Is Mount Rainier Futbol Club Legit?

Mount Rainier Futbol Club demonstrates consistent growth in revenue and expenses over the past decade, indicating an expanding operational scale. For instance, revenue grew from $225,673 in 2014 to $1,773,499 in 2023. The organization consistently reports zero officer compensation, which is a positive indicator of volunteer leadership and efficient use of funds for its mission. However, the club's liabilities have significantly outpaced its assets in recent years, with liabilities reaching $512,306 against assets of $51,111 in 2023, suggesting potential financial strain or reliance on short-term funding. This trend warrants closer examination to understand the nature of these liabilities and their long-term implications for financial stability. The organization's spending efficiency appears to be focused on its programs, given the nature of a sports club and the absence of reported officer compensation. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent reporting of expenses closely tracking revenue suggests that most funds are directly utilized for operations. The significant increase in liabilities relative to assets, however, raises questions about the sustainability of its financial model and could impact its long-term financial health if not managed effectively. Transparency is generally good with consistent 990 filings, but more detailed financial statements would clarify the liability situation.