Is Vassar Brothers Medical Center Legit?

Vassar Brothers Medical Center demonstrates a consistent operational scale, with revenues in the latest reported period (202309) at $774,380,228 and expenses at $804,194,259, indicating a slight operational deficit for that specific year. Over the past several years, the organization has generally maintained a positive net income, contributing to its substantial asset base of $1,208,509,203 as of 202309. The organization's NTEE code E220 indicates it is a general hospital, which typically involves high operational costs. The consistent reporting of 0% for Officer Compensation across all available filings suggests that executive compensation is either not reported in this specific field or is handled through a related entity, which could impact the assessment of internal financial transparency regarding leadership remuneration. Further investigation into related party transactions would be necessary to fully understand executive compensation practices. The organization's financial health appears stable given its significant assets and consistent revenue streams, typical for a large medical center. However, the recent operational deficit in 202309, where expenses exceeded revenue by approximately $30 million, warrants attention. While not necessarily a red flag for a single year, especially in the healthcare sector, it's a trend to monitor. The substantial liabilities, reaching $710,974,734 in 202309, are also typical for a large hospital but should be managed carefully against its asset base. The absence of reported officer compensation in the provided data makes it difficult to assess spending efficiency in this specific area.