Is Westfield Basketball Association Legit?

The Westfield Basketball Association demonstrates a generally healthy financial position, with consistent revenue growth in recent years, culminating in $318,625 in revenue and $260,312 in expenses for the 202312 period. The organization has maintained a positive net asset position, with assets growing to $369,893 in 2023, and consistently reports zero liabilities, indicating strong financial solvency and responsible management of its balance sheet. This suggests a stable operational foundation. Spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses in most recent periods, allowing for asset accumulation. For instance, in 2023, the organization spent approximately 81.7% of its revenue ($260,312 / $318,625) on expenses, leaving a significant portion for reinvestment or reserves. The absence of reported officer compensation further suggests that resources are primarily directed towards program delivery and operational costs rather than executive salaries. In terms of transparency, the organization has a robust filing history with 14 IRS 990 filings, indicating consistent compliance with regulatory requirements. The consistent reporting of zero officer compensation across all available periods is a key indicator of transparency regarding executive pay practices. The clear financial trends and lack of liabilities contribute to a positive assessment of their overall financial transparency and accountability.