Granite State Rural Water Association

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Granite State Rural Water Association Form 990, Revenue, CEO Pay, and IRS Filing Signals

Granite State Rural Water Association is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Granite State Rural Water Association in one place.

Is Granite State Rural Water Association Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Granite State Rural Water Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Granite State Rural Water Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Granite State Rural Water Association

Granite State Rural Water Association (EIN: 203427007) is a nonprofit organization based in Plymouth, NH, classified under NTEE code S41. The organization reported total revenue of $1.0M and total assets of $757K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite State Rural Water Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Granite State Rural Water Association is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Granite State Rural Water Association reported a surplus of $82K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Granite State Rural Water Association's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.

IRS Tax-Exempt Classification

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 Granite State Rural Water Association with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Granite State Rural Water Association allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $82K, with revenue exceeding expenses.
• Debt-to-asset ratio: 11.0%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with over $1 million in revenue and suggests a strong commitment to directing funds to programs.

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.

Strengths

The following positive indicators were identified for Granite State Rural Water Association:

• Consistent revenue growth, from $796,424 in 2019 to $1,021,712 in the latest period.
• Zero reported officer compensation across all filings, indicating high transparency and mission focus.
• Healthy asset growth, from $345,660 in 2019 to $757,213 in the latest period.
• Strong program spending efficiency, implied by low administrative and fundraising costs.
• Stable and manageable liabilities relative to assets.

Frequently Asked Questions about Granite State Rural Water Association

Filing History

IRS 990 filing history for Granite State Rural Water Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Granite State Rural Water Association's revenue has grown by 47.8%, moving from $594K to $878K. Total assets increased by 135.5% over the same period, from $285K to $672K. Total functional expenses rose by 39.3%, from $571K to $796K. In its most recent filing year (2023), Granite State Rural Water Association reported a surplus of $82K, with revenue exceeding expenses. The organization holds $74K in liabilities against $672K in assets (debt-to-asset ratio: 11.0%), resulting in net assets of $598K.

Year-by-Year Financial Summary

• 2023: Revenue of $878K, expenses of $796K, and assets of $672K (revenue +18.4% year-over-year).
• 2022: Revenue of $741K, expenses of $661K, and assets of $571K (revenue -6.4% year-over-year).
• 2021: Revenue of $792K, expenses of $679K, and assets of $502K (revenue +17.5% year-over-year).
• 2020: Revenue of $674K, expenses of $629K, and assets of $393K (revenue -15.3% year-over-year).
• 2019: Revenue of $796K, expenses of $761K, and assets of $346K (revenue +11.2% year-over-year).
• 2018: Revenue of $716K, expenses of $680K, and assets of $314K (revenue +1.7% year-over-year).
• 2017: Revenue of $704K, expenses of $712K, and assets of $281K (revenue +6.9% year-over-year).
• 2016: Revenue of $659K, expenses of $622K, and assets of $277K (revenue -1.6% year-over-year).
• 2015: Revenue of $670K, expenses of $660K, and assets of $282K (revenue +4.9% year-over-year).
• 2014: Revenue of $638K, expenses of $623K, and assets of $326K (revenue +3.9% year-over-year).
• 2013: Revenue of $614K, expenses of $605K, and assets of $305K (revenue +21.2% year-over-year).
• 2012: Revenue of $507K, expenses of $496K, and assets of $292K (revenue -14.7% year-over-year).
• 2011: Revenue of $594K, expenses of $571K, and assets of $285K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Granite State Rural Water Association:

Data Sources and Methodology

This transparency report for Granite State Rural Water Association 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.