Is Tanner Medical Center Legit?

Tanner Medical Center appears to be facing significant financial challenges based on its recent IRS 990 filings. In both 2016 and 2017, the organization reported expenses that substantially exceeded its revenue, leading to net losses. For instance, in 2017, expenses of $7,313,332 outstripped revenue of $7,079,837, and a similar trend was observed in 2016 with expenses of $6,718,198 against revenue of $3,265,362. This consistent deficit spending is a major concern for long-term sustainability. The organization's asset base is relatively small compared to its liabilities. In 2017, assets were $816,661 while liabilities stood at a substantial $34,196,307. This high debt-to-asset ratio indicates a precarious financial position. The filings do not provide a detailed functional expense breakdown, making it difficult to assess spending efficiency across programs, administration, and fundraising. However, the absence of reported officer compensation in both periods suggests a potential lack of transparency regarding executive remuneration, or that compensation is structured in a way not captured by this specific line item on the 990-EZ form. Given the available data, Tanner Medical Center's financial health appears weak, characterized by persistent operating losses and a heavy debt burden. The lack of detailed expense allocation in the provided summary also limits a thorough assessment of spending efficiency and program focus. The organization's ability to continue its mission may be at risk without significant changes to its financial model.