Is National Utility Contractors Association Of Rhode Island Legit?

The National Utility Contractors Association Of Rhode Island (NUCA RI) demonstrates a generally stable financial position, with assets consistently exceeding liabilities. In the latest filing (202312), the organization reported revenue of $175,360 against expenses of $66,713, resulting in a significant surplus. This trend of revenue exceeding expenses is common, indicating sound financial management and an ability to build reserves, as evidenced by assets growing to $396,617. The organization's NTEE code S41 suggests it is a business or professional organization, and its financial activities align with supporting its members rather than direct public programs. Spending efficiency appears strong, particularly in the most recent period where expenses were relatively low compared to revenue. Given the nature of a professional association, a significant portion of expenses would likely be allocated to member services, advocacy, and operational costs. The consistent reporting of 0% officer compensation is a notable aspect of its financial transparency and operational model, suggesting a volunteer-led or minimally compensated leadership structure. Overall, NUCA RI appears to be a financially healthy and transparent organization, particularly concerning executive compensation. Its consistent asset growth and generally positive revenue-to-expense ratios across multiple years indicate a well-managed entity. The lack of detailed program spending breakdowns in the provided data makes a precise assessment of program efficiency challenging, but the overall financial health is positive.