Atlantic States Rural Water & Wastewater Association
Atlantic States Rural Water & Wastewater Association experiences fluctuating finances with recent expenses exceeding revenue.
EIN: 10502709 · Wethersfield, CT · Updated: 2026-03-26
Is Atlantic States Rural Water & Wastewater Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atlantic States Rural Water & Wastewater Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Atlantic States Rural Water & Wastewater Association
Atlantic States Rural Water & Wastewater Association (EIN: 10502709) is a nonprofit organization based in Wethersfield, CT. The organization reported total revenue of $332K and total assets of $174K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlantic States Rural Water & Wastewater Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atlantic States Rural Water & Wastewater Association is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $255K |
| Total Expenses | $320K |
| Surplus / Deficit | $-65,316 |
| Total Assets | $140K |
| Total Liabilities | $97K |
| Net Assets | $43K |
| Operating Margin | -25.6% |
| Debt-to-Asset Ratio | 69.1% |
| Months of Reserves | 5.2 months |
Financial Health Grade: C
In 2023, Atlantic States Rural Water & Wastewater Association reported a deficit of $65K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 69.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Atlantic States Rural Water & Wastewater Association's revenue has declined at a compound annual growth rate (CAGR) of -12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.2% | -29.7% | -34.5% |
| 2022 | -3.4% | +2.0% | +27.2% |
| 2021 | +23.1% | +10.0% | +8.1% |
| 2020 | -27.7% | -21.9% | -10.4% |
| 2019 | -9.7% | -7.4% | -14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Atlantic States Rural Water & Wastewater Association with a Mission Score of 70 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Atlantic States Rural Water & Wastewater Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $65K, with expenses exceeding revenue.
- Debt-to-asset ratio: 69.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received reportable compensation from the organization. This suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which is a positive for resource allocation but limits detailed analysis of executive pay practices.
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 Atlantic States Rural Water & Wastewater Association's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202306: $320,430 expenses vs. $255,114 revenue).
- Significant decline in revenue over the past decade, from $936,023 in 201406 to $255,114 in 202306.
- Liabilities have occasionally exceeded assets in past periods (e.g., 201706, 201606, 201506), indicating potential solvency concerns.
Strengths
The following positive indicators were identified for Atlantic States Rural Water & Wastewater Association:
- Consistent operation for over a decade, demonstrating organizational resilience.
- 0% officer compensation reported across all filings, suggesting efficient use of funds at the executive level.
- Maintains a positive asset base, albeit fluctuating, indicating some financial reserves.
Frequently Asked Questions about Atlantic States Rural Water & Wastewater Association
Is Atlantic States Rural Water & Wastewater Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlantic States Rural Water & Wastewater Association (EIN: 10502709) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Atlantic States Rural Water & Wastewater Association spend its money?
Atlantic States Rural Water & Wastewater Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atlantic States Rural Water & Wastewater Association tax-deductible?
Atlantic States Rural Water & Wastewater Association is registered as a tax-exempt nonprofit (EIN: 10502709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Atlantic States Rural Water & Wastewater Association financially stable?
The organization's financial stability shows some volatility. While it has operated for many years, several periods, including the most recent (202306), show expenses exceeding revenue. Assets have also fluctuated, decreasing from $213,878 in 202206 to $140,072 in 202306, indicating periods of financial strain.
How does the organization manage its liabilities?
Liabilities have varied significantly over time, sometimes exceeding assets (e.g., $231,268 liabilities vs. $209,543 assets in 201706; $240,843 liabilities vs. $187,843 assets in 201606). This suggests that the organization occasionally operates with a negative net asset position, which could pose a risk.
What is the trend in the organization's revenue?
Revenue has shown a general downward trend from a peak of $936,023 in 201406 to $255,114 in 202306, with some fluctuations. This significant decrease in funding over the decade could impact its operational capacity.
Filing History
IRS 990 filing history for Atlantic States Rural Water & Wastewater Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Atlantic States Rural Water & Wastewater Association's revenue has declined by 78.4%, moving from $1.2M to $255K. Total assets decreased by 29.6% over the same period, from $199K to $140K. Total functional expenses fell by 74.8%, from $1.3M to $320K. In its most recent filing year (2023), Atlantic States Rural Water & Wastewater Association reported a deficit of $65K, with expenses exceeding revenue. The organization holds $97K in liabilities against $140K in assets (debt-to-asset ratio: 69.1%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $255K | $320K | $140K | $97K | — | View 990 |
| 2022 | $457K | $456K | $214K | $180K | — | View 990 |
| 2021 | $474K | $447K | $168K | $166K | — | View 990 |
| 2020 | $385K | $406K | $156K | $158K | — | — |
| 2019 | $532K | $521K | $173K | $154K | — | View 990 |
| 2018 | $590K | $562K | $203K | $196K | — | View 990 |
| 2017 | $583K | $552K | $210K | $231K | — | View 990 |
| 2016 | $603K | $559K | $188K | $241K | — | View 990 |
| 2015 | $684K | $711K | $94K | $198K | — | View 990 |
| 2014 | $936K | $894K | $186K | $201K | — | View 990 |
| 2013 | $783K | $807K | $230K | $287K | — | View 990 |
| 2012 | $861K | $950K | $187K | $220K | — | View 990 |
| 2011 | $1.2M | $1.3M | $199K | $142K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $255K, expenses of $320K, and assets of $140K (revenue -44.2% year-over-year).
- 2022: Revenue of $457K, expenses of $456K, and assets of $214K (revenue -3.4% year-over-year).
- 2021: Revenue of $474K, expenses of $447K, and assets of $168K (revenue +23.1% year-over-year).
- 2020: Revenue of $385K, expenses of $406K, and assets of $156K (revenue -27.7% year-over-year).
- 2019: Revenue of $532K, expenses of $521K, and assets of $173K (revenue -9.7% year-over-year).
- 2018: Revenue of $590K, expenses of $562K, and assets of $203K (revenue +1.1% year-over-year).
- 2017: Revenue of $583K, expenses of $552K, and assets of $210K (revenue -3.4% year-over-year).
- 2016: Revenue of $603K, expenses of $559K, and assets of $188K (revenue -11.8% year-over-year).
- 2015: Revenue of $684K, expenses of $711K, and assets of $94K (revenue -26.9% year-over-year).
- 2014: Revenue of $936K, expenses of $894K, and assets of $186K (revenue +19.5% year-over-year).
- 2013: Revenue of $783K, expenses of $807K, and assets of $230K (revenue -9.1% year-over-year).
- 2012: Revenue of $861K, expenses of $950K, and assets of $187K (revenue -27.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $199K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlantic States Rural Water & Wastewater Association:
Data Sources and Methodology
This transparency report for Atlantic States Rural Water & Wastewater Association 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.