Waldo County General Hospital
Waldo County General Hospital shows consistent revenue growth and healthy financial surpluses over seven years.
EIN: 10177170 · Belfast, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $92.6M |
| Program Spending | 85% |
| Net Assets | $128.5M |
| Transparency Score | 80/100 |
Is Waldo County General Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waldo County General Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waldo County General Hospital
Waldo County General Hospital (EIN: 10177170) is a nonprofit organization based in Belfast, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waldo County General Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waldo County General Hospital is a major nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $104.5M |
| Total Expenses | $92.6M |
| Surplus / Deficit | +$11.9M |
| Total Assets | $157.0M |
| Total Liabilities | $28.5M |
| Net Assets | $128.5M |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 18.2% |
| Months of Reserves | 20.3 months |
Financial Health Grade: A
In 2017, Waldo County General Hospital reported a surplus of $11.9M with revenue exceeding expenses, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 18.2% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2017), Waldo County General Hospital's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +11.3% | +8.7% | +8.2% |
| 2016 | +6.5% | +9.7% | +10.5% |
| 2015 | +14.0% | +3.9% | +8.1% |
| 2014 | +2.9% | +6.6% | +2.7% |
| 2013 | -2.9% | -0.8% | +12.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Waldo County General Hospital with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Waldo County General Hospital allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.2%.
Executive Compensation Analysis
The IRS 990 data consistently reports 0% for officer compensation across all seven filings. This suggests that executive compensation might be reported under different categories or that the organization's officers are not compensated in a manner captured by this specific field, requiring further detailed review of the full 990 forms.
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 Waldo County General Hospital's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation reported, which may obscure actual executive pay practices
Strengths
The following positive indicators were identified for Waldo County General Hospital:
- Consistent revenue growth, from $78.7M in 2011 to $104.5M in 2017
- Healthy financial surpluses year over year, indicating strong operational efficiency (e.g., $11.9M surplus in 2017)
- Steady increase in assets, demonstrating financial stability and capacity for growth
- Liabilities are well-managed relative to assets, indicating a strong balance sheet
Frequently Asked Questions about Waldo County General Hospital
Is Waldo County General Hospital a legitimate charity?
Waldo County General Hospital (EIN: 10177170) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 80/100. It has 7 years of IRS 990 filings on record. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Waldo County General Hospital spend its money?
Waldo County General Hospital directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Waldo County General Hospital tax-deductible?
Waldo County General Hospital is registered as a tax-exempt nonprofit (EIN: 10177170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waldo County General Hospital's spending goes to programs?
Waldo County General Hospital directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Waldo County General Hospital located?
Waldo County General Hospital is headquartered in Belfast, Maine and files with the IRS under EIN 10177170.
How many years of IRS 990 filings does Waldo County General Hospital have?
Waldo County General Hospital has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
How does Waldo County General Hospital allocate its expenses between program services, administration, and fundraising?
Based on the provided summary data, a detailed breakdown of program, administrative, and fundraising expenses is not available. However, given its nature as a hospital, the vast majority of its expenses are expected to be directly related to program services (patient care).
What is the reason for the consistent 0% officer compensation reported in the IRS 990 filings?
The consistent reporting of 0% for officer compensation in the provided data is unusual for an organization of this size. It could indicate that compensation is reported in other sections of the 990, that officers are compensated by an affiliated entity, or that the data provided is incomplete regarding this specific field.
What is the hospital's strategy for managing its growing assets and liabilities?
Waldo County General Hospital has shown consistent growth in assets, from $90.9 million in 2011 to $156.9 million in 2017, while liabilities have remained a smaller proportion. This suggests a strategy of reinvestment and prudent financial management, though specific details on asset and liability management strategies are not available in this summary.
Filing History
IRS 990 filing history for Waldo County General Hospital showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Waldo County General Hospital's revenue has grown by 32.8%, moving from $78.7M to $104.5M. Total assets increased by 72.7% over the same period, from $90.9M to $157.0M. Total functional expenses rose by 33.4%, from $69.4M to $92.6M. In its most recent filing year (2017), Waldo County General Hospital reported a surplus of $11.9M, with revenue exceeding expenses. The organization holds $28.5M in liabilities against $157.0M in assets (debt-to-asset ratio: 18.2%), resulting in net assets of $128.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $104.5M | $92.6M | $157.0M | $28.5M | — | View 990 |
| 2016 | $93.9M | $85.2M | $145.2M | $33.6M | — | View 990 |
| 2015 | $88.1M | $77.6M | $131.4M | $31.8M | — | View 990 |
| 2014 | $77.3M | $74.7M | $121.6M | $27.3M | — | View 990 |
| 2013 | $75.1M | $70.1M | $118.4M | $29.5M | — | View 990 |
| 2012 | $77.4M | $70.7M | $105.0M | $24.1M | — | View 990 |
| 2011 | $78.7M | $69.4M | $90.9M | $22.1M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $104.5M, expenses of $92.6M, and assets of $157.0M (revenue +11.3% year-over-year).
- 2016: Revenue of $93.9M, expenses of $85.2M, and assets of $145.2M (revenue +6.5% year-over-year).
- 2015: Revenue of $88.1M, expenses of $77.6M, and assets of $131.4M (revenue +14.0% year-over-year).
- 2014: Revenue of $77.3M, expenses of $74.7M, and assets of $121.6M (revenue +2.9% year-over-year).
- 2013: Revenue of $75.1M, expenses of $70.1M, and assets of $118.4M (revenue -2.9% year-over-year).
- 2012: Revenue of $77.4M, expenses of $70.7M, and assets of $105.0M (revenue -1.7% year-over-year).
- 2011: Revenue of $78.7M, expenses of $69.4M, and assets of $90.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waldo County General Hospital:
Data Sources and Methodology
This transparency report for Waldo County General Hospital 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.