BERWICK WATER ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

TED J GRIFFIEON

Phone

5154900352

Tax Period

2025-01-01 to 2025-12-31

BERWICK WATER ASSOCIATION, founded in 1977, is a small nonprofit that reported $254K in total revenue in fiscal year 2025. Revenue surged 84% from the prior year, signaling strong growth momentum. Net assets of $2.2M represent 106 months of operating reserves.

Mission

THE ASSOCIATION OPERATES A WATER DISTRIBUTION SYSTEM WITH THE ASSISTANCE OF THE DES MOINES WATER WORKS WHICH PROVIDES WATER SERVICES TO ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $380,800 Revenue: $253,804

THE ASSOCIATION PROVIDED WATER SERVICES TO MORE THAN 200 RESIDENTS DURING THE YEAR.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $168,523

Investment Income $85,281

Other Revenue $0

TOTAL REVENUE $253,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,200

Fundraising Expenses $0

Program Expenses $380,800

Other Expenses $249,767

TOTAL EXPENSES $259,967

Year-over-Year Comparison

	2025	2024	Change
Revenue	$253,804	$137,642	+0.8%
Expenses	$259,967	$15,245	+16.1%
Net Income	$-6,163	$122,397	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$3,900

Total Directors

$8,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED J GRIFFIEON	PRESIDENT	1.00	Officer Director	$1,250	$0	$1,250
DAVE HENDERSON	TREASURER	1.00	Officer Director	$2,650	$0	$2,650
DOUG MCCARTHY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TONI L KNIGHT	FOUNDATION MGR.	1.00	Director	$4,800	$0	$4,800
DENNY SULT	DIRECTOR	1.00	Director	$0	$0	$0
JAKE VAN OORT	SECRETARY	1.00	Officer Director	$0	$0	$0
GLEN MIKEL	DIRECTOR	1.00	Director	$0	$0	$0
CLAY SPRAGUE	DIRECTOR	1.00	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	$253,804	$259,967	$2,324,311	$-6,163
2024	$137,642	$15,245	$2,416,402	$122,397
2023	$119,767	$40,051	$2,294,005	$79,716
2022	$177,511	$308,098	$2,053,057	$-130,587
2021	$104,367	$13,590	$2,183,644	$90,777
2020	$106,588	$21,148	$2,092,867	$85,440
2019	$88,692	$18,477	$2,007,427	$70,215
2018	$39,151	$31,743	$1,937,211	$7,408