Is Elizabeth Seton Pediatric Center Legit?

The Elizabeth Seton Pediatric Center demonstrates consistent financial growth and stability over the past decade, with revenue increasing from $60.1 million in 2014 to $125.8 million in 2023. The organization consistently operates with a surplus, indicating sound financial management. For instance, in 2023, revenue was $125,885,351 against expenses of $117,522,213, resulting in a surplus of over $8 million. Assets have also shown steady growth, reaching $171,917,537 in 2023, while liabilities have remained manageable relative to assets. The organization's spending efficiency appears strong, as evidenced by the consistent surpluses. Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, it's challenging to precisely quantify efficiency ratios. However, the consistent positive net income suggests that expenses are well-controlled relative to revenue. The absence of reported officer compensation across all filings is a notable point regarding transparency, though it could indicate that executive salaries are not reported under 'officer compensation' or are covered by a related entity. Overall, the Elizabeth Seton Pediatric Center appears to be in robust financial health, with a clear trend of increasing capacity and resources to support its mission. The consistent growth in both revenue and assets, coupled with controlled expenses, paints a picture of a well-managed and sustainable organization. Further transparency on the allocation of expenses (program vs. admin/fundraising) would provide a more complete picture of spending efficiency.