AI Transparency Report
Centerlight Healthcare Inc. demonstrates a complex financial picture. While the organization has shown significant revenue growth, particularly from $284.9 million in 2021 to $646.6 million in 2023, it has also experienced periods of substantial net losses, such as in 2016 ($102.7 million loss) and 2015 ($99.9 million loss). More recently, the organization reported a positive net income of approximately $46.4 million in 2023, indicating an improvement in financial stability. However, the consistent reporting of zero officer compensation across all available filings raises questions about the completeness of compensation disclosures, which could impact transparency assessments.
The organization's asset base has grown considerably, from $62.4 million in 2021 to $205.9 million in 2023, reflecting an expansion in its financial resources. Despite this growth, liabilities have often exceeded assets in prior years, indicating a reliance on debt or other obligations. The most recent filing shows liabilities of $239.6 million against assets of $205.9 million, suggesting continued financial leverage. The absence of detailed functional expense breakdowns in the provided data makes it challenging to fully assess spending efficiency across programs, administration, and fundraising.