AI Transparency Report
Maplewood School demonstrates a fluctuating financial position over the past several years. While the organization has consistently generated over $2.5 million in revenue annually, recent filings show a trend of expenses exceeding revenue, particularly in 2023 where expenses of $3,731,848 outstripped revenue of $3,388,362. This has led to a negative net asset position in 2023, with liabilities ($903,462) exceeding assets ($846,492). The organization's assets have also shown significant volatility, peaking at $1,181,904 in 2022 before dropping to $846,492 in 2023.
The lack of reported officer compensation across all available filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. The NTEE code B21Z indicates a focus on elementary and secondary education, aligning with the 'School' in its name. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The consistent operational deficits in recent years raise concerns about long-term financial sustainability if not addressed.
Overall, Maplewood School appears to be a functioning educational institution, but its financial health shows signs of strain due to recurring deficits and a declining asset base. Improved transparency regarding expense allocation and a strategy to return to a positive net asset position would strengthen its financial standing and public trust.