Weeks Medical Center
Weeks Medical Center shows consistent revenue growth but reports no officer compensation on 990s.
EIN: 20222242 · Lancaster, NH · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $95.6M |
| Total Expenses | $88.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $90 |
| Net Assets | $48.9M |
| Transparency Score | 70/100 |
Is Weeks Medical Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Weeks Medical Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Weeks Medical Center
Weeks Medical Center (EIN: 20222242) is a nonprofit organization based in Lancaster, NH, classified under NTEE code E220. The organization reported total revenue of $95.6M and total assets of $69.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weeks Medical Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weeks Medical Center is a major nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $86.9M |
| Total Expenses | $88.1M |
| Surplus / Deficit | $-1,192,834 |
| Total Assets | $71.6M |
| Total Liabilities | $22.7M |
| Net Assets | $48.9M |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 31.7% |
| Months of Reserves | 9.8 months |
Financial Health Grade: B
In 2023, Weeks Medical Center reported a deficit of $1.2M with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 31.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Weeks Medical Center's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.1% | +20.3% | -6.4% |
| 2022 | +10.0% | +15.3% | -17.9% |
| 2021 | +12.3% | +12.7% | +0.6% |
| 2020 | +9.6% | +6.7% | +29.0% |
| 2019 | +5.5% | +10.0% | +12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
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 Weeks Medical Center with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Weeks Medical Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.7%.
Executive Compensation Analysis
The consistent reporting of 0% for officer compensation across all 13 available IRS 990 filings is highly unusual for an organization with annual revenues approaching $90 million. This suggests that executive compensation is either not reported in this specific section of the 990 or is paid through a related entity, which significantly hinders transparency regarding leadership costs relative to the organization's size.
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 Weeks Medical Center's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s, raising transparency concerns.
- Deficit in the latest fiscal period (2023), with expenses exceeding revenue by $1,192,834.
Strengths
The following positive indicators were identified for Weeks Medical Center:
- Consistent and significant revenue growth over the past decade, from $42.2M in 2014 to $86.9M in 2023.
- Generally positive net income in most fiscal periods, indicating sound financial management.
- Strong asset base, with assets of $71,649,472 in 2023.
- Reduced liabilities from $40,368,933 in 2021 to $22,721,834 in 2023, improving financial leverage.
- Long history of IRS 990 filings (13 filings), demonstrating regulatory compliance.
Frequently Asked Questions about Weeks Medical Center
Is Weeks Medical Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Weeks Medical Center (EIN: 20222242) some concerns. Mission Score: 70/100. 2 red flags identified, 5 strengths noted.
How does Weeks Medical Center spend its money?
Weeks Medical Center directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Weeks Medical Center tax-deductible?
Weeks Medical Center is registered as a tax-exempt nonprofit (EIN: 20222242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Weeks Medical Center CEO make?
Weeks Medical Center's highest-compensated officer earns $90 annually. The organization reported $95.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Weeks Medical Center's spending goes to programs?
Weeks Medical Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Weeks Medical Center compare to similar nonprofits?
With a transparency score of 70/100 (Good), Weeks Medical Center is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Weeks Medical Center located?
Weeks Medical Center is headquartered in Lancaster, New Hampshire and files with the IRS under EIN 20222242. It is classified under NTEE code E220.
How many years of IRS 990 filings does Weeks Medical Center have?
Weeks Medical Center 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 $95.6M in total revenue.
Why is officer compensation consistently reported as 0% on all IRS 990 filings?
The consistent reporting of 0% for officer compensation across all 13 filings is highly unusual for an organization of Weeks Medical Center's size and revenue. This could indicate that compensation is paid through a related entity, not directly by the organization itself, or is reported in a different section of the 990 not provided in this summary. Further investigation into the full 990 forms would be necessary to understand how executive compensation is handled.
What caused the deficit in the 2023 fiscal period, where expenses exceeded revenue by $1,192,834?
The provided data does not specify the exact reasons for the 2023 deficit. It could be due to increased operational costs, investments in new programs or equipment, or a temporary dip in revenue. Given the overall trend of positive net income in previous years, this might be an isolated event, but a detailed review of the 2023 financial statements would be needed to identify the specific causes.
How does Weeks Medical Center's asset fluctuation, particularly the drop from $93,203,469 in 2021 to $71,649,472 in 2023, impact its financial stability?
The decrease in assets from 2021 to 2023 could be due to several factors, including depreciation of property and equipment, sale of assets, or investment losses. While a significant drop, the organization still maintains substantial assets of $71,649,472, and its liabilities have also decreased from $40,368,933 in 2021 to $22,721,834 in 2023, suggesting a healthier asset-to-liability ratio. This fluctuation doesn't necessarily indicate instability but warrants further examination of the balance sheet.
Filing History
IRS 990 filing history for Weeks Medical Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Weeks Medical Center's revenue has grown by 113.7%, moving from $40.7M to $86.9M. Total assets increased by 81.3% over the same period, from $39.5M to $71.6M. Total functional expenses rose by 118%, from $40.4M to $88.1M. In its most recent filing year (2023), Weeks Medical Center reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $22.7M in liabilities against $71.6M in assets (debt-to-asset ratio: 31.7%), resulting in net assets of $48.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $86.9M | $88.1M | $71.6M | $22.7M | — | — |
| 2022 | $76.2M | $73.3M | $76.6M | $26.3M | — | — |
| 2021 | $69.3M | $63.5M | $93.2M | $40.4M | — | View 990 |
| 2020 | $61.7M | $56.3M | $92.6M | $47.4M | — | — |
| 2019 | $56.3M | $52.8M | $71.8M | $32.0M | — | View 990 |
| 2018 | $53.4M | $48.0M | $64.0M | $27.7M | — | View 990 |
| 2017 | $46.9M | $45.4M | $55.8M | $24.5M | — | View 990 |
| 2016 | $44.0M | $43.6M | $54.3M | $25.0M | — | View 990 |
| 2015 | $43.2M | $42.1M | $49.4M | $21.5M | — | View 990 |
| 2014 | $42.2M | $41.5M | $46.4M | $18.9M | — | View 990 |
| 2013 | $42.9M | $43.9M | $44.2M | $18.1M | — | View 990 |
| 2012 | $41.7M | $41.7M | $42.2M | $16.5M | — | View 990 |
| 2011 | $40.7M | $40.4M | $39.5M | $15.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86.9M, expenses of $88.1M, and assets of $71.6M (revenue +14.1% year-over-year).
- 2022: Revenue of $76.2M, expenses of $73.3M, and assets of $76.6M (revenue +10.0% year-over-year).
- 2021: Revenue of $69.3M, expenses of $63.5M, and assets of $93.2M (revenue +12.3% year-over-year).
- 2020: Revenue of $61.7M, expenses of $56.3M, and assets of $92.6M (revenue +9.6% year-over-year).
- 2019: Revenue of $56.3M, expenses of $52.8M, and assets of $71.8M (revenue +5.5% year-over-year).
- 2018: Revenue of $53.4M, expenses of $48.0M, and assets of $64.0M (revenue +13.8% year-over-year).
- 2017: Revenue of $46.9M, expenses of $45.4M, and assets of $55.8M (revenue +6.6% year-over-year).
- 2016: Revenue of $44.0M, expenses of $43.6M, and assets of $54.3M (revenue +1.9% year-over-year).
- 2015: Revenue of $43.2M, expenses of $42.1M, and assets of $49.4M (revenue +2.2% year-over-year).
- 2014: Revenue of $42.2M, expenses of $41.5M, and assets of $46.4M (revenue -1.7% year-over-year).
- 2013: Revenue of $42.9M, expenses of $43.9M, and assets of $44.2M (revenue +3.0% year-over-year).
- 2012: Revenue of $41.7M, expenses of $41.7M, and assets of $42.2M (revenue +2.6% year-over-year).
- 2011: Revenue of $40.7M, expenses of $40.4M, and assets of $39.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weeks Medical Center:
Data Sources and Methodology
This transparency report for Weeks Medical Center 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.