Is Faculty Student Association Of Nassau Community College Inc Legit?

The Faculty Student Association Of Nassau Community College Inc has demonstrated consistent financial activity over the past decade, with annual revenues generally ranging between $3.2 million and $5 million. However, recent filings show a trend of expenses exceeding revenue, particularly in 202308 ($4,073,236 expenses vs. $3,299,736 revenue) and 202208 ($4,087,918 expenses vs. $3,449,470 revenue), leading to a decline in assets from a high of $3,142,669 in 202108 to $1,755,684 in 202308. This indicates a period of deficit spending that could impact long-term financial stability if not addressed. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, and the reported 0% officer compensation suggests that executive pay is not a drain on resources, or is not reported in this category. While the organization maintains a healthy asset base relative to its liabilities (e.g., $1,755,684 assets vs. $317,612 liabilities in 202308), the sustained operational deficits are a concern. The NTEE code B41I suggests a focus on student services, and without a detailed breakdown of program vs. administrative expenses, it's challenging to fully assess spending efficiency. However, the absence of reported officer compensation is a positive indicator regarding resource allocation at the top level. Further analysis would require a deeper dive into the functional expense breakdown to determine the proportion of spending directly on programs versus overhead.