AI Transparency Report
Potsdam Auxiliary & College Educational Services Inc (PACES) demonstrates a generally stable financial position, though with a notable trend of declining revenue over the past several years, from a peak of $16,217,617 in 2017 to $8,883,491 in 2023. Despite this, the organization has consistently managed its expenses close to its revenue, often operating with a slight surplus or deficit, indicating careful financial management. For instance, in 2023, revenue was $8,883,491 against expenses of $8,837,812, resulting in a small surplus.
The organization's spending efficiency appears reasonable, with a strong focus on program services, as indicated by the estimated 85% program spending ratio. This suggests that the majority of funds are directed towards its core mission. The consistent reporting of 0% officer compensation across all available filings is a significant positive for transparency and indicates that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which warrants further investigation for full clarity. Overall, while the revenue decline is a point to monitor, PACES appears to be a financially sound organization with good program focus and transparency regarding executive pay.