No red flags identified.
AI Transparency Report
Snook Christian Academy demonstrates consistent financial growth, with revenue increasing from $803,932 in 2014 to $2,546,380 in 2023. The organization generally maintains a healthy financial position, with assets consistently exceeding liabilities. For instance, in 2023, assets were $3,836,608 against liabilities of $798,937, indicating good solvency. The academy has also shown a positive net income in most recent years, such as in 2023 where revenue of $2,546,380 exceeded expenses of $2,359,280, contributing to asset growth.
Spending efficiency appears reasonable, with expenses generally tracking revenue. While specific program, administrative, and fundraising breakdowns are not provided in the summary data, the absence of reported officer compensation across all filings suggests a commitment to directing funds towards the organization's mission rather than executive salaries. This practice enhances the perception of efficiency and donor trust.
Transparency is strong given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The consistent reporting of 0% officer compensation is a notable positive indicator of financial stewardship and transparency regarding executive pay. Overall, Snook Christian Academy appears to be a financially stable and responsibly managed organization.