AI Transparency Report
North Whidbey Soccer Club demonstrates a consistent commitment to its mission of providing soccer programs, as evidenced by its program spending. The organization reported total revenue of $269,088 in its latest filing, with assets of $58,176. While the club's revenue has shown growth over the past two periods, increasing from $197,948 in 2022 to $214,352 in 2023, it has also consistently operated at a deficit, with expenses exceeding revenue in both reported periods ($256,885 vs $214,352 in 2023 and $213,941 vs $197,948 in 2022). This trend of spending more than it earns could be a concern for long-term financial stability if not addressed. The significant decrease in assets from $145,546 in 2023 to $58,176 in the latest period, alongside an increase in liabilities from $0 in 2022 to $627 in 2023, warrants further investigation into the club's financial management practices. The organization's transparency is commendable given its small size, with no reported officer compensation, suggesting resources are directed towards its programs.