Waterloo Alumni Association Incorporated
Waterloo Alumni Association maintains stable assets with fluctuating revenues and minimal liabilities.
EIN: 134238531 · Waterloo, AL · NTEE: B84 · Updated: 2026-03-28
Is Waterloo Alumni Association Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterloo Alumni Association Incorporated directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterloo Alumni Association Incorporated
Waterloo Alumni Association Incorporated (EIN: 134238531) is a nonprofit organization based in Waterloo, AL, classified under NTEE code B84. The organization reported total revenue of $17K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterloo Alumni Association Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterloo Alumni Association Incorporated is a micro nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $19K |
| Surplus / Deficit | +$6K |
| Total Assets | $30K |
| Total Liabilities | $1 |
| Net Assets | $30K |
| Operating Margin | 22.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Waterloo Alumni Association Incorporated reported a surplus of $6K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2014–2023), Waterloo Alumni Association Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +106.9% | -4.7% | +16.1% |
| 2022 | +18.3% | +89.0% | -23.7% |
| 2021 | -37.6% | +138.9% | -1.5% |
| 2020 | +18.5% | -73.1% | +51.0% |
| 2019 | +4.7% | +54.6% | -25.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
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 Waterloo Alumni Association Incorporated 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Waterloo Alumni Association Incorporated allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that no executive salaries are paid, which is a positive sign for a small nonprofit and suggests resources are directed towards its mission.
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 Waterloo Alumni Association Incorporated's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes full spending efficiency analysis challenging.
Strengths
The following positive indicators were identified for Waterloo Alumni Association Incorporated:
- Consistently low liabilities (often $1) indicating strong financial health and minimal debt.
- No reported officer compensation, suggesting efficient use of funds for the mission.
- Consistent IRS 990 filings demonstrate a commitment to transparency.
- Stable asset base, ranging from $23,127 to $34,919, over several years.
Frequently Asked Questions about Waterloo Alumni Association Incorporated
Is Waterloo Alumni Association Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterloo Alumni Association Incorporated (EIN: 134238531) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Waterloo Alumni Association Incorporated spend its money?
Waterloo Alumni Association Incorporated directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waterloo Alumni Association Incorporated tax-deductible?
Waterloo Alumni Association Incorporated is registered as a tax-exempt nonprofit (EIN: 134238531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Waterloo Alumni Association Incorporated financially stable?
Yes, the organization appears financially stable. While revenues fluctuate, assets have remained consistent, and liabilities are consistently minimal (often $1), indicating a healthy balance sheet.
Does Waterloo Alumni Association Incorporated pay its officers?
No, the IRS 990 data consistently shows 0% officer compensation, meaning no salaries are paid to executives.
How has the organization's revenue trended recently?
Revenue has fluctuated, with a high of $24,827 in 2023 and a low of $10,147 in 2021, showing variability year-to-year.
Filing History
IRS 990 filing history for Waterloo Alumni Association Incorporated showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2014–2023), Waterloo Alumni Association Incorporated's revenue has grown by 89.6%, moving from $13K to $25K. Total assets decreased by 1.9% over the same period, from $31K to $30K. Total functional expenses rose by 79%, from $11K to $19K. In its most recent filing year (2023), Waterloo Alumni Association Incorporated reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1 in liabilities against $30K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $19K | $30K | $1 | — | — |
| 2022 | $12K | $20K | $26K | $1 | — | — |
| 2021 | $10K | $11K | $34K | $1 | — | — |
| 2020 | $16K | $4K | $35K | $1 | — | — |
| 2019 | $14K | $17K | $23K | $1 | — | View 990 |
| 2014 | $13K | $11K | $31K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $19K, and assets of $30K (revenue +106.9% year-over-year).
- 2022: Revenue of $12K, expenses of $20K, and assets of $26K (revenue +18.3% year-over-year).
- 2021: Revenue of $10K, expenses of $11K, and assets of $34K (revenue -37.6% year-over-year).
- 2020: Revenue of $16K, expenses of $4K, and assets of $35K (revenue +18.5% year-over-year).
- 2019: Revenue of $14K, expenses of $17K, and assets of $23K (revenue +4.7% year-over-year).
- 2014: Revenue of $13K, expenses of $11K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterloo Alumni Association Incorporated:
Data Sources and Methodology
This transparency report for Waterloo Alumni Association Incorporated 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.