TRUST FOR AQUARION CO WELFARE BENEFITS

EIN: 223405144

BRIDGEPORT, CT

Total Revenue
$10,498,316
Total Expenses
$9,959,983
Total Assets
$15,640,782
Net Assets
$15,434,294
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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
2002
Legal Domicile
CT
Phone
2033623011
Tax Period
2023-01-01 to 2023-12-31

TRUST FOR AQUARION CO WELFARE BENEFITS, founded in 2002, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2023. Expenses of $10.0M left a modest 5% surplus.

Mission

A defined benefit plan that provides health and other benefits to eligible employees and their dependents along with certain retiree medical benefits for retired employees of Aquarion Water Company of Connecticut Massachusetts and New Hampshire.

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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 $9,455,025
Investment Income $1,043,291
Other Revenue $0
TOTAL REVENUE $10,498,316

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $232,800
TOTAL EXPENSES $9,959,983

Year-over-Year Comparison

2023 2022 Change
Revenue $10,498,316 $10,459,172 +0.0%
Expenses $9,959,983 $8,987,445 +0.1%
Net Income $538,333 $1,471,727 -0.6%
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
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N A N A 0.00
Officer
$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 $10,498,316 $9,959,983 $15,640,782 $538,333
2022 $10,459,172 $8,987,445 $14,776,013 $1,471,727
2021 $8,880,527 $8,083,156 $16,181,846 $797,371
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