Is National Swine Registry Foundation Inc Legit?

The National Swine Registry Foundation Inc demonstrates a generally healthy financial position with consistent asset growth over the past six years, increasing from $233,042 in 2018 to $546,488 in 2023. Revenue has fluctuated, with a notable peak of $203,618 in 2022, but the organization consistently maintains more revenue than expenses, indicating sound financial management. For instance, in 2023, revenue was $79,857 against expenses of $69,696, resulting in a surplus. The organization's liabilities have remained relatively low compared to its assets, suggesting good fiscal control. Spending efficiency appears strong, as the organization reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not reported as officer compensation. This suggests a high proportion of funds are likely directed towards program services. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent growth in assets, despite varying revenue, points to effective stewardship of resources. Transparency is good regarding executive compensation, with clear reporting of 0% officer compensation. However, the provided data lacks a detailed functional expense breakdown (program, admin, fundraising), which would enhance transparency regarding how funds are allocated. The consistent filing of IRS Form 990s over six periods demonstrates a commitment to regulatory compliance and public disclosure.