Is Trustees Of The Eastern Star Hall And Home Of The State Of New York Legit?

Trustees Of The Eastern Star Hall And Home Of The State Of New York demonstrates a consistent operational pattern, with expenses frequently exceeding revenue in recent years. For example, in 2023, expenses were $8,151,690 against revenues of $6,879,165, indicating a deficit. This trend is also visible in 2022 ($7,660,450 expenses vs. $6,221,128 revenue) and 2021 ($7,498,290 expenses vs. $5,903,487 revenue). While the organization has substantial assets, reported at $11,264,096 in 2023, its liabilities are also significant, standing at $11,065,914 in the same year, resulting in a relatively thin net asset position. The organization consistently reports 0% officer compensation, which is a positive indicator for transparency regarding executive pay. The financial health appears stable due to its asset base, but the recurring operational deficits suggest a reliance on drawing down reserves or other non-operating income sources to cover expenses. The NTEE code E910 typically relates to residential care facilities, which often have high operational costs. The lack of reported officer compensation is a strong point for transparency and efficient use of funds at the executive level. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. Overall, the organization maintains a significant asset base, but its operational finances show a pattern of spending more than it earns annually. The absence of officer compensation is a notable strength in terms of executive financial transparency.