Is Sequim Community Broadcasting Legit?

Sequim Community Broadcasting demonstrates consistent financial activity, with revenues and expenses generally in the range of $150,000 to $230,000 over the past decade. The organization has maintained a stable asset base, currently at $484,994, which has fluctuated but remained robust. A notable trend is the recent operating deficits, with expenses exceeding revenue in the last four reported periods (e.g., 202312: Revenue $207,253 vs. Expenses $227,248), indicating a reliance on reserves or other funding sources to cover operational costs. However, the organization's liabilities have shown some volatility, peaking at $208,732 in 202312, which is a significant increase from previous years and warrants monitoring. The organization's spending efficiency appears to be focused on its mission, given the NTEE code A34 (Radio, Television, and Film) and the absence of officer compensation, suggesting a volunteer-driven or very lean executive structure. This lack of reported officer compensation is a strong indicator of efficient use of funds for program delivery rather than administrative overhead. While specific program spending percentages aren't detailed, the overall financial structure points to a community-focused operation. Transparency is high regarding executive compensation, as zero officer compensation has been reported across all available filings. This commitment to not compensating officers is a significant positive for transparency and donor confidence. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to regulatory compliance and public disclosure.