NEW ENGLAND WATER WORKS ASSOCIATION INC (EIN 041666330) - 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

1982

Legal Domicile

Principal Officer

STEPHEN C OLSON

Phone

5088937979

Tax Period

2023-07-01 to 2024-06-30

NEW ENGLAND WATER WORKS ASSOCIATION INC, founded in 1982, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 6% surplus.

Mission

TO PROMOTE PUBLIC HEALTH, SAFETY, AND WELFARE THROUGH THE ADVANCEMENT AND DISSEMINATION OF KNOWLEDGE FOR IMPROVEMENT OF THE PLANNING, PROTECTION, DESIGN, CONSTRUCTION, OPERATION, MANAGEMENT AND REGULATION OF PUBLIC DRINKING WATER SUPPLIES.

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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 $251,272

Program Service Revenue $2,294,396

Investment Income $110,442

Other Revenue $105,594

TOTAL REVENUE $2,761,704

Expense Breakdown

Grants Paid $31,553

Salaries & Benefits $1,144,134

Fundraising Expenses $7,987

Program Expenses $2,074,441

Other Expenses $1,413,363

TOTAL EXPENSES $2,589,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,761,704	$2,544,592	+0.1%
Expenses	$2,589,050	$2,471,873	+0.0%
Net Income	$172,654	$72,719	+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

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

$166,028

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE BROCKWAY	TREASURER	6.00	Officer Director	$0	$0	$0
MICHAEL PELLETIER	ASST TREASUR	6.00	Officer Director	$0	$0	$0
DARIN LAFALAM	MA DIRECTOR	2.00	Director	$0	$0	$0
ROB LITTLE	MA DIRECTOR	2.00	Director	$0	$0	$0
JOHN J BOISVERT	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DEMETRIOS G VIDALIS	PRESIDENT-EL	2.00	Officer Director	$0	$0	$0
KIRSTEN KING	EXECUTIVE DI	40.00	Key Emp	$157,268	$8,760	$166,028
MATTHEW STOSSE	CT DIRECTOR	2.00	Director	$0	$0	$0
JESSICA LYNCH	RI DIRECTOR	2.00	Director	$0	$0	$0
THOMAS GARRITY	DIRECTOR-AT-	2.00	Director	$0	$0	$0
JAMES L DECELLES	PAST PRESIDE	2.00	Director	$0	$0	$0
NATHAN H LITTLE	DIRECTOR-AT-	2.00	Director	$0	$0	$0
STEPHEN C OLSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
KIRSTEN RYAN	DIRECTOR-AT-	2.00	Director	$0	$0	$0
ROGER PARADIS	MAINE DIRECT	2.00	Director	$0	$0	$0
MARC MORIN	NH DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH DUNCAN	VT DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$2,761,704	$2,589,050	$5,805,727	$172,654
2023	$2,544,592	$2,471,873	$5,422,095	$72,719
2022	$3,122,147	$2,406,884	$5,434,638	$715,263
2021	$2,104,407	$1,830,534	$5,317,027	$273,873
2020	$1,895,713	$2,123,324	$4,707,803	$-227,611
2019	$2,619,883	$2,544,739	$4,799,467	$75,144

NEW ENGLAND WATER WORKS ASSOCIATION INC