Is Nursing Education Alumni Association Inc Legit?

The Nursing Education Alumni Association Inc. appears to be a small, well-managed organization with a consistent financial history, though it has experienced a decline in assets over the past decade. With latest reported revenue of $87,435 and assets of $124,131, it operates on a modest scale. The organization consistently reports zero liabilities and zero officer compensation, indicating strong financial stewardship and a volunteer-driven model, which enhances its transparency and efficiency. However, a notable trend is that expenses have frequently exceeded revenue in recent years, such as in 2023 ($20,540 expenses vs. $14,876 revenue) and 2022 ($39,078 expenses vs. $16,245 revenue). This consistent deficit spending has contributed to a significant reduction in assets from a high of $233,006 in 2015 to $85,346 in 2023. While the absence of officer compensation is a positive, the long-term sustainability of operating with expenses regularly exceeding revenue, even if covered by existing assets, warrants attention. The organization's NTEE code B84Z (Nursing School Alumni Associations) suggests a clear program focus, and the lack of liabilities is a strong indicator of financial health in that regard.