Is Hurricane Swim Club Legit?

Hurricane Swim Club, a small organization based in Hermon, ME, exhibits a declining revenue trend over the past several years, from a high of $66,744 in 2014 to $13,053 in its latest filing. This significant decrease in financial activity suggests potential operational challenges or a reduction in program scope. Despite the revenue decline, the organization has consistently maintained zero liabilities across all reported periods, indicating sound financial management in terms of debt. However, its assets have also decreased from a peak of $15,384 in 2012 to $7,518 currently, which aligns with the overall reduction in financial scale. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which is not provided in the summary data. However, the consistent reporting of Officer Compensation at 0% across all filings suggests that the organization is run by volunteers, which can be a positive indicator of efficiency by minimizing overhead. The fact that expenses have often exceeded revenue in several periods (e.g., 2019, 2016, 2015, 2013) indicates that the organization has been drawing down its reserves or operating at a deficit, which is not sustainable long-term without a reversal in revenue trends. In terms of transparency, the organization has a consistent filing history with 8 filings, which is a positive sign of compliance. The absence of officer compensation simplifies the analysis of executive pay, as there is none. However, the lack of detailed expense categorization in the provided data limits a deeper analysis of how funds are allocated. Given its small size and volunteer-run nature, the organization appears to be transparent in its basic financial reporting, but more granular data would be needed for a comprehensive transparency assessment.