Fort Davis Water Supply Corporation
EIN: 741665165 · Fort Davis, TX
| Metric | Value |
|---|---|
| Total Revenue | $793K |
| Total Expenses | $864K |
| Net Assets | $238K |
Is Fort Davis Water Supply Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fort Davis Water Supply Corporation
Fort Davis Water Supply Corporation (EIN: 741665165) is a nonprofit organization based in Fort Davis, TX. The organization reported total revenue of $793K and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Davis Water Supply Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Davis Water Supply Corporation is a small nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $778K |
| Total Expenses | $864K |
| Surplus / Deficit | $-85,764 |
| Total Assets | $336K |
| Total Liabilities | $99K |
| Net Assets | $238K |
| Operating Margin | -11.0% |
| Debt-to-Asset Ratio | 29.3% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Fort Davis Water Supply Corporation reported a deficit of $86K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 29.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fort Davis Water Supply Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +23.3% | -13.1% |
| 2022 | +4.4% | -7.1% | +6.4% |
| 2021 | +1.9% | -3.6% | -16.6% |
| 2020 | +11.2% | +21.9% | -7.1% |
| 2019 | +3.1% | +0.0% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fort Davis Water Supply Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fort Davis Water Supply Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $86K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.3%.
Frequently Asked Questions about Fort Davis Water Supply Corporation
Is Fort Davis Water Supply Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fort Davis Water Supply Corporation (EIN: 741665165) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fort Davis Water Supply Corporation spend its money?
Detailed spending breakdown data is not yet available for Fort Davis Water Supply Corporation. Check back for updated IRS 990 analysis.
Are donations to Fort Davis Water Supply Corporation tax-deductible?
Fort Davis Water Supply Corporation is registered as a tax-exempt nonprofit (EIN: 741665165). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fort Davis Water Supply Corporation located?
Fort Davis Water Supply Corporation is headquartered in Fort Davis, Texas and files with the IRS under EIN 741665165.
How many years of IRS 990 filings does Fort Davis Water Supply Corporation have?
Fort Davis Water Supply 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 $793K in total revenue.
Filing History
IRS 990 filing history for Fort Davis Water Supply Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fort Davis Water Supply Corporation's revenue has grown by 31.8%, moving from $590K to $778K. Total assets decreased by 35% over the same period, from $518K to $336K. Total functional expenses rose by 56.8%, from $551K to $864K. In its most recent filing year (2023), Fort Davis Water Supply Corporation reported a deficit of $86K, with expenses exceeding revenue. The organization holds $99K in liabilities against $336K in assets (debt-to-asset ratio: 29.3%), resulting in net assets of $238K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $778K | $864K | $336K | $99K | — | — |
| 2022 | $740K | $701K | $387K | $63K | — | View 990 |
| 2021 | $710K | $754K | $364K | $77K | — | — |
| 2020 | $697K | $783K | $436K | $167K | — | — |
| 2019 | $626K | $642K | $470K | $117K | — | View 990 |
| 2018 | $607K | $642K | $471K | $100K | — | View 990 |
| 2017 | $606K | $554K | $489K | $85K | — | View 990 |
| 2016 | $543K | $562K | $406K | $56K | — | View 990 |
| 2015 | $536K | $524K | $450K | $86K | — | View 990 |
| 2014 | $549K | $560K | $408K | $58K | — | View 990 |
| 2013 | $555K | $572K | $456K | $103K | — | View 990 |
| 2012 | $575K | $566K | $481K | $111K | — | View 990 |
| 2011 | $590K | $551K | $518K | $127K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $778K, expenses of $864K, and assets of $336K (revenue +5.1% year-over-year).
- 2022: Revenue of $740K, expenses of $701K, and assets of $387K (revenue +4.4% year-over-year).
- 2021: Revenue of $710K, expenses of $754K, and assets of $364K (revenue +1.9% year-over-year).
- 2020: Revenue of $697K, expenses of $783K, and assets of $436K (revenue +11.2% year-over-year).
- 2019: Revenue of $626K, expenses of $642K, and assets of $470K (revenue +3.1% year-over-year).
- 2018: Revenue of $607K, expenses of $642K, and assets of $471K (revenue +0.2% year-over-year).
- 2017: Revenue of $606K, expenses of $554K, and assets of $489K (revenue +11.6% year-over-year).
- 2016: Revenue of $543K, expenses of $562K, and assets of $406K (revenue +1.2% year-over-year).
- 2015: Revenue of $536K, expenses of $524K, and assets of $450K (revenue -2.3% year-over-year).
- 2014: Revenue of $549K, expenses of $560K, and assets of $408K (revenue -1.1% year-over-year).
- 2013: Revenue of $555K, expenses of $572K, and assets of $456K (revenue -3.6% year-over-year).
- 2012: Revenue of $575K, expenses of $566K, and assets of $481K (revenue -2.5% year-over-year).
- 2011: Revenue of $590K, expenses of $551K, and assets of $518K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fort Davis Water Supply Corporation:
Data Sources and Methodology
This transparency report for Fort Davis Water Supply 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.