Is Maine Amateur Hockey Association Inc Legit?

Maine Amateur Hockey Association Inc demonstrates consistent financial health over the past decade, with revenues generally exceeding expenses, leading to a steady growth in assets. For instance, in the 202306 period, the organization reported revenues of $195,359 against expenses of $161,120, contributing to an asset base of $256,039. The organization's liabilities have consistently been reported as $0 across all available filings, indicating a very strong balance sheet and no reliance on debt. Spending efficiency appears high, particularly given the consistent reporting of 0% officer compensation, suggesting that the organization is run by volunteers or individuals who do not draw a salary from the nonprofit. This significantly reduces administrative overhead. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation implies a greater proportion of funds can be directed towards its mission. The organization's transparency is excellent, with a long history of 990 filings and clear reporting of financial metrics. Overall, Maine Amateur Hockey Association Inc exhibits sound financial management, a commitment to its mission through efficient operations, and a high degree of financial transparency. The consistent growth in assets, coupled with zero liabilities, positions it as a financially stable entity.