Quick charity verification for Cougar Bay Water Association Inc (EIN: 202027359)
Verdict: Cougar Bay Water Association Inc appears trustworthy
85/100Mission Score
$0Revenue
$0Assets
2Red Flags
5Strengths
Red Flags
Latest reported revenue and assets are $0, which contradicts historical trends and requires clarification.
NTEE Code is unknown, limiting understanding of its specific charitable purpose.
Strengths
Consistent generation of financial surpluses (e.g., $130,969 revenue vs. $61,343 expenses in 2015).
Significant and consistent asset growth (from $111,281 in 2010 to $375,745 in 2015).
Zero reported liabilities across all available filings, indicating strong financial health.
No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
Consistent IRS 990 filing history demonstrates transparency.
Spending Breakdown
How Cougar Bay Water Association Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Cougar Bay Water Association Inc
Is Cougar Bay Water Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cougar Bay Water Association Inc (EIN: 202027359) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Cougar Bay Water Association Inc a good charity to donate to?
Cougar Bay Water Association Inc has a Mission Score of 85/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cougar Bay Water Association Inc?
The Employer Identification Number (EIN) for Cougar Bay Water Association Inc is 202027359. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Cougar Bay Water Association Inc spend its money?
Cougar Bay Water Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cougar Bay Water Association Inc's tax-exempt status?
You can verify Cougar Bay Water Association Inc's tax-exempt status using EIN 202027359 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Cougar Bay Water Association Inc appears to be a financially stable organization, consistently generating revenue that exceeds its expenses. For example, in 2015, the organization reported revenues of $130,969 against expenses of $61,343, resulting in a significant surplus. This trend of positive net income is consistent across all available filings, indicating sound financial management and an ability to build assets over time. The organization's assets have grown substantially, from $111,281 in 2010 to $375,745 in 2015, with no reported liabilities, which is a strong indicator of financial health and low risk.
Regarding spending efficiency, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine program versus administrative spending. However, the consistent surpluses suggest that the organization is not overspending relative to its income. The absence of reported officer compensation across all filings indicates either a volunteer-led board or that compensation is below the reporting threshold, which can be a positive sign for resource allocation directly to the mission. The lack of detailed expense categories in the provided data limits a deeper analysis of spending efficiency.
Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero officer compensation is a notable point of transparency. However, the NTEE code being 'Unknown' and the latest reported revenue and assets being $0 could indicate a gap in the provided data or a change in filing status after 2015, which would warrant further investigation for a complete transparency assessment. Based on the available historical data, the organization demonstrates consistent financial reporting.