Is Newfound Area Nursing Association Legit?

The Newfound Area Nursing Association demonstrates consistent financial activity, with revenues and expenses generally in balance over the past decade. For example, in 2019, revenues were $1,367,424 against expenses of $1,350,565, indicating a slight surplus. The organization's assets have fluctuated, peaking around $885,302 in 2013 and settling around $500,000-$530,000 in recent years, suggesting stable but not rapidly growing reserves. Liabilities have remained relatively low and stable, typically under $100,000 in recent periods, which is a positive indicator of financial management. One notable aspect of the organization's financial health is the consistent reporting of 0% officer compensation across all available filings. This suggests that the organization's leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can be a strong indicator of program focus and efficiency. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency. The consistent revenue generation, currently at $1,087,013, indicates a stable operational base. Overall, the Newfound Area Nursing Association appears to be a financially stable organization with a consistent revenue stream and prudent management of liabilities. The lack of reported officer compensation is a significant positive for transparency and efficiency, though a more granular breakdown of expenses would further enhance the assessment of spending efficiency.