AI Transparency Report
Our Lady Of Consolation Nursing & Rehabilitative Care Center demonstrates a fluctuating financial health over the past decade. While the organization reported a positive net income in 2023 ($52,023,627 revenue vs. $48,914,472 expenses), it experienced significant deficits in prior years, such as 2022 ($41,442,045 revenue vs. $49,418,346 expenses) and 2021 ($38,680,841 revenue vs. $52,099,471 expenses). This pattern suggests an inconsistent ability to cover expenses with revenue. The organization's liabilities have also consistently exceeded its assets in recent years, with 2023 showing $60,197,592 in liabilities against $49,872,901 in assets, indicating a potentially precarious financial position.
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 operational deficits in many years suggest that overall spending has frequently outpaced revenue. The absence of reported officer compensation across all filings could indicate that executive salaries are either very low, covered by a related entity, or not reported in a way that is immediately visible, which could impact transparency perceptions depending on the actual compensation structure.
Overall, while the organization provides essential services (NTEE Code E910 suggests nursing and rehabilitative care), its financial stability appears to be a concern due to recurring deficits and a negative net asset position. Greater detail on expense allocation would be necessary for a comprehensive assessment of spending efficiency.