AI Transparency Report
Rumford Hospital demonstrates a generally stable financial position with consistent revenue growth over the past few years. In the 202306 period, the organization reported revenues of $60,269,642 against expenses of $52,943,470, indicating a healthy operating surplus. This trend of revenue exceeding expenses is largely consistent, with a notable increase in revenue from $43,050,190 in 201906 to over $60 million in 202306. The hospital's assets have fluctuated, reaching a high of $35,581,182 in 202006 before settling at $22,171,837 in 202306, while liabilities have remained manageable relative to assets.
The organization's spending efficiency appears sound, as evidenced by the consistent operating surpluses in recent years. The absence of reported officer compensation across all available filings suggests either that executive compensation is not reported in this specific field or that it is exceptionally low, which could be a positive indicator for resource allocation towards its mission. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to regulatory transparency.
Overall, Rumford Hospital appears to be a financially stable entity with a positive trend in revenue and a history of consistent regulatory compliance. The lack of reported officer compensation is a unique aspect that, if accurate, points to a highly mission-focused approach to resource management. Further detail on expense allocation would enhance the transparency assessment.