AI Transparency Report
The Quoddy Tides Foundation demonstrates consistent financial health with a strong asset base relative to its annual expenses. Over the past decade, the organization has steadily grown its assets from $1.58 million in 2014 to $3.43 million in 2023, indicating sound financial management and potentially significant endowments or investments. Their revenue has fluctuated, with a high of $742,558 in 2022 and $474,552 in 2023, but expenses have remained relatively stable and significantly lower than revenue in most years, leading to consistent surpluses that contribute to asset growth. This suggests a conservative spending approach and a focus on long-term sustainability.
Spending efficiency appears high, as evidenced by the consistent surpluses and the fact that officer compensation has been reported as 0% across all available filings. This indicates that the organization is likely volunteer-led at the executive level or that compensation is covered by other means not reported as officer compensation, which is a positive sign for donor confidence. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall low expense-to-revenue ratio suggests that a significant portion of funds are either retained for future programs or directly applied to their mission.
Transparency is generally good, with 13 filings available, demonstrating a consistent reporting history. The absence of officer compensation is a notable point for transparency, as it suggests a lean operational structure. However, without a detailed functional expense breakdown (e.g., specific percentages for program services, management & general, and fundraising), it's challenging to fully assess the efficiency of spending across different categories. Further scrutiny of the full 990 forms would be needed to determine the exact allocation of expenses.