Permian Basin Public Telecommunications Inc

Is Permian Basin Public Telecommunications Inc Legit?

Some Concerns

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

Permian Basin Public Telecommunications Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Permian Basin Public Telecommunications Inc

Permian Basin Public Telecommunications Inc (EIN: 203221344) is a nonprofit organization based in Midland, TX, classified under NTEE code A32. The organization reported total revenue of $2.1M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Permian Basin Public Telecommunications Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Permian Basin Public Telecommunications Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Permian Basin Public Telecommunications Inc reported a deficit of $324K with expenses exceeding revenue, holds 46.1 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Permian Basin Public Telecommunications Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.

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 Permian Basin Public Telecommunications Inc 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Permian Basin Public Telecommunications Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $324K, with expenses exceeding revenue.
• Debt-to-asset ratio: 15.7%.

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 with annual revenues exceeding $1.6 million and assets nearing $7 million.

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 Permian Basin Public Telecommunications Inc's IRS 990 filings:

• Expenses exceeding revenue in recent periods (202308: -$324,479; 202208: -$65,808)
• Significant increase in liabilities in 202308 to $1,216,163 from $95,935 in 202208
• Consistent 0% officer compensation, which is atypical for an organization of this scale and could indicate unreported compensation or reliance on external support.

Strengths

The following positive indicators were identified for Permian Basin Public Telecommunications Inc:

• Strong and growing asset base, reaching $7,759,190 in 202308
• Consistent revenue generation over many years, demonstrating sustained donor/funder support
• High transparency regarding executive compensation with 0% reported officer compensation
• Long history of IRS 990 filings (13 filings), indicating consistent compliance and reporting

Frequently Asked Questions about Permian Basin Public Telecommunications Inc

Filing History

IRS 990 filing history for Permian Basin Public Telecommunications Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Permian Basin Public Telecommunications Inc's revenue has grown by 41.8%, moving from $1.2M to $1.7M. Total assets increased by 331% over the same period, from $1.8M to $7.8M. Total functional expenses rose by 58.2%, from $1.3M to $2.0M. In its most recent filing year (2023), Permian Basin Public Telecommunications Inc reported a deficit of $324K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $7.8M in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $6.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.7M, expenses of $2.0M, and assets of $7.8M (revenue -9.1% year-over-year).
• 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $6.9M (revenue -14.2% year-over-year).
• 2021: Revenue of $2.2M, expenses of $1.9M, and assets of $7.0M (revenue -2.0% year-over-year).
• 2020: Revenue of $2.2M, expenses of $1.6M, and assets of $6.8M (revenue -4.6% year-over-year).
• 2019: Revenue of $2.3M, expenses of $1.8M, and assets of $6.1M (revenue +1.2% year-over-year).
• 2018: Revenue of $2.3M, expenses of $1.4M, and assets of $6.2M (revenue -20.2% year-over-year).
• 2017: Revenue of $2.9M, expenses of $1.3M, and assets of $5.1M (revenue +110.4% year-over-year).
• 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $3.6M (revenue -13.8% year-over-year).
• 2015: Revenue of $1.6M, expenses of $1.3M, and assets of $3.5M (revenue +25.9% year-over-year).
• 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $3.5M (revenue -50.1% year-over-year).
• 2013: Revenue of $2.5M, expenses of $1.2M, and assets of $3.6M (revenue +74.8% year-over-year).
• 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $1.6M (revenue +20.8% year-over-year).
• 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $1.8M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Permian Basin Public Telecommunications Inc:

Data Sources and Methodology

This transparency report for Permian Basin Public Telecommunications 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.