Prime Aquatics Inc
EIN: 812573793 · Alcoa, TN · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $332K |
| Total Expenses | $353K |
| Net Assets | $299K |
Is Prime Aquatics Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prime Aquatics Inc
Prime Aquatics Inc (EIN: 812573793) is a nonprofit organization based in Alcoa, TN, classified under NTEE code N67. The organization reported total revenue of $332K and total assets of $326K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prime Aquatics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prime Aquatics Inc is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $353K |
| Total Expenses | $353K |
| Surplus / Deficit | $-102 |
| Total Assets | $300K |
| Total Liabilities | $41 |
| Net Assets | $299K |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 10.2 months |
Financial Health Grade: B
In 2023, Prime Aquatics Inc reported a deficit of $102 with expenses exceeding revenue, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Prime Aquatics Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.5% | -8.3% | -1.1% |
| 2022 | -15.3% | -4.2% | -4.3% |
| 2021 | +28.6% | +14.3% | +0.3% |
| 2020 | -14.7% | -5.9% | +3.6% |
| 2019 | +318.2% | +247.5% | +25.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prime Aquatics 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 Prime Aquatics 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 $102, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Prime Aquatics Inc
Is Prime Aquatics Inc a legitimate charity?
Prime Aquatics Inc (EIN: 812573793) is a registered tax-exempt nonprofit based in Tennessee. It has 8 years of IRS 990 filings on record. Total revenue: $332K. No red flags identified. Financial health grade: B.
How does Prime Aquatics Inc spend its money?
Prime Aquatics Inc reported $332K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Prime Aquatics Inc tax-deductible?
Prime Aquatics Inc is registered as a tax-exempt nonprofit (EIN: 812573793). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prime Aquatics Inc located?
Prime Aquatics Inc is headquartered in Alcoa, Tennessee and files with the IRS under EIN 812573793. It is classified under NTEE code N67.
How many years of IRS 990 filings does Prime Aquatics Inc have?
Prime Aquatics Inc has 8 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 $332K in total revenue.
Filing History
IRS 990 filing history for Prime Aquatics Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Prime Aquatics Inc's revenue has grown by 107.9%, moving from $170K to $353K. Total assets increased by 772% over the same period, from $34K to $300K. Total functional expenses rose by 163.2%, from $134K to $353K. In its most recent filing year (2023), Prime Aquatics Inc reported a deficit of $102, with expenses exceeding revenue. The organization holds $41 in liabilities against $300K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $299K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $353K | $353K | $300K | $41 | — | — |
| 2022 | $404K | $385K | $303K | $3K | — | View 990 |
| 2021 | $477K | $402K | $316K | $35K | — | View 990 |
| 2020 | $371K | $352K | $316K | $109K | — | — |
| 2019 | $435K | $374K | $305K | $118K | — | View 990 |
| 2018 | $104K | $108K | $243K | $202K | — | — |
| 2017 | $288K | $248K | $320K | $202K | — | View 990 |
| 2016 | $170K | $134K | $34K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $353K, expenses of $353K, and assets of $300K (revenue -12.5% year-over-year).
- 2022: Revenue of $404K, expenses of $385K, and assets of $303K (revenue -15.3% year-over-year).
- 2021: Revenue of $477K, expenses of $402K, and assets of $316K (revenue +28.6% year-over-year).
- 2020: Revenue of $371K, expenses of $352K, and assets of $316K (revenue -14.7% year-over-year).
- 2019: Revenue of $435K, expenses of $374K, and assets of $305K (revenue +318.2% year-over-year).
- 2018: Revenue of $104K, expenses of $108K, and assets of $243K (revenue -63.9% year-over-year).
- 2017: Revenue of $288K, expenses of $248K, and assets of $320K (revenue +69.6% year-over-year).
- 2016: Revenue of $170K, expenses of $134K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prime Aquatics Inc:
Data Sources and Methodology
This transparency report for Prime Aquatics 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.