AI Transparency Report
The National Tay Sachs & Allied Diseases Association Inc (NTSAD) demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $1 million annually. The organization's assets have shown significant growth, increasing from $682,824 in 2014 to $2,868,442 in 2023, indicating sound financial management and accumulation of resources. However, the most recent filing (202306) shows expenses ($1,507,806) exceeding revenue ($1,177,492), resulting in a deficit for that period, which warrants monitoring. Prior years, such as 202206 and 202106, showed healthy surpluses, with revenues significantly outpacing expenses.
NTSAD appears to be highly efficient in its spending, with a strong focus on program services. The absence of reported officer compensation across all available filings suggests that executive leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which could contribute to lower administrative overhead. This structure, if accurately reflecting minimal executive salary expenses, enhances the organization's spending efficiency.
Regarding transparency, the consistent filing of IRS Form 990s over a long period (13 filings) indicates a commitment to public disclosure. The detailed financial data provided in these filings allows for a clear understanding of the organization's financial activities. The low liabilities relative to assets also points to a healthy balance sheet, further reinforcing financial stability and responsible management.