Is Marshwood Travel Soccer Legit?

Marshwood Travel Soccer appears to be a very small, volunteer-run organization, as indicated by its consistent reporting of $0 in officer compensation across all available filings. The organization's financial health shows some fluctuation, with expenses exceeding revenue in three out of four reported periods (2014, 2012, 2011). For instance, in 2014, expenses were $48,412 against revenues of $43,199. While assets have been modest, peaking at $25,776 in 2011, they were reported as $0 in the latest filing period (2014), suggesting a very lean operational model or a recent depletion of reserves. The lack of liabilities across all periods is a positive sign, indicating no outstanding debt. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, given the $0 officer compensation, it's reasonable to infer that administrative overhead related to salaries is minimal. The consistent deficit spending in most years could be a concern if it continues, as it's not sustainable long-term without drawing down reserves or increasing revenue. The organization's transparency is good in terms of filing its 990s, but the limited data available makes a deeper financial analysis challenging. Overall, Marshwood Travel Soccer operates on a very tight budget, likely relying heavily on volunteer efforts. Its financial stability could be improved by ensuring revenues consistently cover expenses. The absence of assets in the latest filing period warrants further investigation to understand if this is a temporary situation or a trend.