AI Transparency Report
Lakewood Ranch Business Alliance Inc demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $241,377 in 2014 to $740,902 in 2023, indicating a healthy ability to attract funding. The organization consistently maintains a positive net income, with revenues generally exceeding expenses, as seen in 2023 where revenue was $740,902 against expenses of $708,485. This suggests sound financial management and an ability to build reserves, with assets growing from $337,384 in 2014 to $694,748 in 2023.
The organization's transparency is commendable, particularly with the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for donor confidence. While specific program spending percentages are not detailed in the provided data, the overall financial health and growth suggest effective use of resources to support its mission. The consistent filing of IRS Form 990s further enhances its transparency profile.