HAMMOND ACRES WATER CORPORATION INC

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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

1997

Legal Domicile

Principal Officer

JOSEPH SILVERMAN

Phone

4135636119

Tax Period

2025-01-01 to 2025-12-31

HAMMOND ACRES WATER CORPORATION INC, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $33K in total revenue in fiscal year 2025. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $48K exceeded revenue, resulting in a 44% operating deficit.

Mission

PROVIDES WATER TO SEASONAL HOME OWNERS OF THE ASSOCIATION. MAINTAINS AND MAKES REPAIRS TO THE WATER INFRASTRUCTURE WHEN NECESSARY.

Program Service Accomplishments

Program 1

PROVIDES WATER TO SEASONAL HOME OWNERS OF THE ASSOCIATION. MAINTAINS AND MAKES REPAIRS TO THE WATER INFRASTRUCTURE WHEN NECESSARY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $33,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $33,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $47,658

TOTAL EXPENSES $47,658

Year-over-Year Comparison

	2025	2024	Change
Revenue	$33,000	$57,150	-0.4%
Expenses	$47,658	$45,453	+0.0%
Net Income	$-14,658	$11,697	-2.3%

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

N/A

Employees

N/A

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
SHIRLEY PORTER	SECRETARY	N/A	Officer Director	$0	$0	$0
JOSEPH SILVERMAN	PRESIDENT/TR	N/A	Officer Director	$0	$0	$0
MICHAEL WOOLF	VICE PRESIDE	N/A	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
2025	$33,000	$47,658	$1,494	$-14,658
2024	$57,150	$45,453	$12,210	$11,697
2021	$13,400	$17,389	$13,901	$-3,989