EHealth CareEIN: 370684691· Ruling Year: 1956

Memorial Hospital Association

Carthage, Illinois

B+Health Score
67B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 39 peers in Health Care with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.59×
Peer Median8.62×
💰
$50.5M
Total Revenue
📊
$48.1M
Total Expenses
🏦
$28.4M
Net Assets
📋
$22.4M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+8.9%
Year-over-year change (2022 → 2023)
Net Margin
+4.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.59
Net assets divided by total expenses
Liabilities-to-Assets
44.1%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2023$50,471,5619%$48,099,1409%$50,796,9466%
2022$46,345,1595%$44,022,47215%$47,754,1834%
2021$48,835,80247%$38,192,63119%$49,952,15313%
2020$33,306,04910%$32,046,2635%$44,299,40123%
2019$30,188,415129%$30,518,930102%$35,871,8862%
2018$13,178,61355%$15,143,83349%$36,656,4566%
2018$29,260,4635%$29,619,8043%$39,041,9586%
2017$27,934,48411%$28,819,77114%$41,443,7617%
2016$25,174,0055%$25,244,8108%$38,814,6254%
2015$24,004,5493%$23,429,0434%$40,236,20514%
2014$23,268,0356%$22,420,4277%$35,319,8472%
2013$22,009,0865%$21,035,9022%$34,501,0961%
2012$20,934,4466%$20,540,0085%$34,024,764
2011$19,685,582$19,521,756$34,046,684

Frequently Asked Questions

What does Memorial Hospital Association do?

Memorial Hospital Association is a health care nonprofit organization based in Illinois. It is classified under NTEE code E22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Memorial Hospital Association financially healthy?

Based on our 9-metric Financial Health Score model, Memorial Hospital Association has a score of 67/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Memorial Hospital Association generate?

Memorial Hospital Association reports $54.5M in annual revenue and holds $49.5M in total assets, based on IRS filings.

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Memorial Hospital Association — Carthage, IL | GiveScope