Is Belgrade Regional Health Center Inc Legit?

Belgrade Regional Health Center Inc demonstrates consistent financial stability and growth in assets over the past decade. With assets growing from $1,414,412 in 2015 to $2,295,941 in 2024, the organization appears to be building a strong financial foundation. Revenue has fluctuated but generally trended upwards, reaching $133,452 in the latest filing period (202406). The organization consistently reports zero liabilities, indicating a very healthy balance sheet and low financial risk. The organization's spending efficiency is commendable, with expenses consistently well below revenue, allowing for asset accumulation. For example, in 202406, expenses were $93,377 against revenues of $133,452. A significant strength is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator for donor confidence regarding administrative overhead. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited. Transparency is generally good through its consistent IRS 990 filings. The absence of officer compensation is a notable transparent aspect. To further enhance transparency, providing a detailed functional expense breakdown in future filings would allow for a more granular analysis of how funds are allocated between programs, administration, and fundraising efforts. Overall, the organization appears to be a financially sound entity with a strong asset base and prudent financial management.