MONMOUTH WATER ASSOCIATION (EIN 237080761) - 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

1965

Legal Domicile

Principal Officer

JOEL BALANO-STOTT

Phone

2073776366

Tax Period

2024-01-01 to 2024-12-31

MONMOUTH WATER ASSOCIATION, founded in 1965, is a small nonprofit that reported $285K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 42% operating margin.

Mission

WATER SUPPLY

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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 $0

Program Service Revenue $270,248

Investment Income $14,291

Other Revenue $0

TOTAL REVENUE $284,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $164,910

TOTAL EXPENSES $164,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$284,539	$222,087	+0.3%
Expenses	$164,910	$168,837	0.0%
Net Income	$119,629	$53,250	+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

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
JOEL BALANO-STOTT	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHARLES COHEN	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
STEVEN ELDRIDGE	DIRECTOR	0.50	Director	$0	$0	$0
GEOFFREY MILLER	SECRETARY	0.50	Officer Director	$0	$0	$0
RICHARD ROBERTSON	TREASURER	0.50	Officer 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	$284,539	$164,910	$2,888,579	$119,629
2023	$222,087	$168,837	$1,800,228	$53,250
2022	$217,269	$164,592	$1,773,958	$52,677
2021	$195,496	$166,410	$1,724,616	$29,086
2020	$202,925	$163,149	$1,802,010	$39,776
2019	$194,435	$162,393	$1,882,085	$32,042
2018	$308,682	$156,533	$1,870,667	$152,149

MONMOUTH WATER ASSOCIATION