Whittier Marina Condominium Association Inc
EIN: 562487799 · Anchorage, AK · NTEE: N99
Is Whittier Marina Condominium 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 Whittier Marina Condominium Association Inc
Whittier Marina Condominium Association Inc (EIN: 562487799) is a nonprofit organization based in Anchorage, AK, classified under NTEE code N99. The organization reported total revenue of $1.6M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whittier Marina Condominium Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whittier Marina Condominium Association Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $718K |
| Total Expenses | $587K |
| Surplus / Deficit | +$131K |
| Total Assets | $1.4M |
| Total Liabilities | $225 |
| Net Assets | $1.4M |
| Operating Margin | 18.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 28.0 months |
Financial Health Grade: A
In 2023, Whittier Marina Condominium Association Inc reported a surplus of $131K with revenue exceeding expenses, holds 28.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Whittier Marina Condominium Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.2% | -4.6% | +10.6% |
| 2022 | -12.2% | -14.0% | -7.2% |
| 2021 | -3.6% | +2.7% | -8.5% |
| 2020 | -6.9% | +45.0% | -5.3% |
| 2019 | +12.9% | -4.2% | +13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Whittier Marina Condominium 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 Whittier Marina Condominium 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $131K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Whittier Marina Condominium Association Inc
Is Whittier Marina Condominium Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Whittier Marina Condominium Association Inc (EIN: 562487799) insufficient data. 0 red flags identified, 0 strengths noted.
How does Whittier Marina Condominium Association Inc spend its money?
Detailed spending breakdown data is not yet available for Whittier Marina Condominium Association Inc. Check back for updated IRS 990 analysis.
Are donations to Whittier Marina Condominium Association Inc tax-deductible?
Whittier Marina Condominium Association Inc is registered as a tax-exempt nonprofit (EIN: 562487799). 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 Whittier Marina Condominium Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Whittier Marina Condominium Association Inc's revenue has grown by 22%, moving from $589K to $718K. Total assets increased by 51.3% over the same period, from $907K to $1.4M. Total functional expenses rose by 59.6%, from $368K to $587K. In its most recent filing year (2023), Whittier Marina Condominium Association Inc reported a surplus of $131K, with revenue exceeding expenses. The organization holds $225 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $718K | $587K | $1.4M | $225 | — | View 990 |
| 2022 | $520K | $615K | $1.2M | $193 | — | — |
| 2021 | $592K | $716K | $1.3M | $193 | — | — |
| 2020 | $614K | $697K | $1.5M | $193 | — | — |
| 2019 | $660K | $481K | $1.5M | $193 | — | View 990 |
| 2018 | $584K | $502K | $1.4M | $183 | — | View 990 |
| 2017 | $602K | $555K | $1.3M | $183 | — | View 990 |
| 2016 | $581K | $521K | $1.2M | $183 | — | View 990 |
| 2015 | $574K | $405K | $1.2M | $134 | — | View 990 |
| 2014 | $457K | $439K | $1.0M | $321 | — | View 990 |
| 2013 | $437K | $354K | $1.1M | $489K | — | View 990 |
| 2012 | $414K | $383K | $989K | $486K | — | View 990 |
| 2011 | $589K | $368K | $907K | $436K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $718K, expenses of $587K, and assets of $1.4M (revenue +38.2% year-over-year).
- 2022: Revenue of $520K, expenses of $615K, and assets of $1.2M (revenue -12.2% year-over-year).
- 2021: Revenue of $592K, expenses of $716K, and assets of $1.3M (revenue -3.6% year-over-year).
- 2020: Revenue of $614K, expenses of $697K, and assets of $1.5M (revenue -6.9% year-over-year).
- 2019: Revenue of $660K, expenses of $481K, and assets of $1.5M (revenue +12.9% year-over-year).
- 2018: Revenue of $584K, expenses of $502K, and assets of $1.4M (revenue -2.9% year-over-year).
- 2017: Revenue of $602K, expenses of $555K, and assets of $1.3M (revenue +3.6% year-over-year).
- 2016: Revenue of $581K, expenses of $521K, and assets of $1.2M (revenue +1.3% year-over-year).
- 2015: Revenue of $574K, expenses of $405K, and assets of $1.2M (revenue +25.5% year-over-year).
- 2014: Revenue of $457K, expenses of $439K, and assets of $1.0M (revenue +4.6% year-over-year).
- 2013: Revenue of $437K, expenses of $354K, and assets of $1.1M (revenue +5.7% year-over-year).
- 2012: Revenue of $414K, expenses of $383K, and assets of $989K (revenue -29.7% year-over-year).
- 2011: Revenue of $589K, expenses of $368K, and assets of $907K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whittier Marina Condominium Association Inc:
Data Sources and Methodology
This transparency report for Whittier Marina Condominium 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.