AI Transparency Report
Hartland Band Boosters Inc demonstrates a generally stable financial position, with revenues consistently exceeding expenses in most recent years, contributing to a healthy asset base. For instance, in 202405, the organization reported revenues of $124,727 against expenses of $113,656, indicating a surplus. The organization's assets have fluctuated, reaching a high of $297,584 in 202105, but have since stabilized around $85,743 in 202405. This fluctuation, particularly the significant drop in assets from 202105 to 202205, warrants closer examination to understand the underlying causes, though it appears to be related to a reduction in liabilities.
The organization's spending efficiency appears strong, as evidenced by the consistent surpluses and the fact that no officer compensation has been reported across all available filings. This suggests that resources are primarily directed towards the organization's mission rather than administrative overhead related to executive salaries. The NTEE code B112 (Booster Clubs) aligns with their name, indicating a clear program focus.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. The absence of officer compensation simplifies the analysis of resource allocation. However, the significant swings in revenue and assets, such as the jump to $348,498 in revenue in 202205 and the subsequent drop, could benefit from more detailed explanations in their public disclosures to provide a clearer picture of their operational dynamics.