Clark Shores Water Corporation
Clark Shores Water Corporation faces consistent operating deficits despite substantial assets.
EIN: 10654140 · Lakeville, MA · NTEE: Y22 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $231K |
| Total Expenses | $344K |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 65/100 |
Is Clark Shores Water Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clark Shores Water Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clark Shores Water Corporation
Clark Shores Water Corporation (EIN: 10654140) is a nonprofit organization based in Lakeville, MA, classified under NTEE code Y22. The organization reported total revenue of $231K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clark Shores Water Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clark Shores Water Corporation is a small nonprofit that has been operating for 2 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $344K |
| Surplus / Deficit | $-213,770 |
| Total Assets | $3.6M |
| Total Liabilities | $2.5M |
| Net Assets | $1.1M |
| Operating Margin | -163.5% |
| Debt-to-Asset Ratio | 69.5% |
| Months of Reserves | 123.7 months |
Financial Health Grade: C
In 2023, Clark Shores Water Corporation reported a deficit of $214K with expenses exceeding revenue, holds 123.7 months of operating reserves (strong position), has a debt-to-asset ratio of 69.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Clark Shores Water Corporation's revenue has declined at a compound annual growth rate (CAGR) of -11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +75.1% | -14.1% |
| 2022 | +72.2% | +0.9% | -1.8% |
| 2021 | -59.1% | -4.2% | +0.2% |
| 2020 | -83.2% | +64.8% | +6.7% |
| 2019 | +1738.6% | +140.7% | +33.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2024 |
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 Clark Shores Water Corporation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Clark Shores Water Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $214K, with expenses exceeding revenue.
- Debt-to-asset ratio: 69.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive indicator for minimizing administrative costs relative to its size.
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 Clark Shores Water Corporation's IRS 990 filings:
- Consistent operating deficits: Expenses have significantly outpaced revenue since 2021, with a $213,770 deficit in 2023.
- Increasing liabilities: Liabilities have grown to $2,469,573 in 2023, representing a substantial portion of total assets.
- Lack of detailed expense breakdown: Without a clear breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Clark Shores Water Corporation:
- No officer compensation reported: Consistently 0% officer compensation across all filings indicates a volunteer-driven leadership or very lean executive overhead.
- Substantial asset base: The organization maintains significant assets, totaling $3,551,278 in 2023, providing a financial buffer.
- Long operating history: With 13 filings, the organization has a long history of providing services.
Frequently Asked Questions about Clark Shores Water Corporation
Is Clark Shores Water Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Clark Shores Water Corporation (EIN: 10654140) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Clark Shores Water Corporation spend its money?
Clark Shores Water Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clark Shores Water Corporation tax-deductible?
Clark Shores Water Corporation is registered as a tax-exempt nonprofit (EIN: 10654140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Clark Shores Water Corporation's spending goes to programs?
Clark Shores Water Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Clark Shores Water Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Clark Shores Water Corporation is above average for NTEE category Y22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Clark Shores Water Corporation located?
Clark Shores Water Corporation is headquartered in Lakeville, Massachusetts and files with the IRS under EIN 10654140. It is classified under NTEE code Y22.
How many years of IRS 990 filings does Clark Shores Water Corporation have?
Clark Shores Water Corporation 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 $231K in total revenue.
What caused the significant revenue increase in 2019 to over $1 million, and why did it not sustain?
The provided data shows a revenue spike to $1,068,069 in 2019, significantly higher than any other year. This could be due to a large grant, a specific project, or a one-time asset sale. Without further detail from the 990, the exact cause and why it wasn't sustained are unclear.
How does Clark Shores Water Corporation plan to address its recurring operating deficits?
The organization has consistently spent more than it earned since 2021, with expenses exceeding revenue by $213,770 in 2023. This trend suggests a need for a clear strategy to either increase revenue or reduce operational costs to ensure long-term financial sustainability.
What is the breakdown of the organization's expenses, particularly between program services and administrative costs?
The provided data only gives total expenses. A detailed breakdown of program service expenses versus administrative and fundraising costs would be necessary to fully assess spending efficiency and ensure funds are primarily directed towards its mission.
What is the nature of the organization's liabilities, which have grown to $2,469,573 in 2023?
The substantial and growing liabilities, representing a significant portion of assets, warrant investigation. Understanding if these are long-term debts, bonds, or other obligations is crucial for assessing financial risk.
Filing History
IRS 990 filing history for Clark Shores Water Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Clark Shores Water Corporation's revenue has declined by 77.1%, moving from $571K to $131K. Total assets increased by 427.7% over the same period, from $673K to $3.6M. Total functional expenses fell by 38.9%, from $564K to $344K. In its most recent filing year (2023), Clark Shores Water Corporation reported a deficit of $214K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $3.6M in assets (debt-to-asset ratio: 69.5%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $344K | $3.6M | $2.5M | — | — |
| 2022 | $126K | $197K | $4.1M | $2.4M | — | — |
| 2021 | $73K | $195K | $4.2M | $2.4M | — | — |
| 2020 | $179K | $204K | $4.2M | $2.3M | — | — |
| 2019 | $1.1M | $124K | $3.9M | $2.7M | — | — |
| 2018 | $58K | $51K | $3.0M | $2.7M | — | View 990 |
| 2017 | $59K | $56K | $992K | $729K | — | View 990 |
| 2016 | $60K | $46K | $956K | $698K | — | View 990 |
| 2015 | $74K | $50K | $789K | $543K | — | View 990 |
| 2014 | $91K | $45K | $705K | $475K | — | View 990 |
| 2013 | $51K | $44K | $655K | $479K | — | View 990 |
| 2012 | $106K | $55K | $660K | $491K | — | View 990 |
| 2011 | $571K | $564K | $673K | $510K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $344K, and assets of $3.6M (revenue +3.5% year-over-year).
- 2022: Revenue of $126K, expenses of $197K, and assets of $4.1M (revenue +72.2% year-over-year).
- 2021: Revenue of $73K, expenses of $195K, and assets of $4.2M (revenue -59.1% year-over-year).
- 2020: Revenue of $179K, expenses of $204K, and assets of $4.2M (revenue -83.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $124K, and assets of $3.9M (revenue +1738.6% year-over-year).
- 2018: Revenue of $58K, expenses of $51K, and assets of $3.0M (revenue -1.7% year-over-year).
- 2017: Revenue of $59K, expenses of $56K, and assets of $992K (revenue -0.9% year-over-year).
- 2016: Revenue of $60K, expenses of $46K, and assets of $956K (revenue -19.8% year-over-year).
- 2015: Revenue of $74K, expenses of $50K, and assets of $789K (revenue -17.8% year-over-year).
- 2014: Revenue of $91K, expenses of $45K, and assets of $705K (revenue +75.9% year-over-year).
- 2013: Revenue of $51K, expenses of $44K, and assets of $655K (revenue -51.4% year-over-year).
- 2012: Revenue of $106K, expenses of $55K, and assets of $660K (revenue -81.5% year-over-year).
- 2011: Revenue of $571K, expenses of $564K, and assets of $673K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clark Shores Water Corporation:
Data Sources and Methodology
This transparency report for Clark Shores Water Corporation 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.