AI Transparency Report
Glen Rock Athletic Club Corp demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past four years, revenue has steadily increased from $113,193 in 2020 to $402,618 in 2023, indicating growing community support or program expansion. The organization consistently maintains a positive net asset position, growing from $196,115 in 2020 to $287,304 in 2023, suggesting sound financial management and an ability to build reserves. Their liabilities have also decreased significantly from $198,123 in 2020 to $63,865 in 2023, further strengthening their balance sheet.
The organization's spending efficiency is commendable, with expenses consistently below revenue, allowing for asset growth. For instance, in 2023, expenses were $350,207 against revenues of $402,618. A key indicator of their commitment to mission is the reported 0% officer compensation across all filings, which suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, potentially indicating a high proportion of resources directed towards programs. However, without a detailed functional expense breakdown (program, administrative, fundraising), a precise assessment of spending efficiency is limited. The NTEE code N50 (Recreational, Sports, Leisure, & Athletics) aligns well with their name and likely activities.
In terms of transparency, the consistent filing of IRS Form 990s is a positive sign. The absence of reported officer compensation is a strong indicator of a lean operational structure. However, the lack of detailed functional expense breakdowns in the provided data makes it difficult to fully assess the proportion of spending dedicated directly to programs versus administrative or fundraising costs. While the overall financial health appears robust, more granular expense data would enhance transparency and allow for a more precise evaluation of program efficiency.