Is The Frederick Ferris Thompson Hospi Tal Legit?

The Frederick Ferris Thompson Hospital demonstrates consistent financial activity, with revenues generally keeping pace with or slightly exceeding expenses over the past decade. For instance, in 2023, the organization reported revenues of $211,238,461 against expenses of $212,205,452, indicating a slight operational deficit for that year. However, in 2021, it showed a surplus with revenues of $183,027,085 and expenses of $170,859,462. The organization's assets have grown steadily, from $117,309,695 in 2014 to $195,076,012 in 2023, suggesting a healthy accumulation of resources. Liabilities have also increased, but at a rate that appears manageable relative to asset growth. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent operational scale and growth in assets suggest that the organization is effectively managing its resources to deliver its mission. The absence of reported officer compensation across all available filings is a notable point regarding transparency, as it could indicate that executive compensation is not reported in this section or that the organization operates with a unique compensation structure. Overall, the hospital appears to be in a stable financial position, capable of sustaining its operations. The growth in revenue and assets over the long term indicates a robust and expanding organization. Further details on the allocation of expenses would provide a more complete picture of its spending efficiency and program impact.