Is National Association Of Oil Heating Service Managers Inc Legit?

The National Association Of Oil Heating Service Managers Inc (NAOHSM) demonstrates consistent financial health, with its assets growing steadily over the past decade, from $401,941 in 2014 to $874,770 in 2023. The organization generally operates with a surplus, as seen in 2023 where revenue of $424,347 exceeded expenses of $348,785. While specific program spending details are not provided in the summary data, the absence of officer compensation reported across all filings suggests a volunteer-driven leadership, which can contribute to lower administrative overhead and potentially higher program efficiency. NAOHSM's revenue has fluctuated but shows a general upward trend in recent years, with 2023 revenue at $424,347, a significant increase from $218,018 in 2020. The organization's liabilities have remained manageable relative to its assets, indicating good financial stewardship. The consistent reporting of zero officer compensation is a strong indicator of transparency and a commitment to directing resources towards its mission rather than executive salaries. This practice, coupled with consistent filing of IRS Form 990s, suggests a well-managed and transparent organization.