Is Bridgton & Waterford School Age Child Care Association Inc Legit?

Bridgton & Waterford School Age Child Care Association Inc appears to be a small, community-focused organization providing child care services. Their financial health shows some volatility, with recent years (2022 and 2023) reporting expenses exceeding revenue, leading to a decrease in assets from a high of $119,530 in 2014 to $54,811 in 2023. This trend of operating at a deficit could be a concern if it continues. The organization demonstrates strong spending efficiency in terms of executive compensation, reporting 0% officer compensation across all available filings, which is excellent for a nonprofit. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess program spending versus administrative and fundraising costs. The consistent reporting of zero liabilities in recent years (2015-2023) indicates good short-term financial management. Transparency is generally good, with consistent IRS 990 filings. The lack of officer compensation is a positive indicator of resources being directed towards the mission rather than executive salaries. To further enhance transparency, a more detailed breakdown of program, administrative, and fundraising expenses would be beneficial for external stakeholders.