Is Guardian Hose Holding Company Legit?

Guardian Hose Holding Company appears to be a supporting organization, likely holding assets for another entity, given its NTEE code S47 (Support Organizations) and consistent revenue and expense patterns. Its financial health shows a stable asset base, though it has been gradually declining from $2,294,363 in 2014 to $1,727,599 in 2023. Liabilities have also decreased proportionally, maintaining a consistent debt-to-asset ratio. The organization consistently reports zero officer compensation, which is a positive indicator for transparency regarding executive pay. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, in recent years (2021-2023), expenses have been consistently lower than revenue, allowing for a modest increase in net assets or reduction in liabilities. For example, in 2023, revenue was $113,030 against expenses of $80,625, indicating a surplus. The lack of detailed program spending information in the provided data makes it challenging to evaluate program efficiency directly. Transparency is generally good regarding executive compensation, as it consistently reports $0.