Is Hbs Health Industry Alumni Association Inc Legit?

The Hbs Health Industry Alumni Association Inc demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2022, revenue was $226,863 against expenses of $215,910, indicating a slight surplus. However, the most recent filing for 2023 shows expenses ($249,120) exceeding revenue ($235,725), resulting in a deficit for that period. The organization maintains a healthy asset base, with assets consistently higher than liabilities, such as $418,828 in assets versus $30,000 in liabilities in 2023, suggesting good financial stability. The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This indicates that the leadership is likely volunteer-based, which significantly reduces administrative overhead. While a detailed breakdown of program versus administrative spending isn't provided in the summary data, the absence of paid executive compensation is a positive indicator for efficient use of funds. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to transparency. Overall, the Hbs Health Industry Alumni Association Inc appears to be a financially stable organization, effectively managing its resources with a strong emphasis on volunteer leadership. The recent deficit in 2023 warrants monitoring, but the overall trend and asset position suggest it is well-positioned to continue its operations. The lack of officer compensation is a significant strength in terms of spending efficiency.