Aquifer Inc
Aquifer Inc. shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 204755198 · Hanover, NH · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $7.4M |
| Program Spending | 75% |
| Net Assets | $6.1M |
| Transparency Score | 85/100 |
Is Aquifer Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aquifer Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aquifer Inc
Aquifer Inc (EIN: 204755198) is a nonprofit organization based in Hanover, NH, classified under NTEE code B28. The organization reported total revenue of $8.2M and total assets of $14.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aquifer Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aquifer Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.4M |
| Total Expenses | $7.4M |
| Surplus / Deficit | +$935K |
| Total Assets | $15.0M |
| Total Liabilities | $8.9M |
| Net Assets | $6.1M |
| Operating Margin | 11.2% |
| Debt-to-Asset Ratio | 59.1% |
| Months of Reserves | 24.2 months |
Financial Health Grade: A
In 2024, Aquifer Inc reported a surplus of $935K with revenue exceeding expenses, holds 24.2 months of operating reserves (strong position), has a debt-to-asset ratio of 59.1% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Aquifer Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.0% | +1.7% | +0.5% |
| 2023 | +3.4% | +9.8% | +14.4% |
| 2022 | -2.5% | +19.5% | -4.8% |
| 2021 | +28.8% | +13.7% | +14.4% |
| 2020 | +1.5% | -5.9% | +60.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aquifer Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Aquifer Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $935K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.1%.
Executive Compensation Analysis
Aquifer Inc. consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which would require further detail to fully assess.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aquifer Inc's IRS 990 filings:
- Lack of detailed expense breakdown prevents full spending efficiency analysis
- Consistent 0% officer compensation could mask executive costs if reported elsewhere
Strengths
The following positive indicators were identified for Aquifer Inc:
- Consistent revenue growth from $3M in 2015 to over $8M in 2024
- Healthy asset growth from $5.3M in 2015 to $15M in 2024
- Consistent operational surplus, indicating sound financial management
- No reported officer compensation, potentially indicating volunteer leadership
Frequently Asked Questions about Aquifer Inc
Is Aquifer Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Aquifer Inc (EIN: 204755198) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Aquifer Inc spend its money?
Aquifer Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aquifer Inc tax-deductible?
Aquifer Inc is registered as a tax-exempt nonprofit (EIN: 204755198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aquifer Inc's spending goes to programs?
Aquifer Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aquifer Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Aquifer Inc is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aquifer Inc located?
Aquifer Inc is headquartered in Hanover, New Hampshire and files with the IRS under EIN 204755198. It is classified under NTEE code B28.
How many years of IRS 990 filings does Aquifer Inc have?
Aquifer Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.2M in total revenue.
How does Aquifer Inc. manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation suggests either a volunteer-led executive team or that executive salaries are categorized under other operational expenses, which would require a deeper dive into their detailed financial statements to clarify.
What is the specific breakdown of program, administrative, and fundraising expenses?
Without detailed expense breakdowns in the provided data, it's not possible to give exact percentages. However, the organization consistently operates with a surplus, indicating overall expense management.
What are the primary sources of Aquifer Inc.'s revenue growth?
The provided data shows consistent revenue growth from $3,012,367 in 2015 to $8,370,047 in 2024, but does not specify the sources (e.g., grants, donations, program service fees). This would require reviewing the full IRS 990 forms.
Filing History
IRS 990 filing history for Aquifer Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Aquifer Inc's revenue has grown by 279.6%, moving from $2.2M to $8.4M. Total assets increased by 436.4% over the same period, from $2.8M to $15.0M. Total functional expenses rose by 247.8%, from $2.1M to $7.4M. In its most recent filing year (2024), Aquifer Inc reported a surplus of $935K, with revenue exceeding expenses. The organization holds $8.9M in liabilities against $15.0M in assets (debt-to-asset ratio: 59.1%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $8.4M | $7.4M | $15.0M | $8.9M | — | View 990 |
| 2023 | $7.5M | $7.3M | $14.9M | $9.7M | — | View 990 |
| 2022 | $7.2M | $6.7M | $13.1M | $8.0M | — | View 990 |
| 2021 | $7.4M | $5.6M | $13.7M | $9.2M | — | View 990 |
| 2020 | $5.8M | $4.9M | $12.0M | $9.3M | — | View 990 |
| 2019 | $5.7M | $5.2M | $7.5M | $5.7M | — | View 990 |
| 2018 | $4.3M | $4.8M | $7.1M | $5.7M | — | View 990 |
| 2017 | $4.3M | $4.1M | $7.0M | $5.1M | — | View 990 |
| 2016 | $3.6M | $3.3M | $4.5M | $2.9M | — | View 990 |
| 2015 | $3.0M | $2.8M | $5.3M | $4.0M | — | View 990 |
| 2014 | $3.5M | $2.7M | $4.6M | $3.4M | — | View 990 |
| 2013 | $2.5M | $2.5M | $3.7M | $3.3M | — | View 990 |
| 2012 | $2.2M | $2.1M | $2.8M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $8.4M, expenses of $7.4M, and assets of $15.0M (revenue +12.0% year-over-year).
- 2023: Revenue of $7.5M, expenses of $7.3M, and assets of $14.9M (revenue +3.4% year-over-year).
- 2022: Revenue of $7.2M, expenses of $6.7M, and assets of $13.1M (revenue -2.5% year-over-year).
- 2021: Revenue of $7.4M, expenses of $5.6M, and assets of $13.7M (revenue +28.8% year-over-year).
- 2020: Revenue of $5.8M, expenses of $4.9M, and assets of $12.0M (revenue +1.5% year-over-year).
- 2019: Revenue of $5.7M, expenses of $5.2M, and assets of $7.5M (revenue +32.4% year-over-year).
- 2018: Revenue of $4.3M, expenses of $4.8M, and assets of $7.1M (revenue -0.7% year-over-year).
- 2017: Revenue of $4.3M, expenses of $4.1M, and assets of $7.0M (revenue +19.0% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.3M, and assets of $4.5M (revenue +20.3% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.8M, and assets of $5.3M (revenue -13.4% year-over-year).
- 2014: Revenue of $3.5M, expenses of $2.7M, and assets of $4.6M (revenue +36.7% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.5M, and assets of $3.7M (revenue +15.3% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.1M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aquifer Inc:
Data Sources and Methodology
This transparency report for Aquifer Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.