Is Episcopal Church Home & Affiliates Life Care Community Inc Legit?

Episcopal Church Home & Affiliates Life Care Community Inc demonstrates consistent revenue growth over the past decade, with revenue increasing from $18,465,452 in 2014 to $30,291,578 in 2023. The organization generally operates with a surplus, as seen in 2023 where revenue of $30,291,578 exceeded expenses of $27,178,740. However, a notable concern is the consistent reporting of liabilities exceeding assets across all available filings, indicating a potential long-term solvency issue. For instance, in 2023, assets were $133,520,874 while liabilities stood at $142,997,073. The organization's financial health appears stable in terms of operational cash flow, but the asset-to-liability ratio warrants closer examination. The absence of reported officer compensation across all filings suggests either a highly unusual compensation structure or a reporting anomaly, which impacts transparency regarding executive remuneration. Without detailed functional expense breakdowns, it's challenging to fully assess spending efficiency across programs, administration, and fundraising, but the overall financial trend shows growth and operational surpluses.