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

$4.8MRevenue

$52.7MAssets

75/100Mission Score (Good)

E22I

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.

AI Transparency Report

Vassar Brothers Hospital Foundation exhibits fluctuating financial performance over the past several years. While the organization holds substantial assets, reaching $52,685,172 in the latest period, its revenue has not consistently covered expenses. For instance, in 2023, expenses of $7,552,172 significantly outstripped revenue of $1,843,420, leading to a substantial deficit. Similar trends were observed in 2022 and 2021. This pattern of spending more than it earns in several recent years, while drawing on its asset base, suggests a need for closer examination of its long-term financial sustainability and fundraising strategies.

The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings indicates a strong commitment to minimizing executive overhead, which is a positive sign for donor confidence. The significant swings in revenue, such as the $17.8 million reported in 2020 compared to $1.8 million in 2023, suggest reliance on large, potentially infrequent, contributions or investment gains, which can introduce volatility.

Regarding transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure. The absence of reported officer compensation is a notable positive for transparency and efficient use of funds. However, without more granular expense data, a complete picture of spending efficiency remains somewhat obscured. The foundation's substantial asset base provides a buffer, but the recurring operational deficits in recent years warrant attention.

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.

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 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.	PDF
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.

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.