Is National Association For Latino Community Asset Builders Legit?

The National Association For Latino Community Asset Builders (NALCAB) demonstrates a generally healthy financial position with consistent revenue growth and substantial asset accumulation over the past decade. In the latest filing (202312), NALCAB reported revenues of $9,765,064 against expenses of $9,060,888, indicating a positive operating margin. The organization's assets have grown significantly, reaching $33,945,413 in 2023 from $3,851,513 in 2015, suggesting effective asset management and financial stability. While the provided data does not detail the breakdown of program, administrative, and fundraising expenses, the consistent positive net income in most years indicates efficient management of resources relative to its mission. A notable aspect of NALCAB's financial transparency is the consistent reporting of 0% for officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This could indicate that executive compensation is reported under other categories or that the organization relies heavily on non-compensated leadership, which warrants further investigation for complete transparency. Overall, NALCAB appears to be a financially robust organization with a strong trajectory of growth and asset building. However, the lack of reported officer compensation is a significant data point that could impact a full assessment of its transparency and spending efficiency.