Is Speare Memorial Hospital Legit?

Speare Memorial Hospital demonstrates consistent financial operations, with revenues generally exceeding expenses over the past decade. For instance, in the 202306 period, the organization reported revenues of $78,762,729 against expenses of $77,186,933, indicating a positive operating margin. The hospital maintains substantial assets, reported at $91,200,273 in 202306, which provides a solid financial foundation. However, a notable aspect is the consistent reporting of 0% for officer compensation across all available filings, which is unusual for an organization of this size and could indicate that executive compensation is reported under other expense categories or that the 990 data provided is incomplete regarding this specific detail. This lack of explicit executive compensation data impacts transparency. The organization's financial health appears stable, with a trend of increasing revenue over the long term, from $45,298,386 in 201506 to $78,762,729 in 202306. While specific program spending ratios are not directly provided in the summary data, the consistent positive operating margins suggest efficient management of resources relative to its mission as a hospital. The significant asset base relative to liabilities (e.g., $91,200,273 assets vs. $27,342,761 liabilities in 202306) indicates a healthy balance sheet. The absence of detailed spending breakdowns for programs, administration, and fundraising in the provided data limits a precise assessment of spending efficiency in those specific areas.