AI Transparency Report
The Crescent River Port Pilots Foundation demonstrates consistent financial activity, with revenues and expenses generally fluctuating around the $100,000 to $150,000 range over the past decade. While the organization reported a deficit in 2023 with expenses of $160,742 exceeding revenue of $117,700, this is not an isolated incident, as deficits were also observed in 2021, 2019, 2017, 2016, 2015, and 2014. The organization's assets have shown a declining trend over the long term, from $183,307 in 2014 to $4,781 in 2023, indicating a potential reliance on current year funding rather than building significant reserves. However, the absence of reported liabilities across all filings suggests a healthy balance sheet in terms of debt.
The foundation's spending efficiency appears to be a mixed bag. While specific program spending ratios are not provided in the raw data, the consistent reporting of 0% officer compensation across all filings is a strong indicator of efficient use of funds, as no portion of donations is diverted to executive salaries. This suggests a volunteer-driven or very lean operational model. The organization's transparency is high given its consistent filing of IRS Form 990s over 13 periods, providing a clear historical record of its financial operations. The lack of liabilities further enhances its financial transparency and stability.