AI Transparency Report
Big Brothers Big Sisters Of Southern Maine demonstrates a generally stable financial position, though recent years show a trend of expenses exceeding revenue. For instance, in the 202312 period, expenses were $824,746 against revenues of $743,009, indicating a deficit. This pattern is also visible in 202209 ($770,921 expenses vs. $513,096 revenue) and 202109 ($639,880 expenses vs. $560,774 revenue). While the organization maintains substantial assets, reported at $1,496,934 in the latest filing, the consistent operational deficits could impact long-term sustainability if not addressed. The organization's transparency is commendable given the consistent reporting of 0% officer compensation across all available filings, suggesting that executive pay is not a significant drain on resources or is not reported in this category.
The organization's asset base has fluctuated, peaking at $2,106,993 in 201609 and declining to $1,496,934 by 202312. This reduction, coupled with the recurring deficits, warrants attention. However, liabilities remain relatively low, with $167,471 in 202312, which is a positive indicator of financial stability. The significant revenue spike in 201509 to $2,300,062, followed by a return to typical levels, suggests a potential one-time event or large grant that year, which is not sustained in subsequent periods. Overall, while the organization has a strong asset base and low liabilities, the trend of spending more than it earns in recent years is a key area for financial management focus.