St Joseph Hospital

St. Joseph Hospital reports increasing revenues but consistent operating deficits in recent years, with liabilities exceeding assets.

EIN: 113438973 · Bethpage, NY · NTEE: E220 · Updated: 2026-03-28

$183.6MRevenue

$86.7MAssets

65/100Mission Score (Good)

E220

About St Joseph Hospital

St Joseph Hospital (EIN: 113438973) is a nonprofit organization based in Bethpage, NY, classified under NTEE code E220. The organization reported total revenue of $183.6M and total assets of $86.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Joseph Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

St. Joseph Hospital, a large healthcare provider in Bethpage, NY, demonstrates a consistent operational history with revenues steadily increasing over the past decade, reaching $162.5 million in 2023. However, the organization has reported operating deficits in recent years, with expenses exceeding revenue by $21 million in 2023 and $11.7 million in 2022. This trend suggests a need for closer examination of cost management or revenue diversification strategies to ensure long-term financial stability. Despite these deficits, the organization maintains substantial assets, totaling $83.9 million in 2023, indicating a solid asset base.

The organization's transparency regarding executive compensation is notable, with 0% reported officer compensation across all available filings. This suggests that executive salaries are either not reported in this section of the 990 or are covered under other expense categories, which could warrant further clarification for complete transparency. The consistent reporting of liabilities exceeding assets in recent years, such as $109.4 million in liabilities against $83.9 million in assets in 2023, is a significant financial indicator that requires attention, as it points to a potentially challenging financial position.

Overall, St. Joseph Hospital appears to be a well-established entity with a long operational history. While its revenue growth is positive, the recent operating deficits and the asset-to-liability ratio raise questions about its financial efficiency and sustainability. The lack of reported officer compensation directly on the 990, while not necessarily a red flag, does limit a full understanding of executive remuneration practices.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates St Joseph Hospital 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, St Joseph 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

St. Joseph Hospital consistently reports 0% officer compensation on its IRS 990 filings, which suggests executive salaries are either not reported in this section or are minimal, especially for an organization with over $160 million in annual revenue.

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 St Joseph Hospital's IRS 990 filings:

Consistent operating deficits in recent years (e.g., $21M in 2023, $11.7M in 2022).
Liabilities consistently exceeding assets in recent periods (e.g., $109.4M liabilities vs. $83.9M assets in 2023).
0% reported officer compensation for a large organization, which may obscure executive remuneration details.

Strengths

The following positive indicators were identified for St Joseph Hospital:

Consistent revenue growth over the past decade, from $111.8M in 2015 to $162.5M in 2023.
Long operational history with 13 IRS 990 filings, indicating established presence.
Substantial asset base, with assets of $83.9 million in 2023.

Frequently Asked Questions about St Joseph Hospital

Is St. Joseph Hospital financially stable given its recent operating deficits?

While St. Joseph Hospital has substantial assets ($83.9 million in 2023), it has reported operating deficits in 2023 ($21 million) and 2022 ($11.7 million), and its liabilities ($109.4 million in 2023) have exceeded its assets in recent periods, indicating potential financial strain.

Why is officer compensation reported as 0% across all filings?

The consistent reporting of 0% officer compensation on the 990s suggests that executive salaries might be categorized differently or are not reported in the specific section for 'officer compensation' on the form, which could warrant further inquiry for complete transparency.

What is the trend in the organization's net assets?

The organization's net assets have fluctuated, with liabilities exceeding assets in the most recent filings (e.g., $109.4 million in liabilities vs. $83.9 million in assets in 2023), indicating a negative net asset position in recent years.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), St Joseph Hospital's revenue has grown by 58.5%, moving from $102.5M to $162.5M. Total assets increased by 24.2% over the same period, from $67.6M to $84.0M. Total functional expenses rose by 73.7%, from $105.7M to $183.6M. In its most recent filing year (2023), St Joseph Hospital reported a deficit of $21.1M, with expenses exceeding revenue. The organization holds $109.5M in liabilities against $84.0M in assets (debt-to-asset ratio: 130.4%), resulting in net assets of $-25,501,014.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$162.5M	$183.6M	$84.0M	$109.5M	—	—
2022	$155.1M	$166.8M	$78.1M	$82.6M	—	View 990
2021	$150.5M	$149.5M	$79.2M	$71.1M	—	View 990
2020	$148.0M	$145.8M	$91.6M	$83.8M	—	View 990
2019	$140.8M	$136.7M	$74.4M	$67.9M	—	—
2018	$134.3M	$131.5M	$71.0M	$68.0M	—	View 990
2017	$121.5M	$126.7M	$69.6M	$68.7M	—	View 990
2016	$120.5M	$118.7M	$68.0M	$61.8M	—	View 990
2015	$111.8M	$111.1M	$62.0M	$57.6M	—	View 990
2014	$117.1M	$111.7M	$64.0M	$60.3M	—	View 990
2013	$105.7M	$109.9M	$57.7M	$59.4M	—	View 990
2012	$98.7M	$107.7M	$67.4M	$68.1M	—	View 990
2011	$102.5M	$105.7M	$67.6M	$59.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $162.5M, expenses of $183.6M, and assets of $84.0M (revenue +4.8% year-over-year).
2022: Revenue of $155.1M, expenses of $166.8M, and assets of $78.1M (revenue +3.0% year-over-year).
2021: Revenue of $150.5M, expenses of $149.5M, and assets of $79.2M (revenue +1.7% year-over-year).
2020: Revenue of $148.0M, expenses of $145.8M, and assets of $91.6M (revenue +5.1% year-over-year).
2019: Revenue of $140.8M, expenses of $136.7M, and assets of $74.4M (revenue +4.9% year-over-year).
2018: Revenue of $134.3M, expenses of $131.5M, and assets of $71.0M (revenue +10.5% year-over-year).
2017: Revenue of $121.5M, expenses of $126.7M, and assets of $69.6M (revenue +0.9% year-over-year).
2016: Revenue of $120.5M, expenses of $118.7M, and assets of $68.0M (revenue +7.7% year-over-year).
2015: Revenue of $111.8M, expenses of $111.1M, and assets of $62.0M (revenue -4.5% year-over-year).
2014: Revenue of $117.1M, expenses of $111.7M, and assets of $64.0M (revenue +10.8% year-over-year).
2013: Revenue of $105.7M, expenses of $109.9M, and assets of $57.7M (revenue +7.0% year-over-year).
2012: Revenue of $98.7M, expenses of $107.7M, and assets of $67.4M (revenue -3.7% year-over-year).
2011: Revenue of $102.5M, expenses of $105.7M, and assets of $67.6M.

Data Sources and Methodology

This transparency report for St Joseph 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.