Forest Lakes Water Co

EIN: 222065366

Andover, NJ

Total Revenue
$165,406
Total Expenses
$182,633
Total Assets
$191,827
Net Assets
$168,846
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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
1953
Legal Domicile
NJ
Principal Officer
Charles Gartland
Phone
9737866600
Tax Period
2023-01-01 to 2023-12-31

Forest Lakes Water Co, founded in 1953, is a small nonprofit that reported $165K in total revenue in fiscal year 2023. Expenses of $183K exceeded revenue, resulting in a 10% operating deficit.

Mission

Providing Water to consumer families

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $165,275
Investment Income $131
Other Revenue $0
TOTAL REVENUE $165,406

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,309
Fundraising Expenses $0
Other Expenses $146,324
TOTAL EXPENSES $182,633

Year-over-Year Comparison

2023 2022 Change
Revenue $165,406 $164,218 +0.0%
Expenses $182,633 $168,983 +0.1%
Net Income $-17,227 $-4,765 +2.6%
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
5
Independent Members
N/A
Employees
4
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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Chozick Chairman 0.00
Officer Director
$0 $0 $0
Charles Gartland President 0.00
Officer Director
$0 $0 $0
David Alcock Vice-President 0.00
Officer Director
$0 $0 $0
Jack Quirk Secretary/Treasurer 0.00
Officer Director
$0 $0 $0
John McDonough Trustee 0.00
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 No data No data No data No data
2023 $165,406 $182,633 $191,827 $-17,227
2022 $164,218 $168,983 $209,608 $-4,765
2021 $164,730 $191,682 $210,955 $-26,952
2020 $164,499 $169,385 $234,597 $-4,886
2019 $165,561 $183,816 $240,579 $-18,255
2018 $164,260 $148,116 $259,124 $16,144
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