Is Victory Ranch Legit?

Victory Ranch has demonstrated inconsistent financial performance over the past several years, frequently operating with expenses exceeding revenue. For instance, in 2023, expenses were $2,219,484 against revenues of $1,995,212, resulting in a deficit. This trend of spending more than it earns is evident in multiple periods, including 2022 ($2,156,066 expenses vs. $1,720,755 revenue) and 2021 ($1,829,420 expenses vs. $1,728,941 revenue). While the organization has maintained significant assets, these have been steadily declining from a high of $4,032,953 in 2014 to $2,559,220 in 2023, while liabilities have remained consistently high, often exceeding assets. This indicates a reliance on debt or restricted funds to cover operational costs. The organization's financial health is further complicated by its high liabilities, which have consistently hovered around $3.8 million to $4.2 million, often surpassing its total assets. For example, in 2023, liabilities were $4,147,687 compared to assets of $2,559,220, indicating a negative net asset position. This financial structure raises concerns about long-term sustainability and financial flexibility. The consistent reporting of 0% officer compensation across all available filings suggests either a fully volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs.