No red flags identified.
AI Transparency Report
Friends Of The Johnston County Animal Shelter demonstrates consistent financial health, operating with a lean expense structure and maintaining a healthy asset base relative to its revenue. The organization's latest reported revenue of $198,183 and assets of $247,798 indicate a significant growth compared to previous years, suggesting increased community support or successful fundraising efforts. Historically, expenses have been well-managed, often below or slightly above revenue, ensuring the organization's sustainability. The absence of officer compensation across all reported periods highlights a volunteer-driven model, which contributes to high spending efficiency.
The organization's spending efficiency appears strong, particularly given the zero officer compensation. This suggests that a very high percentage of funds are likely directed towards program services, though specific program spending ratios are not detailed in the provided data. The consistent growth in assets over the years, from $29,870 in 2013 to $247,798 currently, further underscores sound financial management and the ability to build reserves. The organization's transparency is good, with a consistent history of IRS 990 filings over nine periods, indicating compliance with reporting requirements.
Overall, Friends Of The Johnston County Animal Shelter appears to be a financially sound and efficiently run nonprofit. Its growth in revenue and assets, coupled with a volunteer-led structure, suggests a strong commitment to its mission with minimal overhead. The lack of liabilities across all reported periods is also a positive indicator of responsible financial stewardship.