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Health · 2023 Form 990

Grady Memorial Hospital Corporation: $2.4B Revenue, $2.2B Expenses

Atlanta, Georgia · EIN 262037695 · Filing year 2023

Grady Memorial Hospital Corporation reported $2.4B in total revenue, $2.2B in total expenses, and $2.0B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $10.7M (0.46% of revenue). NonprofitTruth efficiency grade: B (75/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
B
Efficiency Score
75/100

Key Facts (2023 Form 990)

Total Revenue
$2.4B
Total Expenses
$2.2B
Total Assets
$2.0B
Reserve Months
11.1 months
Surplus / (Deficit)
$170.7M
EIN
262037695
Latest 990 Year
2023
Current-Officer Compensation
$10.7M
Officer Comp % of Revenue
0.46%

The efficiency rubric puts Grady Memorial Hospital Corporation at a B grade: a composite of 75/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.

Grady Memorial Hospital Corporation operates at corporate scale — $2.4B in reported 2023 revenue. At over a billion in annual revenue, nonprofits typically run consolidated operations across multiple states or business lines, and the IRS Form 990 reflects a much larger operational footprint than a typical 501(c)(3). Financial health is a strength: Grady Memorial Hospital Corporation carries a healthy operating-reserve cushion against $2.2B in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.

Five-year revenue has grown modestly. Grady Memorial Hospital Corporation is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. Officer compensation is modest relative to organizational size: Grady Memorial Hospital Corporation reports $10.7M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $2.4B in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Grady Memorial Hospital Corporation is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.


$2.4B
Revenue
$2.2B
Expenses
$2.0B
Total Assets
$10.7M
Officer Compensation

How Grady Memorial Hospital Corporation Compares

Grady Memorial Hospital Corporation earns a NonprofitTruth efficiency grade of B (75/100). That is 3 points below the Health category average. Compensation for current officers and key employees represents 0.46% of total revenue. The organization holds 11.1 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$2.2B
Total Expenses
Filing year 2023
$10.7M
Officer Compensation
0.46% of revenue
11.1 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Grady Memorial Hospital Corporation reported $2.4B in revenue against $2.2B in total functional expenses for filing year 2023, holding roughly 11.1 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $10.7M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 0.46% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Grady Memorial Hospital Corporation has a NonprofitTruth Efficiency Score of B (75/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Grady Memorial Hospital Corporation, Donor FAQ

Grady Memorial Hospital Corporation has a NonprofitTruth Efficiency Score of B (75/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Grady Memorial Hospital Corporation reports $10.7M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 0.46% of the organization's $2.4B in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Grady Memorial Hospital Corporation reported $2.4B in annual revenue and $2.2B in total expenses for filing year 2023. The organization holds $2.0B in total assets.

Grady Memorial Hospital Corporation holds approximately 11.1 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.

Grady Memorial Hospital Corporation is a registered 501(c) organization with EIN 262037695, based in Atlanta, Georgia. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.