AI Transparency Report
Tri County Sports Authority Inc, operating in Corbin, KY, appears to be a small, volunteer-led organization based on its consistent reporting of 0% officer compensation across all available filings. This indicates a strong commitment to directing funds towards its mission rather than executive salaries. The organization's revenue has fluctuated over the years, with the latest filing showing revenue of $68,061 and expenses of $55,507, resulting in a positive net income for the period. However, its assets have significantly declined from a high of $138,619 in 2011 to $12,554 in 2023, suggesting a long-term trend of spending down reserves or operating at a deficit in prior years. The consistent reporting of zero liabilities across all periods is a positive indicator of financial stability, avoiding debt.
While the organization demonstrates good financial health in its latest period with a surplus, the overall trend of declining assets warrants attention. Without detailed expense breakdowns from the 990-EZ filings, it's challenging to fully assess spending efficiency beyond the lack of executive compensation. The organization's consistent filing of its 990-EZ forms demonstrates a basic level of transparency, but the simplified nature of these forms provides less granular detail compared to a full 990. The absence of liabilities is a strong point, indicating responsible financial management in avoiding debt.
Given the small scale and volunteer nature, the organization's financial health seems stable for its size, though the long-term asset decline suggests a need to monitor sustainability. The lack of officer compensation is a significant positive for donor confidence regarding how funds are utilized. The organization's transparency is adequate for its size and filing type, but more detailed financial reporting would enhance a deeper analysis of its operational efficiency.