AI Transparency Report
Schoharie County Child Development Council Inc demonstrates generally sound financial health, with a notable increase in revenue and assets in its latest filing (202312). Revenue grew from $3,958,809 in 2022 to $5,576,741 in 2023, and assets increased from $1,569,172 to $2,899,337 in the same period. This growth suggests an expanding capacity to deliver on its mission. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards programs rather than executive salaries. While specific program spending ratios are not provided in the raw data, the absence of officer compensation is a positive sign regarding spending efficiency at the top level.
The organization's liabilities have also increased alongside assets, reaching $1,286,537 in 2023, but remain well below total assets, indicating a healthy balance sheet. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency. Overall, the financial trends suggest a stable and growing organization with a clear focus on its mission, supported by responsible financial management and a transparent approach to executive compensation.