WATERFORD WATER & SEWER (EIN 237140706) - 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

1963

Legal Domicile

Principal Officer

JERRY BARNETT

Phone

7409844727

Tax Period

2023-01-01 to 2023-12-31

WATERFORD WATER & SEWER, founded in 1963, is a small nonprofit that reported $339K in total revenue in fiscal year 2023. Expenses of $328K left a modest 3% surplus.

Mission

OPERATION OF WATER TREATMENT AND DISTRIBUTION AND SANITARY SEWAGE DISPOSAL SYSTEM

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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 $0

Program Service Revenue $339,046

Investment Income $25

Other Revenue $0

TOTAL REVENUE $339,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,383

Fundraising Expenses $0

Program Expenses $318,184

Other Expenses $263,646

TOTAL EXPENSES $328,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$339,071	$319,704	+0.1%
Expenses	$328,029	$335,693	0.0%
Net Income	$11,042	$-15,989	-1.7%

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

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

$9,316

Key Employees

$49,112

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA TURNER	CLERK/TREASURER	10.00	Director	$7,396	$0	$7,396
JERRY BARNETT	PRESIDENT	0.50	Director	$480	$0	$480
BARRY STOLLAR	VICE PRESIDENT	0.50	Director	$480	$0	$480
JOHN HEISS	SECRETARY	0.50	Director	$480	$0	$480
CHARLES HEISS	MEMBER	0.50	Director	$480	$0	$480
JUSTIN C MARTIN	OPERATOR	8.00	Key Emp	$34,560	$0	$34,560
STEVEN F EDDY	OPERATOR	8.00	Key Emp	$14,552	$0	$14,552

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	$339,071	$328,029	$347,114	$11,042
2022	$319,704	$335,693	$335,961	$-15,989
2021	$293,308	$227,825	$353,802	$65,483
2020	$285,465	$152,011	$298,356	$133,454

WATERFORD WATER & SEWER