AI Transparency Report
Brock Hughes Free Clinic Inc. demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. In the most recent filing (202309), the organization reported assets of $1,763,363 against liabilities of $69,518, indicating strong solvency. Revenue has fluctuated, with a notable peak of $3,581,796 in 201509 and a more recent high of $1,554,804 in 202309. The clinic has shown a positive net income in several recent years, including $425,163 in 202309 and $99,974 in 202209, suggesting effective financial management in those periods. However, there have been years with significant deficits, such as 201809 where expenses exceeded revenue by over $330,000, and 201609 with a deficit exceeding $1.4 million, which could indicate variability in funding or program costs.
The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the absence of executive compensation is a positive indicator for donor confidence regarding resource allocation. The clinic's consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to regulatory compliance and financial transparency.
Overall, Brock Hughes Free Clinic Inc. appears to be a financially sound organization with a strong commitment to its mission, as evidenced by its consistent operations and lack of executive compensation. While revenue and expense figures have varied, the organization has maintained a healthy asset base and has shown recent positive financial performance. The consistent transparency through regular IRS filings further strengthens its profile.