Is Hillcrest Healthcare Foundation Legit?

Hillcrest Healthcare Foundation demonstrates strong financial health and efficiency, particularly in its program spending. Over the past five years, the organization has consistently maintained very low expense ratios relative to its revenue, indicating that a significant portion of its income is retained and likely directed towards its mission or asset growth. For example, in 2023, with revenue of $337,788, expenses were only $23,708, representing an expense ratio of approximately 7%. This trend is consistent across multiple years, such as in 2022 where expenses were $13,881 against $591,515 in revenue, an even lower 2.3% expense ratio. The foundation's assets have shown substantial growth, increasing from $375,338 in 2014 to $1,237,033 in 2023, reflecting effective financial management and accumulation of resources. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. This practice, combined with minimal liabilities, paints a picture of a financially sound and responsibly managed nonprofit.