Is Mound Street Health Careers Academy Legit?

Mound Street Health Careers Academy exhibits a concerning trend of declining revenue and increasing liabilities over its filing history. While the latest reported revenue is $663,146, the organization has seen a significant drop from its 2011 revenue of $1,559,323. This decline in income, coupled with expenses frequently exceeding revenue (e.g., $747,145 in expenses against $648,482 in revenue in 2017), suggests potential financial instability. The substantial increase in liabilities, reaching $2,223,050 in 2017 from $155,447 in 2011, is a major red flag regarding its long-term solvency. The organization's assets have also steadily decreased from $3,559,527 in 2011 to $1,878,512 currently, further indicating financial challenges. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive for donor confidence in terms of direct program spending, but does not offset the broader financial concerns.