AI Transparency Report
The Hispanic Contractors Association Of The Carolinas Inc (HCAC) demonstrates a fluctuating but generally positive financial trajectory, particularly in its most recent filing period. In 2023, the organization reported revenue of $466,738 against expenses of $412,710, indicating a healthy surplus. This marks a significant increase in scale compared to previous years, where revenues often hovered below $200,000. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its transparency and public trust. However, the organization's asset base has shown considerable volatility, from $95,193 in 2020 to $6,131 in 2022, before rebounding to $64,462 in 2023. This fluctuation in assets, alongside periods where expenses exceeded revenue (e.g., 2022, 2021, 2019, 2016, 2015), suggests that while the latest period is strong, the organization has faced financial challenges in the past. The lack of officer compensation across all reported periods is a significant strength in terms of financial efficiency and transparency.