AI Transparency Report
Alcohol & Substance Abuse Prevention Project Inc demonstrates consistent financial operations with revenues generally exceeding expenses, leading to a steady growth in assets. For example, in 2023, revenue was $1,894,035 against expenses of $1,787,920, resulting in a surplus. The organization's assets have grown from $694,846 in 2014 to $1,542,837 in 2023, indicating sound financial management and accumulation of resources. Liabilities have also increased over time, from $85,849 in 2014 to $696,013 in 2023, which warrants closer examination to understand their nature and impact on financial stability.
The organization appears to be efficient in its spending, with expenses closely tracking revenue, suggesting that funds are being utilized for its programs. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven or very low-cost leadership structure. Overall, the financial health appears stable with a positive trend in asset growth and a strong commitment to transparency regarding executive pay.