Coqual Inc
Coqual Inc. faces recurring deficits and a significant asset reduction despite consistent multi-million dollar revenues.
EIN: 133730312 · New York, NY · NTEE: P30Z · Updated: 2026-03-28
Is Coqual Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coqual Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Coqual Inc
Coqual Inc (EIN: 133730312) is a nonprofit organization based in New York, NY, classified under NTEE code P30Z. The organization reported total revenue of $3.7M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coqual Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Coqual Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Coqual Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Coqual Inc. consistently reports 0% officer compensation across all available filings, suggesting either a highly unusual compensation structure where no officers receive reportable compensation, or a strong commitment to transparency by not having highly compensated officers, which is commendable for an organization of its size with multi-million dollar revenues.
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 Coqual Inc's IRS 990 filings:
- Recurring operational deficits (e.g., $1.6M in 2023, $425K in 2022, $697K in 2017)
- Significant decrease in assets from $4.69M in 2022 to $1.93M in 2023
- Liabilities increased significantly in 2023 to $1,048,032, nearly quadrupling from 2021 levels.
Strengths
The following positive indicators were identified for Coqual Inc:
- Consistent ability to generate multi-million dollar revenues (e.g., $3.5M-$5.4M annually)
- No reported officer compensation, indicating potential transparency or efficient executive pay structure.
- Maintains substantial assets, even after the 2023 decrease, providing some financial cushion.
Frequently Asked Questions about Coqual Inc
Is Coqual Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Coqual Inc (EIN: 133730312) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Coqual Inc spend its money?
Coqual Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Coqual Inc tax-deductible?
Coqual Inc is registered as a tax-exempt nonprofit (EIN: 133730312). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did Coqual Inc.'s assets decrease from $4,690,740 in 2022 to $1,935,361 in 2023?
The significant reduction in assets by over $2.7 million in a single year, coupled with a substantial deficit in 2023, suggests either a major investment, a significant write-down, or the use of reserves to cover operational shortfalls. Further review of the full 990 filing would be necessary to understand the specific reasons for this change.
How does Coqual Inc. sustain operations with recurring deficits?
The organization appears to be drawing down on its assets or reserves to cover the difference between expenses and revenue, as evidenced by the asset reduction in 2023. While this can be sustainable in the short term, consistent deficits without a clear plan to increase revenue or decrease expenses could pose a long-term financial risk.
What is the true executive compensation given the 0% reported officer compensation?
While the 'Officer Comp' field consistently shows 0%, it's crucial to examine Schedule J of the full IRS Form 990 to identify compensation for key employees and highly compensated employees, as 'officer compensation' is a specific category and other forms of executive pay might be reported elsewhere.
Filing History
IRS 990 filing history for Coqual Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Coqual Inc's revenue has declined by 8.4%, moving from $3.9M to $3.6M. Total assets increased by 7.4% over the same period, from $1.8M to $1.9M. Total functional expenses rose by 70.7%, from $3.0M to $5.2M. In its most recent filing year (2023), Coqual Inc reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $1.9M in assets (debt-to-asset ratio: 54.2%), resulting in net assets of $887K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $5.2M | $1.9M | $1.0M | — | View 990 |
| 2022 | $4.6M | $5.0M | $4.7M | $1.5M | — | View 990 |
| 2021 | $4.9M | $3.8M | $4.0M | $249K | — | View 990 |
| 2020 | $4.2M | $3.6M | $3.1M | $387K | — | View 990 |
| 2019 | $4.4M | $4.0M | $2.4M | $247K | — | View 990 |
| 2018 | $5.5M | $5.2M | $2.3M | $344K | — | View 990 |
| 2017 | $3.5M | $4.2M | $1.9M | $278K | — | View 990 |
| 2016 | $4.2M | $4.3M | $2.5M | $135K | — | View 990 |
| 2015 | $5.0M | $4.3M | $2.7M | $131K | — | View 990 |
| 2014 | $4.2M | $4.6M | $2.1M | $255K | — | View 990 |
| 2013 | $4.4M | $3.9M | $2.8M | $515K | — | View 990 |
| 2012 | $3.4M | $3.3M | $1.9M | $163K | — | View 990 |
| 2011 | $3.9M | $3.0M | $1.8M | $185K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $5.2M, and assets of $1.9M (revenue -22.3% year-over-year).
- 2022: Revenue of $4.6M, expenses of $5.0M, and assets of $4.7M (revenue -6.6% year-over-year).
- 2021: Revenue of $4.9M, expenses of $3.8M, and assets of $4.0M (revenue +16.3% year-over-year).
- 2020: Revenue of $4.2M, expenses of $3.6M, and assets of $3.1M (revenue -2.9% year-over-year).
- 2019: Revenue of $4.4M, expenses of $4.0M, and assets of $2.4M (revenue -20.1% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.2M, and assets of $2.3M (revenue +53.6% year-over-year).
- 2017: Revenue of $3.5M, expenses of $4.2M, and assets of $1.9M (revenue -14.5% year-over-year).
- 2016: Revenue of $4.2M, expenses of $4.3M, and assets of $2.5M (revenue -17.3% year-over-year).
- 2015: Revenue of $5.0M, expenses of $4.3M, and assets of $2.7M (revenue +18.7% year-over-year).
- 2014: Revenue of $4.2M, expenses of $4.6M, and assets of $2.1M (revenue -3.7% year-over-year).
- 2013: Revenue of $4.4M, expenses of $3.9M, and assets of $2.8M (revenue +29.7% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.3M, and assets of $1.9M (revenue -13.0% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.0M, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Coqual 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.