AI Transparency Report
Grand Valley Amateur Hockey Association Inc demonstrates consistent financial activity, with revenues fluctuating but generally increasing over the past five years, reaching $309,784 in the latest filing period (202406). The organization appears to operate on a relatively lean budget, with expenses closely tracking revenues. For instance, in 202406, expenses were $331,851 against revenues of $309,784, indicating a slight deficit for that period. However, previous years like 202306 showed a surplus ($254,899 revenue vs. $212,823 expenses), suggesting a generally balanced approach to spending.
The organization's asset base has shown steady growth, from $72,660 in 202006 to $160,047 in 202406, indicating prudent financial management and accumulation of resources. Liabilities have remained very low, often at $0, with a minor increase to $4,099 in 202406, which is a positive sign of financial stability. The absence of officer compensation reported across all filings suggests a volunteer-driven leadership structure, which enhances efficiency by directing more funds to programs.
Overall, Grand Valley Amateur Hockey Association Inc appears to be a financially stable and efficiently run organization. Its consistent growth in assets, minimal liabilities, and lack of executive compensation point to a strong commitment to its mission. The slight deficit in the latest period warrants monitoring but is not alarming given the overall trend and asset growth.