Is River Valley Growth Council Legit?

The River Valley Growth Council exhibits concerning financial trends, with a consistent pattern of expenses significantly exceeding revenue over the past nine years. In the most recent filing (202006), revenue was only $5,750 while expenses were $30,173, indicating a substantial operating deficit. This trend is not new; for example, in 201906, revenue was $6,750 against $38,313 in expenses. The organization's assets have also been steadily declining, from $1,058,456 in 201206 to $699,588 in 202006, suggesting that deficits are being covered by drawing down reserves. While officer compensation has consistently been reported as 0%, which is positive for transparency regarding executive pay, the overall financial sustainability is questionable given the persistent revenue shortfall relative to expenses. The NTEE code S310 indicates a focus on economic development, which often involves grant-funded projects. However, the low and declining revenue figures suggest either a lack of successful grant acquisition or a very limited scope of operations. The consistent liabilities around $1,378-$1,379 across multiple years could indicate a recurring fixed obligation. Without more detailed expense breakdowns from the 990s, it's difficult to ascertain spending efficiency beyond the overall deficit. The organization's ability to continue its mission with such a significant and prolonged revenue-expense imbalance is a major concern.