WATERWORKS PRESERVATION TRUST INC (EIN 264236346) - 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

2006

Legal Domicile

Principal Officer

DENNIS DEWITT

Phone

6172770065

Tax Period

2024-01-01 to 2024-12-31

WATERWORKS PRESERVATION TRUST INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $669K in total revenue in fiscal year 2024. Expenses of $589K left a modest 12% surplus.

Mission

WATERWORKS PRESERVATION TRUST, INC., PURSUANT TO PROVISIONS OF THE 2005 LAND DISPOSITION AGREEMENT (LDA), AS AMENDED, WHICH STATES THE FIDUCIARY RESPONSIBILITIES, ACTS AS A TRUSTEE FOR THE ENDOWMENT FOR THE BENEFIT OF THE METROPOLITAN WATERWORKS MUSEUM, INC.

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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 $343,827

Investment Income $325,391

Other Revenue $0

TOTAL REVENUE $669,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,590

Other Expenses $588,700

TOTAL EXPENSES $588,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$669,218	$697,512	0.0%
Expenses	$588,700	$382,139	+0.5%
Net Income	$80,518	$315,373	-0.7%

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

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
EDWARD BERGER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM LUZIER JR	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE COLE	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN ROSENTHAL	TRUSTEE	1.00	Director	$0	$0	$0
ELAINE C PIERCE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS J DEWITT	TREASURER	1.00	Officer Director	$0	$0	$0
ROGER BLOOD	SECRETARY	1.00	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	$669,218	$588,700	$2,750,947	$80,518
2023	$697,512	$382,139	$2,667,694	$315,373
2022	$370,383	$385,441	$2,337,888	$-15,058
2021	$650,473	$395,501	$2,828,830	$254,972
2020	$651,770	$446,621	$2,525,793	$205,149
2019	$643,945	$343,176	$2,335,044	$300,769
2018	$238,429	$382,883	$2,018,327	$-144,454

WATERWORKS PRESERVATION TRUST INC