Talquin Water And Wastewater Inc
Talquin Water And Wastewater Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 204787395 · Quincy, FL · NTEE: Y22 · Updated: 2026-03-28
Is Talquin Water And Wastewater Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Talquin Water And Wastewater Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Talquin Water And Wastewater Inc
Talquin Water And Wastewater Inc (EIN: 204787395) is a nonprofit organization based in Quincy, FL, classified under NTEE code Y22. The organization reported total revenue of $17.6M and total assets of $94.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Talquin Water And Wastewater Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Talquin Water And Wastewater 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Talquin Water And Wastewater Inc 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.
Executive Compensation Analysis
Talquin Water And Wastewater Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to officers, directors, or trustees, which is highly unusual for an organization of its size with over $15 million in annual revenue and $80 million in assets. This suggests either a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990.
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 Talquin Water And Wastewater Inc's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, which may indicate compensation is reported in other categories or a fully volunteer executive team, requiring further investigation for full transparency.
Strengths
The following positive indicators were identified for Talquin Water And Wastewater Inc:
- Consistent revenue growth, from $11.7M in 2013 to $15.6M in 2022.
- Significant asset growth, from $59.8M in 2013 to $80.7M in 2022, indicating strong financial health.
- No reported officer compensation, suggesting a high dedication of funds to operations or a volunteer-led executive structure.
- Expenses generally kept below revenue, leading to positive net assets and financial stability.
Frequently Asked Questions about Talquin Water And Wastewater Inc
Is Talquin Water And Wastewater Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Talquin Water And Wastewater Inc (EIN: 204787395) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Talquin Water And Wastewater Inc spend its money?
Talquin Water And Wastewater Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Talquin Water And Wastewater Inc tax-deductible?
Talquin Water And Wastewater Inc is registered as a tax-exempt nonprofit (EIN: 204787395). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Talquin Water And Wastewater Inc a good charity?
Based on the provided financial data, Talquin Water And Wastewater Inc appears to be a financially stable organization with consistent growth in revenue and assets. The consistent reporting of 0% officer compensation is a strong positive indicator of its commitment to its mission and efficient use of funds. However, without detailed program spending breakdowns, a full assessment of its charitable impact is limited.
How does Talquin Water And Wastewater Inc manage its executive compensation?
The IRS 990 filings for Talquin Water And Wastewater Inc consistently report 0% officer compensation. This means that no salaries, bonuses, or other compensation were paid to officers, directors, or trustees as reported on these forms. This is highly unusual for an organization of its scale and suggests either a completely volunteer executive leadership or that compensation is structured and reported under different categories.
What is the financial trend of Talquin Water And Wastewater Inc?
Talquin Water And Wastewater Inc has demonstrated a strong positive financial trend over the past decade. Revenue has grown from $11,697,582 in 2013 to $15,566,228 in 2022, and assets have increased from $59,807,431 to $80,698,020 during the same period. Expenses have also increased but generally at a slower rate than revenue, indicating healthy operational management.
Filing History
IRS 990 filing history for Talquin Water And Wastewater Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Talquin Water And Wastewater Inc's revenue has grown by 45.7%, moving from $10.7M to $15.6M. Total assets increased by 40.6% over the same period, from $57.4M to $80.7M. Total functional expenses rose by 34.9%, from $10.3M to $13.8M. In its most recent filing year (2022), Talquin Water And Wastewater Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $51.4M in liabilities against $80.7M in assets (debt-to-asset ratio: 63.7%), resulting in net assets of $29.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $15.6M | $13.8M | $80.7M | $51.4M | — | View 990 |
| 2021 | $14.8M | $12.4M | $78.2M | $50.6M | — | View 990 |
| 2020 | $13.7M | $12.5M | $70.7M | $45.7M | — | View 990 |
| 2019 | $13.0M | $12.4M | $68.3M | $44.4M | — | View 990 |
| 2018 | $12.5M | $12.2M | $66.8M | $43.6M | — | View 990 |
| 2017 | $12.2M | $11.8M | $65.6M | $42.8M | — | View 990 |
| 2016 | $11.8M | $11.5M | $64.2M | $42.2M | — | View 990 |
| 2015 | $11.3M | $10.8M | $61.8M | $40.1M | — | View 990 |
| 2014 | $11.2M | $11.1M | $60.6M | $39.4M | — | View 990 |
| 2013 | $11.7M | $10.9M | $59.8M | $38.8M | — | View 990 |
| 2012 | $11.5M | $10.8M | $57.4M | $37.3M | — | View 990 |
| 2011 | $10.7M | $10.3M | $57.4M | $38.1M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $15.6M, expenses of $13.8M, and assets of $80.7M (revenue +5.0% year-over-year).
- 2021: Revenue of $14.8M, expenses of $12.4M, and assets of $78.2M (revenue +8.4% year-over-year).
- 2020: Revenue of $13.7M, expenses of $12.5M, and assets of $70.7M (revenue +5.0% year-over-year).
- 2019: Revenue of $13.0M, expenses of $12.4M, and assets of $68.3M (revenue +4.3% year-over-year).
- 2018: Revenue of $12.5M, expenses of $12.2M, and assets of $66.8M (revenue +2.2% year-over-year).
- 2017: Revenue of $12.2M, expenses of $11.8M, and assets of $65.6M (revenue +3.6% year-over-year).
- 2016: Revenue of $11.8M, expenses of $11.5M, and assets of $64.2M (revenue +4.1% year-over-year).
- 2015: Revenue of $11.3M, expenses of $10.8M, and assets of $61.8M (revenue +0.9% year-over-year).
- 2014: Revenue of $11.2M, expenses of $11.1M, and assets of $60.6M (revenue -4.0% year-over-year).
- 2013: Revenue of $11.7M, expenses of $10.9M, and assets of $59.8M (revenue +1.3% year-over-year).
- 2012: Revenue of $11.5M, expenses of $10.8M, and assets of $57.4M (revenue +8.1% year-over-year).
- 2011: Revenue of $10.7M, expenses of $10.3M, and assets of $57.4M.
Data Sources and Methodology
This transparency report for Talquin Water And Wastewater 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.