AI Transparency Report
West Central Florida Disasterservices Incorporated demonstrates a generally stable financial position, with revenues consistently exceeding or closely matching expenses over the past decade. For instance, in 2022, revenue was $1,039,526 against expenses of $1,018,872, indicating sound operational management. The organization's assets have shown growth, reaching $800,725, which provides a solid foundation for its disaster relief efforts. A notable strength is the consistent reporting of zero liabilities across all available filings, suggesting a very healthy balance sheet and responsible financial stewardship.
The organization's spending efficiency appears strong, particularly given the nature of disaster services which can have fluctuating needs. The absence of reported officer compensation across all filings is a significant indicator of efficiency and a commitment to directing funds towards its mission. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health and lack of liabilities suggest a lean operation. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to transparency.
However, the 2023 period shows expenses ($1,448,646) exceeding revenue ($1,336,798), resulting in a deficit for that year. While not a red flag on its own, especially for a disaster relief organization that might incur significant costs during active disaster periods, it's a point to monitor. The organization's assets did decrease from $672,158 in 2022 to $592,413 in 2023, which could be related to covering this deficit or investing in future preparedness.