AI Transparency Report
Cottage Hospital demonstrates a consistent operational pattern, with revenues generally keeping pace with or slightly exceeding expenses over the past decade, indicating stable financial management. For instance, in 2021, revenue was $41,926,770 against expenses of $38,583,527, showing a surplus. However, the most recent two periods (2022 and 2023) show expenses slightly exceeding revenue, with 2023 reporting $41,478,609 in revenue against $42,171,933 in expenses, suggesting a slight operational deficit in the short term. The organization's assets have grown steadily from $28,826,419 in 2014 to $37,311,075 in 2023, indicating a healthy balance sheet and capacity for future operations.
The hospital's spending efficiency appears reasonable for a healthcare provider, though specific program spending ratios are not detailed in the provided data. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its financial transparency, suggesting that executive compensation is either not reported in this category or is handled differently, which warrants further investigation for a complete picture of executive pay. The organization's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency.
Overall, Cottage Hospital appears to be a financially stable entity with a long history of operations. While recent periods show minor operational deficits, its strong asset base and consistent revenue generation suggest resilience. The lack of reported officer compensation in the provided data is a point of interest for deeper analysis into executive remuneration practices.