AI Transparency Report
Hudson Valley Mental Health Inc demonstrates consistent financial stability and growth over the past eight years, with revenue increasing from $4.8 million in 2011 to $9.7 million in 2018. The organization consistently operates with a surplus, as seen in 2018 where revenue of $9,736,979 exceeded expenses of $9,695,126, indicating sound financial management. Their asset base has also grown significantly, from $824,431 in 2011 to $2,171,582 in 2018, suggesting a healthy accumulation of resources to support their mission.
The organization's spending efficiency appears strong, with expenses closely tracking revenue, implying that most funds are directly utilized for operations. A notable aspect of their transparency is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, or that the organization's structure does not include compensated officers in the traditional sense. This practice, if it means no compensation, could be a significant strength in terms of resource allocation.
While the provided data doesn't offer a detailed breakdown of program, administrative, and fundraising expenses, the overall financial picture suggests a well-managed and growing entity. The consistent positive net income (revenue minus expenses) across most years, such as the $41,853 surplus in 2018 and $228,433 surplus in 2017, indicates a sustainable operational model. Further detailed expense breakdowns would enhance the assessment of their spending efficiency and program focus.