AI Transparency Report
Historic Downtown Chelanassociation demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. The organization's revenue has shown fluctuations, with a notable peak in 2021 at $396,142 and a more recent dip in 2023 where expenses ($379,531) exceeded revenue ($297,093), resulting in a deficit for that year. Despite this, the organization has maintained a healthy asset base, with current assets at $488,715 and zero liabilities reported in the latest available filing (202312). This suggests good financial management in terms of solvency.
The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all filings. This indicates that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a positive sign for donor confidence. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio is difficult to ascertain, but the absence of officer compensation is a strong indicator of cost-conscious operations.
Transparency is high due to the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive financial history. The consistent reporting of zero liabilities in many periods, including the latest, further enhances confidence in their financial health and management. The organization's NTEE code A800 (Community Improvement & Capacity Building) aligns with its name, suggesting a clear mission focus.