Is Phelps Memorial Hospital Association Legit?

Phelps Memorial Hospital Association demonstrates consistent financial growth and appears to maintain a healthy financial position. Over the past decade, the organization's revenue has steadily increased from $224.7 million in 2014 to $419.9 million in 2023, with assets growing from $230 million to $546.7 million in the same period. This sustained growth indicates effective management and a strong operational base. The organization consistently reports expenses significantly lower than its revenue, leading to positive net income each year, which contributes to asset accumulation and financial stability. For instance, in 2023, revenue was $419.9 million against expenses of $377.2 million, resulting in a surplus of over $42 million. The provided data indicates that the organization has reported 0% officer compensation across all available filings, which is highly unusual for an organization of this size and suggests that executive compensation might be reported under different categories or that the 990 data provided is incomplete regarding this specific detail. This lack of explicit officer compensation data on the 990s could be a point of concern for transparency, as it makes it difficult to assess executive pay practices. However, the consistent positive financial performance and asset growth suggest efficient overall financial management, even without a clear breakdown of executive salaries.