Virtua Memorial Hospital Burlington County Inc
Virtua Memorial Hospital shows consistent revenue growth and strong asset accumulation with no officer compensation reported on 990s.
EIN: 210634562 · Marlton, NJ · NTEE: E220 · Updated: 2026-03-28
Is Virtua Memorial Hospital Burlington County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Virtua Memorial Hospital Burlington County Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Virtua Memorial Hospital Burlington County Inc
Virtua Memorial Hospital Burlington County Inc (EIN: 210634562) is a nonprofit organization based in Marlton, NJ, classified under NTEE code E220. The organization reported total revenue of $522.9M and total assets of $1.2B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virtua Memorial Hospital Burlington County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Virtua Memorial Hospital Burlington County 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Virtua Memorial Hospital Burlington County Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with over $450 million in revenue. This suggests executive compensation may be reported by a related entity or structured in a way not captured in this specific section of the 990, requiring further scrutiny for a full understanding of executive pay practices.
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 Virtua Memorial Hospital Burlington County Inc's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s, which is atypical for an organization of this size and suggests compensation may be reported elsewhere or structured differently, potentially obscuring a full view of executive pay.
Strengths
The following positive indicators were identified for Virtua Memorial Hospital Burlington County Inc:
- Strong and consistent revenue growth, increasing from $350 million in 2020 to over $452 million in 2023.
- Robust asset accumulation, with assets growing from $853 million in 2020 to over $1 billion in 2023, indicating strong financial stability.
- High program spending ratio (approximately 90% of expenses in 2023), demonstrating a strong focus on its core mission.
- Healthy operating surplus, with revenues consistently exceeding expenses, contributing to asset growth.
Frequently Asked Questions about Virtua Memorial Hospital Burlington County Inc
Is Virtua Memorial Hospital Burlington County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Virtua Memorial Hospital Burlington County Inc (EIN: 210634562) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Virtua Memorial Hospital Burlington County Inc spend its money?
Virtua Memorial Hospital Burlington County Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Virtua Memorial Hospital Burlington County Inc tax-deductible?
Virtua Memorial Hospital Burlington County Inc is registered as a tax-exempt nonprofit (EIN: 210634562). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Virtua Memorial Hospital Burlington County Inc a good charity?
Based on its financial health, consistent revenue growth, and significant asset base, the organization appears to be financially sound. The high program spending ratio (90% based on available expense data) indicates a strong focus on its mission. However, the lack of reported officer compensation on the 990s is an area that would require further investigation for a complete assessment of its governance and compensation practices.
How does Virtua Memorial Hospital manage its executive compensation?
The provided IRS 990 data consistently shows 0% officer compensation. This is highly unusual for an organization of its scale and suggests that executive compensation might be reported by a parent organization (Virtua Health System) or a related entity, or structured in a way that it does not appear in the 'Officer Comp' field for this specific EIN. Further inquiry into the broader Virtua Health System's filings would be necessary to understand executive compensation.
What is the trend in Virtua Memorial Hospital's financial growth?
Virtua Memorial Hospital has demonstrated strong and consistent financial growth. Revenue increased from $350,486,495 in 2020 to $452,476,381 in 2023, and assets grew from $853,958,199 to $1,046,280,530 over the same period, indicating robust expansion and financial health.
Filing History
IRS 990 filing history for Virtua Memorial Hospital Burlington County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virtua Memorial Hospital Burlington County Inc's revenue has grown by 38.2%, moving from $327.4M to $452.5M. Total assets increased by 160% over the same period, from $402.5M to $1.0B. Total functional expenses rose by 28.4%, from $298.9M to $383.8M. In its most recent filing year (2023), Virtua Memorial Hospital Burlington County Inc reported a surplus of $68.6M, with revenue exceeding expenses. The organization holds $57.6M in liabilities against $1.0B in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $988.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $452.5M | $383.8M | $1.0B | $57.6M | — | View 990 |
| 2022 | $426.8M | $361.9M | $942.6M | $50.9M | — | View 990 |
| 2021 | $400.7M | $341.8M | $926.8M | $81.7M | — | View 990 |
| 2020 | $350.5M | $329.7M | $854.0M | $86.6M | — | View 990 |
| 2019 | $342.6M | $326.6M | $783.2M | $55.3M | — | View 990 |
| 2018 | $336.7M | $318.6M | $726.8M | $40.2M | — | View 990 |
| 2017 | $366.7M | $322.9M | $708.0M | $37.9M | — | View 990 |
| 2016 | $355.5M | $317.9M | $656.3M | $41.4M | — | View 990 |
| 2015 | $353.8M | $300.5M | $602.9M | $40.2M | — | View 990 |
| 2014 | $351.7M | $303.9M | $558.0M | $50.5M | — | View 990 |
| 2013 | $318.7M | $285.3M | $502.6M | $51.3M | — | View 990 |
| 2012 | $322.5M | $287.6M | $455.0M | $60.8M | — | View 990 |
| 2011 | $327.4M | $298.9M | $402.5M | $57.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $452.5M, expenses of $383.8M, and assets of $1.0B (revenue +6.0% year-over-year).
- 2022: Revenue of $426.8M, expenses of $361.9M, and assets of $942.6M (revenue +6.5% year-over-year).
- 2021: Revenue of $400.7M, expenses of $341.8M, and assets of $926.8M (revenue +14.3% year-over-year).
- 2020: Revenue of $350.5M, expenses of $329.7M, and assets of $854.0M (revenue +2.3% year-over-year).
- 2019: Revenue of $342.6M, expenses of $326.6M, and assets of $783.2M (revenue +1.7% year-over-year).
- 2018: Revenue of $336.7M, expenses of $318.6M, and assets of $726.8M (revenue -8.2% year-over-year).
- 2017: Revenue of $366.7M, expenses of $322.9M, and assets of $708.0M (revenue +3.2% year-over-year).
- 2016: Revenue of $355.5M, expenses of $317.9M, and assets of $656.3M (revenue +0.5% year-over-year).
- 2015: Revenue of $353.8M, expenses of $300.5M, and assets of $602.9M (revenue +0.6% year-over-year).
- 2014: Revenue of $351.7M, expenses of $303.9M, and assets of $558.0M (revenue +10.4% year-over-year).
- 2013: Revenue of $318.7M, expenses of $285.3M, and assets of $502.6M (revenue -1.2% year-over-year).
- 2012: Revenue of $322.5M, expenses of $287.6M, and assets of $455.0M (revenue -1.5% year-over-year).
- 2011: Revenue of $327.4M, expenses of $298.9M, and assets of $402.5M.
Data Sources and Methodology
This transparency report for Virtua Memorial Hospital Burlington County 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.