Is Lourdes Hospital Foundation Inc Legit?

Lourdes Hospital Foundation Inc. demonstrates a generally stable financial position with significant assets, reaching $31,458,595 in the 202306 period. The organization's revenue has fluctuated considerably over the years, with a notable peak of $7,595,459 in 202110 and a more recent $1,879,221 in 202306. Expenses have also varied, sometimes exceeding revenue, such as in 202306 where expenses were $2,146,919 against $1,879,221 in revenue, and in 201610 where expenses were $4,503,834 against $1,487,857 in revenue. This indicates periods of deficit spending, which could draw down reserves if not balanced by future surpluses. The foundation consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. While the specific breakdown of program, administrative, and fundraising expenses isn't detailed in the provided summary, the absence of officer compensation suggests a lean operational structure at the top. The significant asset base provides a strong financial cushion, but the variability in annual revenue and occasional expense overruns warrant careful monitoring to ensure long-term sustainability and consistent program delivery.