Is Hawaii Seed Legit?

Hawaii Seed demonstrates a fluctuating financial history with periods of both surplus and deficit. In the most recent filing (202306), the organization reported expenses of $87,309 against revenue of $70,023, indicating a deficit for that period. This follows a similar trend in 202206 where expenses ($46,703) exceeded revenue ($23,746). However, the organization had a significant surplus in 202106, with revenue of $112,407 against expenses of $47,801. The organization consistently reports zero liabilities across all recent filings, which is a positive indicator of financial stability and low debt burden. Their assets have also shown growth, reaching $172,059 in 202306 from $72,601 in 202006, suggesting some capacity building despite operational fluctuations. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, enhancing their transparency and efficiency profile. Given the available data, Hawaii Seed appears to be a lean organization with a strong focus on program delivery, as evidenced by the absence of officer compensation. While revenue and expenses have varied significantly year-to-year, the organization has maintained a healthy asset base and no reported liabilities. This suggests prudent financial management in terms of debt avoidance. The transparency is high due to the clear reporting of financial figures and the lack of executive compensation, which often raises questions in smaller nonprofits. The challenge for Hawaii Seed appears to be consistent revenue generation to cover fluctuating operational costs, as seen in the deficits of 202306 and 202206.