CONNECTICUT WATER VEBA

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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

1989

Legal Domicile

Principal Officer

SAME AS ABOVE

Phone

8888663275

Tax Period

2025-01-01 to 2025-12-31

CONNECTICUT WATER VEBA, founded in 1989, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2025. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 75% operating margin.

Mission

MEDICAL AND DENTAL COVERAGE PROVIDED FOR ACTIVE AND RETIRED EMPLOYEES AND THEIR RESPECTIVE DEPENDENTS.

Program Service Accomplishments

Program 1

Expenses: $254,754 Revenue: $148,763

MEDICAL AND DENTAL COVERAGE PROVIDED FOR ACTIVE AND RETIRED EMPLOYEES AND THEIR RESPECTIVE DEPENDENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $148,763

Investment Income $1,634,801

Other Revenue $0

TOTAL REVENUE $1,783,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,823

Fundraising Expenses $0

Program Expenses $254,754

Other Expenses $189,496

TOTAL EXPENSES $446,073

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,783,564	$774,776	+1.3%
Expenses	$446,073	$315,394	+0.4%
Net Income	$1,337,491	$459,382	+1.9%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	N/A		$1,823	$0	$1,823

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
2025	$1,783,564	$446,073	$10,068,009	$1,337,491
2024	$774,776	$315,394	$8,734,342	$459,382
2023	$487,131	$261,969	$8,274,817	$225,162
2022	$675,784	$619,256	$8,050,423	$56,528
2021	$1,066,243	$552,619	$7,995,496	$513,624
2020	$968,701	$599,880	$7,482,648	$368,821
2019	$946,723	$714,692	$7,114,588	$232,031