Is Cayuga Seneca Community Action Agency Inc Legit?

Cayuga Seneca Community Action Agency Inc demonstrates consistent financial activity, with revenues and expenses generally in the range of $8.5 million to $10.2 million over the past decade. The organization's assets have shown growth, increasing from $2,046,737 in 2014 to $3,976,549 in 2023, indicating a strengthening financial position. While the latest filing (202307) shows expenses slightly exceeding revenue ($10,224,627 vs. $10,158,388), this is a minor deficit and not indicative of a systemic issue, especially given periods of surplus in prior years like 202207 ($10,238,822 revenue vs. $10,123,365 expenses). The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this section, which would warrant further investigation. The organization's spending efficiency appears stable, with expenses closely tracking revenues. The lack of reported officer compensation in the provided data is a notable point for transparency; if this means no officers receive compensation, it's a significant strength. However, if it means compensation is reported elsewhere or not fully disclosed, it could be a concern. The organization's liabilities have fluctuated but remain manageable relative to its assets, with a liability-to-asset ratio of approximately 0.39 in 2023 ($1,544,454 liabilities / $3,976,549 assets), indicating a healthy balance sheet. Overall, Cayuga Seneca Community Action Agency Inc appears to be a financially stable organization with a consistent operational scale. The growth in assets over time suggests prudent financial management. The absence of reported officer compensation is a key factor in assessing transparency and efficiency, and further detail on this would enhance the analysis.