GRANITE STATE RURAL WATER ASSOCIATION (EIN 203427007) - 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

2005

Legal Domicile

Principal Officer

ANTHONY CAVELIERE

Phone

6039987207

Tax Period

2024-01-01 to 2024-12-31

GRANITE STATE RURAL WATER ASSOCIATION, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $961K left a modest 6% surplus.

Mission

PROVIDE AID TO WATER AND WASTEWATER SYSTEMS THROUGH TRAINING AND ON-SITE TECHNICAL ASSISTANCE THROUGHOUT NEW HAMPSHIRE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $93,302

Program Service Revenue $899,191

Investment Income $44

Other Revenue $29,175

TOTAL REVENUE $1,021,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $546,694

Fundraising Expenses $11,593

Program Expenses $711,528

Other Expenses $413,889

TOTAL EXPENSES $960,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,021,712	$878,047	+0.2%
Expenses	$960,583	$795,583	+0.2%
Net Income	$61,129	$82,464	-0.3%

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

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

$135,060

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON RANDALL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD EMBERLEY	DIRECTOR	1.00	Director	$0	$0	$0
APRIL BUSFIELD	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
ANTHONY CAVELIERE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN COFFEY	DIRECTOR	1.00	Director	$0	$0	$0
LUIS ADORNO	EXECUTIVE DIRECTOR	40.00	Officer	$87,066	$6,095	$93,161
HEIDI LAURICELLA	EXECUTIVE DIRECTOR	25.00	Officer	$39,158	$2,741	$41,899

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	$1,021,712	$960,583	$757,213	$61,129
2023	$878,047	$795,583	$672,027	$82,464
2022	$741,365	$661,259	$570,903	$80,106
2021	$792,254	$679,269	$502,207	$112,985
2020	$674,498	$628,755	$393,203	$45,743
2019	$796,424	$761,069	$345,660	$35,355
2018	$716,090	$680,004	$314,270	$36,086

GRANITE STATE RURAL WATER ASSOCIATION