Is Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr Legit?
Quick charity verification for Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr (EIN: 20498200)
Verdict: Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr appears trustworthy
85/100Mission Score
$88KRevenue
$8KAssets
2Red Flags
3Strengths
Red Flags
Consistent negative net income (expenses exceeding revenue) over multiple years, indicating asset depletion.
Significant decline in total assets from $236,811 in 2014 to $34,544 in 2023.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds.
Consistent filing of IRS Form 990s, demonstrating good transparency.
Zero liabilities reported in all available filings, indicating a healthy balance sheet free of debt.
Spending Breakdown
How Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
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 Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr
Is Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr (EIN: 20498200) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr a good charity to donate to?
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr has a Mission Score of 85/100. Revenue: $88K. Assets: $8K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr?
The Employer Identification Number (EIN) for Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr is 20498200. 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 Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr spend its money?
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr's tax-exempt status?
You can verify Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr's tax-exempt status using EIN 20498200 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
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr appears to be an employee benefit trust, as indicated by its name and NTEE code (Y43 - Employee Benefit Plans). Its financial activity primarily involves managing assets for the benefit of non-union employees. The organization consistently reports zero liabilities and zero officer compensation across all available filings, which suggests a straightforward financial structure and good governance regarding executive pay. However, the consistent trend of expenses exceeding revenue in recent years, such as $21,930 in expenses against $5,608 in revenue in 2023, and $39,736 in expenses against $13,520 in revenue in 2022, indicates that the trust is drawing down its assets to cover operational costs or benefit distributions. This is a common characteristic of benefit plans that are in a distribution phase or experiencing investment losses. The significant decline in assets from $236,811 in 2014 to $34,544 in 2023 further supports this observation, suggesting a planned depletion of funds over time rather than a focus on growth or fundraising. Transparency is high given the consistent filing of 990s and clear reporting of zero liabilities and officer compensation.