Is Canton Potsdam Hospital Foundation Inc Legit?

Canton Potsdam Hospital Foundation Inc demonstrates consistent financial health, with assets steadily growing from $22.8 million in 2015 to over $34.2 million in 2023. The organization consistently reports significantly higher revenues than expenses, indicating strong fundraising and investment performance. For instance, in 2023, revenue was $2,552,931 against expenses of $867,564, resulting in a substantial surplus. This surplus contributes to the growth of its asset base, which is crucial for long-term sustainability and supporting its mission. The foundation's primary role appears to be fundraising and asset management to support Canton Potsdam Hospital, as evidenced by its NTEE code (E112 - Hospital Foundations). The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is handled by the parent hospital, not directly by the foundation.