Is Eastport Memorial Hospital Legit?

Eastport Memorial Hospital demonstrates consistent financial stability and growth over the past decade. The organization has shown a steady increase in revenue, from $1,939,190 in 2014 to $3,350,847 in 2023, indicating a growing capacity to serve its community. Expenses have generally tracked revenue, with the hospital consistently operating with a modest surplus, such as the $41,908 surplus in 2023 (Revenue $3,350,847 - Expenses $3,308,939). This suggests prudent financial management and an ability to maintain operations without significant deficits. The hospital's asset base has also grown substantially, from $2,244,828 in 2014 to $3,574,688 in 2023, while liabilities have remained manageable relative to assets. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing resources towards its mission rather than executive pay. This practice is highly commendable for a nonprofit organization. Overall, Eastport Memorial Hospital appears to be in sound financial health, effectively managing its resources to support its healthcare mission. The consistent growth in revenue and assets, coupled with a transparent approach to executive compensation, paints a picture of a well-managed and financially responsible nonprofit.