Is Broome Volunteer Emergency Squad Inc Legit?

Broome Volunteer Emergency Squad Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $1.2 million to $1.3 million annually, with a notable increase in the latest filing period to $1,898,736. The organization consistently operates with expenses closely aligned with revenue, indicating a lean operational model. Their asset base has shown significant growth, more than doubling from $529,265 in 2019 to $1,163,956 in 2023, suggesting effective asset accumulation or investment. Liabilities have fluctuated but remain manageable relative to assets. The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-driven leadership or that compensation is not reported in this category. This contributes to a higher proportion of funds likely directed towards program services. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory compliance and transparency. Overall, Broome Volunteer Emergency Squad Inc appears to be a financially sound and efficiently managed organization. The significant increase in revenue and assets in the most recent period (202310) suggests successful fundraising or increased demand for services, while maintaining a tight control over expenses. The absence of reported officer compensation is a key indicator of their operational model and commitment to directing resources to their mission.