Is Farmington Youth Basketball Association Legit?

Farmington Youth Basketball Association demonstrates consistent financial activity, with revenues and expenses generally in balance over the past decade. In the latest filing (202207), the organization reported revenues of $307,970 against expenses of $321,161, indicating a slight operational deficit for that period. However, this is not uncommon for nonprofits and their assets of $101,358 with zero liabilities suggest a stable financial position. The organization's spending efficiency appears strong, particularly given the 0% officer compensation reported across all filings, which implies a volunteer-driven leadership model. This significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards program services. The consistent reporting of zero liabilities also points to sound financial management and a lack of significant debt. Transparency is high, with 11 filings available, indicating a regular and timely submission of IRS 990 forms. The absence of officer compensation is a key indicator of a lean operational structure focused on mission delivery. Overall, Farmington Youth Basketball Association appears to be a financially healthy and efficiently run organization, with a clear commitment to its program beneficiaries.