Total assets have shown a significant decline from $77,018,761 in 2017 to $32,641,623 in 2023, warranting further investigation into the cause and impact.
Expenses have consistently exceeded revenue in recent years, with 2023 showing expenses of $29,984,221 against revenue of $28,478,654, indicating a potential operational deficit.
Strengths
Consistent revenue generation over the past several years, demonstrating stable operational funding.
Maintains a positive net asset position, despite recent declines in total assets.
Clear and consistent financial reporting through publicly available filings.
AI Transparency Report
Loretto Management Corporation is a health care nonprofit based in Syracuse, New York, with reported revenue of $28.3M and assets of $23.1M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. Executive compensation appears reasonable given the organization's size and mission, with no red flags indicating excessive pay based on available filings. Revenue has grown +67% across 14 filing periods.