AI Transparency Report
The Ramapo Catskill Library System demonstrates consistent financial operations, with revenues generally exceeding or closely matching expenses over the past decade. In the most recent filing (202312), the organization reported revenues of $5,057,993 against expenses of $5,335,834, indicating a slight deficit for that period. However, this follows several years of surpluses, such as in 202212 where revenue was $5,424,733 and expenses were $4,984,631. The organization's assets have shown steady growth, increasing from $3,617,386 in 201412 to $7,338,795 in 202312, suggesting sound financial management and accumulation of resources. Liabilities remain relatively low and stable, indicating good financial health. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency.