Calhoun County Water Association Inc
Calhoun County Water Association consistently operates at a deficit, with expenses exceeding revenue in recent years.
EIN: 200679304 · Hampton, AR · NTEE: Y22 · Updated: 2026-03-28
Is Calhoun County Water Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Calhoun County Water Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Calhoun County Water Association Inc
Calhoun County Water Association Inc (EIN: 200679304) is a nonprofit organization based in Hampton, AR, classified under NTEE code Y22. The organization reported total revenue of $349K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Calhoun County Water Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Calhoun County Water Association Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $298K |
| Total Expenses | $450K |
| Surplus / Deficit | $-152,525 |
| Total Assets | $2.0M |
| Total Liabilities | $1.6M |
| Net Assets | $355K |
| Operating Margin | -51.2% |
| Debt-to-Asset Ratio | 82.3% |
| Months of Reserves | 53.4 months |
Financial Health Grade: C
In 2023, Calhoun County Water Association Inc reported a deficit of $153K with expenses exceeding revenue, holds 53.4 months of operating reserves (strong position), has a debt-to-asset ratio of 82.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Calhoun County Water Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | -4.4% | -9.9% |
| 2022 | -0.5% | +4.0% | -10.0% |
| 2021 | -4.7% | -1.1% | +0.1% |
| 2020 | -13.5% | +5.2% | -7.6% |
| 2019 | +21.2% | +1.3% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Calhoun County Water Association Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Calhoun County Water Association Inc 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 $153K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly favorable for minimizing administrative costs.
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 Calhoun County Water Association Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $450,200 expenses vs. $297,675 revenue in 2023.
- High liabilities relative to assets (e.g., $1,647,061 liabilities against $2,002,130 assets in 2023), indicating significant debt.
Strengths
The following positive indicators were identified for Calhoun County Water Association Inc:
- Consistent 0% officer compensation, indicating no executive pay from the organization.
- Regular and consistent IRS 990 filings, demonstrating transparency.
- Substantial asset base (over $2 million in 2023) to support operations, despite high liabilities.
Frequently Asked Questions about Calhoun County Water Association Inc
Is Calhoun County Water Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Calhoun County Water Association Inc (EIN: 200679304) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Calhoun County Water Association Inc spend its money?
Calhoun County Water Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Calhoun County Water Association Inc tax-deductible?
Calhoun County Water Association Inc is registered as a tax-exempt nonprofit (EIN: 200679304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Calhoun County Water Association Inc. financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for several years (e.g., $450,200 expenses vs. $297,675 revenue in 2023). While it has substantial assets ($2,002,130 in 2023), its high liabilities ($1,647,061 in 2023) suggest a reliance on debt or drawing down on reserves, raising questions about long-term financial sustainability without a change in revenue or expense structure.
What is the primary source of funding for Calhoun County Water Association Inc.?
Given its NTEE code Y22 (Utilities) and the nature of a 'Water Association,' its primary funding is likely from service fees or charges to its members/customers for water services. The reported revenue figures represent these operational inflows.
How does the organization manage its significant liabilities?
With liabilities consistently over $1.5 million (e.g., $1,647,061 in 2023), the organization likely manages these through long-term debt, possibly related to infrastructure development or maintenance. Further details would require examining the balance sheet and debt schedules from the full 990 filings.
Filing History
IRS 990 filing history for Calhoun County Water Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Calhoun County Water Association Inc's revenue has grown by 28.7%, moving from $231K to $298K. Total assets decreased by 43% over the same period, from $3.5M to $2.0M. Total functional expenses rose by 17.1%, from $384K to $450K. In its most recent filing year (2023), Calhoun County Water Association Inc reported a deficit of $153K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $2.0M in assets (debt-to-asset ratio: 82.3%), resulting in net assets of $355K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $298K | $450K | $2.0M | $1.6M | — | — |
| 2022 | $277K | $471K | $2.2M | $1.7M | — | — |
| 2021 | $278K | $453K | $2.5M | $1.8M | — | View 990 |
| 2020 | $292K | $458K | $2.5M | $1.6M | — | — |
| 2019 | $337K | $436K | $2.7M | $1.6M | — | View 990 |
| 2018 | $278K | $430K | $2.8M | $1.7M | — | View 990 |
| 2017 | $575K | $406K | $3.2M | $1.9M | — | View 990 |
| 2016 | $423K | $401K | $2.9M | $1.7M | — | View 990 |
| 2015 | $271K | $396K | $2.9M | $1.8M | — | View 990 |
| 2014 | $257K | $391K | $3.0M | $1.8M | — | View 990 |
| 2013 | $245K | $374K | $3.2M | $1.8M | — | View 990 |
| 2012 | $235K | $382K | $3.3M | $1.9M | — | View 990 |
| 2011 | $231K | $384K | $3.5M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $298K, expenses of $450K, and assets of $2.0M (revenue +7.6% year-over-year).
- 2022: Revenue of $277K, expenses of $471K, and assets of $2.2M (revenue -0.5% year-over-year).
- 2021: Revenue of $278K, expenses of $453K, and assets of $2.5M (revenue -4.7% year-over-year).
- 2020: Revenue of $292K, expenses of $458K, and assets of $2.5M (revenue -13.5% year-over-year).
- 2019: Revenue of $337K, expenses of $436K, and assets of $2.7M (revenue +21.2% year-over-year).
- 2018: Revenue of $278K, expenses of $430K, and assets of $2.8M (revenue -51.6% year-over-year).
- 2017: Revenue of $575K, expenses of $406K, and assets of $3.2M (revenue +35.8% year-over-year).
- 2016: Revenue of $423K, expenses of $401K, and assets of $2.9M (revenue +56.4% year-over-year).
- 2015: Revenue of $271K, expenses of $396K, and assets of $2.9M (revenue +5.3% year-over-year).
- 2014: Revenue of $257K, expenses of $391K, and assets of $3.0M (revenue +4.8% year-over-year).
- 2013: Revenue of $245K, expenses of $374K, and assets of $3.2M (revenue +4.2% year-over-year).
- 2012: Revenue of $235K, expenses of $382K, and assets of $3.3M (revenue +1.7% year-over-year).
- 2011: Revenue of $231K, expenses of $384K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Calhoun County Water Association Inc:
Data Sources and Methodology
This transparency report for Calhoun County Water Association 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.