AI Transparency Report
Westchester Independent Living demonstrates consistent financial growth and appears to manage its finances prudently. Over the past decade, the organization has seen its revenue grow from $2.39 million in 2014 to $6.66 million in 2023, indicating expanding operations and donor support. Expenses have generally tracked closely with revenue, suggesting efficient use of funds without accumulating excessive surpluses or deficits. The organization's assets have also grown significantly, from $687,481 in 2014 to $4,636,091 in 2023, providing a solid financial foundation.
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This could indicate that executive compensation is reported under different categories (e.g., program or administrative expenses) or that the organization relies heavily on volunteer leadership, which would be a significant strength. Further investigation into the detailed expense breakdown would be necessary to fully understand this aspect. However, the consistent reporting of 0% officer compensation on the 990 form itself raises questions about the completeness of this specific disclosure.
Overall, Westchester Independent Living appears to be a financially stable and growing organization. Its consistent growth in revenue and assets, coupled with expenses closely aligned with income, suggests responsible financial management. The lack of reported officer compensation on the 990 forms is a notable point that warrants further scrutiny for complete transparency.