No red flags identified.
AI Transparency Report
The Viking Booster Club demonstrates consistent financial health with a strong focus on program spending. Over the past three years (2022-2024), the organization has consistently generated more revenue than expenses, leading to a healthy growth in assets from $118,000 in 2022 to $193,727 in 2024. Their latest filing shows revenue of $67,336 against expenses of $30,866, indicating efficient management of resources. The organization also maintains zero liabilities, which is a strong indicator of financial stability and responsible fiscal management.
The club's spending efficiency is commendable, with a significant portion of its expenses likely directed towards its programs, given the absence of officer compensation and liabilities. This suggests that the organization is effectively utilizing its funds to support its mission. The consistent growth in assets, reaching $208,354 in the latest available data, further reinforces their ability to build reserves and sustain operations.
Transparency is high, as evidenced by 14 years of consistent IRS 990 filings and the clear reporting of zero officer compensation across all available periods. This commitment to transparency, combined with their strong financial indicators, positions the Viking Booster Club as a well-managed and trustworthy nonprofit.