Is Faculty Student Association Of The Tompkins Cortland Community Colleg Legit?

The Faculty Student Association Of The Tompkins Cortland Community College demonstrates consistent financial activity, with revenues and expenses generally in the range of $2.8 million to $3.5 million over the past decade. The organization has maintained positive net assets, growing from $740,406 in 2015 to $1,289,753 in 2023, indicating sound financial management and accumulation of resources. Their liabilities have fluctuated but remained manageable relative to assets, with the latest filing showing $230,000 in liabilities against $1,289,753 in assets. Spending efficiency appears reasonable, with expenses closely tracking revenues. For instance, in 2023, expenses were $3,168,159 against revenues of $3,588,642, resulting in a surplus. This consistent operational balance suggests effective resource allocation. The absence of reported officer compensation across all filings indicates a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive indicator of financial stewardship. Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The lack of officer compensation also simplifies the analysis of how funds are being utilized. While specific program, administrative, and fundraising breakdowns are not explicitly detailed in the provided summary, the overall financial health and consistent operational surpluses in recent years suggest a well-managed entity.