Is Cayuga Medical Associates Pc Legit?

Cayuga Medical Associates Pc demonstrates a pattern of significant growth in revenue and assets over the past decade, with revenue increasing from $31.89 million in 2014 to $117.94 million in 2023. The organization generally operates with expenses closely aligned to revenue, indicating a focus on delivering services rather than accumulating large surpluses, though the 2023 filing shows expenses slightly exceeding revenue by $1.27 million. Asset growth has been particularly strong in recent years, jumping from $9.42 million in 2021 to $41.58 million in 2023, suggesting substantial investment in its operational capacity. Spending efficiency appears reasonable, with expenses consistently tracking revenue. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a different compensation model or that key leadership roles are compensated through a related entity. This could be a strength in terms of direct program spending, but also warrants further investigation for complete transparency regarding leadership remuneration. Overall, the organization exhibits robust financial growth and a consistent operational profile. The lack of reported officer compensation directly on the 990s, while not necessarily a red flag, does present a potential area for enhanced transparency regarding how its leadership is compensated, especially for an organization of its size and revenue. Its consistent growth and asset accumulation suggest a stable and expanding operation.