MUSCONETCONG WATERSHED ASSOCIATION (EIN 223199292) - 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

1992

Legal Domicile

Principal Officer

RICHARD COTTON

Phone

9085377060

Tax Period

2024-01-01 to 2024-12-31

MUSCONETCONG WATERSHED ASSOCIATION, founded in 1992, is a community nonprofit in the Environment sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $3.3M represent 27 months of operating reserves.

Mission

THE MUSCONETCONG WATERSHED ASSOCIATION IS AN INDEPENDENT, NON-PROFIT ORGANIZATION DEDICATED TO PROTECTING AND IMPROVING THE QUALITY OF THE MUSCONETCONG RIVER WATERSHED, INCLUDING ITS NATURAL AND CULTURAL RESOURCES, THROUGH PUBLIC EDUCATION AND AWARENESS, WATER MONITORING, SUSTAINABLE LAND MANAGEMENT AND COMMUNITY INVOLVEMENT.

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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 $1,320,580

Program Service Revenue $129,647

Investment Income $18,001

Other Revenue $16,948

TOTAL REVENUE $1,485,176

Expense Breakdown

Grants Paid $255,234

Salaries & Benefits $757,723

Fundraising Expenses $46,190

Program Expenses $1,348,887

Other Expenses $609,358

TOTAL EXPENSES $1,622,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,485,176	$1,744,394	-0.1%
Expenses	$1,622,315	$1,637,922	0.0%
Net Income	$-137,139	$106,472	-2.3%

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

475

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

$106,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD COTTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY PAIST-GOLDMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BILL LEAVENS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TISH LASCELLE	SECRETARY	2.00	Officer Director	$0	$0	$0
RAY MERRELL	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL FOX	TRUSTEE	2.00	Director	$0	$0	$0
JOHN PETROLINO	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT CASELLA	TRUSTEE	2.00	Director	$0	$0	$0
OLIVER GRIMSDALL	TRUSTEE	2.00	Director	$0	$0	$0
CLAIRE FLY	TRUSTEE	2.00	Director	$0	$0	$0
JOHN KLUTHE	TRUSTEE	2.00	Director	$0	$0	$0
BETH STYLER BARRY	TRUSTEE	2.00	Director	$0	$0	$0
SAMANTHA JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN MURPHY	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS GDALLESSIO	EXECUTIVE DIRECTOR	37.50	Officer	$95,723	$10,944	$106,667

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	$1,485,176	$1,622,315	$3,415,925	$-137,139
2023	$1,744,394	$1,637,922	$3,884,118	$106,472
2022	$937,922	$1,048,582	$3,382,623	$-110,660
2021	$1,201,005	$952,740	$3,474,640	$248,265
2020	$765,298	$750,950	$3,300,724	$14,348
2019	$855,615	$652,262	$3,231,062	$203,353
2018	$878,302	$491,189	$3,001,193	$387,113

MUSCONETCONG WATERSHED ASSOCIATION