Is Faculty Student Association Broome Community College Legit?

The Faculty Student Association Broome Community College exhibits fluctuating financial performance over the past decade. While the organization reported significant revenues in fiscal years 2019 and 2020 (e.g., $6,973,606 and $4,803,988 respectively), more recent filings show a decline, with 2023 revenue at $1,235,781 and expenses exceeding revenue at $2,060,498. This indicates a deficit spending trend in the most recent periods. The organization maintains substantial assets, reaching $10,958,473 in 2023, which provides a buffer against operational shortfalls. However, the consistent lack of reported officer compensation across all filings suggests either a volunteer-led executive structure or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the recent trend of expenses significantly outpacing revenue (e.g., 2023 and 2022) suggests potential operational inefficiencies or a strategic draw on reserves. The organization's asset base has grown considerably from $1,157,729 in 2014 to over $10 million in recent years, indicating effective asset management or significant capital inflows during certain periods. Transparency regarding executive compensation is high, as zero compensation is reported for officers in all available filings. However, the absence of NTEE code and detailed expense breakdowns limits a comprehensive assessment of program efficiency and overall financial health. The significant swings in revenue and expenses warrant closer examination to understand the underlying operational dynamics and financial strategy.