AI Transparency Report
The Free Medical Clinic Of Newberry County Inc demonstrates consistent financial operations, with revenues and expenses generally in a similar range over the past decade. For instance, in 2023, revenue was $164,861 against expenses of $176,897, indicating a slight operating deficit, a pattern observed in several years (e.g., 2022: $186,794 revenue vs. $176,997 expenses, 2021: $172,354 revenue vs. $177,562 expenses). While the organization's assets have seen a gradual decline from a high of $283,523 in 2014 to $192,099 in 2023, its liabilities remain relatively low, suggesting a stable, albeit slightly shrinking, asset base. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.
The organization's financial health appears stable but with a trend of expenses often slightly exceeding revenues in recent years, leading to a modest draw on assets. However, the low liability figures across all periods, such as $15,414 in 2023, suggest good financial management regarding debt. The consistent filing of IRS Form 990 over 13 periods demonstrates a commitment to regulatory compliance and transparency, providing a clear historical record of its financial activities. The absence of officer compensation is a significant positive indicator of its operational efficiency and dedication to its charitable purpose.
Overall, the Free Medical Clinic Of Newberry County Inc appears to be a well-managed organization with a clear focus on its mission, supported by its consistent financial reporting and zero executive compensation. While it faces the common challenge of balancing revenues and expenses, its low liabilities and long history of operation suggest resilience. The slight decline in assets warrants monitoring, but it does not immediately signal a crisis given the overall financial stability and commitment to program spending.