Goodwill Water System Inc
EIN: 720762711 · Oak Grove, LA · NTEE: Y22
| Metric | Value |
|---|---|
| Total Revenue | $364K |
| Total Expenses | $395K |
| Net Assets | $670K |
Is Goodwill Water System Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Goodwill Water System Inc
Goodwill Water System Inc (EIN: 720762711) is a nonprofit organization based in Oak Grove, LA, classified under NTEE code Y22. The organization reported total revenue of $364K and total assets of $859K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goodwill Water System Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goodwill Water System Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $394K |
| Total Expenses | $395K |
| Surplus / Deficit | $-992 |
| Total Assets | $941K |
| Total Liabilities | $270K |
| Net Assets | $670K |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 28.7% |
| Months of Reserves | 28.6 months |
Financial Health Grade: B
In 2023, Goodwill Water System Inc reported a deficit of $992 with expenses exceeding revenue, holds 28.6 months of operating reserves (strong position), has a debt-to-asset ratio of 28.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Goodwill Water System Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.8% | +35.0% | -2.3% |
| 2022 | +4.0% | +4.8% | -11.1% |
| 2021 | +2.7% | -18.6% | -2.8% |
| 2020 | +1.2% | +18.5% | -13.1% |
| 2019 | -7.1% | -5.1% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Goodwill Water System Inc 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 Goodwill Water System Inc 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 $992, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.7%.
Frequently Asked Questions about Goodwill Water System Inc
Is Goodwill Water System Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodwill Water System Inc (EIN: 720762711) insufficient data. 0 red flags identified, 0 strengths noted.
How does Goodwill Water System Inc spend its money?
Detailed spending breakdown data is not yet available for Goodwill Water System Inc. Check back for updated IRS 990 analysis.
Are donations to Goodwill Water System Inc tax-deductible?
Goodwill Water System Inc is registered as a tax-exempt nonprofit (EIN: 720762711). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Goodwill Water System Inc located?
Goodwill Water System Inc is headquartered in Oak Grove, Louisiana and files with the IRS under EIN 720762711. It is classified under NTEE code Y22.
How many years of IRS 990 filings does Goodwill Water System Inc have?
Goodwill Water System Inc 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 $364K in total revenue.
Filing History
IRS 990 filing history for Goodwill Water System Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Goodwill Water System Inc's revenue has grown by 62.9%, moving from $242K to $394K. Total assets decreased by 50.9% over the same period, from $1.9M to $941K. Total functional expenses rose by 24.3%, from $318K to $395K. In its most recent filing year (2023), Goodwill Water System Inc reported a deficit of $992, with expenses exceeding revenue. The organization holds $270K in liabilities against $941K in assets (debt-to-asset ratio: 28.7%), resulting in net assets of $670K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $394K | $395K | $941K | $270K | — | View 990 |
| 2022 | $301K | $293K | $962K | $288K | — | — |
| 2021 | $290K | $279K | $1.1M | $416K | — | — |
| 2020 | $282K | $343K | $1.1M | $458K | — | — |
| 2019 | $279K | $289K | $1.3M | $565K | — | View 990 |
| 2018 | $300K | $305K | $1.3M | $590K | — | View 990 |
| 2017 | $295K | $302K | $1.3M | $604K | — | View 990 |
| 2016 | $202K | $308K | $1.4M | $622K | — | View 990 |
| 2015 | $204K | $285K | $1.4M | $641K | — | View 990 |
| 2014 | $203K | $295K | $1.5M | $658K | — | View 990 |
| 2013 | $210K | $310K | $1.7M | $682K | — | View 990 |
| 2012 | $263K | $339K | $1.8M | $704K | — | View 990 |
| 2011 | $242K | $318K | $1.9M | $757K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $394K, expenses of $395K, and assets of $941K (revenue +30.8% year-over-year).
- 2022: Revenue of $301K, expenses of $293K, and assets of $962K (revenue +4.0% year-over-year).
- 2021: Revenue of $290K, expenses of $279K, and assets of $1.1M (revenue +2.7% year-over-year).
- 2020: Revenue of $282K, expenses of $343K, and assets of $1.1M (revenue +1.2% year-over-year).
- 2019: Revenue of $279K, expenses of $289K, and assets of $1.3M (revenue -7.1% year-over-year).
- 2018: Revenue of $300K, expenses of $305K, and assets of $1.3M (revenue +1.9% year-over-year).
- 2017: Revenue of $295K, expenses of $302K, and assets of $1.3M (revenue +46.1% year-over-year).
- 2016: Revenue of $202K, expenses of $308K, and assets of $1.4M (revenue -1.0% year-over-year).
- 2015: Revenue of $204K, expenses of $285K, and assets of $1.4M (revenue +0.5% year-over-year).
- 2014: Revenue of $203K, expenses of $295K, and assets of $1.5M (revenue -3.5% year-over-year).
- 2013: Revenue of $210K, expenses of $310K, and assets of $1.7M (revenue -20.3% year-over-year).
- 2012: Revenue of $263K, expenses of $339K, and assets of $1.8M (revenue +8.9% year-over-year).
- 2011: Revenue of $242K, expenses of $318K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goodwill Water System Inc:
Data Sources and Methodology
This transparency report for Goodwill Water System 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.