NEW JERSEY WATER ASSOCIATION INC (EIN 223067737) - 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

1990

Legal Domicile

Phone

6092427111

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY WATER ASSOCIATION INC, founded in 1990, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 12% surplus.

Mission

TRAINING & TECHNICAL ASSISTANCE

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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 (2023)

Revenue Breakdown

Contributions & Grants $967,518

Program Service Revenue $175,560

Investment Income $3,250

Other Revenue $309,497

TOTAL REVENUE $1,455,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $843,965

Fundraising Expenses $0

Program Expenses $1,006,647

Other Expenses $431,231

TOTAL EXPENSES $1,275,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,455,825	$1,401,917	+0.0%
Expenses	$1,275,196	$1,319,759	0.0%
Net Income	$180,629	$82,158	+1.2%

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

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
RICHARD P HOWLETT	EXECUTIVE DIRECTOR	40.00		$145,920	$0	$145,920
MICHAEL J BARNES PE CME	Trustee	0.00	Director	$0	$0	$0
JAMES J MACKIE PE	Trustee	0.00	Director	$0	$0	$0
CLIFF M KEEN	President	0.00	Director	$0	$0	$0
SHANE GEDERBERT	Trustee	0.00	Director	$0	$0	$0
MICHAEL LATA	Vice President	0.00	Director	$0	$0	$0
THOMAS ANDES	Trustee	0.00	Director	$0	$0	$0
ROGER BUDD	Trustee	0.00	Director	$0	$0	$0
KEITH SMITH	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	$1,455,825	$1,275,196	$1,366,208	$180,629
2022	$1,401,917	$1,319,759	$1,175,282	$82,158
2021	$1,255,541	$1,087,506	$1,086,632	$168,035
2020	$939,404	$935,293	$912,466	$4,111
2019	$997,213	$933,562	$872,734	$63,651
2018	$1,097,968	$936,348	$809,809	$161,620

NEW JERSEY WATER ASSOCIATION INC