Is Tima Inc Legit?

Tima Inc. demonstrates consistent revenue generation, with its latest reported revenue at $1,201,395 and assets at $989,341. The organization has shown a positive trend in net assets over the past few years, with assets growing from $538,714 in 2020 to $698,138 in 2023. However, the significant increase in liabilities to $1,125,000 in 2023, compared to $573,000 in 2022, warrants closer examination as it exceeds current assets and could indicate financial strain or a strategic investment. The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. While the 990 data provided does not offer a detailed breakdown of program, administrative, and fundraising expenses, the consistent reporting of 0% officer compensation suggests a lean operational structure. The organization's ability to maintain operations and grow assets over a long history of 13 filings, despite fluctuations in revenue and expenses, indicates a degree of financial resilience. The NTEE code X200 (Religious Organizations) often implies a volunteer-driven model, which could explain the lack of officer compensation and potentially lower administrative overhead. For a complete assessment of spending efficiency, a more granular breakdown of expenses would be beneficial. The sudden jump in liabilities in 2023 is a key area for further inquiry to understand its nature and impact on the organization's long-term financial stability. Overall, Tima Inc. appears to be a financially stable organization with a strong commitment to its mission, as evidenced by its executive compensation practices, but the recent increase in liabilities requires clarification.