The New London Hospital Association Inc
New London Hospital Association shows consistent revenue growth and positive net income, with no officer compensation reported in filings.
EIN: 20222171 · New London, NH · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $100.2M |
| Total Expenses | $86.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $94 |
| Net Assets | $63.1M |
| Transparency Score | 85/100 |
Is The New London Hospital Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The New London Hospital Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The New London Hospital Association Inc
The New London Hospital Association Inc (EIN: 20222171) is a nonprofit organization based in New London, NH, classified under NTEE code E220. The organization reported total revenue of $100.2M and total assets of $127.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The New London Hospital Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The New London Hospital Association Inc is a major nonprofit that has been operating for 72 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94.5M |
| Total Expenses | $86.7M |
| Surplus / Deficit | +$7.8M |
| Total Assets | $118.2M |
| Total Liabilities | $55.1M |
| Net Assets | $63.1M |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 46.6% |
| Months of Reserves | 16.4 months |
Financial Health Grade: A
In 2023, The New London Hospital Association Inc reported a surplus of $7.8M with revenue exceeding expenses, holds 16.4 months of operating reserves (strong position), has a debt-to-asset ratio of 46.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The New London Hospital Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | +9.3% | +3.0% |
| 2022 | +30.4% | +10.2% | +0.5% |
| 2021 | +2.7% | +8.2% | +9.0% |
| 2020 | -1.1% | +3.9% | +18.3% |
| 2019 | +1.0% | -2.1% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1954 |
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 The New London Hospital Association Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The New London Hospital Association Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $7.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.6%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation across all periods, which is highly unusual for an organization with revenues exceeding $94 million. This suggests that executive compensation may be reported under different categories or is structured in a way not captured by this specific metric, requiring further investigation for a complete understanding.
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 The New London Hospital Association Inc's IRS 990 filings:
- Unexplained 0% officer compensation for a large organization
- Lack of detailed breakdown for program vs. administrative vs. fundraising expenses in provided data
Strengths
The following positive indicators were identified for The New London Hospital Association Inc:
- Consistent revenue growth over multiple periods (e.g., $67.1M in 202106 to $94.5M in 202306)
- Positive net income in most recent periods (e.g., $7.8M in 202306, $8.2M in 202206)
- Growing asset base, indicating increasing financial capacity ($114.1M in 202106 to $118.2M in 202306)
- Healthy asset-to-liability ratio, suggesting good solvency
Frequently Asked Questions about The New London Hospital Association Inc
Is The New London Hospital Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The New London Hospital Association Inc (EIN: 20222171) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does The New London Hospital Association Inc spend its money?
The New London Hospital Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The New London Hospital Association Inc tax-deductible?
The New London Hospital Association Inc is registered as a tax-exempt nonprofit (EIN: 20222171). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The New London Hospital Association Inc CEO make?
The New London Hospital Association Inc's highest-compensated officer earns $94 annually. The organization reported $100.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The New London Hospital Association Inc's spending goes to programs?
The New London Hospital Association Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The New London Hospital Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The New London Hospital Association Inc 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 The New London Hospital Association Inc located?
The New London Hospital Association Inc is headquartered in New London, New Hampshire and files with the IRS under EIN 20222171. It is classified under NTEE code E220.
How many years of IRS 990 filings does The New London Hospital Association Inc have?
The New London Hospital Association 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 $100.2M in total revenue.
How is executive compensation structured and reported if officer compensation is consistently 0%?
The consistent reporting of 0% for officer compensation across all available filings for an organization of this size ($94.5M revenue in 202306) is highly unusual. It suggests that executive compensation might be reported under different expense categories, paid by a related entity, or structured in a way that doesn't appear in the 'Officer Comp' field of the provided data. Further review of the full 990 forms, specifically Part VII, Section A, would be necessary to understand how key employee compensation is handled.
What is the primary driver of the significant revenue growth observed in recent years?
The New London Hospital Association Inc. has seen substantial revenue growth, from $67,135,747 in 202106 to $94,507,808 in 202306. This growth could be attributed to increased patient volume, expansion of services, changes in reimbursement rates, or strategic acquisitions. A deeper dive into the organization's operational reports would clarify the specific factors contributing to this positive trend.
What is the organization's long-term strategy for managing its liabilities, which have fluctuated?
Liabilities have shown some fluctuation, for example, decreasing from $69,114,513 in 202106 to $55,098,076 in 202306. While the recent decrease is positive, understanding the nature of these liabilities (e.g., bonds, accounts payable, deferred revenue) and the organization's strategy for managing them is important for assessing long-term financial stability.
Filing History
IRS 990 filing history for The New London Hospital Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The New London Hospital Association Inc's revenue has grown by 62.7%, moving from $58.1M to $94.5M. Total assets increased by 103.9% over the same period, from $58.0M to $118.2M. Total functional expenses rose by 48.6%, from $58.3M to $86.7M. In its most recent filing year (2023), The New London Hospital Association Inc reported a surplus of $7.8M, with revenue exceeding expenses. The organization holds $55.1M in liabilities against $118.2M in assets (debt-to-asset ratio: 46.6%), resulting in net assets of $63.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94.5M | $86.7M | $118.2M | $55.1M | — | — |
| 2022 | $87.6M | $79.3M | $114.7M | $61.0M | — | View 990 |
| 2021 | $67.1M | $72.0M | $114.1M | $69.1M | — | View 990 |
| 2020 | $65.4M | $66.5M | $104.7M | $63.8M | — | View 990 |
| 2019 | $66.1M | $64.0M | $88.5M | $48.4M | — | View 990 |
| 2018 | $65.5M | $65.4M | $87.3M | $49.8M | — | View 990 |
| 2017 | $62.0M | $64.3M | $84.1M | $47.1M | — | View 990 |
| 2016 | $65.0M | $65.1M | $78.8M | $41.9M | — | View 990 |
| 2015 | $64.1M | $60.1M | $74.8M | $36.3M | — | View 990 |
| 2014 | $45.2M | $44.7M | $71.2M | $34.5M | — | View 990 |
| 2013 | $55.5M | $57.0M | $61.1M | $31.8M | — | View 990 |
| 2012 | $60.9M | $57.8M | $62.1M | $33.4M | — | View 990 |
| 2011 | $58.1M | $58.3M | $58.0M | $33.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94.5M, expenses of $86.7M, and assets of $118.2M (revenue +7.9% year-over-year).
- 2022: Revenue of $87.6M, expenses of $79.3M, and assets of $114.7M (revenue +30.4% year-over-year).
- 2021: Revenue of $67.1M, expenses of $72.0M, and assets of $114.1M (revenue +2.7% year-over-year).
- 2020: Revenue of $65.4M, expenses of $66.5M, and assets of $104.7M (revenue -1.1% year-over-year).
- 2019: Revenue of $66.1M, expenses of $64.0M, and assets of $88.5M (revenue +1.0% year-over-year).
- 2018: Revenue of $65.5M, expenses of $65.4M, and assets of $87.3M (revenue +5.7% year-over-year).
- 2017: Revenue of $62.0M, expenses of $64.3M, and assets of $84.1M (revenue -4.7% year-over-year).
- 2016: Revenue of $65.0M, expenses of $65.1M, and assets of $78.8M (revenue +1.4% year-over-year).
- 2015: Revenue of $64.1M, expenses of $60.1M, and assets of $74.8M (revenue +41.7% year-over-year).
- 2014: Revenue of $45.2M, expenses of $44.7M, and assets of $71.2M (revenue -18.4% year-over-year).
- 2013: Revenue of $55.5M, expenses of $57.0M, and assets of $61.1M (revenue -9.0% year-over-year).
- 2012: Revenue of $60.9M, expenses of $57.8M, and assets of $62.1M (revenue +4.9% year-over-year).
- 2011: Revenue of $58.1M, expenses of $58.3M, and assets of $58.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The New London Hospital Association Inc:
Data Sources and Methodology
This transparency report for The New London Hospital Association 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.