Waters Of Life Outreach Ministry
Waters Of Life Outreach Ministry reports $0 revenue and assets in latest filing, raising questions about its operational status.
EIN: 20696737 · Minneapolis, MN · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $126K |
| CEO/Top Officer Pay | $90,000. |
| Net Assets | $99K |
| Transparency Score | 20/100 |
Is Waters Of Life Outreach Ministry Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Waters Of Life Outreach Ministry
Waters Of Life Outreach Ministry (EIN: 20696737) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code X21. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waters Of Life Outreach Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waters Of Life Outreach Ministry is a small nonprofit that has been operating for 22 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $142K |
| Total Expenses | $126K |
| Surplus / Deficit | +$16K |
| Total Assets | $609K |
| Total Liabilities | $510K |
| Net Assets | $99K |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 83.7% |
| Months of Reserves | 58.0 months |
Financial Health Grade: A
In 2017, Waters Of Life Outreach Ministry reported a surplus of $16K with revenue exceeding expenses, holds 58.0 months of operating reserves (strong position), has a debt-to-asset ratio of 83.7% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Waters Of Life Outreach Ministry's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +7.3% | -0.6% | +2.8% |
| 2016 | -10.1% | +16.9% | -1.0% |
| 2015 | +5.2% | -1.9% | +3.6% |
| 2014 | +50.9% | -6.9% | +4.7% |
| 2013 | -7.2% | +14.4% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2004 |
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 Waters Of Life Outreach Ministry with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Waters Of Life Outreach Ministry allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.7%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with historical revenues exceeding $90,000.
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 Waters Of Life Outreach Ministry's IRS 990 filings:
- Latest filing reports $0 revenue and $0 assets, a drastic change from historical data.
- Unclear operational status due to the latest financial report.
- Significant liabilities in previous years (e.g., $510,000 in 2017) relative to revenue, though assets covered them.
Strengths
The following positive indicators were identified for Waters Of Life Outreach Ministry:
- Historically consistent revenue generation (over $90,000 annually prior to latest filing).
- No reported officer compensation across all filings, indicating potential volunteer leadership or lean administrative structure.
Frequently Asked Questions about Waters Of Life Outreach Ministry
Is Waters Of Life Outreach Ministry a legitimate charity?
Based on AI analysis of IRS 990 filings, Waters Of Life Outreach Ministry (EIN: 20696737) significant concerns. Mission Score: 20/100. 3 red flags identified, 2 strengths noted.
How does Waters Of Life Outreach Ministry spend its money?
Detailed spending breakdown data is not yet available for Waters Of Life Outreach Ministry. Check back for updated IRS 990 analysis.
Are donations to Waters Of Life Outreach Ministry tax-deductible?
Waters Of Life Outreach Ministry is registered as a tax-exempt nonprofit (EIN: 20696737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Waters Of Life Outreach Ministry CEO make?
Waters Of Life Outreach Ministry's highest-compensated officer earns $90,000. annually. Executive compensation data is disclosed in IRS 990 filings.
How does Waters Of Life Outreach Ministry compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Waters Of Life Outreach Ministry is below average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waters Of Life Outreach Ministry located?
Waters Of Life Outreach Ministry is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 20696737. It is classified under NTEE code X21.
How many years of IRS 990 filings does Waters Of Life Outreach Ministry have?
Waters Of Life Outreach Ministry has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Waters Of Life Outreach Ministry still operational given its latest $0 revenue and asset report?
The latest IRS 990 filing for Waters Of Life Outreach Ministry reports $0 in both revenue and assets, which is a significant change from previous years where it consistently reported over $90,000 in revenue and over $550,000 in assets. This raises serious questions about whether the organization is still actively operating.
What caused the sudden drop to $0 revenue and assets in the most recent filing?
The IRS 990 data does not provide a reason for the abrupt change to $0 revenue and assets. This could indicate a cessation of operations, a significant reporting error, or a change in filing requirements or status not immediately apparent from the provided data.
How has the organization managed to operate without paying officer compensation historically?
Across all available filings (2011-2017), officer compensation is reported as 0%. This suggests that the organization's leadership may be entirely volunteer-based or compensated through means not categorized as officer compensation on the 990 form, which could contribute to lower administrative costs.
Filing History
IRS 990 filing history for Waters Of Life Outreach Ministry showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Waters Of Life Outreach Ministry's revenue has grown by 56.8%, moving from $90K to $142K. Total assets increased by 5.9% over the same period, from $575K to $609K. Total functional expenses rose by 26.6%, from $100K to $126K. In its most recent filing year (2017), Waters Of Life Outreach Ministry reported a surplus of $16K, with revenue exceeding expenses. The organization holds $510K in liabilities against $609K in assets (debt-to-asset ratio: 83.7%), resulting in net assets of $99K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $142K | $126K | $609K | $510K | — | View 990 |
| 2016 | $132K | $127K | $593K | $509K | — | View 990 |
| 2015 | $147K | $108K | $599K | $520K | — | View 990 |
| 2014 | $139K | $111K | $578K | $538K | — | View 990 |
| 2013 | $92K | $119K | $552K | $584K | — | View 990 |
| 2012 | $100K | $104K | $584K | $0 | — | View 990 |
| 2011 | $90K | $100K | $575K | $575K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $142K, expenses of $126K, and assets of $609K (revenue +7.3% year-over-year).
- 2016: Revenue of $132K, expenses of $127K, and assets of $593K (revenue -10.1% year-over-year).
- 2015: Revenue of $147K, expenses of $108K, and assets of $599K (revenue +5.2% year-over-year).
- 2014: Revenue of $139K, expenses of $111K, and assets of $578K (revenue +50.9% year-over-year).
- 2013: Revenue of $92K, expenses of $119K, and assets of $552K (revenue -7.2% year-over-year).
- 2012: Revenue of $100K, expenses of $104K, and assets of $584K (revenue +10.2% year-over-year).
- 2011: Revenue of $90K, expenses of $100K, and assets of $575K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waters Of Life Outreach Ministry:
Data Sources and Methodology
This transparency report for Waters Of Life Outreach Ministry 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.