Is New York Presbyterian Lawrence Hospital Legit?

New York Presbyterian Lawrence Hospital's financial health shows a significant shift over the years. While earlier periods (2011-2016) consistently reported substantial assets and revenues in the hundreds of millions, the latest filing for Period 201804 shows a dramatic decrease in revenue to $71,990,325 and reported assets of $0. This suggests a major restructuring or change in reporting, potentially indicating an absorption into a larger entity or a change in its independent financial operations. The organization consistently reported expenses close to or exceeding revenue, with the latest filing showing expenses of $74,874,554 against $71,990,325 in revenue, resulting in a deficit. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 'Officer Comp=0%' across all available periods suggests a high degree of transparency regarding executive compensation, or that executive compensation is handled by a parent organization. The sudden drop to $0 assets in the latest filing is a critical point that warrants further investigation to understand the current financial structure and operational independence of the hospital. Overall, the financial picture is complex due to the drastic change in reported assets and revenue in the most recent filing. While historical data showed a large, active hospital, the latest data points to a significant operational or structural change. The lack of detailed spending categories beyond total expenses limits a comprehensive assessment of spending efficiency, but the consistent zero officer compensation is a positive indicator of transparency in that specific area.