Is Lippitt Club Inc Legit?

Lippitt Club Inc. demonstrates consistent, albeit modest, financial activity over the past decade, with revenues and expenses generally in the low to mid-$20,000 range. The organization consistently reports zero liabilities and a steady growth in assets, from $8,508 in 2011 to $32,341 in 2019, indicating sound financial management and an ability to retain funds. The most recent filing shows $0 in revenue and assets, which could indicate a change in reporting status or a period of inactivity, warranting further investigation. Spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses in most years, such as $29,300 in revenue against $24,364 in expenses in 2019. A key indicator of efficiency and mission focus is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through non-reportable means, which is a positive sign for donor confidence. However, without a detailed breakdown of expenses, it's challenging to fully assess the program spending ratio. Transparency is generally good given the consistent filing history and clear reporting of assets and liabilities. The absence of officer compensation is a significant positive transparency factor. The sudden drop to $0 revenue and assets in the latest filing period (which is not dated but listed as 'Latest Revenue') is a point of concern for transparency and requires clarification to understand the organization's current operational status.