Wheeler Frankstown Water Association Inc
EIN: 237021480 · Wheeler, MS
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $626K |
| Net Assets | $2.3M |
Is Wheeler Frankstown Water Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wheeler Frankstown Water Association Inc
Wheeler Frankstown Water Association Inc (EIN: 237021480) is a nonprofit organization based in Wheeler, MS. The organization reported total revenue of $2.8M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wheeler Frankstown Water Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wheeler Frankstown Water Association Inc is a mid-size nonprofit that has been operating for 57 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $701K |
| Total Expenses | $626K |
| Surplus / Deficit | +$74K |
| Total Assets | $2.8M |
| Total Liabilities | $518K |
| Net Assets | $2.3M |
| Operating Margin | 10.6% |
| Debt-to-Asset Ratio | 18.7% |
| Months of Reserves | 53.2 months |
Financial Health Grade: A
In 2022, Wheeler Frankstown Water Association Inc reported a surplus of $74K with revenue exceeding expenses, holds 53.2 months of operating reserves (strong position), has a debt-to-asset ratio of 18.7% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2022), Wheeler Frankstown Water Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +11.4% | +9.6% | -0.6% |
| 2021 | -7.5% | +5.7% | +0.2% |
| 2020 | +10.5% | -12.8% | +2.4% |
| 2019 | +10.1% | +18.9% | -2.3% |
| 2018 | +2.8% | -5.2% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wheeler Frankstown Water Association 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 Wheeler Frankstown Water Association 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $74K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.7%.
Frequently Asked Questions about Wheeler Frankstown Water Association Inc
Is Wheeler Frankstown Water Association Inc a legitimate charity?
Wheeler Frankstown Water Association Inc (EIN: 237021480) is a registered tax-exempt nonprofit based in Mississippi. It has 11 years of IRS 990 filings on record. Total revenue: $2.8M. No red flags identified. Financial health grade: A.
How does Wheeler Frankstown Water Association Inc spend its money?
Wheeler Frankstown Water Association Inc reported $2.8M in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wheeler Frankstown Water Association Inc tax-deductible?
Wheeler Frankstown Water Association Inc is registered as a tax-exempt nonprofit (EIN: 237021480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wheeler Frankstown Water Association Inc located?
Wheeler Frankstown Water Association Inc is headquartered in Wheeler, Mississippi and files with the IRS under EIN 237021480.
How many years of IRS 990 filings does Wheeler Frankstown Water Association Inc have?
Wheeler Frankstown Water Association Inc has 11 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 $2.8M in total revenue.
Filing History
IRS 990 filing history for Wheeler Frankstown Water Association Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Wheeler Frankstown Water Association Inc's revenue has grown by 22.6%, moving from $571K to $701K. Total assets decreased by 0.6% over the same period, from $2.8M to $2.8M. Total functional expenses rose by 43%, from $438K to $626K. In its most recent filing year (2022), Wheeler Frankstown Water Association Inc reported a surplus of $74K, with revenue exceeding expenses. The organization holds $518K in liabilities against $2.8M in assets (debt-to-asset ratio: 18.7%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $701K | $626K | $2.8M | $518K | — | — |
| 2021 | $629K | $571K | $2.8M | $608K | — | View 990 |
| 2020 | $680K | $541K | $2.8M | $687K | — | — |
| 2019 | $615K | $620K | $2.7M | $773K | — | View 990 |
| 2018 | $559K | $522K | $2.8M | $837K | — | View 990 |
| 2017 | $543K | $550K | $2.8M | $944K | — | View 990 |
| 2016 | $597K | $606K | $3.0M | $1.1M | — | View 990 |
| 2015 | $545K | $439K | $3.0M | $1.1M | — | View 990 |
| 2013 | $548K | $398K | $2.9M | $1.2M | — | View 990 |
| 2012 | $541K | $417K | $2.9M | $1.3M | — | View 990 |
| 2011 | $571K | $438K | $2.8M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $701K, expenses of $626K, and assets of $2.8M (revenue +11.4% year-over-year).
- 2021: Revenue of $629K, expenses of $571K, and assets of $2.8M (revenue -7.5% year-over-year).
- 2020: Revenue of $680K, expenses of $541K, and assets of $2.8M (revenue +10.5% year-over-year).
- 2019: Revenue of $615K, expenses of $620K, and assets of $2.7M (revenue +10.1% year-over-year).
- 2018: Revenue of $559K, expenses of $522K, and assets of $2.8M (revenue +2.8% year-over-year).
- 2017: Revenue of $543K, expenses of $550K, and assets of $2.8M (revenue -9.0% year-over-year).
- 2016: Revenue of $597K, expenses of $606K, and assets of $3.0M (revenue +9.6% year-over-year).
- 2015: Revenue of $545K, expenses of $439K, and assets of $3.0M (revenue -0.6% year-over-year).
- 2013: Revenue of $548K, expenses of $398K, and assets of $2.9M (revenue +1.3% year-over-year).
- 2012: Revenue of $541K, expenses of $417K, and assets of $2.9M (revenue -5.4% year-over-year).
- 2011: Revenue of $571K, expenses of $438K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wheeler Frankstown Water Association Inc:
Data Sources and Methodology
This transparency report for Wheeler Frankstown Water 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.