Is Bert Broday Jr Trust Fbo The American Heart Association Legit?

The Bert Broday Jr Trust Fbo The American Heart Association demonstrates consistent financial activity, primarily functioning as a supporting organization for the American Heart Association. Its revenue streams fluctuate, as seen by the $1,002,126 in revenue in 2023 compared to $227,130 in 2022, but expenses have remained relatively stable, hovering around $1 million annually. For instance, expenses were $1,059,924 in 2023 and $1,093,548 in 2022. The organization consistently reports minimal liabilities ($1 in recent years) and no officer compensation, indicating a lean operational structure and a focus on its primary beneficiary. Its assets have remained substantial, around $12-13 million, suggesting a well-endowed trust. The lack of detailed program, administrative, and fundraising expense breakdowns in the provided data limits a precise assessment of spending efficiency, but the absence of officer compensation is a positive indicator of transparency regarding executive pay.