MAINE WATER UTILITIES ASSOC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

BRIAN MCGUIRE

Phone

2076239511

Tax Period

2023-01-01 to 2023-12-31

MAINE WATER UTILITIES ASSOC, founded in 1925, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $931K left a modest 10% surplus.

Mission

TO REPRESENT THE WATER WORKS PROFESSIONAL MEMBERSHIP IN ADVOCATING SAFE DRINKING WATER THROUGH EDUCATION, LEGISLATION, POLICY AND NETWORKING.

Program Service Accomplishments

Program 1

Expenses: $417,203 Revenue: $535,509

WATER UTILITY EDUCATIONAL SERVICES.

Program 2

Expenses: $132,098 Revenue: $267,452

EDUCATIONAL SEMINARS AS AVAILABLE.

Program 3

Expenses: $7,202 Revenue: $5,925

PUBLISH NEWSLETTER AND JOURNAL RELATED TO ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $177,752

Program Service Revenue $851,879

Investment Income $1,852

Other Revenue $0

TOTAL REVENUE $1,031,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,165

Fundraising Expenses $0

Program Expenses $618,564

Other Expenses $714,076

TOTAL EXPENSES $931,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,031,483	$846,884	+0.2%
Expenses	$931,241	$851,543	+0.1%
Net Income	$100,242	$-4,659	-22.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT ABBOTONI	DIRECTOR	1.00	Director	$0	$0	$0
ANDY BEGIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CUMMONS	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
CHRISTOPHER CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEACH	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
BRIAN MCGUIRE	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE PELLENZ	TREASURER/SE	1.00	Officer Director	$0	$0	$0
ROBERT PONATU	2ND VICE PRE	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,031,483	$931,241	$684,740	$100,242
2022	$846,884	$851,543	$605,822	$-4,659
2021	$649,493	$612,570	$771,330	$36,923
2020	$461,877	$478,282	$589,914	$-16,405
2019	$447,086	$416,035	$329,750	$31,051
2018	$390,245	$418,284	$114,647	$-28,039