Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc
Only null% goes to programs Strong reserves Declining revenue
Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc is a 501(c)(3) organization based in Cortland, New York, registered in 1979, with $925,105 in FY2023 revenue. CharityIndex grades it B.
134 Homer Avenue, Cortland, NY, 13045 EIN 22-2230692 Since 1979
Revenue (FY2023)
$925K
▲ 53.8% vs prior year
Health median: $840K
Expenses (FY2023)
$292K
Net assets
$10.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating441 mo reserves · +68% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc: 441 mo reserves · +68% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 134 Homer Avenue, Cortland, NY, 13045
- City
- Cortland
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Website
- …
Financial trends
Revenue grew from $738K (FY2013) to $925K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $32KNet assets $10.7M
Operating margin
68.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.8M
Total liabilities
$32K
Net assets
$10.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $925,105▲53.8% | $292,065▼3.9% | $10,731,202▲26.7% | $10,763,293▲26.6% | 990 |
| 2022 | $601,528▼35.9% | $304,037▲15.2% | $8,471,019▲3.8% | $8,499,184▲3.6% | 990 |
| 2021 | $938,408▼62.9% | $263,811▼0.6% | $8,160,790▼10.7% | $8,202,891▼10.5% | 990 |
| 2020 | $2,527,511▲96.2% | $265,300▲2.8% | $9,135,495▲77.1% | $9,166,735▲76.7% | 990 |
| 2019 | $1,288,254▲114% | $257,968▼47.1% | $5,158,859▲6.0% | $5,187,622▲5.9% | 990 |
| 2018 | $602,175▼13.5% | $487,371▼18.3% | $4,867,254▼6.7% | $4,898,825▼6.7% | 990 |
| 2017 | $696,086▲1.7% | $596,360▼6.6% | $5,217,929▲9.0% | $5,250,212▲8.9% | 990 |
| 2016 | $684,151▲4.0% | $638,671▼32.1% | $4,785,857▲5.5% | $4,818,981▲5.2% | 990 |
| 2015 | $658,081▲1.9% | $940,002▲303% | $4,536,165▼11.9% | $4,581,242▼28.2% | 990 |
| 2014 | $646,080▼12.4% | $233,129▼85.2% | $5,148,965▲9.8% | $6,378,466▲7.8% | 990 |
| 2013 | $737,549 | $1,570,339▲557% | $4,690,019▼11.7% | $5,916,538▲11.0% | 990 |
| 2012 | — | $238,894▼26.4% | $5,308,648▲12.1% | $5,332,310▲12.2% | 990 |
| 2011 | — | $324,368▼11.1% | $4,737,495▲4.6% | $4,753,030▲4.5% | 990 |
| 2010 | — | $364,975 | $4,529,803 | $4,547,388 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $99K total
8 grants to Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc totaling $99K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $15,050 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $12,000 |
| The Blackbaud Giving Fund | General support | 2022 | $14,880 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $14,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,600 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $14,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $8,200 |
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Frequently asked questions
- Is Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc a legitimate nonprofit?
- Yes. Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2230692, based in Cortland, New York. Donations are tax-deductible.
- What is Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc's EIN?
- Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc's Employer Identification Number (EIN) is 22-2230692.
- How much revenue does Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc report?
- Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc reported $925,105 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc have?
- CharityIndex grades Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc B, based on financial health (reserves and operating margin).
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Data for Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc (EIN 22-2230692) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.