Is Associated Builders And Contractors Inc Legit?

Associated Builders And Contractors Inc (ABC) demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In the latest reported period (202312), the organization reported revenues of $2,807,155 against expenses of $2,890,910, indicating a slight operating deficit for that year. However, the organization maintains a healthy asset base of $2,371,445, which has grown steadily from $1,653,857 in 201412, suggesting long-term financial stability despite occasional annual deficits. The organization's liabilities have also increased proportionally with assets, reaching $1,697,360 in 202312. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent operational scale and growth in assets suggest effective management of resources to support its activities. The absence of reported officer compensation across all filings indicates either a volunteer-led executive structure or that compensation is reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere. Overall, ABC appears to be a financially stable organization with a growing asset base. Its consistent filing history and growth in financial metrics suggest a well-established entity. However, the lack of specific spending category breakdowns and the zero officer compensation reported across all periods warrant further investigation for a complete transparency assessment.