Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr
Employee benefit trust consistently spends more than it earns, drawing down assets over time.
EIN: 20498200 · Nashua, NH · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $88K |
| Total Expenses | $22K |
| Program Spending | 90% |
| Net Assets | $35K |
| Transparency Score | 85/100 |
Is Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr (EIN: 20498200) is a nonprofit organization based in Nashua, NH, classified under NTEE code Y43. The organization reported total revenue of $88K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr is a micro nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $22K |
| Surplus / Deficit | $-16,322 |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | -291.0% |
| Months of Reserves | 18.9 months |
Financial Health Grade: B
In 2023, Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr reported a deficit of $16K with expenses exceeding revenue, holds 18.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.5% | -44.8% | -32.1% |
| 2022 | -41.9% | +10.2% | -34.0% |
| 2021 | +223.0% | +18.7% | -14.2% |
| 2020 | +85.7% | +20.1% | -20.5% |
| 2019 | -48.0% | +7.9% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $16K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is excellent for a nonprofit's financial efficiency.
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 Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) over multiple years, indicating asset depletion.
- Significant decline in total assets from $236,811 in 2014 to $34,544 in 2023.
Strengths
The following positive indicators were identified for Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr:
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
- Zero liabilities reported in all available filings, indicating a healthy balance sheet free of debt.
Frequently Asked Questions about Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr
Is Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr (EIN: 20498200) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr spend its money?
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr tax-deductible?
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr is registered as a tax-exempt nonprofit (EIN: 20498200). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr located?
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20498200. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr have?
Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr 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 $88K in total revenue.
What is the primary purpose of the Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr?
Based on its name and NTEE code (Y43), it is an employee benefit trust designed to provide benefits to non-union employees of Pennichuck Water Works Inc.
Why are expenses consistently higher than revenue?
This pattern, coupled with declining assets, suggests the trust is in a phase of distributing benefits or covering administrative costs from its principal, rather than generating sufficient income to cover all outflows, which is typical for many benefit plans.
Is the decline in assets a concern?
For an employee benefit plan, a decline in assets can be expected if it's distributing benefits to retirees or former employees. It's not necessarily a 'red flag' if it aligns with the plan's design and actuarial projections for asset depletion.
Filing History
IRS 990 filing history for Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr's revenue has declined by 35.4%, moving from $9K to $6K. Total assets decreased by 83.4% over the same period, from $208K to $35K. In its most recent filing year (2023), Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr reported a deficit of $16K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $22K | $35K | $0 | — | — |
| 2022 | $14K | $40K | $51K | $0 | — | View 990 |
| 2021 | $23K | $36K | $77K | $0 | — | — |
| 2020 | $7K | $30K | $90K | $0 | — | — |
| 2019 | $4K | $25K | $113K | $0 | — | View 990 |
| 2018 | $7K | $23K | $134K | $0 | — | View 990 |
| 2017 | $8K | $19K | $150K | $0 | — | View 990 |
| 2016 | $-912 | $18K | $162K | $0 | — | View 990 |
| 2015 | $65K | $121K | $181K | $0 | — | View 990 |
| 2014 | $19K | $18K | $237K | $0 | — | View 990 |
| 2013 | $23K | $6K | $236K | $0 | — | View 990 |
| 2012 | $10K | $0 | $218K | $0 | — | View 990 |
| 2011 | $9K | $0 | $208K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $22K, and assets of $35K (revenue -58.5% year-over-year).
- 2022: Revenue of $14K, expenses of $40K, and assets of $51K (revenue -41.9% year-over-year).
- 2021: Revenue of $23K, expenses of $36K, and assets of $77K (revenue +223.0% year-over-year).
- 2020: Revenue of $7K, expenses of $30K, and assets of $90K (revenue +85.7% year-over-year).
- 2019: Revenue of $4K, expenses of $25K, and assets of $113K (revenue -48.0% year-over-year).
- 2018: Revenue of $7K, expenses of $23K, and assets of $134K (revenue -1.6% year-over-year).
- 2017: Revenue of $8K, expenses of $19K, and assets of $150K.
- 2016: Revenue of $-912, expenses of $18K, and assets of $162K (revenue -101.4% year-over-year).
- 2015: Revenue of $65K, expenses of $121K, and assets of $181K (revenue +239.5% year-over-year).
- 2014: Revenue of $19K, expenses of $18K, and assets of $237K (revenue -18.6% year-over-year).
- 2013: Revenue of $23K, expenses of $6K, and assets of $236K (revenue +134.5% year-over-year).
- 2012: Revenue of $10K, expenses of $0, and assets of $218K (revenue +15.4% year-over-year).
- 2011: Revenue of $9K, expenses of $0, and assets of $208K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr:
Data Sources and Methodology
This transparency report for Pennichuck Water Works Inc Employee Benefit Plan Non Union Employ Tr 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.