Is Adams County Education Consortium Legit?

Adams County Education Consortium demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade, indicating stable operations. For instance, in 202206, revenue was $1,458,916 against expenses of $1,337,776. However, the most recent filing (202306) shows expenses of $1,493,131 exceeding revenue of $1,113,226, resulting in a deficit for that period. The organization's assets have grown significantly over time, from $299,260 in 201406 to $1,235,224 in 202306, suggesting effective asset management and growth. Liabilities have also increased, particularly in the most recent period, reaching $1,150,256 in 202306, which warrants closer examination to understand their nature and impact on financial health. The organization's transparency is commendable regarding executive compensation, consistently reporting 0% officer compensation across all available filings. This indicates that the highest-ranking individuals are either volunteers or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence. The consistent filing of IRS Form 990s over 13 periods also reflects a commitment to regulatory compliance and public disclosure. While specific program spending ratios are not provided in the raw data, the overall financial trends suggest a focus on maintaining operational capacity to deliver on its mission. Despite the recent deficit in 202306, the long-term trend of revenue generation and asset growth points to a generally healthy and well-managed organization. The significant increase in liabilities in the latest period, however, is a point of concern that could impact future financial flexibility if not managed effectively. Overall, the consortium appears to be a financially stable entity with a strong commitment to transparency regarding executive pay.