Ramer Water Company Inc
EIN: 630482301 · Ramer, AL
| Metric | Value |
|---|---|
| Total Revenue | $219K |
| Total Expenses | $228K |
| Net Assets | $425K |
Is Ramer Water Company Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ramer Water Company Inc
Ramer Water Company Inc (EIN: 630482301) is a nonprofit organization based in Ramer, AL. The organization reported total revenue of $219K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ramer Water Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ramer Water Company Inc is a small nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $196K |
| Total Expenses | $228K |
| Surplus / Deficit | $-32,570 |
| Total Assets | $1.1M |
| Total Liabilities | $689K |
| Net Assets | $425K |
| Operating Margin | -16.7% |
| Debt-to-Asset Ratio | 61.8% |
| Months of Reserves | 58.6 months |
Financial Health Grade: C
In 2023, Ramer Water Company Inc reported a deficit of $33K with expenses exceeding revenue, holds 58.6 months of operating reserves (strong position), has a debt-to-asset ratio of 61.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ramer Water Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.9% | +8.3% | -8.5% |
| 2022 | +2.9% | -6.1% | -8.0% |
| 2021 | -0.3% | +33.3% | +10.3% |
| 2020 | -18.1% | +0.8% | -0.8% |
| 2019 | +31.3% | +1.5% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ramer Water Company 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 Ramer Water Company 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 $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 61.8%.
Frequently Asked Questions about Ramer Water Company Inc
Is Ramer Water Company Inc a legitimate charity?
Ramer Water Company Inc (EIN: 630482301) is a registered tax-exempt nonprofit based in Alabama. It has 13 years of IRS 990 filings on record. Total revenue: $219K. No red flags identified. Financial health grade: C.
How does Ramer Water Company Inc spend its money?
Ramer Water Company Inc reported $219K 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 Ramer Water Company Inc tax-deductible?
Ramer Water Company Inc is registered as a tax-exempt nonprofit (EIN: 630482301). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ramer Water Company Inc located?
Ramer Water Company Inc is headquartered in Ramer, Alabama and files with the IRS under EIN 630482301.
How many years of IRS 990 filings does Ramer Water Company Inc have?
Ramer Water Company Inc 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 $219K in total revenue.
Filing History
IRS 990 filing history for Ramer Water Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ramer Water Company Inc's revenue has grown by 21.6%, moving from $161K to $196K. Total assets decreased by 19.6% over the same period, from $1.4M to $1.1M. Total functional expenses rose by 36%, from $168K to $228K. In its most recent filing year (2023), Ramer Water Company Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $689K in liabilities against $1.1M in assets (debt-to-asset ratio: 61.8%), resulting in net assets of $425K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $196K | $228K | $1.1M | $689K | — | View 990 |
| 2022 | $175K | $211K | $1.2M | $760K | — | View 990 |
| 2021 | $170K | $224K | $1.3M | $830K | — | — |
| 2020 | $170K | $168K | $1.2M | $652K | — | — |
| 2019 | $208K | $167K | $1.2M | $664K | — | View 990 |
| 2018 | $158K | $165K | $1.2M | $676K | — | View 990 |
| 2017 | $167K | $169K | $1.2M | $686K | — | View 990 |
| 2016 | $183K | $179K | $1.2M | $697K | — | View 990 |
| 2015 | $160K | $178K | $1.2M | $707K | — | View 990 |
| 2014 | $147K | $183K | $1.2M | $717K | — | View 990 |
| 2013 | $144K | $185K | $1.3M | $727K | — | View 990 |
| 2012 | $146K | $182K | $1.3M | $735K | — | View 990 |
| 2011 | $161K | $168K | $1.4M | $744K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $196K, expenses of $228K, and assets of $1.1M (revenue +11.9% year-over-year).
- 2022: Revenue of $175K, expenses of $211K, and assets of $1.2M (revenue +2.9% year-over-year).
- 2021: Revenue of $170K, expenses of $224K, and assets of $1.3M (revenue -0.3% year-over-year).
- 2020: Revenue of $170K, expenses of $168K, and assets of $1.2M (revenue -18.1% year-over-year).
- 2019: Revenue of $208K, expenses of $167K, and assets of $1.2M (revenue +31.3% year-over-year).
- 2018: Revenue of $158K, expenses of $165K, and assets of $1.2M (revenue -5.0% year-over-year).
- 2017: Revenue of $167K, expenses of $169K, and assets of $1.2M (revenue -9.0% year-over-year).
- 2016: Revenue of $183K, expenses of $179K, and assets of $1.2M (revenue +14.5% year-over-year).
- 2015: Revenue of $160K, expenses of $178K, and assets of $1.2M (revenue +8.7% year-over-year).
- 2014: Revenue of $147K, expenses of $183K, and assets of $1.2M (revenue +2.3% year-over-year).
- 2013: Revenue of $144K, expenses of $185K, and assets of $1.3M (revenue -1.2% year-over-year).
- 2012: Revenue of $146K, expenses of $182K, and assets of $1.3M (revenue -9.4% year-over-year).
- 2011: Revenue of $161K, expenses of $168K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ramer Water Company Inc:
Data Sources and Methodology
This transparency report for Ramer Water Company 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.