Is Good Shepherd Hospice Legit?

Good Shepherd Hospice demonstrates consistent financial health with a positive net income in most recent years. For example, in 2023, the organization reported revenues of $47,965,226 against expenses of $41,342,077, indicating a healthy surplus. The organization's assets have also shown significant growth, increasing from $16,043,261 in 2014 to $49,251,614 in 2023, suggesting strong financial management and capacity building. Liabilities have also increased over this period, but assets have grown at a faster rate, improving the overall financial position. Spending efficiency appears to be strong, with a significant portion of expenses likely directed towards program services, given the nature of hospice care. The consistent surpluses indicate that the organization is effectively managing its costs relative to its revenue streams. The absence of reported officer compensation in the provided data for all years is a notable point regarding executive remuneration, suggesting that top leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which would be highly efficient. Transparency regarding executive compensation is high, as the provided data explicitly states 0% for officer compensation across all years. This level of detail, even if indicating no direct compensation, contributes to transparency. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to public accountability and financial disclosure.