Is Health Association Of Niagara County Inc Legit?

Health Association Of Niagara County Inc (HANCI) demonstrates consistent financial health with a positive net income trend over the past decade. In the latest filing (202312), the organization reported revenues of $4,083,563 against expenses of $3,499,772, resulting in a surplus. Assets have shown steady growth, increasing from $3,687,667 in 2014 to $6,671,939 in 2023, indicating sound financial management and accumulation of resources. Liabilities have also seen a significant reduction, from $2,174,925 in 2014 to $557,165 in 2023, which is a strong indicator of improved financial stability and reduced debt burden. The organization's spending efficiency appears robust, with expenses consistently lower than revenues, allowing for asset growth. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests that the organization is managing its resources effectively to support its mission. The absence of reported officer compensation across all filings is a notable aspect of its financial practices, suggesting that executive leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which could contribute to higher program spending efficiency. Transparency is generally good, with consistent IRS 990 filings available over a long period. The detailed financial data provided allows for a clear understanding of revenue, expenses, assets, and liabilities. The lack of reported officer compensation in the provided data, while potentially positive for efficiency, could warrant further investigation into how executive leadership is compensated to ensure full transparency regarding all forms of remuneration.