Is Boothbay Region District Nursing Assoc Inc Legit?

Boothbay Region District Nursing Assoc Inc demonstrates consistent financial stability, operating with a healthy asset base relative to its annual revenue. For instance, in the latest period (202406), assets stood at $155,582 against revenues of $136,438. The organization consistently reports zero liabilities, indicating a strong balance sheet and prudent financial management. Their spending efficiency appears robust, with expenses generally aligning with or slightly below revenue, as seen in 202406 where expenses were $120,737 against $136,438 in revenue. The absence of officer compensation across all reported periods suggests a volunteer-driven leadership, which significantly reduces administrative overhead and maximizes funds available for programs. The organization's transparency is high, evidenced by its consistent filing of IRS Form 990s and the clear reporting of financial data. The lack of executive compensation is a notable positive indicator of a mission-first approach. While specific program spending details are not provided in the summary data, the overall financial health and operational model suggest a strong commitment to its mission, likely directing a substantial portion of its budget directly to nursing services in the Boothbay region. The organization's revenue has fluctuated over the years, from a high of $187,314 in 201506 to a low of $77,461 in 201606, but it has maintained a positive net asset position throughout.