Is Plaquemines Association Of Business And Industry Legit?

Plaquemines Association Of Business And Industry (PABI) demonstrates consistent financial activity, with revenues and expenses generally in the range of $120,000 to $175,000 over the past decade. The organization has experienced a gradual decline in assets, from a peak of $208,279 in 2014 to $86,541 in 2023, indicating a trend of spending down reserves or operating at a slight deficit in most years. For instance, in 2023, expenses ($134,643) slightly exceeded revenue ($134,100), a pattern seen in many prior years. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive indicator of resource allocation directly to mission-related activities. While the provided data doesn't offer a detailed breakdown of program vs. administrative spending, the absence of officer compensation is a strong positive for transparency and efficiency. The organization's liabilities have remained very low, often at $0, indicating sound financial management in terms of debt. However, the consistent trend of expenses often exceeding revenues, leading to a reduction in assets, warrants closer examination to ensure long-term sustainability. The latest revenue of $181,705 (not tied to a specific filing period in the provided history, but stated as 'Latest Revenue') compared to the 2023 filing's $134,100 suggests potential fluctuations or a different reporting period, which could impact a precise assessment of current financial health.