AI Transparency Report
Stillaguamish Gardens demonstrates consistent financial activity over the past decade, with annual revenues generally in the low $200,000s and expenses slightly exceeding revenue, indicating a reliance on existing assets or prior year surpluses. The organization's assets have remained substantial, consistently above $2.7 million, suggesting a strong foundational base. However, the most recent filing (202312) shows a significant increase in expenses to $956,226 against revenue of $205,584, leading to a substantial deficit and a notable increase in liabilities to $926,768. This recent shift warrants closer examination to understand the nature of these increased expenditures and how they were financed.
Spending efficiency appears to be a concern in the latest period, given the large deficit. Prior to 2023, expenses were relatively stable and manageable. The organization reports 0% officer compensation across all filings, which is a positive indicator of volunteer leadership or very low administrative overhead related to executive pay. This also contributes to a perception of good stewardship regarding compensation.
Transparency is generally good, with a consistent filing history of 14 IRS 990 forms. The absence of officer compensation simplifies the analysis of executive pay. However, the dramatic change in the 2023 financial period, particularly the large increase in liabilities, suggests a need for more detailed information to fully assess the organization's current financial health and future sustainability. Without further context on the nature of the 2023 expenses and liabilities, it's difficult to fully evaluate the long-term implications.