PENNICHUCK WATER WORKS INC EMPLOYEE BENEFIT PLAN FOR NON-UNION (EIN 020498200) - 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 NON-UNION, founded in 1999, is a micro nonprofit in the Mutual Benefit sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 291% operating deficit.

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 $5,608

Other Revenue $0

TOTAL REVENUE $5,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,384

TOTAL EXPENSES $21,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,608	$13,520	-0.6%
Expenses	$21,930	$39,736	-0.4%
Net Income	$-16,322	$-26,216	-0.4%

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
DAVID P BERNIER	DIRECTOR	1.00	Director	$0	$0	$0
DR C GEORGE BOWER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH A DUNN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN D GENEST	DIRECTOR	1.00	Director	$0	$0	$0
H SCOTT FLEGAL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS J LEONARD	PRESIDENT	1.00	Director	$0	$0	$0
JAY LUSTIG	DIRECTOR	1.00	Director	$0	$0	$0
JOHN D MCGRATH	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH NOVOTNY	DIRECTOR	1.00	Director	$0	$0	$0
AMYMARIE CORRIVEAU	DIRECTOR	1.00	Director	$0	$0	$0
SARAH PILLSBURY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LAW	DIRECTOR	1.00	Director	$0	$0	$0
RALPH JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
DONALD L WARE	CHIEF OPERATING OFFICER	1.00	Officer	$0	$14,595	$245,346
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
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	$5,608	$21,930	$34,544	$-16,322
2022	$13,520	$39,736	$50,866	$-26,216
2021	$23,287	$36,068	$77,082	$-12,781
2020	$7,210	$30,394	$89,863	$-23,184
2019	$3,883	$25,303	$113,047	$-21,420

PENNICHUCK WATER WORKS INC EMPLOYEE BENEFIT PLAN FOR NON-UNION