AI Transparency Report
Rockaway Home Attendant Services Inc demonstrates consistent financial growth over the past decade, with revenue increasing from $16.6 million in 2014 to $36.7 million in 2023. The organization consistently operates with a surplus, as evidenced by its expenses being lower than its revenue in all reported periods. For instance, in 2023, revenue was $36,778,365 against expenses of $32,243,056, indicating a healthy operating margin. This consistent surplus has contributed to a significant increase in assets, growing from $5.1 million in 2014 to $28.3 million in 2023, suggesting strong financial management and accumulation of resources.
The organization's financial health appears robust, with a solid asset base and manageable liabilities. In 2023, liabilities were $5,619,318, which is a reasonable proportion of its $28,324,786 in assets. The consistent growth in both revenue and assets, coupled with a positive operating margin, indicates a stable and expanding organization. The absence of reported officer compensation across all filings suggests a potential reliance on volunteer leadership or that compensation is reported under other expense categories, which could impact the perception of transparency regarding leadership costs if not clearly detailed elsewhere.