Is Olean General Hospital Legit?

Quick charity verification for Olean General Hospital (EIN: 160743102)

Verdict: Olean General Hospital appears trustworthy

70/100Mission Score
$211.0MRevenue
$154.3MAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Olean General Hospital demonstrates a consistent operational deficit in recent years, with expenses exceeding revenue in 2023 ($210,475,779 vs. $199,895,542) and 2022 ($200,445,334 vs. $175,027,214). This trend suggests potential financial strain, although the organization maintains substantial assets ($154,324,250 latest) which could provide a buffer. The hospital's NTEE code E220 indicates it is a general hospital, aligning with its mission to provide healthcare services. The absence of reported officer compensation across all filings is unusual for an organization of this size and could indicate that compensation is reported under different categories or that key executives are compensated by an affiliated entity, which warrants further investigation for full transparency. While the financial health shows recent challenges, the consistent filing history indicates a commitment to regulatory transparency.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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