Is Texas Floodplain Managementassociation Legit?

The Texas Floodplain Management Association demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past five years, revenue has steadily increased from $548,346 in 2020 to $1,093,585 in 2023, indicating strong support for its mission. The organization consistently maintains a positive net income, with assets growing from $711,221 in 2020 to $1,067,631 in 2023, suggesting sound financial management and the ability to build reserves. Liabilities are also well-managed, remaining a relatively small portion of total assets. Spending efficiency is a notable strength, as the organization consistently reports 0% officer compensation across all available filings, which is highly unusual and suggests that executive leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990. This practice, if truly volunteer-driven, significantly reduces administrative overhead. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the consistent positive net income and asset growth, coupled with no reported officer compensation, points towards efficient use of funds. The organization's consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency. Overall, the Texas Floodplain Management Association exhibits strong financial health with growing revenues and assets, and a highly efficient operational model, particularly concerning executive compensation. The consistent financial reporting further enhances its transparency profile.