Is Cortez Retail Enhancement Association Legit?

The Cortez Retail Enhancement Association demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $194,097 in 2014 to $256,024 in 2023, indicating a healthy ability to attract funding. The organization consistently operates with a surplus, as seen in 2023 where revenue of $256,024 exceeded expenses of $226,769, contributing to a growing asset base which reached $234,997 in 2023. This financial prudence suggests effective management of resources. Spending efficiency appears strong, with a significant portion of expenses likely directed towards program services given the nature of a retail enhancement association. The consistent growth in assets and relatively low liabilities ($29,868 in 2023) further support a positive financial outlook. The absence of officer compensation reported across all filings indicates a volunteer-driven leadership, which can be a strong indicator of dedication and efficient use of funds. Transparency is high, as evidenced by the consistent filing of IRS Form 990s over 13 periods, making their financial data readily available for public scrutiny. The detailed financial history provided allows for a clear understanding of their operational trends and financial health, reinforcing trust in their stewardship of funds.