Lakewood Utilities
EIN: 420920429 · Fort Dodge, IA
| Metric | Value |
|---|---|
| Total Revenue | $67K |
| Total Expenses | $95K |
| Net Assets | $-13,297 |
Is Lakewood Utilities Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lakewood Utilities
Lakewood Utilities (EIN: 420920429) is a nonprofit organization based in Fort Dodge, IA. The organization reported total revenue of $67K and total assets of $405K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakewood Utilities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakewood Utilities is a micro nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $95K |
| Surplus / Deficit | $-26,769 |
| Total Assets | $350K |
| Total Liabilities | $363K |
| Net Assets | $-13,297 |
| Operating Margin | -39.1% |
| Debt-to-Asset Ratio | 103.8% |
| Months of Reserves | 44.1 months |
Financial Health Grade: C
In 2024, Lakewood Utilities reported a deficit of $27K with expenses exceeding revenue, holds 44.1 months of operating reserves (strong position), has a debt-to-asset ratio of 103.8% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Lakewood Utilities's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.0% | +24.5% | -10.3% |
| 2023 | +1.4% | +6.9% | -3.6% |
| 2022 | -0.5% | -0.1% | -2.7% |
| 2021 | -0.2% | +2.2% | -2.3% |
| 2020 | +21.8% | -3.7% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lakewood Utilities 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 Lakewood Utilities 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 103.8%.
Frequently Asked Questions about Lakewood Utilities
Is Lakewood Utilities a legitimate charity?
Lakewood Utilities (EIN: 420920429) is a registered tax-exempt nonprofit based in Iowa. It has 13 years of IRS 990 filings on record. Total revenue: $67K. No red flags identified. Financial health grade: C.
How does Lakewood Utilities spend its money?
Lakewood Utilities reported $67K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lakewood Utilities tax-deductible?
Lakewood Utilities is registered as a tax-exempt nonprofit (EIN: 420920429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lakewood Utilities located?
Lakewood Utilities is headquartered in Fort Dodge, Iowa and files with the IRS under EIN 420920429.
How many years of IRS 990 filings does Lakewood Utilities have?
Lakewood Utilities 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 $67K in total revenue.
Filing History
IRS 990 filing history for Lakewood Utilities showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Lakewood Utilities's revenue has grown by 126%, moving from $30K to $68K. Total assets increased by 100.3% over the same period, from $175K to $350K. Total functional expenses rose by 299.3%, from $24K to $95K. In its most recent filing year (2024), Lakewood Utilities reported a deficit of $27K, with expenses exceeding revenue. The organization holds $363K in liabilities against $350K in assets (debt-to-asset ratio: 103.8%), resulting in net assets of $-13,297.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $68K | $95K | $350K | $363K | — | — |
| 2023 | $68K | $76K | $390K | $376K | — | View 990 |
| 2022 | $67K | $72K | $404K | $383K | — | View 990 |
| 2021 | $68K | $72K | $415K | $390K | — | — |
| 2020 | $68K | $70K | $425K | $396K | — | — |
| 2019 | $56K | $73K | $435K | $401K | — | View 990 |
| 2018 | $49K | $71K | $459K | $407K | — | View 990 |
| 2017 | $48K | $76K | $487K | $417K | — | View 990 |
| 2016 | $49K | $88K | $519K | $421K | — | View 990 |
| 2015 | $42K | $38K | $358K | $220K | — | View 990 |
| 2014 | $32K | $62K | $134K | $460 | — | View 990 |
| 2013 | $31K | $42K | $163K | $420 | — | View 990 |
| 2012 | $30K | $24K | $175K | $394 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $68K, expenses of $95K, and assets of $350K (revenue +0.0% year-over-year).
- 2023: Revenue of $68K, expenses of $76K, and assets of $390K (revenue +1.4% year-over-year).
- 2022: Revenue of $67K, expenses of $72K, and assets of $404K (revenue -0.5% year-over-year).
- 2021: Revenue of $68K, expenses of $72K, and assets of $415K (revenue -0.2% year-over-year).
- 2020: Revenue of $68K, expenses of $70K, and assets of $425K (revenue +21.8% year-over-year).
- 2019: Revenue of $56K, expenses of $73K, and assets of $435K (revenue +14.8% year-over-year).
- 2018: Revenue of $49K, expenses of $71K, and assets of $459K (revenue +0.5% year-over-year).
- 2017: Revenue of $48K, expenses of $76K, and assets of $487K (revenue -0.9% year-over-year).
- 2016: Revenue of $49K, expenses of $88K, and assets of $519K (revenue +14.9% year-over-year).
- 2015: Revenue of $42K, expenses of $38K, and assets of $358K (revenue +32.3% year-over-year).
- 2014: Revenue of $32K, expenses of $62K, and assets of $134K (revenue +4.6% year-over-year).
- 2013: Revenue of $31K, expenses of $42K, and assets of $163K (revenue +1.4% year-over-year).
- 2012: Revenue of $30K, expenses of $24K, and assets of $175K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakewood Utilities:
Data Sources and Methodology
This transparency report for Lakewood Utilities 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.