Is Florida Assisted Living Affiliation Legit?

The Florida Assisted Living Affiliation (FALA) demonstrates consistent financial growth and a healthy asset base. In 2023, the organization reported revenue of $1,598,617 against expenses of $1,408,761, resulting in a surplus that contributed to an increase in assets to $1,706,525. This trend of revenue exceeding expenses has been largely consistent over the past five years, indicating sound financial management and sustainability. The organization's liabilities are manageable, representing approximately 23% of assets in 2023, which is a healthy ratio. FALA's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings. This suggests that the organization is not burdened by high executive salaries, allowing more funds to be directed towards its mission. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the absence of officer compensation is a positive indicator of cost control. The consistent growth in assets also suggests effective stewardship of resources. Regarding transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating compliance with reporting requirements. The consistent reporting of 0% officer compensation is a notable aspect of its financial transparency, as it clearly communicates that no compensation is paid to officers. This level of transparency regarding executive pay is commendable and builds trust with stakeholders. Overall, FALA appears to be a financially stable and well-managed nonprofit.