Is Stone Creek Elementary Legit?

Stone Creek Elementary demonstrates a generally stable financial trajectory with consistent revenue growth over the past decade, increasing from $1.8 million in 2013 to over $4.1 million in 2023. The organization consistently spends less than its revenue, as seen in 2023 where expenses were $4,026,154 against revenues of $4,127,619, indicating sound financial management and the ability to build reserves. However, a significant concern is the high and growing liabilities, which reached $6,006,240 in 2023, substantially exceeding its assets of $3,971,154. This suggests a reliance on debt or other long-term obligations that warrant further investigation. Spending efficiency appears reasonable given the nature of an elementary school, though specific program, administrative, and fundraising breakdowns are not provided in the raw data. The consistent reporting of 0% officer compensation across all filings indicates either a volunteer-led executive team or that executive salaries are not reported under 'officer compensation' in a way that is easily discernible, which could be a point for further transparency. The organization's assets have grown considerably from $120,238 in 2013 to $3,971,154 in 2023, reflecting a positive trend in asset accumulation despite the high liabilities. Overall, Stone Creek Elementary exhibits financial growth and prudent spending relative to its revenue. However, the substantial and increasing liabilities, which consistently outweigh assets, present a significant financial risk that needs to be addressed for long-term sustainability. The lack of reported officer compensation, while potentially positive, could also be a transparency concern if executive leadership is compensated through other means not clearly disclosed.