Is Association Of Forensic Quality Assurance Managers Legit?

The Association Of Forensic Quality Assurance Managers demonstrates a generally stable financial position with fluctuating revenue and expenses over the past nine years. While the organization reported a net loss in 2023 with expenses of $220,055 exceeding revenue of $165,029, it has also shown periods of surplus, such as in 2022 where revenue of $115,548 surpassed expenses of $81,755. The organization consistently reports $0 in liabilities, indicating a healthy balance sheet and minimal debt burden. Assets have fluctuated but remained within a range of approximately $84,814 to $139,840, suggesting prudent management of its financial resources. The organization's transparency is strong, particularly regarding executive compensation, as it consistently reports 0% officer compensation across all available filings. This indicates that the organization is likely volunteer-led or compensates its leadership through non-salary means, which can be a positive sign for donors concerned about administrative overhead. The consistent filing of IRS Form 990s over nine periods also demonstrates a commitment to regulatory compliance and public disclosure. Spending efficiency, while not fully detailed without a functional expense breakdown, appears reasonable given the organization's size and mission. The absence of officer compensation suggests a high proportion of funds are directed towards program activities or essential administrative functions. However, the significant expense increase in 2023, leading to a deficit, warrants closer examination to understand the nature of these expenditures and their alignment with the organization's mission.