AI Transparency Report
The Minnetonka Lacrosse Association demonstrates generally sound financial health, with recent filings showing consistent revenue growth and positive net assets. In the 202309 period, the organization reported revenues of $307,871 against expenses of $301,055, indicating a slight surplus. While the 202209 period saw expenses ($236,250) exceed revenue ($216,466), this appears to be an anomaly in an otherwise stable trend of managing finances effectively. The organization's assets have fluctuated but remain healthy, with $100,839 in assets and only $5,500 in liabilities in the latest filing, suggesting good financial stewardship.
The spending efficiency of Minnetonka Lacrosse Association appears strong, particularly given the consistent reporting of 0% officer compensation across all filings. This indicates that the organization's leadership is likely volunteer-based, allowing a greater proportion of funds to be directed towards its programs. The NTEE code N60 (Amateur Sports) aligns with the organization's mission, and the financial data supports a focus on program delivery rather than administrative overhead or fundraising costs. The absence of officer compensation is a significant positive indicator of efficiency.
In terms of transparency, the Minnetonka Lacrosse Association has a robust filing history with 13 IRS 990 filings, demonstrating consistent compliance with reporting requirements. The detailed financial data provided in these filings allows for a clear understanding of their financial operations. The consistent reporting of zero officer compensation further enhances transparency by showing that no salaries are being paid to key personnel, which is a strong positive for a smaller, community-focused sports organization.