RARITAN HEADWATERS ASSOCIATION (EIN 221722944) - 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

1958

Legal Domicile

Principal Officer

MARA TIPPETT

Phone

9082341852

Tax Period

2024-01-01 to 2024-12-31

RARITAN HEADWATERS ASSOCIATION, founded in 1958, is a community nonprofit in the Environment sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $572K, a strong 21% operating margin.

Mission

TO PRESERVE AND PROTECT THE HEADWATERS REGION OF THE RARITAN RIVER BASIN.

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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 $1,653,494

Program Service Revenue $425,118

Investment Income $531,646

Other Revenue $69,246

TOTAL REVENUE $2,679,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,339,598

Fundraising Expenses $287,980

Program Expenses $1,681,616

Other Expenses $767,423

TOTAL EXPENSES $2,107,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,679,504	$2,066,201	+0.3%
Expenses	$2,107,021	$2,218,889	-0.1%
Net Income	$572,483	$-152,688	-4.7%

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

Volunteers

2000

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
DALLAS HETHERINGTON	PRESIDENT	0.50	Officer Director	$0	$0	$0
ARUN GUNDURAO	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KERRY HASELTON	SECRETARY	0.50	Officer Director	$0	$0	$0
RICHARD SMITH	TREASURER	0.50	Officer Director	$0	$0	$0
STEW BRUNHOUSE	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH BUGLIARI	TRUSTEE	0.50	Director	$0	$0	$0
MARIO CABALLERO	TRUSTEE	0.50	Director	$0	$0	$0
GEORGE CASSA	TRUSTEE	0.50	Director	$0	$0	$0
KATE CONGER	TRUSTEE	0.50	Director	$0	$0	$0
DEBORAH DESALVO	TRUSTEE	0.50	Director	$0	$0	$0
SHIREEN FATHI	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT FRAWLEY	TRUSTEE	0.50	Director	$0	$0	$0
GRETCHEN JAECKLE	TRUSTEE	0.50	Director	$0	$0	$0
HENRY PATTERSON	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW PLATT	TRUSTEE	0.50	Director	$0	$0	$0
HARRY QUINN	TRUSTEE	0.50	Director	$0	$0	$0
NICK ROMANENKO	TRUSTEE	0.50	Director	$0	$0	$0
SARAH SODEN	TRUSTEE	0.50	Director	$0	$0	$0
CHARLES WOHLFORTH	TRUSTEE	0.50	Director	$0	$0	$0
RICK WOLFE	TRUSTEE	0.50	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	$2,679,504	$2,107,021	$12,995,744	$572,483
2023	$2,066,201	$2,218,889	$11,980,311	$-152,688
2022	$2,049,920	$1,886,339	$10,859,280	$163,581
2022	$519,896	$608,231	$11,139,509	$-88,335
2021	$1,923,766	$1,684,469	$12,718,112	$239,297
2020	$1,160,146	$2,069,264	$11,914,835	$-909,118
2019	$1,193,710	$1,899,799	$11,786,692	$-706,089
2018	$1,720,048	$1,804,983	$12,310,925	$-84,935

RARITAN HEADWATERS ASSOCIATION