Is Georgia State Retirees Association Legit?

The Georgia State Retirees Association demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. For the latest period (202212), the organization reported revenues of $122,561 against expenses of $111,596, indicating a modest surplus. Its assets have shown steady growth, reaching $125,950 in 2022, up from $71,353 in 2013, suggesting sound financial management and accumulation of reserves. The organization's liabilities have remained relatively low, with $170 reported in 2022, which is a positive indicator of financial stability. Regarding spending efficiency, the organization consistently reports 0% officer compensation, which is a strong positive for donor confidence as it implies all funds are directed towards operational costs and programs. Without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise efficiency ratio cannot be calculated. However, the consistent surpluses and asset growth, coupled with no executive compensation, suggest a lean operational model. Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation is a key transparency point. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for external analysis.