Vassar Brothers Hospital Foundation
Vassar Brothers Hospital Foundation faces recurring operational deficits despite substantial assets and no reported officer compensation.
EIN: 141736429 · Poughkeepsie, NY · NTEE: E22I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $7.6M |
| Program Spending | 80% |
| Net Assets | $47.2M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Vassar Brothers Hospital Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Vassar Brothers Hospital Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Vassar Brothers Hospital Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.8M and expenses of $7.6M.
Revenue and Expenses
Vassar Brothers Hospital Foundation reported $1.8M in revenue and $7.6M in expenses, a deficit of $5.7M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Vassar Brothers Hospital Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $6.0M (80%) |
Across stored filings, Vassar Brothers Hospital Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Health context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Keep the Investigation Moving
Vassar Brothers Hospital Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vassar Brothers Hospital Foundation
Vassar Brothers Hospital Foundation (EIN: 141736429) is a nonprofit organization based in Poughkeepsie, NY, classified under NTEE code E22I. The organization reported total revenue of $4.8M and total assets of $52.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vassar Brothers Hospital Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vassar Brothers Hospital Foundation is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $7.6M |
| Surplus / Deficit | $-5,708,752 |
| Total Assets | $47.6M |
| Total Liabilities | $487K |
| Net Assets | $47.2M |
| Operating Margin | -309.7% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 75.7 months |
Financial Health Grade: B
In 2023, Vassar Brothers Hospital Foundation reported a deficit of $5.7M with expenses exceeding revenue, holds 75.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vassar Brothers Hospital Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.4% | +60.3% | -4.4% |
| 2022 | -11.9% | -45.5% | -14.9% |
| 2021 | -77.3% | +286.8% | -8.9% |
| 2020 | +220.6% | +67.4% | +32.2% |
| 2019 | -36.7% | -80.0% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Vassar Brothers Hospital Foundation with a Mission Score of 75 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: 80%
- fundraising: 10%
According to IRS 990 filings, Vassar Brothers Hospital Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $5.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the foundation, which is highly favorable for donor funds and suggests a volunteer-led or institutionally supported leadership structure.
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 Vassar Brothers Hospital Foundation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $5.7M in 2023, $1.1M in 2022, $4.5M in 2021) where expenses significantly exceed revenue.
- Highly volatile revenue streams, making financial planning and sustainability challenging.
- Significant decrease in assets from a peak of $64.3 million in 2020 to $47.6 million in 2023, indicating asset depletion.
Strengths
The following positive indicators were identified for Vassar Brothers Hospital Foundation:
- No reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Substantial asset base ($52.6 million in the latest period) provides a significant financial buffer.
- Consistent filing of IRS Form 990s over 13 periods demonstrates strong commitment to transparency and compliance.
Frequently Asked Questions about Vassar Brothers Hospital Foundation
Is Vassar Brothers Hospital Foundation a legitimate charity?
Vassar Brothers Hospital Foundation (EIN: 141736429) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Vassar Brothers Hospital Foundation spend its money?
Vassar Brothers Hospital Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Vassar Brothers Hospital Foundation tax-deductible?
Vassar Brothers Hospital Foundation is registered as a tax-exempt nonprofit (EIN: 141736429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vassar Brothers Hospital Foundation's spending goes to programs?
Vassar Brothers Hospital Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vassar Brothers Hospital Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Vassar Brothers Hospital Foundation is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vassar Brothers Hospital Foundation located?
Vassar Brothers Hospital Foundation is headquartered in Poughkeepsie, New York and files with the IRS under EIN 141736429. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Vassar Brothers Hospital Foundation have?
Vassar Brothers Hospital Foundation 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 $4.8M in total revenue.
Is Vassar Brothers Hospital Foundation financially sustainable given recent deficits?
The foundation has experienced significant operational deficits in recent years (e.g., $5.7 million in 2023, $1.1 million in 2022, $4.5 million in 2021). While it possesses substantial assets ($52.6 million), this trend suggests a reliance on drawing down reserves or investment income to cover expenses, which may not be sustainable long-term without increased revenue or reduced spending.
How does the foundation manage its large asset base?
With assets exceeding $50 million, the foundation likely has an investment strategy in place. The significant fluctuations in revenue, such as the $17.8 million in 2020, could indicate substantial investment gains or large one-time contributions. The management of these assets is crucial for its long-term financial health, especially given the operational deficits.
What is the primary source of the foundation's revenue?
The provided data shows highly variable revenue figures, from $1.8 million in 2023 to $17.8 million in 2020. This variability suggests that revenue may come from a mix of donations, grants, and potentially significant investment returns, rather than a consistent stream from a single source. A detailed breakdown of revenue sources would be needed for a definitive answer.
Filing History
IRS 990 filing history for Vassar Brothers Hospital Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vassar Brothers Hospital Foundation's revenue has declined by 77.6%, moving from $8.2M to $1.8M. Total assets increased by 53.1% over the same period, from $31.1M to $47.6M. Total functional expenses rose by 7.4%, from $7.0M to $7.6M. In its most recent filing year (2023), Vassar Brothers Hospital Foundation reported a deficit of $5.7M, with expenses exceeding revenue. The organization holds $487K in liabilities against $47.6M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $47.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $7.6M | $47.6M | $487K | — | View 990 |
| 2022 | $3.6M | $4.7M | $49.8M | $224K | — | — |
| 2021 | $4.1M | $8.6M | $58.6M | $151K | — | View 990 |
| 2020 | $17.8M | $2.2M | $64.3M | $2.4M | — | View 990 |
| 2019 | $5.6M | $1.3M | $48.7M | $449K | — | View 990 |
| 2018 | $8.8M | $6.7M | $42.6M | $689K | — | View 990 |
| 2017 | $4.7M | $3.7M | $40.5M | $1.7M | — | View 990 |
| 2016 | $6.0M | $1.2M | $35.3M | $2.2M | — | View 990 |
| 2015 | $2.5M | $2.1M | $33.9M | $1.8M | — | View 990 |
| 2014 | $2.5M | $1.5M | $36.2M | $3.0M | — | View 990 |
| 2013 | $2.0M | $1.1M | $33.4M | $660K | — | View 990 |
| 2012 | $2.9M | $2.4M | $31.7M | $1.1M | — | View 990 |
| 2011 | $8.2M | $7.0M | $31.1M | $672K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $7.6M, and assets of $47.6M (revenue -48.4% year-over-year).
- 2022: Revenue of $3.6M, expenses of $4.7M, and assets of $49.8M (revenue -11.9% year-over-year).
- 2021: Revenue of $4.1M, expenses of $8.6M, and assets of $58.6M (revenue -77.3% year-over-year).
- 2020: Revenue of $17.8M, expenses of $2.2M, and assets of $64.3M (revenue +220.6% year-over-year).
- 2019: Revenue of $5.6M, expenses of $1.3M, and assets of $48.7M (revenue -36.7% year-over-year).
- 2018: Revenue of $8.8M, expenses of $6.7M, and assets of $42.6M (revenue +85.9% year-over-year).
- 2017: Revenue of $4.7M, expenses of $3.7M, and assets of $40.5M (revenue -21.6% year-over-year).
- 2016: Revenue of $6.0M, expenses of $1.2M, and assets of $35.3M (revenue +142.3% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.1M, and assets of $33.9M (revenue -0.2% year-over-year).
- 2014: Revenue of $2.5M, expenses of $1.5M, and assets of $36.2M (revenue +25.4% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.1M, and assets of $33.4M (revenue -31.4% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.4M, and assets of $31.7M (revenue -64.7% year-over-year).
- 2011: Revenue of $8.2M, expenses of $7.0M, and assets of $31.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vassar Brothers Hospital Foundation:
Data Sources and Methodology
This transparency report for Vassar Brothers Hospital Foundation 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.