BETTER WATERWORKS INC (EIN 237260761) - 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

1972

Legal Domicile

Principal Officer

BOBBY MCNEASE

Phone

3183438181

Tax Period

2025-01-01 to 2025-12-31

BETTER WATERWORKS INC, founded in 1972, is a small nonprofit in the Mutual Benefit sector that reported $782K in total revenue in fiscal year 2025. Revenue fell 59% from the prior year — a significant decline worth monitoring. Net assets of $2.8M represent 43 months of operating reserves.

Mission

PROVIDE WATER SERVICE TO MEMBERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $760,164

Investment Income $21,729

Other Revenue $0

TOTAL REVENUE $781,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,337

Fundraising Expenses $0

Program Expenses $530,661

Other Expenses $760,309

TOTAL EXPENSES $780,646

Year-over-Year Comparison

	2025	2024	Change
Revenue	$781,893	$1,929,365	-0.6%
Expenses	$780,646	$694,275	+0.1%
Net Income	$1,247	$1,235,090	-1.0%

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
BOBBY MCNEASE	President	0.50	Officer Director	$0	$0	$0
MIKE KENNEDY	Vice President	0.25	Officer Director	$0	$0	$0
MARK LINDSTROM	Director	0.25	Director	$0	$0	$0
BRITT TRICHELL	Director	0.25	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
2025	$781,893	$780,646	$4,699,708	$1,247
2024	$1,929,365	$694,275	$4,748,195	$1,235,090
2023	$728,889	$645,416	$3,697,655	$83,473
2022	$485,708	$820,278	$3,539,567	$-334,570
2021	$523,458	$620,239	$3,907,100	$-96,781
2020	$554,580	$538,418	$4,042,730	$16,162

BETTER WATERWORKS INC