.8%.
Frequently Asked Questions about Springfield Hospital Inc
Is Springfield Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Springfield Hospital Inc (EIN: 30179437) insufficient data. 0 red flags identified, 0 strengths noted.
How does Springfield Hospital Inc spend its money?
Detailed spending breakdown data is not yet available for Springfield Hospital Inc. Check back for updated IRS 990 analysis.
Are donations to Springfield Hospital Inc tax-deductible?
Springfield Hospital Inc is registered as a tax-exempt nonprofit (EIN: 30179437). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Springfield Hospital Inc located?
Springfield Hospital Inc is headquartered in Springfield, Vermont and files with the IRS under EIN 30179437. It is classified under NTEE code E220.
How many years of IRS 990 filings does Springfield Hospital Inc have?
Springfield 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 $64.2M in total revenue.
Filing History
IRS 990 filing history for Springfield Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Springfield Hospital Inc's revenue has grown by 15.3%, moving from $51.9M to $59.8M. Total assets decreased by 20.1% over the same period, from $41.1M to $32.9M. Total functional expenses rose by 19.9%, from $50.5M to $60.5M. In its most recent filing year (2023), Springfield Hospital Inc reported a deficit of $719K, with expenses exceeding revenue. The organization holds $22.3M in liabilities against $32.9M in assets (debt-to-asset ratio: 67.8%), resulting in net assets of $10.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59.8M | $60.5M | $32.9M | $22.3M | — | — |
| 2022 | $61.4M | $58.1M | $30.8M | $20.1M | — | View 990 |
| 2021 | $54.8M | $53.3M | $28.9M | $23.3M | — | View 990 |
| 2020 | $47.7M | $52.4M | $28.1M | $40.6M | — | — |
| 2019 | $50.2M | $64.1M | $23.2M | $30.2M | — | View 990 |
| 2018 | $56.2M | $63.5M | $35.8M | $26.3M | — | View 990 |
| 2017 | $55.2M | $58.1M | $40.9M | $25.0M | — | View 990 |
| 2016 | $56.1M | $55.7M | $40.2M | $22.5M | — | View 990 |
| 2015 | $58.8M | $56.6M | $39.5M | $22.3M | — | View 990 |
| 2014 | $52.5M | $59.1M | $40.3M | $22.6M | — | View 990 |
| 2013 | $51.2M | $51.6M | $45.1M | $21.4M | — | View 990 |
| 2012 | $53.6M | $52.1M | $43.9M | $22.4M | — | View 990 |
| 2011 | $51.9M | $50.5M | $41.1M | $21.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59.8M, expenses of $60.5M, and assets of $32.9M (revenue -2.6% year-over-year).
- 2022: Revenue of $61.4M, expenses of $58.1M, and assets of $30.8M (revenue +12.0% year-over-year).
- 2021: Revenue of $54.8M, expenses of $53.3M, and assets of $28.9M (revenue +15.0% year-over-year).
- 2020: Revenue of $47.7M, expenses of $52.4M, and assets of $28.1M (revenue -5.0% year-over-year).
- 2019: Revenue of $50.2M, expenses of $64.1M, and assets of $23.2M (revenue -10.7% year-over-year).
- 2018: Revenue of $56.2M, expenses of $63.5M, and assets of $35.8M (revenue +1.9% year-over-year).
- 2017: Revenue of $55.2M, expenses of $58.1M, and assets of $40.9M (revenue -1.7% year-over-year).
- 2016: Revenue of $56.1M, expenses of $55.7M, and assets of $40.2M (revenue -4.5% year-over-year).
- 2015: Revenue of $58.8M, expenses of $56.6M, and assets of $39.5M (revenue +11.9% year-over-year).
- 2014: Revenue of $52.5M, expenses of $59.1M, and assets of $40.3M (revenue +2.6% year-over-year).
- 2013: Revenue of $51.2M, expenses of $51.6M, and assets of $45.1M (revenue -4.5% year-over-year).
- 2012: Revenue of $53.6M, expenses of $52.1M, and assets of $43.9M (revenue +3.2% year-over-year).
- 2011: Revenue of $51.9M, expenses of $50.5M, and assets of $41.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Springfield Hospital Inc:
Data Sources and Methodology
This transparency report for Springfield 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.