Quick charity verification for Forest Lakes Water Co (EIN: 222065366)
Verdict: Forest Lakes Water Co shows mixed signals
60/100Mission Score
$196KRevenue
$180KAssets
4Red Flags
3Strengths
Red Flags
No program service expenses reported, indicating it may not be a traditional nonprofit delivering services.
100% of reported expenses are administrative, raising questions about its operational model.
Consistent reporting of $0 for executive compensation despite significant total expenses (e.g., $182,633 in 2023) is a red flag for transparency.
The organization's purpose as a 'water company' suggests a utility, not a typical charitable nonprofit, which impacts how its financials should be interpreted.
Strengths
Consistent revenue generation over several years (e.g., $165,406 in 2023).
Stable asset base, with total assets at $191,827 in 2023.
Consistent filing of financial documents, indicating compliance with reporting requirements.
Spending Breakdown
How Forest Lakes Water Co allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
0%
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 Forest Lakes Water Co
Is Forest Lakes Water Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Forest Lakes Water Co (EIN: 222065366) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
Is Forest Lakes Water Co a good charity to donate to?
Forest Lakes Water Co has a Mission Score of 60/100. Revenue: $196K. Assets: $180K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Forest Lakes Water Co?
The Employer Identification Number (EIN) for Forest Lakes Water Co is 222065366. 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 Forest Lakes Water Co spend its money?
Forest Lakes Water Co allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Forest Lakes Water Co's tax-exempt status?
You can verify Forest Lakes Water Co's tax-exempt status using EIN 222065366 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
Forest Lakes Water Co is a unknown nonprofit based in Andover, New Jersey, with reported revenue of $196K and assets of $180K. Our AI analysis assigns a Mission Score of 60/100 (Good). - No program service expenses reported in recent filings.
- Compensation for officers, directors, trustees, and key employees is consistently reported as $0.
- Financial statements are consistently available, but lack detailed breakdowns of operational expenses. Executive compensation is consistently reported as $0 across all available filings, which is unusual for an organization with reported expenses. Revenue has grown +35% across 13 filing periods.