AI Transparency Report
Northern Nevada Apprenticeship Coordinators Association (NNACA) appears to be a small, developing nonprofit with fluctuating financial health. In 2011, the organization reported revenues of $29,277 against expenses of $64,435, indicating a significant operating deficit. This trend continued into 2012, with revenues of $9,490 and expenses of $19,358, again showing expenses exceeding revenue. The latest reported revenue of $98,780 suggests a recent positive shift in funding, but without corresponding expense data for that period, it's difficult to assess current financial stability. The organization's assets have grown from $20,972 in 2011 to $32,233 currently, which is a positive sign of asset accumulation, albeit modest. The consistent reporting of 0% officer compensation across available filings indicates a volunteer-led or very lean administrative structure, which can be a strength for a small organization focused on program delivery.
Given the available data, NNACA's spending efficiency is hard to fully ascertain without a detailed breakdown of expenses beyond total figures. However, the lack of officer compensation suggests a high proportion of funds, once received, could be directed towards programs. The organization's transparency is good in terms of filing its IRS 990s, which allows for public scrutiny of its financial activities. The NTEE code B90 (Apprenticeship Programs) aligns with its name, suggesting a clear mission focus. The significant increase in the latest reported revenue is a positive indicator for future program potential, provided expenses are managed effectively.
Overall, NNACA shows signs of a small, mission-driven organization that has experienced periods of financial strain but also recent growth in revenue. Its transparency through 990 filings and apparent volunteer leadership are strengths. However, a more detailed breakdown of recent expenses would be necessary to fully evaluate its spending efficiency and long-term financial health.