Umass Memorial Health Care Inc
Umass Memorial Health Care Inc. consistently operates at a significant deficit, with expenses exceeding revenue by millions annually.
EIN: 134366504 · Southbridge, MA · NTEE: E21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.1M |
| Total Expenses | $33.4M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $603K |
| Transparency Score | 45/100 |
Is Umass Memorial Health Care Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Umass Memorial Health Care Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Umass Memorial Health Care Inc
Umass Memorial Health Care Inc (EIN: 134366504) is a nonprofit organization based in Southbridge, MA, classified under NTEE code E21. The organization reported total revenue of $24.1M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Umass Memorial Health Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Umass Memorial Health Care Inc is a large nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.1M |
| Total Expenses | $33.4M |
| Surplus / Deficit | $-9,274,694 |
| Total Assets | $5.6M |
| Total Liabilities | $4.9M |
| Net Assets | $603K |
| Operating Margin | -38.5% |
| Debt-to-Asset Ratio | 89.1% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2021, Umass Memorial Health Care Inc reported a deficit of $9.3M with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 89.1% (high leverage).
Financial Trends
Over 10 years of filings (2012–2021), Umass Memorial Health Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +5.6% | -3.5% | +35.4% |
| 2020 | -10.9% | -5.3% | -29.0% |
| 2019 | +3.4% | -0.9% | +6.2% |
| 2018 | +7.7% | +2.5% | -27.1% |
| 2017 | +12.5% | +8.5% | -21.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Umass Memorial Health Care Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Umass Memorial Health Care Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 89.1%.
Executive Compensation Analysis
No officer compensation is reported across all ten filings, which is highly unusual for an organization with annual expenses exceeding $20 million. This lack of disclosure significantly hinders transparency regarding leadership costs and suggests compensation may be handled by a related entity or not reported in the standard section.
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 Umass Memorial Health Care Inc's IRS 990 filings:
- Consistent and significant operating deficits across all ten filing periods (e.g., $9.27 million deficit in 2021).
- No officer compensation reported in any filing, raising transparency concerns about leadership costs.
- Increasing liabilities relative to assets in recent years, potentially indicating growing financial strain.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
Strengths
The following positive indicators were identified for Umass Memorial Health Care Inc:
- Long operational history with 10 years of IRS 990 filings available, indicating established presence.
- Significant asset base, despite fluctuations, providing some financial foundation (e.g., $5,550,764 in 2021).
Frequently Asked Questions about Umass Memorial Health Care Inc
Is Umass Memorial Health Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Umass Memorial Health Care Inc (EIN: 134366504) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Umass Memorial Health Care Inc spend its money?
Umass Memorial Health Care Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Umass Memorial Health Care Inc tax-deductible?
Umass Memorial Health Care Inc is registered as a tax-exempt nonprofit (EIN: 134366504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Umass Memorial Health Care Inc CEO make?
Umass Memorial Health Care Inc's highest-compensated officer earns $20 annually. The organization reported $24.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Umass Memorial Health Care Inc's spending goes to programs?
Umass Memorial Health Care Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Umass Memorial Health Care Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Umass Memorial Health Care Inc is near average for NTEE category E21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Umass Memorial Health Care Inc located?
Umass Memorial Health Care Inc is headquartered in Southbridge, Massachusetts and files with the IRS under EIN 134366504. It is classified under NTEE code E21.
How many years of IRS 990 filings does Umass Memorial Health Care Inc have?
Umass Memorial Health Care Inc has 10 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 $24.1M in total revenue.
How does Umass Memorial Health Care Inc. cover its consistent operating deficits?
The provided data shows consistent operating deficits, with expenses significantly exceeding revenue (e.g., $9.27 million deficit in 2021). The source of funding to cover these deficits is not apparent from the revenue figures alone and would require examining other income sources or related entity support.
Why is no officer compensation reported in any of the filings?
The absence of reported officer compensation across all ten filings is highly unusual for an organization of this size and operational scope. This could indicate that compensation is paid by a related entity, not reported in this specific section of the 990, or genuinely zero, which would be an outlier.
What is the breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 summary data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories, making it impossible to assess spending efficiency directly from this information.
What is the long-term strategy for managing increasing liabilities?
Liabilities have generally increased over the filing periods, reaching $4,947,878 in 2021. The organization's strategy for managing this increasing debt burden and its impact on financial stability is not discernible from the provided data.
Filing History
IRS 990 filing history for Umass Memorial Health Care Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Umass Memorial Health Care Inc's revenue has grown by 62.3%, moving from $14.8M to $24.1M. Total assets increased by 136.4% over the same period, from $2.3M to $5.6M. Total functional expenses rose by 41.5%, from $23.6M to $33.4M. In its most recent filing year (2021), Umass Memorial Health Care Inc reported a deficit of $9.3M, with expenses exceeding revenue. The organization holds $4.9M in liabilities against $5.6M in assets (debt-to-asset ratio: 89.1%), resulting in net assets of $603K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $24.1M | $33.4M | $5.6M | $4.9M | — | View 990 |
| 2020 | $22.8M | $34.6M | $4.1M | $4.1M | — | View 990 |
| 2019 | $25.6M | $36.5M | $5.8M | $4.2M | — | View 990 |
| 2018 | $24.7M | $36.8M | $5.4M | $3.8M | — | View 990 |
| 2017 | $23.0M | $35.9M | $7.5M | $6.4M | — | View 990 |
| 2016 | $20.4M | $33.1M | $9.5M | $7.8M | — | View 990 |
| 2015 | $18.0M | $29.0M | $5.5M | $4.1M | — | View 990 |
| 2014 | $16.7M | $27.6M | $5.2M | $3.2M | — | View 990 |
| 2013 | $15.4M | $23.2M | $3.0M | $1.7M | — | View 990 |
| 2012 | $14.8M | $23.6M | $2.3M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $24.1M, expenses of $33.4M, and assets of $5.6M (revenue +5.6% year-over-year).
- 2020: Revenue of $22.8M, expenses of $34.6M, and assets of $4.1M (revenue -10.9% year-over-year).
- 2019: Revenue of $25.6M, expenses of $36.5M, and assets of $5.8M (revenue +3.4% year-over-year).
- 2018: Revenue of $24.7M, expenses of $36.8M, and assets of $5.4M (revenue +7.7% year-over-year).
- 2017: Revenue of $23.0M, expenses of $35.9M, and assets of $7.5M (revenue +12.5% year-over-year).
- 2016: Revenue of $20.4M, expenses of $33.1M, and assets of $9.5M (revenue +13.7% year-over-year).
- 2015: Revenue of $18.0M, expenses of $29.0M, and assets of $5.5M (revenue +7.5% year-over-year).
- 2014: Revenue of $16.7M, expenses of $27.6M, and assets of $5.2M (revenue +8.9% year-over-year).
- 2013: Revenue of $15.4M, expenses of $23.2M, and assets of $3.0M (revenue +3.4% year-over-year).
- 2012: Revenue of $14.8M, expenses of $23.6M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Umass Memorial Health Care Inc:
Data Sources and Methodology
This transparency report for Umass Memorial Health Care 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.