Is Hawaii Saddle Club Legit?

The Hawaii Saddle Club demonstrates a generally stable financial position with fluctuating but often positive net income. In 2023, the organization reported revenue of $199,205 against expenses of $182,718, resulting in a surplus. Assets have shown growth over the years, reaching $102,919 in 2023, with no reported liabilities in recent filings, indicating strong financial solvency. The club's revenue has varied significantly, from a low of $57 in 2021 to a high of $199,205 in 2023, suggesting reliance on periodic events or donations rather than consistent income streams. Spending efficiency appears to be reasonable, though a detailed breakdown of program versus administrative and fundraising expenses is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings is a strong indicator of efficient use of funds, as it suggests a volunteer-driven leadership structure. This practice significantly reduces overhead costs that often burden smaller nonprofits. Transparency is high regarding executive compensation, as the organization consistently reports no officer compensation. The availability of multiple years of IRS 990 filings also contributes to transparency, allowing for a historical review of financial performance. The absence of liabilities in recent years further simplifies their financial structure, making it easier to understand their financial health.