AWW CO INC & ITS DESIGNATED SUB AFFIL GROUP INSURANCE TRUST (EIN 222471827) - 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

1983

Legal Domicile

Principal Officer

MARTIN FALKENBERG

Phone

8569554001

Tax Period

2022-01-01 to 2022-12-31

AWW CO INC & ITS DESIGNATED SUB AFFIL GROUP INSURANCE TRUST, founded in 1983, is a major nonprofit that reported $142.1M in total revenue in fiscal year 2022. Expenses of $135.7M left a modest 4% surplus.

Mission

THE TRUST IS A VOLUNTARY EMPLOYEE'S BENEFICIARY ASSOCIATION (THE "VEBA") ESTABLISHED BY AMERICAN WATER WORKS COMPANY INC. (THE COMPANY). THE COMPANY AND PARTICIPANTS FUND THE VEBA SOLELY TO PROVIDE GROUP INSURANCE, EMPLOYEE ASSISTANCE AND LONG-TERM DISABILITY BENEFITS TO THE COMPANY'S EMPLOYEES. THE GROUP INSURANCE PLAN, (MEDICAL, DENTAL, PRESCRIPTION, VISION, GROUP LIFE INSURANCE, SHORT TERM DISABILITY AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS) AND THE EMPLOYEE ASSISTANCE PLAN ARE PROVIDED TO ALL FULL-TIME PERMANENT EMPLOYEES AND, AS PERMITTED UNDER THE PLAN, TO DEPENDENTS. THE LONG-TERM DISABILITY PLAN PROVIDES ITS BENEFITS TO THE COMPANY'S NON-BARGAINING UNIT EMPLOYEES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $131,798,339

Investment Income $225,324

Other Revenue $10,075,799

TOTAL REVENUE $142,099,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,707,290

Other Expenses $3,489,407

TOTAL EXPENSES $135,707,290

Year-over-Year Comparison

	2022	2021	Change
Revenue	$142,099,462	$142,887,675	0.0%
Expenses	$135,707,290	$137,543,800	0.0%
Net Income	$6,392,172	$5,343,875	+0.2%

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

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

$2,129,233

Total Directors

$2,129,233

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLL SALAMONE	BENEFIT COMMITTEE	8.00	Officer Director	$332,875	$48,273	$381,148
JAMES MERANTE	BENEFIT COMMITTEE	8.00	Officer Director	$459,622	$55,344	$514,966
LYNDA DIMENNA	BENEFIT COMMITTEE	8.00	Officer Director	$423,330	$43,217	$466,547
DAVID CHOATE	BENEFIT COMMITTEE	8.00	Officer Director	$341,574	$51,530	$393,104
MELISSA CIULLO	BENEFIT COMMITTEE	8.00	Officer Director	$322,098	$51,370	$373,468

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	No data	No data	No data	No data
2022	$142,099,462	$135,707,290	$16,687,059	$6,392,172
2021	$142,887,675	$137,543,800	$10,294,887	$5,343,875
2020	$134,130,362	$131,383,635	$4,951,012	$2,746,727
2019	$125,760,732	$126,768,352	$2,207,242	$-1,007,620
2018	$115,477,853	$116,979,146	$2,386,525	$-1,501,293

AWW CO INC & ITS DESIGNATED SUB AFFIL GROUP INSURANCE TRUST