Is Willapa Grays Harbor Oyster Growers Association Legit?

The Willapa Grays Harbor Oyster Growers Association demonstrates a generally healthy financial position, with recent filings showing consistent revenue growth and positive net income. In 2023, the organization reported revenue of $521,238 against expenses of $511,808, indicating a surplus. This trend of revenue exceeding expenses is also evident in 2022 and 2021, contributing to a steady increase in assets, which reached $188,175 in 2023. The organization's liabilities consistently being reported as $0 across all available filings is a significant strength, indicating strong financial management and no outstanding debt. The organization's spending efficiency appears robust, particularly given the absence of reported officer compensation, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990. This contributes to a higher proportion of funds likely being directed towards program services. While specific program spending percentages are not detailed in the provided data, the overall financial health and lack of liabilities are positive indicators. Transparency is high regarding executive compensation, as zero officer compensation is reported across all filings. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to regulatory compliance and public disclosure. The increasing asset base, from $54,250 in 2017 to $188,175 in 2023, alongside the absence of liabilities, paints a picture of a well-managed and financially stable organization.