Is Sartell Sapphire Gymnastics Inc Legit?

Sartell Sapphire Gymnastics Inc. demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. In the latest filing (202312), the organization reported revenue of $160,981 against expenses of $126,279, resulting in a surplus that further strengthened its assets to $209,851. This trend of managing expenses below or near revenue is generally positive, though there was a notable deficit in 202212 where expenses ($166,202) exceeded revenue ($155,241), and a significant deficit in 202012 where expenses ($203,724) far outstripped revenue ($106,394). The organization's transparency is excellent regarding executive compensation, as all filings consistently report 0% officer compensation, indicating a volunteer-led or very lean administrative structure. The consistent reporting of zero liabilities across all periods reviewed is a strong indicator of sound financial management and a lack of debt. While specific program spending percentages are not provided in the raw data, the overall financial health appears robust, with a strong balance sheet and a history of operating without debt. The fluctuations in revenue and expenses suggest a dynamic operational environment, but the long-term trend shows resilience and growth in assets.