Is Coqual Inc Legit?

Coqual Inc. demonstrates a mixed financial picture. While the organization has consistently generated substantial revenue, averaging over $4 million annually in recent years, it has also frequently operated with deficits. For instance, in 2023, expenses of $5,200,361 significantly outstripped revenue of $3,568,466, resulting in a substantial deficit. This trend of spending exceeding revenue is also evident in 2022 ($5,016,744 expenses vs. $4,591,472 revenue) and 2017 ($4,246,862 expenses vs. $3,549,471 revenue). The organization's assets have fluctuated, showing a notable decrease from $4,690,740 in 2022 to $1,935,361 in 2023, which warrants further investigation. The consistent reporting of 0% officer compensation across all available filings suggests strong transparency regarding executive pay, or that compensation is structured in a way that it is not reported as 'officer compensation' on the 990, which would require deeper scrutiny of the full filing. The NTEE code P30Z indicates a focus on research and public policy, which typically involves significant program expenses. The organization's financial health appears to be under some pressure due to recurring deficits, which could impact long-term sustainability if not addressed. The significant drop in assets from 2022 to 2023 is a particular concern. However, the consistent revenue generation indicates a strong ability to attract funding. The lack of reported officer compensation is a positive sign for transparency, assuming the full 990 confirms that no key employees are receiving substantial compensation that is not disclosed in this field. Overall, while there are areas for improvement in financial management, particularly in balancing expenses with revenue, the organization maintains a substantial operational scale.