AI Transparency Report
The Little River Chamber Of Commerce And Visitors Center Inc. demonstrates fluctuating financial health over the past several years. While the latest filing (202112) shows a positive net income of $80,433 ($377,755 revenue - $297,322 expenses) and an increase in assets to $195,822, this follows periods of significant net losses, such as in 202012 (loss of $88,006) and 201912 (loss of $24,894). The organization's liabilities have also been substantial, reaching $195,145 in 202012, nearly matching its assets in that period. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator of spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging.
The organization's transparency appears to be good, with 11 years of consistent IRS 990 filings available. The NTEE code S41 (Chambers of Commerce) indicates its primary purpose. The lack of reported officer compensation is a strong point for transparency regarding executive pay. However, the significant swings in revenue and expenses, particularly the sharp drop in revenue from $556,039 in 201912 to $151,611 in 202012, warrant further investigation to understand the underlying causes and the organization's financial stability strategies. The latest period shows a recovery in revenue and a healthy surplus, which is a positive trend.