Is Mercy Franciscan At St Raphael Inc Legit?

Mercy Franciscan At St Raphael Inc appears to be a small to medium-sized organization that has consistently operated at a deficit over the past four reported years. In 2014, the organization reported revenues of $1,128,296 against expenses of $1,397,239, indicating a significant operational loss. This trend of expenses exceeding revenue is consistent across all available filings, suggesting a reliance on prior reserves or other funding mechanisms not immediately apparent from the top-line revenue figures. The organization's assets have shown a modest increase over the years, from $933,333 in 2011 to $1,017,590 in 2014, while liabilities fluctuated, with a notable increase in 2014 to $302,825. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational deficits raise questions about long-term financial sustainability if current trends persist. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation is reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere. Overall, the organization demonstrates a consistent operational pattern but faces challenges in achieving financial equilibrium. The lack of detailed expense breakdowns in the provided data limits a comprehensive assessment of spending efficiency and program focus. Further investigation into the nature of their expenses and funding sources would be beneficial to understand their financial model and sustainability.