Is Faxton Sunset St Lukes Health Legit?

Faxton Sunset St Lukes Health demonstrates consistent operational deficits, with expenses exceeding revenue in all reported periods. For example, in 2018, expenses were $18,972,780 against revenues of $17,550,809, resulting in a deficit of over $1.4 million. This trend suggests a reliance on drawing down assets or increasing liabilities to cover operational costs, as evidenced by the significant increase in liabilities from $9,572,990 in 2011 to $22,823,144 in 2018. While the organization's assets have grown, the liabilities have grown at a much faster rate, indicating potential long-term financial instability. The organization's financial health appears precarious due to these persistent deficits and a growing debt burden. The lack of reported officer compensation across all filings could indicate that executive roles are either unpaid, compensated through a related entity, or not reported in a way that is immediately visible as 'officer compensation' on the 990, which could impact transparency depending on the actual compensation structure. Without detailed breakdowns of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency, but the overall financial trend points to an organization struggling to operate within its means.