Is Saratoga Rowing Association Inc Legit?

Saratoga Rowing Association Inc demonstrates consistent financial health with stable revenue streams and prudent expense management over the past decade. For the most recent period (202312), the organization reported revenues of $1,795,371 against expenses of $1,721,311, resulting in a surplus. Their assets have also shown steady growth, reaching $3,637,377 in 2023, indicating good financial stewardship and capacity. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment. The spending efficiency appears strong, particularly given the consistent reporting of no officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests that the majority of funds are directed towards their mission. The organization's liabilities have remained manageable relative to its assets, further reinforcing its financial stability. In terms of transparency, the consistent filing of IRS 990 forms over 13 periods is commendable. The absence of officer compensation is a significant positive for transparency, as it suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which would require further investigation to fully understand. Overall, Saratoga Rowing Association Inc appears to be a financially sound and transparent organization.