AI Transparency Report
The Seacoast Waldorf Association demonstrates a generally stable financial health, with assets consistently exceeding liabilities over the past several years. In the most recent filing (202306), the organization reported assets of $3,121,849 against liabilities of $1,658,282, indicating a healthy financial position. However, the 202306 period also showed expenses ($1,712,346) exceeding revenue ($1,524,442), resulting in a deficit for that year. This trend of expenses occasionally surpassing revenue has been observed in other periods as well, such as 202006 and 201906, suggesting a need for careful monitoring of operational costs relative to income.
The organization's spending efficiency appears to be focused primarily on program services, which is a positive indicator for a nonprofit. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the absence of reported officer compensation across all filings suggests a commitment to minimizing overhead in that area. The consistent growth in revenue from 2017 to 2022, peaking at $1,528,984 in 202206, before a slight dip in 202306, indicates a strong ability to attract funding. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 12 filings available, providing a comprehensive historical view of its financial activities.