Is Mount Washington Valley Skating Club Legit?

The Mount Washington Valley Skating Club appears to be a small, community-focused organization with a consistent operational history, though it has experienced a significant decline in revenue and assets over the past decade. In 2011, the club reported revenue of $37,306 and assets of $8,307, but by 2020, revenue had dropped to $17,214 and assets to $2,667. This trend suggests potential challenges in fundraising or program participation. The organization consistently spends slightly more than it brings in, as seen in 2020 where expenses were $20,449 against $17,214 in revenue, leading to a reduction in assets. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership, which is a positive sign for efficiency and dedication to the mission. However, the overall financial health shows a contraction, which warrants closer monitoring. Spending efficiency is generally good, with no reported officer compensation, implying that most funds are directed towards operational costs and programs. Given the small scale, detailed program spending breakdowns are not available in the provided summary, but the consistent deficit spending in recent years (e.g., $3,235 deficit in 2020) suggests that the club is utilizing its existing assets to cover operational gaps. The organization's transparency is reasonable for its size, with consistent 990 filings available. The lack of liabilities in recent years (2019 and 2020) also indicates responsible financial management despite the revenue decline. Overall, while the club demonstrates a commitment to its mission through volunteer leadership and consistent operations, the declining financial trend in revenue and assets is a concern. The organization needs to address its revenue generation strategies to ensure long-term sustainability. Its small size and volunteer nature likely mean administrative and fundraising costs are minimal, allowing a higher proportion of funds to support its skating programs, though specific breakdowns are not detailed in the provided data.