AI Transparency Report
Canton Potsdam Hospital demonstrates consistent financial growth and appears to be in a stable financial position. Over the past decade, the organization has shown a steady increase in both revenue and assets, with the latest reported revenue at $385,768,365 and assets at $341,997,003. The hospital consistently operates with a surplus, indicating sound financial management where revenues generally exceed expenses. For instance, in 2023, revenue was $262,367,355 against expenses of $258,594,334, resulting in a surplus of nearly $3.8 million.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent operational surpluses suggest efficient use of funds relative to the services provided. The absence of reported officer compensation in the provided data for all periods is notable, potentially indicating that executive compensation is either not reported in this specific field or is structured differently, which could impact a full assessment of transparency regarding leadership costs. Further detailed analysis of the full 990 forms would be necessary to ascertain the exact allocation of expenses and the specifics of executive remuneration.
Overall, the hospital's financial health appears robust, with a strong trend of increasing capacity (assets) and operational scale (revenue). The consistent growth and positive net income across multiple years point to a well-managed organization capable of sustaining its operations and potentially expanding its services to the community. The significant increase in assets from $100,388,006 in 2014 to $341,997,003 currently, alongside a corresponding increase in liabilities, suggests investment in infrastructure and services, which is typical for a growing healthcare institution.