Regional Water Authority Employees Contributory (EIN 060878647) - 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

1993

Legal Domicile

Principal Officer

David Borowy

Phone

2034012527

Tax Period

2025-01-01 to 2025-12-31

Regional Water Authority Employees Contributory, founded in 1993, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 42% operating deficit.

Mission

Payment of retired employees medical & life

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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 $1,738,024

Program Service Revenue $0

Investment Income $424,436

Other Revenue $0

TOTAL REVENUE $2,162,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $50,408

TOTAL EXPENSES $3,070,196

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,162,460	$2,419,985	-0.1%
Expenses	$3,070,196	$2,086,051	+0.5%
Net Income	$-907,736	$333,934	-3.7%

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

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

$154,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Borowy	Director	0.25	Director	$0	$0	$38,500
Catherine LaMarr	Director	0.25	Director	$0	$0	$29,000
Kevin J Curseadan	Director	0.25	Director	$0	$0	$29,000
Suzanne C Sack	Director	0.25	Director	$0	$0	$29,000
Mario Ricozzi	Director	0.25	Director	$0	$0	$29,000
Todd Cort	Director	0.25	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	$2,162,460	$3,070,196	$11,023,509	$-907,736
2024	No data	No data	No data	No data
2023	$2,198,146	$2,059,749	$9,930,747	$138,397
2022	$2,213,488	$1,522,247	$9,022,172	$691,241
2021	$2,331,920	$2,078,670	$9,882,631	$253,250
2020	$2,371,953	$1,733,989	$8,956,664	$637,964

Regional Water Authority Employees Contributory