Walnut Creek Community Association Inc
Walnut Creek Community Association Inc shows consistent revenue growth but incurred a deficit in 2023.
EIN: 202776531 · Katy, TX · NTEE: L50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $906K |
| Program Spending | 90% |
| Net Assets | $642K |
| Transparency Score | 85/100 |
Is Walnut Creek Community Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Walnut Creek Community Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walnut Creek Community Association Inc
Walnut Creek Community Association Inc (EIN: 202776531) is a nonprofit organization based in Katy, TX, classified under NTEE code L50. The organization reported total revenue of $1.1M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walnut Creek Community Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walnut Creek Community Association Inc is a mid-size nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $862K |
| Total Expenses | $906K |
| Surplus / Deficit | $-44,131 |
| Total Assets | $933K |
| Total Liabilities | $291K |
| Net Assets | $642K |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 31.2% |
| Months of Reserves | 12.4 months |
Financial Health Grade: B
In 2023, Walnut Creek Community Association Inc reported a deficit of $44K with expenses exceeding revenue, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 31.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Walnut Creek Community Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | +41.8% | -0.9% |
| 2022 | -0.2% | +23.2% | +64.9% |
| 2021 | +17.8% | -0.8% | +104.5% |
| 2020 | +20.5% | +1.0% | +144.4% |
| 2019 | +24.9% | +0.7% | +87.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Walnut Creek Community Association 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, Walnut Creek Community Association 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either uncompensated or compensated through mechanisms not classified as officer compensation on the 990 form. This suggests a highly efficient use of funds, as no direct compensation is allocated to top leadership.
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 Walnut Creek Community Association Inc's IRS 990 filings:
- Expenses exceeded revenue in the 2023 filing ($905,933 vs. $861,802), indicating a deficit.
- Increasing liabilities in recent years, reaching $291,391 in 2023, after several years of $0 liabilities.
Strengths
The following positive indicators were identified for Walnut Creek Community Association Inc:
- Consistent revenue growth over the past decade, from $207,088 in 2014 to $861,802 in 2023.
- Significant asset growth, from $63,371 in 2014 to $933,266 in 2023.
- 0% reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Strong transparency with 12 consistent IRS 990 filings available for review.
Frequently Asked Questions about Walnut Creek Community Association Inc
Is Walnut Creek Community Association Inc a legitimate charity?
Walnut Creek Community Association Inc (EIN: 202776531) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Walnut Creek Community Association Inc spend its money?
Walnut Creek Community Association Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Walnut Creek Community Association Inc tax-deductible?
Walnut Creek Community Association Inc is registered as a tax-exempt nonprofit (EIN: 202776531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Walnut Creek Community Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Walnut Creek Community Association Inc is above average for NTEE category L50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Walnut Creek Community Association Inc located?
Walnut Creek Community Association Inc is headquartered in Katy, Texas and files with the IRS under EIN 202776531. It is classified under NTEE code L50.
How many years of IRS 990 filings does Walnut Creek Community Association Inc have?
Walnut Creek Community Association Inc has 12 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 $1.1M in total revenue.
Is Walnut Creek Community Association Inc financially stable?
The organization has shown consistent revenue growth and asset accumulation over the past decade. However, the 2023 filing reported expenses ($905,933) exceeding revenue ($861,802), indicating a deficit for that year, which could impact short-term stability if it becomes a trend.
How does Walnut Creek Community Association Inc manage executive compensation?
All available IRS 990 filings report 0% officer compensation, suggesting that the organization's leadership is either volunteer-based or compensated through non-officer compensation categories, contributing to high spending efficiency.
What is the trend in the organization's assets and liabilities?
Assets have grown substantially from $63,371 in 2014 to $933,266 in 2023. Liabilities were $0 for several years (2017-2020) but have increased in recent years, reaching $291,391 in 2023.
Filing History
IRS 990 filing history for Walnut Creek Community Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Walnut Creek Community Association Inc's revenue has grown by 389%, moving from $176K to $862K. Total assets increased by 4776.8% over the same period, from $19K to $933K. Total functional expenses rose by 381.7%, from $188K to $906K. In its most recent filing year (2023), Walnut Creek Community Association Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $291K in liabilities against $933K in assets (debt-to-asset ratio: 31.2%), resulting in net assets of $642K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $862K | $906K | $933K | $291K | — | — |
| 2022 | $808K | $639K | $942K | $211K | — | View 990 |
| 2021 | $810K | $518K | $571K | $0 | — | View 990 |
| 2020 | $687K | $522K | $279K | $0 | — | — |
| 2019 | $571K | $517K | $114K | $0 | — | View 990 |
| 2018 | $457K | $514K | $61K | $0 | — | View 990 |
| 2017 | $500K | $404K | $118K | $0 | — | — |
| 2016 | $342K | $355K | $100K | $79K | — | View 990 |
| 2015 | $88K | $261K | $139K | $104K | — | View 990 |
| 2014 | $207K | $177K | $63K | $42K | — | View 990 |
| 2012 | $170K | $163K | $26K | $0 | — | View 990 |
| 2011 | $176K | $188K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $862K, expenses of $906K, and assets of $933K (revenue +6.6% year-over-year).
- 2022: Revenue of $808K, expenses of $639K, and assets of $942K (revenue -0.2% year-over-year).
- 2021: Revenue of $810K, expenses of $518K, and assets of $571K (revenue +17.8% year-over-year).
- 2020: Revenue of $687K, expenses of $522K, and assets of $279K (revenue +20.5% year-over-year).
- 2019: Revenue of $571K, expenses of $517K, and assets of $114K (revenue +24.9% year-over-year).
- 2018: Revenue of $457K, expenses of $514K, and assets of $61K (revenue -8.7% year-over-year).
- 2017: Revenue of $500K, expenses of $404K, and assets of $118K (revenue +46.2% year-over-year).
- 2016: Revenue of $342K, expenses of $355K, and assets of $100K (revenue +290.6% year-over-year).
- 2015: Revenue of $88K, expenses of $261K, and assets of $139K (revenue -57.7% year-over-year).
- 2014: Revenue of $207K, expenses of $177K, and assets of $63K (revenue +22.0% year-over-year).
- 2012: Revenue of $170K, expenses of $163K, and assets of $26K (revenue -3.7% year-over-year).
- 2011: Revenue of $176K, expenses of $188K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walnut Creek Community Association Inc:
Data Sources and Methodology
This transparency report for Walnut Creek Community Association 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.