No red flags identified.
AI Transparency Report
Bart J Ruggiere Adaptive Sports demonstrates a generally healthy financial position with consistent revenue growth over the past several years, peaking at $230,720 in 2021 before a slight dip to $160,614 in 2022. The organization maintains a strong asset base relative to its liabilities, with assets of $227,510 and liabilities of $1,665 in 2022, indicating good financial stability. Their program spending efficiency appears robust, as evidenced by the low administrative and fundraising costs.
The organization's spending efficiency is commendable, with a significant portion of its expenses directed towards program services. For instance, in 2022, expenses were $156,839 against revenues of $160,614, showing tight management. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards their mission rather than executive salaries. This practice significantly enhances donor confidence.
Overall, Bart J Ruggiere Adaptive Sports appears to be a well-managed and transparent nonprofit. Their financial health is stable, and their operational model prioritizes program delivery, making them an efficient steward of donor funds. The consistent growth in assets and careful management of liabilities further solidify their financial standing.