Is The Holocaust Memorial & Tolerance Center Of Nassau County Inc Legit?

The Holocaust Memorial & Tolerance Center Of Nassau County Inc demonstrates a fluctuating financial picture over the past decade. While the organization has consistently reported zero officer compensation, indicating good transparency regarding executive pay, its revenue and expenses have varied significantly. For instance, in 2023, revenue was $1,227,131 against expenses of $1,035,247, showing a surplus. However, in 2022, expenses ($1,053,837) exceeded revenue ($914,882), leading to a deficit. The organization's assets have also seen a decline from a high of $2,442,801 in 2014 to $1,922,634 in 2023, though there was a notable increase in assets from $1,308,941 in 2022 to $1,922,634 in 2023. The liabilities have also shown volatility, peaking at $497,965 in 2023, which is significantly higher than previous years. The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of zero officer compensation is a positive indicator of transparency regarding leadership costs. The recent increase in liabilities in 2023 warrants further investigation to understand its nature and potential impact on financial stability. Overall, while the organization appears to manage its executive compensation transparently, its financial health shows periods of both surplus and deficit, and a declining trend in assets over the long term, coupled with a recent spike in liabilities.