AI Transparency Report
Spurwink Ri demonstrates a consistent operational pattern, with revenues generally tracking expenses closely over the past decade. In 2022, the organization reported revenues of $9,107,134 against expenses of $9,328,702, indicating a slight deficit for the year. This trend of expenses often exceeding revenues by a small margin has been observed in several prior years, such as 2020 ($7,900,988 revenue vs. $8,466,552 expenses) and 2019 ($7,449,182 revenue vs. $7,811,540 expenses). While not indicative of immediate crisis, sustained deficits could impact long-term financial stability if not addressed. The organization's assets have shown growth, reaching $2,307,623 in 2022, up from $1,588,964 in 2021, which is a positive sign for its balance sheet. However, liabilities have also increased significantly, reaching $6,018,907 in 2022, which warrants closer examination to understand their nature and repayment terms. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer leadership structure or that compensation is reported under other expense categories, which could impact transparency regarding executive pay.