AI Transparency Report
The Keynotes Band Booster Association for Cloverhill High School Band appears to be in a stable financial position, primarily supporting the band's activities. In their latest reported period (202206), the organization generated $93,760 in revenue against $67,682 in expenses, indicating a surplus that contributed to their assets. While the current assets are $11,491, the 202206 filing showed assets of $50,503, suggesting a significant decrease in assets since that period, which warrants further investigation to understand the cause. The organization reports no officer compensation, which is a positive indicator of volunteer-driven leadership and efficient use of funds for program services.
The spending efficiency, based on the 202206 filing, shows a healthy ratio of expenses to revenue. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is challenging. The NTEE code P50 (Youth Development Programs) aligns with their mission to support a high school band, suggesting a clear program focus. The organization's single filing available limits a comprehensive trend analysis, but the reported figures suggest a functional, albeit small, operation.
Transparency is moderate given the limited filing history provided. The absence of officer compensation is a strong point for transparency and public trust. However, the significant drop in assets from $50,503 in 202206 to the latest reported $11,491 is a key area where more transparency would be beneficial to understand the financial management and allocation of funds.