AI Transparency Report
The Fidalgo Island Rotary Foundation demonstrates a generally stable financial position, with assets growing from $75,906 in 2014 to $447,038 currently, indicating effective asset management over the long term. While revenue has fluctuated, with a high of $278,901 in 2021 and a low of $63,771 in 2014, the organization has consistently maintained positive net assets. The most recent filing (202306) shows expenses ($220,785) exceeding revenue ($164,795), resulting in a deficit for that period, which warrants monitoring, though it hasn't significantly eroded overall assets. The consistent reporting of 0% officer compensation across all filings is a strong indicator of financial efficiency and a volunteer-driven leadership model, contributing positively to its transparency and public trust.
The foundation's spending efficiency appears high given the absence of officer compensation, suggesting that a significant portion of funds is directed towards its charitable programs. Without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise efficiency ratio cannot be calculated. However, the lack of executive salaries inherently reduces administrative overhead. The organization's consistent filing of IRS Form 990s over nine periods demonstrates a commitment to regulatory compliance and financial transparency, allowing public scrutiny of its operations.
Overall, Fidalgo Island Rotary Foundation appears to be a financially sound organization, characterized by growing assets, a volunteer-led structure, and a good record of transparency through its consistent IRS filings. The recent deficit in the 202306 period is a point to watch, but the overall trend of asset growth and zero officer compensation suggests a well-managed and program-focused entity.