Is Ur Medicine Home Care Licensed Inc Legit?

Ur Medicine Home Care Licensed Inc demonstrates consistent financial activity, with revenues and expenses generally in the $10-14 million range over the past decade. The organization has shown a positive trend in net assets, growing from $1.6 million in 2013 to $14.5 million in 2022, indicating a strengthening financial position. However, liabilities have also increased significantly, reaching $16.7 million in 2022, which warrants closer examination. The organization's latest revenue of $10,074,921 and assets of $20,362,351 suggest a stable, albeit moderately sized, operation. Spending efficiency appears reasonable, with expenses generally tracking closely to revenue. For instance, in 2022, expenses were $8,984,154 against revenues of $10,406,944, resulting in a surplus. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency, suggesting that executive leadership is either unpaid or compensated through a related entity not reflected in this specific filing's officer compensation section. This practice, while not inherently negative, could obscure the full picture of leadership costs if compensation is routed elsewhere. Overall, the organization appears financially stable with a growing asset base. Its transparency regarding officer compensation, or lack thereof in this specific filing, is a key point. Further investigation into the nature of its liabilities and the full compensation structure for leadership would provide a more complete understanding of its financial health and transparency practices.