PENNICHUCK WATER WORKS INC EMPLOYEE BENEFIT PLAN FOR MEMBERS (EIN 020498191) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

GEORGE TORRES

Phone

6038825191

Tax Period

2023-01-01 to 2023-12-31

PENNICHUCK WATER WORKS INC EMPLOYEE BENEFIT PLAN FOR MEMBERS, founded in 1999, is a micro nonprofit in the Mutual Benefit sector that reported $37K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7K, a strong 19% operating margin.

Mission

TO PROVIDE EMPLOYEE BENEFIT PLAN

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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 $0

Program Service Revenue $0

Investment Income $37,356

Other Revenue $0

TOTAL REVENUE $37,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,362

TOTAL EXPENSES $30,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,356	$23,007	+0.6%
Expenses	$30,325	$42,964	-0.3%
Net Income	$7,031	$-19,957	-1.4%

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

N/A

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

$861,256

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH PILLSBURY	DIRECTOR	1.00	Director	$0	$0	$0
AMYMARIE CORRIVEAU	DIRECTOR	1.00	Director	$0	$0	$0
DAVID P BERNIER	DIRECTOR	1.00	Director	$0	$0	$0
JAY LUSTIG	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN D GENEST	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH A DUNN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN D MCGRATH	DIRECTOR	1.00	Director	$0	$0	$0
RALPH JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH NOVOTNY	DIRECTOR	1.00	Director	$0	$0	$0
H SCOTT FLEGAL	DIRECTOR	1.00	Director	$0	$0	$0
C GEORGE BOWER PHD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LAW	DIRECTOR (AS OF 12/23)	1.00	Director	$0	$0	$0
THOMAS J LEONARD	PRESIDENT/CHAIRMAN	1.00	Director	$0	$0	$0
LARRY D GOODHUE	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$16,249	$287,682
GEORGE TORRES	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$15,952	$174,964
DONALD L WARE	CHIEF OPERATING OFFICER	1.00	Officer	$0	$14,595	$245,346
CAROL ANN HOWE	CORPORATE SECRETARY & ASSISTANT TREASURER	1.00	Officer	$0	$8,954	$153,264

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	$37,356	$30,325	$360,852	$7,031
2022	$23,007	$42,964	$353,821	$-19,957
2021	$66,459	$42,240	$373,778	$24,219
2020	$9,620	$35,453	$349,559	$-25,833
2019	$9,633	$32,354	$375,392	$-22,721

PENNICHUCK WATER WORKS INC EMPLOYEE BENEFIT PLAN FOR MEMBERS