Waterford Springs Corporation (EIN 030264149) - 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

1994

Legal Domicile

Principal Officer

Douglas Bourchard

Tax Period

2022-07-01 to 2023-06-30

Waterford Springs Corporation, founded in 1994, is a small nonprofit that reported $171K in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $163K left a modest 4% surplus.

Mission

The Company is a Common Interest Realty Association that provides a safe community and recreation activities for its members.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $136,168

Investment Income $0

Other Revenue $34,355

TOTAL REVENUE $170,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,350

Fundraising Expenses $0

Program Expenses $163,423

Other Expenses $109,073

TOTAL EXPENSES $163,423

Year-over-Year Comparison

	2022	2021	Change
Revenue	$170,523	$151,783	+0.1%
Expenses	$163,423	$143,390	+0.1%
Net Income	$7,100	$8,393	-0.2%

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

N/A

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
Timothy Yarrow	Clerk	010.00	Officer Director	$0	$0	$0
Kayla Bateman	Secretary	010.00	Officer Director	$0	$0	$0
James Meigs	President	010.00	Officer Director	$0	$0	$0
Douglas Borchard	Treasurer	010.00	Officer Director	$0	$0	$0
Justin Noble	Executive Vice President	010.00	Officer Director Key Emp	$0	$0	$0
Elizabeth Brown	Trustee	005.00	Director	$0	$0	$0
John Buckley	Trustee	005.00	Director	$0	$0	$0
Alex Fowler	President	005.00	Director	$0	$0	$0
Joe Inskeep	Trustee	005.00	Director	$0	$0	$0
Sarah Morris	Trustee	005.00	Director	$0	$0	$0
Bob Whittaker	Trustee	005.00	Officer Director	$0	$0	$0
Matti Pylkkanen	Controller	005.00	Officer Director	$0	$0	$0
Diane May	Trustee	005.00	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
2023	$170,523	$163,423	$162,886	$7,100
2022	$151,783	$143,390	$181,286	$8,393

Waterford Springs Corporation