Mass Rural Water Association Inc

EIN: 203451540 Community Improvement

Northfield, MA

Total Revenue
$1,064,443
Total Expenses
$1,001,362
Total Assets
$506,638
Net Assets
$373,688
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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
MA
Principal Officer
James Gobeille
Phone
4134925779
Tax Period
2024-01-01 to 2024-12-31

Mass Rural Water Association Inc, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 6% surplus.

Mission

Protection of Water

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $87,978
Program Service Revenue $976,421
Investment Income $44
Other Revenue $0
TOTAL REVENUE $1,064,443

Expense Breakdown

Grants Paid $0
Salaries & Benefits $606,740
Fundraising Expenses $0
Other Expenses $394,622
TOTAL EXPENSES $1,001,362

Year-over-Year Comparison

2024 2023 Change
Revenue $1,064,443 $967,530 +0.1%
Expenses $1,001,362 $900,599 +0.1%
Net Income $63,081 $66,931 -0.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
7
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
4
$97,230
Total Directors
4
$0
Key Employees
1
$97,230
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Gobeille President 2.00
Officer
$0 $0 $0
Randy Crochier Treasurer 8.00
Officer
$0 $0 $0
Frank Lyon Clerk 8.00
Officer
$0 $0 $0
David Kaczenski Executive Director 40.00
Officer Key Emp
$97,230 $0 $97,230
Craig Jalbert Director 2.00
Director
$0 $0 $0
Chelsey Little Director 2.00
Director
$0 $0 $0
Dennis Clarke Director 2.00
Director
$0 $0 $0
Eric Meals 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
2024 $1,064,443 $1,001,362 $506,638 $63,081
2023 $967,530 $900,599 $433,467 $66,931
2022 $782,974 $765,452 $396,256 $17,522
2021 $824,839 $840,700 $389,482 $-15,861
2020 $820,528 $753,844 $396,703 $66,684
2019 $936,694 $867,853 $350,215 $68,841
2018 $613,715 $734,025 $265,643 $-120,310
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