AI Transparency Report
White Plains Medical Center demonstrates robust financial growth over the past decade, with revenue increasing from $425 million in 2014 to over $1 billion in 2023. The organization consistently maintains a healthy surplus, indicating effective financial management. For instance, in 2023, revenues of $1,035,172,357 exceeded expenses of $902,652,569, resulting in a significant operating margin. This consistent surplus contributes to the substantial growth in assets, which have expanded from $336 million in 2014 to $1.72 billion in 2023.
The organization's spending efficiency appears strong, as evidenced by the consistent generation of surpluses. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health suggests that a significant portion of expenses are directed towards its mission. The absence of reported officer compensation in the provided data for all periods is notable and could indicate either a highly efficient compensation structure or that executive compensation is reported differently or not applicable in the summarized data, which warrants further investigation for complete transparency.
Overall, White Plains Medical Center exhibits strong financial health and growth. The consistent increase in assets and revenue, coupled with positive operating margins, points to a well-managed and sustainable operation. Further detailed analysis of functional expenses would provide a more granular understanding of spending efficiency across programs, administration, and fundraising.