Is Northern Maine General Legit?

Northern Maine General has experienced a concerning trend of declining revenue and increasing expenses over the past few years, leading to significant net losses. For example, in fiscal year 2024, the organization reported revenue of $7,718,492 against expenses of $9,791,427, resulting in a deficit of over $2 million. This trend is consistent with the prior year (2023), where expenses exceeded revenue by over $1.7 million. The organization's assets have also seen a substantial decrease, falling from a high of $11,401,874 in 2016 to $5,854,047 in 2024, while liabilities have remained relatively stable or slightly increased in recent years, indicating potential financial strain. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this area, which is a positive sign for transparency and efficiency.