Tate Monroe Water Assn Inc
EIN: 310742800 · New Richmond, OH · NTEE: W99
Is Tate Monroe Water Assn Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tate Monroe Water Assn Inc
Tate Monroe Water Assn Inc (EIN: 310742800) is a nonprofit organization based in New Richmond, OH, classified under NTEE code W99. The organization reported total revenue of $8.1M and total assets of $30.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tate Monroe Water Assn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tate Monroe Water Assn Inc is a mid-size nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.2M |
| Total Expenses | $5.9M |
| Surplus / Deficit | +$288K |
| Total Assets | $29.2M |
| Total Liabilities | $13.9M |
| Net Assets | $15.3M |
| Operating Margin | 4.6% |
| Debt-to-Asset Ratio | 47.6% |
| Months of Reserves | 59.3 months |
Financial Health Grade: A
In 2024, Tate Monroe Water Assn Inc reported a surplus of $288K with revenue exceeding expenses, holds 59.3 months of operating reserves (strong position), has a debt-to-asset ratio of 47.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Tate Monroe Water Assn Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +6.3% | -2.6% | +0.9% |
| 2023 | +14.6% | +10.2% | -1.6% |
| 2022 | +2.0% | +3.3% | -3.0% |
| 2021 | -2.0% | -2.4% | -2.3% |
| 2020 | +14.6% | +7.7% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tate Monroe Water Assn 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 Tate Monroe Water Assn 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $288K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.6%.
Frequently Asked Questions about Tate Monroe Water Assn Inc
Is Tate Monroe Water Assn Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tate Monroe Water Assn Inc (EIN: 310742800) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tate Monroe Water Assn Inc spend its money?
Detailed spending breakdown data is not yet available for Tate Monroe Water Assn Inc. Check back for updated IRS 990 analysis.
Are donations to Tate Monroe Water Assn Inc tax-deductible?
Tate Monroe Water Assn Inc is registered as a tax-exempt nonprofit (EIN: 310742800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Tate Monroe Water Assn Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Tate Monroe Water Assn Inc's revenue has grown by 709.7%, moving from $765K to $6.2M. Total assets decreased by 24.4% over the same period, from $38.6M to $29.2M. Total functional expenses rose by 309.1%, from $1.4M to $5.9M. In its most recent filing year (2024), Tate Monroe Water Assn Inc reported a surplus of $288K, with revenue exceeding expenses. The organization holds $13.9M in liabilities against $29.2M in assets (debt-to-asset ratio: 47.6%), resulting in net assets of $15.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.2M | $5.9M | $29.2M | $13.9M | — | View 990 |
| 2023 | $5.8M | $6.1M | $28.9M | $14.0M | — | View 990 |
| 2022 | $5.1M | $5.5M | $29.4M | $14.2M | — | View 990 |
| 2021 | $5.0M | $5.3M | $30.3M | $14.5M | — | View 990 |
| 2020 | $5.1M | $5.5M | $31.0M | $14.6M | — | — |
| 2019 | $4.4M | $5.1M | $31.7M | $14.9M | — | View 990 |
| 2018 | $4.8M | $4.9M | $32.5M | $15.1M | — | — |
| 2017 | $4.5M | $5.7M | $32.9M | $15.3M | — | View 990 |
| 2016 | $4.8M | $5.1M | $35.1M | $15.6M | — | View 990 |
| 2015 | $4.9M | $5.1M | $35.5M | $15.8M | — | View 990 |
| 2014 | $4.6M | $5.1M | $35.8M | $15.9M | — | View 990 |
| 2013 | $528K | $1.4M | $36.5M | $16.0M | — | View 990 |
| 2012 | $596K | $1.5M | $37.6M | $16.2M | — | View 990 |
| 2011 | $765K | $1.4M | $38.6M | $16.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.2M, expenses of $5.9M, and assets of $29.2M (revenue +6.3% year-over-year).
- 2023: Revenue of $5.8M, expenses of $6.1M, and assets of $28.9M (revenue +14.6% year-over-year).
- 2022: Revenue of $5.1M, expenses of $5.5M, and assets of $29.4M (revenue +2.0% year-over-year).
- 2021: Revenue of $5.0M, expenses of $5.3M, and assets of $30.3M (revenue -2.0% year-over-year).
- 2020: Revenue of $5.1M, expenses of $5.5M, and assets of $31.0M (revenue +14.6% year-over-year).
- 2019: Revenue of $4.4M, expenses of $5.1M, and assets of $31.7M (revenue -6.6% year-over-year).
- 2018: Revenue of $4.8M, expenses of $4.9M, and assets of $32.5M (revenue +4.9% year-over-year).
- 2017: Revenue of $4.5M, expenses of $5.7M, and assets of $32.9M (revenue -5.1% year-over-year).
- 2016: Revenue of $4.8M, expenses of $5.1M, and assets of $35.1M (revenue -3.5% year-over-year).
- 2015: Revenue of $4.9M, expenses of $5.1M, and assets of $35.5M (revenue +8.5% year-over-year).
- 2014: Revenue of $4.6M, expenses of $5.1M, and assets of $35.8M (revenue +763.2% year-over-year).
- 2013: Revenue of $528K, expenses of $1.4M, and assets of $36.5M (revenue -11.4% year-over-year).
- 2012: Revenue of $596K, expenses of $1.5M, and assets of $37.6M (revenue -22.1% year-over-year).
- 2011: Revenue of $765K, expenses of $1.4M, and assets of $38.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tate Monroe Water Assn Inc:
Data Sources and Methodology
This transparency report for Tate Monroe Water Assn 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.