AI Transparency Report
The Coalition To Abolish Slavery & Trafficking (CAST) demonstrates a generally sound financial position, with consistent revenue growth over the past decade, increasing from $2.7 million in 2014 to over $6.5 million in 2023. While the organization experienced a deficit in 2023, with expenses exceeding revenue by approximately $1.28 million, this follows a strong surplus in 2022. Their asset base has also grown significantly, reaching over $8.1 million in 2023, indicating a healthy accumulation of resources to support their mission. 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 a way that is captured by this metric, which warrants further investigation.
Spending efficiency appears to be robust, with a significant portion of expenses likely directed towards program services, given the nature of their mission and the absence of high administrative or fundraising costs indicated by the 0% officer compensation. The organization's ability to manage its liabilities, which have fluctuated but remained manageable relative to assets, further supports its financial stability. The growth in both revenue and assets over time suggests effective fundraising and financial management.
Overall, CAST appears to be a financially stable organization with a strong commitment to its mission, as evidenced by its growth and consistent financial reporting. The lack of reported officer compensation across all filings is a notable point for transparency, suggesting either very low or no compensation for officers, or a reporting method that doesn't capture it in this specific field, which is a positive indicator for donor confidence if the former, but requires clarification if the latter.