Baxter Marion Water Association
Baxter Marion Water Association consistently operates at a deficit, with expenses significantly exceeding revenue in all reported periods.
EIN: 202718700 · Oakland, AR · NTEE: Y22 · Updated: 2026-03-28
Is Baxter Marion Water Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Baxter Marion Water Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Baxter Marion Water Association
Baxter Marion Water Association (EIN: 202718700) is a nonprofit organization based in Oakland, AR, classified under NTEE code Y22. The organization reported total revenue of $186K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Baxter Marion Water Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Baxter Marion Water Association is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $174K |
| Total Expenses | $326K |
| Surplus / Deficit | $-151,889 |
| Total Assets | $6.4M |
| Total Liabilities | $1.3M |
| Net Assets | $5.1M |
| Operating Margin | -87.0% |
| Debt-to-Asset Ratio | 20.8% |
| Months of Reserves | 236.2 months |
Financial Health Grade: B
In 2023, Baxter Marion Water Association reported a deficit of $152K with expenses exceeding revenue, holds 236.2 months of operating reserves (strong position), has a debt-to-asset ratio of 20.8% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Baxter Marion Water Association's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.4% | +4.5% | -1.9% |
| 2022 | -2.8% | -1.3% | -2.1% |
| 2021 | +9.1% | +5.9% | -2.1% |
| 2020 | -25.5% | -9.9% | -2.1% |
| 2019 | +25.6% | -0.1% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
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 Baxter Marion Water Association with a Mission Score of 65 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Baxter Marion Water Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $152K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for a nonprofit of its size ($186,356 latest revenue).
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 Baxter Marion Water Association's IRS 990 filings:
- Consistent operational deficits, with expenses significantly exceeding revenue in all reported periods (e.g., $326,377 expenses vs. $174,488 revenue in 2023).
- Declining total assets over time, from $7,358,136 in 2017 to $6,422,930 in 2023, likely due to deficit spending.
Strengths
The following positive indicators were identified for Baxter Marion Water Association:
- Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds for administrative overhead.
- Focus on a critical utility service (water association) as per NTEE code Y22.
Frequently Asked Questions about Baxter Marion Water Association
Is Baxter Marion Water Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Baxter Marion Water Association (EIN: 202718700) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Baxter Marion Water Association spend its money?
Baxter Marion Water Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Baxter Marion Water Association tax-deductible?
Baxter Marion Water Association is registered as a tax-exempt nonprofit (EIN: 202718700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Baxter Marion Water Association financially sustainable given its consistent deficits?
The organization consistently spends more than it earns, with expenses exceeding revenue in every reported year (e.g., $326,377 expenses vs. $174,488 revenue in 2023). This trend suggests potential long-term financial sustainability challenges if not addressed by increased revenue or reduced expenses, or if these deficits are intentionally covered by non-operating income or reserves not detailed in the provided data.
What is the primary cause of the declining asset trend?
The consistent operational deficits, where expenses exceed revenue, are likely contributing to the decline in total assets from $7,358,136 in 2017 to $6,422,930 in 2023, as the organization may be drawing from its reserves to cover operational shortfalls.
How does the organization cover its operational deficits?
The provided data does not specify how the organization covers its consistent operational deficits. It's possible they are utilizing accumulated reserves, receiving grants or other non-operating income not categorized as 'revenue' in these summaries, or incurring debt (though liabilities have remained relatively stable).
Filing History
IRS 990 filing history for Baxter Marion Water Association showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Baxter Marion Water Association's revenue has grown by 5.9%, moving from $165K to $174K. Total assets decreased by 12.7% over the same period, from $7.4M to $6.4M. Total functional expenses rose by 14.4%, from $285K to $326K. In its most recent filing year (2023), Baxter Marion Water Association reported a deficit of $152K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $6.4M in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $326K | $6.4M | $1.3M | — | View 990 |
| 2022 | $143K | $312K | $6.5M | $1.3M | — | — |
| 2021 | $147K | $316K | $6.7M | $1.3M | — | View 990 |
| 2020 | $134K | $299K | $6.8M | $1.3M | — | — |
| 2019 | $180K | $332K | $7.0M | $1.2M | — | — |
| 2018 | $144K | $332K | $7.1M | $1.3M | — | View 990 |
| 2017 | $165K | $285K | $7.4M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $326K, and assets of $6.4M (revenue +22.4% year-over-year).
- 2022: Revenue of $143K, expenses of $312K, and assets of $6.5M (revenue -2.8% year-over-year).
- 2021: Revenue of $147K, expenses of $316K, and assets of $6.7M (revenue +9.1% year-over-year).
- 2020: Revenue of $134K, expenses of $299K, and assets of $6.8M (revenue -25.5% year-over-year).
- 2019: Revenue of $180K, expenses of $332K, and assets of $7.0M (revenue +25.6% year-over-year).
- 2018: Revenue of $144K, expenses of $332K, and assets of $7.1M (revenue -12.8% year-over-year).
- 2017: Revenue of $165K, expenses of $285K, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Baxter Marion Water Association:
Data Sources and Methodology
This transparency report for Baxter Marion Water 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.